Fund V aims to make 15 to 20 yearly investments in pre-seed and seed startups focusing on defence, fintech, AI, and supply chain software.

The funding round was led by Magnetic Capital, with support from Redstone and 14Peaks Capital.

The firm has secured €27 million in Series B funding led by XAnge.

The Series A round was led by HV Capital’s Growth Fund, with support from existing investors.

RIIICO has secured $5 million in seed funding, led by Pi Labs, with support from Seed + Speed Ventures and the Volvo Cars Tech Fund.

Proxima Fusion has raised €130 million, co-led by Cherry Ventures and Balderton Capital.

The firm has raised the seed round from Insight Partners, with support from Gradient Ventures.

Baobab has secured €12 million in Series A funding from eCAPITAL ENTREPRENEURIAL PARTNERS.