U2V (University2Ventures) has announced a first close of its inaugural venture fund, Fund I, which is targeting €60m to invest in pre-seed and seed deeptech university spin-offs across Europe. The fund focuses on startups emerging from academic research that are developing technologies with industrial and commercial applications.

Benefits

Startups backed by U2V receive early-stage venture capital and access to an industrial network that the fund says includes more than 500 corporate partners. The fund’s model is built around supporting early technical validation, pilot projects and go-to-market development, particularly for technologies requiring close collaboration with industry.

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U2V also works closely with European universities and technology transfer offices, highlighting their relationships with institutions such as TU Munich, ETH Zurich, RWTH Aachen, Oxford, Cambridge, Imperial College London, DTU Denmark, Politecnico di Milano, and École Polytechnique.

Who can apply

The fund targets:

• University spin-offs and startups commercialising academic research
• Companies at the pre-seed or seed stage
• Founders working in AI and novel computing, industrial technologies, and cleantech
• Startups based in Europe, as defined by the fund’s stated geographic scope

How to apply

Founders are encouraged to approach the fund directly through its official channels by sharing a pitch deck and outlining the academic origin of the technology, its commercial potential, and industrial use case.

About the fund

U2V (University2Ventures) was founded by Philipp Semmer, Michael Schmitt, and Johannes Triebs. Fund I is targeting €60m in total; the amount raised at first close has not been disclosed publicly, although the firm has described it as being in the “strong double-digit millions”.

Jungheinrich, through its venture arm Uplift Ventures, is an anchor investor in the fund, alongside family offices, founders and industry executives.