Germany’s Vsquared is taking on Atomico and Balderton on their London home turf
One of Europe’s oldest deep-tech specialists is opening a London office, and pitching it as a fresh expansion into new territory. Companies House tells a slightly different story. Vsquared Ventures, founded in Munich and known for raising one of Europe’s largest early-stage deep-tech funds, quietly incorporated its UK entity back in October 2024, some 18 months before it said a word in public.
The firm has been building in London far longer than the announcement lets on.
The move puts Vsquared, which manages more than €450m across nearly 50 companies in 13 countries, in direct competition with two London-native giants: Atomico, the firm founded by Skype co-founder Niklas Zennström with $4.7bn under management, and Balderton Capital, which has raised $4.5bn since 2000. Its pitch against them is focus.
Where the incumbents back deep tech as one slice of a broader portfolio, Vsquared writes only deep-tech cheques, from pre-seed to...
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