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National Wealth Fund

Investor profile

Investment firmVenture capital

National Wealth Fund has backed 4 European tech companies across 4 funding rounds between 2025 and 2026, joining rounds totalling €2.9B. Most active in Energy and Cybersecurity. Data as of 4 Nov 2026.

Also recorded as: The National Wealth Fund

Deals
4
distinct rounds
Companies
4
backed
Active span
2025–2026
2 yrs
Total round €
€2.9B
sum of rounds joined

Deals by year

distinct rounds / year
National Wealth Fund — deals by year — interactive chart.
Data table
National Wealth Fund — deals by year
20252
20262

Top sectors

by deals
National Wealth Fund — top sectors — interactive chart.
Data table
National Wealth Fund — top sectors
Energy1
Cybersecurity1
Telecom1
Transportation1

Stages

by deals
National Wealth Fund — stages — interactive chart.
Data table
National Wealth Fund — stages
Other3
Debt1

Countries

by deals
National Wealth Fund — countries — interactive chart.
Data table
National Wealth Fund — countries
UK4

Co-investment network

shared rounds
Co-investment network — interactive chart.
National Wealth Fund — 4 dealsNational Wealth FundABN AMRO — 1 shared deals · click to openABN AMROAntin Infrastructure Partners — 1 shared deals · click to openAntin Infrastructure PartnersAviva Investors — 1 shared deals · click to openAviva InvestorsBBVA — 1 shared deals · click to openBBVACrédit Agricole CIB — 1 shared deals · click to openCrédit Agricole CIBGoldman Sachs Alternatives — 1 shared deals · click to openGoldman Sachs AlternativesHonda Xcelerator Ventures — 1 shared deals · click to openHonda Xcelerator VenturesING — 1 shared deals · click to openINGInterogo Holding — 1 shared deals · click to openInterogo HoldingIntesa Sanpaolo — 1 shared deals · click to openIntesa SanpaoloKorea Development Bank — 1 shared deals · click to openKorea Development BankLloyds Bank — 1 shared deals · click to openLloyds BankMubadala Capital — 1 shared deals · click to openMubadala CapitalNatwest — 1 shared deals · click to openNatwestSEB Venture Capital — 1 shared deals · click to openSEB Venture CapitalSociété Générale — 1 shared deals · click to openSociété Générale

Hover a node for shared-deal counts; click a co-investor to open its profile.

Best viewed on a larger screen.

Frequent co-investors

shared rounds

Portfolio

top 30 by total round €
CompanyCountryRoundsTotal €
CityFibreUK1€2.7B
NexeonUK1€117M
Connected KerbUK1€78M
RowdenUK1€29M

Biggest deals

top 10 by amount
CompanyStageAmountDate
CityFibreDebt€2.7B2025-07
Connected KerbOther€78M2025-02
RowdenOther€29M2026-05
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