London-based AP Ventures closes $300m industrial technology fund
By Kai Marek
The London-based manager closed its third fund at $300m, about €269m, to back early-stage industrial technology.
AP Ventures Fund III
London, United Kingdom
€269m
VC fund
Pre-Seed, Seed, Series A · Industrial Tech, Climate & Energy
London-based manager AP Ventures announced in a press release that its "AP Ventures Fund III" reached a final close on October 28, with a total volume of $300 million (€269 million). The fund manager invests in early-stage industrial technology companies, ranging from pre-seed to Series A.
The first close took place in 2024; by the time of the final close, the fund had already invested in 13 portfolio companies. According to AltAssets, the predecessor fund had a volume of $316 million.
AP Ventures was founded in 2018. The firm states that its investor base includes global institutional investors, such as sovereign wealth funds, corporations, pension funds, and family offices.
In the "Close Index" database, this €269 million volume places the fund above 86% of the venture capital funds tracked therein. The database lists 92 VC funds categorized under "Industrial Tech," "Industry," or "Climate and Energy."
Investors are increasingly turning toward sectors in which Europe already possesses genuine competitive advantages. Such as industrial expertise, research institutions, and established infrastructure.