Key Takeaways
- • Nauta has announced a €60 million first close for its sixth venture capital fund, Fund VI, with a target of €150 million to €200 million expected in the second half of 2027.
- • The British Business Bank is anchor limited partner, its fourth investment in a Nauta fund; other first-close investors include SETT, Merifin Capital, Institut Català de Finances, and institutions and family offices across the UK, Continental Europe, Latin America and the Middle East.
- • About three-quarters of first-close investors are returning LPs from prior Nauta funds, and the full raise would take the firm's total AUM to about €750 million.
- • Fund VI will back pre-seed to Series A B2B software and deep tech companies, with its portfolio having generated nearly €3 billion in exit value across more than 25 exits.
Summary
Nauta has announced the first close of its sixth venture capital fund at €60 million, a milestone the firm said marks more than 20 years of investing in European technology companies. Fund VI will back B2B software and deep tech companies from pre-seed through Series A. The British Business Bank serves as an anchor limited partner, marking the fourth time it has invested in a Nauta fund. Other investors in the first close include SETT, Merifin Capital, Institut Català de Finances, and institutions and family offices across the UK, Continental Europe, Latin America and the Middle East. Roughly three-quarters of first-close investors are returning LPs, with the remainder new to the firm.
Nauta expects to grow Fund VI to between €150 million and €200 million in the second half of 2027, which would bring the firm's total assets under management to about €750 million. The firm raised its first €50 million institutional venture fund in 2006 and has since invested through shifts in mobile, cloud computing, artificial intelligence, automation and quantum computing. It has also established opportunity funds that let investors increase exposure to selected portfolio companies. With offices in London and Barcelona, Nauta says it has backed more than 200 founders across 100 companies, and its portfolio has generated nearly €3 billion in exit value through more than 25 exits, including Brandwatch, Holded and Connectbase.
The primary strategy centers on capital-efficient B2B software companies targeting large vertical markets such as travel, financial services, retail and human resources. Through Nauta Labs, which operates within the same fund, the firm invests at pre-seed in deep tech across high-performance computing, AI infrastructure, cybersecurity, industrial automation, digital health infrastructure and frontier energy. Portfolio companies cited include Universal Quantum, which is developing a million-qubit quantum computer and recently raised a $100 million Series A that Nauta described as the largest Series A by a UK-headquartered quantum computing company; Lodgify, Unravel, Acai Travel; and NetBird, a Berlin-based open-source cybersecurity company that Nauta backed at pre-seed and which recently raised a $10 million Series A.
Carles Ferrer Roqueta, General Partner at Nauta, said the firm's discipline, adaptability and long-term conviction had enabled it to reach a sixth fund. Michael Laycock, Investment Director, Funds at the British Business Bank, said the long-standing partnership demonstrates the bank's role in attracting international investors to the UK and that Nauta has built a substantial London presence since its first commitment.
Nauta expects to grow Fund VI to between €150 million and €200 million in the second half of 2027, which would bring the firm's total assets under management to about €750 million. The firm raised its first €50 million institutional venture fund in 2006 and has since invested through shifts in mobile, cloud computing, artificial intelligence, automation and quantum computing. It has also established opportunity funds that let investors increase exposure to selected portfolio companies. With offices in London and Barcelona, Nauta says it has backed more than 200 founders across 100 companies, and its portfolio has generated nearly €3 billion in exit value through more than 25 exits, including Brandwatch, Holded and Connectbase.
The primary strategy centers on capital-efficient B2B software companies targeting large vertical markets such as travel, financial services, retail and human resources. Through Nauta Labs, which operates within the same fund, the firm invests at pre-seed in deep tech across high-performance computing, AI infrastructure, cybersecurity, industrial automation, digital health infrastructure and frontier energy. Portfolio companies cited include Universal Quantum, which is developing a million-qubit quantum computer and recently raised a $100 million Series A that Nauta described as the largest Series A by a UK-headquartered quantum computing company; Lodgify, Unravel, Acai Travel; and NetBird, a Berlin-based open-source cybersecurity company that Nauta backed at pre-seed and which recently raised a $10 million Series A.
Carles Ferrer Roqueta, General Partner at Nauta, said the firm's discipline, adaptability and long-term conviction had enabled it to reach a sixth fund. Michael Laycock, Investment Director, Funds at the British Business Bank, said the long-standing partnership demonstrates the bank's role in attracting international investors to the UK and that Nauta has built a substantial London presence since its first commitment.
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