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Cottonwood Technology Fund

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Cottonwood Technology Fund
Company typePrivate
IndustryVenture capital
Founded2010; 14 years ago (2010)
FounderDavid Blivin
Headquarters
Santa Fe, New Mexico, United States & Enschede, the Netherlands
Area served
United States, Europe
ProductsVenture capital
Websitewww.cottonwood.vc

Cottonwood Technology Fund is a venture capital firm with offices in Santa Fe, New Mexico, United States, and Enschede, the Netherlands.[1] It makes impact investments in deep tech, hardware and high tech. Cottonwood recently closed its third investment fund.[2]

History

Cottonwood Technology Fund was founded by David Blivin in 2010 in Santa Fe, New Mexico.[3]

In 2014, Cottonwood expanded its operations to Europe.[4] Its European headquarters is located on the innovation campus of the University of Twente in Enschede, the Netherlands. It is led by Alain le Loux, who is a former Member of the Executive Committee of Getronics PinkRoccade and has served as CEO of multiple startups.[5]

In November 2020, Cottonwood announced the opening of its third investment fund.[6] Investors in Cottonwood include Koninklijke KPN and Caterpillar.[7]

Investments

Cottonwood Technology Fund specializes in seed stage and early stage investments in private companies.[8]

Its portfolio is mainly in photonics, electronics, advanced materials, nanotechnology, medical technology, advanced manufacturing, robotics, clean technology and the renewable energy transition.[9]

Cottonwood has invested in over 20 companies since 2010, including Skorpios Technologies, BayoTech, Sarcos Robotics, Infinitum Electric, SoundEnergy, OPNT and Eurekite.[10]

In 2019, their portfolio company Exagen Inc. exited in an initial public offering (Nasdaq: XGN).[11][12]

Recognition

Cottonwood is featured as one of the Most Consistent Top Performing Venture Capital Fund Managers in the Preqin Global Private Equity & Venture Capital Report 2020.[13]

See also

References

  1. ^ "American VC firm CTF opens European office in Enschede with €10M early stage investment fund". StartupJuncture. 21 May 2014. Retrieved 6 February 2021.
  2. ^ "Cottonwood Technology Fund announces new VC fund; plans to invest in North European tech startups". The Financial Courant. 8 November 2020. Retrieved 6 February 2021.[permanent dead link]
  3. ^ "Cottonwood Technology Fund". Unicorn Nest. 6 February 2021. Retrieved 6 February 2021.
  4. ^ "Cottonwood zoekt honderd miljoen voor techstarters". Bits&Chips. 22 May 2018. Retrieved 6 February 2021.
  5. ^ "Dutch Startup Changemakers: Alain le Loux". Leapfunder. 8 June 2020. Retrieved 6 February 2021.
  6. ^ "Cottonwood Technology Fund hits first close for Fund III, could collect up to €100m | AltAssets Private Equity News". 2020-11-06. Retrieved 2022-06-08.
  7. ^ "Kans voor ontwikkeling Twentse patenten: Cottonwood zoekt 100 miljoen". 1Twente (in Dutch). Retrieved 2022-06-08.
  8. ^ "Cottonwood raising 3rd capital venture fund". Albuquerque Journal. 30 October 2020. Retrieved 6 February 2021.
  9. ^ "Cottonwood Technology Fund opens third high-tech fund". Kennispark Twente. 25 November 2020. Retrieved 6 February 2021.
  10. ^ "Cottonwood Technology Fund participeert in investering van 157 miljoen in waterstofbedrijf BayoTech". Link Magazine. 12 January 2021. Retrieved 6 February 2021.
  11. ^ "Exagen Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares" (Press release). GlobeNewswire. 23 September 2019. Retrieved 6 February 2021.
  12. ^ "Exagen: Promising Growth Story". Seeking Alpha. 20 September 2019. Retrieved 6 February 2021.
  13. ^ "Preqin and First Republic Update: US Venture Capital in Q1 2020" (PDF). Preqin. 12 May 2020. Retrieved 6 February 2021.
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