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new european vc funds by vestbee
02 December 2022·7 min read

Katarzyna Groszkowska

Editor, Vestbee

New European VC Funds Raised In November 2022

As the month of November comes to a close it’s time to review some of the most interesting happenings in the startup and VC ecosystem in Europe. Let’s discover newly raised VC funds, investing in startups across the globe from emerging sectors such as deep tech, fintech, SaaS, marketplace and more.  

To discover more VC funds, check out our VC list - a complex database of the best early-stage venture capital funds investing in innovative startups across different verticals. Read More.

OTB Ventures

Location: Warsaw, Poland
Preferred industries: Deeptech-focused, including sectors such as Enterprise AI automation, SpaceTech, FinTech, Cybersecurity, and ClimateTech
Fund size: €150M
Company stage: Early stages

The Warsaw-based firm has announced the launch of its second fund, OTB Fund II, supported by the Invest in Europe program and the EIF (European Investment Fund). They aim to support European innovation breakthroughs, powered by deep tech. 

And to learn more about their investment strategies check out Q&A with Marcin Hejka, Co-founder and General Partner at OTB Ventures.

bValue

Location: Warsaw, Poland
Preferred industries: Tech-focused
Fund size: Targeting $100M (first closing of €72M) 
Company stage: Later stages

bValue has announced the closing of the first €72M in its third fund, with the goal to raise a total of $100M. They aim to invest in 8 to 12 profitable CEE-based companies with a scalable business model, at later, more mature stages of development. 

Check out Q&A with Maciej Balsewicz, Co-Founder and Managing Partner at bValue to learn more about their investment activities!

Index Ventures

Location: London, UK
Preferred industries: Sector agnostic (but with emphasis on B2B enterprise software, gaming, fintech, marketplace)
Fund size: $300M
Company stage: Seed

The San Francisco and London-based VC firm has announced the launch of its third fund - after vehicles focused on series A, B, and growth-stage, the newest one is aimed at seed-stage companies. It will back startups from the US, Europe, and Israel.

Alpha Intelligence Capital

Location: Luxembourg
Preferred industries: Healthcare, biotech, cybersecurity, enterprise software, manufacturing, sustainability
Fund size: Targeting $300M (first closing of $100M) 
Company stage: Series A and B

Alpha Intelligence Capital fund is planning to invest in up to 30 AI-based companies with its second fund. They are interested in working on cutting-edge AI technologies across many sectors and countries. 

Nesta

Location: London, UK
Preferred industries: Startups with sustainable or social impact
Fund size: £50M
Company stage: early stage

Nesta Impact Investments, one of the most active impact investors, has launched a new £50M fund with the aim to back startups contributing to people’s well-being in three key areas: supporting education and closing its disadvantage gap; tackling obesity; and creating a sustainable future by reducing carbon emissions. 

Unruly Capital

Location: based in Los Angeles, CA
Preferred industries: Cutting-edge startups with innovation vision across different sectors (such as hard deeptech focused on climate; genetic engineering; artificial intelligence; space technology; decentralized computing, finance and governance and more) 
Fund size: First closing of €18M
Company stage: early stage

A brand new fund on the world’s VC map, has been debuted by Stefano Bernardi, UK’s Atomico angel investor with the aim to invest in the most innovative companies, building solutions at the frontiers of today’s technology. 

FIRSTPICK

Location: Vilnius, Lithuania
Preferred industries: Impact technologies and broad fintech. 
Fund size: Targeting €20M (first closing of €15M)
Company stage: early stage

This new fund has been set up by the Lithuanian team of the Estonian Startup Wise Guys with the aim to back the best tech founders across the Baltic region. Although they are not sector-specific in their investment decisions, they have highlighted two main areas of interest, which include technologies for the better world (such as productivity, the future of work, and access to education to name a few themes) and broad fintech (embedded or open finance, insurtech, banking and more).

EQT Ventures

Location: Stockholm, Sweden 
Preferred industries: climate tech, food tech, the creator economy, energy, fintech, software, data & IT infrastructure, and deep tech
Fund size: €1.1Bn
Company stage: early stage

The Venture arm of EQT Group has raised its third fund EQT Ventures III, which with a total of €1.1Bn is one of the largest early-stage VC funds ever raised in Europe. They aim to empower groundbreaking impact and tech companies from early stages to early growth. 

Nordic VC Inventure

Location: Helsinki, Finland
Preferred industries: Not specified
Fund size: €150M
Company stage: early stage

The fourth fund of the Nordic VC Inventure has been announced, with the €150M raised to back early-stage founders from the Baltics and the Nordics as well as engage at even earlier stages by writing angel investor-sized tickets. And about 60% of the fund will be reserved for follow-on funding.

Simpact Ventures

Location: Warsaw, Poland
Preferred industries: Impact startups
Fund size: 100M PLN
Company stage: not specified

Simpact Ventures raised a fund with the aim to support breakthrough technologies that make the world a better place. 

Pact

Location: London, UK 
Preferred industries: Mission-driven startups in the areas such as access (economic inclusion), betterment (personal and professional well-being), and climate.
Fund size:  £30M
Company stage: early-stage

The female-led VC firm Pact announced the closing of its first £30M fund, dedicated to mission-driven companies building solutions around economic inclusion, personal and professional well-being, and climate solutions, with the aim to invest from £1M to £1.5M into each opportunity. 

Angel One

Location: Ukraine
Preferred industries: fintech, SaaS, edtech, AI/ML
Fund size: $1.5M
Company stage: pre-seed and seed-stage 

Angel One is an angel venture fund that will invest in Ukrainian startups and academic spinouts, investing $50k to $200k across innovative tech sectors. 

Vsquared Ventures

Location: Munich, Germany 
Preferred industries: Deeptech 
Fund size: €165M
Company stage: early-stage

Vsquared Ventures has raised a new found of €165M, with the aim to back European startups developing deeptech solutions in sectors such as AI & robotics, new computing & sensing, new space, energy transition, next-gen data processing and more. 

GR Capital 

Location: Ukraine 
Preferred industries: fintech, proptech, mobility, health tech, and the future of work.
Fund size: Targeting €100M (first closing of €30M)
Company stage: from early-growth up to Series C rounds

A Pan-European fund, originating from Ukraine, with full-time offices in Berlin and Kyiv, has announced the closing of the first part of its new GR Capital Fund II. It will invest between  €5 - 10 million per company. 

Round2 Capital 

Location: Luxembourg
Preferred industries: B2B Software companies
Fund size: Targeting €100M (the first close of €62M)
Company stage: growth-stage

The firm’s second fund targets European growth companies offering B2B software critical to business success. They announced the plans to finance up to 40 small- and mid-cap software companies all over Europe, with a focus on the DACH and Nordic markets.

PurreTerra Ventures

Location: Amsterdam, The Netherlands
Preferred industries: Innovations in the water technology sector
Fund size: €60M
Company stage: not specified

With the support of EIF, PuraTerra Ventures, a sustainability-focused VC firm has raised another fund to support technologies providing better quality and access to water, following its vision: Clean Water For All. 

Mozilla Ventures

Location: Global
Preferred industries: Digital products that change the internet and the tech industry for the better
Fund size:  $35M 
Company stage: early-stage

Mozilla has announced its plans to launch its VC fund - Mozilla Ventures in 2023 to support projects improving the experience and safety of internet users. 

Privilège Ventures

Location: Lugano, Switzerland
Preferred industries: Not specified (female-led startups) 
Fund size:  $35M 
Company stage: early-stage

A fourth fund of the firm has been announced, with the aim to support women-led early-stage startups across Europe. They plan to write 15-20 early-stage checks, with initial investments in the $250,000 range.

Related Posts:

New VC Funds Investing In Europe - 3Q 2022 (by Ilya Mikhalchyk-Kananenka, Community Builder, Vestbee)

New VC Funds Investing in Europe - 2Q 2022 (by Valerie Stupnikova, Vestbee)

New VC Funds Investing In Europe - 1Q 2022 (by Ilya Mikhalchyk-Kananenka, Community Builder, Vestbee)

 



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