Ready to invest: European VCs that raised fresh funds in Q1 2026

In Q1 2026, a new wave of venture capital funds closed across Europe, with investors actively preparing to deploy fresh capital into startups. For founders, knowing which firms have recently raised and what they are looking for can make a real difference when prioritizing outreach and fundraising efforts.

From deeptech and AI to climate, enterprise software, and industrial innovation, targeting investors whose theses align with your business significantly increases your chances of finding the right partner. To support this, we’ve compiled a list of European venture capital firms, with a focus on SEE, DACH, Benelux, and broader European ecosystems, that announced new funds in Q1 2026, including details on fund size and investment focus.

New VC funds raised in SEE

Here is a list of new venture capital funds raised in the first quarter of 2026 in the Southeast Europe region:

• [Bulgaria] INVENIO Partners — Sofia-based private equity firm INVENIO Partners has launched its third fund, targeting €75M to support high-growth SMEs across Southeast Europe. The fund will deploy equity and quasi-equity investments ranging from €3M to €10M into companies with proven business models and strong expansion potential, focusing on sectors such as consumer, healthcare, and technology-enabled services. With a geographic scope covering Bulgaria, Romania, Serbia, and the wider Western Balkans, INVENIO continues its strategy of backing established businesses in underserved markets. Building on over a decade of regional experience, the firm aims to scale local champions and strengthen the mid-market segment across SEE.
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• [Greece] Metavallon VC — Athens-based Metavallon VC has launched a €5M “Brain Gain” fund to support pre-seed deeptech and life sciences startups, with a focus on attracting talent back to Greece. The fund will invest €200K to €400K per company, targeting founders abroad and international teams willing to establish R&D or product operations in the country. Backed by EquiFund and the Hellenic Development Bank of Investments, the initiative aims to reverse Greece’s long-standing brain drain by leveraging its strong technical talent base and improving the startup ecosystem. 
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• [Czech Republic] Credo Ventures — Prague- and Krakow-based Credo Ventures has launched its fifth fund, raising over €74M at first close to continue backing pre-seed startups across Central and Eastern Europe. The fund will invest in around 30 companies with initial tickets ranging from $1M to $5M, maintaining a sector-agnostic approach focused on exceptional founders. Building on a strong track record that includes early investments in UiPath and ElevenLabs, Credo will target both regional founders and diaspora entrepreneurs building globally. With a founder-first strategy and deep roots in the CEE ecosystem, the firm aims to identify and support the next generation of breakout companies from the region.
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• [Lithuania] FIRSTPICK — Vilnius-based FIRSTPICK has launched a €25M second fund to back early-stage startups across the Baltics, focusing on inception and pre-seed teams. The fund will invest initial tickets ranging from €100K to €500K, with follow-on capacity of up to €1M, targeting founders building AI-first software solutions. With a strong emphasis on identifying overlooked talent outside traditional VC patterns, FIRSTPICK takes a founder-first approach, prioritizing potential over pedigree. Backed by local entrepreneurs, private investors, and public capital, the fund aims to strengthen the regional ecosystem by supporting the next generation of Baltic startups from the earliest stages.
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• [Poland] Montis VC — Polish venture firm Montis VC has secured a €50M first close for its debut fund, targeting early-stage startups across Europe operating at the intersection of energy, industry, and AI. The fund will invest in 20–25 companies at pre-seed and seed stages, with initial tickets ranging from €0.5M to €2M and around half of the capital reserved for follow-on rounds. Backed by a mix of institutional and private investors, including the EIF and PFR, Montis focuses on startups driving the energy and industrial transition, with an emphasis on scalable technologies that improve efficiency and environmental performance. Building on the team’s previous experience with Montis Capital, the fund aims to support founders developing next-generation industrial and energy solutions with global potential.
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• [Ukraine] Angel One Fund — Ukraine-focused early-stage investor Angel One Fund has closed a $3M second fund to back seed-stage startups across the country. The fund plans to invest in up to 12 companies, with a refined strategy shifting from pre-seed to seed-stage opportunities, prioritizing startups that demonstrate early traction through revenue or user growth. Operating within the Ukrainian Catholic University ecosystem, Angel One focuses on technology companies with global potential, spanning both civilian and defence sectors. Building on a growing portfolio of early investments, the fund aims to support Ukrainian founders developing scalable solutions in increasingly strategic areas such as dual-use and defence innovation.

New VC funds raised in DACH

We're continuing with a list of new venture capital funds raised in the first quarter of 2026 in the region of DACH, namely in Germany, Austria, and Switzerland.

• [Germany] Ananda Impact Ventures — Munich-based early-stage investor Ananda Impact Ventures has secured a €73M first close for its fifth fund, targeting a final size of €108M. The new vehicle marks the firm’s first dedicated deeptech fund, while continuing its long-standing impact-driven strategy. It will back around 20 startups at pre-seed and seed stages, with ticket sizes ranging from €1.5M to €5M, focusing on companies leveraging science-based innovation to address social and environmental challenges. Key areas of interest include clean water, decarbonization of heavy industries, AI for healthcare and security, and sustainable materials. The fund will invest across Europe, with a geographic focus on Northern Europe, DACH, the UK, and Benelux.
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• [Germany] DTCP — Hamburg-based growth investor DTCP has launched a new defence-focused fund targeting €500M, with €300M already secured. The fund, DTCP’s eighth, will back around 30 later-stage companies with an average ticket size of €20M, positioning it among Europe’s most significant growth investors in defence tech. It will focus on sectors such as software, cybersecurity, AI, and autonomous systems, investing primarily across Europe and NATO-aligned countries, including Ukraine. Building on its background in digital infrastructure and prior exposure to cybersecurity and drone technologies, DTCP aims to strengthen Europe’s defence supply chain while capitalizing on what it sees as a long-term cycle of increased investment in defence innovation.
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• [Germany] GHARAGE Ventures — Hamburg-based GHARAGE Ventures has launched its €40M Fund I to back early-stage startups transforming the global travel and retail ecosystem. Investing from seed to Series A, the fund targets around 30 companies developing solutions in areas such as automation, AI-driven operations, digital infrastructure, and logistics. Anchored by travel retail group Gebr. Heinemann, GHARAGE combines capital with direct access to real-world industry environments, enabling startups to test and scale their technologies.
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• [Germany] Prototype Capital — Solo GP Andreas Klinger has raised €15M toward a €20M third fund for Prototype Capital, focused on early-stage investments in robotics, automation, and AI across Europe. The fund will back 30–40 startups with initial tickets ranging from $200K to $500K, reserving around one-third of the capital for follow-on investments. This marks the first Prototype fund exclusively dedicated to European founders, with a thesis centered on frontier technologies and engineering-heavy innovation. Backed by family offices, founders, and operators, the fund aims to support highly technical teams building next-generation systems in areas where Europe has strong industrial and engineering capabilities.
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• [Germany] seed+speed Ventures — Berlin-based seed+speed Ventures has closed its third fund at €90M, tripling its initial €30M target, to invest in early-stage B2B and enterprise software startups across Europe. Focused on pre-seed and seed, the fund will write initial checks of €500K to €1.5M, with significant reserves for follow-on rounds. The strategy centers on AI-driven solutions for business operations, particularly in areas like security, compliance, data governance, and productivity. 
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• [Germany] UVC Partners — Munich-based UVC Partners has secured a €77M first close for a new growth fund, targeting a final size of €150M, marking its expansion into multi-stage investing. The fund will deploy initial tickets of up to €15M, backing both new companies and doubling down on existing portfolio winners. Staying true to its deeptech roots, UVC will focus on sectors such as robotics, climate tech, spacetech, AI, mobility, and dual-use technologies. 
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• [Germany] Vanagon Ventures — Munich-based Vanagon Ventures has closed its €20M debut fund to back pre-seed B2B startups building deeptech and AI-driven solutions beyond traditional SaaS models. The fund focuses on companies tackling system-level challenges in areas such as quantum computing, robotics, spatial intelligence, and industrial software, with initial investments of up to €500K.
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• [Germany] ZOHO.VC — Nuremberg-based ZOHO.VC has reached the first close of its debut fund at around €7M, securing 70% of its target ahead of final close. The fund focuses on pre-seed and seed-stage investments, backing deeptech startups and university spin-offs emerging from the ZOLLHOF Tech Incubator ecosystem. 
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• [Switzerland] B2venture — Swiss venture capital firm B2venture has raised €150M for its fifth and largest fund to date, focused on early-stage deeptech startups across Europe. The fund will back up to 35 companies, targeting sectors such as robotics, manufacturing, supply chain, drones, and biotech. Known for early bets on companies like DeepL and 1Komma5, the firm continues to double down on engineering-driven innovation, with a growing focus on hardware startups emerging from technical universities across the DACH region. 
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• [Switzerland] Constructor Capital — Swiss-based Constructor Capital has closed its first fund at $110M to back early-stage, science-driven startups globally. The fund will invest from seed to Series A, with typical ticket sizes ranging from $1M to $10M and the ability to deploy up to $15M in select cases. Focused on deeptech, quantum, software, and edtech, Constructor leverages a network of over 50 universities and research institutions to source and evaluate highly technical opportunities. 
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• [Switzerland] Vi Partners — Swiss venture capital firm Vi Partners has secured a €161M first close for its latest fund, marking 25 years of investment activity. The fund will target early-stage and Series A startups across technology and healthcare, with a focus on mission-critical software, AI, fintech, and industrial applications, as well as biotech, medtech, and digital health. Building on a long-standing track record backing companies such as Nexthink and SumUp, Vi Partners continues its strategy of supporting founders with strong scientific and technical foundations.

New VC funds raised in Benelux

Below you'll find a list of new venture capital funds raised in the first quarter of 2026 in the Benelux region:

• [Luxembourg] [Europe] European Investment Fund (EIF) — The European Investment Fund has launched a €15B fund of funds under the second iteration of the European Tech Champions Initiative (ETCI 2), aimed at strengthening late-stage funding across the continent. The vehicle will back around 100 growth-stage VC firms, including mid-sized funds (€300M–€600M) and mega funds of €1B+, with the goal of unlocking up to €80B in scale-up capital for European startups. Building on its €3.9B predecessor, the initiative expands both its size and scope, targeting a broader range of institutional investors such as pension funds, insurers, and banks. ETCI 2 is designed to address Europe’s persistent growth funding gap and support the emergence of globally competitive tech companies.
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• [The Netherlands] [Europe] e2vc — Emerging Europe-focused venture firm e2vc has announced the first close of its €100M Fund III, continuing its strategy of backing early-stage tech startups across Central and Eastern Europe, the Baltics, and Turkey. The fund will invest initial tickets of around $1M, with a stronger emphasis on reserving capital for follow-on rounds to support breakout companies. 

Other VC funds raised in Europe 

Last but not least, we are bringing you the list of other new venture capital funds that were raised across Europe in the first quarter of this year.

• [Estonia] Plural — Operator-led venture firm Plural is targeting up to €1B for its next fund, potentially making it one of the largest VC vehicles in Europe. Founded by experienced entrepreneurs and angel investors, the firm has quickly scaled, following its previous €250M and €400M funds raised in 2022 and 2024. Plural focuses on backing ambitious, frontier technology startups across Europe, with investments spanning sectors such as defense, spacetech, climate, and deeptech. 
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• [France] Daphni — Paris-based VC firm Daphni has closed a €260M early-stage fund to back science-first deeptech startups across Europe. The fund will invest in up to 50 companies founded by “scientist-entrepreneurs,” focusing on innovations rooted in disciplines such as physics, biology, chemistry, and mathematics. With ticket sizes ranging from €500K to €10M—and up to €20M for top performers—the fund targets startups addressing environmental and social challenges, particularly in areas like climate, healthcare, energy, and critical materials. 
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• [France] Elaia — Paris-based VC Elaia has closed its third deeptech seed fund, DTS3, at €134M, doubling the size of its previous vehicles. The fund will invest in pre-seed and seed-stage startups across Europe, with tickets ranging from €1M to €13M, focusing on B2B innovations in computing, industrial technologies, and life sciences. Developed in close partnership with leading research institutions such as CNRS, INRIA, and the Max Planck Foundation, DTS3 provides early access to breakthrough scientific projects and founding teams. 
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• [France] Slate VC — Paris-based Slate VC has reached a €132M first close for its debut climate-focused fund, targeting a final size of €250M. The fund will back 15–20 early growth and growth-stage startups across Europe, with ticket sizes of up to €15M. Focused on climate and “resilience” technologies, the firm is targeting companies that strengthen Europe’s independence in areas such as energy and raw materials. Founded by entrepreneurs and operators, including Eventbrite cofounder Renaud Visage, Slate aims to invest in commercially mature startups with clear paths to revenue, positioning itself to capitalize on more favorable valuations and reduced competition in the current climate tech downturn.
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• [France] Quantonation — Paris-based VC Quantonation has closed a €220M second fund dedicated to quantum and physics-based technologies, more than doubling the size of its previous vehicle. The fund will invest in around 25 startups from pre-seed to Series A, with initial tickets starting at €200K and follow-on capacity of up to €20M per company. While maintaining a core focus on quantum computing, sensing, and communications, the fund is also expanding into enabling technologies and adjacent fields such as advanced materials and photonics. 
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• [Monaco] Rosberg Ventures — Rosberg Ventures, founded by former Formula 1 World Champion Nico Rosberg, has closed its $100M Fund III, bringing total assets under management to over $200M. The fund, which was oversubscribed and capped, continues the firm’s hybrid strategy combining fund-of-funds exposure with selective direct co-investments in high-growth startups across AI, software, and enterprise technology.
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• [UK] 2150 — Urban-focused climate VC 2150 has raised a €210M second fund to back startups tackling sustainability challenges in cities. The fund will invest in around 20 companies, primarily at Series A, with initial tickets of €5M–€6M and roughly half of the capital reserved for follow-on rounds. With a thesis centered on the intersection of urban infrastructure, climate, and industrial systems, 2150 targets sectors such as energy, construction, recycling, and automation. 
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• [UK] Air Street Capital — London-based Air Street Capital has raised a $232M third fund to back early-stage AI startups across Europe and North America. Led by Nathan Benaich, the firm will invest from seed through growth, with initial tickets ranging from $500K to $15M and the ability to deploy up to $25M in later rounds. With a focused thesis on AI, Air Street has built a strong track record backing companies such as ElevenLabs and Black Forest Labs. The new fund positions the firm as one of Europe’s largest solo GPs, doubling down on AI as a core driver of next-generation technology innovation.
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• [UK] Eka Ventures — London-based Eka Ventures has raised £80M for its second fund, targeting pre-seed and seed-stage startups across the UK. The fund will back up to 30 companies with an average ticket size of around $2M, focusing on sectors such as health, wellness, and sustainability. With a thesis centered on startups “leaning into regulation,” Eka looks for opportunities where regulatory complexity and restricted data access create defensible advantages. 
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• [UK] Empirical Ventures — UK-based deeptech investor Empirical Ventures has secured £10M in additional backing from the British Business Bank, bringing its total fund size to £15M. The fund focuses on supporting “venture scientists”, technical founders building companies rooted in fundamental research across energy, advanced materials, and life sciences. Combining patient capital with SEIS and EIS structures, Empirical aims to bridge the gap between scientific discovery and commercialization, particularly outside traditional startup hubs. 
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• [UK] Voyager Ventures — Voyager Ventures has closed its $275M Fund II, bringing total assets under management to $475M, to invest in technologies reshaping the foundations of the global economy. The fund targets early-stage companies across energy, advanced manufacturing, critical materials, physical AI, and industrial software, backing solutions that improve efficiency and resilience in key systems.
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• [Spain] Mundi Ventures (Kembara) — Madrid-based Mundi Ventures has closed a €750M first close for Kembara Fund I, its largest vehicle to date, targeting up to €1.25B. The fund is focused on growth-stage deeptech and climate startups, investing primarily at Series B and C with initial tickets ranging from €15M to €40M and the ability to deploy up to €100M per company. Positioned to address Europe’s scale-up funding gap, Kembara will back around 20 companies across sectors such as climate, dual-use, and advanced technologies. In addition to equity, the fund plans to incorporate non-dilutive financing solutions to support capital-intensive businesses as they scale globally.
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• [Spain] Seaya — Madrid-based venture capital firm Seaya has secured a €300M anchor commitment from the European Investment Fund for its largest vehicle to date, targeting a total fund size of €1B. The new growth fund will focus on late-stage European startups, investing from Series C onwards across sectors such as climate tech, deeptech, applied AI, fintech, and commerce. As Seaya’s sixth fund, the vehicle marks a significant step up in scale, positioning the firm to back more mature companies and support Europe’s next generation of global tech leaders.
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• [Spain] Samaipata — Madrid-based VC Samaipata has launched its third fund, a €110M vehicle focused on early-stage AI-native startups across Europe. The fund will invest in 25–30 companies, with the ability to deploy up to €10M per startup over time, targeting application-layer businesses that translate AI capabilities into real-world use cases, particularly in B2B environments. Backed by institutional investors such as SETT and KfW, alongside family offices and returning founders, Samaipata continues to leverage its Founder Success platform to support portfolio growth. 

Be ready when the timing is right

Having access to the right investors is only part of the equation; being truly prepared when you reach them is what ultimately makes the difference. From a strong narrative and clear metrics to a well-structured round and targeted outreach, fundraising today requires more than just a great idea; it requires execution.

If you’re getting ready to raise, SeedBlink CORE can help you get investor-ready before you reach out: from structuring your narrative and stress-testing your pitch, to getting matched with the investors most likely to resonate with your stage and sector.

If you want to connect with more investors in the region, check out SeedBlink’s European VC Network list covering venture capital funds from Europe.