Jolt Capital has announced the first closing of its newest fund, Jolt Capital V, at 600 million euros. The European private equity firm, known for its focus on growth deeptech companies, set a hard cap of 1.1 billion euros for the vehicle. The new fund continues Jolt Capital’s long-standing investment strategy of backing European scaleups built on distinctive intellectual property and helping them become global industry leaders.
The Article 9 fund, classified under SFDR, received strong support from a broad mix of investors. Sovereign wealth funds made up a significant share of the commitments, including both returning backers and new participants. Additional investors included insurance companies, European banks, pension funds, and family offices, with multiple LPs returning from previous fund vintages. A significant contribution came from the European Investment Fund, which committed 260 million euros, supported by the ETCI program, following the September 2025 announcement.
The firm noted that ongoing geopolitical trends have validated its long-term strategy. The return of industrial priorities, the rise of dual-use technologies, and concerns around sovereignty have reinforced the importance of supporting European deeptech champions. Jolt Capital has already seen several successful exits this year, including NILT in diffractive optics and UnitySC in semiconductor metrology.
The launch of Jolt Capital V coincides with the firm’s expansion, which now includes 45 team members representing 15 nationalities. Jolt Capital has recently opened and strengthened offices in Canada, Japan, and South Korea to expand its global reach. Its proprietary AI platform, Jolt.Ninja, continues scaling as well, now covering five million companies and entering a broader deployment phase supporting deeptech seed funds and corporate venture groups.
With investors across France, Europe, and international markets participating in the first closing, the firm highlighted the growing institutionalization and global diversification of its LP base. Jolt Capital V is expected to finance around twenty deeptech companies across sectors such as semiconductors, medical devices, technical software, advanced materials, applied artificial intelligence, and energy management.
KEY QUOTES:
“Most countries now recognize the importance for their sovereignty of having access to cutting-edge technologies in order to reduce the risk of dependence on the U.S.–China duopoly. As startup financing is now fairly well covered, sovereign wealth funds have understood the need to contribute to the next level of growth capital, particularly by compensating for the lack of targeted allocation of savings toward the best technological scaleups. Moreover, these sovereign funds have also become aware of the need to pool their resources—for example by combining them within this Jolt Capital V fund—in order to deploy investments of sufficient size into the most promising companies. With its substantial pipeline of scaleups ready to move to the next level, Europe is more than ever asserting itself as a natural destination for deeptech investors.”
Jean Schmitt, President and Managing Partner of Jolt Capital
“That several major LPs from our previous funds are among the subscribers to this new vintage from the very first closing is a sign of confidence in Jolt Capital’s signature model, based on disciplined investments in companies with differentiated intellectual property, sourcing supported by our proprietary AI platform Jolt.Ninja, and metronomic processes for growth support. There is no doubt that the consistent performance and strong returns of our previous funds were also decisive in attracting new subscribers and securing the continued loyalty of existing ones.”
Eric Arnould, General Partner and Head of Investor Relations
