Vanagon Ventures Closes €20 Million Debut Fund for European DeepTech

Vanagon Ventures has announced the final close of its debut fund at €20 million to anchor the next generation of European technology. Based in Munich, the firm focuses on pre-seed DeepTech and AI-native startups throughout the DACH region. This capital aims to support relentless founders during the earliest and most volatile stages of company building.

The firm explicitly rejects the legacy venture capital playbook that often relies on software-centric metrics for deep-tech evaluation. Instead, Vanagon invests based on technical conviction and the potential for long-term industrial impact. They offer initial checks of up to €500,000 and frequently act as lead investors to catalyze further funding rounds for their portfolio.

Managed by experienced operators rather than career financiers, the team provides hands-on support through their Deepdrive Platform. This internal network connects founders with unicorn builders and senior executives from global technology leaders. They emphasize a partner-first approach, maintaining direct communication lines to assist when scaling becomes difficult or technical hurdles arise.

Current portfolio highlights include Holy Technologies, which is developing autonomous factories for lightweight components, and ExoMatter, an AI-powered materials research platform. The fund also backs ecological innovation through firms like The Landbanking Group, which treats natural capital as a formal asset class. These investments reflect a strategic commitment to technologies that solve fundamental problems in manufacturing and nature.