Cologne-Based DeepTech Investor neoteq Closes First Tranche of Second Venture Fund

Cologne‑based early‑stage investor neoteq announced that it has successfully closed the first closing of its second fund, marking a milestone in its fundraising efforts as the VC market recovers. In an interview, General Partner Simon Schneider discussed the improving market conditions, the high standards expected from founding teams, and the fund’s focus on DeepTech investments.

London-Based Agon Secures $30 Million Seed Round for AI-Powered Military Simulation Platform

British defence‑tech startup Agon, founded in 2026 by former British soldier Tristam Constant and entrepreneur Junaid Hussain, secured $30 million in seed funding from Lakestar, 201 Ventures, D3, XYZ Venture Capital, Lux Capital and Northzone. The money will be used to develop its AI‑powered virtual battlefield platform for training autonomous weapons systems and to grow its presence across Europe, with offices in London and Berlin.

German VC Visionaries Club Streamlines Team with GP-Led Model Shift

German VC Visionaries Club announced it will reduce its full‑time investment team to two lead partners, Rob Lacher and Venkat Kondragunta, as it gears up for a new GP‑led fund. The move follows departures of two investors and reflects a shift toward an AI‑native, “concentration” model for venture capital. Existing partners and junior investors remain, while the firm continues to back AI‑focused startups such as Lovable, Black Forest Labs and N8n.

German eVTOL Startup Lilium Files for Insolvency After Major Funding Deals Collapse

Lilium, the German eVTOL startup that aimed to revolutionise regional air transport, ran out of cash after a €100 million state‑guaranteed loan collapsed and a €150 million investment never materialised. The company entered insolvency in October 2024, giving it three months to find new backers, but it ultimately could not, leading to the shutdown of its facilities and the scrapping of its jets.