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
- 24
- Total
- €7.0bn
- Median
- €222m
- Threshold
- From €10m
Funds
Updated 21 Oct 2026
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
Regional fund for innovative start-ups and SMEs based in Lazio, seed to late growth
- Sectors
- Generalist
- Invests in
- Italy (Lazio)
- Track
- Fund 8
- First Close
- 29 Sept 2026
- Manager
- Vertis SGR
Growth fund for European defence and security technology
- Sectors
- Defence & Security
- Invests in
- Pan-European
- Track
- Fund 1
- First Close
- 24 Sept 2026
- Public LPs
- EIFO, SmartCap
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
Later-stage European technology companies, spin-out of two ex-Wendel Growth partners
- Sectors
- Generalist
- Invests in
- Europe
- Track
- Emerging manager, fund 1
- First Close
- 15 Aug 2026
Growth fund for European technology scale-ups
- Sectors
- B2B Software
- Invests in
- Pan-European
- Track
- Fund 6
- Closed
- 30 Jul 2026
Defence, security and resilience technology across the European defence stack
- Sectors
- Defence & Security, Deep Tech, AI
- Invests in
- Europe
- Track
- Emerging manager, fund 1
- Final Close
- 17 Jul 2026
- As reported
- USD 300m
Growth impact fund for B2B companies with more than EUR10m revenue
- Sectors
- Climate & Energy, Industrial Tech, Health & Bio, Mobility
- Invests in
- Pan-European
- Track
- Fund 1
- Final Close
- 17 Mar 2026
- Public LPs
- EIF, British Business Bank, Bpifrance, SETT, COFIDES
Growth capital for deeptech scale-ups, initial cheques up to EUR 15m
- Sectors
- Deep Tech, Defence & Security, Climate & Energy, Mobility
- Invests in
- Europe
- First Close
- 12 Mar 2026
Follow-on fund scaling industrial B2B software companies created by the OSS studio
- Sectors
- B2B Software, Industrial Tech
- Invests in
- Europe | US
- First Close
- 18 Feb 2026
Early growth CEE tech past seed, tickets EUR 1-3m
- Sectors
- Generalist
- Invests in
- CEE
- First Close
- 11 Dec 2025
- As reported
- PLN 48.5m (Perplexity only)
- Public LPs
- PFR
Asset-centric biotech company creation and investments at all stages
- Sectors
- Health & Bio
- Invests in
- Global
- Track
- Fund 5
- Closed
- 14 Nov 2025
Stage-agnostic quantum technology fund
- Sectors
- Deep Tech
- Invests in
- Global (Europe focus)
- Track
- Emerging manager, fund 1
- First Close
- 2 Oct 2025
- Public LPs
- EIFO
Growth fund for Greek deep tech companies
- Sectors
- Deep Tech
- Invests in
- Greece | Europe
- Track
- Emerging manager, fund 2
- First Close
- 1 Oct 2025
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)
Growth fund scaling European AI champions
- Sectors
- AI
- Invests in
- Pan-European
- Track
- Fund 4
- First Close
- 16 Jul 2025
Early-growth European deeptech scale-ups in foundational sectors
- Sectors
- Deep Tech, Defence & Security, AI
- Invests in
- Pan-European
- Track
- Fund 2
- First Close
- 2 Jul 2025
- Manager
- Omnes Capital
- Public LPs
- EIF, Bpifrance
Global vertical AI fund across consumer, health, fintech and energy
- Sectors
- AI, Consumer, Health & Bio, Fintech, Mobility
- Invests in
- Global (approx. 50% Europe)
- Track
- Fund 3
- Final Close
- 27 May 2025
- As reported
- USD 1bn
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)
Growth fund for sustainable tech scale-ups from Series B to IPO
- Sectors
- Climate & Energy, AI, Defence & Security
- Invests in
- Pan-European
- Track
- Emerging manager, fund 2
- Final Close
- 2 Apr 2025
- Public LPs
- EIF, Bpifrance
Fund for cybersecurity, applied AI and digital infrastructure startups
- Sectors
- Defence & Security, AI, Health & Bio
- Invests in
- Pan-European
- Track
- Fund 4
- First Close
- 17 Mar 2025
Backing women-led startups and products built for women
- Sectors
- Health & Bio, Climate & Energy
- Invests in
- Europe
- Closed
- 29 Jan 2025
Growth equity fund for European B2B tech after product-market fit
- Sectors
- Fintech, B2B Software, Climate & Energy
- Invests in
- Pan-European
- Track
- Fund 3
- Closed
- 9 Jan 2025
- Public LPs
- EIF
Showing 12 of 24 funds
