New Deeptech VC Funds in 2026

Masia is a Barcelona-based venture capital firm founded in 2025 by Carlos Trenchs and Pepe Borrell, investing in early-stage AI and frontier tech companies founded by people with a connection to Barcelona. The firm acts as an advisor rather than a lead investor or board member, relying on a network of more than 70 individual limited partners and more than 60 co-investing venture firms to support its portfolio.

Inovia Capital is a Montreal-based venture capital firm founded in 2007, investing in software and AI companies with global ambitions from pre-seed through pre-IPO. The firm manages more than $2.7 billion in assets across its venture, growth equity, and Discovery Program fund-of-funds strategies, with additional offices in Toronto, Vancouver, London, and Abu Dhabi.

Bison Ventures is a San Francisco-based venture capital firm, originally founded in Seattle in 2021, investing in AI applied to physical systems such as energy, food, factories, biology, and infrastructure, a category the firm calls Real World Intelligence. The firm also backs energy and compute innovations that enable these systems, investing from pre-seed through Series B in founders building non-incremental technology.

Antares Ventures is a Singapore-based deep tech venture capital firm that invests in companies solving bottlenecks in global infrastructure, across energy, compute and digital infrastructure, industrial systems, and urban and transport infrastructure.

Monte Carlo Capital is a Monaco-based venture capital firm that invests in early-stage deeptech, AI, and space technology startups, pairing fund capital with co-investment vehicles to back founders from seed through growth.

Turbine Capital is a Stockholm-based venture capital firm investing in early-stage deeptech startups, combining capital with industrial connections and access to Sweden's top university-affiliated incubators.

Spark is a new €100 million venture capital fund from Bosch Ventures (Robert Bosch Venture Capital GmbH) dedicated to deep-tech startups across Germany. Set to begin investing on January 1, 2027, the fund sits alongside Bosch Ventures' existing global investment platforms and gives the firm a dedicated vehicle for backing early-stage German companies, with particular emphasis on the Baden-Wurttemberg region.

Endeavor Catalyst is a global venture capital fund launched in 2012 as an initiative of Endeavor Global, the non-profit organization dedicated to supporting high-impact entrepreneurs in emerging markets. Headquartered in New York, Endeavor Catalyst operates as a passive, rules-based co-investment fund, backing select founders from the Endeavor network as they scale transformative businesses across underserved regions. Its distinctive structure allows it to invest without leading rounds or taking board seats, relying instead on the strength of the Endeavor selection process and the participation of institutional co-investors.

Future Ventures is a venture capital firm co-founded by Steve Jurvetson and Maryanna Saenko in 2018. Based in the United States, the firm operates as an intentionally small, two-partner team and backs seed- and early-stage frontier technology companies pursuing founder-led, mission-driven ventures across deeptech, space, energy, biotech, and climate.

Story Ventures is a New York-based venture capital firm founded in 2016 by brothers Jake and Brian Yormak. The firm makes early-stage investments in frontier technology companies that capture and leverage proprietary data to drive decision-making, with a focus on hardware-software integration across sensory systems, data processing, and machine intelligence.

Linse Capital is a venture capital firm headquartered in San Juan, Puerto Rico, founded in 2015 by Michael Linse and Bastiaan Janmaat. The firm invests in deep tech companies across space, robotics, energy, mobility, defense, and AI, backing companies from seed stage through exit. Since inception, Linse Capital has raised more than $1.7 billion and invested in 23 companies, including nine growth-stage and fourteen early-stage investments.

NVM Ventures is a Rome-based venture capital platform that invests in deeptech startups with dual-use civilian and defense applications. The firm operates a multi-compartment model, with NVM Venture Lazio as its first sector-specific fund, backed by Lazio Innova, the Lazio Region's investment arm.

Graduate Ventures is a Netherlands-based venture capital firm founded in 2021 by alumni and entrepreneurs from Delft University of Technology and Erasmus University Rotterdam. The firm backs pre-seed and seed-stage startups and spin-outs founded by students, researchers, and alumni across Dutch universities, pairing capital with a network of more than 200 alumni investors who help portfolio companies grow.

Anorak Ventures is a Los Angeles and San Francisco–based early-stage venture capital firm founded in 2012 by Greg Castle. The firm backs highly specialized teams building differentiated technology, with a focus on aerospace and defense, critical infrastructure, advanced manufacturing, and other frontier technology. Anorak has invested in more than 150 seed-stage companies, eight of which have reached $1 billion-plus valuations.

Protego Ventures is an Israel-based venture capital firm investing in early-growth defense technology companies with battlefield-proven products. Founded after the October 7, 2023 attacks by Lital Leshem and Lee Moser, the Herzliya-based firm positions itself as the first and largest dedicated defense tech VC in Israel, and is notably led by two women.

EUREKA! Venture SGR is an independent Milan-based asset management company founded in 2019, supervised by the Bank of Italy and Consob. The firm specializes in deep tech and technology transfer investing, backing spin-offs, startups, and innovative SMEs developing proprietary, high-barrier-to-entry technologies for international markets. EUREKA! Venture has raised more than $215M across five funds to date.

Zero Infinity Partners (ZIP) is a New York-based venture capital firm investing in infrastructure technology, or infratech: startups deploying innovative technologies into physical infrastructure sectors including energy, power, mobility, logistics, water, waste, and digital infrastructure. Founded in 2022, the firm closed its oversubscribed second fund at $156 million in September 2026.

Energy Revolution Ventures (ERV) is a London-based venture capital firm specializing in early-stage investments in deep-science electrochemistry companies focused on the energy transition. Their investment areas include energy storage, grid technology, renewable fuels, carbon capture, and advanced materials. ERV closed its debut fund at $18 million in December 2024 and is now raising its second fund, targeting $50 million.

Connect Ventures is a London-based venture capital firm founded in 2012, investing in pre-seed and seed-stage founders across Europe. The firm backs founders building at the intersection of AI, hardware and automation, valuing technical depth, earned insight, problem-solving velocity and design for defensibility.

Lavni Ventures is an India-based venture capital firm and SEBI-registered Category II Alternative Investment Fund, founded in 2020. The firm invests in Indian deep-tech founders building foundational technologies in health and climate, with a thesis centered on capital-efficient, globally scalable science and engineering-driven solutions.

Final Frontier is a Copenhagen-based venture capital firm investing in space, defence and cyber technology for European strategic autonomy. Founded by Niels Vejrup Carlsen, the firm has united with Myriad Venture Partners, co-founded by Klaus Nyengaard and Alexander Aghassipour, to operate as one combined platform under the Final Frontier brand.

Project Ventures is a London-based venture capital firm founded in 2026 by Shahryar Barati, a three-time Imperial College London alumnus with a background in startup operations, venture investing and institutional asset management. It is the first independent, alumni-powered venture capital fund dedicated to Imperial College London's startup ecosystem.

Matter Venture Partners is a Silicon Valley-based HardTech and deep technology venture firm investing in the physical infrastructure of AI, including semiconductors, robotics, quantum computing, AI infrastructure, advanced manufacturing, and energy. The firm partners closely with founders building at the intersection of AI and the physical world.

Crane Venture Partners is a London-founded venture capital firm established in 2015, investing from inception through seed stage in underserved technology hubs worldwide. The firm operates from five cities, London, San Francisco, New York, Singapore, and Bangalore, and has made 138 investments with 10 exits to date. MassMutual Ventures has anchored all of Crane's funds since 2018.

Intrepid Growth Partners is a Toronto- and London-based venture capital firm founded in 2026, focused on growth-stage AI companies with the potential to redesign how entire industries operate. The firm was co-founded by Mark Machin, former President and CEO of the Canada Pension Plan Investment Board, alongside Mark Shulgan and Ajay Agrawal, founder of the Creative Destruction Lab at the University of Toronto's Rotman School of Management.

Molten Ventures (formerly Draper Esprit) is a London-headquartered venture capital firm founded in 2006, with additional offices in Cambridge and Dublin. It invests in high-growth European technology companies from Series A through growth stage.

Zinc is a London-based specialist early-stage investor and venture builder founded in 2017 by Paul Kirby, Ella Goldner, and Saul Klein. The firm backs scientific founders turning research breakthroughs into companies that address health and environmental challenges, and also runs Zinc Academy and Zinc Innovation Partners alongside its investing activity.

Auxxo Female Catalyst Fund is a Berlin-based early-stage venture capital firm focused on supporting female-founded and co-founded startups across Europe. Founded to address the significant gender gap in venture funding, Auxxo is one of the few funds in Europe built specifically around the goal of empowering women in entrepreneurship. The fund invests at the earliest stages and seeks to create systemic change by backing diverse leadership and inclusive innovation.

North Karelia Growth Fund II is a regionally focused venture vehicle managed by Redstone, a Berlin-based multi-strategy European VC firm founded in 2014. Based in Joensuu, eastern Finland, the fund backs early-stage companies in the North Karelia region, building on Redstone's first North Karelia vehicle launched in 2020.

Industrial47 is a Bengaluru-based pre-seed venture fund founded by Rahul Seth, backing early Indian founders building in space, defense, energy, and other deep-tech categories central to the country's industrial buildout. Seth founded the firm in 2024 after serving as a Director at Antler VC's India office and as an officer in the Indian Army Reserves.

Galileo Ventures is an Australian pre-seed and seed venture capital firm with a San Francisco office, backing emerging founders across AI, robotics, enterprise software and deeptech since 2020. The firm was the first institutional investor in more than 25 companies including Relevance AI, Andromeda, Kite Magnetics and Tixel.

Silent Ventures is an early-stage venture capital firm based in Dallas, Texas, founded in late 2022 by Jackson Moses. The solo-GP firm invests primarily at the concept, pre-seed, and seed stages in founders building aerospace, defense, national security, and deep tech companies. Its portfolio includes 14 disclosed defense and deep tech unicorns, among them Anduril, Saronic, Castelion, Hadrian, Armada, and Voyager Technologies (NYSE: VOYG). Silent Ventures closed an $85 million Fund II in 2026, anchored by GPx, the fund-of-funds vehicle run by Founders Fund Partner Emeritus Brian Singerman and Quiet Capital's Lee Linden.

Blackbird Ventures is an Australasian venture capital firm headquartered in Sydney, investing across every stage of a technology company's life from idea to beyond IPO. Founded in 2012 by Niki Scevak and Rick Baker, the firm backs Australian and New Zealand founders across software, deep tech, AI, robotics, space, healthcare and other frontier technology sectors, holding a portfolio of more than 130 companies including Canva, SafetyCulture and Culture Amp.

GD1 (Global From Day One) is an Auckland-based venture capital firm backing New Zealand technology companies from pre-seed through Series B and supporting them in scaling into global markets. The firm operates as a generalist fund with specialist partners across hardware, health, frontier technology, software, and financial infrastructure, and every member of its investment team has previously built, operated, or scaled a company.

Accel is a global venture capital firm founded in 1983 by Arthur Patterson and Jim Swartz, headquartered in Palo Alto, California. The firm backs entrepreneurs building category-defining software companies from the earliest stages through growth, with offices across the US, Europe, India, and Israel. Accel has backed more than 800 companies to date.

South Park Commons is a San Francisco-based venture capital firm and technologist community founded in 2016 by Ruchi Sanghvi, Facebook's first female engineer and Dropbox's first female executive. SPC pioneered the '-1 to 0' investment philosophy, helping talented technologists explore and validate ideas before committing to a company. The firm has grown into a roughly 1,200-member global community with hubs in San Francisco, New York City, and Bengaluru, and has approximately $2 billion in assets under management.

Dimension Capital is a New York and San Francisco-based multistage venture firm founded in late 2022 by Zavain Dar, Adam Goulburn, and Nan Li, all formerly of Lux Capital and Obvious Ventures. The firm was built on the conviction that the boundary between life sciences investing and frontier software investing has effectively dissolved, and that the most important companies at this intersection require investors with genuine technical depth at both the model layer and the biology layer. In under four years, the firm has grown to $1.65B in AUM across three funds, a pace normally reserved for firms with a decade of distributions.

Primo Capital is a Milan-based multi-strategy venture firm managing funds across space, climate, health, and digital sectors. Its space investment strategy, launched in 2020 with Primo Space Fund, established it as the first European venture capital fund dedicated entirely to the space economy. Primo Space Fund invested in 19 companies across 6 countries, with portfolio companies raising over $525M in follow-on capital, generating over $126M in revenues, and reaching a cumulative enterprise value of $1.4B. Primo Space 2 is the successor fund, expanding mandate to include dual-use and defense applications alongside civil space technologies.

ReefHaven Ventures is a San Diego-based early-stage venture firm founded by Garrett Smith, PhD, a UC San Diego Bioengineering alumnus and founder-operator who has built and exited healthcare companies to Johnson & Johnson, AbbVie, and Medtronic. The firm is embedded within the UC San Diego innovation ecosystem, working closely with the UCSD MedTech Accelerator, Jacobs School of Engineering, Schools of Medicine and Biological Sciences, and the Office of Innovation and Commercialization to source breakthrough companies before they are widely visible to the broader venture market.

Tau Ventures is a Palo Alto-based seed venture firm founded in 2019 by Amit Garg and Sanjay Rao, both former partners at Norwest Venture Partners with combined experience of over 50 years in Silicon Valley across Google, Samsung NEXT, Microsoft, and McKinsey. The firm invests in applied AI companies across digital health, enterprise software, and physical AI, and has backed 80+ companies across four funds with portfolio companies collectively raising over $6B in follow-on capital. The name Tau references the Greek letter equal to 2π, a nod to the founders' thesis that AI is a fundamental tool, not a trend.

Lakestar is a Zurich-based venture capital firm founded by Klaus Hommels, one of Europe’s most prominent technology investors. The firm is known for its early investments in global leaders such as Spotify, Revolut, and Skype. Lakestar manages multiple funds across Europe and invests in both early and growth-stage companies with a strong focus on transformative technology sectors. Over the years, it has become one of Europe’s leading venture firms with a reputation for backing ambitious founders building globally scalable businesses.

AlleyCorp is a New York-based early-stage venture firm founded by Kevin Ryan, widely regarded as the "Godfather of NYC tech", who previously served as CEO of DoubleClick (acquired by Google for $3.1B) and co-founded MongoDB, Gilt, Business Insider, and Zola. Originally operating as a family office for three decades, AlleyCorp raised its first institutional fund of $250M in 2023 and has now closed Fund II at $335M, making it one of New York's most significant venture institutions. The firm has eight unicorns in its current portfolio across healthcare, deep tech, and enterprise software.

1885 Capital is a Houghton, Michigan-based early-stage venture firm co-founded by Jim Baker and Vince Nystrom, operating in partnership with Michigan Technological University, an R1 research institution with $124M+ in annual R&D and spinouts including Handshake and Orbion Space Technology. The firm describes itself as the first rural-based, early-stage venture firm launched in the United States since 2018, and is built on the conviction that great companies can be built anywhere, and that the Great Lakes region is significantly undercapitalized relative to its industrial and research output.

Activate Capital is a San Francisco-based growth-equity firm founded in 2017 by David Lincoln, Raj Atluru, and Anup Jacob, investing in the technology backbone of energy, critical infrastructure, and industrial systems. The firm's founders lived through the first cleantech boom and bust of the late 2000s, having co-founded Element Partners ($860M AUM) and DFJ Element, and built Activate's strategy around commercial traction and unit economics rather than pre-revenue technology risk. With the close of Fund III, Activate has crossed $1B in AUM with a portfolio of 10 companies generating more than $3B in cumulative revenue.

Greylock is a Menlo Park-based early-stage venture firm founded in 1965, one of Silicon Valley's oldest and most decorated venture institutions. The firm has been an early partner to some of the defining companies of the internet era, including LinkedIn, Airbnb, Facebook, Workday, Palo Alto Networks, Roblox, Dropbox, Instagram, and Discord. Across its history, Greylock has been involved in more than 100 IPOs and 250 acquisitions. With Greylock 18, the firm formally declares an AI-first mandate, its most significant strategic repositioning in decades.

Omni Ventures is a San Jose, California-based pre-seed venture firm founded by Simon Lancaster and Sabrina Paseman, both former Apple product and manufacturing engineers with over 20 years of combined experience inside global supply chains. The firm is the first dedicated venture fund for manufacturing technology, writing first institutional checks into software, AI, and robotics companies transforming how everything is designed, built, and operated. The founders built a 32,000-person industry network of manufacturing engineers and executives that functions as the firm's proprietary deal-flow engine.

Paradigm is a San Francisco-based multi-stage venture firm founded in 2018 by Matt Huang and Fred Ehrsam, respectively a former Sequoia partner and a co-founder of Coinbase. The firm built its reputation as the most prestigious and technically rigorous investor in crypto, with a research-and-engineering org that ships widely used open-source infrastructure (Foundry, Reth, Centaur) and original security research (EVMbench, co-authored with OpenAI). With Fund III, Paradigm formally expands its mandate beyond crypto to the "technical frontier", adding AI and robotics as first-class investment priorities.

Expeditions is a Warsaw and London-based early-stage defense technology venture firm founded in 2021 by Dr. Mikolaj Firlej and Stanislaw Kastory, both early researchers and pioneers in autonomous warfare and defense technology. The firm is one of Europe's most active investors in defense tech, having backed the majority of the most well-funded defense startups on the continent. Fund I's performance places Expeditions in the top 0.01% of venture funds globally based on Cambridge Associates benchmark data. Fund II closed at more than double its initial target.

B Capital is a New York-based global multi-stage investment firm founded in 2015 by Eduardo Saverin (co-founder of Facebook), Raj Ganguly (former Bain Capital executive), and Howard Morgan (co-founder of Renaissance Technologies and First Round Capital). The firm manages more than $12 billion in assets under management across multiple funds, with offices across nine locations in the US and Asia.

Catalyst Fund is a pan-African pre-seed venture fund and venture builder managed by BFA Global, focused exclusively on climate adaptation and resilience. The fund backs startups building solutions for communities already living with climate change, cold chains, resilient agriculture, clean water, waste infrastructure, and climate fintech, primarily across Nigeria, Kenya, Egypt, and Tanzania. Originally launched as a grant-making accelerator, Catalyst converted to an equity fund model in 2023 and has since built a 28-company portfolio across 10 African markets, with nine follow-on investments completed to date.

Cantos is a San Francisco and Los Angeles-based pre-seed and seed venture firm founded in 2016 by Ian Rountree, built around the conviction that the most consequential companies of this century will be built in and around the physical world.

Climentum Capital is a Copenhagen-based climate hard tech venture firm founded in 2022 by Morten Halborg and Stefan Maard. The firm backs early-stage European hard tech companies building the industrial backbone of a sustainable and resilient Europe, targeting the six sectors responsible for the largest share of CO₂ emissions. Climentum operates as an Article 9-regulated fund and applies a dual carry model that ties partner economics to both financial returns and verified CO₂ savings. The firm maintains teams across the Nordics and Germany, bridging what it describes as Europe's two most complementary innovation regions: the Nordics as a climate innovation hub and the DACH region as Europe's industrial heartland.

Tapestry VC is a London and San Francisco-based seed venture firm founded in 2018 by Patrick Murphy, with audrey miller as co-founder and partner. The firm backs repeat founders, second-time and serial entrepreneurs building again after their first company, across Europe and North America, often before they have a product, co-founder, or company name. Tapestry has been ranked the number one VC in Europe and third in the world for backing seed and pre-seed companies that go on to raise exceptional Series A rounds from top-tier US firms.

Ruya Ventures is a London-based solo GP deep tech fund founded by Rick Hao, former head of Speedinvest's deep tech investment team. At Speedinvest, Hao backed more than 30 companies across AI, battery tech, quantum computing, semiconductors, energy, and robotics. Ruya was named Newcomer of the Year in deep tech at the EUVC Awards in April 2026, before its public launch. The fund closed oversubscribed in under a year, with Hao deliberately capping it at $50M to match a concentrated, hands-on investment model.

Movac is Auckland and Wellington-based venture and growth capital firm founded in 1998, New Zealand's most experienced and longest-running venture capital firm, with nearly three decades of backing Kiwi technology companies. The firm has backed more than 60 companies across its fund history, consistently delivering top-quartile and top-decile returns to investors based on cash returned. Movac Growth Fund 7 is the firm's seventh growth-stage vehicle and its largest to date.

Framework Ventures is a San Francisco-based venture firm founded in 2019 by Michael Anderson and Vance Spencer. The firm built its reputation as one of the first institutional investors to go all-in on decentralized finance, with early conviction positions in Aave and Chainlink that defined the DeFi category. With FVIV, Framework formally repositioned from a crypto-native shop into a frontier-technology firm, expanding its mandate to include AI, robotics, energy, and fintech alongside its foundational digital assets and stablecoins thesis. The firm manages approximately $1.28B in AUM following the FVIV close.

Hoxton Ventures is a London-based seed-stage venture firm founded in 2013 by Hussein Kanji, bringing Silicon Valley-style conviction investing to European tech. The firm is deliberately anti-thematic and partner-only, with no junior investment staff, every company receives direct partner involvement from day one through exit. In ten years, Hoxton has backed 90 companies, produced 3 IPOs and 9 acquisitions, and helped create $4.68B in market cap. The firm ranks in the top 10 globally on the Founders Choice VC leaderboard and is one of five firms selected by NVIDIA to accelerate the UK's AI startup ecosystem.

Senovo is a Munich and Berlin-based venture capital firm founded in 2013, specializing exclusively in European B2B software. Across 12 years and four funds, the firm has made 40+ initial investments, produced 13 exits, and built a portfolio that includes three unicorns. It is one of Europe's longest-running specialist B2B software franchises, and one of the few that has stayed deliberately narrow rather than expanding into a multi-stage, multi-sector platform.

Nucleo Ventures is a Cluj-Napoca, Romania-based early-stage venture fund launched in June 2026, operating as the rebranded successor to Fortech Ventures, the investment arm of Fortech, one of Romania's largest software development companies. The rebrand marks the fund's transition to full institutional independence, anchored by a new $37.5M fund developed in partnership with Romania's North-West Regional Development Agency. Through its predecessor vehicle, the team backed 18 tech startups with $6.6M invested, a reported 29% IRR, and a current portfolio fair value of $9.5M.

Deep33 Ventures is a specialized venture capital firm established in 2026 to address critical infrastructure bottlenecks within the global artificial intelligence boom. The firm focuses on the "US-Israel allied infrastructure corridor," linking Israeli deep tech engineering with American industrial and governmental demand. Deep33 operates on an expert-led model, drawing its leadership from elite military technology units and serial entrepreneur backgrounds to guide companies from the post-research stage to large-scale commercial breakthroughs.

Robin Capital is a Berlin-based solo-GP venture firm founded by Robin Haak. Haak is a German operator-investor who co-founded AI/ML job-matching platform Jobspotting (merged into SmartRecruiters), served as Global COO and Managing Director of SmartRecruiters (scaled past $100M ARR, unicorn, acquired by SAP), and co-created Paris-Berlin growth equity firm Revaia. As an angel, he has backed close to 100 companies, including writing the first check into N26. Fund II's second close in June 2026 marks the firm's continued maturation as one of the more credible solo-GP franchises in European early-stage venture.

Stratos Ventures is an Israeli-American defense tech and resilience venture fund founded in 2026 by Rotem Yehuda Kakon, Aviad Grinfeld, and Daniel Fouzailov, operating between Tel Aviv and Miami. The fund backs pre-seed and seed stage Israeli and Israel-connected founders building technologies that reinforce national security, digital sovereignty, and operational resilience for democratic societies. Stratos has active partnerships with the Israeli Ministry of Defense, the U.S. Department of Defense, and NATO's DIANA accelerator program, and operates in the US in partnership with The LAB Miami, providing portfolio companies with access to DOW, CENTCOM, and the Port of Miami.

Banner VC is an Austin, Texas-based early-stage venture firm co-founded in August 2025 by Brooks Morgan and Adam Ramada, both former prominent staffers at the Department of Government Efficiency (DOGE) under Elon Musk. The firm raised a $225 million debut fund confirmed via SEC filings in June 2026, one of the largest debut venture funds raised in recent memory, alongside a separate $75 million co-investment vehicle used to co-lead a funding round in orbital infrastructure startup Impulse Space.

Draper Associates is a San Mateo-based early-stage venture firm founded by Tim Draper in 1985, one of the longest-running venture franchises in Silicon Valley history. The firm spun out of DFJ in 2014 and relaunched as Draper Associates with outside investors, maintaining an unwavering strategy across 41 years: find the iconoclastic founder looking at a broken industry and back them before anyone else believes in what they are building. With $2B in AUM and 60+ unicorns across its history, the firm has invested in more than 320 companies across AI, blockchain, biotech, aerospace, and frontier technology.

Norrsken Launcher is a Stockholm-based early-stage deep tech impact fund and part of the Norrsken Foundation ecosystem, one of Europe's leading impact-oriented venture organizations founded by Klarna co-founder Niklas Adalberth. Unlike conventional VC funds, Norrsken Launcher operates a concentrated portfolio model, taking deep operational involvement in a small number of companies for three to nine months to build teams, accelerate commercialization, and support their path from breakthrough science to scalable business. The firm focuses exclusively on researchers and engineers who have developed proven deep tech innovations but lack the operational infrastructure to commercialize them. Fund II closed oversubscribed at ~$88M in June 2026, its hard cap, with almost all Fund I investors reinvesting.

Pachamama Ventures is a San Francisco Bay Area-based pre-seed venture fund founded by Karen Sheffield. The firm is built on the thesis that the physical economy, historically the largest source of global carbon emissions, is now the largest untapped opportunity in technology investing. Sheffield calls this the Second Industrialization: the reindustrialization of the physical world through breakthrough materials, energy systems, and industrial platforms. She brings 16 years of Fortune 100 operating experience across Visa, PepsiCo, and American Airlines, and offers portfolio companies direct access to Fortune 500 procurement and commercial relationships as a core part of the investment model.

Seedcamp is a London and New York-based seed venture firm founded in 2007 by Reshma Sohoni and Carlos Espinal, Europe's original first-check institutional investor. Over nearly two decades, Seedcamp has backed more than 550 companies, built 12 unicorns, and produced some of the strongest fund returns in European venture.

MoE Capital is a San Francisco-based pre-seed and seed venture fund founded by Henry Yin and Naomi (Yue) Xia, both co-founders of AGI House, the Bay Area AI research community and founder house that has been a proximity hub for frontier AI researchers and builders. MoE stands for Mixture of Experts, the architecture behind today's most powerful AI systems. The fund is deeply embedded in the communities where new AI categories emerge; frontier researchers, technical founders, AI-native builders, and operators.

Anterra Capital is an Amsterdam and Boston-based venture firm founded in 2013 by Adam Anders, Philip Austin, and Maarten Goossens, the first transatlantic agrifoodtech fund. The firm invests in and builds companies applying life science and biotechnology innovations and digital solutions to the global food and agriculture system, from farmer to consumer. Anterra manages over $500M across three funds and co-founded F&A Next with Rabobank and Wageningen University, Europe's leading annual agrifoodtech gathering.

Angel Invest is a Berlin-based super angel fund and one of the most active early-stage investors in Europe, backing approximately 75 startups per year with first checks of ~$138K. Founded by Jens Lapinski and Oliver Clasen, the firm has invested in more than 250 companies across its fund franchise. Every partner has founded and exited a company, and the firm commits to at least one year of coaching with every portfolio company post-investment.

Kindred Ventures is a San Francisco-based early-stage venture firm founded in 2014 by Steve Jang. The firm is led by Jang and Managing Partner Kanyi Maqubela, and is built on a concentrated, high-conviction model that prioritizes being a founder's first call — offering hands-on, coaching-oriented partnership rather than passive capital. Kindred backs roughly 25 companies per fund cycle, taking meaningful initial ownership and actively supporting founders through follow-on fundraising and company building. The firm's track record includes early positions in Uber, Coinbase, Postmates, and Blue Bottle Coffee, category-defining, contrarian bets that define Kindred's pattern recognition. With the announcement of $355M across two new vehicles in June 2026, Kindred has completed its largest raise to date.

Creator Fund is a London-based deep tech venture fund founded in 2019 by Jamie Macfarlane, built on the conviction that Europe's most transformative companies will be founded by scientists, and that reaching them before anyone else requires being embedded on campus. The firm operates the largest student-backed VC model in Europe, recruiting 40 Venture Fellows annually from ~450 applicants across 30 universities in 10 countries, each receiving carried interest and trained to identify PhD founders with commercial potential before they have a pitch deck, a co-founder, or a company name.

Merantix Capital is a Berlin-based venture capital firm founded in 2016 by Dr. Rasmus Rothe and Adrian Locher. It operates as part of the wider Merantix group, Europe's largest AI community organisation, and combines a venture studio, a direct investment fund, and an extensive corporate and institutional LP network. The firm partners with founders from pre-idea through seed stage, with a thesis that AI's biggest winners will be companies embedding intelligence directly into critical industrial workflows, not primarily those building models. The ~$113M USD AI Fund, closed in June 2026, is Merantix Capital's largest fund to date, nearly three times the size of its 2020 ~$38M USD debut vehicle. It is one of the largest dedicated early-stage industrial AI funds raised in Germany in 2026, backed entirely by corporate and institutional LPs rather than government capital.

R1 Capital is a Columbus, Ohio-based venture firm that launched in June 2026 as a standalone entity spun out of Rev1 Ventures, one of the nation's top venture studios. The firm was originally the investment arm operating within Rev1 Ventures, and now operates with its own brand, funds, and investment strategy while continuing to work alongside Rev1's studio infrastructure.R1 focuses on backing founders in enterprise AI/software, deep tech, and life sciences who are solving complex, real-world problems in large but undercapitalized markets, with a particular emphasis on companies emerging from the Midwest. The team has invested together for over a decade across multiple fund cycles, with a combined portfolio history of more than 150 startups supported.

Version One Ventures is a Vancouver and San Francisco-based early-stage venture capital firm founded in 2012 by Boris Wertz, one of Canada's most prominent technology investors. The firm backs mission-driven founders building generational technology companies, typically before their category is obvious or fully formed. Over more than a decade, Version One has invested in over 116 companies, including 6 unicorns, with significant wins across SaaS, marketplaces, crypto, deep tech, and consumer internet. With Fund V and Opportunities Fund III, Version One has raised $108 million across two new vehicles and continues to evolve its focus alongside major technological shifts.

Longwall Venture Partners LLP is a UK specialist deeptech venture capital firm founded in 2008, based on Harwell Science and Innovation Campus in Oxfordshire. Over nearly two decades, the firm has built a track record of turning complex, early-stage UK science and engineering research into commercially viable global businesses, investing across life sciences, physical sciences, advanced manufacturing, clean energy, and defence and aerospace. Longwall has backed more than 50 deeptech companies across its four funds.The firm's first fund, Oxford Technology ECF LP (OTECF), was one of the first investors in OrganOx when it spun out of Oxford University in 2008. OrganOx was acquired by Terumo Corporation in 2025 for over $1.5B, the largest acquisition of an Oxford University spinout to date, delivering a 19.2x return for Longwall's investors. OTECF has to date returned 6x to private LPs across five exits.

Lansdowne Partners is a London-based investment management firm founded in 1998, known for fundamental equity investing across long-only and hedge fund strategies. In May 2026, the firm launched its first dedicated venture capital fund, a significant strategic expansion into early-stage investing, backed by the firm's existing track record as an informal early funder of the UK innovation ecosystem over the past decade. The VC fund is built on a core conviction that UK intellectual property is systematically undervalued relative to international peers, and that a concentrated, institutionally-backed vehicle deploying substantial capital with disciplined strategic guidance can bridge the persistent gap between early-stage UK innovation and global commercial scale.

neoteq ventures is a Cologne-based early-stage venture capital firm founded in 2020 by B.J. Park and Simon Schneider. The firm invests in technology startups from pre-seed through Series A across Germany, with a strong regional focus on the Rhineland, the startup ecosystem spanning Cologne, Bonn, Düsseldorf, and surrounding areas. The firm's first fund backed 17 companies, approximately 80% of which are based in the Rhineland, and the second fund continues this strategy with an expanded mandate shaped by the AI transition.

Loom Ventures is a Vienna-based early-stage corporate venture fund launched in May 2026 by STRABAG, one of Europe's largest infrastructure and construction groups. The fund is operated through STRABAG Venture Capital GmbH, a wholly-owned independent subsidiary endowed with ~$52.8M USD (€48M) in initial share capital, and is positioned as a purely financial investor with no strategic mandate, an unusually founder-friendly structure for a corporate vehicle. The fund targets European InfraTech.

Transition Ventures is a London-based early-stage venture capital firm founded in 2021 by David Helgason, co-founder and former CEO of Unity Technologies, which went public at a $13.7 billion valuation in 2020. The firm was originally built around the Stockholm Resilience Centre's Planetary Boundaries framework as a climate-first investment thesis. With Fund II, the firm has reframed its mandate around what Helgason describes as "physical AI", backing companies rebuilding real-world systems at the intersection of artificial intelligence and industrial infrastructure. Fund II takes total assets under management above $300 million. The firm's team has founded and scaled companies worth over $15 billion collectively across software, hardware, and deep tech.

byFounders is a Copenhagen and Stockholm-based community-powered early-stage venture capital firm founded in 2017 by Eric Lagier and Tommy Andersen. The firm invests in globally ambitious, impact-aware technology founders with connections to the Nordic and Baltic countries, combining institutional capital with the byFounders Collective, a curated group of 40+ of the most accomplished Nordic and Baltic founders and operators who actively share knowledge and experience to support portfolio companies. Fund III, closed at $148 million, is byFounders' largest fund to date.

Cleo Ventures is a Paris-based AI-specialist venture capital firm founded in 2025 by Antoine Veret and Maxime Le Dantec. The firm invests exclusively in AI-native companies at pre-seed and seed across Europe, often before product or team exists. Cleo is the successor to Resonance, a predecessor angel-investing vehicle through which the founders built a track record including MatX, Fintool (acquired by Microsoft), DeepIP, Animaj, Lightdash, GitGuardian, and Alice & Bob. With Fund II, Cleo has established itself as one of the highest-conviction AI-only early-stage funds in Europe.

Skybound Venture Capital is an Athens-based founder-led early-stage venture capital firm founded in 2025, focused exclusively on deep tech. The firm was founded by Thaleia Misailidou, previously at Marathon Venture Capital and active in the Greek deep tech ecosystem, and George Varvarelis, co-founder of Augmenta, which was acquired by CNH Industrial. Skybound invests globally with European roots, backing technically ambitious founders building defensible technologies with long-term industrial and societal impact.

Playground Global is a Palo Alto-based early-stage venture capital firm founded in 2015, focused exclusively on deep technology. The firm backs founders turning foundational advances in science and engineering into commercial, industrial, and societal impact, from new compute architectures and semiconductor materials to energy infrastructure and advanced manufacturing. With Fund IV, Playground manages over $1.2 billion across four funds. The firm's central conviction is that too much venture capital has drifted into software abstraction while underinvesting in the physical, engineered world.

Surround Ventures is an Israeli-American early-stage venture capital firm investing in deep tech startups, with a focus on companies founded by alumni of Israel's elite military technology units and leading academic institutions. The firm operates at the intersection of Israeli defense and academic innovation, and supports portfolio companies globally through business development and strategic positioning. The firm manages two funds and has received backing from the Israel Innovation Authority's Deep Tech Venture Capital Program.

The Arāya Sie Fund is a UK-based investment vehicle launched by Triin Linamagi's Sie Ventures and Rupa Popat's Arāya Ventures, targeting female founders building in AI, deeptech, fintech, healthcare, and sustainability sectors. The launch comes against the backdrop of a persistent funding gap in venture capital, despite growing momentum across the European startup ecosystem, women founders still receive less than 2% of total venture funding in the UK and Europe. More than half of the fund's limited partners are women, a remarkably high proportion for the venture capital industry, in what the managers describe as a deliberate effort to broaden participation in the VC asset class as well as improve access to funding for female founders.

​Founders Fund is a San Francisco-based venture capital firm established in 2005 by Peter Thiel, Ken Howery, and Luke Nosek. With approximately $12 billion in assets under management as of 2023, the firm is renowned for backing transformative technologies and has been instrumental in the early funding of companies like SpaceX, Palantir Technologies, and Facebook.

Unconventional Ventures is a Copenhagen-based impact venture firm founded by Thea Messel and Nora Bavey, built to challenge structural bias in venture capital and demonstrate the economic value of backing underrepresented founders. The firm backs pre-seed and seed stage companies founded by women, people with immigrant backgrounds, and LGBTQ+ entrepreneurs across the Nordics and Europe. All-women founding teams have historically received 1–2% of VC funding; founders of color less than 0.5%, Unconventional Ventures was built to redirect capital toward this structurally underserved pool.

Off Piste Capital is a Stavanger, Norway-based solo GP venture firm founded in 2026 by Max Samuel. Samuel spent seven years at Thiel Capital, Peter Thiel's private investment office in San Francisco and Los Angeles, before moving to Norway in 2020 and joining SNÖ Ventures as General Partner for five years, where he invested across the Nordics and Europe. Off Piste is built around a distinctive sourcing position: deep embeddedness in the Thiel ecosystem, including PayPal Mafia, Thiel Fellowship, Founders Fund, SpaceX, Palantir, and Anduril alumni networks, combined with on-the-ground proximity to European founders who want a direct line to US capital, customers, and talent.

Earlybird Venture Capital is a pan-European early-stage VC firm founded in 1997, with nearly three decades of investment experience across technology, deep tech, and life sciences. With the close of Fund VIII at €360 million, its largest fund to date, the firm manages €2.5 billion in assets.

Herbert Ventures is a pre-seed and seed-stage venture capital firm launched in 2026 out of Zurich, Switzerland. Founded by Luis Huber and Ben Simon, the firm backs exceptional European founders at the earliest stages with a deliberately industry-agnostic approach. Herbert operates on the conviction that venture outcomes are driven by people, and that the strongest founders often build in spaces before the category exists.

Sequoia Capital is a legendary venture capital firm founded in 1972 by Don Valentine and headquartered in the United States. Over five decades, it has become one of Silicon Valley’s most influential investors, known for backing transformative companies such as Apple, Google, Airbnb, Stripe, and Nvidia at their earliest stages. The firm manages multiple funds across geographies and stages, maintaining its long-standing philosophy of partnering with outlier founders to build generational companies.

Bondstone Ventures is the venture capital arm of Bondstone, a Lisbon-based private equity firm founded in 2016 that manages over €1 billion in development value across real estate and investment activities. Launched in 2026, Bondstone Ventures focuses on early-stage deeptech companies in Southern Europe and the broader European market, combining financial expertise with scientific and technical knowledge to support research-driven startups.

Empirical Ventures is a Bristol-based venture capital firm co-founded by Dr. Ben Miles (PhD, Physics) and Dr. Johnathan Matlock (PhD, Chemistry), two scientists who first worked together at Ziylo, a University of Bristol spinout acquired by Novo Nordisk in a deal valued at more than $800 million. The firm backs what it calls venture scientists: PhD founders with deep technical expertise navigating the transition from academic research to commercial operation.

Overmatch Ventures is an Austin-based early-stage venture capital firm founded in 2023 to back founders building deep tech, defense, and space technologies. With more than $500 million in assets across its fund vehicles and co-investments, the firm operates at the intersection of advanced commercial innovation and the U.S. national security mission, backing founders it views as critical to the outcome of the global competition among superpowers.

Pax VC is a San Francisco-based early-stage venture capital firm founded in 2026 by Michelle Volz, formerly a Partner on the American Dynamism team at Andreessen Horowitz. Fund I closed at $50 million in March 2026, oversubscribed, raised in approximately 12 months by a solo GP. The firm is built around a thesis the firm calls Pax Technica: that the next era of American global leadership will be rooted in technical superiority of the physical world, not software-on-software optimization. Pax backs founders building in defense, energy, manufacturing, aerospace, robotics, logistics, space, and critical infrastructure, sectors that represent the largest portions of GDP but have historically been avoided by venture because of regulatory complexity and long development cycles.

360 Capital is a French-Italian venture capital firm founded in 1997 with offices in Paris and Milan. With €700 million in assets under management and over 170 company investments, the firm specializes in early-stage deeptech and digital companies, focusing on transforming European research into globally competitive businesses.

Entrepreneurs First is a global talent investor founded in 2011 by Alice Bentinck and Matt Clifford, originally in London and now operating from San Francisco, London, Paris, Bangalore, and New York. Rather than investing in existing companies, EF backs exceptional individuals before they have a team or idea, bringing them together to form co-founder pairs and build startups from scratch. The combined portfolio of companies built through EF is now valued at over $16 billion.

Time4 is a French pre-seed and seed fund launched in 2024 as an alliance between VC firm daphni, nonprofits Les Déterminés and Live for Good (Entrepreneurs for Good), and HEC Paris. The fund was created to address a documented gap in French venture capital: most VC-backed founders are Paris-based and come from a small number of elite schools, leaving vast entrepreneurial talent across rural regions, priority neighborhoods, and non-traditional backgrounds without access to early capital.

Breakout Ventures is a San Francisco-based venture capital firm founded in 2016 that backs scientist-entrepreneurs building companies at the intersection of technology, biology, chemistry, and materials. With over $230 million under management across three funds, the firm positions itself as the first institutional check for founders who are PhDs commercializing their own research or deep-domain operators who understand the science behind their company.