One of Europe’s oldest deep-tech specialists is opening a London office, and pitching it as a fresh expansion into new territory. Companies House tells a slightly different story. Vsquared Ventures, founded in Munich and known for raising one of Europe’s largest early-stage deep-tech funds, quietly incorporated its UK entity back in October 2024, some 18 months before it said a word in public.
The firm has been building in London far longer than the announcement lets on.
The move puts Vsquared, which manages more than €450m across nearly 50 companies in 13 countries, in direct competition with two London-native giants: Atomico, the firm founded by Skype co-founder Niklas Zennström with $4.7bn under management, and Balderton Capital, which has raised $4.5bn since 2000. Its pitch against them is focus.
Where the incumbents back deep tech as one slice of a broader portfolio, Vsquared writes only deep-tech cheques, from pre-seed to Series A across AI, robotics, quantum, new space, energy and tech-bio, and has done so since before the category drew mainstream money. Its portfolio already includes Isar Aerospace, the quantum unicorn IQM, the encryption firm Zama and NEURA Robotics.
Why London, and why now
