Faber, a Lisbon-based venture capital firm, has successfully raised €20.5 million for its second fund, with the aim of backing early-stage tech startups throughout Europe. This amount exceeds the initial target of €18 million, demonstrating a strong interest from investors. The fund, named Faber Tech II, will invest between €500,000 and €2.5 million in seed to series A companies, focusing on areas such as digital health, industrial tech, and software as a service (SaaS).
Faber’s first fund, initiated in 2013, has been invested in 24 companies across Europe, including Unbabel, Codacy, and Seedrs. The success of these investments has been instrumental in attracting investors to the second fund. Faber’s portfolio companies have raised over €130 million in follow-on funding, indicating the firm’s ability to identify and support promising startups.
The new fund has already been put to use, with investments in eight startups, including SWORD Health, a digital physiotherapy platform, and YData, a data privacy startup. Faber continues to seek out innovative tech startups across Europe, aiming to support the growth and development of the European tech ecosystem.
Go to source article: https://tech.eu/brief/faber-second-fund/