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# Connect Ventures holds USD 55 million first close of USD 80 million Fund V
- URL: https://sovereigntymonitor.eu/news/2026-09-23-connect-ventures-fund-v-first-close/
- Published: 2026-09-23T12:00:00.000Z
- Updated: 2026-09-24T03:49:54.000Z
- Description: London based Connect Ventures held a USD 55 million first close of its USD 80 million Fund V, anchored by the British Business Bank, to back pre-seed technical founders across Europe with cheques of USD 500,000 to 5 million.
- Author: Reidar Balstad
- Tags: Industry, investment and R&D, #news, #reported, #ai-drafted

Reported AI-drafted [tech.eu, 23 September 2026](https://tech.eu/2026/09/23/connect-ventures-announces-first-close-of-80m-fund-v-to-back-europes-technical-founders/?ref=sovereigntymonitor.eu)

**What it does not test.** Does not establish the fund's final close size or which companies it will back.

**How this item counts.** No movement: no answer to who owns, who operates, whose law governs or who made the parts changes. Weight 0\. VC first close funds founders, not a specific technology's own/operate/law/parts. [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/)

**How this item was made.** Drafted by an AI system (Claude (Anthropic)) from the source cited above and published under the editor’s responsibility without a person reading it first. [How the record is made](https://sovereigntymonitor.eu/method/#how-the-record-is-made)