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Cottonwood Technology Fund

Cottonwood Technology Fund is a venture capital firm with offices in Santa Fe (New Mexico), Denver (Colorado) and Enschede, the Netherlands.[1] It makes impact investments in deep tech, hardware and high tech. Cottonwood closed its third investment fund in 2020 [2] and its fourth fund in 2025.

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, quantum, 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, Keiron Printing Technlogies, Orange Quantum Systems, Q*Bird, Reyedar, Sencure, SoundEnergy, OPNT and Flexiramics.[10]

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

See also

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^
  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 2020-11-06, retrieved 2022-06-08^
  7. Kans voor ontwikkeling Twentse patenten: Cottonwood zoekt 100 miljoen 1Twente, 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 GlobeNewswire, 23 September 2019, retrieved 6 February 2021^
  12. Exagen: Promising Growth Story Seeking Alpha, 20 September 2019, retrieved 6 February 2021^