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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 VC industry and deeptech startups. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

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