Vanagon Ventures Announces Final Closing of Fund I

Vanagon Ventures, purpose-built for sovereign-edge technology in Industrial, Nature, and Digital Infrastructure - to seize the €3T DeepTech opportunity in Europe, led by Sandro Stark, Susanne Fromm, and Axel Roitzsch, has announced the final closing of its €20 million Fund I.

The fund targets a structural gap in venture capital by providing pre-seed capital to AI-native and deep tech companies with strong economic potential but non-traditional scaling models. It plans to back around 30 companies and has already made several early investments.

Vanagon invests up to €500,000 in early teams building technologies that support Europe’s sovereignty and sustainability, with a focus on artificial intelligence, quantum computing, robotics, and frontier software.

The firm highlights a shift in venture capital toward earlier-stage value creation, noting that traditional SaaS scaling models are increasingly misaligned with deep tech and AI-driven B2B innovation.

Vanagon Ventures is led by three founding partners combining venture expertise with deep technology insight: serial entrepreneur Axel Roitzsch, former Microsoft strategist Sandro Stark, and Susanne Fromm, an INSEAD MBA with extensive experience in innovation, strategy, and technology investments.

The firm frequently acts as a first or lead investor at the pre-seed stage, supporting portfolio companies with round structuring, market entry, customer acquisition, and access to follow-on financing.

Vanagon Ventures has invested in companies such as Holy Technologies, ExoMatter, and The Landbanking Group, alongside technologies spanning glass-based data storage, AI-driven visual manufacturing inspection, and demand forecasting for the chemical and textile sectors.

The firm positions European deep tech as a strategic driver of technological sovereignty and economic growth, viewing venture capital as a key mechanism for translating innovation into scalable impact.

The anchor investor is Allocator One, a fund-of-funds that backs top emerging managers globally, and selected Vanagon as one of the leading breakout funds of the year. Additional limited partners include family offices, entrepreneurs, tech executives from companies such as Apple and Google, and unicorn founders from the Munich ecosystem.

Vanagon Ventures also works with partners including Orbit, Bird & Bird, and fund administrator ACE Alternatives.