Updated on 19.02.2026
Cybercrime is projected to cost the global economy $10.8 trillion by 2026; if it were a country, only the US and China would be larger. As AI systems scale and quantum computing moves closer to practical use, the attack surface is expanding just as fast. This scale has reshaped investor priorities. Cybersecurity startups are no longer evaluated solely on product differentiation, but on their role in protecting critical infrastructures, on the private and public levels, cloud systems, and increasingly, AI-driven environments.
Vestbee has compiled a list of Europe-based VC funds that back cybersecurity startups, focusing on broader tech funds as well as specifically cybertech ventures.
If you notice any investors missing from this list or see any information that needs updating, please let us know.
Here is a comprehensive list of the most active VC funds investing in European cybersecurity startups in 2026:
33N Ventures
HQ: Porto, Portugal
Stage: Series A/B
Investment focus: cybersecurity and infrastructure software companies
33N Ventures focuses on investing in B2B cybersecurity and infrastructure software companies globally. The VC targets Series A and B funding rounds, with typical investment tickets ranging from €4 million to €12 million, preferring to lead or co-lead rounds. While investing globally, the firm has a particular focus on Europe, North America, and Israel. In January 2024, 33N Ventures announced the first closing of its dedicated cybersecurity and infrastructure software fund at €50 million, with a target size of €150 million.
55 North
HQ: Copenhagen, Denmark
Stage: Early to late-stage
Investment focus: quantum computing, quantum sensing, quantum communication
55 North is a Danish venture capital firm founded in 2025, specializing in quantum technologies. The firm invests across stages, from early funding rounds to multi‑€100M Series B deals, emphasizing long-term capital and ecosystem building, collaborating with universities, research labs, industry partners, and governments to accelerate the practical deployment of quantum innovations. It has announced the first close of the fund, with a total target of €300 million. Investors backing the fund include Novo Holdings, EIFO, Vsquared Ventures, and Cambium Capital.
Adara Ventures
HQ: Madrid, Spain
Stage: seed to Series A/B
Investment focus: cybersecurity, applied AI, digital infrastructure, hardware components, digital health, space, energy transition
Adara Ventures is a European VC firm founded in 2005, investing in early-stage deeptech companies across Europe and the US. The firm is currently investing from its fourth flagship fund, AV4, targeting €100M in commitments, alongside a dedicated energy transition vehicle. Adara has backed over 50 companies and achieved more than 10 exits. The firm invests primarily in European startups with globally scalable technology and supports them through early growth and international expansion.
Alpana Ventures
HQ: Geneva, Switzerland
Stage: early stages
Investment focus: deeptech and digital transformation
Alpana Ventures is focused on digital transformation and deeptech solutions. It targets Switzerland, Europe, and the US, investing to embed their technologies into innovative business models and supporting them to become global market leaders. With a decade of experience investing primarily in Swiss digital startups, Alpana empowers founders through strategic guidance, talent acquisition assistance, and marketing expertise.
astorya.vc
HQ: Paris, France
Stage: pre-seed and seed
Investment focus: insurtech, AI, cybersecurity
astorya.vc is an early-stage VC firm investing in European startups building technologies related to resilience, security, and insurance. The fund focuses on pre-seed and seed companies, with initial tickets ranging from €100,000 to €250,000. Its investment scope includes cybersecurity, AI-driven fraud detection, climate risk modelling, and next-generation insurance infrastructure. astorya.vc works closely with traditional insurance firms, with LP and ecosystem connections including insurers, brokers, and insurtech operators.
Auriga Cyber Ventures
HQ: Paris, France
Stage: early stages
Investment focus: cybersecurity
Auriga Cyber Ventures is a specialized early-stage venture capital fund focused on identifying and supporting the most promising European cybersecurity startups working towards creating a more secure and privacy-respecting digital environment. Operating under the umbrella of pioneering French VC firm Auriga Partners, the fund invests seed tickets ranging from €500,000 to €1 million in French and European cybersecurity startups, with capacity for follow-on rounds.
Airbus Ventures
HQ: Paris, France
Stage: early to growth stage
Investment focus: Aerospace and deeptech; security, dual-use technologies, energy, data, logistics
Airbus Ventures is focused on early- to growth-stage deeptech companies, particularly in aerospace and related industries. The fund invests in technologies at the intersection of Earth and space, including autonomous mobility, advanced materials, electrification, and next-generation computing. It targets startups building complex engineering products and systems, often with dual-use or industrial applications - including security and cybersecurity in particular.
Axeleo Capital
HQ: Lyon, France
Stage: seed to Series B
Investment focus: enterprise software, cybersecurity, B2B, fintech, crypto & Web 3.0, proptech & contech
Axeleo Capital focuses on backing European B2B tech startups operating in sectors such as cybersecurity, artificial intelligence, data, fintech, and blockchain. In 2022, Axeleo Capital closed its second fund, AXC2, raising €73 million. With this fund, Axeleo Capital targets investments in the pre-seed and seed stages, with initial ticket sizes ranging from €100,000 to €1.5 million, and the ability to participate in follow-on rounds up to €5 million.
b2Venture
HQ: Berlin, Germany
Stage: All stages
Investment focus: AI & ML, biotech, climate, fintech, consumer, SaaS
Founded in 2000, b2venture operates in multiple locations, including St. Gallen, Munich, Luxembourg, Zurich, and Berlin. Through its dedicated funds and direct investment track, b2venture invests in startups in the DACH region and across Europe. Its portfolio includes companies from a variety of sectors, from cybersecurity to SaaS.
Begin Capital
HQ: London, England
Stage: all stages
Investment focus: deeptech, AI, SaaS
Begin Capital is an international venture capital firm investing in pre-seed, seed, and Series A startups globally, with a focus on Europe. Its second fund targets deeptech, AI, and SaaS companies with groundbreaking backend technology and proven industry applications. Begin Capital provides flexible ticket sizes ranging from $500,000 to $5 million.
Bloc Ventures
HQ: London, England
Stage: seed to growth
Investment focus: deeptech
Bloc Ventures is a UK-based VC firm investing across Europe and Israel in deep tech startups. The firm targets seed to growth-stage companies, typically deploying £1–5 million per investment, focusing on teams with validated technology and potential for global scale. Key sectors include data science, cloud computing, next-generation connectivity, and enterprise security.
Bright Pixel Capital
HQ: Porto, Portugal
Stage: from seed to growth
Investment focus: cybersecurity, retail technologies, and infrastructure software
Bright Pixel Capital, formerly known as Sonae IM, is the venture capital arm of Sonae Group, a major Portuguese multinational corporation. The firm focuses on investing in innovative tech companies operating in cybersecurity, retail technologies, and infrastructure software sectors. Over the past five years, Bright Pixel Capital has invested over €250 million across more than 50 direct investments, ranging from seed to buyout stages.
Creator Fund
HQ: London, the UK
Stage: pre-seed and seed
Investment focus: deeptech, AI, biotech; university-founded and scientific-led startups
Creator Fund partners with scientific founders at the earliest stages, emphasizing university-linked ventures. It supports entrepreneurs who combine domain expertise with a drive to build transformative solutions. The fund leverages a PhD network, and investments are reserved for teams where at least one founder is a professor, PhD, student, or recent graduate. They focus on deeptech, AI, and life sciences.
CYBICA
HQ: Paris, France
Stage: Series A/B
Investment focus: cybersecurity, digital infrastructure, Web3, digital identity, digital privacy, data governance, digital traceability, DeFi
CYBICA is a European venture capital firm investing in cybersecurity, digital infrastructure, and Web3 solutions aimed at strengthening cyber and financial systems. The fund plans to deploy €100 million over three to five years, making 15–20 minority investments of €1.5–5 million in Series A and B companies. Its geographic focus includes Europe, Switzerland, and Canada. CYBICA targets areas such as digital privacy, digital identity, data governance, decentralized finance, and digital traceability.
Curiosity VC
HQ: Amsterdam, The Netherlands
Stage: early stage (post-launch, pre-Series A)
Investment focus: B2B AI and ML-driven software; proptech, energy, climate tech, legaltech, privacy, cybersecurity, enterprise SaaS, HRtech, fintech, marketing automation, logistics
Curiosity VC is an early-stage investor backing B2B software companies applying AI and machine learning. It focuses on startups that have launched their first product and show early customer traction. The fund invests in founders based in the Nordics, Baltics, and Benelux, with companies targeting international markets. Its thematic areas include sustainable living, trusted society, future of work, and future of commerce.
DeepTech Labs
HQ: Cambridge, England
Stage: early stages
Investment focus: deeptech
DeepTech Labs is both an accelerator and a venture capital fund on a mission to forge deeptech companies, including those in the cybersecurity field. Its program runs twice annually, targeting early-seed and late-seed startups with the goal of embedding the cohort in the network of entrepreneurs, experts , leading researchers, and deeptech organizations worldwide. It extends investment opportunities to early-seed and late-seed startups post-program, ranging from £100,000 to £350,000 and setting the stage for follow-on investment at Series A
DeeptechXL
HQ: Eindhoven, the Netherlands
Stage: early stages
Investment focus: deeptech
Based in the Netherlands, DeepTechXL is a venture capital firm that focuses on early-stage deeptech ventures with the potential to drive societal change. It invests in Dutch deeptech startups and scale-ups with promising global growth prospects, particularly in hardware and manufacturing in vital societal themes like Energy Transition, Security, Health, and Agriculture. The fund targets around 20 seed-stage companies with investments ranging from €100,000 to €2 million.
DOMiNO Ventures
HQ: Amsterdam, the Netherlands
Stage: early and growth stages
Investment focus: AI, deeptech, cleantech, heathtech, edtech, cybersecurity
DOMiNO Ventures operates globally from offices across Eastern Europe, Central Asia, and Turkey, with a focus on investing in high-tech, pure-digital startups from these regions that have global ambitions. Their approach targets entrepreneurs solving modern challenges through AI, deeptech, cleantech, healthtech, fintech, HRtech, edtech, gametech, cybersecurity, and life sciences. DOMiNO invests from pre-seed to Series A, providing €100,000–1 million for early stages and €400,000–2 million for growth stages.
eCAPITAL
HQ: Münster, Germany
Stage: all stages
Investment focus: software & information technology, cybersecurity, industry 4.0, new materials and cleantech
eCAPITAL is an impact venture capital firm, providing early to growth-stage funding to technology companies. eCAPITAL currently manages funds exceeding €400 million under management. eCAPITAL's investment strategy focuses on German startups, although the firm is not limited by geographical boundaries. Its typical investment ranges from €2 million to €6 million initially, with the ability to provide up to €15 million in total financing per company across multiple rounds, including seed, Series A, and Series B.
Early Game Ventures
HQ: Bucharest, Romania
Stage: pre-seed, seed, Series A
Investment focus: technology and IP-driven companies; AI, cybersecurity, embedded software, spacetech, consumer apps, enterprise automation.
Early Game Ventures is a European VC fund leading early-stage rounds in technology and IP-driven startups. It invests from Pre-Seed to Series A, often backing companies at the idea stage, with an initial ticket typically ranging from €500,000 to €2 million and up to €6 million per company. The fund manages over €100 million in assets and focuses on founders in Central and Eastern Europe and across Europe. Its portfolio spans sectors including AI, cybersecurity, embedded software, spacetech, and B2C technology.
HQ: Liege, Belgium
Stage: All stages
Investment focus: cybersecurity, dual-use technologies, new materials, security, and sustainability-oriented technologies
FNX focuses on startups developing cybersecurity, dual-use technologies, and advanced materials, with an emphasis on security and sustainable growth. It operates primarily across Benelux, France, and Germany, with a market orientation toward Europe and North America. Beyond capital, FNX provides startups with access to industrial expertise, market insights, and potential customers through its corporate and institutional backers.
Giesecke+Devrient Ventures
HQ: Munich, Germany
Stage: seed to Series A
Investment focus: trusttech, cybersecurity
G+D Ventures is a Munich-based VC firm investing in European TrustTech startups, with a €50 million co-investment vehicle backed by the European Investment Bank and its parent company Giesecke+Devrient. Founded in 2018, the firm focuses on technologies that secure digital infrastructure, identity, and data exchange, including cybersecurity, privacy-preserving technologies, and anti-fraud solutions. It invests primarily at seed and Series A stages, with initial tickets ranging from €200,000 to €2 million and reserves for follow-on rounds.
Imagine You Know (IYK)
HQ: Zurich, Switzerland
Stage: seed
Investment focus: cybersecurity, digital infrastructure
Imagine You Know is a Zurich-based venture capital firm investing at the seed stage in cybersecurity and digital infrastructure startups. The fund focuses on early-stage deep tech companies building products with potential for global scale. It positions itself as a hands-on investor, supporting founders with product development, go-to-market strategy, and operational scaling. The firm concentrates on European startups and frames its strategy around strengthening Europe’s technological capabilities.
IQ Capital
HQ: Cambridge, the UK
Stage: Seed to Series A
Investment focus: deeptech
IQ Capital focuses on game-changing sectors like computer science, energy, cybersecurity, life sciences, fintech, space, and advanced engineering. It is currently investing from their fourth fund on the scale from £500,000 to £10 million per company, targeting disruptive deep tech across sectors like generative AI, advanced engineering, space tech, quantum hardware, cyber security, and synthetic biology. It seeks seed and Series A opportunities with strong deeptech IP and offers follow-on investments of up to £30 million through their Growth Fund.
Keen Venture Partners
HQ: Amsterdam, Netherlands
Stage: seed to Series B
Investment focus: defence tech, cybersecurity, autonomous systems, deeptech, space technologies
Keen Venture Partners is a European VC firm investing in defence and security technologies, with a dedicated fund that has recently secured over €150 million at first close for its European Defence and Security Fund. The fund plans to invest €1 million to €10 million per company in more than 25 startups, primarily across NATO member states in Europe. Its strategy focuses on early-stage companies developing defence and security technologies that can scale commercially, including cybersecurity and autonomous systems.
Octopus Ventures
HQ: London, the UK
Stage: all stages
Investment focus: B2B software, bio, climate, consumer, deeptech, fintech, health, HRtech
Octopus Ventures is a pan-European investor with a strong presence in the UK and the US and a global approach to investing. It engages across pre-seed, seed, Series A, and beyond stages. The fund’s pre-seed investments can begin even before product development, with an average investment of £100,000. It also provides seed funding, Series A, and beyond, typically starting at £1 million.
HQ: Amsterdam, Netherlands, and Warsaw, Poland
Fund size: seed to Series B
Investment focus: spacetech, AI & automation, fintech, and cybersecurity
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.
Paladin Capital Group
HQ: London, the UK
Stage: all stages
Investment focus: cybersecurity, AI security, dual-use technologies
Paladin Capital Group is a global investor, with European offices in the UK and Luxembourg, that backs innovative dual-use technologies for commercial and government markets. Its $372 million Cyber Fund II is a multi-stage vehicle focused on cybersecurity startups protecting critical infrastructure, networks, and modern society. With a security-first mindset and national security experience, Paladin takes a value-add approach, guiding portfolio companies in scaling essential security solutions across public and private sectors.
Planven
HQ: Zurich, Switzerland
Stage: expansion capital/venture growth
Investment focus: B2B SaaS; cybersecurity, health tech, vertical SaaS, AI/ML
Planven is a growth equity firm investing in B2B SaaS and software-driven companies. It typically invests $10–20M per company, acting as lead or co-investor and taking board representation. The fund focuses on expansion-stage businesses in cybersecurity, health tech, vertical SaaS, and artificial intelligence. Its geographic scope includes Europe, Israel, and the United States. Planven manages approximately $300 million in assets under management and supports portfolio companies in international expansion, including connections to multinational corporations.
Picus Capital
HQ: Munich, Germany
Stage: pre-seed to Series A
Investment focus: energy & climate, fintech, enterprise infrastructure, generative AI, cybersecurity, and enterprise application
Picus Capital is an early-stage technology investment firm with a long-term investment philosophy, partnering with daring technology companies to build successful, global enterprises challenging the status quo. The firm predominantly invests in pre-seed, seed, and Series A rounds across energy & climate, fintech, enterprise infrastructure, generative AI, cybersecurity, and enterprise applications.
Point Nine
HQ: Berlin, Germany
Stage: pre-seed to Series A
Investment focus: SaaS and more
Point Nine is an early-stage venture capital firm, specializing in SaaS but also investing in other verticals, such as security. Primarily investing at the seed stage, often called the "v0.9 stage," it occasionally invests in pre-seed, seed II, or early Series A. Its initial ticket size ranges from €500,000 to €5 million. While Europe is their home market, Point Nine adopts a geo-agnostic approach, with 20-30% of investments extending to the US, Canada, and other countries.
ScaleFund
HQ: Brussels, Belgium
Stage: seed to Series A
Investment focus: digital transformation, deeptech, cleantech; sectors include cybersecurity, PropTech, clean technologies, B2B SaaS, and AI-driven solutions.
ScaleFund is a Belgian early-stage investor backing companies from Seed to Series A with typical tickets ranging from €100K to €1M, usually as lead investor. It focuses on startups with a live product, early traction, and a clear path toward Series A. The fund targets businesses driving digital transformation, deeptech, and cleantech across international markets.
Seaya VC
HQ: Madrid, Spain
Stage: multi-stage, with strong focus on growth (Series C and scale-up stage)
Investment focus: applied AI, deeptech, fintech, climate tech, commerce, cybersecurity, smart manufacturing, and supply chain technologies
Seaya is a European venture capital platform investing in technology companies from early stage to late-stage growth, with dedicated funds targeting different maturity levels. Its €1 billion target Seaya Growth Tech Fund I focuses on backing European scale-ups in strategic sectors such as AI, quantum-related deep tech, and climate solutions. In February 2026, the European Investment Fund committed €300 million as anchor investor through the European Tech Champions Initiative, supporting Seaya’s role in scaling globally competitive European tech firms. The fund invests primarily at Series C, helping companies expand internationally and strengthen Europe’s technological autonomy.
Startup Wise Guys
HQ: Tallinn, Estonia
Stage: early stages
Investment focus: extended reality, SaaS, sustainability, fintech, cybersecurity, proptech, Web3
Startup Wise Guys, one of the most active venture investors and accelerators in Europe since 2012, fuels early-stage startups' growth through expertise, funding, and skills. Focusing on underserved markets, it targets B2B founders and makes follow-on investments in top-performing teams. Diversifying across hundreds of companies in Europe, Africa, and beyond, Startup Wise Guys invests in verticals like SaaS, fintech, cybersecurity, cleantech, Industry 4.0, and extended reality.
Ten Eleven
HQ: the UK
Stage: all stages
Investment focus: cybersecurity
Ten Eleven Ventures is a specialist VC firm focused exclusively on cybersecurity companies worldwide. The firm invests across venture and growth stages, backing both early startups and more established companies. Ten Eleven Ventures is a specialist VC firm focused exclusively on cybersecurity companies worldwide. The firm invests across venture and growth stages, backing both early startups and more established companies.
TIN Capital
HQ: Amsterdam, the Netherlands
Stage: Series A/B
Investment focus: cybersecurity, privacy tech, cloud security, software supply chain security
TIN Capital is a Dutch venture capital firm focused exclusively on cybersecurity and security technologies in Europe. Founded in 1998, the firm launched its latest vehicle, European Cyber Tech Fund V, in 2023, reaching over €80 million in total commitments, with backing from investors including the European Investment Fund and Invest-NL. The fund invests primarily in Series A and B rounds, targeting European scaleups with strong intellectual property and international growth potential. Its investments include companies working on cloud security, software supply chain protection, privacy technologies, and AI-driven cybersecurity solutions.
Value Creation Capital
HQ: Bilthoven, the Netherlands
Stage: seed to Series A
Investment focus: deeptech, AI, and cybersecurity
Value Creation Capital speiclizes in deeptech startups and scale-ups operating in fields like AI, cybersecurity, and quantum infrastructure. They provide seed and Series A funding to ambitious B2B companies, primarily in the Netherlands and Western Europe. With deep industry expertise and a focus on groundbreaking innovations, VCC aims to shape and lead the rapidly changing technological landscape.
