The NATO Innovation Fund is marking a significant transition with the arrival of two new partners, Ulrich Quay and Sander Verbrugge, and the departure of founding team partner Kelly Chen. Amidst rising military expenditures among NATO members, investments in dual-use technology have soared since the Fund's inception in 2021. The Fund is now characterized by a flat three-partner model, with expectations of stability but no plans for additional hires. The new partners bring extensive experience from sectors reinforcing the Fund's strategic vision moving forward.
Investment in dual-use technology has skyrocketed since the NATO Innovation Fund was announced in 2021, seeing defense tech reach an all-time high of 10% of VC funding in Europe.
The NATO Innovation Fund is transitioning to a new model with three partners, as management challenges and high-profile departures affected its initial structure.
The new partners are Ulrich Quay and Sander Verbrugge, while Patrick Schneider-Sikorsky remains as the last member of the original investment team.
The shift to a flat, three-partner model suggests stability for the NATO Innovation Fund moving forward, with no immediate plans for new hires.
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