Cottonwood Technology Fund
| Private | |
| ISIN | 🆔 |
| Industry | Venture capital |
| Founded 📆 | 2010 |
| Founder 👔 | David Blivin |
| Headquarters 🏙️ | , |
Area served 🗺️ | United States, Europe |
Key people | David Blivin Alain le Loux Marie Weijler Alan Abbott |
| Products 📟 | Venture capital, growth capital |
| 💎 AUM | US$210 million (2020) |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Cottonwood Technology Fund is a Dutch-American venture capital firm. The firm has offices in Santa Fe, New Mexico, United States, and Enschede, the Netherlands.[1] It makes impact investments in deep tech, hardware and high tech. Cottonwood manages multiple investment funds, including funds specific to Northwest Europe.[2]
History[edit]
Cottonwood Technology Fund was founded by David Blivin in 2010 in Santa Fe, New Mexico.[3] Blivin is the former Managing Director of Southeast Interactive Technology Funds, totaling US$175 million with an average investment multiple of 3.7x on managed investments.[4][5]
In 2014, Cottonwood expanded its operations to Europe.[6] Its European headquarters is located on the innovation campus of the University of Twente in Enschede, the Netherlands. It is led by Alain le Loux, former Member of the Executive Committee of Getronics PinkRoccade and CEO of multiple startups.[7] Before joining Cottonwood, Alain le Loux was an angel investor in 17 companies, including SciSports and LipoCoat.[8][9] In 2019, Cottonwood hired Forbes 30 under 30 honoree Marie Weijler to join its investment team.[10][11] In 2021, Venture Capital Journal included Marie Weijler in its annual ranking of 40 Rising Stars Under 40.[12]
In November 2020, Cottonwood announced its initial close of Cottonwood Technology Fund III.[13] Cornerstone investors in the fund include Merrion Oil & Gas and Caterpillar Ventures.[14][15]
Investments[edit]
Cottonwood Technology Fund specializes in seed stage and early stage investments in private companies.[16]
Its portfolio is mainly in photonics, electronics, advanced materials, nanotechnology, medical technology, advanced manufacturing, robotics, clean technology and the renewable energy transition.[17]
Cottonwood has invested in over 20 companies since 2010, including Skorpios Technologies, BayoTech, Sarcos Robotics, Infinitum Electric, SoundEnergy, OPNT and Eurekite.[18]
In 2019, their portfolio company Exagen Inc. exited in an initial public offering (Nasdaq: XGN).[19][20] As of September 2019, the value of Exagen Inc. was US$305 million, a growth of 2,300% in 8.5 years.[21]
Recognition[edit]
The internal rate of return (IRR) of Cottonwood Technology Fund I is 46%.[22] In an independent study released on February 23, 2018, PitchBook Data recognized Cottonwood as a Top 3 U.S. venture capital fund with business-to-business investments based on the internal rate of return, cash multiples and cash flows.[23]
In 2019, Cottonwood was awarded the Investment Fund Award for Best High-Tech Venture Capital Fund of the Year.[24]
Cottonwood is featured as one of the Most Consistent Top Performing Venture Capital Fund Managers in the Preqin Global Private Equity & Venture Capital Report 2020.[25]
See also[edit]
References[edit]
- ↑ "American VC firm CTF opens European office in Enschede with €10M early stage investment fund". StartupJuncture. 21 May 2014. Retrieved 6 February 2021.
- ↑ "Cottonwood Technology Fund announces new VC fund; plans to invest in North European tech startups". The Financial Courant. 8 November 2020. Retrieved 6 February 2021.
- ↑ "Cottonwood Technology Fund". Unicorn Nest. 6 February 2021. Retrieved 6 February 2021.
- ↑ "Cottonwood Technology Fund Founder to Talk at UNM". University of New Mexico Newsroom. 30 September 2010. Retrieved 6 February 2021.
- ↑ "From Seed to Fruit, with David Blivin". American Society of Mechanical Engineers. 1 September 2016. Retrieved 6 February 2021.
- ↑ "Cottonwood zoekt honderd miljoen voor techstarters". Bits&Chips. 22 May 2018. Retrieved 6 February 2021.
- ↑ "Dutch Startup Changemakers: Alain le Loux". Leapfunder. 8 June 2020. Retrieved 6 February 2021.
- ↑ "Vliegende start sport-startup". NU.nl. 4 March 2013. Retrieved 7 February 2021.
- ↑ "This Dutch nanotech-startup raised €600,000 to battle life-threatening hospital infections". Silicon Canals. 18 July 2017. Retrieved 7 February 2021.
- ↑ "Cottonwood Adds Marie Weijler To Investment Team". AlphaWeek. 11 June 2019. Retrieved 6 February 2021.
- ↑ "Forbes 30 Under 30: Marie Weijler". Forbes. 2 February 2019. Retrieved 6 February 2021.
- ↑ "Rising Stars 2021". Venture Capital Journal. 4 January 2021. Retrieved 6 February 2021.
- ↑ "Cottonwood Technology Fund hits first close for Fund III, could collect up to €100m". AltAssets. 6 November 2020. Retrieved 6 February 2021.
- ↑ "Caterpillar Ventures extends its search for new innovation". Caterpillar Inc. 2 October 2015. Retrieved 6 February 2021.
- ↑ "Kans voor ontwikkeling Twentse patenten: Cottonwood zoekt 100 miljoen". Tubantia. 17 May 2018. Retrieved 6 February 2021.
- ↑ "Cottonwood raising 3rd capital venture fund". Albuquerque Journal. 30 October 2020. Retrieved 6 February 2021.
- ↑ "Cottonwood Technology Fund opens third high-tech fund". Kennispark Twente. 25 November 2020. Retrieved 6 February 2021.
- ↑ "Cottonwood Technology Fund participeert in investering van 157 miljoen in waterstofbedrijf BayoTech". Link Magazine. 12 January 2021. Retrieved 6 February 2021.
- ↑ "Exagen Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares". GlobeNewswire. 23 September 2019. Retrieved 6 February 2021.
- ↑ "Exagen: Promising Growth Story". Seeking Alpha. 20 September 2019. Retrieved 6 February 2021.
- ↑ "Cottonwood Technology Fund announces new VC fund; plans to invest in North European tech startups". Silicon Canals. 6 November 2020. Retrieved 6 February 2021.
- ↑ "Bedrijfsprofiel: Cottonwood Technology Fund". MT/Sprout. 6 February 2021. Retrieved 6 February 2021.
- ↑ "2010 Vintage US Venture Funds with B2B Investments". PitchBook Data. 23 February 2018. Retrieved 6 February 2021.
- ↑ "Cottonwood Technology Fund - USA & the Netherlands: Best High-Tech VC Fund 2019". Wealth & Finance International. 5 December 2019. Retrieved 6 February 2021.
- ↑ "Preqin and First Republic Update: US Venture Capital in Q1 2020" (PDF). Preqin. 12 May 2020. Retrieved 6 February 2021.
Category:Venture capital firms of the United States Category:Companies based in Santa Fe, New Mexico Category:American companies established in 2010 Category:Financial services companies established in 2010 Category:Privately held companies based in New Mexico Category:Companies of the Netherlands Category:Companies based in Overijssel Category:Privately held companies of the Netherlands Category:Investment management companies of the Netherlands Category:Investment management companies of the United States Category:Private equity firms of the Netherlands Category:Venture capital firms Script error: No such module "AfC submission catcheck".
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