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Faber launches third VC fund with $34M first close, aims for $64M
Faber Tech Fund III will target pre-seed and seed-stage startups in deep tech, AI, robotics and biotech across Portugal, Spain and the Netherlands.
Alexandre Barbosa, managing partner at Faber, told TechCrunch that the new fund is meant to focus particularly on deep tech, AI/ML and data-related technologies. The firm’s thesis, Barbosa said, is backed by the fact that scientific and technical talent continues to flow towards Southern Europe, especially given that Portugal and Spain are among the top five destinations for exchange programs. “Maintaining Europe’s technological edge is critical to ensuring the region’s security and resilience,” Chris O’Connor, managing partner of the NATO Innovation Fund, said in a statement.
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