Venture Capital directory in Europe
Browse venture capital organisations across Europe. Each entry links to its country, city, and sector pages.
Showing 81–100 of 203 Venture Capital
Countries with Venture Capital
Venture Capital results
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HealthCap
HealthCap is one of Europe's largest dedicated life science venture capital firms, headquartered in Stockholm, Sweden. Founded in 1997, the firm invests in biotech, pharmaceutical, and medical device companies across the Nordic region and internationally. HealthCap has backed numerous successful life science companies over more than two decades and manages multiple funds with a strong track record in European biotech.
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Heartcore Capital
Heartcore Capital is a Copenhagen-headquartered early-stage venture firm founded in 2007 as Sunstone Technology Ventures and rebranded to Heartcore in 2019 around a consumer-first thesis. Operating from Copenhagen, Berlin, Paris and London, it backs European founders from inception through Series A, deploying €250K–€6M as first institutional capital, and has become one of Europe's highest-ranked seed and Series A investors. Across five early-stage funds, two growth vehicles and a Web3 fund, Heartcore manages roughly €800M; Fund V closed at €170M in December 2024, signalling a broadening from pure consumer into AI and software infrastructure, climate tech and synthetic biology while retaining consumer and travel exposure. The firm's track record includes Tink (acquired by Visa for €1.8bn, 2022), Peakon (Workday, ~$700M, 2021), Trustpilot (LSE IPO, 2021), Boozt (Nasdaq Stockholm, 2017) and Kaia Health (Sword Health, 2026), with a portfolio spanning GetYourGuide, TravelPerk, Podimo, Natural Cycles and Vivino. The partnership is led by co-founders Jimmy Fussing Nielsen and Christian Lindegaard Jepsen alongside Max Niederhofer (Berlin) and Yacine Ghalim (Paris).
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Hedgehog Fund
An early-stage “angel fund” that invests in tech and communication startups, specializing in marketplaces, e-commerce, B2B, and IoT. It operates like an angel syndicate, with a portfolio including companies like Allani, Evenea, and Preply. Notable focus: seed-stage online platforms – Hedgehog provides capital plus hands-on involvement to spur growth (many of its investments later raised VC funding).
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High-Tech Gruenderfonds (HTGF)
High-Tech Gruenderfonds (HTGF) is Germany’s public-private seed investor. In 2022 it launched HTGF IV with about EUR 493m, backed by the Federal Ministry for Economic Affairs, KfW Capital, and 45 corporate LPs including BASF, Bayer, Bosch, and SAP. HTGF focuses on high-tech, industrial tech, chemistry, and life sciences and is a cornerstone early-stage fund in Germany.
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Hiventures
Hiventures is Hungary's largest state-backed venture capital firm, operating under the Hungarian Development Bank Group with approximately €258 million under management. Founded in 1999, it is the most active VC in Central and Eastern Europe by deal count, with over 420 investments made to date. The firm focuses exclusively on Hungarian startups and invests across all stages from pre-seed through growth, with a current thematic emphasis on AI, DeepTech, MedTech, and GreenTech. Its co-investment model and patient capital approach make it the primary first institutional money for Hungarian founders.
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HV Capital
HV Capital (formerly Holtzbrinck Ventures) is one of Germany's most established venture capital firms, investing from seed to growth stage across European technology companies. Founded as the VC arm of the Holtzbrinck publishing group, HV Capital manages over $2 billion and has backed iconic European companies including Zalando, Delivery Hero, FlixBus, and FINN. The firm focuses on technology-enabled business models and is a cornerstone investor in the DACH startup ecosystem.
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Icebreaker.vc
Icebreaker.vc was founded in 2017 in Helsinki by Aleksi Partanen, Lasse Lehtinen, Riku Sepälä, and Teddie Wardi to address the pre-seed funding gap in Finland, Estonia, and Sweden. The firm targets idea-stage companies with tickets of €150,000–€1.5 million, with Fund III targeting €30 million. Portfolio standouts include Hoxhunt (raised $40M Series B), Aibidia ($28M Series B), and ReOrbit (€45M Series A). Icebreaker is known for its diversity focus, backing 3.5× more immigrant founders than the Finnish VC average.
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ICONIQ Growth
ICONIQ Growth is the growth-equity and venture arm of ICONIQ, investing in technology companies from early traction through IPO and beyond. It partners with founders at critical inflection points across software, fintech and other sectors, and invests internationally including from a London presence.
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ICT Hub Venture
ICT Hub Venture is a private investment fund founded in 2017 as the capital arm of ICT Hub, one of Serbia's pioneering startup incubators. It focuses on pre-seed and seed technology startups in the SEE region, offering up to €50,000 in exchange for 5–15% equity alongside a structured development program and ecosystem access. The fund positions itself as the only private early-stage fund in the SEE region dedicated to scalable B2B and B2C tech solutions. Portfolio includes cybersecurity platform Trickest and scheduling marketplace randevu, among 15+ companies as of 2024.
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ICU Ventures
ICU Ventures is the venture capital arm of ICU Group, Ukraine's largest independent asset management and investment banking firm, established in 2006 by former ING senior professionals. The venture arm, active since 2018, focuses on late seed and Series A investments of $200K–$5M in tech companies with strong Ukrainian ties across fintech, deep tech, mobility, and enterprise software. With 40+ investments to date, the portfolio includes Respeecher (AI voice technology) and Khazna (fintech), with the most recent disclosed investment made in February 2025. ICU Ventures operates from Kyiv and continues to actively back Ukrainian-rooted founders building global businesses.
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Imprimatur Capital Fund Management
Imprimatur Capital Fund Management is a Riga-based early-stage venture capital firm founded in 2010 and affiliated with London-headquartered Imprimatur Capital Ltd. The firm manages seed and start-up funds backed by the Latvian Guarantee Agency and institutional investors, with over €17M under management and more than 70 portfolio companies. It targets B2B software, digital health, learning and training, and robotics startups at pre-Series A in the Baltic Sea Region. Key partners include Toby Moore (Managing Partner) and Jānis Janevičs (Partner).
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Indaco Venture Partners
Founded in 2016 by Davide Turco, Elizabeth Tosto, Antonella Grassigli, and Alvise Bonivento, Indaco Venture Partners SGR is Italy's largest independent venture capital management company, with over €350 million in assets under management across six funds. The firm specialises in proprietary-technology companies at Series A and B, with deep expertise in electronics, robotics, medtech, advanced materials, and digital sectors. Notable portfolio companies include Newronika (adaptive deep brain stimulation), Sibylla Biotech, Almawave, and Codasip; exits include Silicon Biosystems and Directa Plus. Indaco's differentiated focus on hardware-intensive and science-driven startups sets it apart from Italy's mostly software-focused VC landscape.
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Index Ventures
Index Ventures is a globally renowned venture capital firm that originated in Europe and has been instrumental in scaling many of the continent’s top tech companies. Founded in Geneva in 1996 by the Daly brothers and Neil Rimer, Index later opened major offices in London and San Francisco, making it a transatlantic VC powerhouse. Index invests at all stages (seed to growth), though it is especially prominent in Series A/B in Europe. The firm has an extraordinary track record: it was an early backer of Skype (sold to eBay), Last.fm (sold to CBS), Supercell (acquired by Tencent), and MySQL (acquired by Sun) in the 2000s, and more recently of Deliveroo, Adyen, Figma, Revolut, Robinhood and Notion – to name a few. Index’s portfolio spans consumer and enterprise: it has seeded fashion marketplaces like ASOS and Farfetch, scaled up fintech stars like TransferWise (Wise) and Robinhood, and supported open-source and SaaS successes (Elastic, Confluent, Collibra). The firm manages multiple funds (it raised a $3B+ set of funds in 2022) and often co-invests across its early and growth funds to support companies long-term. Index is particularly known for its knack in consumer-facing startups and its ability to spot trends early (e.g., it led Patreon’s Series A in the creator economy space, and Discord’s seed in gaming communication). Partners at Index are a cosmopolitan bunch – with backgrounds ranging from gaming entrepreneurs to investment bankers – and they bring a strong network in both Silicon Valley and Europe. Uniquely, Index also has a life sciences arm (Index Life) that invested in companies like Moderna. In Europe, Index has been among the top three most active VCs by number of unicorns backed. For example, Index led Deliveroo’s Series B in 2014 and remained a major shareholder through its 2021 IPO. Similarly, Index was pivotal in Adyen’s growth (now a ~$50B payments giant). Culturally, Index is known for being founder-friendly and global in outlook – encouraging its European portfolio to expand to the US when needed and vice versa. It also frequently publishes insightful content (e.g., Bernard Dallé’s guides on SaaS metrics or interviews with founders). As of 2025, Index Ventures stands as a gold-standard VC, with a portfolio boasting dozens of IPOs and acquisitions, and a current crop of rising stars across continents.
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Indico Capital Partners
Indico Capital Partners is Portugal's first and leading independent early-stage venture firm, founded in Lisbon in 2017 by Stephan Morais and Ricardo Torgal (both ex-Caixa Capital) and Cristina Fonseca (co-founder of Talkdesk). Since its first fund close in 2019 it has built a >€244M multi-fund platform spanning six vehicles, including VC Fund I (€54M), an Acceleration Fund, an Opportunity Fund, the €50M Indico Blue ocean-economy fund, VC Fund II, and the newly launched VC Fund III (€125M target with a €30M EIF anchor, 2025). The firm invests from pre-seed to Series B with €100K–€10M cheques, focused on Portugal, Spain and Italy and the Southern European diaspora, across enterprise SaaS, AI, deep tech, fintech, cybersecurity, spacetech and the blue economy. Backed by the European Investment Fund, Banco Português de Fomento and Draper Esprit (now Molten), Indico bridges Southern Europe's talent to global capital. Its portfolio includes unicorns Anchorage Digital, Sword Health, TIER Mobility and Remote, with exits including Unbabel (TransPerfect, 2025) and Cargofive (cargo.one, 2026).
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INKEF Capital
INKEF Capital is an Amsterdam-based venture capital firm launched in 2010 with backing from APG, one of the world's largest pension fund asset managers. The firm manages over EUR 500M and invests at Series A in healthcare, enterprise software, and fintech companies across Europe. INKEF typically writes checks of EUR 3-10M and takes board seats, providing patient institutional capital with a long-term investment horizon. The portfolio includes companies like Adyen (early investor), Meatable, and MessageBird. INKEF's unique LP structure gives it the ability to support companies through extended growth cycles without typical fund-life pressure.
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InMerge Ventures
Launched in October 2024 at the INMerge Innovation Summit in Baku, InMerge Ventures is Azerbaijan's second institutionally backed venture capital fund, with an authorized capital of $4 million contributed equally by the Innovation and Digital Development Agency, Azerbaijan Investment Company, PASHA Future Lab, and Trendyol Group. The fund focuses on digital technologies, e-commerce, and innovation-driven startups from the Caucasus, Central Asia, Central and Eastern Europe, and the MENA region. Key founding figures include Inara Valiyeva (Chairwoman, Innovation and Digital Development Agency), Yasin Jalilov (Deputy Executive Director, Azerbaijan Investment Company), and Farrukh Aliyev (CEO, PASHA Future Lab). Its co-sponsorship by Trendyol Group, the Turkish e-commerce giant, gives it a distinctive cross-border e-commerce and marketplace angle.
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Innovation Capital
Innovation Capital is a Sofia-based venture capital fund with €21.1 million under management, established in 2019. The fund provides equity and quasi-equity funding to Bulgarian startups at acceleration, pre-seed, and seed stages. It is sector-agnostic with particular interest in enterprise software, e-commerce, fintech, healthcare, logistics, and cybersecurity. Innovation Capital is co-funded through EU structural funds and focuses on disruptive, scalable Bulgarian-founded businesses.
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Inovo Venture Partners
Inovo Venture Partners is Warsaw-based and one of Poland's leading seed-stage venture firms, backing technology founders from Central and Eastern Europe building for global markets. Founded in 2014 with a €8M Fund I, Inovo has scaled to roughly €167M across three funds: Fund II (€54M, 2021) and Fund III (€105M, 2023), the latter backed by IFC, the European Investment Fund and PFR Ventures alongside private LPs including InPost founder Rafał Brzoska and Snowflake co-founder Marcin Żukowski. The firm writes €0.5–4M initial tickets at pre-seed and seed, with follow-on capacity up to €10M. Inovo concentrates around 60% of each fund in Poland and the remainder across CEE — with investments in Croatia, Lithuania, Serbia, Ukraine, Slovakia and Romania — and opened a Balkans hub in Skopje in 2024. It is generalist within technology but has particular conviction in AI, developer tools, digital health, SaaS and B2B software. The portfolio spans more than 55 companies, including Booksy, Tidio, Spacelift, Infermedica, Preply, Packhelp and AI Clearing. Notable outcomes include the Warsaw Stock Exchange IPOs of Brand24 and ECC Games and the acquisition of SplxAI by Zscaler in 2025, one of the largest CEE AI exits to date.
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Insight Partners
Insight Partners is a New York-headquartered global venture capital and private equity firm with a significant London presence, founded in 1995. The firm manages over $80B and is one of the world’s largest dedicated software investors, backing companies from Series B through IPO and beyond. Insight has invested in 800+ companies globally including Shopify, Twitter, Vinted, Wiz, and SemRush. In Europe, the firm actively invests in growth-stage software, SaaS, and data infrastructure businesses, typically deploying $50-200M per deal and providing its proprietary Insight Onsite operational support platform.
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Inventure
Inventure was founded in 2005 in Helsinki by Timo Tirkkonen, with Tuomas Kosonen (ex-Nokia, ex-Rovio CFO) joining shortly after; the firm manages approximately €377 million in assets under management across four funds, with Fund IV closing at €144 million. The firm backs Seed and Series A companies across the Nordics and Baltics with tickets of €300,000–€5 million, focusing on deep tech, B2B SaaS, consumer internet, health tech, and AI. Its portfolio includes Wolt, Swappie, and Stravito. Inventure is one of the most established and prolific seed-stage investors in the Nordic ecosystem.
