European Angel Fund Netherlands and Sioux both invest millions in second Sioux Tech Fund

Sioux is regularly involved as an investor in high-tech companies through the Sioux Tech Fund. After previous successful exits of companies such as Phenom-World and Liteq, Sioux has now set up a second investment fund together with the European Angel Fund (EAF) the Netherlands, advised by the European Investment Fund. Sioux and the EAF Netherlands will both invest 50% in this new fund. Both parties will invest five million in high-tech start-ups in the first phase. Sioux will manage the fund.

The first Sioux Tech Fund has made a number of very successful investments. At the end of 2014, the Fleetlogic investment was successfully transferred to TomTom Telematics. Halfway through 2017, the investment Liteq was taken over by Kulicke & Soffa, and at the end of 2017, the Phenom-World investment continued under Thermo Fisher Scientific.

Arnoud de Geus, Director of New Business Development at Sioux: “The joint investment fund offers start-ups opportunities for even more success. Solar vehicle manufacturer Lightyear has already received the first investment from the Sioux Tech Fund. And also in the field of medical high-tech, we are going to give new innovative ideas a chance for faster development of their technical innovations and accelerate their market introduction.”

Kriss Spulis, Investment Manager at European Investment Fund: “Hans Duisters and Sioux have a successful track record in supporting promising start-ups in the high-tech industry. We like to work with individuals like Mr. Duisters and companies such as Sioux, which aim to provide high-quality innovation and production in Europe and the Netherlands in particular.”