Nexus Tech Venture III
A late-stage venture fund backing AI infrastructure and decentralized computing companies that already generate revenue, ahead of their next growth round or IPO.
- Target return
- 22.5%/yr
- Min. entry
- €10,000
- Fund size
- €142M / €200M
- Liquidity
- 10-year term
Strategy
Nexus Tech Venture III invests in 15 to 20 European, North American and Israeli companies building the infrastructure layer of AI: GPU cloud, inference optimization, data pipelines and decentralized computing protocols.
The fund targets a 22.5% net annual return over its 10-year life. It only backs companies above €10M in annual revenue, which lowers early-stage failure risk while keeping venture-style upside.
AI infrastructure
70% of commitments in compute, data and tooling.
Late-stage only
Series B to pre-IPO, €10M+ revenue.
Proven manager
Funds I and II returned 2.4x and 1.9x net.
Performance
NAV per unit
€100.00First close May 2026 · issue price
Fund III is still investing, so its NAV stays at the €100.00 issue price until the first annual valuation in Jun 2027. The chart shows the net value of €100 invested in the manager's first fund, Nexus Tech Venture I (2016).
- Fund I (2016)
- 2.4x net
- Fund II (2020)
- 1.9x net
- Net IRR, Funds I–II
- +24.1%
- Fund III deployed
- 18%
Net of fees and carry. Past performance is not a reliable indicator of future results.
Portfolio breakdown
By segment (target)
- GPU cloud & compute30%
- Data infrastructure25%
- Decentralized computing20%
- AI developer tools15%
- AI security10%
By region (target)
- Europe55%
- North America35%
- Israel10%
| First investments | Country | Segment | Round | Committed |
|---|---|---|---|---|
| Voltcore Compute | France | GPU cloud | Series C | €9.5M |
| Datafjord | Norway | Data infrastructure | Series B | €7.0M |
| Meshnet Labs | Germany | Decentralized computing | Series B | €5.5M |
| Promptguard | Israel | AI security | Series B | €4.0M |
Fees & terms
- Management fee
- 2% / year
- Carried interest
- 20% above 8% hurdle
- Platform fee (subscription)
- 1%
- Term
- 10 years (+2 optional)
- Liquidity
- Closed-ended, transferable after 24 months
- Distributions
- At each exit
- NAV frequency
- Annual, then quarterly
- Domicile
- Luxembourg (RAIF)
- Token standard
- ERC-3643
- Custodian
- EU depositary bank
Risk
Summary risk indicator
Level 6 of 7
- Liquidity riskNo redemptions: capital is returned as companies exit.
- Valuation riskAI company valuations can reprice sharply between rounds.
- Concentration risk15 to 20 companies, up to 10% of the fund each.
- J-curveReturns are typically negative in the first 2–3 years.
You may lose part or all of your investment. Read the risk disclosure and the Key Information Document before investing.
Documents
-
Download
Private placement memorandum
PDF · 5.2 MB · Updated Apr 30, 2026
-
Download
Key Information Document (KID)
PDF · 0.4 MB · Updated Apr 30, 2026
-
Download
Funds I & II track record
PDF · 2.3 MB · Audited
-
Download
Q2 2026 investor letter
PDF · 0.9 MB · Jul 20, 2026
-
Download
Subscription agreement
PDF · 1.3 MB · E-signed at subscription