Project Ventures launches €5.8M fund for Imperial College London startups
The alumni-powered VC firm debuts its first fund, backing pre-Seed and Seed DeepTech and AI companies tied to Imperial College London.
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AfroEuropa desk
Project Ventures, an early-stage venture capital firm connected to the Imperial College London ecosystem, has announced its debut fund of €5.8 million (£5 million), according to EU-Startups. The fund targets pre-Seed and Seed-stage companies working at the crossroads of DeepTech and AI.
The firm describes itself as the first independent, alumni-powered VC fund focused specifically on the Imperial startup community. It plans to invest between €116,000 (£100,000) and €349,000 (£300,000) per portfolio company. Three investments have already been completed: Tewke, NexusAM, and Neubond.
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