Noctua Raises €15M for Austrian Deeptech Spin-offs

Noctua Science Ventures, a pre-seed fund for research-based deeptech spin-offs from Austria, completed a first closing at €15 million and has begun investing. Backers include ERSTE Group, Verbund and Allocator One. The fund plans up to ten investments a year and can commit up to €500,000 per spin-off as lead investor in the first financing round.