Vestbee has curated a list of venture capital funds launched in Q4 2024. The list includes VCs from the CEE region investing locally and across Europe and firms based in European countries. It also features global firms with offices in the US and the UK that support founders worldwide.
New VC funds from CEE
- Warsaw- and New York-based Cogito Capital Partners has announced the first close of its second fund, Cogito Fund II, with over €90 million secured toward a €125 million target.
- The fund will invest €5 million to €15 million in European enterprise tech companies at later and early growth stages, focusing on those with a Central European presence.
- The European Investment Fund (EIF) and Hungarian National Capital Holding (NCH) have launched Impact Ventures III, a €40 million fund targeting early-stage startups and SMEs in Hungary and the region.
- Managed by Impact Ventures, the firm focuses on companies driving positive environmental and social impact, building on the success of its predecessors.
- Vilnius-based BSV Ventures has secured a €15 million fund to back pre-seed and seed-stage startups across the Baltic region and the EU.
- Supported by the NATO Innovation Fund, Lithuania's ILTE fund through the Accelerator 2 programme, and private European investors, the fund aims to foster a thriving deeptech ecosystem.
- Krakow-based Digital Ocean Ventures has completed the second close of its €10.6 million (PLN 45 million) fund, with backing from PFR Ventures and WP2 Investments.
- The fund focuses on early-stage investments in fintech and digital transformation startups, supporting pre-seed and seed-stage founders across Poland and the CEE region.
- Prague-based PurposeTech has closed its first pre-seed fund, which had been oversubscribed, totalling €2.3 million.
- It supports health, sustainability, and education startups across CEE, with plans to back 10 companies over the next 12 to 18 months.
- Poland’s largest fund investor, PFR Ventures, has allocated €63 million (PLN 270 million) to five new VC funds, increasing their total capitalization to €94 million (PLN 400 million): 4growth VC, Aegis Capital, iif VC, Kogito Ventures, and Lowercap.
- The funds are managed by experienced local teams, aiming to bolster Poland’s venture capital ecosystem.
- Riga-based VC Outlast Fund has launched a new fund to back software-driven pre-seed and seed-stage startups across the Baltics and Nordics.
- The fund will lead pre-seed investments of up to €250,000 and seed rounds of up to €1.5 million, focusing on key sectors such as SaaS, fintech, cybersecurity, and e-commerce enablers.
- 500 Emerging Europe introduced a new brand — e2vc, to focus on pre-seed and seed-stage startups across CEE, the Baltics, and Turkey.
- Now independent from 500 Global, e2vc aims to back founders with global ambitions, providing up to $1 million in investments.
New VC funds from Europe
- Naarden-based global VC fund Forbion has raised over €2 billion across its two latest funds, Growth Opportunities Fund III (€1.2 billion) and Ventures Fund VII (€890 million), bringing total assets under management to €5 billion.
- The funds will back approximately 15 development-stage life sciences companies each.
- Munich-based Alstin Capital has raised €175 million for its third fund, targeting European B2B software startups at the Series A stage.
- The fund plans to lead investments with initial ticket sizes ranging from €2 million to €7 million.
- Paris-based VC firm Kurma Partners has secured €140 million in the first close of Biofund IV, its largest fund.
- Targeting a final close of €250 million by 2025, the firm aims to back 16 to 20 startups developing innovative therapeutics, ranging from early-stage ventures to more established companies.
- Zurich-based VC Founderful has closed its oversubscribed $140 million Fund II to strengthen Switzerland's tech startup ecosystem.
- Known for supporting Swiss tech entrepreneurs in scaling to global markets, the fund will focus on leading early-stage investments in the county’s tech sector.
- Paris-based Expansion Ventures secured €137 million in the first close for the Expansion SLP Fund.
- Targeting a final close of €200 million, it aims to support 30 startups working with micro-launchers, satellite constellations, space data exploitation, and decarbonized aviation across early-stage to Series B rounds.
- Lyon-based Axeleo Capital has achieved the first close of its €250 million Green Tech Industry I Fund, raising €125 million to back industrial startups driving innovation in renewable energy, sustainable materials, green mobility, and agriculture.
- The firm plans to make 15 to 20 investments across Europe, with lead ticket sizes ranging from €3 million to €10 million, supporting the growth of transformative green technologies.
- Helsinki-based Voima Ventures, a Nordic early-stage investor, has closed €100 million for its Fund III.
- It aims to support 25 to 30 science and deeptech startups across the Nordic and Baltic regions.
- Madrid-based Buenavista Equity Partners and Columbus Venture Partners have closed the €100 million BV Healthcare Growth Invest Fund I, with plans to raise up to €150 million at its hard cap.
- The fund will invest up to €15 million per company in 10-12 healthcare businesses, primarily in Spain.
- Helsinki-based Maki.vc has launched its €100 million third fund to back tech startups driving environmental and social impact across the Nordics and Northern Europe. \=
- Focused on pre-seed and seed rounds, the fund offers ticket sizes from €300,000 to €3 million, with reserves for follow-on investments.
- Berlin-based Fly Ventures has raised an oversubscribed €80 million Fund III in a single close.
- The fund focuses on supporting seed-stage European startups in the enterprise and deeptech sectors.
- The Hague-based 4impact Capital has closed its €68 million Fund II to back around 25 tech startups addressing critical planetary and societal challenges in Northwestern Europe.
- This SFDR Article 9 fund focuses on early-stage digital and sustainability-driven ventures.
- Danish PSV Hafnium has launched a €51.6 million (DKK 385 million) deeptech early-stage fund, targeting a final close of €80.4 million (DKK 600 million).
- The firm plans to invest in 30 pre-seed and seed-stage science-based tech startups across the Nordics.
- Bynd Venture Capital, an Iberian-focused VC firm, has launched its €40 million third fund.
- It plans to invest in around 40 early-stage startups across AI, software, consumer goods, and sustainability tech in Spain and Portugal, focusing on diversity and ESG metrics.
- Amsterdam-based Move Energy Fund I has secured a €35 million commitment from the EIF, bringing total commitments to over €100 million.
- The firm targets Series A investments in European hardware and software ventures that drive decarbonization in power, transport, and buildings — responsible for 55% of global CO₂ emissions.
- Paris and Milan-based 360 Capital has raised €30 million for the first close of its early-stage fund, 360 Digitaly.
- Focused on supporting Italian startups, the fund aims to drive digital transformation by backing early-stage ventures introducing innovative solutions to industries still reliant on traditional methods.
- Lisbon and London-based Creative Capital Ventures has launched a new €18 million investment fund, aiming to raise €50 million by early 2025.
- The fund targets early-stage tech companies and IP acquisitions in sectors like technology, digital media, and innovative consumer products, with plans for 18 initial and 11 follow-on investments.
- Lisbon-based Indico Capital Partners has launched Indico VC Fund II to support early-stage tech startups and foster innovation across high-potential sectors.
- The firm has already completed four investments totalling €14.8 million, with additional deals under review. It is focused on sectors such as AI, big data, enterprise SaaS, fintech, marketplaces, Web3, and ocean sustainability.
- Munich-based backtrace capital, founded by former partners of Speedinvest and Target Partners, has raised €10 million in its first close, targeting a final fund size of €30 million.
- The fund focuses on early-stage software development, security, and AI infrastructure startups, aiming to support innovation in these critical tech sectors.
Global VC funds
- Harry Stebbings, creator of the popular 20VC podcast, has announced his third 20VC fund, totalling $400 million.
- The fund targets technology startups in Europe and the US, supporting founders from pre-seed to Series A rounds. About $125 million will be dedicated to seed investments, and $275 million will go to Series A rounds.
- Global VC firm Bek Ventures, formerly Earlybird Digital East Fund, has raised $250 million for its Fund III.
- The fund focuses on supporting early-stage startups from Europe, particularly CEE, continuing its mission to nurture regional innovation.
- Resurge Growth Partners, based in London, has launched a €120 million venture equity fund to address the gap between venture capital and private equity.
- The fund targets high-potential scaleups across Europe and Israel.
