Fund news22 December 2025
Cloudberry closes €30m Fund I
Europe's first dedicated semiconductor VC closes its debut fund, backed by strategic LPs including GlobalFoundries and Radiant Opto-Electronics.
Europe's first dedicated semiconductor VC
Because semiconductor startups deserve a semiconductor VC. We invest in the foundational technologies that power everything.
€30m
Fund I
€400k–€1m
Cheque size
Pre-seed & Seed
Stage
Europe
Geography
Thesis
Europe has a choice. The continent that pioneered the industrial revolution now risks becoming its footnote. But we have everything we need to win globally.
Computing is the bedrock of economic growth. Every major industry runs on semiconductors. Europe invented much of this technology within living memory — from ASML's lithography to the research institutions that push the limits of physics.
Semiconductors are everything. Europe can lead again if we choose to invest.
Compute & Electronics
When transistor scaling slows, architecture and system design become the growth engine. We invest in compute and control platforms that deliver more performance per watt and reshape where and how computation happens.
Example areas
- RISC-V processors
- Neuromorphic chips
- Power electronics
- Edge AI accelerators
- Chiplets & advanced packaging
Photonics, Connectivity & Sensing
Light is as important an engineering medium as electrons. We back photonic and mixed electro-optic systems that move, measure and process information: from high-bandwidth communications to imaging, diagnostics and instrumentation.
Example areas
- Silicon photonics
- LiDAR & 3D sensing
- Optical interconnects
- Quantum sensors
- Photonic integrated circuits
Advanced Materials & Tools
New architectures only matter if you can build and measure them at scale. We invest in advanced materials, equipment, design tools and metrology that extend what fabs and manufacturers can do.
Example areas
- Compound semiconductors
- EDA & design tools
- Metrology & inspection
- Novel substrates
- Sustainable fab processes
Portfolio
Stealth 1
Compute & ElectronicsPre-seed
Stealth 2
Photonics & SensingSeed
Coming soon
Team
René Kromhof
Founding Partner 🇫🇮
Before Cloudberry, René served on the leadership team at Heptagon, scaling the company from a handful of employees into a global powerhouse — culminating in its acquisition by ams AG in 2017. He began his career in engineering and product management at ASML.
LinkedIn
Veera Pietikäinen
Founding Partner 🇫🇮
Nearly a decade supporting early-stage teams and deep tech companies. Since 2019, involved in the deep tech space across investments, portfolio support, legal and fund administration. She has also advised companies as a fractional CFO.
LinkedIn
Lawrence Lundy-Bryan
General Partner 🇬🇧
Ten years in, he must admit he is a VC. Always early to market opportunity: crypto in 2015 and deep tech in 2020. He believes the greatest opportunity in the next decade is semiconductors. Interested in photonic memory, compound semi, and edge computing.
LinkedIn
Tuomas Hollman
Venture Partner 🇩🇪
VP and Head of the Business Area Optics at Bosch Sensortec. 25+ years in the semiconductor industry spanning IC design, system engineering, and product management. Previously held senior roles at Texas Instruments and MaxLinear.
LinkedIn
Lukas Steinmann
Venture Partner 🇨🇭
Active across Egon Zehnder's Industrial and Technology practice groups. Previously SVP at ams Osram AG and VP Strategy & Partnership at Heptagon Advanced Micro Optics.
LinkedInApproach
Industry access
Our strategic LPs — GlobalFoundries and Radiant Opto-Electronics — open doors to manufacturing partners, customers, and technology roadmaps that no other investor can.
Operational support
IP strategy, equipment access, hiring your first chip designer, navigating your first customer pilot — we provide hands-on support at the critical early stages.
Operator experience
Deep technical and commercial experience across the semiconductor supply chain — ASML, Heptagon, Bosch, and ams Osram.