News

April 23, 2025

Exclusive: German deeptech VC First Momentum raises €35m fund to back energy, automation and AI

The firm’s second fund, which is nearly 10x larger than its first, will invest in up to 35 companies

Anne Sraders

4 min read

German deeptech VC First Momentum, which invests pre-seed cheques into technical founders, has raised €35m for its second fund. The VC aims to back B2B companies in areas like computing and AI, industrial startups and energy. 

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Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the venture capital industry and deeptech startups, including robotics, spacetech and defence tech. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

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