VC fund profile · evidence-aware directory data
Noctua Science Ventures Pre-Seed Fund (2026 first close) check size, stages and portfolio
Austrian science-spin-off pre-seed vehicle managed by Noctua Science Ventures. VERBUND X Ventures confirms a €15M FIRST close (announced November 10, 2026), while Dealroom reports a €25M future target, not capital already raised. Maximum first cheque €500,000; manager aims at 5–10 investments annually. Individual LP commitments, fee/carry, precise legal fund vehicle name and exact legal close day are undisclosed. VCT fund label is descriptive, not a verified legal title.
Keep track of Noctua Science Ventures Pre-Seed Fund (2026 first close)
Save this profile to your VCT watchlist for a quick return.
Reported initial check
EUR 500K
The firm has published this range.
Up-to maximum first lead cheque, not average or full commitment.
Investment stages
Leads: Pre-Seed
Participates: Pre-Seed
Sector focus
Not recorded
Geography
Vienna, Austria; Austria-wide mandate
Founded Not recorded
Fund size / AUM
Not recorded
A separate fund-size evidence record is not yet available.
Portfolio in our directory
None yet
Linked startup profiles
Recent tracked investment
Not recorded
No dated round explicitly links this fund.
VCT investor research
Inside Noctua Science Ventures Pre-Seed Fund (2026 first close)'s investment strategy
Independent, source-backed analysis of who the firm backs, deal evidence and whether it fits your stage.
First close is not a final fundraise
| Verified category | Information |
|---|---|
| First close | €15M, announced 10 November 2026 by LP VERBUND X Ventures |
| Announced fundraising target | €25M, reported by Dealroom; not closed capital |
| Vehicle designation | No verified exact legal fund name; this VCT record uses a descriptive label. Dealroom calls it 'Noctua I' |
| Manager | Noctua Science Ventures, based in Vienna |
| Strategy | Research-based Austrian university or research-institute spin-offs, pre-seed, sector agnostic within deep tech |
| First cheque | Up to €500,000 as lead investor, not a confirmed minimum or typical amount |
| Disclosed first-close LPs | VERBUND X, Erste, Allocator One, Austria Wirtschaftsservice (aws); individual commitments not published |
| Exact legal close day, fees and carry | Undisclosed; November 10 is announcement date |
VERBUND's own November 10 announcement verifies the first-close capital as the investor's statement. Manager site verifies investment mandate; Dealroom provides the reported target. Do not add the €25M target to the €15M first-close sum, or treat the five university shareholders as separately verified LPs.
Founder and LP tour
- A scientist-founder at an Austrian research institution, including one outside the shareholder university consortium, prepares original IP evidence and a commercial problem to solve.
- The team submits a pitch before or at its first equity financing, with credible ownership/technology transfer and market demand.
- Noctua evaluates scientific merit and proof of concept through its technical diligence board, plus commercial viability and co-founder gaps.
- Accepted companies negotiate a lead investment of up to €500,000 on deal-specific terms; ownership stakes are not publicly standardized.
- Its team works on capitalization, intellectual property, hiring entrepreneurial operators and follow-on investor introductions. This is an illustrative workflow from published materials, not a verified successful applicant case.
The current public portfolio names Turn-Motion, working on patient-specific orthotics/prosthetics production, and DiLT Analytics, working on building-system diagnostics. It does not establish vehicle-level allocations or fund distributions.
Original arithmetic insight, not a projected budget
At the manager's maximum €500,000 initial cheque, funding forty investments would require €20M before fund fees, reserves or follow-ons. The announced €15M first close would therefore not be sufficient to give forty companies all the maximum cheque, but the manager may invest smaller amounts and seek additional commitments. This calculation does not estimate actual investments. The 2025 date displayed for one portfolio company should not be misread as evidence its round was financed from the legally unnamed 2026 first-close vehicle.
No public fee/carry or minimum LP subscription terms were verified; nothing here is a public retail subscription offer.
Sources: LP first-close release, manager, portfolio, Dealroom report.
Sources and verification
Dated company disclosures take priority over third-party databases. These sources support the analysis above.
Rounds they lead
Rounds they invest
Last verified: 2026-11-12. Check-size evidence is labeled by basis so planning estimates are not presented as firm disclosures.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.