Picture credit: garagestock/Depositphotos
Pensioenfonds Metaal en Techniek (PMT) and Pensioenfonds van de Metalektro (PME), introduced on Tuesday, February 7, that each have invested €75M every within the third fund of Innovation Industries.
The announcement comes as Innovation Industries, a Dutch deep tech enterprise capital agency, launches a 3rd fund to offer capital to Deep Tech firms.
PMT says that “lots of of tens of millions of euros might be invested in Dutch fast-growing expertise firms that supply options to the main challenges of our time.”
Fund to lift upto €400M
Within the first financing spherical, Innovation Industries raised €200M from the pension funds PMT and PME, Rabo Investments, the Brabant Growth Company (BOM), TNO, and personal buyers.
The fund goals to lift €300M to €400M.
With the brand new fund, the Dutch VC is in search of about 15 deep tech startups and scale-ups centered on making use of superior applied sciences to resolve complicated societal bottlenecks in healthcare, agriculture, vitality, and manufacturing.
Beforehand, Innovation Industries raised €275M with two comparable funds.
Since 2017, Innovation Industries has constructed a portfolio of 25 Dutch firms, which embody Good Photonics, Impact Photonics, Nearfield Devices, Onera, Axelera AI, and Solynta.
PME: Manages pension rights of 620K individuals
The Pension Fund of the Metallic and Technological Business (PME) manages the pension rights of roughly 620,000 individuals.
The sector contains 1,450 massive and medium-sized firms, from shipyards to semiconductor producers. The belongings quantity to greater than €50B.
PME is the fifth-largest fund within the Netherlands and has invested €100M within the first two Innovation Industries funds.
Marcel Andringa, govt director of PME, says, “Revolutionary startups and scale-ups are important for the competitiveness of the Netherlands, the vitality transition, and a round net-zero economic system. Availability and entry to enterprise capital in all phases of life, from startup to scale-up, is extraordinarily vital for brand new applied sciences to return to fruition. As well as, these firms are totally consistent with our sector.”
PMT: Largest market pension fund
Pensioenfonds Metaal en Techniek (PMT) is the biggest market pension fund within the Netherlands.
The fund works for about 34,000 firms the place practically 420,000 workers are at the moment increase a pension, claims the corporate. The belongings quantity to greater than €75B.
Hartwig Liersch, Chief Funding Officer of PMT, says, “PMT desires to contribute to sustainable employment and prosperity by driving innovation. We notice that with this influence funding. Good for our sector and for our individuals.”
Victor van Will, Portfolio Supervisor MN, says, “It can be crucial that homegrown institutional buyers put money into the way forward for Dutch enterprise. This manner we maintain information and employment right here whereas individuals have the prospect of a great return. We hope that extra pension buyers will comply with the instance of PMT and PME as a result of in the meanwhile they’re nonetheless the exception.”
