Uplift Ventures launches €100M fund to back European deeptech startups

Uplift Ventures has unveiled its first €100 million venture capital fund to support Europe's deeptech startups. The new fund targets the late Seed and Series A stages, addressing a significant financing gap for ambitious deeptech companies. Uplift Ventures aims to invest in up to 20 startups and partner with selected deeptech funds, forming a global network that supports founders beyond the initial capital injection.

Founded by Christian Noske, the VC firm concentrates on transformative technologies in Physical AI, Energy, Enterprise AI, and Logistics, primarily investing in Europe and the US. Noske, who brings over a decade of deeptech investment experience, has backed over 30 startups across various sectors. Prior to joining Uplift Ventures, he held leadership positions at NGP Capital, BMW i Ventures, and Alliance Ventures, investing in companies such as The Exploration Company, ANYbotics, Tekion, Dataloop, and WeRide.

Noske also hosts the popular deeptech podcast "DeepTech Unleashed." The investment landscape for deeptech remains concentrated in later-stage funding rounds and a few prominent companies. Uplift Ventures aims to provide dedicated partners to category leaders at an earlier stage, taking a flexible investment approach as lead or co-lead investors based on the needs of founders and the financing round.

The fund is supported by Jungheinrich, demonstrating a long-term commitment to Uplift Ventures' strategy and purpose in backing European deeptech innovation.