A challenging funding landscape in recent years has pushed European investors to adopt a more cautious approach, increasingly favoring early-stage investments. Thus, in Q1 of 2024, $5.4 billion was invested in over 300 startups compared to $4.6 billion in growth-stage companies, surpassing early-stage funding. As we look at the newly raised funds in the first half of 2024, the trend continues, with a significant portion of recently closed VC funds dedicated to seed and Series A rounds.
Raising a growth round in Europe remains challenging for startups, prompting many in the ecosystem to discuss the growth funding gap. The European Investment Bank (EIB) reports that by the time European companies are ten years old, they have raised 50% less capital on average compared to their San Francisco-based counterparts. One reason is that Europe has traditionally had fewer growth-focused VCs. Over the last decade, 80% of major financing rounds enabling global scaling were led by US or Asian investors, underscoring the reliance on non-European capital. At the same time, dedicated growth funds continue to appear in Europe, such as the newly launched Spanish Kembara, Seaya Ventures, and 33N Ventures.
To make the fundraising process easier for scaleups, Vestbee decided to compile a list of the most active investors that back European companies at the growth stage of their development, which we consider to start from Series B. Our collection includes both multi-stage firms from Europe and the US with European offices that invest in growth-stage companies, along with dedicated growth investment vehicles.
33N Ventures
HQ: Porto and Madrid, Spain
Latest fund size: €50M, with target of €150M
Sectors interested in: cybersecurity and infrastructure software startups
Stages: Series A and B
33N Ventures is a specialized venture capital company that raised its first €50 million in January 2024. The firm aims to invest around €10 million into growth-stage startups across Europe, Israel and the US, which developing and commercializing emerging technology solutions in cybersecurity and infrastructure software. 33N has an active approach in supporting companies to expand globally, with an established international team and an extensive global network of leading entrepreneurs, experts, and cybersecurity decision-makers across industries.
83North
HQ: London, the UK
Latest fund size: 83North Fund XI of $400M
Sectors interested in: SaaS, fintech, marketing, security and media
Stages: Series A and above
With $2.2 billion under management and a portfolio that includes 14 unicorns, 83North has been operating for over 18 years, having overseen the successful exit of 32 companies. The fund invests globally, covering the US, Europe, and Israel, and spans multiple segments. Its investment strategy relies heavily on word-of-mouth and referrals from its network of entrepreneurs and executives, allowing it to maintain a focused yet expansive approach.
Accel
HQ: Palo Alto, the US and London, the UK
Latest fund size: Accel Growth Fund VI of $1.8B
Sectors interested in: agnostic and fintech
Stages: multi-stage, with a dedicated growth vehicle
Accel is an early and growth-stage venture capital firm empowering entrepreneurs globally to create world-class, category-defining businesses. Its portfolio spans diverse industries, leveraging over three decades of VC experience. Headquartered in California, Accel has offices in the UK, India, and China. The fund’s initial investments range from $5 million to $15 million per company.
Airbridge Equity Partners
HQ: Amsterdam, the Netherlands
Latest fund size: N/A
Sectors interested in: sector-agnostic
Stages: growth
Airbridge Equity Partners focuses on businesses where technology is central to their value proposition, targeting both B2B and B2C companies. The firm selects companies that have demonstrated commercial traction, offering initial investments of €1-5 million with the ability to provide follow-on funding. With a geographic focus on European-headquartered businesses, Airbridge aims to support its portfolio companies, including on their potential international expansion.
Alicorn Venture Partners
HQ: London, the UK
Latest fund size: N/A
Sectors interested in: high-tech and deeptech
Stages: growth
Alicorn is a growth-focused investment firm that employs a hybrid model, blending venture capital funding with private equity techniques for late-stage technology companies in high-tech and deeptech sectors. The firm specializes in purpose-constructed deals designed to unlock growth, focusing on strategic investments in established verticals, secondaries backed by growth funding, and providing expert operational advice.
Alpana Ventures
HQ: Geneva, Switzerland
Latest fund size: N/A
Sectors interested in: ICT, healthtech, fintech, cleantech, sustainability
Stages: multi-stage
Founded in 2016, Alpana Ventures focuses on digital transformation that includes scalable ICT, healthtech or fintech solutions. The fund claims its special focus is to bridge Swiss and European startups to Silicon Valley and to apply US management style and expertise (sales & marketing) while providing market access.
Atomico
HQ: London, the UK
Latest fund size: $1.1B in Atomico Ventures VI
Sectors interested in: digital life and play, digital work, empowered individuals, commerce, enterprise data, automation, frontier tech, fintech, future of food, health, industrial automation, internet infrastructure, mobility, impact
Stages: multi-stage
Atomico is dedicated to fueling the growth of tech founders beyond Series A, with a strong European focus. With $4.7 billion in assets under management, Atomico leverages its operational expertise to catalyze exponential growth for its portfolio companies. Driven by a mission to cultivate a prosperous, sustainable, and inclusive technology ecosystem, it is focusing on future-forward verticals such as cybersecurity, fintech, digital work, enterprise data automation, mobility, industrial infrastructure, and more.
AXA Venture Partners
HQ: Paris, France
Latest fund size: AVP Capital II (AVP Growth Fund) of €250M
Sectors interested in: tech & tech-enabled companies
Stages: multi-stage, with a dedicated growth fund
AVP is a €2 billion venture capital firm that invests across stages, from venture to late growth, through various investment vehicles. Its investment focus spans enterprise software, fintech/insurtech, digital health, consumer tech, and other relevant technologies. Through its relationship with AXA, AVP provides portfolio companies with access to the insurer's global expertise, including world-class risk managers, financial advisors, data scientists, distribution networks, client base, and diverse business lines.
a16z
HQ: Menlo Park, the US
Latest fund size: $7B in the growth fund
Sectors interested in: AI, bio, health, consumer, crypto, enterprise, fintech, games
Stages: multi-stage, with a dedicated growth vehicle
a16z is a venture capital firm that manages a VC fund with $35 billion in assets. It is stage agnostic, investing from seed to growth-stage technology companies across continents and regions. The fund has built a network of experts, including technical and executive talent, marketing and communications resources, Fortune 500/Global 2000 companies, as well as other technology decision-makers and key opinion leaders. This network provides support to their portfolio companies by offering expertise and insights across the entire spectrum of company-building.
Balderton
HQ: London, the UK
Latest fund size: Balderton Growth I of $680M
Sectors interested in: Sector agnostic
Stages: multi-stage with a dedicated growth vehicle
Balderton Capital is a venture capital firm based in the UK that specializes in early-stage and growth-stage investments in technology companies. With a history spanning over 22 years, Balderton has raised $4.5 billion to invest in European technology startups, providing them with access to the combined insight, knowledge, and experience of its well-experienced team. They operate out of two funds — for early-stage startups and for growth startups — across sectors ranging from reproductive health to deep tech.
Bessemer Venture Partners
HQ: San Francisco, the US
Latest fund size: $780M in BVP Forge fund
Sectors interested in: enterprise, consumer, healthcare and more
Stages: multi-stage
Bessemer Venture Partners is an American venture capital and private equity firm headquartered in San Francisco with a global presence. Its investment reach spans across Europe through offices in the United Kingdom. With a track record of more than 135 IPOs, having also funded 1/4 of all cloud IPOs, the fund has established itself as a prominent player in the VC scene. Bessemer has over $20 billion in assets under management and a strong focus on supporting entrepreneurs in building enduring companies.
Be8
HQ: Berlin, Germany
Latest fund size: N/A
Sectors interested in: food & beverage chain
Stages: growth
Be8 is a growth-stage venture capital fund focused on innovative companies in the food and beverage sector, including e-grocery, retail & gastro tech, and packaging. The fund targets businesses with proven models and demonstrated traction in Europe, Israel, and North America, typically investing between €2 million and €10 million initially, with flexibility for exceptional opportunities and reserves for follow-on rounds.
BlackPeak Capital
HQ: Sofia, Bulgaria
Latest fund size: Southeast Europe Growth Equity Fund of €126M
Sectors interested in: generalist
Stages: growth
BlackPeak Capital is a private equity firm focused on investing growth equity in Southeast Europe. In 2022, it closed a €126 million fund to make investments of €5-15 million in dynamic SMEs across Bulgaria, Romania, Slovenia, Croatia, and Serbia. Currently, BlackPeak Capital manages two funds with total assets under management of €150 million.
bValue
HQ: Warsaw, Poland
Latest fund size: bValue Growth of €90M
Sectors interested in: generalist
Stages: multistage with a dedicated growth vehicle
bValue consists of two separate funds: one that invests in early-stage startups and another that focuses on established growth companies. bValue Growth (BVG) fund was closed in April 2024. It is focused on fast-growing companies with a proven business model and a strong, motivated management team. BVG invests sums of €5-15 million per ticket, typically for an equity stake of 20-40%, acquiring majority stakes in exceptional cases.
Cogito Capital Partners
HQ: Warsaw, Poland and New York, the US
Latest fund size: N/A
Sectors interested in: enterprise software, data analytics, fintech, insurtech, healthtech
Stages: growth
Cogito Capital Partners specializes in later-stage European tech companies, focusing on Series B rounds and beyond. With offices in Warsaw and New York, the firm targets sectors such as enterprise software, data analytics, fintech, insurtech, and healthtech, where its team of experienced VC and corporate executives can provide strategic value. Cogito invests in companies poised for global or US expansion, as the firm's dual-location setup enables it to support startups in navigating both European and US markets.
Commerz Ventures
HQ: Frankfurt, Germany
Latest fund size: CommerzVentures Fund III of €300M
Sectors interested in: fintech, insurtech, crypto, climate
Stages: Series A and beyond
CommerzVentures is an independent, return-oriented venture capital firm managing €550 million across three funds, specializing in early- and growth-stage companies in the financial services and insurance sectors. The firm focuses on investing in top-tier startups across Europe, the US, Israel, and Africa, with initial investment tickets ranging from €3 million to €20 million. CommerzVentures targets Series A and beyond, offering portfolio companies connections to key decision-makers in the banking and insurance industries.
Conviction VC
HQ: London, the UK
Latest fund size: £5.7M
Sectors interested in: B2B SaaS
Stages: multi-stage
Conviction is a multi-stage venture capital firm focused on post-revenue, high-growth B2B SaaS companies globally. It provides flexible capital across the maturity spectrum, from initial seed capital to exit, covering the entire lifecycle of the business. Conviction's investment strategy targets promising SaaS businesses with proven traction and scalability potential.
Dawn Capital
HQ: London, the UK
Latest fund size: $700M
Sectors interested in: B2B software
Stages: multi-stage
Dawn Capital is a European B2B software investor. In 2023, it closed $700 million in a new fund to back European software startups at Series A and B stage with initial investments of $10 million to $40 million, and provide capital for follow-on rounds. The firm provides both capital and strategic guidance to help portfolio companies accelerate growth through talent acquisition, product development, and innovative business models.
DTS Global
HQ: London, the UK
Latest fund size: N/A
Sectors interested in: internet industry
Stages: late stages
Founded in 2009, DST Global is an investment firm that funds late-stage ventures in the internet industry. Its investments include some of the world’s fastest-growing and most valuable companies. DST Global has offices in Menlo Park, New York, London, Beijing, and Hong Kong. Its portfolio includes GoStudent, Mistral AI, and Zepto among others.
EBRD Venture Capital
HQ: London, the UK
Latest fund size: N/A
Sectors interested in: generalist
Stages: multi-stage
EBRD Venture Capital focuses on technology investments in Eastern Europe and Turkey, targeting companies with significant development or engineering operations in these regions. The firm invests in early and growth-stage startups across various technology sectors. With investment sizes ranging from €2 million to €25 million, EBRD Venture Capital actively engages with portfolio companies, offering board participation and strategic guidance.
Endeavour Vision
HQ: Geneve, Switzerland
Latest fund size: N/A
Sectors interested in: health
Stages: growth
Endeavour Vision specializes in healthcare technologies like medical devices, diagnostics, and digital health. It supports growth-stage companies in these sectors with expertise in market dynamics and therapeutic areas. The fund’s investment strategy focuses on financial returns and social impact, aiming to innovate healthcare and improve patient care. Endeavour Vision provides comprehensive support, including commercial strategy, clinical trials, regulatory submissions, and asset acquisitions.
EQT Ventures
HQ: Stockholm, Sweden
Latest fund size: EQT Ventures III of €1.1B
Sectors interested in: generalist
Stages: multi-stage
EQT Ventures operates as a multi-stage venture capital fund, focusing on all stages of a startup’s growth — from early to Series B and beyond, primarily investing in European tech companies. Founded by former founders and entrepreneurs, EQT Ventures positions itself as an accessible, supportive, and committed partner, understanding the challenges and risks founders face. With offices in Stockholm, London, Berlin, Paris, and San Francisco, the fund employs a sector-agnostic approach with investments ranging from €2 million to €50 million
Elevator Ventures
HQ: Vienna, Austria
Latest fund size: €70M in EV II
Sectors interested in: fintech
Stages: multi-stage, mostly Series A and B
Elevator Ventures is the Corporate Venture Capital entity of Raiffeisen Bank International (RBI). It focuses primarily on early and growth-stage investments in fintechs and related enabling technologies in Central and Eastern Europe, with additional focus on the DACH region. Their initial ticket size varies between €1 million and €3 million.
Endeit Capital
HQ: Amsterdam, the Netherlands
Latest fund size: Endeit Fund III of €303M
Sectors interested in: Future of Work, sales tech, supply chain, fintech, AI, and climate tech
Stages: growth
Endeit Capital is a growth capital firm focused on boosting internet scaleups, driven by technological advancements in AI, deep learning, quantum computing, and democratized algorithms. It has offices in Amsterdam, Hamburg, and Stockholm. With its current €303 million fund, Endeit Capital invests in multiple European countries, with a focus on the DACH region, Benelux, the Nordics, and the UK.
Flashpoint
HQ: London, the UK
Latest fund size: $150M
Sectors interested in: fintech, B2B software and tech-enabled solutions
Stages: multi-stage (VC fund for seed to late growth and dedicated growth debt investment vehicle)
Flashpoint is an investment firm specializing in US and Western European tech companies, with a focus on those originating from Europe and the Middle East. Their Growth Debt vehicle targets VC-backed companies with at least $3M in annualized revenue and 30%+ year-on-year growth, offering loan facilities of €2-5 million with 3-4 year terms. Flashpoint's strategy encompasses software and software-enabled companies across various sectors, including hospitality & travel, real estate, financial services, and healthcare IT.
Forbion
HQ: Naarden, the Netherlands
Latest fund size: Forbion Growth Opportunities Fund II of €600M
Sectors interested in: life science, bioeconomy
Stages: multi-stage, with a dedicated growth fund
Forbion is a European venture capital firm that helps companies bridge research and development through the team’s expertise in drug development and company building. It operates offices in the Netherlands, Germany, and Singapore. In 2022, it closed its first fund dedicated to later-stage companies, amassing €360 million to invest in 10-12 European life sciences firms.
Frontline
HQ: London, the UK
Latest fund size: N/A
Sectors interested in: B2B SaaS
Stages: multi-stage, with a dedicated growth fund
Frontline Growth is a venture capital fund dedicated to helping ambitious B2B companies expand into Europe. The fund typically invests in Series B to Series D rounds, partnering with top US investors and leveraging its expertise in European expansion to secure a place on the cap table. Frontline Growth focuses on category leaders and provides value-added services, including readiness assessments for expansion, go-to-market strategies, talent and organizational design, and location decisions.
Futury Capital
HQ: Frankfurt, Germany
Latest fund size: N/A
Sectors interested in: generalist with a software focus on B2B, B2C
Stages: multi-stage, with a dedicated growth fund
Futury Capital is an early- and growth-stage investor focusing on high-growth technology startups in Germany and globally. It operates two distinct investment vehicles: an early-stage fund that invests up to €500,000 per round in seed to Series A tech companies, and a growth-stage fund that invests €2-8 million per round in Series A to Series C companies. Futury Capital supports globally scalable business models across various sectors, including technology, software, consumer internet, AI, adtech, fintech, and e-commerce.
General Catalyst
HQ: London, the UK
Latest fund size: $1B
Sectors interested in: sector agnostic
Stages: multi-stage, with a dedicated growth fund
General Catalyst is a versatile venture capital firm supporting startups across all growth phases, from early to later stages, in sectors including consumer, enterprise, fintech & crypto, and health assurance.
Highland Europe
HQ: Geneve, Switzerland
Latest fund size: Highland Europe Technology Growth V of €1B
Sectors interested in: B2B or B2C tech
Stages: growth
Highland Europe is a growth-stage investment firm focused on consumer and enterprise technology companies. It typically targets fast-growing businesses — 50%+ annually — with over €5 million in ARR or revenue and proven product-market fit. Operating from London and Geneva, the firm invests €10-75 million per deal, primarily in Europe and Israel. Currently investing from their fifth €1 billion fund, the firm combines substantial capital injection with collaborative partnerships.
Hitachi Ventures
HQ: Munich, Germany
Latest fund size: $300M
Sectors interested in: IT, industrial automation, cloud services, mobility, energy, smart medicine, smart city, smart infrastructure and more
Stages: Series A and beyond
Hitachi Ventures, the global venture capital arm of Hitachi Group, has launched its latest fund with $300 million, focusing on innovative startups addressing key technological and societal challenges across sectors like IT, industrial automation, cloud services, mobility, energy, and smart infrastructure. With offices in Munich and Boston, the fund targets Series A, B and C rounds in globally leading startups.
Horizon Capital
HQ: Kyiv, Ukraine
Latest fund size: Horizon Capital Growth Fund IV of $350M
Sectors interested in: generalist
Stages: multi-stage, with a dedicated growth vehicle
Horizon Capital is one of the leading private equity firms in the CEE that manages six funds with over $1.6 billion in AUM. Their latest fund, Horizon Capital Growth Fund IV (HCGF IV), closed at $350 million, surpassing its initial target by 40%. HCGF IV focuses on investing growth capital in fast-growing, primarily tech and export-oriented companies in Ukraine and Moldova. The fund targets visionary entrepreneurs leading innovative startups and SMEs.
HV Capital
HQ: Munich, Germany
Latest fund size: €710M
Sectors interested in: climate, frontier Tech, health, fintech, enterprise, consumer, marketplaces
Stages: multi-stage, with a dedicated growth fund
HV Capital deploys capital across all growth stages. Its approach involves early-stage rounds ranging from €500,000-10 million, growth-stage investments up to €60 million, and follow-on investments reaching up to €100 million per company. In 2023, HV Capital announced its largest fund, Fund IX, with a size exceeding €710 million, split into two vehicles: Fund IX Venture and Fund IX Growth, to target companies from Seed to Series D and beyond.
IDC Ventures
HQ: Copenhagen, Denmark
Latest fund size: N/A
Sectors interested in: fintech, marketplace, platforms
Stages: from Series A and above
IDC Ventures is a venture capital firm that focuses on backing industry-defining founders from Series A to growth stages across Europe, the US, and Latin America. The fund employs a proactive investment strategy, aiming to lead rather than follow in its investments. IDC Ventures concentrates on three main areas of expertise: fintech, marketplaces, and platforms. IDC Ventures typically invests between $1-7 million per deal.
Insight Partners
HQ: New York, US and London, UK
Latest fund size: $118M
Sectors interested in: software
Stages: multi-stage
Insight Partners is a global software investor that partners with high-growth technology, software, and internet startup and scale-up companies, driving transformative change in their industries. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Its mission is to find, fund, and successfully work with visionary founders, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO.
Inven Capital
HQ: Prague, Czech Republic
Latest fund size: €500M
Sectors interested in: climate
Stages: Series A and above
Inven Capital is focused on climate tech investments across Europe and Israel, offering investment tickets ranging from €2 million to €30 million. It aims to support businesses that contribute to environmental sustainability and create diverse job opportunities. Inven Capital’s investment strategy emphasizes companies that can make a significant impact in the climate tech sector, aligning with its mission to foster a more sustainable future.
IVP
HQ: Menlo Park, the US and London, the UK
Latest fund size: $1.6B in IVP XVIII
Sectors interested in: generalist
Stages: growth
IVP is looking for later-stage companies with growth trajectories geared for greatness, with a clear vision, established product-market fit, and the beginnings of a strong go-to-market motion. IVP's initial investments tend to range from $15 million to $75 million, with extra capital reserved for follow-on rounds. The fund invests across stages and industries, with a particular focus on SaaS, enterprise infrastructure, AI, fintech, digital health, gaming and consumer internet.
Kembara
HQ: Madrid, Spain
Latest fund size: €350M, with a target of €1B
Sectors interested in: climate and deeptech
Stages: Series B and C
Kembara is a new sister fund of Mundi Ventures, the Madrid-based VC. It was launched in July 2024, raising €350 million from European Investment Fund. Kembara will invest in around 20 deeptech and climate tech startups at Series B and C, primarily in Germany, Spain, France and Sweden, writing ticket sizes of €50 million on average.
Lakestar
HQ: Zurich, Switzerland
Latest fund size: Lakestar Growth II of $320M
Sectors interested in: AI, digitalisation, healthcare, deep tech, fintech and more
Stages: multi-stage, with a dedicated growth fund
Lakestar invests in visionary tech entrepreneurs from seed to growth stages, focusing on four key sectors: deeptech, healthcare, fintech, and digitalization. The firm's strategy emphasizes long-term partnerships, leveraging deep sector expertise to provide valuable insights and forward-looking perspectives. Lakestar's selective approach ensures it can offer meaningful support beyond capital, helping portfolio companies shape global modern life through technological innovation.
Latitude
HQ: London, the UK
Latest fund size: N/A
Sectors interested in: sector agnostic
Stages: growth
Founded in 2019, Latitude Ventures is a sister fund to the London-based seed investor LocalGlobe. The firm seeks to invest in breakout companies coming through from LocalGlobe's previous funds, at Series B and beyond stages. Latitude Ventures invests in B2B tech founders solving big, industry-agnostic problems.
LeadX Capital Partners
HQ: Munich, Germany
Latest fund size: N/A
Sectors interested in: B2B, sustainable digital transformation
Stages: growth
LeadX Capital Partners is an expansion capital fund focusing on leading European companies in technology-enabled solutions across industrial, health, and consumer sectors. Targeting EBITDA-positive firms with revenues exceeding €10 million and annual growth over 30% CAGR, LeadX partners with B2B entrepreneurs for sustainable digital transformation. Leveraging specialist expertise and extensive industry networks, the fund provides value beyond capital, accelerating portfolio company growth.
Lightrock
HQ: London, the UK
Latest fund size: $300M
Sectors interested in: impact-focused investing
Stage: multi-stage
Lightrock, headquartered in London, is a global impact tech VC firm. It invests in scalable, tech-driven companies aligned with three impact themes: people, planet, and productivity. Its mission is to collaborate with ambitious entrepreneurs for societal benefit. Lightrock offers support in strategy, impact, capability development, and fundraising, leveraging its network for portfolio companies.
Lightspeed Venture Partners
HQ: Menlo Park, the US and London, the UK
Latest fund size: $2B
Sectors interested in: enterprise, consumer, health, and fintech
Stages: multi-stage
Founded in 2000 in Menlo Park, California, Lightspeed Venture Partners operates globally with offices in the US, Israel, India, China, Europe (London and France), and Southeast Asia. The firm offers growth capital, private equity, and venture capital products, focusing on accelerating innovations in the enterprise, consumer, health, and fintech sectors. With around $18 billion in assets under management, Lightspeed has backed over 500 companies from seed stage to Series F and beyond.
Molten Ventures
HQ: London, the UK
Latest fund size: N/A
Sectors interested in: consumer, digital health and wellness, AI, deeptech, hardware, cloud, enterprise, and SaaS
Stages: Series A and above
With offices in London, Cambridge, and Dublin, Molten Ventures focuses on Series A rounds and beyond, targeting companies tackling significant technological challenges across various sectors. Molten’s latest fund aims to capitalize on its established approach of identifying and nurturing Europe's tech leaders in sectors including hardware, software, healthcare, and consumer technology.
Movens Capital
HQ: Warsaw, Poland
Latest fund size: N/A
Sectors interested in: marketplaces and SaaS in fintech, martech, e-commerce support, logistics, medtech, industry 4.0, deeptech, sport & wellness
Stages: multi-stage, with a dedicated growth fund
Movens Capital, a European VC firm, operates two funds: one for early-stage investments — €250,000-1 million in Polish and CEE tech startups — and Movens Growth Equity (MGE), providing €2-6 million to established SMEs. The firm targets sectors like fintech, martech, e-commerce, logistics, medtech, and deeptech, focusing on companies with €2 million+ revenue and positive EBITDA. Movens Capital offers hands-on support in financial management, sales growth, and operations, positioning itself as a strategic business partner.
Northzone
HQ: London, the UK
Latest fund size: Northzone X of €1.1B
Sectors interested in: healthcare, semiconductors, software, hardware, artificial intelligence, blockchain, and gaming industries
Stages: multi-stage
Northzone is a multi-stage VC committed to supporting startups from seed to growth stages. In the seed phase, it provides guidance and resources to help founders realize their vision. As companies progress to Series A and B, the fund looks for strong founding teams and viable products targeting substantial market opportunities, supporting global expansion. Following its €1 billion fundraise in 2022, Northzone now also participates in later funding rounds, offering checks ranging from €1 million to €40 million.
Notion Capital
HQ: London, the UK
Latest fund size: Notion Capital Fund V of €300M
Sectors interested in: Saas
Stages: multi-stage
Notion Capital is an entrepreneur-driven VC firm specializing in the Cloud Computing and SaaS sectors. While its primary focus is on early-stage investments, Notion also engages in growth-stage investments, aiming to empower European tech enterprises to achieve substantial scalability and reach their full potential.
HQ: London, UK
Latest fund size: N/A
Sectors interested in: deeptech, sustainability, digital society
Stages: Series A and B
NordicNinja VC is a Japan-backed fund operating from Europe, dedicated to supporting companies that address global carbon footprints, particularly in climate tech, deeptech, and digital society sectors. Founded in 2019, the fund focuses on the Nordic-Baltic region, investing in innovative companies with an average ticket size ranging from €2 million to €8 million. Notably, half of its investments are directed towards the mobility and transportation sectors.
One Peak
HQ: London, the UK
Latest fund size: $2B
Sectors interested in: B2B tech
Stages: Growth
One Peak is a growth equity firm supporting technology entrepreneurs across Europe and Israel. With over $2 billion in assets, it focuses on rapidly growing B2B software companies with proven technology and strong management. Investments typically range from €15 million to €100 million per deal, with flexibility for exceptional opportunities. Recently, One Peak closed its third fund at a $1 billion hard cap, solidifying its position among Europe's largest growth funds.
Orbit Capital
HQ: Prague, Czech Republic
Latest fund size: N/A
Sectors interested in: tech & tech-enabled companies
Stages: growth
Orbit provides growth capital to successful scaleups in the tech and tech-enabled sectors, focusing on companies at the scaling/expansion stage with a minimum €8 million run rate and more than 30% annual growth. With a mission to transform tech-enabled SMEs into enduring enterprises, Orbit serves as a trusted, value-adding partner to ambitious entrepreneurs.
OTB Ventures
HQ: Amsterdam, the Netherlands and Warsaw, Poland
Latest fund size: $185M
Sectors interested in: deeptech, spacetech, AI & automation, fintech, and cybersecurity
Stages: multi-stage
OTB Ventures is a leading European venture capital firm with offices in Warsaw, Poland, and Amsterdam, the Netherlands. It focuses on startups in the late seed, Series A, and Series B stages, investing in companies that develop technologies in four key verticals: spacetech, AI & automation, fintech, and cybersecurity.
Partech
HQ: Paris, France
Latest fund size: Partech Growth II of €665M
Sectors interested in: Generalist
Stages: multi-stage, with a dedicated growth fund
Partech Growth, founded in 2015, is a European growth fund investing in scaleups with revenues from €10 million to over €100 million. It targets driven companies, whether bootstrapped or VC-backed, aiming for profitability. Initial investments range from €25 million to €70 million (up to €100 million with Partech LPs). Partech Growth's team blends sector expertise with a data-driven approach, supporting M&A strategy, execution, and global expansion.
Pembroke
HQ: London, UK
Latest fund size: £200M
Sectors interested in: consumer, business services and technology sectors
Stages: Growth
Pembroke VCT is a venture capital trust focusing on growth-stage companies in the health and fitness, apparel, media, and technology sectors. The fund targets businesses generating at least £1 million in annual revenue, with an established customer base and a refined product or service offering. Pembroke seeks exceptional founders with disruptive mindsets in the consumer, technology, and business services sectors, aiming to support companies looking to expand their operations, team, or product range.
Revaia
HQ: Paris, France
Latest fund size: Revaia Growth II of €150M
Sectors interested in: sustainability
Stages: Growth
Revaia is a European investor focusing on sustainable growth in mission-driven companies, often with over €5 million in annual revenue. They support businesses disrupting industries through technology and innovation, emphasizing sustainability. With offices in Paris and Berlin, and future plans for London, Revaia provides financial backing and access to a strong network of growth experts, helping portfolio companies scale globally from Series B to IPO or buyout.
Round2 Capital Partners
HQ: Vienna, Austria
Latest fund size: €62M
Sectors interested in: SaaS, software
Stages: growth
Round2 Capital Partners offers non-dilutive growth debt to fast-growing tech companies in the DACH and Nordics regions, focusing on SaaS and innovative hardware/software combinations. It aims to bridge the funding gap for software businesses through revenue-based financing.
Seraphim Space
HQ: London, the UK
Latest fund size: N/A
Sectors interested in: spacetech
Stage: multi-stage, with a dedicated growth fund
Based in the UK, Seraphim Space is a leading specialist investor focused on the spacetech sector. It has made an industry impact with a portfolio of over 90 spacetech companies and support from international space agencies. The growth fund targets investments from Series B onwards.
Seaya
HQ: Madrid, Spain
Latest fund size: Seaya Andromeda Sustainable Tech Fund I of €300M
Sectors interested in: sector agnostic
Stages: multi-stage
Seaya Ventures is a European and Latin American VC with offices in Madrid and Mexico City, focusing on exceptional entrepreneurs who build global tech companies. The firm currently manages over €600 million across five early-stage venture funds. Seaya accelerates startup growth by leveraging founders' strategic vision and providing access to its global platform and extensive network of founders, investors, and multinational corporations.
Sequoia
HQ: Menlo Park, the US
Latest fund size: $1.5B in the US growth fund
Sectors interested in: generalist
Stages: multi-stage, with a dedicated growth vehicle
Sequoia Capital is a global venture capital firm with local headquarters situated in many parts of the world such as the US, Southeast Asia, India, China, and Israel. With over 50 years of experience, Sequoia has been actively investing in European founders, helping them build companies from idea to IPO and beyond. They specialize in seed-stage, early-stage, and growth-stage investments in private companies across technology sectors and geographies.
UNIQA Ventures
HQ: Vienna, Austria
Latest fund size: N/A
Sectors interested in: fintech, insurtech, digital health
Stages: multi-stage
UNIQA Ventures is the venture capital arm of UNIQA Insurance Group AG and a pioneer in corporate-backed venture capital in Central & Eastern Europe. Based in Vienna, Austria, the firm invests in outstanding business models driven by strong teams and a clear vision to shape the future of key industries. Its main investment areas include the future of health, mobility, intelligent home, fintech/insurtech, and enabling technologies such as IoT, blockchain, and ML/AI.
Warsaw Equity Group
HQ: Warsaw, Poland
Latest fund size: €170M
Sectors interested in: big data, AI, ML, cybersecurity, system integration, IoT, robotics, simulations, software, sustainability
Stages: growth
Warsaw Equity Group is a leading private investment company in Central and Eastern Europe, with over 20 years of experience backing innovative B2B solutions focused on automation, efficiency improvement, and sustainability. Their investment focus lies in technology-driven software and hardware across multiple sectors. The firm typically invests between €4-15 million in companies that have achieved profitability or are on track within 1-2 years, primarily targeting the CEE region.
