SeedBlink Blog

If you're a founder getting ready for a fundraising round this year, keep an eye on these venture capital firms. They have recently raised new funds and are more likely to seek new investment opportunities.

Understand which VCs have available capital and focus your efforts more effectively. Knowing each VC's investment focus and stage preference enables you to tailor your pitch to their specific interests.

To get you started, we've compiled a list of venture capital funds in the SEE, DACH, and Benelux regions that have raised fresh capital in 2024. Check it out below!

New VC funds raised in SEE

Here is a list of new venture capital (VC) funds raised in the second quarter of 2024 in the SEE region:

• [Romania] Early Game Ventures -> announced the closing of Early Game Ventures Fund II, a new €60M VC fund that will invest in early-stage startups in CEE.
• [Romania] Voyager Ventures -> Romanian-founded company Bitdefender announced the launch of a new investment program dedicated to funding and developing startups in the fields of Cybersecurity, Data Analytics, Automation, and Artificial Intelligence (AI).
• [Bulgaria] BrightCap Ventures -> announced the closing of its new fund, targeting €60М, which aims to invest in founders from Southeastern Europe.
• [Greece] Apeiron Ventures -> announced its new seed investment fund, which closed its first round at €25M. The fund aims to invest in founders from the Gen Z economy and B2B software across Greece, the Greek Diaspora, and Europe.
• [The Czech Republic] KAYA VC -> is raising Kaya Fund V, aiming for a €80M generalist fund to allow them to invest globally, focusing on Slovak, Polish, and Czech startups.
• [The Czech Republic] ZAKA VC -> went from a family office to a VC and announced their first fund of €15M, with a first closing of €10.5M in June.
• [The Czech Republic] Presto Tech Horizons -> Czech Presto Ventures and Czechoslovak Group Launch announce a new €150M investment fund focused on Security and Defence Tech.
• [Poland] Radix Ventures -> announced raising their first DeepTech fund, with a target of €60M.
• [Poland] bValue Growth — BVG ->announced the closing of their new fund with a total cap of €90M, with +10M on the initial €80M target.
• [Hungary] Lead Ventures -> launches a new €100M fund to invest between €2M and €10M in Seed and Series A companies in the region.

If you are a founder looking to raise funds in this geographical area, these funds will continue to invest in and support the growth of startups in the SEE region.

New VC funds raised in DACH

Here is a list of new venture capital (VC) funds raised in the second quarter of 2024 in the DACH region:

• [Austria] Elevator Ventures -> Austrian Elevator Ventures, RBI's venture capital arm, announced the launch of its second fund worth €70M.
• [Switzerland] Lakestar -> announced the closing of Lakestar Early IV and Lakestar Growth II, with new total funds of $600M aiming to invest in European startups from Artificial Intelligence (AI), digitalization, DeepTech, HealThcare, and FinTech.
• [Switzerland] 14Peaks ->announced the closing of its inaugural fund of over €28M to power software startups in FinTech
• [Germany] Vsquared Ventures -> announced a fund of €214M aiming to invest in early-stage DeepTech startups across Europe. NATO Innovation Fund is among the LPs.
• [Germany] Identity.vc -> announced the first close of a fund raised at €15M of a target €50M fund aiming to back LGBTQ+ founders in Europe.

If you are a founder looking to fund in this geographical area, these funds are poised to invest and support the growth of startups in the DACH region, giving you a reason to be hopeful.

New VC funds raised in Benelux

Here is a list of new venture capital (VC) funds raised in the second quarter of 2024 in the Benelux region:

• [Luxembourg] MiddleGame Ventures -> announced the first close of a targeted €150M fund focusing on FinTech despite the declining investor appetite for the sector.
• [Belgium] Pitchdrive -> after two successful funds that performed well, Pitchdrive announced Fund III with a total of €40M to back 30 early-stage European startups.
• [The Netherlands] LUMO Labs -> announced the launch of LUMO Rise Fund, a new investment fund of €100M aiming to invest in European startups focused on emerging digital technologies for a greener and stronger society.
• [The Netherlands] Carbon Equity -> announced the “strong first close” of its Climate Tech Portfolio Fund III at raised €60M, after raising €100M in March 2024.
• [The Netherlands] Innovation Industries -> announced a new €500M fund as their third fund to back deep-tech startups and scale-ups in Benelux and Germany.
• [The Netherlands] PhotonVentures -> announced the closing of their second fundraising round for its fund at €75M, aiming to back photonic chip companies.
• Notably, the European Investment Fund has taken a significant step towards enhancing its impact by opening an office dedicated to the Benelux region in Amsterdam. This move is part of its new strategy to be closer to the markets.

If you are a founder looking to fund in this geographical area, these funds will continue to invest and support the growth of startups in the Benelux region.

Find the right investor and financing vehicle for your round

If you want to connect with these investors or check out other active investors in the region, check out the European VC Network list covering venture capital funds from SEE, DACH, Benelux, and others.

At the same time, we strongly encourage you to consider more flexible funding options for your next round, such as SeedBlink's syndicate infrastructure with its rolling facilit, is one such option worth considering.