# NATO Innovation Fund (NIF): portfolio, investments and team > NATO Innovation Fund (NIF) is a vc firm based in Netherlands. 16 investments on record, 11 in the last 12 months, latest Sept 2026. Source: https://millionrounds.com/fund/nato-innovation-fund (Millionrounds; every figure on the page links to its filing or article) Netherlands · [Investor](https://millionrounds.com/investors) # NATO Innovation Fund (NIF) Last cheque observed Sep 2026; 16 cheques on record. Email Deploying now New fund $1.1B, Aug 2023 VC firm Seed Series A Series B Deep Tech Novel Materials Energy Follow NATO Innovation Fund (NIF) and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fnato-innovation-fund) Deploying now **100%** of best year **11** **cheques in 12 months**, 16 on record Since the last cheque **38** days **00** hrs **00** min **00** sec Median round **$17M** Rounds led **10 of 16** Mostly in **United Kingdom, 38%** Pitch NATO Innovation Fund (NIF) ## NATO Innovation Fund (NIF) highlights - 01 11 cheques in the last 12 months - 02 Mostly Series A and Seed: 73% of its rounds - 03 Led 10 rounds ## What they do > A standalone venture capital fund backed by 24 NATO allies deploying €1 billion+ in deep tech From their own website - **Type:** VC firm - **Cheque size:** Up to $17M as they say - **Stages:** Seed Series A Series B Growth - **Sectors:** Deep Tech Novel Materials Energy - **Based in:** Amsterdam, Netherlands - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **16 appearances** - **2026** 11 rounds - **Sept** **[Basecamp Research](https://millionrounds.com/company/basecamp-research)** Series C · GB · Ventureburn **$140M** With 17 others - **Sept** **[TERASi](https://millionrounds.com/company/terasi)** Seed · SE · Firms' own news pages **$13M** *Led* - **Sept** **[Laki Power](https://millionrounds.com/company/laki-power)** Series A · IS · NATO Innovation Fund (NIF) **$6.9M** *Led* - **Aug** **[Kraken Technology](https://millionrounds.com/company/kraken-technology)** Series B · GB · Ventureburn **$175M** With 13 others - **Jul** **[Greenjets](https://millionrounds.com/company/greenjets)** Series A · GB · Firms' own news pages **$40M** With 3 others - **Jun** **[Isar Aerospace](https://millionrounds.com/company/isar-aerospace)** Series D · DE · Ventureburn **$312M** With 8 others - **May** **[RevEng.AI](https://millionrounds.com/company/reveng-ai)** Series A · GB · NATO Innovation Fund (NIF) **$15M** *Led* - **Apr** **[Kelluu](https://millionrounds.com/company/kelluu)** Series A · FI · NATO Innovation Fund (NIF) **$18M** *Led* - **Apr** **[Inbiome](https://millionrounds.com/company/inbiome)** Series A · NL · NATO Innovation Fund (NIF) **$16M** *Led* - **Feb** **[TYTAN Technologies](https://millionrounds.com/company/tytan-technologies)** Series A · DE · NATO Innovation Fund (NIF) **$35M** *Led* - **Feb** **[Uplift360](https://millionrounds.com/company/uplift360)** Seed · LU · NATO Innovation Fund (NIF) **$8.7M** With 4 others - **2025** 2 rounds - **Jul** **[Kongsberg Ferrotech](https://millionrounds.com/company/kongsberg-ferrotech)** Seed · NO · NATO Innovation Fund (NIF) **$14M** *Led* - **May** **[Space Forge](https://millionrounds.com/company/space-forge)** Series A · GB · TechCrunch **$30M** *Led* - **2024** 3 rounds - **Nov** **[BSV Ventures](https://millionrounds.com/company/bsv-ventures)** LT · NATO Innovation Fund (NIF) **$16M** With 1 other - **Nov** **[Tekever](https://millionrounds.com/company/tekever)** Series B · PT · TechCrunch **$74M** *Led* - **Sept** **[Aquark Technologies](https://millionrounds.com/company/aquark-technologies)** Seed · GB · NATO Innovation Fund (NIF) **$5.6M** *Led* An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **14** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. Funds they back ## 3 fund commitments on record - **Managers:** 2 Every fund on record that it has committed money to, and the managers who invest it. Source: fund news. Managers it backs most - [Faber 2 funds](https://millionrounds.com/fund/faber) - [Expeditions Fund 1 fund](https://millionrounds.com/fund/expeditions-fund) Most recent commitments - [Expeditions Fund II](https://millionrounds.com/fund/expeditions-fund) - [Faber Faber Tech Fund III](https://millionrounds.com/fund/faber) - [Faber Faber Tech III](https://millionrounds.com/fund/faber) ## What they claim to have backed From their own portfolio page (on their website) **0** of 1 we have independently watched raise Cbwebsitedesign Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. New fund on file **$1.1B** raised in Aug 2023 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$17M** the round, not its cheque Led 10 of 16 rounds **63%** - **Said size:** Up to $17M - **Sole investor:** Never alone - **Last cheque:** Sept 2026 Rounds by stage said on their site - Series A said *7* - Seed said *4* - Series B said *2* - Series C *1* - Series D *1* - Growth said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) 2 - [D3](https://millionrounds.com/fund/d3) 2 - [Lakestar](https://millionrounds.com/fund/lakestar) 2 - [National Security Strategic Investment Fund (NSSIF)](https://millionrounds.com/fund/national-security-strategic-investment-fund-nssif) 2 - [UK's National Security Strategic Investment Fund](https://millionrounds.com/fund/uk-s-national-security-strategic-investment-fund) 2 **Pitching NATO Innovation Fund (NIF)?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as NATO Innovation Fund (NIF). A count of rooms they were both in, not a relationship either has claimed. [**British Business Bank** Corporate VC **2** rounds together](https://millionrounds.com/fund/national-security-strategic-investment-fund)[**D3** VC firm **2** rounds together](https://millionrounds.com/fund/d3)[**Lakestar** VC firm **2** rounds together](https://millionrounds.com/fund/lakestar)[**National Security Strategic Investment Fund (NSSIF)** Corporate VC **2** rounds together](https://millionrounds.com/fund/national-security-strategic-investment-fund-nssif)[**UK's National Security Strategic Investment Fund** Growth equity **2** rounds together](https://millionrounds.com/fund/uk-s-national-security-strategic-investment-fund) ## Recently backed The latest companies NATO Innovation Fund (NIF) put money into. [**Basecamp Research** $140M · Sept 2026](https://millionrounds.com/company/basecamp-research)[**TERASi** $13M · Sept 2026](https://millionrounds.com/company/terasi)[**Laki Power** $6.9M · Sept 2026](https://millionrounds.com/company/laki-power)[**Isar Aerospace** $312M · Jun 2026](https://millionrounds.com/company/isar-aerospace)[**RevEng.AI** $15M · May 2026](https://millionrounds.com/company/reveng-ai)[**Kelluu** $18M · Apr 2026](https://millionrounds.com/company/kelluu) ## Quick answers about NATO Innovation Fund (NIF) ### What does NATO Innovation Fund (NIF) invest in? NATO Innovation Fund (NIF) invests most often at Series A and Seed (73% of the rounds on record), in sectors such as Deep Tech, Novel Materials and Energy. ### How active is NATO Innovation Fund (NIF)? 16 investments on record, 11 of them in the last 12 months, and it led 10. The most recent was in Sept 2026. ### What has NATO Innovation Fund (NIF) invested in recently? Its most recent investments on record: Basecamp Research (Series C, Sept 2026), TERASi (Seed, Sept 2026) and Laki Power (Series A, Sept 2026). ### How big are NATO Innovation Fund (NIF)'s cheques? The median round it joins is $17M. ### Does NATO Innovation Fund (NIF) lead rounds? Yes: it led 10 of its 16 investments on record (63%). ### Where does NATO Innovation Fund (NIF) invest? Most of the companies it backs are in the United Kingdom (38%), Germany (13%) and Sweden (6%). ### Is NATO Innovation Fund (NIF) investing now? Yes: it is actively investing, with 11 investments in the last 12 months. ### Who does NATO Innovation Fund (NIF) invest alongside? Most often British Business Bank (2 rounds together), D3 (2 rounds together) and Lakestar (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. 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