Lisbon-based venture capital firm, Faber, has launched a new €60 million fund called Faber Tech III.
The fund, with an initial closing of €31 million, is focused on early-stage deep tech startups in Southern Europe.
Faber aims to bridge the gap in specialized seed capital in the region and support transformative startups in sectors like AI, robotics, and next-gen computing.
The fund's first investments will be in companies from Portugal, Spain, and the Netherlands working on advanced technologies like photonic chips and synthetic biology.