European venture capital firm Nauta has secured €60 million in the first close of its sixth fund, marking another step in its efforts to finance early-stage technology companies across Europe. The London-based investor is targeting a final fund size of €150 million to €200 million, with fundraising expected to conclude in the second half of 2027.

The new fund will invest in business-to-business (B2B) software and DeepTech startups, maintaining Nauta’s approach of supporting companies from pre-seed through Series A.

British Business Bank Anchors Fund With €30 Million

The British Business Bank has committed €30 million to the new fund, accounting for half of the capital secured in the first close.

This is the fourth consecutive Nauta fund backed by the UK’s economic development bank, extending a relationship that has helped strengthen the venture capital firm’s presence in the British technology ecosystem.

Other investors participating in the fundraising include SETT, Merifin Capital and Institut Català de Finances. The fund has also attracted institutional investors and family offices from the UK, continental Europe, Latin America and the Middle East.

Michael Laycock, Investment Director, Funds, at the British Business Bank, highlighted how the relationship has supported investment activity in the UK.

“Our long-standing partnership with Nauta Capital demonstrates the role the British Business Bank can play in attracting international investors to the UK,” Laycock said.

He also pointed to Nauta’s growing London presence and the UK’s importance within its investment strategy, noting that such partnerships bring additional capital, expertise and international connections to British businesses.

New Fund to Focus on B2B Software and DeepTech

Nauta’s sixth fund will continue investing in capital-efficient B2B software businesses, particularly those developing products and services for industries such as travel, finance, retail and human resources.

The firm typically makes initial investments ranging from €250,000 to €4 million, supporting companies from their earliest stages through Series A.

Alongside its software investments, Nauta will maintain a dedicated focus on DeepTech through its Nauta Capital Labs Initiative.

The initiative, which operates as a dedicated investment vehicle within the same fund structure, targets pre-seed companies working on technologies that often require substantial technical development before commercial expansion.

Its priority areas include artificial intelligence infrastructure, high-performance computing, cybersecurity, industrial automation, digital health infrastructure and frontier energy technologies.

By retaining both investment tracks, Nauta is seeking to support businesses developing practical software solutions as well as companies working on more technically complex innovations.

From Quantum Computing to AI-Powered Travel Platforms

Nauta’s existing portfolio offers an indication of the different technologies and business models it has supported.

Among its DeepTech investments is Universal Quantum, a company developing a million-qubit quantum computer. The business raised €89 million ($100 million) in Series A funding earlier in October 2026.

Another portfolio company, Berlin-based NetBird, develops open-source cybersecurity technology. Nauta first supported the business at the pre-seed stage, before it subsequently raised €8.5 million ($10 million) in Series A financing.

The firm’s software investments also extend into the travel industry.

Unravel operates an AI-powered travel discovery and booking platform, while Acai Travel uses AI agents to provide customer support for travel businesses. Lodgify, another company in Nauta’s portfolio, develops software for managing short-term rental properties.

Two Decades of Investing and Nearly €3 Billion in Exit Value

Founded in 2004, Nauta has spent more than two decades investing in early-stage technology businesses across Europe.

Over that period, the firm has backed more than 200 founders across 100 companies and recorded over 25 exits, generating nearly €3 billion in cumulative exit value.

Notable exits include Brandwatch, Holded and Connectbase.

The launch of a sixth fund comes after multiple shifts in the technology industry, with Nauta continuing to adapt its investment focus while maintaining an emphasis on early-stage businesses.

Carles Ferrer Roqueta, General Partner at Nauta, said the firm’s approach has been shaped by its experience investing through different technological cycles.

“Having invested through every major technology shift since the early 2000s, we’ve learned that enduring venture firms are built on discipline, adaptability and long-term conviction,” he said.

He added that reaching a sixth fund represents an important milestone, while expressing confidence in the opportunities emerging from the next generation of European technology companies.

€200 Million Target Could Bring Assets Under Management Near €750 Million

With €60 million secured, Nauta will continue raising capital toward its target of €150 million to €200 million.

The first close represents 40% of the lower end of that range and 30% of the upper end, leaving between €90 million and €140 million to be raised if the firm is to reach its stated target.

The final close is anticipated in the second half of 2027.

If Nauta achieves its fundraising objective, its total assets under management are expected to approach €750 million.

The target gives the firm room to expand its investments in early-stage businesses while continuing to support companies already within its portfolio.

European DeepTech Investment Gains Ground

Nauta’s latest fundraising comes during a period of growing investor interest in European DeepTech companies.

According to the 2026 European Deep Tech Report, DeepTech businesses now account for nearly one-third of venture capital investment in Europe, more than double their share a decade earlier.

However, the growth in investment has not eliminated a significant funding challenge. Much of the late-stage capital available to European DeepTech businesses continues to originate outside the region.

For early-stage investors such as Nauta, the opportunity lies in identifying and supporting promising businesses well before they reach the larger funding rounds required to expand.

With its sixth fund, Nauta is continuing that approach, combining investments in established software markets with an interest in technologies that could shape future industries.

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