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With backing from NATO Innovation Fund, OTB Ventures will invest $185 million into European deep tech

OTB Ventures, a venture capital firm focused on deep tech investments in Europe, has closed a $185 million fund. The fund, mostly targeted at Series A-stage startups, will support disruptive technologies in sectors such as space tech, enterprise automation and AI, cybersecurity, and fintech infrastructure. The European Investment Fund and the NATO Innovation Fund were among the backers of the fund, which aims to fuel innovation leveraging Europe's tech talent pool. OTB Ventures' previous fund has already seen successful exits, including the acquisition of BabbleLabs by Cisco and the sale of Minit to Microsoft.

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