Innovation Industries raises 175 million for second fund

Reading time: 1 minute


Innovation Industries has closed fundraising for its second fund (link in Dutch) with Rabo Corporate Investments as its leading investor. Other investors are PME and PMT, the four Dutch technical universities and TNO. Currently, the fund holds 250 million euros under management for investments in Dutch technology-driven companies.

Since 2017, Innovation Industries has built a portfolio of 16 Dutch companies that are active in high tech, med-tech and food and agri tech. It plans to add around 15 new companies in the coming years. The fund enables companies to accelerate from the startup phase to profitability.

Current Innovation Industries investments include audio control specialist Axign from Enschede. Credit: Axign

Rabo Corporate Investments brings in sector-specific knowledge and experience in the field of food and agri. Harm de Vries, partner at Innovation Industries, comments: “Just like Rabobank, we see a lot of potential in the Dutch high-tech sector and share the passion to help companies that are active in this sector to grow into international players in a sustainable way.”

Francis Quint, Global Head of Rabo Corporate Investments, adds: “By participating in Innovation Industries, we stimulate entrepreneurship and innovation in the Dutch high-tech sector. Our commitment to this fund fits well with Rabobank’s strategy to provide broader support for the startup and scale-up ecosystem in the Netherlands.”