Former NGP Capital investor launches a €100 million deeptech fund targeting Europe and the United States
Executive summary: An ex‑NGP Capital investor will run a new €100 million deeptech fund for Europe and the US under the Uplift Ventures banner, a Jungheinrich subsidiary. The fund adds sizable capital to the early‑stage deeptech pipeline in two major markets and reflects a growing trend of industrial corporates establishing dedicated venture arms.
Who is involved: Former NGP Capital partner (unnamed), Jungheinrich AG, Uplift Ventures (subsidiary), Christian Noske (fund manager).
Likely next: The fund will begin fundraising and is expected to announce its first close and initial investments in the coming quarters.
The announcement reveals a new €100 million deeptech vehicle led by an ex‑NGP Capital partner, signalling continued appetite for early‑stage hard‑tech investing across the Atlantic. The fund will be managed under the Uplift Ventures brand, a subsidiary of German industrial group Jungheinrich, which has simultaneously disclosed its own €100 million venture commitment. This dual disclosure suggests a coordinated corporate‑venture push into deep technology. No regulatory or market‑moving details beyond the fund size and geography were disclosed.
Timeline
- — Ex‑NGP Capital investor to run new €100m deeptech fund for Europe and US (Sifted — EU startups)
Analysis — what this means
Likely next events
- First close of the €100 million fund targeted for Q4 2026 (based on typical corporate‑venture timelines).
- Announcement of first portfolio investments in deeptech startups across Europe and the US.
Sectors affected
- Deep technology venture capital
- Industrial automation and robotics
- European and US early‑stage startup ecosystems
Regulatory implications
- Fund will operate under EU AIFMD and US SEC venture‑fund regulations; no new policy changes indicated.
Historical parallels
- Bosch Ventures launch (2013) – corporate deeptech fund of similar size.
- Siemens Next47 fund (2016) – €100 million corporate venture vehicle.
Key entities
Sources
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