Cloudberry Ventures launches €50M deep tech fund
Nordic investment firm Cloudberry Ventures has closed a new €50 million fund dedicated to early-stage AI, compute and infrastructure startups, targeting companies from seed to Series A across Europe. The fund underlines growing investor appetite for the core technologies that power data-intensive applications, cloud services and next-generation machine learning systems.
Backing the backbone of the AI economy
The new vehicle will focus on startups building the technical foundations of the digital economy: advanced semiconductors, cloud infrastructure, developer tooling, data platforms, and enabling layers for artificial intelligence and high-performance compute. Rather than consumer-facing apps, Cloudberry Ventures is positioning itself around the infrastructure stack that allows AI models and data-heavy services to operate at scale.
The firm plans to lead or co-lead rounds from seed through early growth, typically backing founding teams with strong research or engineering backgrounds. Follow-on capital is reserved to support portfolio companies as they progress through subsequent funding rounds.
Strategic timing amid AI infrastructure boom
The €50 million raise comes at a time when demand for GPU clusters, efficient data centers and scalable cloud-native architectures is accelerating. As enterprises race to integrate AI workloads into their operations, pressure is mounting on the underlying infrastructure, creating opportunities for specialist startups in areas such as distributed computing, edge infrastructure and observability.
By concentrating capital and expertise on this segment, Cloudberry Ventures aims to become a key partner for founders building Europe’s next generation of deep tech infrastructure companies. The fund’s strategy aligns with a broader shift in venture capital toward durable, defensible technologies that sit at the core of digital transformation rather than on its surface.