London-based venture firm Cloudberry Ventures has launched a €50 million fund to invest in deeptech startups, advancing its strategy of backing foundational technologies expected to shape the next decade. Led by founding partner Mahir Sahin, the firm will invest from Seed to Series A stages across Europe, North America, Asia, and Australia, prioritizing infrastructure-layer innovations in compute, physical systems, and financial rails. The fund focuses on companies in regulated and mission-critical sectors that develop data-driven software and patented hardware with strong barriers to entry.
Ehsanul Islam, Qualcomm VP Engineering and VP at Cloudberry Ventures, emphasized that intelligent robotics, autonomous systems, and coordinated machine fleets are becoming central to industrial operations. He noted that the infrastructure being built today will define the industrial economy for decades to come. The fund plans ticket sizes of €1–2 million and targets industrial infrastructure, computing infrastructure, and financial infrastructure, supporting fast-moving teams tackling large, durable problems at the core of modern infrastructure.
Cloudberry Ventures has already built a portfolio including Quantum Brilliance, Keyrails, RootCause.ai, Matoha, HYDGEN, Syntiant Corp., Fisent Technologies, Arf, Belfort, and Voltai, and aims to expand with new investments. The firm specializes in deeptech, supporting startups with strong competitive advantages such as patented hardware and data-driven software, essential for building societal and economic infrastructure.
Investments are structured around three key pillars: industrial infrastructure, focusing on advanced materials, energy, circularity, and autonomous manufacturing; financial infrastructure, building next-generation financial systems using blockchain for cross-border settlement, financing, and digital assets; and compute infrastructure, emphasizing next-gen compute innovations such as memory, quantum computing, photonics, and Edge AI. The fund has already invested in Berlin-based Xavveo, which develops 360-degree awareness systems for robotics using photonics radar.
Before launching its second fund, Cloudberry Ventures demonstrated strong performance with Cloudberry Pioneer Investments, achieving an 86% Gross IRR and 2.4x MOIC in 16 months. Key early investments include Keyrails in financial infrastructure, Hydgen in energy, Syntiant in Edge AI, and Quantum Brilliance, which is leading Europe’s largest quantum production line and is preparing its Series B fundraising.
