Fund profile / Finland

Cloudberry VC

Geography: Finland
Stage: Seed
Fund size: €30M
Focus: Deep Tech and Semiconductors
Signals: Published

N°01 / About

About Cloudberry VC

Cloudberry VC is Europe's first dedicated semiconductor-focused venture fund with €30M. Based in Helsinki and London, backed by strategic partners like GlobalFoundries. Invests €400K-€1M in pre-seed and seed stage startups working on semiconductors, photonics, and advanced materials.

N°02 / Thesis

Investment Focus

Location / RegionFinland

Funding StageSeed

Industry Focus

Deep Tech

Semiconductors

Investor Signals Profile

active

Sweet Spot

European pre-seed/seed founders building semiconductor, photonics, or advanced materials startups

semiconductors

photonics

heterogeneous computing

advanced materials

deep-tech hardware

wireless protocols

mixed-signal integration

chip design enablement

design-to-silicon paths

lab-to-fab scaling

Bullish Signals

€30M first close announced, actively seeking core portfolio companies nowblog

Strategic partners GlobalFoundries and Radiant provide portfolio companies manufacturing accessblog

Only European VC fully dedicated to semiconductors — no competition in nicheblog

Active at EPIC Summit — stronger pipeline, sharpened photonics thesislinkedin

European photonics ecosystem flagged as large and ambitiouslinkedin

Last Mile Semiconductor (DECT NR+): first silicon alive, customers queuedlinkedin

Mixed-signal integration expertise in Dresden team — brutally hard differentiationlinkedin

Fund already writing checks on proven technical execution + demand signalslinkedin

Racyics partnership provides proven design-to-silicon flows, eliminates first-time team costly loopslinkedin

EuroCDP Design Enablement Team status unlocks EU Chips Act grant maze accesslinkedin

Building operating system for European semiconductor and photonics startupslinkedin

Stacked ecosystem: Siemens Cre8Ventures EDA, GF/Radiant fabs, Racyics design, more cominglinkedin

Sponsoring GFx at GlobalFoundries GTS North America — direct founder-to-fab pipeline activesocial

Veera + René actively scouting founders in North America; global deal flow growingsocial

GFx Santa Clara track puts founders directly in front of fab decision-makerssocial

Co-sponsors GFx with Silicon Catalyst and Playground Global — credibility and reachsocial

Lab-to-fab acceleration core thesis; GFx is direct founder-to-wafer channelsocial

Contrarian Signals

Rejects software-style narratives; hardware timelines and capital intensity are non-negotiableblog

Not interested in incremental transistor shrink plays — wants architectural reinventionblog

Founder Do's

Show system-level innovation, not just incremental chip improvements

Highlight European roots and access to local manufacturing or research infrastructure

Demonstrate understanding of long timelines and capital intensity upfront

Connect your tech to AI, energy, mobility, or defense use cases

Engage early — Fund I is actively building its core portfolio now

Lead with first silicon + customer validation (not vaporware)

Leverage Racyics makeChip platform for design-to-tape-out flow

Connect with GFx or GF manufacturing — Cloudberry sponsors direct founder-to-fab pipeline

Attend GFx at GTS North America — meet fab partners and investors directly

Founder Don'ts

Don't pitch SaaS-style growth narratives for hardware companies

Don't underestimate scaling assumptions — misaligned timelines are a known failure mode

Don't approach without deep technical differentiation at the architecture or materials level

38 signals on Cloudberry VC

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Facts

Fund Overview

Fund Size€30M

Saves0

Website

People

Key People

Rene Kromhof, Veera Pietikäinen, Lawrence Lundy-Bryan, Tuomas Hollman, Lukas Steinmann

Cloudberry VC TeamGeneral Partners

Veera PietikäinenPartner

René KromhofPartner

Lawrence Lundy-BryanPartner

Tuomas HollmanPartner

Lukas SteinmannPartner

Holger EisenreichPartner / Advisor

Backers

Known LPs

GlobalFoundriesCorporate / Strategic

Radiant Opto-ElectronicsCorporate / Strategic

N°04 / See also

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