Global early-stage venture capital firm Riceberg Ventures has introduced a dedicated $20 million fund aimed at advancing innovation in critical deeptech sectors, including spacetech, artificial intelligence (AI), cybersecurity, novel energy solutions, semiconductors, and quantum computing.
This strategic move underscores Riceberg Ventures’ commitment to nurturing transformative technologies and supporting startups operating in research-intensive domains.
The newly launched fund, supported by a consortium of Limited Partners, is designed to address the unique challenges faced by early-stage startups, particularly those in industries that require extensive research and have lengthy development cycles. These sectors often face a pronounced funding gap, as traditional investment models may shy away from the high-risk, high-reward nature of such ventures.
Riceberg Ventures aims to bridge this gap by providing critical financial support and strategic guidance to promising startups poised to reshape the technological landscape.The fund plans to invest in 25 to 30 startups across the globe, with an average ticket size of $500,000 per investment. This targeted approach allows Riceberg Ventures to concentrate its resources on high-potential enterprises while maintaining the flexibility to explore a diverse range of innovative solutions.
By focusing on emerging technologies, the firm aims to create a portfolio that drives significant advancements in both scientific research and commercial applications.
