Venture capital fund Innovation Industries closes €175 million fund

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 participationof Rabo Corporate Investments, Innovation Industrie brings in a professionalinvestor with sector-specific knowledge and experience in the field of food& agri. This increases the abilities of Innovation Industries to helpentrepreneurs in the food & agri sector with their international growthambitions.

“As a team,we are very happy with Rabo Corporate Investments joining our fund. Just likeRabobank, we see a lot of potential in the Dutch high-tech sector and share thepassion to help companies that are active in this sector to grow intointernational players in a sustainable way. We are not only working on a financialreturn for our investors, but also on a better high-tech ecosystem in theNetherlands," 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 forthe press

AboutInnovation Industries

InnovationIndustries is an independent venture capital investor that provides acceleratorcapital and strategic support to Dutch High Tech, MedTech and Agri&FoodTech businesses with innovative proprietary scientific and engineeringtechnology, solving real-world problems in identifiable markets. InnovationIndustries uses a market-driven approach to create long-term value in hightechnology 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