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new vc funds investing in Europe 3q by vestbee
01 November 2022·11 min read

Ilya Mikhalchyk-Kananenka

Community Builder, Vestbee

New VC Funds Investing in Europe - 3Q 2022


We are happy to see a constantly growing number of venture capital companies (see 1Q 2022  and 2Q 2022 overview), especially ones focusing on the European market. That’s why we have prepared a quarterly overview of new VCs investing in startups across Europe - let's dive into the 3Q of 2022!

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.

VC Funds from CEE

  • Bogdan Lordache, a How to Web’s Conference founder, has launched Underline Ventures. This €20M firm will back high-growth Eastern European startups aiming to scale globally.
  • Lithuania-based Contrarian Ventures, an impact VC fund with a focus on climate tech and clean energy sectors, has launched yet another fund of €100M, with the aim to support seed-stage startups across Europe.
  • Inovo, a Poland-based VC fund has set up its third €100M fund that will back seed startups across all verticals. It usually offers ticket sizes ranging from €500k to €4M to companies that either operate in the CEE or originate from the region.
  • Czech Founders VC opened a €10M fund, dedicated to financing pre-seed, CEE-based startups with ambitions for global expansion. Investments it offers range from €50k to €350k.
  • Seed Starter is a €5M CVC fund by Slovenská spořitelna, created to finance regional startups at a seed stage, operating in the fintech sector.
  • Polish-American VC ffVC has announced the inception of a new $50M fund - Blue & Yellow - that will exclusively invest in Ukrainian founders and startups.
  • Baltic Sandbox Ventures debuted a new fund with the aim to support the Deep Tech and Life Science ecosystem in the Baltic region. It will invest in early-stage and R&D-focused startups with high potential for commercial application.
  • Estonia-based VC fund Trind Ventures has opened its second €55M fund, which will be deployed to invest in startups from Northern and Central Europe, developing B2B and C2C software solutions.
  • Invento Capital, a VC firm based in Poland, has raised an additional fund of 7.5M PLN to back startups operating in the fields of energy, medtech, chemistry and new materials.

VC Funds from Europe

  • Climate VC firm, Climentum, raised a €150M fund that will finance European companies lowering CO2 emissions and supporting a transition towards green energy. Investment tickets from €1M to €5M will be offered to late-seed and series A startups.
  • AENU, a fund headquartered in Berlin, announced a new €100M evergreen fund to support early-stage startups with social or climate impact across the US and Europe. The size of investment tickets will vary between €500k to €5M.
  • Unconventional Ventures, a Danish VC has raised a €30M fund dedicated to supporting founders from underrepresented backgrounds, across Europe and sectors such as climate, health, education, and inclusive fintech.
  • French Elaia will continue to support European deep tech companies with another fund of €77M. It will be deployed to support a cohort of 30-40 pre-seed and seed startups with tickets ranging from €200k to €2M.
  • German VC Einstein Industries Ventures is specialized in the European new space sector. Its newly raised €300M fund will be dedicated to groundbreaking startups operating in this industry, preferably developing satellite-related solutions.
  • French VC Quantonation will back European startups working on quantum innovations. It launched a €91M fund to finance early-stage Deep Physics and Quantum Technologies startups.
  • Vektor Partners, headquartered in London, rolled out a €125M fund to support startups operating in the field of mobility with software, AI, /machine learning, and data-driven business models. Its offers tickets ranging from €1-5M to European and US-based early-stage startups.
  • German AM Ventures announced its €100M fund that will back innovation across industrial 3D printing with ticket sizes of  €500k to €3M, deployed for growth stage companies all over the globe.
  • Systemiq, a climate tech VC firm from London, has announced the closing of the first $70M part of the $200M fund. It will be used to support innovation around regenerative land use, oceans, transportation, and the circular economy.
  • Demium, an international talent investor firm located in Spain, closed up a €40M Central Europe-oriented fund. It will support pre-seed and seed-stage companies.
  • A German VC firm, Vorwerk Ventures, launched its new €150M fund with the aim to support European consumer-facing digital startups. It wil investl from €1M to €10M in seed to series A rounds.
  • UK-based Flashpoint launched its third $102M fund to invest in tech, B2B software companies founded by entrepreneurs from Emerging Europe and Israel, raising their series A round.
  • Finnish Gorilla Capital announced its third €50M early-stage fund to back tech startups from Sweden, Finland, Denmark, and the Baltic states, across all industries.
  • UK’s Exceptional Ventures debuted a £20M fund, aimed at HealthTech, FoodTech and Financial well-being innovations. It will support pre-seed and seed startups from the UK and Europe.
  • German Impact VC fund, from the sustainability sector, Green Generation Fund, announced its new €100M fund. It will back seed- and early-stage startups across Europe and the US, operating in the food tech and green tech sectors.
  • English VC fund 2xN closed its $120M fund. It will be deployed to invest from $3M to $5M in quantum computing startups across the US and Europe, from pre-seed to series A.
  • Deep tech VC eCAPITAL, based in Germany, wrapped up the first €100M of its 5th fund. The firm will support startups from early to growth-stage companies across Germany and the world.
  • France-based VC firm Capagro operating in the agritech and foodtech sectors has wrapped up its second, €200M fund. The firm will offer investment tickets in the sizes €3M to €10M to European startups.
  • EQT Growth, a purpose-driven global investment organization raised a €2.2Bn fund to support enterprise, con/prosumer, health, and climate innovation across Europe and Israel.
  • Northzone, a VC headquartered in London, closed its 10th €1Bn fund. It will be used to support early to growth-stage startups across the US and Europe.
  • Neva SGR, a corporate venture arm of the Italian Intesa Sanpaolo, debuted its  €250M fund. It will mostly focus on Italian startups, but will also consider propositions from other parts of Europe.
  • Junction, an Impact VC firm, investing in energy transition solutions has announced a rollout of a €100M fund. The firm will back energy innovations with tickets running from €5M to €15M.
  • Concentric, a pan-European, Activist Venture Fund announced the closing of its second fund. It will support startups from the seed stages. operating in the sectors such as financial services, logistics, real estate, industrial software, and mobility.
  • 500 Istanbul has changed its name to 500 Emerging Europe and wrapped up its next €70M fund, with the aim to continue supporting the CEE-based companies.
  • France-based Axeleo Capital raised a €50M fund to support early-stage startups across France and beyond. The tickets will vary from €0.2M to €1.5Mand will be offered to companies developing enterprise software, B2B fintech, crypto/Web 3, cloud, and SaaS B2B solutions.
  • Visionaries Club, a VC firm from Germany, unveiled its €400M fund, dedicated to early- and growth-stages deep tech startups, developing B2B solutions.
  • Dutch VC firm Rockstart announced a new €30M emerging tech fund. It will be deployed to support European startups across Industry 4.0, Advanced Analytics, Smart Societies, Digital Health, Data Privacy andSecurity.
  • A Germany-based DTCP has raised its third $300M fund to back growth-stage solutions from sectors such as cybersecurity, web3, AI, fintech, vertical SaaS or cloud infrastructure software, based in Europe, Israel or the US.
  • Yellow Fund of €50M, has been raised by Glovo founder to support early-stage startups from southern Europe, as well as from other countries, where Glovo operates.
  • A geo-agnostic VC firm, Point Nine Capital announced its sixth, €180M fund, which will be used to support founders from Europe, the US, Canada, and Turkey, developing B2B SaaS and marketplaces solutions. The firm will offer seed-stage companies tickets varying from €500k to €5M.
  • Climate Tech-focused platform Extantia raised a €300M VC and fund-of-funds. It will invest in scalable, deep decarbonization startups and global climate tech funds.
  • Zubr Capital, a private equity firm focused on investments in the TMT sector, raised a $96M fund to back CEE's IT startups, with tickets ranging from $2M to $10M.

Global VC Funds

  • Global VC firm Headline, located in major financial centers across the world, has raised a $950M fund to invest from $1M to $15M across all stages and industries in  Europe, the US, Latin America, and Asia.
  • Global multi-stage VC Cathay Innovation announced the closing of its $1Bn fund. It will be sector-agnostic in its investment decisions, offering tickets ranging from $5M to $80M.
  • The Generalist, a tech and crypto newsletter, has just unveiled its first $12.25M fund, to back companies operating in crypto and fintech sectors in emerging markets. 75% of the financing will go to early-stage startups, with the remaining part dedicated to exceptional growth-stage ventures.
  • Konvoy Ventures, a venture capital firm investing in the platforms and technologies from the gaming industry,  has raised its 3rd $150M fund to support n early-stage startups all over the globe.
  • Multicoin Capital announced the closing of its third $430M crypto fund. It plans to invest in startups across all stages, putting from $500k to $25M in early-stage ventures and up to $100M in the later stages.
  • Protagonist debuted its first $100M crypto fund and incubator for early-stage ventures. It will support startups developing solutions in infrastructure, emerging blockchain ecosystems, and security or privacy-related projects.
  • Portage Ventures, a fintech VC based in Canada, closed up its third $655M fund to support startups from seed to series C, across the US, Canada and Europe.
  • HorizonX, a VC platform co-managed by Boeing and AE Industrial Partners has unveiled a $250M fund/ It will be focused mainly on aerospace and defense projects across the US, Europe, Asia, and Australia.
  • Tapestry VC, a US and Europe-focused fund, has announced the inception of a combined $50M fund for its early-stage and follow-on funds. It will be deployed to support software, fintech, and “breakthrough technologies” projects.
  • CoinFund, based in NYC, closed up its second, $300M fund, dedicated to web3 projects. VC will support early-stage crypto-based projects.
  • Vale Ventures is a $100M corporate venture arm of Vale - a mining corporation. It will deploy the gathered funds to invest in sustainable innovation, especially in sustainable mining.
  • Portal Ventures debuted a $35M fund to invest in early-stage crypto startups.
  • Life Extension Ventures, based in New York City, has unveiled its $100M fund to support startups enabling human longevity. The firm will take into consideration projects from all over the US and Europe.
  • Symbolic Capital, yet another NYC-based firm, closed up a new $50M fund dedicated to supporting web3 projects, developing consumer-facing apps, all over the world.
  • Bessemer Venture Partners, announced a $4.6Bn close across two funds. It will be deployed to support enterprise, deep tech, fintech, consumer, and healthcare startups across all regions of the world.
  • Energy Impact Partners announced a €390M fund to support European climate tech startups with the mission to bring the Earth closer to net zero.
  • Horizon Capital, a US-based firm, has raised the first $125M closing of its $250M fund. The firm will focus on Ukrainian and Moldovan startups.

Related Posts:

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

VC Funding In CEE Report - 2Q 2022 (by Konrad Koncerewicz, Head of VC & Startups, Vestbee)

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


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