Fil Rouge Capital (FRC) specializes in investing in early-stage businesses, focusing on angel investments, seed funding, venture capital, and Series A rounds through a mix of equity and debt structures. The firm aims to enhance its investments by leveraging the skills and experiences of its Founders, who possess expertise in technology and services, as well as a strong entrepreneurial background. Based in Ljubljana, Slovenia, FRC has a primary focus on Central and Eastern Europe, Austria, and Southern Germany, while remaining open to opportunities across Europe and the United States. The Founders maintain robust connections with accelerators in Central Europe and Silicon Valley, which further supports their investment strategy.

South Central Ventures, established in 2015, is a venture capital firm headquartered in Zagreb, Croatia, with additional offices in Belgrade, Serbia; Ljubljana, Slovenia; and Skopje, Macedonia. The firm specializes in direct investments in early-stage technology companies, focusing on sectors such as Information and Communications Technology (ICT), SaaS, HealthTech, FinTech, and digital media. It primarily invests in the Balkans, with a typical investment size ranging from €0.1 million to €3 million per company, aiming for a stake between 25% and 49%. South Central Ventures has invested in approximately 40 early-stage tech companies, playing a significant role in the regional start-up ecosystem.

Founded in 2019, Oktogon Ventures is a venture capital firm based in Budapest, Hungary. It focuses on early-stage investments in technology-heavy startups across Central and Eastern Europe, with a particular emphasis on Hungary, Slovakia, the Czech Republic, Poland, Croatia, Romania, Slovenia, and Bulgaria. The firm leverages its local background, operational expertise, and global network to support CEE startups in realizing their full potential.

Earlybird Venture Capital GmbH & Co. KG is a venture capital firm specializing in early stage, startups, growth and development stage, late, and expansion investments in private companies in seed, series A and B with a potential for later follow on investments. The firm typically invests in disruptive global consumer and enterprise internet and technology businesses, mobility and logistics, internet of things, marketplaces, communities, social networks, blockchain, mobile services, insurance, enterprise productivity, vertical integration, data, analytics and artificial intelligence, cloud computing, software/information technology, communications, healthcare, diagnostics, convergent technologies, and technology enabled services companies. It also invests in internet services, financial technology, cleantech, health technologies, web servers, B2B commerce, e-commerce software, digital media technologies, hardware, diversified financial services, media, medical technology, medical devices and biotech platform technologies. The firm typically invests in globally focusing on companies based in Europe, with an emphasis on German-speaking countries and Central Eastern Europe. The firm also invests in United States of America, Ukraine, GSA, Nordics, United Kingdom, Benelux, France, Southern Europe, Slovenia, Slovakia, Serbia, Romania, Western Europe, Poland, Montenegro, Moldova, Macedonia, Lithuania, Latvia, Kosovo, Hungary, Estonia, Czech Republic, Croatia, Bulgaria, Bosnia and Herzegovina, Albania, Germany, Turkey, and Jordan. It initially invests between €200,000 million ($0.22 million) and €5 million ($7.18 million) and can participate in subsequent rounds up to a total investment of €10 million ($14.37 million) to €15 million ($21.56 million) per Portfolio Company. The firm prefers to be the lead investor, take a minority stake, and a board membership in the portfolio companies. Earlybird Venture Capital GmbH & Co. KG was founded in 1997 and is based in Berlin, Germany with additional offices in Munich, Germany; Istanbul, Turkey; and the United States.

AlpVent is a Swiss investment company based in Zug that specializes in supporting promising start-ups. Founded in 2016, the firm leverages 25 years of entrepreneurial experience to understand and address the needs of entrepreneurs. AlpVent provides not only investment capital but also management consulting services, offering what is often referred to as "smart money" support. Recognizing that many founders excel in product development but struggle with promotion, AlpVent has created a dedicated sales department. This team offers sales analyses and consulting services, and can even act as an agent or distributor for start-ups. Their services are tailored for the competitive German-speaking markets and South-Eastern Europe, including Germany, Switzerland, Austria, Slovenia, and Croatia. The firm focuses on investments in sectors such as transportation, commercial products, software, and manufacturing.

BlackPeak Capital is a private equity and venture capital firm investing in small and medium-sized enterprises across Southeast Europe. It focuses on early-stage, growth-oriented companies with unique technologies or export potential, typically investing between €4 million to €10 million per transaction.

European Bank for Reconstruction and Development finances projects and provides advisory services to the public and private sectors. It supports new ventures and expansion in existing companies through project financing, loans, and equity or quasi-equity investments, including equity funds and guarantees, and it partners with private entities to invest across sectors such as banking, energy, manufacturing, infrastructure, information technology, and services. The bank also helps publicly owned entities privatize and restructure municipal services and engages in policy reform dialogue and advisory services, along with trade finance and loan syndication. Founded in 1990 and headquartered in London, it operates across regions including Southeastern and Central Europe, the Baltic States, Eastern Europe and the Caucasus, Central Asia, and parts of the Middle East and Africa, aiming to foster market-oriented change and private sector development by mobilizing capital for sustainable investments. It has invested more than €130 billion in over 5,200 projects.

Founded in Berlin in 2017, Lunar Ventures is a venture capital firm focusing on seed-stage investments in deep tech startups across Europe. The firm specializes in artificial intelligence and machine learning, blockchain, cybersecurity, big data analytics, and other emerging technologies.

HV Capital is a Munich-based venture capital firm supporting founders in developing internet companies. Established in 2000, it has invested in over 200 companies including Zalando and Delivery Hero, with fund sizes ranging from €500,000 to €50 million.

big_bets is a venture capital firm based in Sao Paulo, Brazil, founded in 2019, that backs software-intensive companies built around code and data. Its investment thesis targets industries undergoing digital transformation and seeks to back entrepreneurs who can accelerate this shift, across sectors including financial services, identity, healthcare and diagnostics, media, education, energy distribution, and developer tools.

Abstraction Capital, established in 2020 and headquartered in Kansas City, Missouri, is an early-stage venture capital firm. It specializes in investing in pre-seed or seed rounds for software companies developing technical tools, APIs, and infrastructure that enhance developer productivity and streamline software workflows. The firm's portfolio includes companies building open-source tools, low-code platforms, and solutions for software observability and DevOps.

Fortino Capital is a Belgium-based venture capital and growth equity firm that provides expansion capital and strategic support to technology companies across Europe, with a focus on Western Europe and the Benelux region. It backs B2B SaaS and software firms, as well as media and high-end product manufacturing, helping SMEs build brands, sharpen go-to-market strategies, and scale internationally. The firm seeks companies that can reinvent their business models through best-in-class management practices and state-of-the-art technologies.

Founded in 2023, Fifth Quarter Ventures is a venture capital firm based in Novi Sad, Serbia. It focuses on investing in early-stage startups operating in open-source software, Industry 5.0, artificial intelligence, development tools, cryptocurrency, web3, and other technology sectors across the Adriatic region.

Founded in 2016 by Fleur Pellerin, Korelya Capital is a venture capital firm headquartered in Paris with offices in London, Seoul, and Singapore. It manages over EUR 500 million and invests in ambitious tech startups across Asia and Europe, providing growth capital and access to Asian markets.

Insight Partners is a global software investor that partners with growth-stage technology and software companies. The firm focuses on growth-stage software, internet, and data services, with emphasis on fintech, cybersecurity, artificial intelligence and machine learning, DevOps, and healthcare. Based in New York City with offices in London, Tel Aviv, and Palo Alto, Insight Partners has backed more than 750 companies worldwide and has more than 55 portfolio companies that have achieved an IPO. As of 2022, the firm reports over $75 billion in assets under management. It seeks to fund and work closely with visionary executives, providing practical, hands-on software expertise to support growth from initial investment through to IPO.

Founded in 2001 and based in Zug, Switzerland, HBM Healthcare Investments is a venture capital firm focusing on the healthcare sector. It invests globally in mature emerging companies primarily in biotechnology/human medicine, diagnostics, and medical technology sectors.

AXA Venture Partners is an independent global investment platform that targets high-growth technology companies across Europe and North America. It operates a multi-stage investment approach with four strategies—venture, early growth, growth, and a fund of funds—and manages a substantial asset base, reported as more than €2.5 billion. The firm has backed numerous technology companies and funds, with more than 60 technology companies and more than 60 funds in its portfolio, and it works closely with founders to help scale their businesses globally. The team maintains offices in San Francisco, New York, London, Paris, and Hong Kong to support portfolio companies and sourcing.

LAUNCHub Ventures is a Sofia, Bulgaria-based venture capital firm founded in 2012 that focuses on seed-stage technology startups in Southeastern and Central Eastern Europe. The firm typically makes initial investments of €300k to €2M and can participate in rounds up to €4M, supporting portfolio companies beyond capital. It backs scalable early-stage ventures across AI/ML, SaaS, the future of work, proptech, crypto and blockchain, devtools, marketplaces, healthtech, fintech, hardware and robotics, with a preference for founders from SEE and CEE regions who have traction. In addition to funding, LAUNCHub provides hands-on support and programs such as its Series A academy to help companies reach milestones and secure follow-on rounds. The firm aims to grow the CEE startup ecosystem and collaborates with entrepreneurs based in the region and in major global hubs.

Berliner Volksbank Ventures is the venture capital arm of Berliner Volksbank, specializing in early-stage investments. Founded in 2015, it focuses on technology, digital business, and financial technology sectors, typically investing between €250,000 and €1 million per company.

Newable Limited is a London-based company that offers finance, consulting, and property services specifically tailored for start-ups and small to medium-sized enterprises (SMEs) in the UK. Founded in 2009, Newable focuses on fostering a supportive environment that empowers both its employees and clients. The company aims to cultivate confidence and leadership, enabling individuals and businesses to realize their potential. Additionally, Newable Ventures operates as a private investment group that connects early-stage investors with high-growth scale-up companies. It provides opportunities for private investors, family offices, and corporate investors to engage with innovative, knowledge-intensive firms, often facilitating collaborative investment efforts where investors also play active roles in guiding the companies they back. With over 30 years of experience, Newable has built a comprehensive ecosystem of investors and partners, ensuring a robust pipeline of early-stage investment opportunities.

Hardware Club is a Paris-headquartered venture capital firm that focuses on seed-stage investments in hardware and technology companies. It backs startups in areas such as digital health, artificial intelligence, new sensors, connected devices, smart transportation, and consumer hardware, with a geographically broad remit that includes the United States, Europe, and beyond. The firm operates a global community of hardware startups and provides capital alongside dedicated resources, partnerships, and events to help founders tackle hard problems. It maintains a presence in Paris with additional offices in Taipei, Tokyo, and San Francisco, enabling collaboration across regions.

Headline is a San Francisco-based venture capital firm founded in 1998 (formerly e.ventures). It maintains a global footprint with activity in seven cities and invests across geographies, leading rounds at every stage. The firm operates Early Stage Funds aligned with regional focus in the US, Europe, Asia, and Brazil to invest locally, and a Growth Fund based in San Francisco that participates from Series B onward. It backs companies across consumer, media, retail, financial services, healthcare, information technology, software-as-a-service, mobile, cybersecurity, e-commerce, artificial intelligence, advertising technology, and digital health. Notable portfolio companies include Sonos, The RealReal, Creditas, Sorare, Pismo, AppFolio, goPuff, Acorns, Farfetch, Segment, Bumble, and Yeahka. Headline is a registered investment adviser.

aws Gründerfonds is a venture capital firm based in Vienna, Austria, established in 2013. The firm specializes in investing in high-growth Austrian start-ups, focusing primarily on those in their later seed and (pre-)series-A stages. With a fund size of 140 million euros, aws Gründerfonds targets a diverse range of sectors, including business products and services, consumer products and services, healthcare, information technology, energy, financial services, manufacturing, and technology-based industries such as artificial intelligence and cybersecurity. Its objective is to support the development of innovative companies that demonstrate significant growth potential within the Austrian market.

Eleven Ventures is a venture capital firm based in Sofia, Bulgaria, specializing in early-stage investments in technology-driven startups. Founded in 2012, the firm focuses on sectors such as Fintech, HealthTech, e-commerce, the Future of Food, the Future of Work, software tools and platforms, consumer products, Sportstech, gaming, Adtech, mobility, and home automation. Eleven Ventures typically invests between €0.025 million and €0.5 million, taking minority stakes in its portfolio companies, generally ranging from 6% to 30% equity. The firm runs a three-month accelerator program quarterly, mentoring 10-15 teams per cycle, providing not only capital but also office space and back-office support. Additionally, accepted teams benefit from free deals with technology service providers, enhancing their operational capabilities. Eleven Ventures aims to foster a vibrant startup ecosystem in Southeast Europe, particularly in Bulgaria, while also being open to investing in startups from other countries, provided they participate in the program.

Established in 2018, Porsche Ventures is a venture capital arm of the Porsche Group. It focuses on early-stage and growth-phase investments in mobility, digital lifestyle, future technologies such as AI and blockchain, and sustainability sectors.

Established in 2019, Silicon Gardens is a venture capital firm based in Ljubljana, Slovenia. It focuses on investing in innovative and technology-driven companies.

Established in 2014, the London Co-Investment Fund aims to facilitate significant funding for early-stage tech businesses in London that already have potential investors. By providing additional capital, these startups gain more time and resources to validate their business models, enhancing their prospects for subsequent funding rounds and growth.

Sand Hill Angels, established in 2000, is a prominent angel investor group based in Mountain View, California, comprising over 60 successful Silicon Valley technology professionals. The group is dedicated to supporting and growing startup companies, with a focus on seed-stage technology investments across North America. They typically invest between $300,000 to $500,000 in private companies, with a pre-money valuation of less than $5 million. Sand Hill Angels' investment preferences span various sectors, including clean technology, Internet startups, information sciences, and life sciences, with a particular interest in semiconductors, enterprise software, storage, communications, medical devices, diagnostics, and bioinformatics. The group collaborates openly with venture capital funds, other angel organizations, and the broader Bay Area ecosystem to foster the growth of technology startups.

SFC Capital is a United Kingdom based venture capital firm founded in 2012 that focuses on early-stage investments, including pre-seed and seed rounds, in sectors such as software, technology, e-commerce, consumer products, enterprise solutions, green technology, medical technology, and hospitality. It backs UK startups through an Angel Network and seed funds, providing capital and guidance and offering access to SEIS- and EIS-qualifying investment opportunities. The firm is described as a leading seed investor in the UK.

Accomplice is a Boston-based venture capital firm, with an additional office in San Francisco, specializing in seed and early-stage investments in technology startups. It primarily invests in companies focused on cybersecurity, eSports, data analytics, SMB class software, emerging hardware platforms, and marketplaces. Accomplice uniquely leverages community platforms like AngelList, Boston Syndicates, and Maiden Lane to empower and fund exceptional founders. With a majority of its investments in Boston and additional investments throughout the U.S., Canada, and the E.U., Accomplice is one of the most active early-stage firms in New England.

Holtzbrinck Digital, established in 2010, is the corporate venture capital arm of Holtzbrinck Publishing Group, headquartered in Munich, Germany. The company specializes in investing in digital businesses across the fields of science, education, content, marketplaces, and e-learning. With offices in Munich, London, and Boston, Holtzbrinck Digital adopts a global approach to identify and support promising business models. The firm emphasizes collaboration with founders and management teams, providing strategic and operational guidance to foster growth and enhance economic value. Their investment strategy includes backing startups that have demonstrated proof-of-concept, offering growth capital to later-stage companies, and acquiring profitable businesses poised to become leaders in their respective markets. Holtzbrinck Digital maintains a rigorous focus on its investment areas while remaining flexible regarding transaction sizes and ownership stakes.

Iris Capital is a Paris-based venture capital firm established in 1986, specializing in supporting entrepreneurs from early-stage to growth. The firm invests across various industries, including digital platforms, artificial intelligence, financial technology, cybersecurity, and enterprise software. With a strong focus on innovation, Iris Capital seeks to partner with ambitious industry disruptors led by unique entrepreneurs worldwide. The firm benefits from a collaborative network of corporate partners, which enhances its ability to assist start-ups and scale-ups in their global expansion. With a presence in major cities such as Berlin, San Francisco, Tel Aviv, Tokyo, and Dubai, Iris Capital is dedicated to fostering the growth of pioneering companies across Europe and beyond.

NJF Capital, established in 2015 by entrepreneur and investor Nicole Junkermann, operates as a corporate venture capital arm of NJF Holdings based in London. The firm specializes in investing in sectors such as healthcare, deep tech, fintech, and technology. NJF Capital leverages its extensive expertise in business strategy and entrepreneurial development to support its portfolio companies. This includes assistance in brand building, recruitment, and navigating legal and regulatory environments, thereby facilitating growth and innovation within its investments. The firm is recognized for its wide-ranging network across various industries and government, enhancing its ability to guide and elevate the companies it invests in.

HPS Investment Partners is a global investment firm focused on non-investment grade credit. Founded in 2007 and headquartered in New York, it operates with offices worldwide. The firm originated as a unit of Highbridge Capital Management, a subsidiary of J.P. Morgan Asset Management, and was acquired by its principals in 2016, with J.P. Morgan retaining the hedge fund strategies. HPS manages a broad set of capital-structure strategies, including syndicated leveraged loans, high-yield bonds, privately negotiated senior secured debt, mezzanine financing, asset-based leasing, and private equity, serving clients across industries such as insurance, healthcare, media, retail, logistics, and marine.

Neuhaus Partners, established in 1998 and based in Hamburg, Germany, is a venture capital firm focused on supporting growth-stage companies in the technology sector. They specialize in IT, internet, telecommunications, laser and photonics, microsystems technology, and multimedia sectors within the European Union. The firm, composed of ten former IT professionals, provides technological know-how, comprehensive consulting, and equity capital to their portfolio companies, aiming to create continuous value from founding to IPO and beyond. Neuhaus Partners is recognized for its strong network in the venture capital industry, being a member of the Federal Association of German Equity Investment Companies (BVK) and the European Venture Capital Association (EVCA).

ZAKA VC is a Prague-based family office and venture investor that backs pre-seed and seed startups across Europe. The firm concentrates on early-stage, software-driven opportunities, with a primary focus on the United Kingdom, the DACH region, the Baltic states, and Central and Eastern Europe. Founded in 2019, ZAKA VC operates with scouts in Berlin, the United Kingdom, the Baltics, the Balkans, and the Turkish region, enabling local deal sourcing. It pursues opportunities across sectors such as consumer, retail, utilities, financial services, ad tech, e-commerce, marketing tech, real estate, and broader technology ventures.

Funding London Limited is a venture capital firm established in 2004 by the then Mayor of London to support the Economic Development Strategy for the city through funding small and medium-sized enterprises (SMEs). The firm focuses on seed, start-up, and early-stage companies that have successfully completed the proof of concept stage, primarily in the science, digital, and technology sectors. Based in London, Funding London typically invests between £0.25 million and £1 million, often making co-investments alongside other investors. The firm was initially funded by the London Development Agency and various European financial programs, and it continues to play a critical role in fostering innovation and economic growth in the region.

Founded in Athens, Greece in 2016, VentureFriends is a venture capital firm investing predominantly in Europe. It focuses on seed-stage tech-enabled B2C and B2B startups with a sustainable competitive advantage, particularly in PropTech, FinTech, Marketplaces, and SaaS sectors.

Piton Capital is a London-based venture capital and growth equity firm focused on network effects businesses, including marketplaces, exchanges and platforms, as well as data-driven models, user-generated content and SaaS with network effects. The firm is stage- and style-agnostic and makes investments from seed to late stage, with check sizes from €200k to €15m.

Founded in Paris in 2001, Quadrille Capital is a global private equity and venture capital firm specializing in technology and energy sectors. The firm invests in companies operating in information technology, internet, healthcare, cleantech, oil services, exploration & production, midstream, power, and renewable industries.

Founded in 2016, GR Capital is a pan-European venture capital firm that invests in fast-growing tech companies with proven teams and scalable models. Focusing on health, wealth, housing, and mobility sectors, the firm provides growth capital and strategic connections to support expansion across markets, talent pools, operations, and opportunities.

PT1 is an independent venture capital firm based in Berlin, Germany, specializing in pre-seed and seed investments in transformative real asset technologies. The firm targets startups that are positioned to address the significant challenges arising from the scarcity of natural resources and the evolving demands in real estate, infrastructure, and energy sectors. By leveraging a proprietary AI-enabled deal flow database, PT1 identifies and supports innovations in real assets that align with current megatrends. The firm boasts a pan-European team comprised of entrepreneurs and experienced venture partners, bringing together diverse expertise from successful founders to industry veterans. This collaborative environment fosters a wealth of knowledge and connections, enhancing PT1's ability to nurture impactful startups. Additionally, PT1 is part of the ERIC Group, a collective that includes high-net-worth individuals, entrepreneurs, and forward-thinking investors, all of whom seek to achieve financial returns while gaining insights and access to data and technology that can aid their own transformational efforts.

Founded in 2021, Volution is a London-based venture capital firm focused on backing ambitious Fintech and SaaS businesses ready to accelerate their growth towards Series B and beyond.

Founded in 2012, Blue Cloud Ventures is a global venture capital firm specializing in growth equity investments. It primarily focuses on Software-as-a-Service (SaaS) and other enterprise software companies with revenues between $10 million and $60 million. The firm invests globally, typically ranging from $3 million to $20 million per company, and seeks exits via strategic sales or IPOs.

Tokyo Black is an early-stage venture capital firm founded in 2020 and headquartered in San Francisco, California. It focuses on investing in early-stage technology companies.

Acequia Capital specializes in advising early-stage founders and teams who are passionate about harnessing software to drive business innovation. The firm partners with entrepreneurs from the initial stages of idea development and team formation through to the eventual IPO, sale, or other exit strategies. Acequia Capital offers seed capital and assists in organizing initial investment groups, securing bridge financing when necessary, and leading or participating in subsequent equity financings from Series A onward. Additionally, the firm facilitates secondary sales to create a market for founders, employees, and investors, while also providing alternative financing solutions that align with the needs of companies and their stakeholders.

Founded in 2014, Gaingels is a venture investment syndicate dedicated to supporting the LGBT+ community. It invests globally in companies led by LGBT+ founders or C-suite executives at all stages of growth, focusing on inclusivity and positive social change.

Vinyl Capital is a venture capital firm established in 2021 and located in Boston, Massachusetts. The company focuses on investing in innovative businesses within the business-to-consumer (B2C) sector, as well as in media, advertising technology, gaming, technology, and telecommunications. Vinyl Capital aims to support the evolution of consumer purchasing experiences by backing companies that are poised to shape the future of these industries.

Founded in 2017, Koch Disruptive Technologies is a venture capital firm based in Wichita, Kansas. It invests in promising entrepreneurs and technologies across industries to improve Koch Industries' existing businesses and create new opportunities.

GSR United Capital, founded in 2009 and headquartered in Beijing, China, is a private equity and venture capital firm with additional offices in Hangzhou and Shenzhen. The firm specializes in equity investments within high-tech industries, targeting sectors such as artificial intelligence, robotics, advanced manufacturing, supply chain technology, the industrial internet, smart transportation, and environmental services. GSR United Capital actively seeks investment and merger and acquisition opportunities, particularly in projects at the "A+" stage, which are poised for scale commercialization. The firm manages both RMB master funds and industry-specific funds in partnership with local governments, receiving strong backing from various institutional investors, including government-guided funds and wealth management institutions. With a portfolio of over 100 high-tech startups, GSR United Capital has successfully exited several investments through public listings, achieving significant returns. The firm has continued to expand its investment activities, making over 30 investments since early 2020, and focuses on delivering substantial returns while fostering innovation in emerging technologies.