• Jolt Capital announces the first closing of its new deeptech growth fund, Jolt Capital V, at 600 million euros, with a hard cap of 1.1 billion euros.
• The fund is Article 9 under SFDR and follows Jolt Capital’s core thesis of backing European scaleups with strong proprietary technology to become global leaders.
• The first closing is supported by a diverse group of sovereign wealth funds, both returning and new to Jolt Capital.
• Additional investors include insurance companies, European banks, pension funds, and family offices, with a mix of returning and first-time LPs.
• The European Investment Fund (EIF) contributes a cornerstone investment of €260 million supported by the ETCI program announced in September 2025.
• Geopolitical dynamics such as industrial resilience, dual-use technology, and sovereignty concerns reinforce Jolt Capital’s long-standing strategy since 2012.
• Jolt Capital avoids overhyped tech trends and continues to build European “rhinos,” evidenced by successful exits such as NILT (diffractive optics) and UnitySC (semiconductor metrology).
• Fundraising coincides with team expansion to 45 people of 15 nationalities and the opening or consolidation of offices in Canada, Japan, and South Korea.
• Jolt.Ninja, the firm’s proprietary AI platform, now covers 5 million companies and is entering broader deployment to deeptech seed funds and corporate venture arms worldwide.
• Jean Schmitt highlights the growing importance of technology sovereignty and the role of sovereign wealth funds in providing growth capital for top scaleups. He notes that pooling sovereign funds within Jolt Capital V allows for investments of meaningful scale in Europe’s strong deeptech pipeline.
• Eric Arnould underscores the confidence shown by major repeat LPs and the attraction of new subscribers due to Jolt Capital’s disciplined model and strong historic performance.
• The first closing reflects a high-quality, increasingly international LP base across France, Europe, and global institutions.
• Jolt Capital V aims to finance around twenty European deeptech companies in semiconductors, medical devices, advanced materials, applied AI, energy management, and technical software.
