Beyond AI: Six startup opportunities in Europe
Six sectors where European expertise, needs and regulatory changes are opening up new markets.
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FundStageHQClosedSize €m
Medtech company creation fund building startups from inception
- Health & Bio
- Europe, US
- Fund 4
- 28 Sept 2026
- Sofinnova Partners
- 207.0
Backs innovative biotech companies with differentiated assets through a partnership model linking pharma groups, investors and scientific experts.
- Health & Bio
- Fund 3
- 17 Sept 2026
- Bpifrance
- Bpifrance
- 105.0
Later-stage European technology companies, spin-out of two ex-Wendel Growth partners
- Generalist
- Europe
- Emerging manager, Fund 1
- 15 Aug 2026
- IronWave
AI-only pre-seed and seed fund backed by AI founders
- AI
- Pan-European
- Fund 2
- 22 May 2026
- Cleo Ventures
- 215.0
Venture creation and early-stage biotech fund for therapies for severe diseases
- Health & Bio
- Pan-European
- Fund 4
- 23 Apr 2026
- Kurma Partners
- EIF, Bpifrance
- 60.0
Back European neuroscience-based BrainTech startups and help them reach US markets and FDA approval.
- Health & Bio
- Europe
- Emerging manager
- 14 Apr 2026
- Newfund
- 1,000.0
Invest in clinical-stage biopharma companies with breakthrough therapies for severe diseases, committing capital at each value inflection point (15 to 20 companies).
- Health & Bio
- Europe
- Fund 2
- 31 Mar 2026
- Jeito Capital
- 85.0
Deeptech fund built with Politecnico di Milano ecosystem
- Deep Tech
- Italy
- Fund 2
- 23 Mar 2026
- 360 Capital
- EIF, CDP Venture Capital
- 300.0
Growth impact fund for B2B companies with more than EUR10m revenue
- Climate & Energy, Industrial Tech, Health & Bio, Mobility
- Pan-European
- Fund 1
- 17 Mar 2026
- Partech
- EIF, British Business Bank, Bpifrance, SETT, COFIDES
- 50.0
Fund backing founders outside traditional venture networks in France
- Generalist
- France
- Emerging manager
- 12 Mar 2026
- daphni, Les Determines, Live for Good, HEC Paris (alliance)
- 134.0
Deeptech seed fund for French and European B2B founders
- Deep Tech, B2B Software
- France
- Fund 3
- 12 Mar 2026
- Elaia
- Bpifrance
- 220.0
Early-stage fund for quantum and physics-based startups
- Deep Tech
- Global (Europe focus)
- Fund 2
- 22 Feb 2026
- Quantonation
- EIF, Bpifrance
- 40.0
Follow-on fund scaling industrial B2B software companies created by the OSS studio
- B2B Software, Industrial Tech
- Europe, US
- 18 Feb 2026
- OSS Ventures
- 132.0
Growth fund for proven European B2B climate companies
- Climate & Energy
- Pan-European
- Emerging manager, Fund 1
- 4 Feb 2026
- SlateVC
- EIF, Bpifrance
- 120.0
IP-driven European tech from pre-seed to Series B across AI, cybersecurity, techbio and industrial innovation
- B2B Software, AI, Deep Tech
- Pan-European
- Fund 5
- 1 Feb 2026
- Elaia
- Bpifrance
- 260.0
Fund backing European science-driven deeptech founders
- Deep Tech
- Pan-European
- Fund 2
- 29 Jan 2026
- daphni
- 75.0
Fourth early-stage fund for SaaS and marketplace companies with an AI focus, mostly in France.
- B2B Software
- France (over 80%)
- Fund 4
- 3 Dec 2025
- ISAI
- 600.0
Growth-stage deeptech scaleups in Europe: semiconductors, medical devices, advanced materials, applied AI, energy management.
- Deep Tech
- Europe
- Fund 5
- 27 Nov 2025
- Jolt Capital
- EIF
- 200.0
European founders building internationally scalable companies, lead tickets EUR 1-15m
- AI, Deep Tech, Climate & Energy
- Europe
- Fund 5
- 17 Nov 2025
- XAnge (Siparex Group)
- EIF, Bpifrance
Flagship early-stage biotech and medtech fund
- Health & Bio
- Europe, North America
- Fund 11
- 17 Nov 2025
- Sofinnova Partners
- 21.0
Alumni-funded pre-seed and seed fund for deeptech in AI, climate, health and industry 4.0.
- Deep Tech
- not found
- Fund 2
- 21 Oct 2025
- Polytechnique Ventures (Equitis Gestion)
- 200.0
Fund for AI and energy transition founders in France and Europe
- AI, Climate & Energy
- France
- Fund 4
- 1 Oct 2025
- Serena
- 175.0
Sixth fund backing early-stage European AI startups
- AI
- France
- Fund 6
- 22 Sept 2025
- Ventech
- 650.0
Growth fund scaling European AI champions
- AI
- Pan-European
- Fund 4
- 16 Jul 2025
- Eurazeo
- 112.0
Early-growth European deeptech scale-ups in foundational sectors
- Deep Tech, Defence & Security, AI
- Pan-European
- Fund 2
- 2 Jul 2025
- Omnes Capital
- EIF, Bpifrance
- 880.6
Global vertical AI fund across consumer, health, fintech and energy
- AI, Consumer, Health & Bio, Fintech, Mobility
- Global (approx. 50% Europe)
- USD
- Fund 3
- 27 May 2025
- Cathay Innovation
- USD 1bn
- 250.0
Growth fund for sustainable tech scale-ups from Series B to IPO
- Climate & Energy, AI, Defence & Security
- Pan-European
- Fund 2
- 2 Apr 2025
- Revaia
- EIF, Bpifrance
Biotech accelerator creating and backing European biotechs
- Health & Bio
- Europe
- Fund 2
- 18 Mar 2025
- Sofinnova Partners
- 81.6
Debut seed fund, 25 to 30 investments across sectors, focused on France and the Nordics.
- Generalist
- France, Nordics
- USD
- Emerging manager, Fund 1
- 5 Feb 2025
- Emblem
- USD 85m (EUR 80m per frenchweb)
- EIFO, Bpifrance
- 220.0
Fund for startups decarbonising rail, road, air and maritime transport
- Mobility, Climate & Energy
- Global (Europe focus)
- Emerging manager, Fund 1
- 27 Jan 2025
- Shift4Good
- EIF, Bpifrance
- 100.0
Seed deeptech in France and Europe: materials, medtech, semiconductors, quantum, energy transition
- Deep Tech, Industrial Tech, Climate & Energy, Health & Bio
- France, Europe
- Fund 3
- 25 Jan 2025
- Supernova Invest
- Bpifrance
- 3,200.0
Partners with entrepreneurs to help high-growth mid-sized European companies expand, including through strategic acquisitions.
- Technology, Business Services, Health & Bio
- Major Eurozone economies and Switzerland
- Fund 6
- 21 Jan 2025
- Ardian
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