Cottonwood Technology Fund, an early-stage venture capital fund, recently closed its fourth investment fund at $25M (approximately €23M). The fund, backed by Caterpillar Ventures, The Merrion Oil & Gas Family, Dutch regional investor NOM, and others, aims to support B2B startups specializing in hardware technologies across deep-tech industries in the United States and Europe.
Led by Alain le Loux, the fund will focus on creating a diverse portfolio of startups that address major global challenges and aims to raise a total of $80M for this purpose. Cottonwood Technology Fund has a track record of funding innovative technologies in areas like advanced materials, nanotechnology, clean energy, and more.
Founded by Dave Blivin, Cottonwood Technology Fund has been making impact investments in key enabling technologies since 2010. The fund targets opportunities at the Pre-Seed, Seed, and Early Stage levels with ticket sizes ranging from €500,000 to €3M. The fund has previously invested in companies like Sarcos Robotics, BayoTech, and Sencure, among others.
Blivin believes that traditional venture firms have shifted towards software technologies, leaving a gap for hard tech support, especially in the earliest stages. He emphasizes that long-term disruptive impact lies in supporting hard tech companies, despite their longer growth and exit timelines. The fund appreciates the patient support of its investors in this regard.
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