European VC Funds

Ninepointfive, also trading as 9.5 Ventures, is a corporate-backed venture capital firm founded in 2019 and headquartered in Antwerp, Belgium. It claims to be Europe's first VC firm investing exclusively alongside corporate partners — a model where every investment is co-sponsored by a strategic corporate that contributes industry expertise, market insight, and customer access in addition to the firm's capital. The firm was co-founded by Founding Partner Paul van Emmerick, who brings 20-plus years as a CEO across corporates, consultancies, and investment firms, and Pieter Van de Velde. Corporate partners and co-investors include Beiersdorf, Telenet, and Agfa. Ninepointfive operates two flagship fund strategies with combined AUM of approximately EUR 35 million. 'One' accelerates the digitisation of Europe's industrial value chain, while 'Tidal' focuses on the energy transition across maritime, ports, and offshore shipping. The firm writes pre-seed to Series A checks of EUR 500,000 to EUR 3 million-plus, with sector coverage spanning B2B SaaS, cleantech, energy, hardware and robotics, and digital transformation. Public portfolio highlights include MakerVerse, an on-demand manufacturing marketplace that raised a EUR 9.4 million Series A with Ninepointfive participating; Eccocar, a B2B SaaS digitising car rental operations; Lissi, a self-sovereign identity and verifiable credentials platform; and Heylog, a logistics communication SaaS that raised a EUR 3 million pre-seed in June 2022 with KUBIKx and Ninepointfive. The total portfolio spans approximately 20 companies. The corporate co-investment model gives Ninepointfive's portfolio companies a practical advantage that extends well beyond capital: immediate access to enterprise buyers, pilot opportunities, and procurement relationships that independent VCs rarely control.

NLC Health Ventures is an Amsterdam-based healthtech venture builder and investment fund founded in 2014 by Bert-Arjan Millenaar, who continues to lead the firm as Founder and CEO. NLC describes itself as the world's largest healthtech venture builder and, since 2023, has been recognized as the most active early-stage healthcare investor in its category. The firm operates across Europe and the United States, co-founding companies from scientific invention through to clinical deployment in biotech, medtech, digital health, and what NLC terms green health. NLC's model is entrepreneurial at scale: each year the firm assesses more than 1,500 scientific inventions submitted by universities, academic hospitals, and corporates across 40-plus countries, then selects 20 to 25 to spin out as new ventures. In 2024 alone NLC launched 20 new companies and secured a record EUR 43.6 million in funding across the portfolio. Across more than a decade the firm has co-founded over 110 ventures — 76 active as of 2024 — impacting more than 2 million patients. The flagship vehicle today is the NLC Health Impact Fund, an Article 9 SFDR-classified fund targeting EUR 100 million with follow-on capacity of up to EUR 9 million per company through Series A and B. Notable portfolio ventures include Nicolab, an AI-driven stroke treatment platform, and Concord Neonatal, a shock-free birth technology originating from Leiden University Medical Centre. NLC is a certified B Corp aligned to UN Sustainable Development Goals 3, 9, and 17. With more than 80 staff — including 40-plus healthcare specialists — the firm provides portfolio companies with regulatory, product development, and clinical trial support. Strategic partnerships include Minnesota MedTech 3.0, announced in February 2025, which connects European startups to the Minnesota medtech corridor.

No Label Ventures (NLV) is a London-based European pre-seed and seed-stage venture capital fund founded in 2022 and publicly launched in March 2023. The fund is led by solo General Partner Ramzi Rafih, whose family fled Lebanon during the civil war. Rafih began his career at J.P. Morgan and spent more than a decade as a late-stage investor at KKR and Silver Lake before transitioning to VC; approximately one-third of NLV's fund is anchored by his former KKR colleagues. NLV focuses exclusively on Europe and is positioned as the first institutional backer specifically for immigrant entrepreneurs, providing first cheques from day one before a lead VC commits. The fund writes tickets of $150,000 to $250,000, with the ability to upscale via LP co-investment. It is sector agnostic across SaaS, developer tools, SMB software, AI, biotech, agtech, climate tech, marketplaces, fintech, and therapeutics. Across nine disclosed investments, portfolio companies include Spore.Bio, which produces FMCG quality-control devices; Callyope, a speech-based remote patient monitoring company that raised a EUR 2.2 million round; Pangea Bio; Zango; Nozomio Labs; and POSTX. Several NLV-backed companies have gone on to raise from Sequoia Capital and other leading European and US firms. NLV's thesis rests on a documented investment inefficiency: immigrant founders in Europe typically raise at 14 percent lower valuations with 24 percent less funding, yet outperform better-capitalised peers by up to 70 percent. By providing unconditional first capital, visa and immigration workflow support, customer introductions, and downstream fundraising guidance, NLV offers a package of support that extends well beyond the cheque itself.

No Such Ventures is an Amsterdam-based European venture capital firm founded in 2018 with a deal-by-deal fundraising model designed to democratize access to the VC asset class. Rather than raising a pooled fund with a fixed LP pool, the firm syndicates capital separately for each investment from a well-connected network of angels and family offices, matching each investor's specific interests to the company at hand. The firm leads rounds and focuses on European scale-ups with proven teams or products ready to scale, writing cheques ranging from EUR 1.5 million to EUR 8 million per deal. Sector coverage spans B2B, B2C, energy, financial services, advertising technology, advanced manufacturing, audio technology, AI, big data, and climate tech. As of November 2024, No Such Ventures had invested in 16 companies, with 3 new investments made during 2024. The firm leads rounds and notable portfolio companies include Magic Lane, an Amsterdam and Romania-based privacy-friendly mapping and location platform that received a EUR 3 million lead round in May 2024; Trustoo, an Amsterdam-based local-services marketplace that received a follow-on in August 2023; TAGGRS, the most recent first-time investment in November 2024; and Vendora.gr. The firm is staffed by approximately 10 people including 2 partners, with notable team members including Thijn van Helvoirt, Reinder Lubbers, Merel Kraaijenbrink, and Arjan Griffioen. The deal-by-deal model is both No Such Ventures' structural differentiator and its value proposition to LPs: investors commit to specific companies they find compelling rather than to a blind pool, creating a more direct alignment of interests between capital and conviction.

NGP Capital, founded in 2005, is a venture capital firm based in Palo Alto, California. The firm has a significant global presence with offices in Berlin, Helsinki, and Geneva, and focuses on early growth investments in B2B sectors such as cybersecurity, industrial technology, deep tech, robotics, supply chain, and data infrastructure. NGP Capital typically invests $10-15 million in the first round, aiming for a 10-15% ownership stake and an active role in their portfolio companies. The firm manages over $1.6 billion in assets and uses a proprietary AI-powered platform, "Q," to identify and evaluate investment opportunities globally. This system scans and ranks more than 2 million companies, helping NGP make data-driven investment decisions. NGP Capital has invested in more than 100 companies, with notable exits including UC Mobile, acquired by Alibaba for $3.8 billion, and Ganji, acquired by 58.com for $3.6 billion. Other significant portfolio companies include PubMatic, Deliveroo, and Moovit. Their investments are geographically diverse, with 27% in Europe, 38% in the US, and 35% in Asia. The firm continues to leverage its partnership with Nokia, focusing on strategic investments that align with Nokia's innovation framework around 5G and related technologies. This partnership allows NGP Capital to combine financial discipline with technological insights, driving growth and strategic value in their portfolio.

NOON Ventures is a Copenhagen-based early-stage venture fund, launched in 2020 by Caspar Høgh and Theis Malmborg. The fund focuses on investing in transformative technologies that tackle environmental and climate challenges. With a hands-on approach, NOON Ventures works closely with its portfolio companies, acting as co-developers to support long-term growth. Their sectors of interest include biotech, clean energy, manufacturing, and sustainability, specifically targeting companies in Northern Europe. The fund typically leads or co-leads investments, with check sizes ranging from €2-5 million. Its notable investments include Spectro Inlets, Enduro Genetics, and Lotus Microsystems, all working on innovative solutions in sustainability and tech. NOON Ventures emphasizes its commitment to limiting the number of investments, ensuring they can deeply engage with each startup across strategy, talent acquisition, and customer growth. NOON Ventures has made sustainability central to its mission, and its investments align with this philosophy, aiming to contribute to the UN's Sustainable Development Goals. Entrepreneurs with proven technology and a passion for environmental impact will find an ideal partner in NOON Ventures, especially if they seek more than just financial backing.

Noosphere Ventures Partners LP is a Menlo Park, California-based space-focused asset management firm founded on June 4, 2014 by Ukrainian-American entrepreneur Dr. Max Polyakov. The firm takes a vertically integrated approach to NewSpace investing — combining capital, engineering expertise, and operational resources to assemble a complete space-mission stack aimed at making access to space faster and more affordable. Across the broader Noosphere network, more than 2,000 specialists operate from offices worldwide. The firm leads rounds and invests across seed, Series A, and Series B stages in companies spanning launch vehicles, satellites, satellite data and analytics, space propulsion, in-space logistics, and applied AI for Earth observation. Noosphere has made approximately 16 disclosed portfolio investments. Flagship positions illustrate the integrated thesis: Firefly Aerospace, re-created in 2017 after Noosphere acquired the assets of the bankrupt Firefly Space Systems and subsequently raised nearly $200 million; EOS Data Analytics (EOSDA), founded 2015, with proprietary radar and optical satellite constellations; Space Electric Thruster Systems (SETS), producing electric propulsion engines; D-Orbit, an in-space logistics company; and Dragonfly Aerospace, a South African satellite imaging company whose Mantis camera was deployed on Botswana's first national satellite in 2025. Noosphere also invests in hardware and robotics adjacent to the space economy. In 2024 the US Department of the Treasury cleared Dr. Polyakov to resume investment in the US space sector after a multi-year pause. Beyond financial returns, Polyakov funds the Noosphere Engineering School and the Vernadsky Challenge to develop Ukrainian engineering talent — an initiative that reflects the fund's broader commitment to building the human infrastructure of the space economy.

Nordic Alpha Partners (NAP) is a Copenhagen and Munich-based growth equity fund specializing in scaling industrial GreenTech companies. Established in 2017, NAP manages over €275 million across its funds, focusing on helping visionary founders expand their operations from local players to global leaders. The firm’s unique operational approach emphasizes active engagement, with partners working closely with portfolio companies for up to a year before formal investment. This de-risks ventures and supports rapid, capital-efficient growth. NAP's investment strategy is rooted in sustainability, specifically targeting “dark green” companies that contribute to the global green transition. NAP's impact is demonstrated by the abatement of over 1.1 million tonnes of CO2 and the creation of more than 700 jobs across its portfolio. Notable investments include AquaGreen, which revolutionizes biomass pyrolysis for energy and nutrient recovery, and Green Hydrogen Systems, a leader in the green hydrogen revolution. With strong backing from investors like Allianz Global Investors, Novo Holdings, and KfW Capital, NAP has emerged as a leader in the GreenTech space. Their approach is supported by an extensive value-creation toolkit, which guides companies through the complexities of scaling capital-intensive technologies. NAP also fosters future GreenTech leaders by collaborating with academic institutions, including the Technical University of Denmark. Committed to economic sustainability, NAP helps fuel the growth of next-generation companies that drive the global green transformation while ensuring long-term financial success for their investors.

Nordic Eye Venture Capital is a Danish venture and growth capital firm headquartered in Copenhagen, with additional presence in San Francisco and Zurich. Founded in 2016, Nordic Eye focuses on investing in early-growth companies within the tech and lifestyle sectors. The firm is known for its strategic investments in high-potential companies that have demonstrated product-market fit and scalability. Notable investments in their portfolio include MATE, a company revolutionizing the e-bike market; Bellabeat, a health tech company; and AirHelp, which assists air passengers in claiming compensation for delayed flights. Other significant investments are in companies like Blue Ocean Robotics, known for developing service robots, and Organic Basics, a sustainable fashion brand. Nordic Eye's investment strategy involves not just providing capital but also actively supporting their portfolio companies through their growth stages. They prefer to enter investments once a company has proven its product-market fit and aim to exit when the company has demonstrated its scalability​. The firm is committed to responsible investing, integrating Environmental, Social, and Governance (ESG) policies with their business strategy to ensure sustainable business practices that lead to long-term success​.

NFT Ventures, established in 2014 and based in Stockholm, is a prominent venture capital firm specializing in fintech investments. The firm has carved out a niche within the Nordic fintech ecosystem, backing startups that are transforming the financial industry through innovative technologies. NFT Ventures focuses on a broad range of fintech verticals, including regtech, insurtech, and more, investing in companies that have significant scalability and growth potential. NFT Ventures is an active investor, often taking board seats to provide strategic guidance and operational support to its portfolio companies. The firm has built a diverse portfolio of around 40 companies, including notable names like Gimi, a financial education app for children, and Lunar, a modern digital bank. Their approach extends beyond mere financial investment; they leverage their extensive network and deep industry expertise to help their portfolio companies succeed. With a strong presence in Northern Europe, NFT Ventures is well-positioned to continue driving fintech innovation across the region.

Nordic Makers, established in 2016, is an early-stage investment firm founded by a group of experienced angel investors from the Nordic region. The firm focuses on seed and early-stage investments, primarily in technology-driven startups across the Nordics and Europe. Their investment philosophy centers on providing founder-friendly terms and leveraging their extensive network to support entrepreneurial growth. Notable investments by Nordic Makers include Labster, a leading provider of virtual science labs; Seaborg Technologies, which is developing sustainable nuclear reactor technology; and NextMind, which creates brain-sensing wearable devices for real-time device control. Other significant investments include Willa Pay, Helix Nano, LetsBuild, Singa, and Climateview​. The firm’s founding partners, such as Klaus Nyengaard, Esben Gadsbøll, and Alexander Aghassipour, bring a wealth of experience from successful ventures like Just Eat, WhiteAway, and Zendesk. They focus on fostering cross-border investments and integrating the Nordic and Baltic startup ecosystems.

Norrsken VC is a prominent European venture capital firm focused on impact investing, founded in 2017 in Sweden. The firm supports startups that address significant global challenges while aiming for substantial financial returns. Norrsken VC specializes in sectors such as climate tech, energy, biotech, AI, and health tech, ensuring each investment aligns with the UN Sustainable Development Goals (SDGs)​​. Norrsken VC's portfolio includes high-impact companies like Northvolt, a battery manufacturer; Einride, which develops electric autonomous transport; and 1KOMMA5°, focused on sustainable energy solutions. These companies exemplify Norrsken's commitment to backing startups that positively impact both people and the planet​. The firm recently closed its second fund at €320 million, surpassing its original target of €250 million, making it the largest early-stage generalist impact fund in Europe. This fund is supported by major institutional investors, including Folksam, AP1, and the European Investment Fund (EIF), and aims to empower "force of nature" founders to create impact unicorns​. Norrsken VC's team comprises experienced venture capitalists and industry experts, including General Partners Niklas Adalberth, Tove Larsson, Agate Freimane, and David Frykman. The team is dedicated to finding visionary founders across Europe who share their passion for creating a better future through innovative solutions​.

North Bridge Venture Partners, founded in 1994 and based in Wellesley, Massachusetts, is a venture capital firm that provides seed-to-growth financing. The firm focuses on several key sectors, including communications and infrastructure, software, materials, healthcare, and digital media. North Bridge Venture Partners supports companies from their initial stages through to becoming market leaders, leveraging a combination of operational experience and strategic guidance​. The firm has made over 479 investments and has achieved 183 exits. Notable portfolio companies include Couchbase, Markforged, and Lyra Therapeutics. North Bridge has a significant presence in the U.S. market, focusing primarily on early-stage and growth-stage companies operating in healthcare and information technology sectors​. North Bridge is led by a team of experienced professionals, including founder and managing partner Edward Anderson and general partners Richard D'Amore and Jeffrey McCarthy. The firm's strategy emphasizes investing in exceptional entrepreneurs whose ideas have the potential to disrupt their respective industries.

The North West Fund is a £155 million investment fund aimed at supporting small and medium-sized enterprises (SMEs) in the North West of England. Managed by North West Business Finance Limited, an independent private sector company, the fund was established to address gaps in lending, venture capital, and private equity markets. The fund has been fully invested, supporting over 443 businesses and creating more than 6,300 jobs in the region. The fund comprises several sub-funds, each managed by different fund managers, providing a range of financial support from equity investments to loans. These sub-funds include The North West Fund for Venture Capital, Mezzanine, Loans Plus, Micro Loans, Energy and Environmental, Biomedical, and Digital and Creative. These funds have been instrumental in facilitating the growth and expansion of innovative businesses across various sectors. The North West Fund has a strong team of experienced professionals, including Cliff Maylor (Chief Executive Officer), Neil Morrey (Chief Operating Officer), and Mike Kenyon (Chief Financial Officer). The fund's governance is supported by an independent Board and an Investment Advisory Panel with expertise in private equity, venture capital, and the targeted sectors.

North-East Venture (NEV) is a multi-stage venture capital fund based in Hellerup, just north of Copenhagen, Denmark, established in 2013 as the venture-investing arm of the North-East Family Office. The family office was founded by Winnie Liljeborg and Per Algot Enevoldsen — the co-founders of the Danish jewellery brand Pandora — and is today owned by Winnie Liljeborg and her son Christian Algot Enevoldsen. NEV is led by CEO Martin Lumbye and operates deliberately small, drawing on a group of financially strong, patient investors with long time horizons. NEV invests in both Danish and global growth companies across fintech, e-commerce and online marketplaces, consumer lifestyle, AI, and virtual and augmented reality, with cheque sizes typically ranging from $250,000 to $5 million. The fund is flexible across stages — from seed through Series B — and counts between 25 and 43 investments depending on data source. Portfolio companies include Hufsy; Rokoko, a motion-capture hardware and software company; Iconfinder, NEV's only disclosed acquisition exit to date; Hyme, the firm's most recent first-time investment; and Synergy. Most recent disclosed activity was a March 2025 investment in Notify, a business productivity software company. NEV explicitly values founders who combine creativity, hard work, and a rigorous understanding of value creation — a standard set by the Pandora founders themselves, who built one of the world's best-selling jewellery brands from a Copenhagen goldsmith shop. The family office structure gives NEV the patience to support companies through extended development cycles without the fund-lifecycle pressure common to institutional vehicles.

Northern Gritstone is a venture capital firm established in 2020, focused on commercializing cutting-edge science and technology emerging from the North of England. With headquarters in Manchester and strong ties to the Universities of Manchester, Leeds, and Sheffield, Northern Gritstone primarily invests in early-stage companies that originate from these institutions or are based in the region. The firm manages a substantial fund, recently closing at £312 million, to support startups in sectors like deep technology, life sciences, healthcare, and advanced materials. Northern Gritstone's investment strategy is driven by a philosophy of "profit with purpose," aiming to generate financial returns while also contributing to the economic development of the North of England. Northern Gritstone has already made significant investments in companies such as Optalysys, a photonic chip firm, and AssetCool, which develops advanced coatings for industrial applications. The firm is committed to fostering a tech ecosystem in the region, aspiring to create a "Silicon Valley of the North" by backing visionary companies with strong intellectual property and high growth potential.

Northstar Ventures is a UK-based venture capital firm focused on early-stage investments that create a positive social or environmental impact. With a portfolio that spans tech innovation and social enterprises, the firm emphasizes sectors like climate tech, biotech, and healthy aging. Their notable investments include Newcells Biotech, which develops in vitro organ models for drug testing, and NunaBio, a leader in DNA synthesis technology crucial for personalized medicine and data storage solutions​. Geographically, Northstar Ventures primarily focuses on startups in the North East of England but also supports businesses across the UK. They invest through funds such as the North East Innovation Fund and the Northstar EIS Growth Fund, with typical early-stage investments ranging from £300,000 to £1 million​. Their hands-on approach includes extensive support for founders, particularly in sectors that align with sustainability goals, like Low Carbon Materials, which develops environmentally friendly construction materials. Northstar also backs social impact ventures, such as Coping with Cancer North East, reflecting their commitment to community well-being alongside technological innovation.

Northzone, established in 1996, is a multi-stage venture capital fund investing in companies from Seed to Growth stages across Europe and the US. With a notable portfolio that includes companies like Spotify, Klarna, Trustpilot, and Kahoot!, Northzone has built a reputation for backing category-defining entrepreneurs. In 2022, Northzone raised €1 billion, emphasizing its commitment to supporting innovative startups that can thrive amidst global challenges. The firm’s investment strategy spans various sectors, including fintech, healthtech, SaaS, and consumer technology. Northzone typically writes checks between €1 million and €40 million, allowing them to support companies through multiple stages of growth, from initial funding to pre-IPO. Their approach is characterized by a focus on founders with conviction, a willingness to embrace risk, and a dedication to long-term partnerships. Northzone’s team operates across major cities like New York, London, Stockholm, Amsterdam, and Berlin, reflecting their "glocal" (global and local) mindset. This diverse and international team, comprising 36 members from 16 nationalities, brings a wealth of experience and a strong network to the table. The firm values integrity, results, intellectual curiosity, and strong partnerships, and has consistently championed diversity and inclusion both within their team and across their portfolio. Entrepreneurs interested in partnering with Northzone are encouraged to present bold ideas with substantial market potential. The firm values straightforward communication and prefers to invest in teams capable of navigating and thriving in challenging environments

Notion Capital, founded by seasoned SaaS entrepreneurs, excels in investing in early-stage European startups, particularly in SaaS and enterprise tech. With a strong operational background, they leverage deep industry knowledge to support portfolio companies like GoCardless, Paddle, and Mews. Their focus spans business software, fintech, and future finance sectors, targeting transformative technologies like AI and cloud computing. Geographically, Notion Capital is centered on Europe, emphasizing markets in the UK, Germany, and France. Their strategy involves providing significant support through a dedicated platform team, aiding in product development, go-to-market strategies, and talent acquisition. They employ advanced AI for investment sourcing, ensuring they stay ahead in identifying high-potential startups. The fund typically leads Series A rounds, with an average check size of around €15 million, maintaining a portfolio of about 20 core investments. Recent notable investments include Bound, DataOps, and Resistant AI. Founders benefit from Notion's extensive network and strategic guidance, fostering growth and scaling efficiently. Key team members include Stephen Chandler, Jos White, and Itxaso del Palacio, who bring extensive experience from their entrepreneurial and investment backgrounds. This diverse and dynamic team is committed to a hands-on approach, driving success and innovation within their portfolio companies. Overall, Notion Capital stands out for its founder-friendly approach, combining strategic insights with robust financial backing, making it a formidable player in the European venture capital landscape.

New Venture Fund (Norwest Venture Partners) is a leading venture capital and growth equity investment firm with a diversified investment strategy. It focuses on early- to late-stage investments across various sectors, including consumer, enterprise, and healthcare. Norwest has a robust global presence with offices in North America, India, and Israel, enabling it to identify and support innovative companies worldwide. Notable investments by Norwest include companies like Dave, Gong, Swiggy, Udemy, Vuori, and Ritual. These investments demonstrate the firm's commitment to backing visionary leaders and transformative businesses. Norwest’s investment strategy includes providing not only capital but also strategic guidance and operational support to help portfolio companies scale and achieve significant growth. The firm has recently launched its $3 billion fund, NVP XVI, to continue empowering high-impact businesses. In recent years, Norwest has expanded its focus within the healthcare sector to include biotechnology, building on its successes in medical devices, diagnostics, and healthcare services. Norwest's notable exits include companies such as Opendoor, Talkspace, Udemy, Aporeto, CyberX, and Shape Security, among others. The firm is also committed to environmental, social, and governance (ESG) principles, investing in companies that prioritize sustainability and social impact​.

Novo Holdings is a premier life sciences investment firm based in Copenhagen, Denmark, with additional offices in Boston, San Francisco, London, and Singapore. The firm is wholly owned by the Novo Nordisk Foundation and manages an extensive portfolio aimed at generating long-term returns while advancing health and sustainability. Novo Holdings focuses on investments across biotechnology, medical technology, and digital health sectors, supporting companies at various stages, from early development to commercial phases. In 2023, the firm deployed DKK 3.6 billion, including significant investments in 4D Molecular, Alentis Therapeutics, and Lexeo Therapeutics. The firm's strategy emphasizes innovation in patient care and strong financial returns. Notably, Novo Holdings operates with an evergreen fund structure, allowing a long-term perspective on its investments. The firm actively engages with portfolio companies, often taking board positions to leverage its vast network and expertise. The investment team, led by Managing Partner Scott Beardsley, comprises professionals across major life science hubs. Key team members include Amit Kakar, Head of Novo Holdings Asia, and Anna Fan, Senior Partner in the Life Sciences Operating Committee. For startups seeking investment, Novo Holdings values groundbreaking science and robust clinical data, favoring companies with late preclinical or clinical stage compounds in biotech, and commercial stage entities in medtech and digital health

NP-Hard Ventures is an early-stage venture capital fund based in Amsterdam, Netherlands, focused on investing in product-obsessed founders. The firm targets pre-seed and seed stage startups in Europe and the US, particularly those building infrastructure, tools, and decentralized platforms that simplify and enhance productivity. Founded in 2021 by Anke Huiskes, Micha Hernandez van Leuffen, and Paul Veugen, NP-Hard Ventures has raised €12 million in its inaugural fund, exceeding their initial target of €10 million. The fund plans to invest average checks of €250,000 into around 20 startups, reserving 25% of the fund for follow-on investments. Their portfolio includes innovative companies like Tldraw, an open-source drawing tool for software design, and Emidat, a platform aimed at reducing emissions in the construction industry. The firm is particularly interested in software startups with technical founders who are developing enterprise solutions​. NP-Hard Ventures is distinguished by its operational experience, with the founders having collectively invested in over 50 early-stage companies and 15 funds across Europe and the US. The team aims to bring a sense of urgency and competitive edge from their experiences in the San Francisco tech scene to the European startup ecosystem​.

Nucleus Capital, founded in 2020 and based in Berlin, Germany, is a venture capital firm dedicated to supporting early-stage, purpose-driven entrepreneurs tackling systemic challenges to planetary health. They focus on three main sectors: programmable biology, food technology, and green industrials. Notable investments by Nucleus Capital include Yuri, a space biotech company; Planet A Foods, which develops biotech-derived food ingredients; and Hier Foods, a digital platform for food distribution. Other key investments encompass innovative startups like Farmless, which transforms renewable energy into food, and Brineworks, which focuses on ocean-based CO2 removal through electrochemistry​. Nucleus Capital typically invests in pre-seed and seed stages with check sizes ranging from €150k to €1 million. They aim to partner with mission-driven teams possessing deep domain expertise and creative solutions to global environmental challenges​​. The firm is led by co-founders Maximilian Schwarz and Isabella Fandrych, who bring significant expertise and a strong commitment to fostering entrepreneurial innovation for planetary health​.

Nuclio Venture Builder is a Barcelona-based startup studio and venture capital fund founded in 2016 by serial Spanish entrepreneur Carlos Blanco alongside co-founders Maria Hidalgo, Alex Diaz, and Marc Torres. Headquartered at Pier01 in the Barcelona Tech City cluster, with additional presence in Madrid, Nuclio's thesis is to identify business models already validated and thriving in other geographies and then partner with top-tier local talent and capital to replicate them in Spain and the broader European market. Each project receives an initial investment of EUR 50,000 to EUR 150,000, delivered alongside a deeply integrated central services platform covering IT and software, communications and PR, human resources, legal, finance, and follow-on investment — significantly reducing the cost and time-to-market for each new venture. Nuclio leads rounds and has co-founded more than 20 ventures to date. Flagship successes include Housfy, the leading Spanish proptech platform; Games For a Living, co-founded by a former Activision Blizzard and King vice president; Kintai; Finteca; Prohipotecas; Verone; and Typs. Capital is deployed via the Nuclio Venture Fund, focused on early-stage opportunities in fintech, proptech, health tech, and edtech. The most recent disclosed investments include a EUR 300,000 pre-seed lead into Arediana, a preventive health and women's wellness company, and an early-stage VC round into Peimi in January 2025. The Nuclio ecosystem extends beyond the studio itself to include Nuclio Talent for digital headhunting, Nuclio School offering masters and bootcamps in product, growth, and technology, Nuclio Labs as a Web3 launchpad, and Nuclio Founders for first-time entrepreneurs. Co-founder Carlos Blanco also manages Encomenda VC as a parallel investment vehicle.

Nutreco is a global leader in animal nutrition and aquafeed, committed to sustainably feeding the growing global population. Headquartered in the Netherlands, Nutreco operates through two primary business lines: Skretting, which focuses on aquaculture, and Trouw Nutrition, which serves the livestock industry. The company’s overarching mission, known as "Feeding the Future," is to drive sustainability across the entire food production chain. Nutreco's strategy is centered around three main areas: supporting sustainable production through technology, advancing nutrition and animal health, and sourcing future protein ingredients. The company is heavily invested in developing sustainable alternatives to traditional feed ingredients, including the use of insect protein and other novel sources. This approach aims to reduce the environmental footprint of animal farming, which is crucial as feed ingredient production currently accounts for a significant portion of greenhouse gas emissions in the livestock industry. Innovation is a key pillar of Nutreco's operations, primarily driven by their NuFrontiers team, which focuses on breakthrough technologies that can transform the protein value chain. Nutreco has also been expanding its production capabilities in growth markets like Asia and Latin America, as well as optimizing its operations to increase agility and reduce costs. The company’s investments are aimed at not just expanding its market presence but also ensuring that its products and practices are aligned with global sustainability goals, making it a crucial player in the future of food production​.

Nysnø Climate Investments is a state-owned Norwegian venture capital fund focused on advancing climate solutions through smart, profitable investments. Established in 2017 and based in Stavanger, Nysnø targets companies and technologies that directly contribute to reducing greenhouse gas emissions. The fund invests across sectors such as renewable energy, battery technology, offshore wind, and sustainable materials, supporting companies in their growth and commercialization phases. Nysnø has made significant strides in the green industry, with notable investments in companies like Morrow Batteries, a leader in sustainable battery production, and Vårgrønn, which develops offshore wind projects. The fund also emphasizes the importance of building new green value chains and has recently expanded into international investments, including participation in ArcTern Ventures II, a cleantech fund with a focus on North America and Europe. Primarily investing in companies linked to Norway, Nysnø also places a strong focus on long-term profitability, ensuring that its investments yield both financial returns and substantial environmental benefits. Through its portfolio, Nysnø has contributed to the growth of over 185 companies, helping to accelerate the green transition while creating positive societal impacts.

Oak Investment Partners is a leading multi-stage venture capital firm that focuses on high-growth opportunities across several sectors, including information technology, financial services technology, healthcare, and clean energy. Founded in 1978, Oak has invested over $9 billion in more than 525 companies worldwide. The firm is known for its hands-on approach, offering comprehensive support and strategic assistance through its extensive network of industry experts. Oak's portfolio includes notable companies such as Castlight Health, Zayo Group, Kayak, Benefitfocus, and Protean Electric, among others. Their investment strategy spans early to late-stage investments, including growth equity and PIPE (private investment in public equity) investments. Oak Investment Partners has built a reputation for its ability to identify transformative opportunities and support them through long-term, steady guidance​. The firm is headquartered in Norwalk, Connecticut, with additional offices in California. The team includes experienced professionals like Managing Partners Bandel Carano, Ed Glassmeyer, Fred Harman, and Ann Lamont, who bring deep domain expertise and a consistent investment philosophy to the table​.

Ocean 14 Capital is a private equity firm dedicated to transforming the "blue economy," with a strong focus on addressing environmental challenges while generating competitive financial returns. Established in 2020, the firm primarily invests in sectors like sustainable aquaculture, alternative proteins, circular plastics, and ocean conservation technologies. Its mission aligns with the United Nations’ Sustainable Development Goal 14 (SDG 14), which aims to conserve and sustainably use ocean resources​. The firm has successfully raised €200 million for its first fund, attracting cornerstone investors such as the European Investment Fund (EIF), Minderoo Foundation, and Chr. Augustinus Fabrikker. Ocean 14’s investment strategy targets companies with innovations that protect marine ecosystems and promote food security, such as SyAqua (shrimp genetics and nutrition) and AION (a circular plastics service)​. Ocean 14 seeks to drive sustainable growth in the blue economy, a sector expected to reach $3 trillion by 2030. They aim to invest in 20-25 companies, with an emphasis on scalable technologies that offer both environmental impact and financial returns​.

Octopus Ventures, established in 2007 and headquartered in London, is a major venture capital firm in Europe with over £1.2 billion in assets under management. The firm invests in a diverse range of sectors, including B2B software, health tech, fintech, deep tech, consumer, climate, and bio. Their notable investments include well-known companies such as SwiftKey, ManyPets (formerly known as Bought By Many), Zoopla, LoveFilm, and Graze. Octopus Ventures focuses on supporting startups from pre-seed through to Series A and beyond, providing both funding and hands-on support to help companies scale. The firm is committed to backing founders with purpose-driven missions, emphasizing positive impact on people, communities, and the environment. Octopus Ventures employs a strategy that prioritizes long-term relationships with founders and deep sector expertise. They are particularly focused on disruptive technologies and innovative solutions that address significant global challenges. Recent investments reflect their commitment to sustainability and tech innovation, including companies like Token in fintech, Elliptic in blockchain analytics, and Minimum in climate tech. Led by a team of experienced investors and industry experts, Octopus Ventures ensures their portfolio companies receive the strategic guidance and operational support necessary for growth. The firm continues to expand its influence globally, aiming to foster innovation and drive positive change in the venture capital landscape.

OCV Partners is a Los Angeles-based venture capital firm, established with a mission to invest in companies that demonstrate significant growth potential, primarily in the technology and healthcare sectors. Their investment strategy is focused on mid- to late-stage companies, often in fields such as SaaS, fintech, biotech, and digital health. With a portfolio that includes innovative firms like Jukin Media, Scopely, and TaskUs, OCV Partners has positioned itself as a hands-on investor, providing both capital and operational support to help scale high-growth companies​. The firm prides itself on its diverse expertise, backing founders through every phase of their business journey. The OCV team brings decades of experience in building and scaling companies across various industries, from software and financial services to healthcare and media. They partner with startups not just to provide financial backing, but also to offer operational insight, helping businesses navigate the complexities of scaling. OCV Partners is well-known for its long-term mindset, focusing on building sustainable value through innovation and strong partnerships. The firm typically invests in companies at the seed to Series B stages, though they remain flexible and open to later-stage opportunities when appropriate.

Odey Asset Management, once a prominent name in the investment industry, is currently undergoing significant changes as it winds down its operations. Founded by Crispin Odey in 1991, the firm became known for its high-conviction, often contrarian investment strategies, and managed substantial assets across various funds. However, recent developments have led to the closure of the firm, including its subsidiaries such as Brook Asset Management and Odey Wealth. As part of the wind-down process, Odey Asset Management is in the midst of transferring its fund management responsibilities to new asset managers. This transition aims to ensure continuity for investors, allowing for a smoother handover of the funds under its management. The firm is working closely with regulatory authorities to manage this transition in a way that protects the interests of its clients. For investors and clients, the firm’s website provides the most up-to-date information regarding the ongoing closure and transfer of assets. Detailed statements and guidance are available to help investors navigate this period of change, offering insights into how their investments will be managed moving forward. The closure marks the end of an era for Odey Asset Management, which had been a significant player in the global investment landscape for over three decades. Despite its current challenges, the firm’s legacy in shaping high-risk, high-reward investment strategies remains noteworthy.

Odyssee Venture is an independent Paris-based private-equity and venture-capital management company founded in 1999, headquartered at 26 rue de Berri in the 8th arrondissement, and one of the earliest AMF-accredited independent asset managers in France. The firm was co-founded by Mathieu Boillet and Sebastien Sassolas, who previously ran the venture-capital activities of the Banques Populaires Group through SPEF — historically France's first institutional venture investor. Over more than 25 years Odyssee has raised over EUR 750 million across FCPI, FIP, and FCPR vehicles and has financed roughly 200 French growth SMEs. Odyssee leads rounds and focuses on growth-stage investments in French SMEs spanning business and consumer products, financial services, healthcare and life sciences, SaaS, manufacturing and industrials, and e-commerce — deploying tickets from EUR 1 million to EUR 10 million with a typical average around EUR 5 million. Across 181 disclosed investments the portfolio includes BrightHeart, a prenatal ultrasound AI company for which Odyssee led an EUR 11 million Series A in January 2026 following five FDA approvals in 2025; Veesion, an AI shoplifting-gesture detection company that raised EUR 38 million to expand into the US; VitaDX, a urine-based cancer diagnostics firm; PeopleSpheres; Ekinops; Scaled Risk; and GymGlish. Odyssee's 25-year track record spans multiple economic cycles and fund formats, giving it an unusually deep bench of relationships across the French growth-company ecosystem. The firm's FCPI and FIP products are distributed to retail investors, making it one of the few French VCs with both institutional and retail LP exposure — a breadth that supports consistent capital formation across market conditions.

Okta Ventures is the corporate venture capital arm of Okta, Inc. — the Nasdaq-listed identity and access management leader — launched in 2019 and based in San Francisco, California. The unit exists to extend the Okta platform by backing the next generation of identity, privacy, and security startups and to deepen the Okta Integration Network ecosystem. The fund was launched with an initial commitment of approximately $50 million and has since scaled across three successive vintages. Okta Ventures does not lead rounds; it participates alongside specialist lead investors. The fund targets companies that address modern identity, privacy, or security use cases; founders seeking long-term integration partnerships with Okta; startups with demonstrated product-market fit; and early-stage rounds that already have a confirmed institutional lead. Checks typically run $250,000 to $2 million with a sweet spot around $400,000. Across 57 disclosed investments, managed by Managing Director Austin Arensberg, portfolio companies include DataGrail, a data privacy and compliance platform for GDPR and CCPA; Ockam, which provides data-in-motion encryption and mutual authentication; Trusted Key, a passwordless authentication company; MIND, which received a Series A in June 2025; and Sapiom, a financial-software identity company that received the most recent disclosed investment in February 2026. Okta Ventures benefits from a structural referral engine: the Okta Integration Network connects more than 7,000 applications, giving the corporate venturing team early visibility into security and identity startups before they appear on the broader market's radar. Portfolio companies also gain direct access to Okta's enterprise customer base as a commercial channel.

Oktogon Ventures is a Budapest-based early-stage venture capital firm founded in 2019 to back high-growth B2B SaaS and technology-intensive startups across Central and Eastern Europe — including Hungary, Czechia, Poland, Slovakia, Romania, Slovenia, Croatia, and Bulgaria. The firm is led by General Partner Gyula Feher, co-founder of Ustream, which was acquired by IBM in Hungary's largest-ever startup M&A transaction, alongside Partner Vera Pistyur and a team of operator-investors with deep connections to US and Western European tier-one VCs. Oktogon's first deal in 2019 was co-invested alongside Ashton Kutcher's Sound Ventures, establishing the firm's transatlantic positioning from launch. Oktogon backs founders with 'zero to one' potential building products with global appeal from day one. Investment criteria include EUR 10,000-plus in monthly recurring revenue, a technology-heavy business, and the capacity for extraordinary growth. Initial check sizes run EUR 100,000 to EUR 400,000 with follow-on reserves of up to approximately EUR 1.2 million per company. Across 22 disclosed investments, portfolio highlights include Colossyan, an AI-generated video and synthetic presenter platform that later raised a $22 million Series A led by Lakestar; Flawless, an operations observability and incident-management platform that raised a $2.2 million seed co-led by 42CAP with Picus Capital and Dreamcraft; Hypefy, backed in January 2025; and Riptides, a B2B security services company that received the most recent disclosed investment in April 2025. Oktogon's CEE focus is both a geographic thesis and a talent arbitrage: the region produces a high concentration of technical founders whose global ambitions have historically been underserved by Western European capital. Feher's successful exit from Ustream gives the firm credibility with the founders it targets.

Olive Capital is a venture capital firm founded in 2019, headquartered in Geneva, Switzerland, with a focus on pre-seed and seed-stage investments. It supports founders building in the fields of synthetic biology, software, and emerging platforms, particularly at the intersection of web3 and crypto technologies. Olive Capital aims to back startups that innovate how we create, collaborate, and communicate, with a strong interest in the evolving creative and tech ecosystems. The firm typically invests in companies across Europe and the U.S., offering check sizes ranging from $100K to $150K. Olive Capital has made significant investments in companies like Akasa, Science, and TRLab, among others. A standout feature of the firm is its commitment to working closely with founders, leveraging its extensive network of LPs, including industry leaders from Meta, Google, and Coinbase, to provide not just capital but strategic mentorship and operational support. Olive Capital, founded by Raph Grieco, also operates a syndicate on AngelList, where it continues to expand its portfolio by backing visionary entrepreneurs who are driving change in their respective fields. The firm has a strong track record, with many of its portfolio companies raising subsequent rounds and scaling successfully.

OTV (formerly Olive Tree Ventures) is a global venture capital firm specializing in digital health startups. Founded in 2015, OTV is based in Tel Aviv and New York, with additional offices in China to support its expansion into the Asia-Pacific market. The firm focuses on mid-growth stage companies developing cutting-edge digital health technologies that aim to revolutionize healthcare globally. OTV’s mission is to back innovative entrepreneurs who are building impactful solutions that address significant healthcare challenges. The firm’s $170 million fund is geared toward investing in companies offering groundbreaking technologies in telemedicine, genomics, AI-driven health platforms, and more. Notable portfolio companies include TytoCare, Lemonaid Health, and Scopio Labs, which are leaders in telehealth and healthcare innovation. OTV’s portfolio reflects its commitment to improving healthcare outcomes through technological advancement. With a leadership team boasting decades of experience in healthcare, technology, and private equity, OTV provides more than just capital. The firm actively supports its portfolio companies in scaling their businesses and navigating complex regulatory environments. By bridging innovation from the West with opportunities in North America, Israel, and Asia, OTV is uniquely positioned to help startups thrive in the growing global digital health market.

Oltre Venture — rebranded as Oltre Impact — is Italy's first impact-investing fund manager, founded in 2006 and headquartered in Milan. Managing Partners Luciano Balbo, who serves as President and founder, and Lorenzo Allevi as CEO have worked together since the firm's founding and lead a senior team with more than 50 cumulative years of private-equity and impact-investing experience. The firm is backed by a blue-chip institutional LP base including the European Investment Fund, Cassa Depositi e Prestiti, Intesa Sanpaolo, and many of Italy's leading family offices. Oltre operates across three successive fund vintages — Oltre I, Oltre II, and Oltre III, which reached a first close at EUR 53 million and has secured EUR 78 million against a EUR 100 million target. Across Funds I and II the firm deployed more than EUR 50 million into 30 social-impact companies. Oltre III has invested EUR 19 million in seven SMEs in its first 12 months. Oltre leads rounds with average check sizes of approximately EUR 5 million. The thematic focus spans healthcare and medtech, education, agriculture and food, sustainable housing, and economic development in Italy's less-developed regions. Portfolio companies include Cera, which became a unicorn in 2025 two years after Oltre's initial investment; Kippy; Faba; and medEA. Recent deals include the acquisition of a 60 percent stake in My English School in June 2025 to scale English-language schooling across Italy and Europe, a majority stake in Accadueo Impianti in February 2025, and an investment in Sepra in October 2025. Oltre's defining commitment is that commercial returns and social impact are complementary rather than competing. Every investment targets measurable improvement in access to services, quality of life, or environmental outcomes for underserved Italian communities.

Ombu Group is a London-based venture capital firm that specializes in investing in advanced environmental and industrial technologies. Established in 2011, Ombu Group focuses on high-impact sectors such as energy optimization, EV charging infrastructure, and sustainable technologies. The firm typically invests in Series A and B stages, with investments ranging from €1.5 million to €3 million. Ombu Group's investment approach combines strategic capital with deep industry knowledge and operational support, aiming to help businesses scale sustainably and achieve market leadership. The firm has a concentrated portfolio and partners closely with visionary entrepreneurs to drive innovation and transformative growth. Some of their notable investments include companies like Iceotope, Bowman Power, and Driivz. The leadership team at Ombu Group includes Stephen Brooke as the founder and CEO, supported by a small but experienced team that brings a wealth of expertise in technology and finance. Their focus on sustainability and long-term growth has positioned Ombu Group as a key player in advancing technology for a greener future.

OMERS Ventures, the venture capital arm of the Ontario Municipal Employees' Retirement System, focuses on investing in Series A to C companies across North America. Founded in 2011, the firm has backed several high-profile tech companies like Shopify and Wave. Their investment strategy centers on transformative technology sectors, including fintech, healthtech, proptech, and workplace technology. Typical initial investments range from $5 million to $25 million. OMERS Ventures has decided to withdraw from the European market to concentrate its efforts on North America. This strategic shift follows a challenging market environment in Europe and aims to leverage North America's relative economic stability. As part of this transition, the firm plans to open a new office in New York while maintaining its presence in Toronto and San Francisco. The leadership team includes Michael Yang, who emphasizes the importance of building strong relationships with founders and has a background in investing in emerging areas such as healthtech and IoT. For startups looking to engage with OMERS Ventures, demonstrating a deep understanding of the market and a clear vision for growth is essential. The firm values transparency and strong founder-investor relationships, aiming to support companies through various market challenges and opportunities.

Omnes Capital is a leading European private equity firm specializing in energy transition and innovation. Founded in 1999 and based in Paris, Omnes manages over €5 billion in assets. The firm's investment strategy focuses on four core areas: renewable energy, sustainable cities, deep tech venture capital, and co-investment. Notable investments include Direct Energie, Neoen, and BioSerenity. Omnes has made significant strides in the renewable energy sector with its Capenergie funds, which have invested over €2.5 billion across more than 60 projects in Europe, transforming developers into independent power producers. For example, their Capenergie 2 fund achieved a 15% net IRR, ranking among the top performers in Europe. Omnes also plays a crucial role in sustainable urban development by financing projects that support decarbonization and resilient city infrastructure. Their deep tech investments focus on disruptive technologies and startups pushing the boundaries of innovation. In addition to financial returns, Omnes is committed to responsible investment practices. The firm supports non-profits through the Omnes Foundation, which focuses on education, health, and social integration for children. Omnes is also a signatory of the United Nations Principles for Responsible Investment (PRI), underscoring their commitment to sustainability and ethical investment​.

OMRON Ventures Co., Ltd. is the corporate venture capital arm of OMRON Corporation — Japan's TSE-listed industrial automation and healthcare technology conglomerate — founded in July 2014 and headquartered in Minato-ku, Tokyo. The firm exists to create innovation driven by social needs by investing in and jointly developing with startups worldwide whose original technologies address OMRON's priority social challenges. Thematic focus areas span factory automation and industrial IoT, smart cities, digital and connected-health wearables, mobility, and energy management. OMRON Ventures operates two successive funds: OVC 1st Fund from 2014, which invested in approximately 20 startups across factory automation, healthcare, and smart cities; and OVC 2nd Fund established January 2022, which was certified by Japan's Ministry of Economy, Trade and Industry as the first Japanese corporate venture fund exempted from overseas-investment regulations — enabling expanded global deployment. Cumulative fund size across both funds is approximately JPY 15 billion, or roughly $100 million. Across 22 disclosed investments, portfolio companies include LIGHTz, a Skill Transfer AI company for manufacturing that received a Series A investment in May 2025; Sky Labs, a wearable cardiac monitoring company backed in November 2025; HQ Inc.; and avatarin Inc., both invested in February 2025. Vice President Christina Connelly leads the firm's international engagement. OMRON's corporate heritage runs deep: founder Kazuma Tateishi established Kyoto Enterprise Development in 1972, widely regarded as Japan's oldest private venture capital firm. This institutional history, combined with OMRON's active manufacturing and healthcare operations across Asia, the US, and Europe, gives its venture arm privileged visibility into frontier industrial and healthcare technology as a customer, collaborator, and investor simultaneously.

OneRagtime is a venture capital platform that focuses on sourcing, financing, and scaling early-stage tech startups across Europe. Founded by Stéphanie Hospital and Jean-Marie Messier, the firm offers a unique investment model that combines flexibility with a fully digitized process, allowing investors to choose how they invest, either through deal-by-deal or via their funds like OneRagtime Rhapsody II and OneRagtime Paragon. The firm invests primarily in seed and Series A stages, with initial investments ranging from €0.5 million to €3 million, and can follow up with investments up to €10 million. OneRagtime targets startups in several sectors, including consumer platforms (gaming, marketplaces, social media, and the creator economy), artificial intelligence, cloud services, cybersecurity, and tech for social good (education, climate, and health). Notable portfolio companies include Groover, an artist promotion platform; PhantomBuster, a no-code data automation tool; and Benefiz, an HR tech platform for managing employee benefits. OneRagtime also emphasizes providing strategic, operational, and business development support to its portfolio companies to ensure their growth and success. With a community-driven approach, OneRagtime offers investors the opportunity to engage deeply with startups, providing not just capital but also expertise and networks to drive innovation and growth in the tech sector.

Open Circle Capital is a Lithuanian-based early-stage venture capital fund focusing on technology startups in ICT, robotics, high-tech, AI, and IoT. With investments ranging from €100k to €1.5M, they seek to support fast-growing, high-potential startups, especially those led by experienced entrepreneurs with a history of growth and successful exits. The fund typically targets pre-seed and seed stages, aiming to inject capital into innovative solutions in areas like SaaS, logistics, Industry 4.0, and med-tech. Open Circle stands out for its strong emphasis on Lithuanian tech ecosystems while backing companies ready to scale globally. Founded by seasoned professionals, including CEO Audrius Milukas and partners Jens Kristian Damsgaard and William Cardwell, the fund has a deep network and a track record of high-profile exits, such as Paysolut and Teamgate. They are willing to either lead or co-invest in rounds, often collaborating with other VCs, business angels, and accelerators to maximize startups' chances of success. Notable portfolio companies include Whatagraph, Billo, and Frontu. Open Circle is known for its proactive approach in helping startups navigate through growth phases, including technology transfer, team building, and preparing for foreign markets, while allowing founding teams to retain majority control. Startups should approach the fund with a clear and compelling pitch, often best through personal connections with partners.

OpenOcean is a leading pan-European venture capital firm focusing on early-stage investments, particularly in Series A rounds, with an emphasis on data economy, B2B platforms, and enterprise software technology. Founded by the team behind MySQL and MariaDB, OpenOcean leverages its deep technical expertise to identify and support innovative startups that can rapidly scale and achieve global adoption. Notable investments include Truecaller, which has grown into a prominent global communications platform with over 200 million daily active users, and MariaDB, a leading open-source database company that recently went public on the New York Stock Exchange. Other significant portfolio companies include Nosto, a marketing automation tool, and Supermetrics, a global leader in marketing data integration tools. OpenOcean’s investment strategy is data-driven and focuses on sectors such as AI, data infrastructure, DevOps, and automation. They typically invest up to €6 million per company, leading or co-leading the investment rounds. The firm has a strong commitment to fostering diversity and transparency within its portfolio companies, ensuring a supportive environment for founders. The team at OpenOcean, with offices in Helsinki and London, is known for its hands-on approach, helping startups navigate the complexities of scaling their businesses and achieving sustainable growth. This approach has led to the creation of several unicorns and high-growth companies that are transforming their respective industries.

Opera Tech Ventures is a Paris-based venture capital firm launched in 2018 as the investment arm of BNP Paribas. Specializing in fintech, insurtech, AI, sustainability tech, and enterprise software, Opera Tech Ventures targets startups with cutting-edge solutions in these sectors. They predominantly invest in Series A to D rounds, with a focus on scalable technologies that address critical market needs. The firm typically invests between $3 million and $15 million per deal, often taking a leadership role in the funding process. Their portfolio includes companies like SESAMm, an AI-driven analytics firm, Stoik in cloud security, and Arbol in commercial insurance. With a global scope, Opera Tech Ventures invests across Europe and North America, particularly favoring markets in France, the UK, the US, and the Netherlands. Their investment strategy is driven by a deep understanding of fintech and enterprise solutions, looking for startups that can revolutionize industries and show strong growth potential. Co-investing with well-known partners like Andreessen Horowitz and Munich Re Ventures, Opera Tech Ventures ensures their portfolio companies receive both capital and strategic guidance​. Under the leadership of Thibaut Schlaeppi, the firm is highly engaged in supporting portfolio companies beyond just financial backing. They offer insights, mentorship, and extensive connections across industries. Their diverse team brings expertise from multiple sectors, allowing them to help companies scale effectively in highly competitive markets. By focusing on innovation, Opera Tech Ventures continues to build a robust portfolio of future-leading companies.

Optum Ventures is an independent venture capital firm founded in November 2017 as a strategic partnership between UnitedHealth Group and its Optum subsidiary. Headquartered in Boston, Massachusetts with a second office in Menlo Park and London presence, the firm launched with an initial $250 million commitment and has since scaled to over $2 billion in assets under management across six successive funds. Its mission is to back the next generation of healthcare innovation, investing stage-agnostically from seed through growth equity in companies at the intersection of technology and healthcare. Partners include A.G. Breitenstein, Virginia McFerran, and Heather Roxborough. Optum Ventures leads rounds and its thematic priorities include digital health, data analytics, value-based care delivery, healthcare enterprise software, clinical AI, fintech and insurtech applied to healthcare, and enabling health-system infrastructure. The firm has deployed capital into more than 120 companies and holds five unicorns: Ambience, an AI ambient scribe company; DispatchHealth; and LetsGetChecked, among others. Recent activity includes Risa Labs in January 2026 as the most recent disclosed investment; Reema Health at Series B in December 2025; Headstart, an ABA autism-care platform backed in 2025; and CoPlane, which raised a $14 million seed round in 2025 for AI-native ERP workflow automation. Optum Ventures' differentiation lies in its deep commercial connectivity to UnitedHealth Group — the largest US health insurer and services company. Portfolio companies gain access to health plans, providers, employers, and patients through the UHG network, as well as Optum's health-services commercialization expertise. This combination of financial capital and strategic distribution makes Optum Ventures one of the most consequential healthcare-focused CVCs in the market.

Orange Ventures, the venture capital arm of the Orange Group, operates with a fund allocation of €350 million. This fund focuses on strategic areas of interest such as Networks & IT, Digital Enterprise, Cybersecurity, and Fintech, as well as exploring new territories like e-health, gaming, and consumer platforms. Orange Ventures targets startups across various stages of maturity, from seed-stage companies in the Middle East and Africa to more mature companies in Europe and the US. Their investments typically range up to €20 million per round, and they emphasize creating synergies between their portfolio companies and Orange's extensive network and customer base​. Their portfolio includes a diverse range of companies such as Dataiku, a leading AI platform, and Brut, a global media brand for millennials and Gen Z. Orange Ventures aims to promote technological champions that support a digital and responsible world, leveraging the Orange Group’s business expertise and customer reach.

Origen Ventures Fund is a Barcelona-based impact investment venture capital firm focusing on early-stage tech and science projects. The fund invests primarily in Advanced Biotech, Advanced Computing, and Advanced Engineering, emphasizing sustainable value creation and aligning with ESG (Environmental, Social, and Governance) principles. As a signatory of the Principles for Responsible Investment (UN), Origen Ventures is committed to making transformational investments that address significant market and societal challenges. The fund targets companies with robust intellectual property, cohesive and entrepreneurial management teams, and market-oriented strategies. Origen Ventures' investment strategy spans from pre-seed to Series A stages, with typical investment sizes ranging from €0.3 to €5 million. They prefer to co-invest with top-tier venture capital funds but will lead in selected circumstances. Origen Ventures operates primarily within the Euro-Mediterranean region, covering countries such as Spain, Southern France, Italy, and Portugal. The firm collaborates with top universities and research centers to source and develop high-impact projects.

Origins Fund is a unique venture capital firm that specializes in backing consumer technology startups from pre-seed to Series A. What sets Origins apart is its strategy of combining financial investment with the power of social influence. The fund's limited partners include high-profile athletes and celebrities who collectively have over 160 million social media followers. This provides an "unfair advantage" to the startups in its portfolio by significantly boosting their visibility and growth potential. Origins typically invests between $100,000 and $500,000 per startup and reserves additional capital for follow-on investments in the most promising companies. The fund focuses on category-defining consumer businesses, particularly those that can benefit from the massive influence and reach of its celebrity LPs. The fund's co-founders, including former French football star Blaise Matuidi, are based in global hubs like Miami, New York, and Paris, allowing Origins to maintain a diverse and internationally connected portfolio. Notable investments include companies like Upway, a marketplace for reconditioned e-bikes, and Moka.care, a corporate mental health solution.

Orkla Ventures is the venture capital arm of Orkla Group, a leading supplier of branded consumer goods based in Oslo, Norway. This corporate venture fund focuses on technology, digital platforms, and software solutions with a particular interest in digital health, sustainability, food tech, and SaaS solutions. Orkla Ventures aims to leverage its industry expertise to invest in innovative startups that align with Orkla’s business domains and strategic interests. Orkla Ventures typically invests in seed and early-stage companies, with a commitment to fostering growth and supporting innovative solutions. The firm has made significant investments, including in the medical chatbot service Your.MD, which helps ease the burden on healthcare systems by providing pre-primary care and digital health solutions​.