Cottonwood Technology Fund IV, an early-stage venture capital fund, has closed the first round of its fourth investment fund at $25M (approximately €23M). The fund received backing from Caterpillar Ventures, The Merrion Oil & Gas Family, Dutch regional investor NOM, Netherlands Enterprise Agency (RVO), and over 20 other entrepreneurs and family offices. The fund, focused on deep-tech industries, aims to raise $80M to support early-stage B2B startups in hardware technologies across the Southwest United States and Northwest Europe. This fund builds on the success of Fund III, with a focus on global growth and addressing major global challenges.
Led by General Partner Alain le Loux, Cottonwood Technology Fund is committed to making impact investments in key enabling technologies, such as advanced materials, nanotechnology, and clean energy. The fund has a track record of investing in innovative startups, including Skorpios Technologies, Sarcos Robotics, and Infinitum Electric. Managing Partner Dave Blivin emphasizes the importance of supporting hard tech startups, highlighting the gap left by traditional venture firms focusing on software technologies. Recognizing the longer growth trajectory of hard tech startups, Blivin values the patient support of Cottonwood’s investors in driving long-term disruptive impact.
Cottonwood Technology Fund’s investment strategy has been successful in fostering economic and sustainable growth, with a focus on creating a better world through impactful technologies. The fund’s commitment to providing seed stage capital in both the US and Europe demonstrates its dedication to supporting innovative solutions to global challenges in deep-tech industries.
Overall, Cottonwood Technology Fund IV’s successful first close marks a significant step towards supporting early-stage startups in key enabling technologies and driving sustainable impact in the tech industry.
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