Vestbee has compiled an extended list of venture capital funds launched in the first quarter of 2025. The collection encompasses VCs originating from the CEE region, which invest regionally and in the broader European startup ecosystem, as well as firms headquartered in European countries. We have also included global firms with offices in the US and the UK that back founders worldwide.
New VC funds from CEE
- Prague-based Soulmates Ventures has raised a €50 million fund to support sustainable startups, investing under Article 9 of the SFDR. The fund aims to invest up to €3 million per startup, with follow-up funding reaching €5 million.
New VC funds from Europe
- German VC firm Cherry Ventures has raised $500 million for its fifth fund. The money is split between its Early Stage fund and an Opportunity fund to back companies at Series B and beyond.
- Brussels-based venture capital firm Smartfin has closed its third growth fund at €250 million, dedicated to supporting B2B tech startups across Europe.
- French VC Shift4Good has closed its first fund at €220 million, exceeding the €115 million average for European cleantech VC funds.
- London’s VC firm 2150, the venture arm of private investment firm Urban Partners, has raised €197 million for its second fund, dedicated to urban innovation across North America and Europe.
- Antwerp-based VC Junction Growth Investors, an Article 9 firm, has closed its first oversubscribed €115 million fund. The fund focuses on growth and buyout capital for European energy transition scaleups and SMEs.
- Cambridge Innovation Capital has launched a £100 million opportunity fund to invest in deeptech and life sciences startups across the UK. The new fund received capital from Aviva Investors and British Business Bank.
- Helsinki-based Voima Ventures, a Nordic early-stage investor, has closed €100 million Fund III to support 25 to 30 science and deeptech startups across the Nordic and Baltic regions.
- Belgian Capricorn Partners has launched the €100 million Capricorn Healthtech Fund II with a first closing of €51 million, aiming to support digital health and medtech startups across Europe.
- Berlin-based VC naturalX Health Ventures has launched a €100 million fund to back European healthcare startups at the Series A stage. The fund will also make select investments in North America.
- Spanish and Luxembourg-based VC Adara Ventures has announced the first close of its €100 million AV4 Fund, focusing on high-impact sectors like cybersecurity, applied AI, digital infrastructure, hardware components, digital health, and spacetech.
- Italian venture capital firm Vento has launched its second fund, committing €75 million over the next five years. It will invest in early-stage Italian startup founders globally.
- Barcelona-based investment management firm 4Founders Capital has raised €44 million in the first close of its €65 million Fund III. The fund aims to support around 40 early-stage startups.
- Helsinki-based Superhero Capital has raised €50 million for its fourth fund to support founders across Finland and the Baltic region.
- Spanish Nina Capital has launched €50 million Fund III, increasing its total assets under management to over €100 million. The fund will back international healthcare startups across Europe, the US, Israel, and Canada.
- Lisbon and London-based VC, Defiant, has launched a $30 million fund to support early-stage B2B SaaS and fintech startups across Europe.
- Vienna-based Fund F has closed a €28 million fund to support female founders, focusing on pre-seed and seed-stage startups across Europe.
- UK seed-stage investor Sustainable Forward Capital has secured an additional £10 million from British Business Investments, increasing its total funding under the Regional Angels Programme to £25 million.
- London’s Araya Ventures has raised $23 million in the second oversubscribed close of its Super Angel Fund. It will support 60 UK B2B SaaS and consumer startups in healthtech, fintech, commerce, and the future of work at the pre-seed and seed stages.
New VC funds investing globally
- Hitachi Ventures, the Munich-based venture capital arm of Hitachi Group, has raised a $400 million fund to support Series A startups across various sectors globally.
- Antler, the global venture capital firm, has closed its second Nordic fund, valued at around €100 million. The fund will support early-stage companies in Finland.
