Cottonwood Technology Fund
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 2010 |
| Founder | David Blivin |
| Headquarters | Santa Fe , United States |
Area served | United States, Europe |
Key people | Alain le Loux (Europe office manager) |
| Products | Venture capital investments in deep tech, hardware, advanced technology |
Cottonwood Technology Fund operates as a venture capital firm with locations in Santa Fe, New Mexico, United States, and Enschede, Netherlands. The firm specializes in impact-driven investments within the realms of deep tech, hardware, and advanced technology industries. Recently, Cottonwood finalized the closing of its third investment fund.
History
Established in 2010 by David Blivin in Santa Fe, Cottonwood extended its presence into Europe by 2014. The European office is situated on the innovation campus of the University of Twente in Enschede and is managed by Alain le Loux, who previously served on the Executive Committee at Getronics PinkRoccade and held CEO roles at several startups.
In November 2020, the firm initiated its third fund with a capital target of up to €100 million. Key contributors to this fund include Koninklijke KPN and Caterpillar.
Investments
Cottonwood Technology Fund primarily invests at the seed and early stages in privately held companies. Its investment portfolio encompasses industries such as photonics, electronics, advanced materials, nanotechnology, medical technology, advanced manufacturing, robotics, clean technology, and sectors involved in the renewable energy transition.
Since its inception in 2010, Cottonwood has backed more than 20 companies, including Skorpios Technologies, BayoTech, Sarcos, Infinitum Electric, SoundEnergy, OPNT, and Eurekite. A significant milestone occurred in 2019 when portfolio company Exagen Inc. successfully launched an initial public offering (Nasdaq: XGN).