Cottonwood Technology Fund Explained

Cottonwood Technology Fund
Type:Private
Founder:David Blivin
Area Served:United States, Europe
Industry:Venture capital
Products:Venture capital
Location City:Santa Fe, New Mexico, United States & Enschede, the Netherlands

Cottonwood Technology Fund is a venture capital firm with offices in Santa Fe, New Mexico, United States, and Enschede, the Netherlands.[1] It makes impact investments in deep tech, hardware and high tech. Cottonwood recently closed its third investment fund.[2]

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, 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, SoundEnergy, OPNT and Eurekite.[10]

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

Recognition

Cottonwood is featured as one of the Most Consistent Top Performing Venture Capital Fund Managers in the Preqin Global Private Equity & Venture Capital Report 2020.[13]

See also

Notes and References

  1. Web site: American VC firm CTF opens European office in Enschede with €10M early stage investment fund . StartupJuncture . 21 May 2014 . 6 February 2021.
  2. Web site: Cottonwood Technology Fund announces new VC fund; plans to invest in North European tech startups . The Financial Courant . 8 November 2020 . 6 February 2021 .
  3. Web site: Cottonwood Technology Fund . Unicorn Nest . 6 February 2021 . 6 February 2021.
  4. Web site: Cottonwood zoekt honderd miljoen voor techstarters . Bits&Chips . 22 May 2018 . 6 February 2021.
  5. Web site: Dutch Startup Changemakers: Alain le Loux . Leapfunder . 8 June 2020 . 6 February 2021.
  6. Web site: 2020-11-06 . Cottonwood Technology Fund hits first close for Fund III, could collect up to €100m AltAssets Private Equity News . 2022-06-08 . en-US.
  7. Web site: Kans voor ontwikkeling Twentse patenten: Cottonwood zoekt 100 miljoen . 2022-06-08 . 1Twente . nl.
  8. Web site: Cottonwood raising 3rd capital venture fund . . 30 October 2020 . 6 February 2021.
  9. Web site: Cottonwood Technology Fund opens third high-tech fund . . 25 November 2020 . 6 February 2021.
  10. Web site: Cottonwood Technology Fund participeert in investering van 157 miljoen in waterstofbedrijf BayoTech . Link Magazine . 12 January 2021 . 6 February 2021.
  11. Exagen Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares . . 23 September 2019 . 6 February 2021.
  12. Web site: Exagen: Promising Growth Story . . 20 September 2019 . 6 February 2021.
  13. Web site: Preqin and First Republic Update: US Venture Capital in Q1 2020 . Preqin . 12 May 2020 . 6 February 2021.

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