---
title: "Top Early-Stage VC Funds Closed in Europe in 2025"
lang: en
canonical_url: https://www.papermark.com/blog/early-stage-vc-funds-raised-europe
last_updated: 2026-05-21
published: 2025-12-19
category: [investors]
author: "Marc Seitz"
summary: "A complete list of European early-stage VC funds that closed capital in 2025 and are currently ready to write checks, including amounts raised and official websites."
---

# Top Early-Stage VC Funds Closed in Europe in 2025

This article highlights the top **early-stage venture capital funds in Europe that successfully closed capital in 2025 and are actively investing**. For each fund, you’ll find how much capital they raised and a link to their official website if available. These funds represent key sources of seed and pre-seed funding across the continent.

## Quick list of top early-stage VC funds closed in Europe in 2025

## 🇬🇧 VC Funds closed in United Kingdom

- **DIG Ventures – $100M raised**: London-based early-stage VC investing in AI, SaaS, and cloud startups. [dig.ventures](https://dig.ventures/)
- **Arāya Ventures – ~$26M raised**: Seed and pre-seed global fund backing AI, fintech, healthtech and future of work. [araya.ventures](https://araya.ventures/)
- **Creator Fund – $41M raised**: Early-stage fund supporting creative and tech startups.
- **Concept Ventures – $88M raised**: Pre-seed specialist focusing on software and tech founders. [concept.vc](https://concept.vc/)
- **BACKED VC – $100M raised**: European early-stage VC supporting founders across sectors. [backed.vc](https://backed.vc/)
- **Outlier Grove – $20M raised**: UK investor backing early-stage innovation.
- **LocalGlobe XIII – $55.44M raised**: London-based early-stage VC supporting European startups. [localglobe.vc](https://localglobe.vc/)
- **Balderton Early Stage Fund IX – $615M raised**: European Series A investor with strong track record. [www.balderton.com](https://www.balderton.com/)
- **Osney Capital – £50M+ raised**: UK-based early-stage VC that closed its first fund, focused exclusively on the early-stage Cyber sector in the UK. [www.osneycapital.com](https://www.osneycapital.com/)

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## 🇫🇷 VC Funds closed in France

- **Ventech – ~$190M raised**: Paris-based early-stage tech investor. [www.ventechvc.com](https://www.ventechvc.com/)
- **Polytechnique Ventures – ~$24.3M raised**: Early-stage VC from Ecole Polytechnique. [www.polytechnique-ventures.fr](https://www.polytechnique-ventures.fr/)
- **M2care – ~$26M raised**: Healthtech venture studio investing in early medical innovation. [www.m2.care](https://www.m2.care/)
- **ISAI Venture IV – €75M raised**: French VC supporting tech startups. [www.isai.fr](https://www.isai.fr/)
- **Daphni Blue – €200M raised**: European VC investing in digital transformation. [www.daphni.com](https://www.daphni.com/)
- **XAnge 5 – €200M raised**: French early-stage VC. [www.xange.fr](https://www.xange.fr/)
- **Serena Fund IV – $231.2M raised**: Early-stage fund for applied AI, SaaS, climate & energy transition, infrastructure, and impact, from pre-seed to Series A across Europe. [www.serena.vc](https://www.serena.vc/)
- **C4 Ventures III – €100M raised**: French VC supporting early-stage tech companies. [www.c4ventures.com](https://www.c4ventures.com/)

## 🇩🇪 VC Funds closed in Germany

- **First Momentum Ventures – $38M raised**: German early-stage investor.
- **Vireo Ventures – $58M raised**: Focus on early tech startups.
- **SIVentures (formerly Smart Infrastructure Ventures) – $32M raised**: B2B startup investor.
- **Auxxo Female Catalyst Fund – $28M raised**: Female-led focused seed fund in Berlin. [auxxo.de](https://auxxo.de/)
- **Project A – $350M raised**: Operational VC supporting early-stage founders. [www.project-a.com](https://www.project-a.com/)
- **Verne Capital – $110M raised**: European venture capital investor.
- **backtrace Capital – $50M raised**: Early-stage tech investment.
- **HTGF (High-Tech Gründerfonds IV) – €493.8M raised**: One of Europe's most active VCs, ready to invest in early-stage startups. [www.htgf.de](https://www.htgf.de/)

## 🇵🇱 VC Funds closed in Poland

- **Movens Capital – $65M raised**: VC backing Polish and CEE tech founders.
- **vastpoint – $22M raised**: Early-stage investor in Central Europe.
- **Expeditions Fund – $115.6M raised**: Poland-focused seed VC.

## 🇪🇸 VC Funds closed in Spain

- **Aldea Ventures – $54M raised**: Spanish early-stage tech investor. [www.aldea.vc](https://www.aldea.vc/)
- **Nzyme – $172M raised**: Spanish VC supporting tech and innovation.
- **4Founders Capital – $48M raised**: Multi-sector early investor. [4founders.capital](https://4founders.capital/)
- **Nina Capital – $54M raised**: Seed and pre-seed tech investor. [www.ninacapital.com](https://www.ninacapital.com/)
- **IRIS Ventures – $115.6M raised**: Spanish early-stage VC.

## 🇮🇹 VC Funds closed in Italy

- **Italian Founders Fund – $98M raised**: Supporting Italian tech founders.
- **Maia Ventures – $63.6M raised**: Early-stage VC in Italy.

## 🇳🇱 VC Funds closed in Netherlands

- **SHIFT Invest – $100M raised**: Dutch VC backing purpose-driven founders. [shiftinvest.vc](https://shiftinvest.vc/)
- **DFF Ventures – $57.8M raised**: Early-stage Dutch investor. [dff.vc](https://dff.vc/)
- **Rubio Impact Ventures – $80.9M raised**: Impact-focused VC. [rubio.vc](https://rubio.vc/)
- **Volve Capital – ~$9M raised**: Low-capital early investor.
- **NUNC Capital BV – €20M raised**: Dutch VC providing capital for defense tech and innovations.

## 🇧🇪 VC Funds closed in Belgium

- **Volta Ventures – $22M raised**: Belgian early-stage VC. [www.volta.ventures](https://www.volta.ventures/)
- **Imec.istart Future Fund – *amount not disclosed***: Tech and deep tech investor. [www.istart.be](https://www.istart.be/)

## 🇫🇮 VC Funds closed in Finland

- **Nordic Foodtech VC – $44M raised**: Sector-focused foodtech investor. [nordicfoodtech.vc](https://nordicfoodtech.vc/)
- **OpenOcean – $108M raised**: Early-stage Nordic VC. [openocean.vc](https://openocean.vc/)
- **Icebreaker.vc – *amount not disclosed***: Nordic early investor. [icebreaker.vc](https://icebreaker.vc/)
- **Lifeline Ventures – ~$500M raised**: Major Nordic seed-stage firm. [www.lifelineventures.com](https://www.lifelineventures.com/)
- **Superhero Capital – €50M raised**: Early-stage software startups across Finland and the Baltics.

## 🇩🇰 VC Funds closed in Denmark

- **KOMPAS VC – $160M raised**: Denmark-based tech VC. [www.kompasvc.com](https://www.kompasvc.com/)
- **Delphinus VC – $80M raised**: Research-driven early investor. [delphinus.vc](https://delphinus.vc/)
- **Blackwood Ventures – $25M raised**: Danish startup investor. [blackwood.vc](https://blackwood.vc/)

## 🇸🇪 VC Funds closed in Sweden

- **Norrsken VC – $350M raised**: Large Nordic early-stage fund. [norrsken.vc](https://norrsken.vc/)
- **Behold Ventures – $59M raised**: Early-stage Swedish investor. [behold.vc](https://behold.vc/)
- **Alliance Nordic – $43M raised**: Nordic early investor. [alliancenordic.com](https://alliancenordic.com/)
- **Incore Invest – $27M raised**: Stockholm-based VC. [incoreinvest.com](https://incoreinvest.com/)
- **Mätch VC – $53M raised**: Swedish early-stage partner.

## 🇪🇪 VC Funds closed in Estonia

- **Darkstar – $16M raised**: Emerging Estonian VC investor.

## 🇨🇿 VC Funds closed in Czech Republic

- **KAYA VC – $70M raised**: Czech seed investment firm.
- **Soulmates Ventures – $54M raised**: Early-stage VC investor.
- **United Founders – $92.5M raised**: CEE VC backer.
- **Rockaway Ventures Fund II – ~$59M raised**: CEE early-stage investor. [rockaway.vc](https://rockaway.vc/)

## 🇺🇦 VC Funds closed in Ukraine

- **Flyer One Ventures – $54M raised**: Ukrainian early-stage VC. [flyerone.vc](https://flyerone.vc/)
- **D3 Venture Capital Firm – $5M raised**: Small Ukrainian investor.
- **Ukraine Phoenix Tech Fund – $57.8M raised**: Tech investment fund in Ukraine.
- **ZAS Ventures – *amount not disclosed***: Ukrainian early-stage VC investing in UA-founded startups.

## 🇬🇷 VC Funds closed in Greece

- **Marathon Venture Capital – $80M raised**: Greek early investor.
- **Evercurious VC – $13M raised**: Greece-based seed fund.

## 🇱🇺 VC Funds closed in Luxembourg

- **Balnord – $80.9M raised**: Luxembourg early-stage investment fund.
- **Giano Capital – €50M raised**: Luxembourg-based early-stage VC.
- **Catalpa Ventures – €10M raised**: Healthcare-focused VC investing in early-stage healthcare startups.

## 🇲🇨 VC Funds closed in Monaco

- **Monte Carlo Capital – $13M raised**: Monaco-based early investor.

## 🇨🇾 VC Funds closed in Cyprus

- **33East – $28M raised**: Cyprus tech investor.

## 🇧🇬 VC Funds closed in Bulgaria

- **Innovation Capital – ~$39M raised**: Bulgarian early-stage VC.

## 🇦🇹 VC Funds closed in Austria

- **Calm/Storm – $34.7M raised**: Austrian early investor.

## 🇱🇻 VC Funds closed in Latvia

- **Outlast Fund – $21M raised**: Latvian early-stage VC.

## 🌍 Europe (Pan-European)

- **Cloudberry VC – €30M raised**: Europe's first semiconductor VC fund investing across Europe. [www.cloudberry.vc](https://www.cloudberry.vc/)
- **Point Nine Capital Fund VII – $165M raised**: Berlin-based early-stage VC, one of the strongest partners in Europe for B2B SaaS and online marketplace startups. [www.pointninecap.com](https://www.pointninecap.com/)

## Conclusion

Europe's early-stage VC landscape in 2025 is rich and diversified, with **dozens of funds actively ready to write checks** across sectors and regions. From London's DIG Ventures closing a strong $100M early-stage fund to Nordic heavyweights like Lifeline Ventures with ~$500M in capital, founders looking to raise in Europe have a broad set of partners to choose from.

---

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