Cloudberry closes €30m Fund I

Cloudberry VC has closed its debut fund at €30 million, establishing Europe's first venture capital fund dedicated exclusively to semiconductor startups.

Fund I will invest €400k–€1m tickets into pre-seed and seed-stage companies across Europe working on chips, photonics, and advanced materials. The fund targets 18–20 investments across three core sectors: Compute & Electronics, Photonics, Connectivity & Sensing, and Advanced Materials & Tools.

The fund is anchored by strategic limited partners including GlobalFoundries, one of the world's largest semiconductor foundries, and Radiant Opto-Electronics, a leading manufacturer of backlight modules and optical components. These partnerships give Cloudberry portfolio companies direct access to manufacturing capacity, technology roadmaps, and commercial partnerships from day one.

"Semiconductor startups deserve a semiconductor VC," said Lawrence Lundy-Bryan, General Partner at Cloudberry. "The founders we back are solving hard physics and engineering problems. They need investors who understand the timelines, the capital intensity, and the strategic relationships required to build a chip company."

The fund is managed by a team with deep operating experience across the semiconductor supply chain. Founding Partner René Kromhof was part of the leadership team at Heptagon, which he helped scale from a small team to a global leader in micro-optics before its acquisition by ams AG in 2017. The team also includes venture partners from Bosch Sensortec and Egon Zehnder.

Cloudberry is based at Maria01 in Helsinki, Finland, and invests across Europe. The fund is structured as a Luxembourg vehicle with data hosted in the EU.