Venture capital fund Innovation Industries closes €175 million fund. Rabo Corporate Investments participates as investor
27 Feb 2020

Amsterdam, 27 February 2020 – Innovation Industries has successfully closed its fundraising for its second fund with the participation of Rabo Corporate Investments and several other investors, bringing the total capital under management to €250 million.

Innovation Industries has successfully closed its fundraising for its second fund with the participation of Rabo Corporate Investments and several other investors, including the four Dutch technical universities and TNO. Apart from Rabo Corporate Investments, the fund’s leading investors are the pension funds PME and PMT. Innovation Industries currently holds a total of €250 million under management for investments in Dutch technology driven companies.

Since 2017, Innovation Industries has built a portfolio of 16 Dutch companies that are active in high-tech, med-tech and food & agri tech. In the coming years, the fund plans to add around 15 new companies to its portfolio. With investments of up to €25 million per company and in-depth knowledge and experience in the fields of technology, high-tech industry and financing, the fund is able to accelerate companies from the start-up phase to profitability.

With the participation of Rabo Corporate Investments, Innovation Industrie brings in a professional investor with sector-specific knowledge and experience in the field of food & agri. This increases the abilities of Innovation Industries to help entrepreneurs in the food & agri sector with their international growth ambitions.

“As a team, we are very happy with Rabo Corporate Investments joining our fund. Just like Rabobank, we see a lot of potential in the Dutch high-tech sector and share the passion to help companies that are active in this sector to grow into international players in a sustainable way. We are not only working on a financial return for our investors, but also on a better high-tech ecosystem in the Netherlands,” says Harm de Vries, partner at Innovation Industries.

“By participating in Innovation Industries, we stimulate entrepreneurship and innovation in the Dutch high-tech sector. Our commitment to this fund fits well with Rabobank’s strategy to provide broader support for the start-up and scale-up ecosystem in the Netherlands. Rabobank is currently providing this support with its start-up and scale-up teams in Amsterdam, Eindhoven, Delft and Enschede. The prominent presence of Innovation Industries in Eindhoven also fits nicely with Rabobank’s ambition for Brainport Eindhoven. The venture capital fund’s experience with high -tech hardware investments is a good addition to Rabo Corporate Investments’ focus on food & agri,” said Francis Quint, Global Head of Rabo Corporate Investments.

Note for the press

About Innovation Industries

Innovation Industries is an independent venture capital investor that provides accelerator capital and strategic support to Dutch High Tech, MedTech and Agri&Food Tech businesses with innovative proprietary scientific and engineering technology, solving real-world problems in identifiable markets. Innovation Industries uses a market-driven approach to create long-term value in high technology start-up and scale-up companies.

For further information about Innovation Industries’ portfolio please visit:
https://www.innovationindustries.com/companies

About Rabo Corporate Investments

Rabo Corporate Investments, the investment vbranche of Rabobank, has invested over € 1.4 billion in food & argi tech world wide. These investments vary from growth captial for start-ups and scale-ups to (co-)investments in larger companies and funds.

For more information please visit:
www.rabocorporateinvestments.com