
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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CompareGrowth fund leading or co-leading Series B to D rounds in European technology companies
Venture capital fund investing in early-stage AI and frontier technology companies with a Barcelona connection.
Find talented founders that traditional VC networks overlook, including women and founders with immigrant backgrounds, in companies addressing environmental or social challenges.
Pre-seed fund for Southern European founders and diaspora
Capital-efficient B2B software plus pre-seed deeptech via Nauta Labs
Concentrated growth portfolio in marketplaces, financial services and software
Acquires majority stakes in established DACH service businesses facing succession and builds larger groups through operational development and acquisitions.
Early-stage Nordic deeptech with industrial investors as LPs and partners
Nordic pre-seed fund investing before product-market fit
Backs growing SMEs in B2B services and technology, mainly in France, driving operational improvement, accelerated growth and ambitious buy-and-build strategies.
Dual-use deep tech startups in frontier technologies, led mainly by the fund, with a focus on international growth potential and the Lazio innovation ecosystem.
Pair venture capital with hands-on support from entrepreneurs and alumni to back Dutch university-based startups in AI, deep tech, healthcare and climate.
Pre-seed to Series A, technology: B2B, deeptech and SaaS
Acquire profitable, owner-managed German B2B service companies in succession situations and develop them operationally, including through AI.
Pre-seed/seed in CEE, SEE and diaspora, cheques EUR 0.3-3m
Third fund of MuleSoft founder Ross Mason, focused on AI infrastructure
Eighth European early-stage fund with an AI focus
Regional fund for innovative start-ups and SMEs based in Lazio, seed to late growth
Deep tech spin-offs and startups from research to industrialization
Medtech company creation fund building startups from inception
Acquires predominantly majority positions in lower-mid-market companies across France, Italy, DACH and Benelux, working with management to accelerate growth and improve performance.
Growth fund for European defence and security technology
Early-stage electrification companies at seed and Series A, in energy storage, grid technology and advanced materials.
Pre-seed fund for European teams with deep technical founders
Debut fund for pre-seed and seed founders from Southeastern Europe: vertical AI, fintech, cybersecurity and consumer (gaming, sports, media, creator economy); second fund planned for follow-ons and Series A.
Regional early-stage and growth fund for eastern Ruhr area tech startups
Pre-seed fund for Belgian B2B SaaS founders
Early-stage fund for learning and future-of-work startups
Back highly technical founders at the earliest stage and help them build across markets, on the premise that major tech companies can emerge from anywhere.
Nordic seed to Series A fund for fintech and AI-driven B2B
Partners with entrepreneurs and management teams of lower-mid-market businesses in Benelux, Denmark and Germany, accelerating growth through organic initiatives, buy-and-build and international expansion.
Takes mainly majority stakes in proven SMEs and mid-caps in fragmented sectors across South-East Europe, Türkiye and Poland, building regional platforms through cross-border consolidation.
Makes majority control investments in small-cap healthcare businesses alongside founders and families, driving international expansion, operational scaling and active buy-and-build.
Takes control positions in high-growth, asset-light European mid-market businesses in financial services, business services and TMT, applying sector expertise and operational capabilities.
Vertical AI B2B software, at least 70% in EU/EEA companies with Italian establishment
Growth fund of listed VC Molten, cornerstoned by British Business Bank
Buys growing mid-market companies in France, Italy, Spain and Benelux, financing acquisitions and executing systematic buy-and-build strategies in healthcare, business services and niche industries.
Partners with managers and family-business founders; invests in companies with €20–€100 million turnover, with increased focus on technology and digitalisation.
Takes majority positions in mid-market companies mainly in Spain, Italy and Portugal, expanding their production capacity, markets and product portfolios.
Makes thematic buyouts of profitable, founder-led Western European companies, creating value through operational improvement, international expansion and strategic acquisitions.
Builds market-leading Nordic mid-market businesses in stable sectors, working closely with management to drive profitable growth and operational transformation.
Fund backing female-led European startups at pre-seed and seed
Backs founder-led, mission-critical Nordic B2B businesses in business services, specialised industrials and technology, pursuing buy-and-build and organic development.
Invests in startups modernising legacy maritime industries and addressing water, energy, logistics and environmental challenges.
Industrial AI, sensors, robotics and autonomy
Systematic growth-stage investing with proprietary AI model Aleph
Later-stage European technology companies, spin-out of two ex-Wendel Growth partners
Ninth early-stage fund dedicated to Europe and Israel
Makes controlling and co-controlling investments across Europe and North America in healthcare, technology and tech-enabled services, driving growth through active ownership.
Takes majority stakes in high-potential Italian mid-sized companies within strategic supply chains, supporting internationalisation, new markets and stronger management teams.
Seed fund within Index Ventures' USD 2bn raise (USD 3.5bn across seed, venture and growth funds), backing founders from first cheque.
Growth fund for European technology scale-ups
Founder-backed fund supporting new technology companies, incl. AI and robotics
Defence, security and resilience technology across the European defence stack
Support Spanish middle-market companies through growth, operational improvement, internationalisation, sector consolidation and shareholder reorganisation.
Pre-seed climate, health and resilience, up to EUR 500k per company
Makes primary control investments in fundamentally sound DACH businesses, including succession situations and carve-outs, and develops them through strategic acquisitions.
Backs European lower-mid-market healthcare businesses through primary buyouts, operational improvement, international expansion and buy-and-build acquisitions.
Fund backing European defence and security founders early
Invests sector-agnostically in high-quality, growth-oriented European mid-market businesses, providing operational expertise, strategic guidance and access to CVC's global network.
Early-stage hardware and deep-tech startups that cut emissions in energy, industry, transport and agriculture.
Italian therapeutic startups bridging science to later-stage investability, with BII platform
Solo-GP day-zero fund backing deeptech founders from their first financing round, often pre-incorporation: AI, batteries, robotics, semiconductors, materials science, novel computing.
Takes controlling positions in established Benelux and Danish businesses, supporting owner succession, professionalisation, organic growth and buy-and-build expansion.
Seed fund backing repeat founders in Europe and North America
Debut seed fund for cybersecurity startups in the UK and Canada
Makes a few high-conviction bets per year on post-product-market-fit B2B software founders aiming to redefine their categories, and supports them with go-to-market and international expansion to reach a larger growth round.
Invests in profitable B2B enterprise software and SaaS businesses, scaling them through organic growth and targeted acquisitions.
Invests in high-growth B2B software businesses, supporting organic growth and scaling through targeted acquisitions.
Impact fund for market-first European startups
Flagship early-stage fund for European founders in software, AI and science
Back early-identified technologies in longevity, European health manufacturing and supply chain, and clinically relevant AI.
Gen-Z run fund for earliest-stage Nordic founders
AI-enabled company building in food and agriculture (agtech, animal health, crop protection)
Angel, pre-seed and seed investments
AI-native companies, concentrated portfolio of 25-30 startups
All-female GP medtech and women's health fund for UK startups
Pre-seed fund for scientist founders in European deep tech
Buys profitable Norwegian lower-mid-market businesses and develops category leaders through organic expansion, operational transformation and strategic acquisitions.
Back pre-seed and seed founders building vertical, AI-native software and agentic services, with early conviction and support through an AI founder community and broader network.
Builds Nordic mid-market companies into regional champions through operational improvements, organic growth, acquisitions and geographic expansion.
Pre-idea to seed fund for applied and physical AI across Europe
Founder-first Nordic early-stage fund, community-powered model
Back founders at the intersection of AI and the physical world who modernise legacy industrial and energy systems.
Back early-stage UK deep tech companies with GBP 500k to 2m initial cheques into 14 to 16 companies, reserving capital for follow-ons.
AI-only pre-seed and seed fund backed by AI founders
Acquires majority stakes in mid-sized businesses, using organic development and buy-and-build strategies to create international leaders.
Targets fast-growing European technology and services companies, supporting international expansion, operational transformation, and selective buy-and-build.
Backs pre-seed and seed deep-tech founders building advanced hardware and software across infrastructure, computing and bioengineering.
Global fintech fund backed by Santander, seed to Series C
Pre-seed and seed investments across health, fintech/proptech and future-of-work, combining capital with hands-on operational support on talent, commercial introductions and follow-on funding.
Back high-potential UK companies spun out of the research base and startup ecosystem, on the view that their IP is undervalued versus international peers.
Back early-stage, technology-based Nordic startups, with most capital going to Danish companies.
Digital-health fund backing companies with a proven model and clear growth potential, using disruptive technologies for prevention, diagnosis and treatment.
Pediatric health fund investing in research-based spinouts from academia and hospitals
Early-stage, industry-agnostic fund with a tilt towards B2B solutions in AI enablement, automation, commerce, defence, energy sustainability and fintech.
Takes majority or control positions in European lower mid-market businesses, supporting operational improvement and international expansion.
Early-stage fund for AI applications, software infrastructure and deep tech
Industrial tech fund backing Industry 4.0 founders in Europe
Back early-stage quantum technology startups, starting from Dutch founders and now internationally.
Make first investments in founders building in AI, fintech and enterprise risk, as a founder-first European seed investor.
Builds European businesses in fragmented, growing markets through organic development and buy-and-build acquisitions.
Venture creation and early-stage biotech fund for therapies for severe diseases
Takes controlling stakes in established industrial SMEs and supports decarbonisation, operational improvement and growth across France and selected European markets.
Back European neuroscience-based BrainTech startups and help them reach US markets and FDA approval.
Makes primary buyouts of DACH Mittelstand businesses, addressing founder succession and supporting professionalisation and international growth.
UK impact fund for health, essential services and sustainable consumption
Regional venture fund backing early-stage technology startups, funded mostly by private investors alongside the South Moravian Region.
Invest in clinical-stage biopharma companies with breakthrough therapies for severe diseases, committing capital at each value inflection point (15 to 20 companies).
Acquires market-leading, often family- or founder-owned European companies providing essential products or services, scaling them into multinational platforms through pan-European consolidation.
Back high-growth SMEs in consumer and retail, healthcare, and technology-enabled services with equity or quasi-equity and hands-on growth support.
Pre-seed fund for CEE founders building global products
Solo-GP fund for AI-first companies, mainly early stage
Deeptech fund built with Politecnico di Milano ecosystem
Energy transition and industrial tech fund for Poland
Growth impact fund for B2B companies with more than EUR10m revenue
Acquires European mid-market businesses in industrial technology, business services and healthcare, supporting operational transformation and corporate carve-outs.
Fund backing founders outside traditional venture networks in France
Growth capital for deeptech scale-ups, initial cheques up to EUR 15m
Deeptech seed fund for French and European B2B founders
Early-stage fund for European digital businesses
Water technology across the value chain: treatment, reuse, digital monitoring, emerging contaminants; early to growth stage, global.
Inception and pre-seed fund for AI-first Baltic software founders
Turn Dutch academic discoveries in chronic diseases into investment-ready life science companies, bridging the gap to seed.
Takes majority or controlling minority stakes in high-growth SMEs in France, Benelux and Italy, supporting development and transformation plans through buy-and-build.
Acquires majority stakes in high-growth, high-margin Northern European mid-market companies, supporting them with M&A, international expansion, digital and commercial expertise.
Seed and Series A investments in SpaceTech combined with AI, spanning defence, climate, life sciences and next-generation space infrastructure.
Find, fund and support Belgian-founder tech startups at seed stage, wherever they are based, and back ecosystem initiatives.
Early-stage fund for quantum and physics-based startups
Builds profitable European consumer businesses through active ownership, international expansion, selective acquisitions and structured sustainability improvements.
Follow-on fund scaling industrial B2B software companies created by the OSS studio
Makes majority buyouts of established European SMEs and turns them into consolidation platforms through operational development and acquisitions.
University-research-based startups via network of 50+ universities
Growth fund for proven European B2B climate companies
Growth fund for European deep tech and climate scale-ups
IP-driven European tech from pre-seed to Series B across AI, cybersecurity, techbio and industrial innovation
Partners with founders and management teams of Dutch lower-mid-market companies, supporting growth initiatives, operational improvement and buy-and-build acquisitions.
Turn academic breakthrough science into early-stage healthcare companies by leading financings and building leadership teams (up to 15 companies).
Fund backing European science-driven deeptech founders
Back enterprise AI startups focused on secure, governed and cost-controlled AI adoption, leading or co-leading rounds with EUR 0.5 to 1.5m initial tickets.
Industry-agnostic early-stage, deep tech and AI, about 35 startups
Makes mainly majority investments in French SMEs undergoing succession, strengthening operations and supporting organic growth and acquisitions.
Green transition deeptech fund for the Nordics
Urban and industrial climate tech fund for Europe
Back founders with deep domain expertise who use AI and deep tech to rebuild established industries, as first institutional or lead investor.
Impact fund backing early-stage European founders
Makes control investments in operationally complex European lower middle-market businesses, using local origination and hands-on operational improvement.
Backs technology leaders with real-world application in key European industries, emphasising sustainability, responsibility and a founder mindset.
Makes majority buyouts of lower mid-market companies in Core Europe, partnering with families, founders and entrepreneurs across healthcare, services, consumer and niche industrials.
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Six sectors where European expertise, needs and regulatory changes are opening up new markets.
Read on Substack