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 2017, Gapminder Venture Partners is a venture capital firm specializing in early-stage investments in B2B companies across software, IT services, fintech, cybersecurity, machine learning, and data analytics sectors. The firm focuses on startups based in Central and Eastern Europe.

Roca X is a privately funded venture capital firm based in Bucharest, Romania, established in 2018. The firm focuses on investing in early-stage technology companies, particularly those led by young entrepreneurs with innovative ideas that have the potential to impact society. Roca X targets businesses in the development stage, specifically those with a minimum viable product (MVP) or prototype. Its mission is to support disruptive ventures and help transform visionary concepts into reality.

Early Game Ventures is an early-stage venture capital firm based in Bucharest, Romania. Founded in 2018, it invests in startups across Europe's emerging markets, focusing on innovative sectors such as enterprise technology and cybersecurity. The firm prefers to be the first institutional investor in companies with vested founders addressing big markets.

Founded in Bucharest, Romania in 2017, Sparking Capital is a venture capital firm focusing on pre-seed and seed investments. While industry agnostic, it prefers startups in consumer internet, marketing-tech, supply chain-tech, fin-tech, property-tech, and circular economy-tech sectors with disruptive potential.

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

Gecad Ventures is a Bucharest-based venture capital firm that invests in hi-tech startups and expansion-stage companies from Central and Eastern Europe with strong prospects for international scaling. It focuses on cybersecurity, fintech, AI/ML, AR and VR, transportation, IoT, agritech, healthcare, software and e-commerce, and typically commits between €1-7 million in equity. As an early investor, it builds strategic relationships with founding teams and provides resources to accelerate growth and market expansion. With more than two decades of history as part of the Gecad group, the firm draws on a track record of aiding portfolio companies and is associated with notable exits to Microsoft, Francisco Partners, Naspers and Fitbit.

Founded in 2021, Fortech Investments is a venture capital firm based in Cluj-Napoca, Romania. It focuses on early-stage investments, primarily in the Central and Eastern European regions, with a focus on Romanian start-ups. The firm invests in sectors such as energy, healthcare, manufacturing, automotive, PropTech, and FinTech, providing capital and strategic support.

Global Finance is an independent investment firm headquartered in Athens, Greece, specializing in private equity and venture capital in Southeast Europe. The firm conducts private equity fund management, real estate development, and advisory services, managing funds with geographic and sectoral focus across the region. It makes equity investments in Greece up to €40 million and up to €15 million for Eastern European ventures, and pursues both minority and majority stakes, including co-investments for buyouts and growth opportunities. Its activity spans industries such as manufacturing, information technology, healthcare, services, and other sectors, with a regional emphasis on Greece and neighboring markets. Global Finance aims to exit investments within several years through trade sales, IPOs, management buybacks, or sales to other funds. The firm maintains offices in Athens and other Southeast European cities, including Sofia, Belgrade, and Bucharest, as well as London.

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.

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.

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.

Founded in 2022, Underline Ventures is a venture capital firm based in Bucharest, Romania. It partners with Eastern European founders at the earliest stages to build high-growth startups with global ambitions. The firm invests primarily at the seed stage (pre-seed, seed, late seed), typically providing an average cheque of €500k.

Gapminder Venture Partners BV is a venture capital firm established in 2017 and headquartered in Romania, focusing on early-stage investments in Pre-Seed, Seed, and Series A rounds. The firm targets innovative startups in sectors such as IT software and services, SaaS, machine learning, artificial intelligence, cybersecurity, digital transformation, healthcare IT, and fintech. Gapminder primarily invests in Romania and other countries in Eastern and Central Europe, aiming to support disruptive innovations that generate positive societal impacts. The firm leverages its team's background and experience to create value within the region, emphasizing a commitment to fostering bold initiatives that push boundaries in technology and business.

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.

Tigrim is a venture capital firm established in 2016 and located in Vaxjo, Sweden. The firm specializes in investing in the technology sector, emphasizing innovative ideas and the potential of individuals behind them. Tigrim aims to support and nurture bright concepts that contribute to future advancements.

Founded in 1994, the European Investment Fund operates as a venture capital and private equity firm specializing in incubation, direct, secondary indirect, and fund of funds investments. It focuses on disruptive early-stage technology enterprises and supports micro, small, and medium-sized enterprises across Europe, primarily at early stages. The fund invests between €0.25 million and €60 million per transaction, with a preference for investing €130 million into private equity and venture capital funds.

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.

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.

Emma Capital, founded in 2012, is a principal investment firm headquartered in Prague, Czech Republic with offices in Nicosia and London. It specializes in investments within the retail sector, focusing on Asian countries, Greece, and former Soviet Union republics. The firm prefers active involvement in portfolio company management.

Founded in 2020, MOST Ventures is a venture capital firm based in Almaty, Kazakhstan. It supports Central Eurasian technological startups building disruptive and globally scalable products.

Venture to Future Fund is a Bratislava-based venture capital firm founded in 2020 that invests in technology companies in Slovakia across B2B, B2C, healthcare and IT sectors. It targets SMEs with a viable product and early market traction, seeking paying customers or signed contracts. Investments typically range from €0.5 million to €2 million and are made together with independent private co-investors on a pari passu basis. The firm prefers Slovak-incorporated companies or EU firms with a capital link to Slovakia. It emphasizes innovative solutions, strong teams, and solid execution, and aims to support growth through strategic capital and partnerships.

3TS Capital Partners is a European technology-focused private equity and venture capital firm founded in 1999 and based in Helsinki, with offices in the United States and across Europe. It provides expansion capital and buyout funding for small and mid-sized technology companies, focusing on growth sectors such as technology and internet, media and communications, and technology-enabled services, including software, fintech, cybersecurity, artificial intelligence, e-commerce and digital platforms. The firm seeks to take significant minority or majority stakes and typically assumes a board seat to guide portfolio companies. It invests across Europe, often leveraging sector partners and co-investors to add value beyond capital, and supports international expansion and operational development to accelerate growth of scalable, tech-driven businesses.

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.

MFG Invest is an angel investment group based in Sofia, Bulgaria, founded by a consortium of angel investors focused on financing venture capital. The firm aims to support early-stage startups across various sectors, providing the necessary capital and resources to foster growth and innovation. By targeting emerging businesses, MFG Invest seeks to play a pivotal role in the entrepreneurial ecosystem, helping to drive economic development in the region.

New Vision 3 is a venture capital firm based in Sofia, Bulgaria, founded in 2019, that focuses on seed- and early-stage investments in technology startups. The firm backs ventures across fintech, blockchain, artificial intelligence, cybersecurity, the Internet of Things and big data, 3D printing, robotics, nanotechnology, biotechnology, cleantech, augmented and virtual reality, and shared economy platforms, providing early capital and strategic guidance to founders.

Founded in 2017, Gradient Ventures is a venture capital firm based in San Francisco. It focuses on investing in seed-stage and early-stage companies operating in the information technology, artificial intelligence, and machine learning sectors.

Credo Ventures is a venture capital firm investing in early-stage companies across Central and Eastern Europe. Focusing on IT, Internet, and healthcare sectors, they typically invest between €0.5 million to €10 million, supporting companies with international ambitions.

VEF is a Stockholm-based venture capital firm founded in 2015 that focuses on fintech companies in emerging markets. It invests in early and growth-stage startups, takes minority stakes, and provides active governance through board representation in portfolio companies. The firm aims to support innovative financial technology businesses across the emerging world, helping drive digital financial inclusion and efficiency as markets evolve.

Founded in 1984, Sigma Partners is a venture capital firm specializing in early-stage investments. Headquartered in Boston with additional offices in California, the firm has invested in over a hundred companies across various sectors including semiconductors, mobile computing, and software.

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

A growth equity and development venture stage investor.

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 1999 and headquartered in Budapest, Hiventures is a venture capital firm focused on investing in innovative small and medium-sized enterprises with high growth potential across various sectors in Hungary and Central Eastern Europe.

Spiltan Fonder is a Swedish investment management company based in Stockholm, specializing in venture capital and private equity. The firm provides multi-stage financing to businesses across various sectors in Sweden, investing amounts typically ranging from SEK 1 million to SEK 10 million, with a preference for SEK 2 million to SEK 4 million. Spiltan Fonder seeks to partner with companies that demonstrate viable investment opportunities and have committed management teams with proven track records. The firm allocates approximately 60% of its capital to private companies while the remaining 40% is directed towards publicly listed firms, primarily through affiliated entities. Spiltan Fonder also supports portfolio companies by leveraging its extensive network of industry professionals to facilitate growth and development. Investments in private companies are guided by the potential for a realistic exit within three to five years. In addition to fund management, Spiltan Fonder offers services such as fund trading, child savings plans, and risk advisory.

Emergence Capital is a venture capital firm based in California that invests in early-stage software companies, with a focus on enterprise SaaS. It forms long-term partnerships with founders and provides strategic guidance, domain expertise, and hands-on support throughout growth. The firm concentrates on opportunities in the United States and aims to help portfolio companies scale from initial traction to market leadership through collaborative mentorship and practical resources.

Founded in 1911, Bessemer Venture Partners is a venture capital firm based in Redwood City, California. With over $4 billion under management, the firm invests globally across various sectors including artificial intelligence & machine learning, biotech, cloud, consumer, cybersecurity, deep tech, developer, fintech, healthcare, marketplaces, and vertical software. Known for its long-standing support of entrepreneurs, Bessemer has backed companies such as Pinterest, Shopify, Twilio, Yelp, and Linkedin.

CofounderZone facilitates collaboration between innovative startups lacking resources to scale, and established corporations seeking to maintain their position. It connects cofounders of startups with founders-turned-angel-investors from corporations, fostering experience exchange and co-investment in early-stage companies.

Brinc is a global venture acceleration firm headquartered in Hong Kong. It operates multidisciplinary accelerator programs across seven countries, focusing on startups in blockchain technology, AI, connected hardware, robotics, climate tech, food technology, and IoT. Brinc also supports corporations with innovation strategies and Web3-enabled businesses.

Balderton Capital is a venture capital firm based in London with an office in Berlin that backs European technology companies from seed to growth stages. The firm focuses on innovative enterprises in areas such as enterprise software and services, communications and security, semiconductors, e-commerce, consumer internet and software, mobile computing, consumer services, media and online media, fintech and financial services. It concentrates its investments in European companies, with a stronger emphasis on France, Spain and Portugal, while remaining opportunistic about opportunities outside Europe. Balderton typically engages in early and growth rounds, providing capital and ongoing support as portfolio companies mature, and commonly seeks a board seat and a minority stake. It avoids investments in life sciences and clean technology sectors.

360 Capital Partners is a Paris-based venture capital firm that backs early-stage startups across Europe, focusing on deep tech, climate technology, digital sectors, consumer goods and business services. With roughly two decades of activity, it operates across Europe with a diversified team and has an active portfolio of over 50 companies. The firm has about €400 million of assets under management. Notable portfolio companies include Alsid, Earthcube, Exotec, Arbe Robotics, Sophia Genetics, Le Slip Français and Tediber. The team is described as diverse and experienced, with offices in Paris and Milan, and it seeks to partner with talented entrepreneurs to develop disruptive companies in Europe.

Invest AG is the private equity and venture capital arm of Raiffeisenlandesbank Oberösterreich Aktiengesellschaft, specializing in investments in small and medium-sized enterprises. Established in 1994 and headquartered in Linz, Austria, the firm manages a portfolio of approximately 180 million euros, focusing on expansion and growth financing, management buyouts, and other financial strategies, while avoiding investments in tourism and restructuring. It generally invests between 1.5 million and 15 million euros, seeking a stake of no more than 49 percent in the companies it supports. The firm operates primarily in southern Germany, Austria, and Switzerland, with a particular emphasis on the Upper Austrian region for young entrepreneurs. Invest AG has invested in over 140 companies across various sectors and aims to exit its investments through methods such as IPOs and trade sales. The firm prides itself on providing long-term stability and expertise to its partners, assisting them in operational, commercial, and strategic matters.

XPV Water Partners, established in 2006, is a Toronto-based impact investment firm focused on the water sector. Comprising experienced water entrepreneurs, operators, and investment professionals, the firm invests in water and utility enterprises across North America, Europe, the Middle East, and Asia, aiming to make a positive difference in the water industry.

TechAngels is an angel network based in Bucharest, Romania, established in 2013. The organization focuses on fostering the growth of technology businesses in South-Eastern Europe through strategic investments, expert guidance, and valuable connections. TechAngels assists entrepreneurs in refining their pitch decks and evaluating their business models, thereby enhancing their chances of success. By leveraging a network of suitable investors, TechAngels aims to link startups with the necessary resources to thrive in the competitive tech landscape.

Founded in London, UK in 2015, Crane Venture Partners is a venture capital firm focusing on early-stage investments in European technology companies. It specializes in enterprise software, SaaS, machine learning, data intelligence, and artificial intelligence 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 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.

Founded in 1962, Sutter Hill Ventures is a California-based venture capital firm focusing on early-stage technology and life science companies across the U.S. With over five decades of experience, they provide expertise in business strategy development, team building, and financing to assist entrepreneurs in growing their startups.

Split Rock Partners is a venture capital firm founded in 2004. It specializes in investing in early-stage companies within the emerging healthcare, software, and internet services sectors across the Upper Midwest and West Coast regions of the United States.

Nauta Capital is a pan‑European venture capital firm based in London with offices in Barcelona and Munich. It focuses on early‑stage technology companies, primarily B2B software, and targets series A, late seed and series B rounds. With over half a billion assets under management and a team of about 20 professionals, the firm is recognized as one of Europe’s largest B2B focused VCs. Its approach is sector‑agnostic within technology, prioritizing B2B SaaS with strong network effects, vertically oriented enterprise software transforming large industries, and deep‑tech applications that address challenges faced by large enterprises.