Kibo Ventures’ €150M fund targets 25 deeptech deals across Europe — TFN

In Europe’s deeptech funding panorama, startups in defence, area, and AI wrestle to safe capital amid U.S. dominance and restricted native exits. The Spanish VC agency addresses this by increasing past its dwelling market, focusing on seed- and Sequence A-stage offers in high-potential areas corresponding to Poland and the Baltics.

It simply achieved a €80m first shut on its fourth fund, with a €150m arduous cap focused by Q2 2026, backed by LPs together with BBVA Spark, Mahou’s founding household, and the European Investment Fund.

Empowering technical B2B founders to create international options from Europe

Aquilino Peña and Javier Torremocha, Kibo’s co-founders and managing companions, draw on deep roots in Spain’s early web and tech ecosystems, having witnessed firsthand how European founders construct modern tech whereas going through scaling hurdles.

Motivated by the necessity to counter U.S.-heavy M&A tendencies, they launched Kibo to bridge capital gaps and champion “European tech for a world market.”

Kibo differentiates by means of a pointy emphasis on information administration, cybersecurity automation, vertical AI functions, and dual-use defence tech. Plus, the VC reserves 40% of the fund for follow-ons and prioritises advanced B2B performs corresponding to industrial robotics (e.g., Theker’s autonomous programs) and AI doc conversion (AnyFormat’s agent-based platform).

Not like broader Spanish friends corresponding to Seaya Ventures and Ok Fund, which span shopper and fintech, Kibo stands out from rivals like Atomico and Northzone by specializing in seed-stage deeptech with a cross-border lens on Jap Europe.

What’s subsequent?

Kibo goals to finish 20-25 investments of round €5m every, with 8-10 exterior Spain, and to rent in Paris, London, and Berlin to bolster sourcing. The agency pushes for extra European company M&A and plans to extend secondaries for LP liquidity, drawing on classes from 2021’s volatility.