Beyond AI: Six startup opportunities in Europe
Six sectors where European expertise, needs and regulatory changes are opening up new markets.
Read on Substack- Matching funds
- 26
- Total
- €5.2bn
- Median
- €91m
- Threshold
- From €10m
Funds
Updated 21 Oct 2026
Capital-efficient B2B software plus pre-seed deeptech via Nauta Labs
- Sectors
- B2B Software, Deep Tech
- Invests in
- Europe
- Track
- Fund 6
- First Close
- 15 Oct 2026
- Public LPs
- British Business Bank, SETT
Concentrated growth portfolio in marketplaces, financial services and software
- Sectors
- Fintech, B2B Software, Consumer
- Invests in
- Europe
- Track
- Fund 5
- Final Close
- 13 Oct 2026
- Manager
- Sprints Capital
Third fund of MuleSoft founder Ross Mason, focused on AI infrastructure
- Sectors
- AI, B2B Software
- Invests in
- Pan-European
- Track
- Fund 3
- Closed
- 1 Oct 2026
- As reported
- USD 120m
Pre-seed fund for European teams with deep technical founders
- Sectors
- Generalist
- Invests in
- Pan-European
- Track
- Fund 5
- First Close
- 23 Sept 2026
- As reported
- USD 55m first close of USD 80m fund
- Public LPs
- British Business Bank
Early-stage fund for learning and future-of-work startups
- Sectors
- AI, B2B Software, Health & Bio
- Invests in
- Pan-European
- Track
- Fund 3
- First Close
- 16 Sept 2026
- As reported
- USD 72m
- Public LPs
- EIF
Growth fund of listed VC Molten, cornerstoned by British Business Bank
- Sectors
- Generalist
- Invests in
- UK | Europe
- Track
- Fund 1
- First Close
- 7 Sept 2026
- As reported
- GBP 175m first close of GBP 350m target
- Public LPs
- British Business Bank
Systematic growth-stage investing with proprietary AI model Aleph
- Sectors
- AI, Fintech, B2B Software, Health & Bio, Deep Tech
- Invests in
- Global
- Track
- Fund 2
- Closed
- 18 Aug 2026
- As reported
- USD 500m
Growth fund for European technology scale-ups
- Sectors
- B2B Software
- Invests in
- Pan-European
- Track
- Fund 6
- Closed
- 30 Jul 2026
Seed fund backing repeat founders in Europe and North America
- Sectors
- Generalist
- Invests in
- Europe | North America
- Track
- Fund 3
- Closed
- 1 Jul 2026
- As reported
- USD 80m (EUR 70m per source)
- Public LPs
- British Business Bank
Debut seed fund for cybersecurity startups in the UK and Canada
- Sectors
- Defence & Security
- Invests in
- UK | Canada
- Track
- Emerging manager, fund 1
- Final Close
- 29 Jun 2026
- As reported
- GBP 60m (hard cap; GBP 50m reported 2025-04-07)
- Public LPs
- British Business Bank
Flagship early-stage fund for European founders in software, AI and science
- Sectors
- AI, B2B Software, Deep Tech
- Invests in
- Pan-European
- Track
- Fund 7
- Closed
- 22 Jun 2026
- As reported
- USD 220m (plus USD 100m Select Fund II, not counted)
All-female GP medtech and women's health fund for UK startups
- Sectors
- Health & Bio
- Invests in
- UK
- Track
- Emerging manager, fund 1
- Final Close
- 8 Jun 2026
- As reported
- GBP 45m (first close GBP 27m, 2025-03-24)
- Public LPs
- British Business Bank
Pre-seed fund for scientist founders in European deep tech
- Sectors
- Deep Tech, AI, Health & Bio
- Invests in
- Pan-European
- Track
- Emerging manager, fund 1
- Final Close
- 8 Jun 2026
- As reported
- USD 56m
- Public LPs
- EIFO, KfW Capital
Global fintech fund backed by Santander, seed to Series C
- Sectors
- Fintech, AI
- Invests in
- Global
- Track
- Fund 3
- First Close
- 19 May 2026
- As reported
- USD 400m (BeBeez: EUR 343.4m)
UK impact fund for health, essential services and sustainable consumption
- Sectors
- Health & Bio, Consumer, Climate & Energy
- Invests in
- UK
- Track
- Emerging manager, fund 2
- Final Close
- 13 Apr 2026
- As reported
- GBP 80m (USD 107m)
- Public LPs
- British Business Bank
Solo-GP fund for AI-first companies, mainly early stage
- Sectors
- AI, Deep Tech, Defence & Security
- Invests in
- Europe | North America
- Track
- Fund 3
- Closed
- 23 Mar 2026
- As reported
- USD 232.3m
Urban and industrial climate tech fund for Europe
- Sectors
- Climate & Energy
- Invests in
- Pan-European
- Track
- Emerging manager, fund 2
- Final Close
- 26 Jan 2026
- Public LPs
- EIFO
Asset-centric biotech company creation and investments at all stages
- Sectors
- Health & Bio
- Invests in
- Global
- Track
- Fund 5
- Closed
- 14 Nov 2025
Pre-seed and seed fund for frontier-tech founders with global ambition
- Sectors
- Deep Tech, AI, Fintech
- Invests in
- Pan-European
- Track
- Fund 3
- Closed
- 13 Nov 2025
- Manager
- Backed VC
- As reported
- USD 100m (cap)
Growth fund backing best portfolio companies and selective external scale-ups in AI-driven business software
- Sectors
- B2B Software, AI
- Invests in
- Europe
- Track
- Fund 3
- Closed
- 30 Sept 2025
- As reported
- USD 130m (EUR 114m per Perplexity)
Sector-agnostic pre-seed fund for UK and European founders
- Sectors
- Generalist
- Invests in
- UK | Europe
- Track
- Emerging manager, fund 2
- Closed
- 30 Sept 2025
- As reported
- USD 88m
Early-stage climate tech across power, transport, buildings, industry, agriculture, circular economy
- Sectors
- Climate & Energy
- Invests in
- UK
- Track
- Fund 2
- First Close
- 18 Aug 2025
- As reported
- GBP 49m (target GBP 150m)
Super-angel style debut fund for pre-seed and seed startups
- Sectors
- Health & Bio, Fintech, Consumer
- Invests in
- UK
- Track
- Emerging manager, fund 1
- Final Close
- 3 Jul 2025
- As reported
- USD 26.3m
Systematic data-driven investing in growth-stage outliers using proprietary AI model
- Sectors
- AI, Fintech, Health & Bio, B2B Software
- Invests in
- Global
- Track
- Emerging manager, fund 1
- Final Close
- 20 May 2025
- As reported
- USD 250m (hard cap)
NHS-anchored fund for health tech, now transatlantic
- Sectors
- Health & Bio
- Invests in
- UK | US
- Closed
- 19 May 2025
- Manager
- Meridian Health Ventures (formerly KHP Ventures)
- As reported
- GBP 30m (USD 40m; USD 50m total commitments)
First institutional fund for early-stage European B2B and AI startups
- Sectors
- B2B Software, AI
- Invests in
- Pan-European
- Track
- Emerging manager, fund 2
- Closed
- 10 Apr 2025
- As reported
- USD 100m
Showing 12 of 26 funds
