Investors / NATO Innovation Fund
NATO Innovation Fund
Venture capital
The NATO Innovation Fund is a standalone venture capital firm launched by NATO and backed by 24 Allied nations, with €1 billion in assets under management. It invests directly in deep tech, dual-use companies and also backs specialist funds across Allied nations.
Invests inAI & Machine Learning
In its own wordsdeep techdual-usedefencesecurityresiliencespace
Your fit with NATO Innovation Fund
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See how your round matches what it backs, point by point.
Or find every investor that fitsNATO Innovation Fund lists 27 checked portfolio companies on its own site and is named in 23 funding rounds, 9 of them as lead. Its most frequent entry is Series A, 59% of the companies with a known first round. Its largest themes are AI & Machine Learning (57%), Industrial & Manufacturing (14%) and Healthcare & Biotech (8%). 40% of its companies are based in United Kingdom. It invests most often alongside IQT, Join Capital and 8VC.
Counts come from funding rounds that name NATO Innovation Fund, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 18% |
| Series A | 59% |
| Series B | 18% |
| Growth | 6% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 2 | 0 |
| '25 | 7 | 4 |
| '26 | 14 | 5 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 64th | 27 companies |
| Recent activity | 97th | 14 rounds in 12 months |
| Early stage | 57th | 18% of entries at pre-seed or seed |
| Evidence | 100th | 52% of companies confirmed by a round |
| Sector focus | 87th | 57% in its largest sector |
| Reach | 97th | 12 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 57% | 18% |
| Industrial & Manufacturing | 14% | 7% |
| Healthcare & Biotech | 8% | 15% |
| Robotics & Hardware | 6% | 1% |
| Fintech | 4% | 12% |
| E-commerce & Marketplaces | 4% | 5% |
| Education | 2% | 7% |
| Cybersecurity | 2% | 4% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| IQT | 4 |
| Join Capital | 4 |
| 8VC | 3 |
| British Business Bank | 3 |
| 10x Group | 2 |
| CDP Venture Capital | 2 |
| D3 | 2 |
| E2MC Ventures | 2 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers27100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare NATO Innovation Fund head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with NATO Innovation Fund| Date | Company | Stage |
|---|---|---|
| 23 Sept 2026 | Series C+ | |
| 21 Sept 2026 | Series A | |
| 17 Sept 2026 | Series A Led | |
| 17 Jul 2026 | Series A | |
| 9 Jul 2026 | Series B | |
| 23 Jun 2026 | Series C+ | |
| 27 May 2026 | Series A Led | |
| 13 May 2026 | Series B |
Round details for NATO Innovation Fund
Amounts, full round histories and every co-investor in NATO Innovation Fund's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
27 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| 2D Photonics designs, develops and manufactures next-generation photonic circuits for telecoms and datacoms. | Industrial & ManufacturingAI & Machine Learning | Portfolio page | ||
| Aquark Technologies builds and delivers miniaturised cold atom quantum hardware to enhance accuracy, precision, and stability in critical industry operations. | Industrial & ManufacturingAI & Machine Learning | Portfolio page | ||
| The company delivers modular, software-defined systems that enable capabilities for Europe's armed forces | Robotics & HardwareAI & Machine Learning | Portfolio page | ||
| Basecamp Research designs and develops therapeutic models and medicines using artificial intelligence | Healthcare & BiotechAI & Machine Learning | Sept 2026Series C+ | Page + round | |
| BSV Ventures invests in early-stage R&D-focused individuals and teams solving complex technical challenges with large potential for commercial application | Healthcare & BiotechFintech | Nov 2024Round | Funding round | |
| Camgraphic designs, develops and manufactures next-generation photonic circuits for telecoms and datacoms | Robotics & HardwareAI & Machine Learning | Mar 2025Series A | Funding round | |
| Fractile builds hardware to advance AI's underlying capabilities | AI & Machine LearningRobotics & Hardware | Jan 2026Round · 2 rounds | Page + round | |
| Greenjets designs and manufactures bespoke propulsion systems for aircraft, including drones. | AI & Machine LearningAI & Machine Learning | Jul 2026Series A | Page + round | |
| ICOMAT manufactures composite materials using a patented process called Rapid Tow Shearing (RTS) that allows for steered fiber composites at scale | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Inbiome develops and provides molecular diagnostics for bacterial identification and microbiome analysis | Healthcare & Biotech | Portfolio page | ||
| Isar Aerospace is a launch service provider for small and medium-sized satellites and constellations | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Kelluu operates a fleet of autonomous airships to deliver aerial data for defense, infrastructure, and environmental use | AI & Machine LearningAI & Machine Learning | Apr 2026Series A | Page + round | |
| Kongsberg Ferrotech offers robotic services for inspection, repair, and maintenance of underwater installations across the energy and maritime sector. | EducationIndustrial & Manufacturing | Jul 2025Seed | Page + round | |
| Kraken provides a platform for buying, selling, and trading various financial assets, including cryptocurrencies and stocks. | FintechCrypto & Web3 | Portfolio page | ||
| Kraken Technology designs and builds autonomous maritime platforms for various applications, including defence, security, and commercial operations. | AI & Machine LearningAI & Machine Learning | Jul 2026Series B | Funding round | |
| Kreios Space develops satellites able to operate at Very Low Earth Orbit | AI & Machine LearningAI & Machine Learning | Sept 2025Seed | Page + round | |
| Laki Power combines cameras and sensors to give utilities complete grid insight, reducing downtime and improving safety | E-commerce & MarketplacesIndustrial & Manufacturing | Sept 2026Series A | Page + round | |
| The company develops and provides nanopore technology for detecting and analyzing single molecules, including proteins and metabolites. | Healthcare & Biotech | Jun 2025Series A | Funding round | |
| QuantWare develops and supplies quantum processors and related technologies | Industrial & Manufacturing | Jun 2025Series A | Funding round | |
| RevEng.AI analyzes compiled software and provides binary intelligence to security operations, threat research, and product security teams | CybersecurityAI & Machine Learning | May 2026Series A | Page + round |
About this data
site last read 5 Nov 2026- Site
- nif.fund
- Last read
- 5 Nov 2026
- Watching since
- 6 Nov 2026
- Rounds since
- 20 Nov 2024
- Companies checked
- 27
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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