Nevermind VC launches with €23.6M first close to back dual-use deeptech startups

What happened

Nevermind (NVM), a VC Fund focused on investing in deeptech dual use frontier technologies in Italy and Europe, has officially launched. NVM Ventures announces a €23.6 million first close for the NVM Venture Lazio compartment, against a final fundraising target of €35 million.

Key investors include Lazio Innova, which committed €18.83 million through Lazio Venture 2, the Lazio Region's fund of funds co-financed by the ERDF Regional Programme 2021–2027, under which the new compartment was selected. The compartment aims to build a portfolio of 10–15 dual-use companies at Pre-Seed and Seed stage working in STEP Technologies, acting mainly as lead investor in startups with international growth potential and with a firm commitment to strengthening the innovation ecosystem of the Lazio Region.