Cottonwood Technology Fund

Last updated
Cottonwood Technology Fund
Company type Private
Industry Venture capital
Founded2010;14 years ago (2010)
FounderDavid Blivin
Headquarters
Area served
United States, Europe
Products Venture capital
Website www.cottonwood.vc

Cottonwood Technology Fund is a venture capital firm with offices in Santa Fe, New Mexico, United States, and Enschede, the Netherlands. [1] It makes impact investments in deep tech, hardware and high tech. Cottonwood recently closed its third investment fund. [2]

Contents

History

Cottonwood Technology Fund was founded by David Blivin in 2010 in Santa Fe, New Mexico. [3]

In 2014, Cottonwood expanded its operations to Europe. [4] Its European headquarters is located on the innovation campus of the University of Twente in Enschede, the Netherlands. It is led by Alain le Loux, who is a former Member of the Executive Committee of Getronics PinkRoccade and has served as CEO of multiple startups. [5]

In November 2020, Cottonwood announced the opening of its third investment fund. [6] Investors in Cottonwood include Koninklijke KPN and Caterpillar. [7]

Investments

Cottonwood Technology Fund specializes in seed stage and early stage investments in private companies. [8]

Its portfolio is mainly in photonics, electronics, advanced materials, nanotechnology, medical technology, advanced manufacturing, robotics, clean technology and the renewable energy transition. [9]

Cottonwood has invested in over 20 companies since 2010, including Skorpios Technologies, BayoTech, Sarcos Robotics, Infinitum Electric, SoundEnergy, OPNT and Eurekite. [10]

In 2019, their portfolio company Exagen Inc. exited in an initial public offering (Nasdaq: XGN). [11] [12]

See also

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References

  1. "American VC firm CTF opens European office in Enschede with €10M early stage investment fund". StartupJuncture. 21 May 2014. Retrieved 6 February 2021.
  2. "Cottonwood Technology Fund announces new VC fund; plans to invest in North European tech startups". The Financial Courant. 8 November 2020. Retrieved 6 February 2021.[ permanent dead link ]
  3. "Cottonwood Technology Fund". Unicorn Nest. 6 February 2021. Retrieved 6 February 2021.
  4. "Cottonwood zoekt honderd miljoen voor techstarters". Bits&Chips. 22 May 2018. Retrieved 6 February 2021.
  5. "Dutch Startup Changemakers: Alain le Loux". Leapfunder. 8 June 2020. Retrieved 6 February 2021.
  6. "Cottonwood Technology Fund hits first close for Fund III, could collect up to €100m | AltAssets Private Equity News". 2020-11-06. Retrieved 2022-06-08.
  7. "Kans voor ontwikkeling Twentse patenten: Cottonwood zoekt 100 miljoen". 1Twente (in Dutch). Retrieved 2022-06-08.
  8. "Cottonwood raising 3rd capital venture fund". Albuquerque Journal. 30 October 2020. Retrieved 6 February 2021.
  9. "Cottonwood Technology Fund opens third high-tech fund". Kennispark Twente. 25 November 2020. Retrieved 6 February 2021.
  10. "Cottonwood Technology Fund participeert in investering van 157 miljoen in waterstofbedrijf BayoTech". Link Magazine. 12 January 2021. Retrieved 6 February 2021.
  11. "Exagen Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares" (Press release). GlobeNewswire. 23 September 2019. Retrieved 6 February 2021.
  12. "Exagen: Promising Growth Story". Seeking Alpha. 20 September 2019. Retrieved 6 February 2021.