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PME and PMT pensions make additional €150m VC commitment

PMT and PME, pension schemes for workers in the Dutch metals industry, have each made an additional commitment of €75 million to tech-focussed Dutch venture capital investor Innovation Industries’ third fund, according to a report by Imvestments & Pensions Europe.

The pension funds are the largest investors so far in Innovation Industries III, which has raised €200 million in Toal to date and is reportedly targeting another €100-200 million. 

Innovation Industries says its new fund will look to invest in around 15 technology start-ups and scale-ups with a focus on firms that are trying to commercialise innovations incubated at universities.

PME and PMT backed two earlier Innovation Industries Funds launched in 2015 and 2019, which have made investments in 25 firms that employ approximately

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