{"id":87029,"date":"2025-07-25T05:09:40","date_gmt":"2025-07-25T05:09:40","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2025\/07\/25\/amid-increased-momentum-for-defense-the-nato-innovation-fund-refreshes-its-investment-team\/"},"modified":"2025-07-25T05:10:46","modified_gmt":"2025-07-25T05:10:46","slug":"amid-increased-momentum-for-defense-the-nato-innovation-fund-refreshes-its-investment-team","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2025\/07\/25\/amid-increased-momentum-for-defense-the-nato-innovation-fund-refreshes-its-investment-team\/","title":{"rendered":"Amid increased momentum for defense, the NATO Innovation Fund refreshes its investment team"},"content":{"rendered":"

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Two years after securing $1 billion in commitments<\/a> from over 20 international locations, the NATO Innovation Fund (NIF) is coming into a brand new chapter, marked by the arrival of two new companions and the departure of its penultimate founding crew accomplice.<\/p>\n

In a context of elevated navy spending throughout NATO members, funding in dual-use know-how has skyrocketed for the reason that initiative was first introduced in 2021<\/a>. As soon as a no-go-zone for institutional traders, protection and resilience tech final reached an all-time high of 10% of all VC funding<\/a> in Europe, the place almost all NIF\u2019s backers are situated.<\/p>\n

This booming curiosity ought to have given NIF a first-mover benefit, however the fund was hampered by administration challenges and a collection of high-profile departures. After the 2025 NATO Summit in The Hague reaffirmed its significance final June, NIF is now rising with an virtually totally new funding crew. It’s composed of three companions.<\/p>\n

Whereas NIF initially had 4 companions and one managing accomplice, an individual accustomed to NIF mentioned that this flat, three-partner mannequin would be the construction in place for the foreseeable future, suggesting that no new hires are to be anticipated. These two appointments had beforehand been rumored<\/a>, however the identities of the brand new companions had not been confirmed.<\/p>\n

Two of the companions are new hires: Ulrich Quay and Sander Verbrugge, who can be primarily based in Amsterdam. Quay, a German nationwide, was most not too long ago accountable for company investments as a vp at BMW, the place he beforehand based and led company enterprise fund BMW i Ventures<\/a>. Verbrugge, a Dutch PhD in molecular biophysics, was beforehand a accomplice at deep tech VC fund Innovation Industries, which he joined after working at semiconductor design and manufacturing firm NXP<\/a>. The third accomplice is London-based VC Patrick Schneider-Sikorsky, now the final remaining member of the unique funding crew. Alongside the brand new hires, the fund introduced the departure of founding crew accomplice Kelly Chen, who confirmed to TechCrunch that it was her choice and that she can be stepping away to construct a brand new enterprise. Chris O\u2019Connor, one other founding crew accomplice, departed earlier this 12 months with comparable plans.<\/p>\n

Chen at present sits on the board of a number of startups backed by NIF, however will transition her board tasks as soon as her employment on the NIF has wrapped up, TechCrunch realized from its chief communications and advertising officer, Amalia Kontesi.\u00a0<\/p>\n

Whereas some observers want the fund had deployed capital quicker, she mentioned NIF \u201cis on observe to satisfy [its] investing targets for the 12 months.\u201d Since its inception, NIF has made 19 investments: seven into funds akin to OTB Ventures<\/a>, and 12 into startups together with Space Forge<\/a> and Tekever<\/a>, which makes dual-use drones.<\/p>\n

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Nonetheless, including new companions with industrial and scientific backgrounds, regardless of how spectacular, might not fulfill those that want that the fund may put money into Ukraine or pure protection, versus twin use, in response to Russia\u2019s battle economic system. However it’s also according to NIF\u2019s broader thesis to \u201cempower deep tech founders to handle challenges in defence, safety, and resilience.\u201d<\/p>\n

Nonetheless, NIF has additionally ramped up its efforts on the protection facet. Its crew was closely concerned within the improvement of NATO\u2019s Rapid Adoption Action Plan<\/a>, geared toward accelerating the adoption and integration of recent technological merchandise for protection. NIF has additionally been increase its Mission Platform Group with strategic hires together with John Ridge, who was employed as chief adoption officer in 2024 to assist portfolio startups navigate navy procurement.<\/p>\n

As for its new companions, they have been as soon as once more employed by a course of beforehand described by VC Michael Jackson as akin to \u201cbuilding a boy band\u201d<\/a> \u2014 recognized by NIF\u2019s board of administrators and permitted by LPs, slightly than having teamed up primarily based on shared historical past or chemistry.\u00a0<\/p>\n

This can be inevitable for a corporation that now counts 24 international locations as restricted companions, however was typically pointed as one motive the earlier crew didn\u2019t gel. This time, all three companions obtained to satisfy all through the recruitment course of and spend time collectively since then to \u201cguarantee a clean transition and to place the crew for long run success,\u201d Kontesi mentioned.<\/p>\n

In a press release shared completely with TechCrunch, NIF\u2019s vice chair, professor Fiona Murray, in contrast the group to a startup. \u201cWe’re happy with what we completed however like all efficient crew we’re studying, experimenting, enhancing:\u00a0 rushing up our processes, increasing our platform help for startups, doubling down on ecosystem constructing and extra broadly recognizing the necessity to construct the sector and the capital stack.\u201d\u00a0<\/p>\n

Murray expressed satisfaction in having introduced collectively a professional crew that may collaborate successfully, creatively and shortly. \u201cThey’ll allow us to maneuver much more quickly and decisively to drive the Alliance\u2019s technological agenda and help one of the best founders throughout European ecosystems,\u201d she beforehand wrote in a joint assertion with NIF\u2019s chair, Klaus Hommels.\u00a0<\/p>\n

Hommels\u2019 different actions as an investor have prompted questions about possible conflicts of interest<\/a>, however no change seems to have been made to his position throughout NIF\u2019s current LP assembly in Venice. Relatively than dwelling additional on its reorganization, NIF appears set on serving to NATO develop into extra resilient. \u201cOn this subsequent part,\u201d NIF\u2019s vice chair mentioned, \u201cyou\u2019ll see us refocus on DSR alternatives and emphasize constructing corporations that may drive industrial scale and actually help ecosystems throughout Europe.\u201d<\/p>\n<\/div>\n