Key Takeaways
- • Nauta, a London-based pan-European VC investing in B2B software and DeepTech from pre-Seed to Series A, announced a €60 million first close of its sixth fund.
- • The British Business Bank acted as anchor investor with a €30 million commitment, its fourth consecutive Nauta fund participation.
- • Three-quarters of first-close investors are returning LPs from previous Nauta funds, per the firm.
- • The fund targets a total size of €150 million to €200 million, with a final close expected in the second half of 2027, which would take Nauta's AUM close to €750 million.
- • Founded in 2004, Nauta has generated nearly €3 billion in exit value across more than 25 exits, including Brandwatch, Holded and Connectbase.
Summary
Nauta, a London-based pan-European venture capital firm, has announced the first close of its sixth fund at €60 million, according to the firm's announcement reported by EU-Startups. The fund invests in B2B software and DeepTech startups from pre-Seed to Series A. The British Business Bank, the UK's economic development bank, acted as anchor investor with a €30 million commitment. It is the fourth consecutive Nauta fund in which the bank has participated. Other limited partners include SETT, Merifin Capital and Institut Català de Finances, alongside institutional investors and family offices across the UK, Continental Europe, LatAm and the Middle East.
Founded in 2004, Nauta is one of Europe's oldest early-stage investors. The firm says it has backed more than 200 founders across 100 companies, writes first tickets between €250k and €4 million, and has generated nearly €3 billion in exit value through more than 25 exits. Its strategy centres on capital-efficient B2B software companies in verticals including travel, finance, retail and HR. Fund VI will also continue the Nauta Capital Labs Initiative, a dedicated vehicle with the same structure for pre-Seed DeepTech companies, with focus areas including high-performance computing, AI infrastructure, cybersecurity, industrial automation, digital health infrastructure and energy frontier technology.
Portfolio highlights cited by the firm include Universal Quantum, which is building a million-qubit quantum computer and recently raised €89 million ($100 million) in Series A funding, and NetBird, a Berlin-based open-source cybersecurity company that raised €8.5 million ($10 million) in Series A after a Nauta pre-Seed investment. Other portfolio companies include Unravel, Acai Travel and Lodgify.
The new vehicle targets a total size of €150 million to €200 million, with a final close expected in the second half of 2027. Nauta's total AUM would approach €750 million once that target is met. According to the 2026 European Deep Tech Report, DeepTech now accounts for nearly a third of all European VC, more than double its share a decade ago, although the majority of late-stage capital still comes from outside Europe. Michael Laycock, Investment Director, Funds at the British Business Bank, said the relationship helps attract international investors to the UK venture market. Carles Ferrer Roqueta, General Partner at Nauta, said the firm's discipline and long-term conviction had enabled it to reach a sixth fund.
Founded in 2004, Nauta is one of Europe's oldest early-stage investors. The firm says it has backed more than 200 founders across 100 companies, writes first tickets between €250k and €4 million, and has generated nearly €3 billion in exit value through more than 25 exits. Its strategy centres on capital-efficient B2B software companies in verticals including travel, finance, retail and HR. Fund VI will also continue the Nauta Capital Labs Initiative, a dedicated vehicle with the same structure for pre-Seed DeepTech companies, with focus areas including high-performance computing, AI infrastructure, cybersecurity, industrial automation, digital health infrastructure and energy frontier technology.
Portfolio highlights cited by the firm include Universal Quantum, which is building a million-qubit quantum computer and recently raised €89 million ($100 million) in Series A funding, and NetBird, a Berlin-based open-source cybersecurity company that raised €8.5 million ($10 million) in Series A after a Nauta pre-Seed investment. Other portfolio companies include Unravel, Acai Travel and Lodgify.
The new vehicle targets a total size of €150 million to €200 million, with a final close expected in the second half of 2027. Nauta's total AUM would approach €750 million once that target is met. According to the 2026 European Deep Tech Report, DeepTech now accounts for nearly a third of all European VC, more than double its share a decade ago, although the majority of late-stage capital still comes from outside Europe. Michael Laycock, Investment Director, Funds at the British Business Bank, said the relationship helps attract international investors to the UK venture market. Carles Ferrer Roqueta, General Partner at Nauta, said the firm's discipline and long-term conviction had enabled it to reach a sixth fund.
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