OTB Ventures, a pan-European deep tech venture capital firm, is expanding its operations by opening an office in Luxembourg and integrating three new professionals from the Promus team. This move is expected to strengthen its presence in the region and enhance its investment activities across Europe. With its focus on deep tech sectors, the firm is positioning itself to support innovative companies by leveraging its growing network and expertise. Luxembourg’s increasing role as a technology and investment hub makes it a strategic choice for expansion.
In past announcements, OTB Ventures has highlighted its commitment to Series A and late seed funding, managing a portfolio of over €350 million. The firm has previously invested in companies like ICEYE and Hydrosat while also achieving successful exits with companies such as Minit and BabbleLabs, acquired by Microsoft (NASDAQ:MSFT) and Cisco, respectively. These past investments reflect OTB’s strategy of backing high-potential tech startups and scaling them towards successful acquisitions or market expansions.
What Does the Luxembourg Office Mean for OTB’s Growth?
The Luxembourg office will serve as a base for expanding OTB Ventures’ investment activities in the Benelux region and France. This new office will work alongside the firm’s existing locations in Warsaw and Amsterdam, increasing its operational reach to three key European cities. The additional team members will bring expertise in early-stage investments, specifically in robotics, space technology, enterprise automation, and artificial intelligence.
Who Are the New Team Members and What Will They Bring?
Jeremy Teboul, Estelle Godard, and Kateryna Lopatynska, formerly of Promus, will be joining OTB Ventures. Their experience will complement OTB’s investment strategy, particularly in emerging technology sectors. The firm expects their expertise to enhance its ability to identify and support promising startups in deep tech.
OTB co-founders and managing partners Adam Niewinski and Marcin Hejka expressed their enthusiasm for the expansion:
“We are delighted to welcome Jeremy, Estelle, and Kateryna to the team as we expand our presence with our new Luxembourg office. Their addition strengthens OTB’s ability to support breakthrough innovation across Europe. With their presence and capabilities, OTB Ventures further solidifies its position as a leading pan-European deep tech investor.”
The new partner at OTB Ventures, Jeremy Teboul, highlighted Luxembourg’s significance for deep tech investments:
“Luxembourg is rapidly emerging as a critical hub for deep tech innovation, offering a strong ecosystem supported by institutional backing and a thriving space sector. We are excited to contribute to the launch of OTB Ventures’ Luxembourg office as the firm expands its reach into key markets such as the Benelux and France.”
OTB’s expansion into Luxembourg aligns with the increasing global focus on deep tech investments. The city’s institutional support and robust space industry create an environment conducive to venture capital activities. As the firm strengthens its footprint, it is likely to attract more early-stage startups, further diversifying its portfolio. The addition of new team members specializing in pre-seed and seed-stage investments indicates a strategic shift towards broader engagement with early-stage ventures. Given the firm’s previous successful exits, this move could lead to significant deals in the future.
