Cottonwood Technology Fund III closes above its $75M target
Fund News | Press Releases

Cottonwood Technology Fund, specialized in funding seed-stage deep tech and hard science startups, is pleased to announce the oversubscribed final close of its third fund. More than 40 new Limited Partners from Benelux, Germany, Switzerland and the United States have joined Fund III, alongside the majority of current Fund II investors such as Merrion Family Office, Caterpillar Ventures, KPN Ventures and the State of New Mexico. Cottonwood Technology Fund is consistently recognized as a top-performing venture capital fund. It is one of the few venture capital funds in the world willing to invest in (pre-)seed-stage deeptech and hard science startups. The fund has offices in Santa Fe, New Mexico (USA) and on the innovation campus of the University of Twente in Enschede (the Netherlands). Its third fund will focus on businesses originating across the Southwest USA and Northwest Europe, regions that include numerous national laboratories, major research universities and research centers; and yet get little attention from the traditional venture community. Cottonwood makes impact investments in companies with patent-based disruptive technologies with the potential to set new industry standards and capture industry leadership positions over time. Current investments include companies active in Photonics, Micro- and Nanoelectronics, Advanced Materials, Nanotechnology, Health Sciences, Sustainable Energy, Advanced Manufacturing and Robotics. “It’s an honor to have received so much support from such a sophisticated collection of seasoned investors. Many also want to invest directly in our portfolio companies by adding to next funding rounds as our portfolio companies grow. We have never been in a stronger position to support our portfolio companies from beginning to end,’’ said David Blivin, Managing Director of Cottonwood Technology Fund III. “We are excited about Fund III’s new investments in potential global tech leaders like Sencure (biometric sensor chips), mPower Technology (space-based solar power) and Circular Genomics (circular RNAs for neurological disorders). With Fund III we are also able to invest in the fastest-growing Fund II portfolio companies such as BayoTech (distributed hydrogen production) and Infinitum Electric (disruptive electric motors). We joined the latest C-rounds of both companies,” said Alain le Loux, General Partner of Cottonwood Technology Fund III in Europe.   About Cottonwood Technology Fund Cottonwood Technology Fund is an early-stage venture capital fund. Its investment focus is on hard science and deeptech, providing (pre-)seed and early-stage funding to IP-driven companies. Cottonwood makes impact investments in Key Enabling Technologies like Photonics, Micro- and Nanoelectronics, Advanced Materials, Nanotechnology, Medical Technology, Cleantech, Energy, Advanced Manufacturing and Robotics. Its regional focus is Southwest USA and Northwest Europe. Current and prior investments include Sarcos Robotics (NASDAQ: STRC), Sencure, Skorpios Technologies, FibeRio (acquired by Clarcor), xF Technologies, Flexiramics, BayoTech, Respira Therapeutics (sold to Prana Bio), Infinitum Electric, TriLumina (acquired by Lumentum), SoundEnergy, Exagen (NASDAQ: XGN) and OPNT. For more information, please visit our website: www.cottonwood.vc Press Contact David Blivin, Managing Director dave@cottonwood.vc +1 505 412 8537 Alain le Loux, General Partner alain@cottonwood.vc +31 53 82 00 798

Sencure
We are gladly having Cottonwood Technology Fund on board as lead investor. They are very supportive on aligning strategy and execution. The first year they ...
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Jurryt Vellinga, CEO
Sencure BV
We are gladly having Cottonwood Technology Fund on board as lead investor. They are very supportive on aligning strategy and execution. The first year they brought in already 8 corporates as potential customer. We are surprised every time about their extensive entrepreneurial mindset, business experience and global network of Cottonwood. They have been very smart people and 24/7 supportive.
Sencure
Jurryt Vellinga, CEO
Sencure BV
BayoTech
We would not exist, or certainly not in New Mexico, if it were not for Cottonwood. Until Cottonwood got involved we struggled to get attention ...
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Justin Eisenbach, President and CEO
Bayotech Corp
We would not exist, or certainly not in New Mexico, if it were not for Cottonwood. Until Cottonwood got involved we struggled to get attention from other capital providers. Cottonwood has been a real catalyst, beyond their money, to upgrading our management team, opening doors to potential strategic investors and customers and focusing on our market entry strategy. Cottonwood has been a great partner in driving our success in every area. I truly believe they wake up every day looking for ways and ideas that can support our success.
BayoTech
Justin Eisenbach, President and CEO
Bayotech Corp
Skorpios Technologies, Inc.
Cottonwood began working with me a year before they closed their first fund. Even though they weren’t initially in a position to invest they...
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Steve Krasulick, President & CEO
Skorpios Technologies
Cottonwood began working with me a year before they closed their first fund. Even though they weren’t initially in a position to invest they still opened doors to potential investors and customers, and assisted with the fund raising strategy and execution plan. Once their fund was closed they took an aggressive lead role in pulling together our first round and helping us launch the company. Now after having raised almost $150M they continue to support our growth, provide valuable advice and open doors to additional resources as we need them. We have been fortunate to have Cottonwood as a partner in building our company.
Skorpios Technologies, Inc.
Steve Krasulick, President & CEO
Skorpios Technologies