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btov raises €100m

The European venture capital firm closes one of the largest industrial tech funds dedicated to European companies.

btov Partners has held a final close of Industrial Technologies Fund at its €100 million target. According to the firm, the fund is one of the largest Europe-focused venture capital funds dedicated exclusively to industrial technologies.

The fund’s investor base comprises entrepreneurs, family offices, endowments, corporate investors, and banks based in European countries including Germany, Switzerland, Austria, Denmark, Luxembourg, France and Turkey. The European Investment Fund, LfA Foerderbank Bayern and NRW.Bank have each disclosed commitments to the fund.