What's New In Investments, Funds: Nemesis Technologies, "DeepTech" Sector

Editorial Staff

21 December 2022

, a venture capital fund that concentrates on “deeptech,” says it has chalked up “nine-figure backing” from a range of Asian, European and US clients, including family offices.

Set up throughout 2022, Nemesis Technologies taps into areas such as artificial intelligence, machine learning, quantum computing, robotics, biotechnology, and advanced materials.

The VC firm was founded by Japan-based Pierre Mauries, who used to work at private equity giant Carlyle Group.

“This is just the most critical time to be championing deeptech. It really is an age of life and planet-changing advances – but only if the greatest brains working on sustainable frontier technology solutions for the future have the funding to develop and prove the worth of their innovations,” Mauries, general partner and chief investment officer, said in a statement.

The “deeptech” area has risen rapidly in investment terms, rising to $60 billion in 2020 from $15 billion in 2016, according to figures provided by Nemesis Technology. The firm said that the median “deeptech unicorn" (a startup with a market value of $1 billion) takes $115 million of capital and 5.2 years to get there, and with 120 recent deeptech unicorns with a combined value of $463 billion.

The fund operates from its Tokyo, Hong Kong, London, and New York City offices.

Among recent appointments, Nemesis Technologies named Katherine Verrier-Frechette as managing partner and global head of deeptech solutions.