Faber launches €30m second tech fund

The vehicle has a target of €30m and expects to hold a final close in the coming months.

Established in 2013, Faber is a Lisbon-based early-stage firm dedicated to investments in technology startups based across Europe, with a focus on Portugal and Spain.

Investors
The European Investment Fund and the Portuguese state-backed Institución de Desarrollo Financiero were cornerstone investors in the first close, with a joint commitment of €15m.

The fund's LP base also comprises other institutional and private investors. Faber expects to attract additional commitments from new LPs in the coming weeks.

Investments
The fund invests in early-stage rounds, targeting data-driven startups based across southern Europe – primarily Iberia – with the aim of supporting their international expansion.

It has a special focus on companies operating across the data science, artificial intelligence and machine learning segments.

The fund has made three initial investments: co-financing a $9m series-A funding round for digital physiotherapy specialist Sword Health; leading a pre-seed round for data platform YData; and co-financing a pre-seed round for training startup Emotai. 

People
Faber Ventures – Alexandre Barbosa (managing partner).

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