Beyond AI: Six startup opportunities in Europe
Six sectors where European expertise, needs and regulatory changes are opening up new markets for European start-ups.
Read on SubstackMatching funds
150
Total volume
€21.1bn
Median fund size
€76m
Disclosed sizes only. Funds under €10m are not tracked.
Funds
150 of 150 funds
Updated 21 Oct 2026
- Enzo Ventures
Barcelona, Spain · 19 Oct 2026
Pre-seed fund for Southern European founders and diaspora
- Stage
- Pre-Seed
- All sectors
- Generalist
- Invests in
- Southern Europe
- Manager
- Emerging manager, fund 2
- Nauta Capital
London, United Kingdom · 15 Oct 2026
Capital-efficient B2B software plus pre-seed deeptech via Nauta Labs
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- B2B Software, Deep Tech
- Invests in
- Europe
- Close
- First Close
- Manager
- Fund 6
- Public LPs
- British Business Bank, SETT
- Sprints Capital
London, United Kingdom · 13 Oct 2026
Concentrated growth portfolio in marketplaces, financial services and software
- Stage
- Series B, Series C, Growth
- All sectors
- Fintech, B2B Software, Consumer
- Invests in
- Europe
- Close
- Final Close
- Manager
- Fund 5
- Turbine Capital
Stockholm, Sweden · 9 Oct 2026 · Converted, FX
Early-stage Nordic deeptech with industrial investors as LPs and partners
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- Deep Tech, Industrial Tech, Defence & Security, Climate & Energy
- Invests in
- Nordics
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Size as reported
- SEK 608m
- Public LPs
- Saminvest, EIF
- PSV Tech
Kongens Lyngby, Denmark · 8 Oct 2026
Nordic pre-seed fund investing before product-market fit
- Stage
- Pre-Seed
- All sectors
- AI, B2B Software
- Invests in
- Nordics
- Close
- Final Close
- Manager
- Emerging manager, fund 2
- Public LPs
- EIFO
- GapMinder Ventures
Amsterdam, Netherlands · 2 Oct 2026 · Converted, FX
Pre-seed to Series A, technology: B2B, deeptech and SaaS
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- Deep Tech, B2B Software
- Invests in
- Romania, South Eastern Europe and diaspora
- Close
- Final Close
- Manager
- Fund 2
- Size as reported
- USD 85 million
- Public LPs
- EIF, EBRD
- LAUNCHub Ventures
Sofia, Bulgaria · 1 Oct 2026
Pre-seed/seed in CEE, SEE and diaspora, cheques EUR 0.3-3m
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- CEE | SEE
- Close
- First Close
- Manager
- Fund 3
- Public LPs
- EIF, EBRD
- Dig Ventures
London, United Kingdom · 1 Oct 2026 · Converted, FX
Third fund of MuleSoft founder Ross Mason, focused on AI infrastructure
- Stage
- Pre-Seed, Seed
- All sectors
- AI, B2B Software
- Invests in
- Pan-European
- Manager
- Fund 3
- Size as reported
- USD 120m
- Headline
San Francisco, United States · 1 Oct 2026
Eighth European early-stage fund with an AI focus
- Stage
- Seed, Series A
- All sectors
- AI
- Invests in
- Pan-European
- Manager
- Fund 8
- Vertis SGR
Naples, Italy · 29 Sept 2026
Regional fund for innovative start-ups and SMEs based in Lazio, seed to late growth
- Stage
- Seed, Series A, Series B, Growth
- All sectors
- Generalist
- Invests in
- Italy (Lazio)
- Close
- First Close
- Manager
- Fund 8
- Eureka! Venture SGR
Milan, Italy · 28 Sept 2026
Deep tech spin-offs and startups from research to industrialization
- Stage
- Seed, Series A
- All sectors
- Deep Tech, Climate & Energy, Industrial Tech, Defence & Security
- Invests in
- Italy
- Close
- First Close
- Manager
- Emerging manager, fund 2
- Sofinnova Partners
Paris, France · 28 Sept 2026
Medtech company creation fund building startups from inception
- Stage
- Pre-Seed
- All sectors
- Health & Bio
- Invests in
- Europe | US
- Close
- Final Close
- Manager
- Fund 4
- DTCP
Hamburg, Germany · 24 Sept 2026
Growth fund for European defence and security technology
- Stage
- Series B, Growth
- All sectors
- Defence & Security
- Invests in
- Pan-European
- Close
- First Close
- Manager
- Fund 1
- Public LPs
- EIFO, SmartCap
- Connect Ventures
London, United Kingdom · 23 Sept 2026 · Converted, FX
Pre-seed fund for European teams with deep technical founders
- Stage
- Pre-Seed
- All sectors
- Generalist
- Invests in
- Pan-European
- Close
- First Close
- Manager
- Fund 5
- Size as reported
- USD 55m first close of USD 80m fund
- Public LPs
- British Business Bank
- NewSchool VC
Knokke-Heist, Belgium · 21 Sept 2026
Pre-seed fund for Belgian B2B SaaS founders
- Stage
- Pre-Seed, Seed
- All sectors
- B2B Software
- Invests in
- Belgium
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Brighteye Ventures
London, United Kingdom · 16 Sept 2026 · Converted, FX
Early-stage fund for learning and future-of-work startups
- Stage
- Seed, Series A
- All sectors
- AI, B2B Software, Health & Bio
- Invests in
- Pan-European
- Close
- First Close
- Manager
- Fund 3
- Size as reported
- USD 72m
- Public LPs
- EIF
- Seed Capital
Copenhagen, Denmark · 11 Sept 2026
Nordic seed to Series A fund for fintech and AI-driven B2B
- Stage
- Seed, Series A
- All sectors
- Fintech, AI, B2B Software, Defence & Security
- Invests in
- Nordics
- Manager
- Fund 5
- The Techshop
Milan, Italy · 8 Sept 2026
Vertical AI B2B software, at least 70% in EU/EEA companies with Italian establishment
- Stage
- Pre-Seed, Seed
- All sectors
- AI, B2B Software
- Invests in
- Italy | Europe
- Close
- First Close
- Manager
- Fund 2
- Public LPs
- CDP Venture Capital
- Molten Ventures
London, United Kingdom · 7 Sept 2026 · Converted, FX
Growth fund of listed VC Molten, cornerstoned by British Business Bank
- Stage
- Growth
- All sectors
- Generalist
- Invests in
- UK | Europe
- Close
- First Close
- Manager
- Fund 1
- Size as reported
- GBP 175m first close of GBP 350m target
- Public LPs
- British Business Bank
- Auxxo
Berlin, Germany · 1 Sept 2026
Fund backing female-led European startups at pre-seed and seed
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- DACH
- Close
- Final Close
- Manager
- Emerging manager, fund 2
- Public LPs
- EIF
- RunwayVC
Fornebu, Norway · 25 Aug 2026
Industrial AI, sensors, robotics and autonomy
- Stage
- Pre-Seed, Series A
- All sectors
- Industrial Tech, AI, Deep Tech
- Invests in
- Nordics
- Close
- First Close
- Manager
- Fund 2
- Public LPs
- Investinor
- QuantumLight
London, United Kingdom · 18 Aug 2026 · Converted, FX
Systematic growth-stage investing with proprietary AI model Aleph
- Stage
- Series B, Series C, Growth
- All sectors
- AI, Fintech, B2B Software, Health & Bio, Deep Tech
- Invests in
- Global
- Manager
- Fund 2
- Size as reported
- USD 500m
- IronWave
Paris, France · 15 Aug 2026
Later-stage European technology companies, spin-out of two ex-Wendel Growth partners
- Stage
- Growth
- All sectors
- Generalist
- Invests in
- Europe
- Close
- First Close
- Manager
- Emerging manager, fund 1
- Accel
London, United States · 12 Aug 2026 · Converted, FX
Ninth early-stage fund dedicated to Europe and Israel
- Stage
- Seed, Series A
- All sectors
- Generalist
- Invests in
- Europe | Israel
- Manager
- Fund 9
- Size as reported
- USD 800m
- Highland Europe
London, United Kingdom · 30 Jul 2026
Growth fund for European technology scale-ups
- Stage
- Growth
- All sectors
- B2B Software
- Invests in
- Pan-European
- Manager
- Fund 6
- Koinos Capital SGR
Milan, Italy · 27 Jul 2026
Founder-backed fund supporting new technology companies, incl. AI and robotics
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- AI, Generalist
- Invests in
- Italy
- Close
- Final Close
- Manager
- Fund 1
- Lakestar
Zurich, Switzerland · 17 Jul 2026 · Converted, FX
Defence, security and resilience technology across the European defence stack
- Stage
- Seed, Series A, Series B, Growth
- All sectors
- Defence & Security, Deep Tech, AI
- Invests in
- Europe
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Size as reported
- USD 300m
- Norrsken Evolve
Amsterdam, Netherlands · 15 Jul 2026
Pre-seed climate, health and resilience, up to EUR 500k per company
- Stage
- Pre-Seed
- All sectors
- Climate & Energy, Health & Bio, AI, Deep Tech
- Invests in
- Europe
- Public LPs
- EIF, Saminvest, SmartCap
- Expeditions
Warsaw, Poland · 7 Jul 2026
Fund backing European defence and security founders early
- Stage
- Seed, Series A
- All sectors
- Defence & Security
- Invests in
- CEE
- Close
- Final Close
- Manager
- Emerging manager, fund 2
- Public LPs
- EIF, PFR, Polish Development Bank, NATO Innovation Fund
- Panakes Partners
Milan, Italy · 2 Jul 2026
Italian therapeutic startups bridging science to later-stage investability, with BII platform
- Stage
- Seed
- All sectors
- Health & Bio
- Invests in
- Italy
- Close
- First Close
- Manager
- Emerging manager, fund 1
- Tapestry VC
London, United Kingdom · 1 Jul 2026 · Converted, FX
Seed fund backing repeat founders in Europe and North America
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- Europe | North America
- Manager
- Fund 3
- Size as reported
- USD 80m (EUR 70m per source)
- Public LPs
- British Business Bank
- Osney Capital
London, United Kingdom · 29 Jun 2026 · Converted, FX
Debut seed fund for cybersecurity startups in the UK and Canada
- Stage
- Pre-Seed, Seed
- All sectors
- Defence & Security
- Invests in
- UK | Canada
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Size as reported
- GBP 60m (hard cap; GBP 50m reported 2025-04-07)
- Public LPs
- British Business Bank
- Norrsken Launcher
Stockholm, Sweden · 22 Jun 2026
Impact fund for market-first European startups
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- Pan-European
- Manager
- Emerging manager, fund 2
- Seedcamp
London, United Kingdom · 22 Jun 2026 · Converted, FX
Flagship early-stage fund for European founders in software, AI and science
- Stage
- Pre-Seed, Seed
- All sectors
- AI, B2B Software, Deep Tech
- Invests in
- Pan-European
- Manager
- Fund 7
- Size as reported
- USD 220m (plus USD 100m Select Fund II, not counted)
- Wave Ventures
Helsinki, Finland · 17 Jun 2026
Gen-Z run fund for earliest-stage Nordic founders
- Stage
- Pre-Seed
- All sectors
- Generalist
- Invests in
- Nordics
- Close
- Final Close
- Manager
- Fund 3
- Anterra Capital
Amsterdam, Netherlands · 15 Jun 2026 · Converted, FX
AI-enabled company building in food and agriculture (agtech, animal health, crop protection)
- Stage
- Seed, Series A
- All sectors
- Food & Agri, AI
- Invests in
- Global
- Close
- First Close
- Manager
- Fund 3
- Size as reported
- USD 100m (target USD 200m)
- Angel Invest
Berlin, Germany · 11 Jun 2026
Angel, pre-seed and seed investments
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- Europe
- Close
- Final Close
- Manager
- Fund 3
- Pitchdrive
Antwerp, Belgium · 9 Jun 2026
AI-native companies, concentrated portfolio of 25-30 startups
- Stage
- Pre-Seed, Seed
- All sectors
- AI
- Invests in
- Europe
- Manager
- Fund 4
- THENA Capital
London, United Kingdom · 8 Jun 2026 · Converted, FX
All-female GP medtech and women's health fund for UK startups
- Stage
- Seed
- All sectors
- Health & Bio
- Invests in
- UK
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Size as reported
- GBP 45m (first close GBP 27m, 2025-03-24)
- Public LPs
- British Business Bank
- Creator Fund
London, United Kingdom · 8 Jun 2026 · Converted, FX
Pre-seed fund for scientist founders in European deep tech
- Stage
- Pre-Seed
- All sectors
- Deep Tech, AI, Health & Bio
- Invests in
- Pan-European
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Size as reported
- USD 56m
- Public LPs
- EIFO, KfW Capital
- Curiosity VC
Amsterdam, Netherlands · 5 Jun 2026
Vertical AI fund for early-stage European founders
- Stage
- Pre-Seed, Seed
- All sectors
- AI
- Invests in
- Pan-European
- Close
- First Close
- Manager
- Emerging manager, fund 2
- Merantix Capital
Berlin, Germany · 4 Jun 2026
Pre-idea to seed fund for applied and physical AI across Europe
- Stage
- Pre-Seed, Seed
- All sectors
- AI
- Invests in
- Pan-European
- byFounders
Copenhagen, Denmark · 2 Jun 2026
Founder-first Nordic early-stage fund, community-powered model
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- Nordics
- Close
- Final Close
- Manager
- Fund 3
- Cleo Ventures
Paris, France · 22 May 2026
AI-only pre-seed and seed fund backed by AI founders
- Stage
- Pre-Seed, Seed
- All sectors
- AI
- Invests in
- Pan-European
- Manager
- Emerging manager, fund 2
- Mouro Capital
London, United Kingdom · 19 May 2026 · Converted, FX
Global fintech fund backed by Santander, seed to Series C
- Stage
- Seed, Series A, Series B, Series C
- All sectors
- Fintech, AI
- Invests in
- Global
- Close
- First Close
- Manager
- Fund 3
- Size as reported
- USD 400m (BeBeez: EUR 343.4m)
- Ship2B Ventures
Barcelona, Spain · 7 May 2026
Pediatric health fund investing in research-based spinouts from academia and hospitals
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- Health & Bio
- Invests in
- Europe
- Close
- First Close
- Public LPs
- EIF, CDTI Innvierte
- Earlybird Venture Capital
Berlin, Germany · 30 Apr 2026
Early-stage fund for AI applications, software infrastructure and deep tech
- Stage
- Seed, Series A
- All sectors
- AI, B2B Software, Deep Tech
- Invests in
- Pan-European
- Manager
- Fund 8
- KOMPAS VC
Horsholm, Denmark · 29 Apr 2026
Industrial tech fund backing Industry 4.0 founders in Europe
- Stage
- Seed, Series A, Series B
- All sectors
- Industrial Tech
- Invests in
- Pan-European
- Close
- Final Close
- Manager
- Emerging manager, fund 2
- Kurma Partners
Paris, France · 23 Apr 2026
Venture creation and early-stage biotech fund for therapies for severe diseases
- Stage
- Seed, Series A
- All sectors
- Health & Bio
- Invests in
- Pan-European
- Close
- Final Close
- Manager
- Fund 4
- Public LPs
- EIF, Bpifrance
- Eka Ventures
London, United Kingdom · 13 Apr 2026 · Converted, FX
UK impact fund for health, essential services and sustainable consumption
- Stage
- Pre-Seed, Seed
- All sectors
- Health & Bio, Consumer, Climate & Energy
- Invests in
- UK
- Close
- Final Close
- Manager
- Emerging manager, fund 2
- Size as reported
- GBP 80m (USD 107m)
- Public LPs
- British Business Bank
- Credo Ventures
Prague, Czech Republic · 24 Mar 2026 · Converted, FX
Pre-seed fund for CEE founders building global products
- Stage
- Pre-Seed
- All sectors
- Generalist
- Invests in
- CEE
- Manager
- Fund 5
- Size as reported
- USD 88m
- Air Street Capital
London, United Kingdom · 23 Mar 2026 · Converted, FX
Solo-GP fund for AI-first companies, mainly early stage
- Stage
- Seed, Series A
- All sectors
- AI, Deep Tech, Defence & Security
- Invests in
- Europe | North America
- Manager
- Fund 3
- Size as reported
- USD 232.3m
- 360 Capital
Paris, France · 23 Mar 2026
Deeptech fund built with Politecnico di Milano ecosystem
- Stage
- Seed, Series A
- All sectors
- Deep Tech
- Invests in
- Italy
- Close
- First Close
- Public LPs
- EIF, CDP Venture Capital
- Montis VC
Warsaw, Poland · 20 Mar 2026
Energy transition and industrial tech fund for Poland
- Stage
- Pre-Seed, Seed
- All sectors
- Climate & Energy, Industrial Tech
- Invests in
- CEE
- Close
- First Close
- Manager
- Emerging manager, fund 1
- Public LPs
- EIF, PFR Ventures
- Partech
Paris, France · 17 Mar 2026
Growth impact fund for B2B companies with more than EUR10m revenue
- Stage
- Growth
- All sectors
- Climate & Energy, Industrial Tech, Health & Bio, Mobility
- Invests in
- Pan-European
- Close
- Final Close
- Manager
- Fund 1
- Public LPs
- EIF, British Business Bank, Bpifrance, SETT, COFIDES
- daphni, Les Determines, Live for Good, HEC Paris (alliance)
Paris, France · 12 Mar 2026
Fund backing founders outside traditional venture networks in France
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- France
- Close
- First Close
- UVC Partners
Munich, Germany · 12 Mar 2026
Growth capital for deeptech scale-ups, initial cheques up to EUR 15m
- Stage
- Series B, Series C, Growth
- All sectors
- Deep Tech, Defence & Security, Climate & Energy, Mobility
- Invests in
- Europe
- Close
- First Close
- Elaia
Paris, France · 12 Mar 2026
Deeptech seed fund for French and European B2B founders
- Stage
- Pre-Seed, Seed
- All sectors
- Deep Tech, B2B Software
- Invests in
- France
- Close
- Final Close
- Manager
- Fund 3
- Public LPs
- Bpifrance
- Samaipata
Madrid, Spain · 11 Mar 2026
Early-stage fund for European digital businesses
- Stage
- Seed, Series A
- All sectors
- AI, B2B Software
- Invests in
- Iberia
- Close
- First Close
- Manager
- Fund 3
- Public LPs
- KfW, SETT
- FIRSTPICK
Vilnius, Lithuania · 6 Mar 2026
Inception and pre-seed fund for AI-first Baltic software founders
- Stage
- Pre-Seed
- All sectors
- AI, B2B Software
- Invests in
- Baltics
- Manager
- Emerging manager, fund 2
- Public LPs
- ILTE, Lithuanian Ministry of Economy and Innovation
- Quantonation
Paris (+ New York), France · 22 Feb 2026
Early-stage fund for quantum and physics-based startups
- Stage
- Seed, Series A
- All sectors
- Deep Tech
- Invests in
- Global (Europe focus)
- Manager
- Emerging manager, fund 2
- Public LPs
- EIF, Bpifrance
- OSS Ventures
Paris, France · 18 Feb 2026
Follow-on fund scaling industrial B2B software companies created by the OSS studio
- Stage
- Growth
- All sectors
- B2B Software, Industrial Tech
- Invests in
- Europe | US
- Close
- First Close
- Constructor Capital
Zurich, Switzerland · 4 Feb 2026 · Converted, FX
University-research-based startups via network of 50+ universities
- Stage
- Seed, Series A
- All sectors
- Deep Tech, AI, B2B Software
- Invests in
- Global
- Manager
- Emerging manager, fund 1
- Size as reported
- USD 110m
- SlateVC
Paris, France · 4 Feb 2026
Growth fund for proven European B2B climate companies
- Stage
- Series A, Series B, Series C
- All sectors
- Climate & Energy
- Invests in
- Pan-European
- Close
- First Close
- Manager
- Emerging manager, fund 1
- Public LPs
- EIF, Bpifrance
- Mundi Ventures (Kembara)
not found (offices Madrid, London, Barcelona, Paris), Spain · 4 Feb 2026
Growth fund for European deep tech and climate scale-ups
- Stage
- Series B, Series C
- All sectors
- Deep Tech, Climate & Energy, Defence & Security
- Invests in
- Pan-European
- Close
- First Close
- Manager
- Fund 5
- Public LPs
- EIF
- Elaia
Paris, France · 1 Feb 2026
IP-driven European tech from pre-seed to Series B across AI, cybersecurity, techbio and industrial innovation
- Stage
- Pre-Seed, Seed, Series A, Series B
- All sectors
- B2B Software, AI, Deep Tech
- Invests in
- Pan-European
- Close
- First Close
- Manager
- Fund 5
- Public LPs
- Bpifrance
- daphni
Paris, France · 29 Jan 2026
Fund backing European science-driven deeptech founders
- Stage
- Seed, Series A
- All sectors
- Deep Tech
- Invests in
- Pan-European
- Close
- Final Close
- Manager
- Emerging manager, fund 2
- b2venture
St. Gallen, Switzerland · 28 Jan 2026
Industry-agnostic early-stage, deep tech and AI, about 35 startups
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- Deep Tech, AI, Industrial Tech
- Invests in
- Europe
- Close
- Final Close
- Manager
- Fund 5
- The Footprint Firm
Copenhagen, Denmark · 27 Jan 2026
Green transition deeptech fund for the Nordics
- Stage
- Pre-Seed, Seed
- All sectors
- Climate & Energy, Deep Tech
- Invests in
- Nordics
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Public LPs
- EIFO
- 2150
London, United Kingdom · 26 Jan 2026
Urban and industrial climate tech fund for Europe
- Stage
- Series A
- All sectors
- Climate & Energy
- Invests in
- Pan-European
- Close
- Final Close
- Manager
- Emerging manager, fund 2
- Public LPs
- EIFO
- Ananda Impact Ventures
Munich, Germany · 19 Jan 2026
Impact fund backing early-stage European founders
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- DACH
- Close
- First Close
- Manager
- Fund 5
- Public LPs
- EIF, NRW.BANK
- PSV
Kongens Lyngby, Denmark · 16 Dec 2025
Science-based deeptech and university spinouts in the Nordics
- Stage
- Seed, Series A
- All sectors
- Deep Tech, Industrial Tech
- Invests in
- Nordics
- Close
- Final Close
- Future Energy Ventures
Berlin, Germany · 16 Dec 2025
Energy tech fund for digital, asset-light grid and flexibility solutions
- Stage
- Series A, Series B
- All sectors
- Climate & Energy
- Invests in
- Pan-European
- Manager
- Emerging manager, fund 2
- Public LPs
- EIF, KfW Capital, BGK
- Future Energy Ventures
Berlin, Germany · 16 Dec 2025
Dedicated Italy energy tech fund, fully financed by CDP
- Stage
- Series A, Series B
- All sectors
- Climate & Energy
- Invests in
- Italy
- Manager
- Emerging manager
- Public LPs
- CDP Venture Capital
- Kibo Ventures
Madrid, Spain · 15 Dec 2025
Fund backing Spanish and European founders at seed and Series A
- Stage
- Seed, Series A
- All sectors
- Generalist
- Invests in
- Iberia
- Close
- First Close
- Manager
- Fund 4
- Public LPs
- EIF, CDTI Innvierte
- Cofounder VC
Warsaw, Poland · 11 Dec 2025 · Converted, FX
Early growth CEE tech past seed, tickets EUR 1-3m
- Stage
- Growth
- All sectors
- Generalist
- Invests in
- CEE
- Close
- First Close
- Size as reported
- PLN 48.5m (Perplexity only)
- Public LPs
- PFR
- Catalpa Ventures
Luxembourg, Luxembourg · 9 Dec 2025
Pre-seed and seed fund for European digital health startups
- Stage
- Pre-Seed, Seed
- All sectors
- Health & Bio
- Invests in
- Pan-European
- Close
- First Close
- Manager
- Emerging manager, fund 1
- Draper B1
Valencia, Spain · 2 Dec 2025
Frontier tech founders (AI, spacetech, cyber), helping European startups reach the US
- Stage
- Seed
- All sectors
- Deep Tech, AI, Defence & Security
- Invests in
- Europe | US
- Shapers
Lisbon, Portugal · 18 Nov 2025 · Converted, FX
Founder-first Europe fintech fund, seed and Series A, cheques EUR 0.5-4m
- Stage
- Seed, Series A
- All sectors
- Fintech
- Invests in
- Europe
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Size as reported
- USD 75m
- Ship2B Ventures
Barcelona, Spain · 18 Nov 2025
Impact fund for startups serving vulnerable groups, decarbonisation and ecosystem regeneration
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- Health & Bio, Climate & Energy
- Invests in
- Spain | Europe
- Close
- First Close
- Manager
- Fund 2
- Public LPs
- EIF
- Keen Venture Partners
Amsterdam, Netherlands · 18 Nov 2025
Dedicated European defence and security technology fund
- Stage
- Seed, Series A, Series B
- All sectors
- Defence & Security
- Invests in
- Pan-European
- Close
- First Close
- Public LPs
- EIF
- XAnge (Siparex Group)
Paris, France · 17 Nov 2025
European founders building internationally scalable companies, lead tickets EUR 1-15m
- Stage
- Seed, Series A, Series B
- All sectors
- AI, Deep Tech, Climate & Energy
- Invests in
- Europe
- Close
- First Close
- Manager
- Fund 5
- Public LPs
- EIF, Bpifrance
- Sofinnova Partners
Paris, France · 17 Nov 2025
Flagship early-stage biotech and medtech fund
- Stage
- Seed, Series A
- All sectors
- Health & Bio
- Invests in
- Europe | North America
- Manager
- Fund 11
- Medicxi
London, United Kingdom · 14 Nov 2025
Asset-centric biotech company creation and investments at all stages
- Stage
- Seed, Series A, Series B, Growth
- All sectors
- Health & Bio
- Invests in
- Global
- Manager
- Fund 5
- Backed VC
London, United Kingdom · 13 Nov 2025 · Converted, FX
Pre-seed and seed fund for frontier-tech founders with global ambition
- Stage
- Pre-Seed, Seed
- All sectors
- Deep Tech, AI, Fintech
- Invests in
- Pan-European
- Manager
- Fund 3
- Size as reported
- USD 100m (cap)
- Oyster Bay
Hamburg, Germany · 11 Nov 2025
Impact-driven investing in the global food system and food supply chain tech
- Stage
- Seed, Series A
- All sectors
- Food & Agri
- Invests in
- Europe
- Close
- Final Close
- Manager
- Fund 2
- Public LPs
- KfW, EIF
- Unconventional Ventures
Denmark · 11 Nov 2025
Early-stage impact tech with at least one underrepresented founder on core team (climate, health, education)
- Stage
- Pre-Seed, Seed
- All sectors
- Climate & Energy, Health & Bio, Consumer
- Invests in
- Nordics
- Close
- First Close
- Manager
- Fund 2
- Public LPs
- EIF, EIFO
- TIN Capital
Amsterdam, Netherlands · 6 Nov 2025
European cybersecurity fund backing early-stage cyber founders
- Stage
- Series A, Series B
- All sectors
- Defence & Security
- Invests in
- Pan-European
- Close
- Final Close
- Manager
- Fund 5
- Public LPs
- EIF, Invest-NL
- Alternative Capital Partners SGR (Step Venture)
Milan, Italy · 6 Nov 2025
Seed fund for Italian tech founders as first institutional investor
- Stage
- Seed
- All sectors
- Generalist
- Invests in
- Italy
- Close
- First Close
- Public LPs
- CDP Venture Capital
- Forbion
Naarden, Netherlands · 5 Nov 2025
Biotech and green chemistry for industrial sustainability in food, agriculture, materials
- Stage
- Series A, Series B
- All sectors
- Food & Agri, Climate & Energy, Industrial Tech
- Invests in
- Europe | North America
- Close
- Final Close
- Manager
- Fund 1
- Public LPs
- KfW Capital, EIFO
- Armilar Venture Partners
Lisbon, Portugal · 5 Nov 2025
B2B startups at the intersection of digital technology and hard science
- Stage
- Series A
- All sectors
- B2B Software, Deep Tech, AI, Fintech, Health & Bio, Defence & Security
- Invests in
- Iberia | Europe
- Close
- First Close
- Manager
- Fund 4
- Public LPs
- EIF, SETT
- henQ
Amsterdam, Netherlands · 4 Nov 2025
8-12 early-stage European B2B software companies, backing founders
- Stage
- Seed, Series A
- All sectors
- B2B Software
- Invests in
- Europe
- Close
- First Close
- Manager
- Fund 5
- Rubio Impact Ventures
Amsterdam, Netherlands · 4 Nov 2025
Impact fund backing early-stage Dutch founders solving societal problems
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- Netherlands
- Close
- First Close
- Manager
- Fund 3
- Public LPs
- EIF, Invest-NL, Oost NL, BOM
- Lifeline Ventures
Helsinki, Finland · 27 Oct 2025
Largest single VC fund raised in Finland, first Luxembourg fund of Lifeline
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- Generalist
- Invests in
- Nordics | Europe
- Close
- First Close
- Manager
- Fund 6
- Calm/Storm Ventures
Vienna, Austria · 24 Oct 2025
Early-stage European healthtech founders, first tickets about EUR 0.5m
- Stage
- Pre-Seed, Seed
- All sectors
- Health & Bio
- Invests in
- Europe
- Manager
- Fund 2
- 55 North
Copenhagen, Denmark · 2 Oct 2025
Stage-agnostic quantum technology fund
- Stage
- Seed, Series A, Series B, Growth
- All sectors
- Deep Tech
- Invests in
- Global (Europe focus)
- Close
- First Close
- Manager
- Emerging manager, fund 1
- Public LPs
- EIFO
- Big Pi Ventures
Athens, Greece · 1 Oct 2025
Growth fund for Greek deep tech companies
- Stage
- Growth
- All sectors
- Deep Tech
- Invests in
- Greece | Europe
- Close
- First Close
- Manager
- Emerging manager, fund 2
- 4Founders Capital
Barcelona, Spain · 1 Oct 2025
Barcelona-based fund backing early-stage Iberian and European founders
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- Iberia
- Close
- Final Close
- Manager
- Fund 3
- Public LPs
- EIF, CDTI Innvierte
- Serena
Paris, France · 1 Oct 2025
Fund for AI and energy transition founders in France and Europe
- Stage
- Series A, Series B
- All sectors
- AI, Climate & Energy
- Invests in
- France
- Close
- First Close
- Manager
- Fund 4
- Notion Capital
London, United Kingdom · 30 Sept 2025 · Converted, FX
Growth fund backing best portfolio companies and selective external scale-ups in AI-driven business software
- Stage
- Series B, Series C, Growth
- All sectors
- B2B Software, AI
- Invests in
- Europe
- Manager
- Fund 3
- Size as reported
- USD 130m (EUR 114m per Perplexity)
- Concept Ventures
London, United Kingdom · 30 Sept 2025 · Converted, FX
Sector-agnostic pre-seed fund for UK and European founders
- Stage
- Pre-Seed
- All sectors
- Generalist
- Invests in
- UK | Europe
- Manager
- Emerging manager, fund 2
- Size as reported
- USD 88m
- DFF Ventures
Amsterdam, Netherlands · 25 Sept 2025
Vertical AI, recommerce platforms and marketplaces, cheques EUR 0.25-2.5m
- Stage
- Pre-Seed, Seed
- All sectors
- AI, Consumer
- Invests in
- Global
- Close
- First Close
- Manager
- Fund 3
- Ventech
Paris, France · 22 Sept 2025
Sixth fund backing early-stage European AI startups
- Stage
- Seed, Series A
- All sectors
- AI
- Invests in
- France
- Close
- Final Close
- Manager
- Fund 6
- Outlast Fund
Riga, Latvia · 17 Sept 2025
Debut pre-seed and seed fund for Baltic and Nordic founders
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- Baltics | Nordics
- Manager
- Emerging manager, fund 1
- Public LPs
- ALTUM
- Vireo Ventures
Berlin, Germany · 9 Sept 2025
Electrification fund backing early-stage founders in Europe
- Stage
- Pre-Seed, Seed
- All sectors
- Climate & Energy, Mobility
- Invests in
- DACH
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Public LPs
- EIF, NRW.BANK
- Clean Growth Fund
London, United Kingdom · 18 Aug 2025 · Converted, FX
Early-stage climate tech across power, transport, buildings, industry, agriculture, circular economy
- Stage
- Seed, Series A
- All sectors
- Climate & Energy
- Invests in
- UK
- Close
- First Close
- Manager
- Fund 2
- Size as reported
- GBP 49m (target GBP 150m)
- BlackWood Ventures
Copenhagen, Denmark · 28 Jul 2025 · Converted, FX
Network-driven debut fund for early-stage European founders
- Stage
- Pre-Seed, Seed
- All sectors
- Fintech, Climate & Energy
- Invests in
- Pan-European
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Size as reported
- USD 25m (BeBeez: EUR 21.3m)
- SHIFT Invest
Amsterdam, Netherlands · 18 Jul 2025
Impact fund for early-stage founders solving global problems
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- Climate & Energy, Industrial Tech, Mobility, Food & Agri
- Invests in
- Netherlands
- Close
- First Close
- Manager
- Fund 4
- Public LPs
- EIF, Invest-NL
- TVF Management
Aachen, Germany · 17 Jul 2025
Early-stage tech in Rhineland/NRW and Euregio Meuse-Rhine, pre-seed and seed
- Stage
- Pre-Seed, Seed
- All sectors
- Deep Tech, Health & Bio, B2B Software, Industrial Tech
- Invests in
- Germany (NRW)
- Close
- Final Close
- Manager
- Fund 2
- Public LPs
- NRW.BANK
- Eurazeo
Paris, France · 16 Jul 2025
Growth fund scaling European AI champions
- Stage
- Series C, Growth
- All sectors
- AI
- Invests in
- Pan-European
- Close
- First Close
- Manager
- Fund 4
- Darkstar
Tallinn, Estonia · 9 Jul 2025
Estonian fund backing pre-seed and seed defence-tech founders
- Stage
- Pre-Seed, Seed
- All sectors
- Defence & Security
- Invests in
- Baltics
- Close
- First Close
- Manager
- Emerging manager, fund 1
- Public LPs
- SmartCap
- Araya Ventures
London, United Kingdom · 3 Jul 2025 · Converted, FX
Super-angel style debut fund for pre-seed and seed startups
- Stage
- Pre-Seed, Seed
- All sectors
- Health & Bio, Fintech, Consumer
- Invests in
- UK
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Size as reported
- USD 26.3m
- VORNvc (Lars Hane, Nico Hemmann)
Dortmund, Germany · 2 Jul 2025
Regional early-stage and growth fund for eastern Ruhr area tech startups
- Stage
- Seed, Series A
- All sectors
- Generalist
- Invests in
- Germany (NRW)
- Close
- First Close
- Public LPs
- NRW.BANK
- Omnes Capital
Paris, France · 2 Jul 2025
Early-growth European deeptech scale-ups in foundational sectors
- Stage
- Growth
- All sectors
- Deep Tech, Defence & Security, AI
- Invests in
- Pan-European
- Close
- First Close
- Manager
- Fund 2
- Public LPs
- EIF, Bpifrance
- Alliance Venture
Oslo, Norway · 2 Jul 2025
Nordic fund for AI and enterprise software startups
- Stage
- Seed
- All sectors
- AI, B2B Software
- Invests in
- Nordics
- Close
- First Close
- Manager
- Fund 3
- Public LPs
- Saminvest, Investinor
- Match VC
Stuttgart, Germany · 1 Jul 2025
Tickets up to EUR 1m in German and European startups, Mittelstand network
- Stage
- Pre-Seed, Seed
- All sectors
- Industrial Tech, Climate & Energy, B2B Software
- Invests in
- Germany | Europe
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Behold Ventures
Stockholm, Sweden · 27 Jun 2025 · Converted, FX
Early-stage gaming startups
- Stage
- Pre-Seed, Seed
- All sectors
- Consumer
- Invests in
- Nordics | Europe
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Size as reported
- SEK 550m
- Public LPs
- EIF
- KAYA
Prague, Czech Republic · 25 Jun 2025
Pan-CEE generalist pre-seed to Series A, about 25 startups, up to EUR 20m follow-on reserve per company
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- Generalist
- Invests in
- CEE
- Close
- First Close
- Manager
- Fund 5
- Project A Ventures
Berlin, Germany · 24 Jun 2025
Pre-seed and seed fund with operational platform for European tech
- Stage
- Pre-Seed, Seed
- All sectors
- Fintech, AI, Defence & Security
- Invests in
- Pan-European
- Manager
- Fund 5
- Movens Capital
Warsaw, Poland · 23 Jun 2025
CEE fund investing from pre-seed to Series A
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- Generalist
- Invests in
- CEE
- Close
- First Close
- Manager
- Emerging manager, fund 2
- Public LPs
- EBRD, PFR Ventures
- Realyze Ventures (Bitstone Capital)
Cologne, Germany · 17 Jun 2025
European tech for construction, real estate and skilled trades (decarbonisation, digitalisation)
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- Industrial Tech, Climate & Energy
- Invests in
- Europe
- Close
- First Close
- Nordic Foodtech VC
Helsinki, Finland · 5 Jun 2025
Agrifood fund for Nordic startups transforming food systems
- Stage
- Pre-Seed, Seed
- All sectors
- Food & Agri
- Invests in
- Nordics
- Close
- First Close
- Manager
- Emerging manager, fund 2
- Public LPs
- EIF
- ScaleFund
Brussels, Belgium · 3 Jun 2025
Early growth tech companies beyond start-up stage with hands-on support
- Stage
- Seed, Series A
- All sectors
- B2B Software, Climate & Energy, Deep Tech
- Invests in
- Belgium
- Close
- First Close
- Manager
- Fund 3
- Iron Wolf Capital
Vilnius, Lithuania · 3 Jun 2025
Early-stage deep tech fund for Baltic founders
- Stage
- Seed
- All sectors
- Deep Tech, Health & Bio, Climate & Energy
- Invests in
- Baltics
- Manager
- Emerging manager, fund 2
- Public LPs
- ILTE
- Cathay Innovation
Paris, France · 27 May 2025 · Converted, FX
Global vertical AI fund across consumer, health, fintech and energy
- Stage
- Seed, Series A, Series B, Growth
- All sectors
- AI, Consumer, Health & Bio, Fintech, Mobility
- Invests in
- Global (approx. 50% Europe)
- Close
- Final Close
- Manager
- Fund 3
- Size as reported
- USD 1bn
- Picus Capital
Munich, Germany · 26 May 2025
Follow-on capital for top portfolio plus new investments in gen AI, cyber, climate
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- AI, Climate & Energy
- Invests in
- Europe
- Close
- Final Close
- Manager
- Fund 2
- QuantumLight
London, United Kingdom · 20 May 2025 · Converted, FX
Systematic data-driven investing in growth-stage outliers using proprietary AI model
- Stage
- Series B, Series C, Growth
- All sectors
- AI, Fintech, Health & Bio, B2B Software
- Invests in
- Global
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Size as reported
- USD 250m (hard cap)
- Lunar Ventures
Berlin, Germany · 20 May 2025
Pre-seed deeptech with technical in-house expertise, about 20% in US outside Bay Area
- Stage
- Pre-Seed
- All sectors
- Deep Tech, AI
- Invests in
- Europe | US
- Manager
- Fund 2
- Meridian Health Ventures (formerly KHP Ventures)
United Kingdom · 19 May 2025 · Converted, FX
NHS-anchored fund for health tech, now transatlantic
- Stage
- Pre-Seed, Seed, Series A
- All sectors
- Health & Bio
- Invests in
- UK | US
- Size as reported
- GBP 30m (USD 40m; USD 50m total commitments)
- Rockaway Ventures
Prague, Czech Republic · 16 May 2025
Late-seed and Series A fund for energy, defence and dual-use tech
- Stage
- Seed, Series A
- All sectors
- Climate & Energy, Defence & Security
- Invests in
- CEE | Western Europe
- Close
- Final Close
- Manager
- Emerging manager, fund 2
- First Momentum Ventures
Karlsruhe, Germany · 23 Apr 2025
Pre-seed deep tech fund for industrials, energy and compute
- Stage
- Pre-Seed
- All sectors
- Deep Tech, Industrial Tech, Climate & Energy
- Invests in
- Pan-European
- Manager
- Emerging manager, fund 2
- Revent
Berlin, Germany · 10 Apr 2025
Specialist fund for planetary and societal health startups
- Stage
- Pre-Seed, Seed
- All sectors
- Climate & Energy, Health & Bio
- Invests in
- Pan-European
- Manager
- Emerging manager, fund 2
- Public LPs
- EIF
- Dig Ventures
London, United Kingdom · 10 Apr 2025 · Converted, FX
First institutional fund for early-stage European B2B and AI startups
- Stage
- Pre-Seed, Seed
- All sectors
- B2B Software, AI
- Invests in
- Pan-European
- Manager
- Emerging manager, fund 2
- Size as reported
- USD 100m
- Revaia
Paris, France · 2 Apr 2025
Growth fund for sustainable tech scale-ups from Series B to IPO
- Stage
- Series B, Growth
- All sectors
- Climate & Energy, AI, Defence & Security
- Invests in
- Pan-European
- Close
- Final Close
- Manager
- Emerging manager, fund 2
- Public LPs
- EIF, Bpifrance
- Marathon Venture Capital
Athens, Greece · 1 Apr 2025
Early-stage AI fund backing startups founded by Greeks abroad
- Stage
- Seed
- All sectors
- AI
- Invests in
- Greece | Europe
- Manager
- Fund 3
- Sofinnova Partners
Paris, France · 18 Mar 2025
Biotech accelerator creating and backing European biotechs
- Stage
- Pre-Seed, Seed
- All sectors
- Health & Bio
- Invests in
- Europe
- Close
- Final Close
- Manager
- Fund 2
- Adara Ventures
Madrid, Spain · 17 Mar 2025
Fund for cybersecurity, applied AI and digital infrastructure startups
- Stage
- Seed, Growth
- All sectors
- Defence & Security, AI, Health & Bio
- Invests in
- Pan-European
- Close
- First Close
- Manager
- Fund 4
- OpenOcean
Helsinki, Finland · 11 Mar 2025
Early-stage fund for AI and data-driven software founders
- Stage
- Seed, Series A
- All sectors
- AI, B2B Software
- Invests in
- Pan-European
- Close
- First Close
- Fund F
Vienna, Austria · 25 Feb 2025
Vienna fund backing female-led European startups at pre-seed and seed
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- DACH
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Public LPs
- EIF, aws
- naturalX Health Ventures
Berlin, Germany · 18 Feb 2025
Consumer health fund, mainly Series A, backed by Schwabe
- Stage
- Seed, Series A, Series B
- All sectors
- Health & Bio, Consumer
- Invests in
- Europe | North America
- Close
- First Close
- Antler
Stockholm, Singapore · 13 Feb 2025 · Converted, FX
Inception-stage fund for Nordic founders from Antler residencies
- Stage
- Pre-Seed
- All sectors
- Generalist
- Invests in
- Nordics
- Manager
- Fund 2
- Size as reported
- USD 100m
- Public LPs
- EIFO, SmartCap, Tesi
- Cherry Ventures
Berlin, Germany · 4 Feb 2025 · Converted, FX
Early-stage flagship plus opportunity fund for Series B and later
- Stage
- Seed, Series A, Series B
- All sectors
- Generalist
- Invests in
- Pan-European
- Manager
- Fund 5
- Size as reported
- USD 500m across two vehicles, split not disclosed
- Fahraeus Startup & Growth (FSG)
Lund, Sweden · 30 Jan 2025 · Converted, FX
Nordic tech and life science companies at startup and growth stages
- Stage
- Seed, Series A
- All sectors
- Deep Tech, Health & Bio
- Invests in
- Nordics
- Close
- Final Close
- Manager
- Fund 2
- Size as reported
- SEK 848m
- Public LPs
- EIF, Saminvest
- Borski Fund
Amsterdam, Netherlands · 29 Jan 2025
Backing women-led startups and products built for women
- Stage
- Series A, Growth
- All sectors
- Health & Bio, Climate & Energy
- Invests in
- Europe
- Shift4Good
Paris, France · 27 Jan 2025
Fund for startups decarbonising rail, road, air and maritime transport
- Stage
- Series A, Series B
- All sectors
- Mobility, Climate & Energy
- Invests in
- Global (Europe focus)
- Close
- Final Close
- Manager
- Emerging manager, fund 1
- Public LPs
- EIF, Bpifrance
- Supernova Invest
Paris, France · 25 Jan 2025
Seed deeptech in France and Europe: materials, medtech, semiconductors, quantum, energy transition
- Stage
- Seed
- All sectors
- Deep Tech, Industrial Tech, Climate & Energy, Health & Bio
- Invests in
- France | Europe
- Manager
- Fund 3
- Public LPs
- Bpifrance
- 33East
Nicosia, Cyprus · 21 Jan 2025
Pre-seed and seed, EUR 100k to 1m+ tickets, technology startups with a Cyprus connection
- Stage
- Pre-Seed, Seed
- All sectors
- Generalist
- Invests in
- Cyprus
- Close
- First Close
- Manager
- Emerging manager, fund 1
- Public LPs
- EIF
- Smartfin
Antwerp, Belgium · 9 Jan 2025
Growth equity fund for European B2B tech after product-market fit
- Stage
- Growth
- All sectors
- Fintech, B2B Software, Climate & Energy
- Invests in
- Pan-European
- Manager
- Fund 3
- Public LPs
- EIF
- Capricorn Partners
Leuven, Belgium · 9 Jan 2025
Digital health and medtech fund for European founders
- Stage
- Seed, Series A, Series B
- All sectors
- Health & Bio
- Invests in
- Pan-European
- Close
- First Close
- Manager
- Emerging manager, fund 2
- Public LPs
- Invest-NL, PMV, finance&invest.brussels
- P101 SGR
Milan, Italy · 7 Jan 2025
Early and growth stage tech companies in Europe, avg ticket EUR 5m
- Stage
- Seed, Series A, Series B
- All sectors
- Generalist
- Invests in
- Europe
- Close
- Final Close
- Manager
- Fund 3
- Public LPs
- EIF
Showing 12 of 150 funds
Methodology
Kai Marek
European start-ups and the forces shaping them. Deep Dives and notes for founders and investors.
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