Top 20 VCs for Early-Stage Startups in Europe in 2025

The venture capital landscape in Europe is continuously evolving, with numerous firms focusing on supporting early-stage startups across various sectors. As we look toward 2025, here’s a detailed list of the Top 20 VCs for early-stage startups in Europe, along with their focus areas, funding capacities, notable investments, geographic concentration, and more.

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1. Seedcamp

Investment Focus: Early-stage tech startups across various sectors, including fintech, SaaS, and AI.
Funding Amounts: Typically invests €500,000 to €1 million in pre-seed rounds.
Notable Investments: Wise, Revolut, UiPath.
Geographic Focus: Europe
Number of Investments: 236 according to one source. Source

2. Point Nine Capital

Investment Focus: SaaS, B2B, and marketplace startups, with a software focus.
Funding Amounts: Invests €500,000 to €2 million in pre-seed and seed rounds, targeting fund sizes unlikely to exceed €200m.
Notable Investments: Zendesk, Delivery Hero, Typeform.
Geographic Focus: Europe, primarily Berlin.
Number of Investments: 128 according to one source. Source

3. Speedinvest

Investment Focus: Fintech, healthtech, climate tech, deep tech, marketplaces, consumer, and SaaS.
Funding Amounts: Invests €500,000 to €1.5 million in pre-seed rounds, with more than €1B available for investment.
Notable Investments: Bitpanda, Wefox, Twaice.
Geographic Focus: Europe
Number of Investments: 325 according to one source. Source

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4. Cherry Ventures

Investment Focus: Climate tech, healthtech, and fintech.
Funding Amounts: Invests €500,000 to €1 million in pre-seed rounds.
Notable Investments: Flixbus, Infarm, Cazoo.
Geographic Focus: Europe, based in Berlin.
Number of Investments: 150 according to one source. Source

5. LocalGlobe

Investment Focus: Fintech, healthtech, and proptech.
Funding Amounts: Invests €500,000 to €1 million in pre-seed rounds.
Notable Investments: Zoopla, Citymapper, Wise.
Geographic Focus: Europe
Number of Investments: 184 according to one source. Source

6. Kima Ventures

Investment Focus: Early-stage startups across Europe and North America.
Funding Amounts: Invests €150,000 to €300,000 in pre-seed rounds.
Notable Investments: Zenly, Carta, Algolia, Wise.
Geographic Focus: Europe and North America, based in Paris.
Number of Investments: 293 according to one source. Source

7. Connect Ventures

Investment Focus: B2B SaaS and B2B marketplaces.
Funding Amounts: Invests €500,000 to €1 million in pre-seed rounds.
Notable Investments: Citymapper, Typeform, Kheiron, TrueLayer, Oyster.
Geographic Focus: Europe Source

8. High-Tech Gründerfonds (HTGF)

Investment Focus: Digital tech, industrial tech, and life sciences.
Funding Amounts: Manages €1.4 billion across four funds.
Notable Investments: IonKraft (recyclable materials), Sedivention (medical tech), SRTD Biotech (RNA-based therapies).
Geographic Focus: Europe, based in Germany.
Number of Investments: 340 according to one source. Source

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9. HV Capital

Investment Focus: Generalist.
Funding Amounts: Raised €700m for its ninth fund in 2023.
Notable Investments: Enpal, Isar Aerospace, Zalando, Delivery Hero.
Geographic Focus: Europe, based in Munich.
Number of Investments: 195 according to one source. Source

10. Bpifrance

Investment Focus: Software, IT, healthcare, and clean energy.
Funding Amounts: Manages over €20 billion in assets.
Notable Investments: Dfns (crypto custody), Biolevate (AI-enhanced healthcare), Orakl Oncology (cancer research).
Geographic Focus: Europe.
Number of Investments: 536 according to one source. Source

11. Balderton Capital

Investment Focus: Consumer internet, fintech, and healthtech.
Funding Amounts: Typically invests between €1 million and €10 million.
Notable Investments: Betfair, MySQL, and Yoox.
Geographic Focus: Primarily Europe.
Number of Investments: Over 120 according to one source. Source

12. Octopus Ventures

Investment Focus: fintech, health, and deep tech.
Funding Amounts: Invests €1 million to €10 million.
Notable Investments: Zoopla, Secret Escapes.
Geographic Focus: UK and Europe.
Number of Investments: 140 according to one source. Source

13. Notion Capital

Investment Focus: Enterprise technology and SaaS.
Funding Amounts: Typically invests between €500,000 and €5 million.
Notable Investments: Tradeshift, GoCardless.
Geographic Focus: Europe.
Number of Investments: 70 according to one source. Source

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14. Blue Horizon

Investment Focus: Sustainable food and agriculture.
Funding Amounts: Invests between €500,000 and €10 million.
Notable Investments: Oatly, Beyond Meat.
Geographic Focus: Europe and North America.
Number of Investments: 50 according to one source. Source

15. Anthemis Group

Investment Focus: Fintech and insurtech.
Funding Amounts: Invests €500,000 to €10 million.
Notable Investments: BitPesa, Cuvva.
Geographic Focus: Europe and North America.
Number of Investments: Over 80 according to one source. Source

16. Alven Capital

Investment Focus: Digital technology and software.
Funding Amounts: Invests €500,000 to €5 million.
Notable Investments: Drivy, Dataiku.
Geographic Focus: Europe.
Number of Investments: 100 according to one source. Source

17. Dawn Capital

Investment Focus: SaaS and fintech.
Funding Amounts: Invests typically between €1 million and €5 million.
Notable Investments: Adyen, Mirakl.
Geographic Focus: Europe, particularly the UK.
Number of Investments: 60 according to one source. Source

18. Idinvest Partners

Investment Focus: Digital economy.
Funding Amounts: Invests between €300,000 and €3 million.
Notable Investments: Talend, Meetic.
Geographic Focus: Europe.
Number of Investments: 150 according to one source. Source

19. Speedinvest Heroes

Investment Focus: EdTech and digital services.
Funding Amounts: Invests between €500,000 and €3 million.
Notable Investments: GoStudent, Lieferando.
Geographic Focus: Europe.
Number of Investments: 50 according to one source. Source

20. Keen Venture Partners

Investment Focus: Tech-enabled companies across various sectors.
Funding Amounts: Invests between €1 million and €4 million.
Notable Investments: DocPlanner, TheFork.
Geographic Focus: Europe and North America.
Number of Investments: 30 according to one source. Source

Disclaimer: This list reflects the information available as of today, January 17, 2025, and is subject to change due to the dynamic nature of the venture capital landscape.

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FAQ

Q: What is Seedcamp's investment focus?

A: Seedcamp primarily invests in early-stage tech startups across various sectors such as fintech, SaaS, and AI. Learn more about Seedcamp.

Q: What types of startups does Point Nine Capital invest in?

A: Point Nine Capital focuses on SaaS, B2B, and marketplace startups, with a strong emphasis on software. Discover Point Nine Capital.

Q: How much does Speedinvest typically invest?

A: Speedinvest invests between €500,000 to €1.5 million in pre-seed rounds and has over €1 billion available for investments. Check out Speedinvest.

Q: What notable companies has Cherry Ventures invested in?

A: Cherry Ventures has notable investments including Flixbus, Infarm, and Cazoo, focusing mainly on climate tech, healthtech, and fintech. Learn more about Cherry Ventures.

Q: In which sectors does LocalGlobe primarily invest?

A: LocalGlobe primarily invests in fintech, healthtech, and proptech startups. Discover more about LocalGlobe.

Q: What is Kima Ventures' typical investment amount?

A: Kima Ventures typically invests between €150,000 and €300,000 in early-stage startups. Explore Kima Ventures.

Q: What types of startups does Connect Ventures focus on?

A: Connect Ventures focuses on B2B SaaS and B2B marketplaces for its investments. Learn more about Connect Ventures.

Q: How many investments has High-Tech Gründerfonds (HTGF) made?

A: High-Tech Gründerfonds has made approximately 340 investments, focusing on digital tech, industrial tech, and life sciences. Discover HTGF.

Q: What notable companies has HV Capital invested in?

A: HV Capital has invested in notable companies such as Enpal, Isar Aerospace, and Delivery Hero, covering a broad range of sectors. Check out HV Capital.

Q: What is Bpifrance's investment strategy?

A: Bpifrance manages over €20 billion in assets, focusing on software, IT, healthcare, and clean energy investments. Learn more about Bpifrance.

About the Author

Violetta Bonenkamp, also known as MeanCEO, is an experienced startup founder with an impressive educational background including an MBA and four other higher education degrees. She has over 20 years of work experience across multiple countries, including 5 years as a solopreneur and serial entrepreneur.

Violetta is a true multiple specialist who has built expertise in Linguistics, Education, Business Management, Blockchain, Entrepreneurship, Intellectual Property, Game Design, AI, SEO, Digital Marketing, cyber security and zero code automations. Her extensive educational journey includes a Master of Arts in Linguistics and Education, an Advanced Master in Linguistics from Belgium (2006-2007), an MBA from Blekinge Institute of Technology in Sweden (2006-2008), and an Erasmus Mundus joint program European Master of Higher Education from universities in Norway, Finland, and Portugal (2009).

She is the founder of Fe/male Switch, a startup game that encourages women to enter STEM fields, and also leads CADChain, and multiple other projects like the Directory of 1,000 Startup Cities with a proprietary MeanCEO Index that ranks cities for female entrepreneurs. Violetta created the "gamepreneurship" methodology, which forms the scientific basis of her startup game. She also builds a lot of SEO tools for startups. Her achievements include being named one of the top 100 women in Europe by EU Startups in 2022 and being nominated for Impact Person of the year at the Dutch Blockchain Week. She is an author with Sifted and a speaker at different Universities. Recently she published a book on Startup Idea Validation the right way: from zero to first customers and beyond and launched a Directory of 1,500+ websites for startups to list themselves in order to gain traction and build backlinks.