Vestbee has compiled an extended list of venture capital funds launched in the third quarter of 2024. 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
- Budapest-based VC Lead Ventures has launched a €100 million fund to support CEE startups in late seed and Series A rounds.
- Sofia-based VC BrightCap has completed the first close of its new fund, BrightCap II, targeting €60 million. It will invest in startups focusing on the future of work, digital health, and fintech across SEE.
- Polish fund investor PFR Ventures has invested €47 million (PLN 200 million) in four early-stage VC firms: 24Ventures, Digital Ocean Ventures Starter, Hard2beat, and Tar Heel Capital Pathfinder.
- Prague-based ZAKA VC has achieved the first close of its €15 million ZAKA VC Fund I, raising €10.5 million. The fund will support pre-seed and seed-stage startups across Europe and the US.
- Prague-based VC Tensor Ventures has secured €1.3 million (CZK 30 million) from Venture Club to support deeptech startups in Luxembourg and the Czech Republic.
- Budapest-based multi-vertical VC Nesprit has launched an €750,000 early-stage micro fund to invest in climate tech, water tech, foodtech, and IIoT startups across CEE.
- Sunfish Partners, an early-stage VC based in Warsaw and Berlin, has launched its Sunfish CEE II fund to support tech startups in the region at the pre-seed and seed stages.
New VC funds from Europe
- London’s VC Atomico has raised $1.24 billion across two funds: $485 million for Atomico Venture VI, which invests in Series A and occasionally seed rounds, and $754 million for Atomico Growth VI, which invests from Series B to pre-IPO. The funds aim to help European tech founders scale globally.
- London-based VC Balderton Capital has raised two funds, including a $615 million Early Stage Fund IX and a $685 million Growth Fund II, totaling $1.3 billion to invest in European tech startups from the seed stage through IPO.
- Madrid-based Seaya has raised €300 million for its climate tech fund, Seaya Andromeda. With ticket sizes ranging from €7 million to €40 million, it plans to make 25 investments by 2027, including five more deals this year.
- UK VC Kennet Partners, a technology growth equity investor managing over $700 million in assets, has launched its largest fund of €266 million to support B2B SaaS startups across Europe.
- Amsterdam-based VC SET Ventures has closed its fourth fund, totaling €200 million, to support European tech companies driving the transition to a carbon-free energy system.
- Zurich-based VC Redalpine has closed its oversubscribed $200 million Capital VII fund to support 15-20 early-stage startups across Europe, with a focus on sectors such as energy, health, and food.
- Munich-based Alpine Space Ventures has closed a €170 million fund to support the global space ecosystem, especially in Europe and the US. The fund saw participation from the European Investment Fund and the NATO Innovation Fund.
- Bilbao-based VC Acurio Ventures, formerly known as All Iron Ventures and managing €300 million in assets, has raised €150 million for Acurio Ventures III. This fund aims to support around 50 early-stage European startups.
- London’s VC firm 13books Capital has closed its second £121 million fund to support European financial technology founders at seed to Series A rounds.
- Eindhoven-based VC LUMO Labs has launched a €100 million LUMO Rise Fund. It plans to invest in up to 35 impact-driven digital startups across the Netherlands, Belgium, Germany, Spain, Portugal, Scandinavia, and the Baltics.
- Iceland-based Frumtak Ventures has closed €80 million Frumtak IV fund to support local startups with global potential. The fund was closed in six months and serves as the successor to 2021's $57 million Frumtak III.
- UK investment firm Outward VC has closed the first round of its £51 million Fund II, aimed at supporting early-stage founders. It will lead pre-Series A funding rounds of up to £5 million, with a substantial portion reserved for follow-on investments.
- Paris-based Wind has secured €30 million for its Article 9 fund, Wind II, from the European Investment Fund (EIF).
- Spanish VC Abac Nest Ventures has launched a €20 million fund, Abac Nest II, to support early-stage software startups, focusing on finance, AI, digital health, and consumer sectors.
- Solo GP Felix Plapperer announced the final close of the first €17 million micro fund in his venture capital firm BOOOM. The fund will support B2B software startups across Europe at pre-seed and seed rounds.
- London’s VC Araya Ventures has announced the first close of its Super Angel Fund at €9.8 million, with a goal to raise a total of €22.5 million. The fund aims to make 10 to 15 investments per year across healthech, fintech, commerce, and future of work.
- Netherlands-based VC Golden Egg Check has closed a €5 million fund, aiming to co-invest in 30-35 early-stage companies, focusing on pre-seed and seed rounds.
- Belgium-based VIVES IUF, a European science-based early-stage fund investing in companies developing disruptive innovations with a positive societal impact, has secured €5 million from the Luxembourg Future Fund 2.
- Digital Irish, an organization dedicated to promoting the growth of Irish startups, has launched a $1 million Digital Irish Venture Fund to support global Ireland’s diaspora startups.
New VC funds investing globally
- London-based Index Ventures has raised $2.3 billion across two new funds: a new $800 million fund and a $1.5 billion growth fund. The new fund will support startups across various sectors and stages of development, with a strong focus on AI.
- San Francisco-based VC Headline has closed an $865 million growth fund to support later-stage tech startups in scaling and expanding globally. The firm invests between $1 million and $50 million in companies worldwide.
