Vestbee has compiled an extended list of venture capital funds launched in the second 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
- Ukrainian Venture Capital and Private Equity Association (UVCA) has launched a $300 million Fund of Funds to support the private equity, venture capital, and tech ecosystem in Ukraine.
- Prague-based venture capital firm Presto Ventures has launched a €150 million Presto Tech Horizons fund in collaboration with Czechoslovak Group (CSG). The fund will support security and defence tech startups from NATO countries.
- Prague-based KAYA VC, which invests in early-stage startups, is raising its fifth €80 million fund to support Slovak, Polish, and Czech startups.
- Bucharest-based venture capital firm Early Game Ventures has announced the launch of its €60 million Fund II, which will invest in early-stage startups across the CEE region.
- Hungarian and US-based Interactive Venture Partners launched €50 million inaugural fund, Interactive Venture Partners Fund LP, for pre-seed, seed, and Series A startups founded in CEE.
- Warsaw-based Radix Ventures has announced the first €41 million close of a targeted €60 million deeptech fund. It aims to invest in 16–20 CEE startups.
New VC funds from Europe
- Swiss VC firm Lakestar closed its latest funds, Lakestar Early IV and Lakestar Growth II, for around $600 million to support the European startups, working in sectors such as AI, digitalization, deep tech, healthcare, and fintech.
- Creandum has closed a €500 million fund, Creandum VII, to invest in 35-40 seed and early-stage startups across Europe. Over half of the capital came from US investors.
- Sweden-based Norrsken VC has launched a €320 million fund to support climate tech, energy, biotech AI and healthtech startups across Europe.
- UK climate-focused VC ETF Partners closes fourth fund at €285 million. It will invest tickets of €5-€10 million into digital businesses focused on climate change at seed, Series A and Series B.
- German Vsquared Ventures has closed a fund of €214 million to invest in early-stage deeptech startups across Europe. NATO Innovation Fund is among the LPs.
- German Armira Growth has secured €200 million for its inaugural Armira Growth Fund I. It will support companies with investments ticket size ranging between €10 million and €50 million.
- French early-stage VC Wind has closed a first €90 million of a targeted €130 million fund dedicated to European deeptech startups in the climate sector.
- Warsaw-based investment firm bValue has closed its third fund, bValue Growth (BVG), at €90 million to support technological companies in Poland and across CEE.
- Madrid-based Kfund has raised €70 million for its sixth fund to support high-impact startups in Southern Europe, with a particular focus on Italy, Spain, and Portugal.
- Austrian VC Elevator Ventures launched EV II, a €70 million fund to support startups that are developing their solutions in the fields of fintech and beyond banking.
- Danish Dreamcraft Ventures has closed a €66 million fund to invest in B2B software startups across the Nordic and DACH region.
- Italy’s harttech VC Rialto Ventures has secured €55 million to further invest in European founders developing robotics, non-gen AI, cybersecurity, AR/VR, Enterprise SaaS, healthtech solutions.
- Milan-based VC Italian Founders Fund has launched a €50 million fund to invest in Italian seed and pre-seed startups, with €500,000-€1.5 million checks.
- Portuguese Shilling has launched an €50 million Opportunity Fund to support growth-stage startups, with investments of up to €5 million for Series A and beyond.
- Swiss 14Peaks Capital has closed its first fund at $30 million. It focuses on investing in B2B SaaS companies, with an emphasis on fintech and Future of Work, at pre-seed to Series A stages.
- Belgium-based Impact Shakers has launched its first €20 million fund, Impact Shakers Ventures I, to invest in early-stage startups all across Europe.
- Berlin-based VC fund identity.vc has raised €15 million of a target €50 million fund to back 25 early-stage startups launched by LGBTQ+ entrepreneurs. Its ticket sizes will range from €250,000 to €1.5 million.
- Danish venture capital fund BlackWood Ventures has closed its debut fund, BlackWood Ventures Fund I, raising a total of €14.7 million. It will further invest in early-stage startups across Europe.
- Gideon Valkin, ex-Monzo, has launched Andrena Ventures, a $12 million solo GP fund based in. It is a London-based sector agnostic firm with focus on categories like AI, climate tech and B2B enterprise solutions.
- Maria Rotilu, former Octopus Ventures and Oxford Seed Fund investor, has launched her venture capital firm OpenseedVC. The fund has already reached its first close, targeting $10 million.
- Frank Reeves has launched a €5 million fund called Voyaria to invest in early-stage hotel tech startups across Ireland and the UK.
- Cambridge Future Tech has raised $5 million to support deeptech startups between pre-incorporation and pre-seed stages.
New VC funds investing globally
- The US and UK-based venture capital firm Andreessen Horowitz, also known as a16z, raised $7.2 billion for its newest set of funds to invest across several tech sectors globally.
- American venture capital firm Accel has raised $650 million to support around 30 European and Israeli early-stage startups across various sectors.
- Paris-headquartered VC Breega has launched a $75 million seed fund to invest in African startups. The firm’s ticket sizes will range from $100,000 to $2 million.
- French Quantonation Ventures has closed its second early-stage fund at €70 million of its €200 million target. The fund plans to invest in 25 startups worldwide that are focused on developing quantum technologies.
