VC Directory

GROWTH AI VCs Directory

Curated index of active venture capital funds investing in Europe and Israel. Track partners, stages, and check sizes.

Netherlands Enterprise Agency

NL

The Netherlands Enterprise Agency (RVO.nl) supports organizations in developing and scaling sustainable solutions across energy, agriculture, climate tech, and innovation. Focuses on funding, policy alignment, and international partnerships to drive systemic change in sustainability and economic growth.

Startup to scale-upGovernment-backed support for sustainable business developmentinnovation

NetmindAI

ES

NetMindAI's website content is limited, so deriving a comprehensive investment thesis is challenging. Based on the sparse information available, a hypothetical investment thesis could focus on early-stage AI companies with a focus on applications where AI can create significant efficiencies or solve complex problems. This includes areas like automation, data analytics, and other data-driven solutions. The firm likely provides not only capital but also strategic advice, access to networks, and operational support to help portfolio companies scale and succeed in a competitive landscape. The investment strategy likely prioritizes companies with strong founding teams, demonstrable traction, and a clear path to profitability. Investments are likely made in companies that can demonstrate a competitive advantage and potential for rapid growth. They might be particularly interested in companies that are developing novel AI algorithms or applying AI to new and innovative areas. Given the firm's name, a core focus might be on startups building on or leveraging existing AI models and technologies, optimizing them for specific applications, or developing innovative solutions within the AI ecosystem. This would require a deep understanding of AI technology, market trends, and the competitive landscape.

Early StageArtificial IntelligenceAutomation

Neva SGR (Intesa Sanpaolo Group)

IT

Neva SGR, the venture capital arm of Intesa Sanpaolo, focuses on building startups for the world stage by investing globally in category-leading companies addressing significant global challenges. Their mission is to empower international entrepreneurs, connect Italian entrepreneurs to the global VC network, and facilitate the entry of international entrepreneurs into the Italian industrial and scientific ecosystem. Neva aims to bridge ideas with global opportunities, supporting startups throughout their growth journey through a dedicated business development unit. Neva's investment strategy revolves around four key areas: life science, climate tech & energy transition, digital transformation, and aerospace & manufacturing. They actively seek out exceptional Italian founders, connecting them with the global VC ecosystem, and invest in international founders looking to leverage Italy's industrial and technological strengths. The firm provides hands-on support to its portfolio companies in strategic areas, fostering business promotion, coaching, organizational strengthening, financial support, and access to potential clients and partners. Neva operates multiple funds, including Neva II and Neva II Italia, aiming to achieve a collection target of €500 million and increase capital value by investing in companies with above-average growth prospects, strong founding teams, customer-centric solutions, and large addressable markets. The Neva II – Parallelo Lombardia Fund, with €20 million AUM subscribed by Regione Lombardia's Lombardia Venture STEP fund, specifically targets high-potential cleantech startups and scale-ups based in Lombardy with a TRL of 6 or higher. By combining the resources and network of Intesa Sanpaolo with a dedicated international VC team, Neva aspires to attract the best founders and facilitate the growth of innovative companies with global potential, contributing to the evolution of a sustainable, advanced, and interconnected future.

Not explicitly mentioned but implied to be early to growth stage, potentially Series A to Series C based on Luca Saldi's focus.life scienceclimate tech & energy transition

Neveq

EE

NEVEQ is a venture capital firm that invests in early-stage and growth-stage companies, primarily in Europe and emerging markets. They aim to generate above-average investor returns through global investments. They look for companies with strong international potential, as evidenced by the statistic that over 90% of their portfolio companies' revenue comes from international clients. Their portfolio spans enterprise software, analytics, vertical marketplaces, fintech, and internet sectors. They seek to partner with companies en route to scaling user base.

seed, early, growthenterprise softwareanalytics

Newable Ventures

GB

Newable focuses on powering business growth in regulated B2B markets through a 'Buy, Grow, Realise' strategy, emphasizing sustainable and responsible investment practices with a strong ESG commitment.

GrowthBuyGrow

Next Commerce Accelerator

Hamburg, DE

Next Commerce Accelerator (NCA VC) operates as a venture capital firm connecting startups with corporate partners. From 2017 to 2025, they invested in 77 B2B startups, partnering with over 25 corporate LPs to foster venture-scale outcomes from validated demand. Their investment approach involves helping enterprises de-risk innovation by engaging with venture-ready startups. They frame problems with business owners, scout and screen the market, and conduct a selection process aligned with their corporate partners' needs, supporting selected startups to drive pilots that lead to measurable business results. NCA VC's process includes a Product Market Fit approach involving venture-client pilots with corporate partners, starting from problem framing and startup fit, progressing through pilot phases, and aiming for scale. They also focus on scouting and selecting startups aligned with their corporate partners’ needs, providing search- and venture radar with defined search fields and quarterly market views mapped to partner roadmaps. The firm also provides portfolio support, offering ongoing operator support beyond the initial financing round. Their program highlights include product field workshops, startup speed-dating sessions, startup roadshows involving on-site corporate visits, demo days & demo dinners, and innovation days, which involve numerous participants and matchmaking opportunities. These initiatives facilitate connections and collaboration between startups and corporate partners, with the aim of driving innovation and growth. The firm's investment strategy focuses on B2B startups operating in sectors such as B2B SaaS, AI, data & automation, trade & commerce, logistics, construction, and circularity. Their model centers around connecting startups with corporate partners to validate demand and generate venture-scale outcomes.

Not mentioned, likely early-stage given accelerator modelB2B SaaSAI

Nextalia Ventures

Milan, IT

Nextalia is an integrated private market platform enabling sustainable long-term growth for Italian companies by providing capital, operational support, and ESG integration across their lifecycle. Focused on fostering innovation and consolidation in high-potential sectors.

Growth-stage and expansion-focused investments (across early, growth, and later stages)Supporting SMEs and scale-ups across Italy with capitalexpertise

Nextech Invest

Zurich, CH

Nextech Invest is a venture capital firm based in Zurich, Switzerland, focused on identifying and fueling the success of emerging biotechnology companies worldwide. Their primary focus is on transformative cancer medicines. They aim to nurture their portfolio companies through crucial stages of scientific validation and value creation, providing support during critical moments of growth and development. The firm emphasizes a commitment to accelerating advancements in precision medicine.

Emerging companies (stage not explicitly mentioned but implied to be early to mid stage due to 'nurturing through critical moments of scientific validation')BiotechnologyCancer Medicines

Nextstage

Paris, FR

NextStage AM is a pioneer and specialist in Capital Development, focusing on supporting growth-stage SMEs and ETIs (mid-sized companies). Their investment approach is rooted in an entrepreneur-investor DNA, prioritizing patient capital and close collaboration with management teams to foster long-term value creation. They aim to identify and nurture champions in various regions, enabling them to revolutionize their markets and expand globally. The firm integrates innovation, international development, and strategic acquisitions to enhance the growth trajectory of its portfolio companies. NextStage AM's investment strategy emphasizes environmental, social, and governance (ESG) factors, demonstrating a commitment to responsible investing and sustainable value creation. They signed a "Charter of Entrepreneur-Investor in Patient Capital" in 2017, solidifying their vision for ESG integration and empowering entrepreneurs to realize their full potential. The firm's platform offers diverse investment vehicles catering to both private and institutional investors, allowing them to participate in the growth of innovative mid-sized companies. These vehicles span eligibility for insurance-linked savings products (Assurance-Vie & PER) to dedicated mandate solutions for institutional clients. Their approach includes fostering co-creation and knowledge sharing among portfolio companies, facilitating best practice exchanges, and identifying business opportunities. They provide operational support, including assistance with innovation integration, international expansion, strategic acquisitions, team reinforcement, and financial optimization, to help companies become high-performing and sustainable leaders in their respective industries. NextStage AM's team, comprised of seasoned investors and entrepreneurs, brings extensive expertise to support portfolio companies through various stages of growth. Ultimately, NextStage AM aims to build European and global champions by providing the necessary capital, expertise, and network to help companies scale and achieve their full potential. Their patient capital approach, combined with a strong focus on ESG principles and collaborative partnership with entrepreneurs, differentiates them in the competitive private equity landscape.

Growth stage, SMEs, ETIsGrowth CapitalPrivate Equity

Nezlamni Fund

EU

Invests ethically in Ukrainian tech startups to drive growth, expand export potential, foster a sustainable startup ecosystem, and enhance global security.

Early-stageEarly-stage technology startups

Nine Realms

DK

Nine Realms Venture Capital focuses on empowering future supply chains, a $7 trillion global market they see as ripe for disruption due to analog processes and inefficiencies. They recognize the significant impact of supply chains on carbon emissions, accounting for 90% of emissions outside a company's direct control. They believe the accelerating pace of change and macroeconomic disruptions increase the urgency to innovate within this sector. Their investment strategy revolves around optimizing supply chains through digitization and AI, enhancing delivery times, cost efficiency, reliability, reducing carbon emissions, and improving inventory turnover. They also prioritize automation through software-driven solutions integrated with robotics and drones, targeting labor inefficiencies and shortages. Sustainability is a key focus, with investments in solutions that promote transparency and sustainable movements of goods, reduce harmful materials, emissions, and waste. Nine Realms aims to invest in founders with dual expertise in technology and industry that can foster disruptive business models. They look for early-growth companies to leverage their industry expertise to gain traction and bridge the gap between early-stage specialists and later-stage growth equity. A core part of their thesis is helping supply chain startups identify, realize, and leverage the profound environmental impact their innovations create. They provide value creation and partnerships by engaging actively at board and operator levels. This specialized support comes through their own expertise, their networks, and their corporate partners. Their investment approach centers on tech-enabled business models with significant product-market fit in the supply chain sector.

Early growth companiesOptimizationAutomation

Nord Holding

Hannover, DE

NORD Holding is a German private equity firm focused on transforming medium-sized business models through a collaborative, eye-level partnership approach. They aim to develop the value of companies, acting as a partner for ambitious managers and leading investors, offering customized and return-oriented investment solutions. The firm prioritizes reliability, creativity, and success in its investment approach, seeking to strengthen growth and create value for both society and the economy. They strive for continuous success based on strong stakeholder relationships, market knowledge, and experience. Their individual and flexible investment approaches are tailored, moving away from standard solutions. They partner with companies to provide tailor-made solutions and enhance company value.

Mid Cap, Small CapSmart IndustriesSoftware/IT-Services

Nordic Alpha Partners (NAP)

Copenhagen, DK
N

Nordic Alpha Partners (NAP) is an industrial greentech fund focused on driving a technology-driven green re-industrialization. They aim to identify, de-risk, and scale tomorrow's green technology leaders based on economic sustainability principles. NAP's investment approach centers around supporting pioneering companies in their scaling phase with a unique operational toolkit. The firm believes that the push for sustainable industry represents a significant market opportunity, driven by the need for new and pioneering technologies across various sectors. They recognize that reindustrialization is dependent on asset-heavy technology and cannot be solved through balance sheet exercises. NAP emphasizes "Hypertransformation", acknowledging the complex forces that impact growth-stage pioneering technologies including value chain disruption, new technology adoption, intense capital expenditure, and managing hypergrowth. They use the principle of "Economic Sustainability" to guide investments, finding a sweet spot between sustainable impact and growth potential. This is achieved by assessing capital efficiency relative to the potential CO2 impact, ensuring investments are viable and impactful. NAP distinguishes itself through a highly operational approach, with a significant portion of their team dedicated to active value creation. They provide more than just capital, offering distinct formulas for creating, de-risking, and managing hypergrowth to enable portfolio companies to unleash their full potential. This value-add approach is intended to create above-average returns by tackling challenges associated with the scaling phase of these companies. Their mission is to invest in innovative industrial GreenTech companies that drive meaningful change, contributing to cleaner, smarter, and more efficient industries. They target companies leveraging the renewable energy transition and decarbonization demands to become category leaders.

GrowthEnergy TransitionAgriculture

Nordic Angel Program by FiBAN

Helsinki, FI

FiBAN is a non-profit association of private investors focused on inspiring private investments and making Finland the best country for growth-company investing. As one of the largest and most active business angel networks globally, with over 600 approved members, FiBAN aims to bridge the gap between startups seeking funding and experienced angel investors. Their strategy encompasses matching startups with investors, providing certified investor education, and representing the public interests of private investors. FiBAN's operations are guided by the values of Integrity, Cooperation, Independence, and Responsibility. They facilitate access to quality deal flow for investors, providing an active and supportive investor community with numerous annual events and co-investing opportunities. For startups, FiBAN offers access to a network of experienced angel investors with a median funding round of up to 300,000 euros, and the chance to pitch to investors and funds. FiBAN actively cultivates a strong angel investing ecosystem by producing frequent insights and research on angel investing in Finland. Their angel investment database consists of over 480 million euros invested into more than 2000 startups since 2011. The network also aims to promote cross-industry collaboration and founder-investor cooperation to establish a clear growth pathway for companies, including those in the creative industries. This involves fostering a culture where creative companies are aware of various funding instruments and can seek private capital for scalable growth. Recent initiatives, such as Creative Angels, demonstrate FiBAN's commitment to exploring new investment opportunities and addressing funding gaps in specific sectors. By actively connecting angel investors with creative entrepreneurs, FiBAN seeks to unlock the investment potential of the creative industries and support their growth. Furthermore, FiBAN collaborates with organizations like Epicenter to strengthen the growth company ecosystem in Finland and foster international connections.

Early-stage, SeedTechnologyCreative Industries

Nordic Capital

Stockholm, SE

Nordic Capital aims to drive transformative growth in its portfolio companies through deep sector knowledge and operational capabilities. Their vision is to continue developing market-leading businesses, be the preferred partner for motivated business owners and management teams, attract top talent, and contribute positively to society. They emphasize a selective investment approach, focusing on companies with high growth potential and avoiding reliance on external economic factors. Value creation is driven primarily by sales growth, supported by a strong operational framework. Their approach involves close collaboration with portfolio companies, offering strategic guidance and structured support through various phases of growth.

GrowthHealthcareTechnology & Payments

Nordic Eye

Copenhagen, DK

Fiftyfive Capital is a venture capital firm headquartered in Copenhagen, Denmark, focusing on growth-stage companies within the technology and lifestyle sectors. They seek investments with strong revenue potential and a clear path to international expansion. The firm differentiates itself by actively engaging with portfolio companies post-investment, leveraging their experience in areas like IT consulting, metadata, digital data, SaaS, big data, property, finance, sales, change management, and customer journey knowledge to add value. Their investment approach involves identifying companies with proven product-market fit and aiming for exits when scalability is proven. They also emphasize responsible investing, integrating ESG policies with their business strategy to foster value creation and long-term success. Fiftyfive Capital's strategy is encapsulated by their "We Spot. We Add. We Exit." approach. They "Spot" unique cases with scalable potential, aligning with their capabilities. They "Add" value through active involvement and leveraging their diverse team's expertise to overcome technical and commercial challenges. Finally, they "Exit" when the company demonstrates proven scalability, generating returns for investors. This hands-on approach, combined with a focus on emerging trends and a commitment to responsible investing, defines their investment philosophy. In addition to their primary investment activities, Fiftyfive Capital operates a Liquidity Fund that invests in secondary shares of exit-ready European technology companies. This fund targets attractive risk-adjusted returns and a shorter path to distributions by acquiring existing shares from founders, employees, and early investors, providing liquidity where it is needed most.

Growth-stageTechnologyLifestyle

Nordic Option

Oulu, FI

Nordic Option invests in high-growth companies primarily in Northern Finland, leveraging its expertise in scaling businesses through active partnership, operational support, and a strong network. The firm emphasizes sustainability, transparency, and value creation through responsible and long-term collaboration with entrepreneurs.

GrowthGrowth-stage companies with scalable business modelsparticularly in Finland and Northern Europe

Nordic Science Investments (NSI)

Helsinki, FI

Nordic Science Investments (NSI) partners with founders to transform groundbreaking university research into successful startups. They focus on early-stage, science-based startups and university spinouts in the New Nordics, particularly in deeptech, healthtech, and life sciences. NSI aims to bridge the gap between academia and commercialization, derisking teams for further investment and co-investing with others. Their mission is to turn hidden scientific discoveries into groundbreaking innovations that redefine industries and improve lives. They partner with founders and universities who share a vision of promoting global sustainability and well-being. By fueling growth in disruptive sectors such as advanced materials, AI-driven technologies, and synthetic biology, they empower innovative solutions that address global challenges. NSI's value extends beyond capital, offering synergistic deals and a partner network managing similar vehicles in the UK and North America. They strengthen Tech Transfer Offices’ commercialization efforts by partnering with universities, generating deal flow through their IP screening expertise. They also attract top spinout CEOs who value their specialist approach, helping mitigate early-phase investment risks.

Pre-seed, Seed, Series A, Series Bdeeptechhealthtech

Nordwind Growth

DE

Nordwind Growth is a German growth private equity firm that provides capital and strategic/operational support to technology companies in Germany, Austria, and Switzerland. They focus on creating value for their investors by targeting companies with scalable and proven business models, outstanding founder and leadership teams, and tech-driven competitive advantages. The firm prioritizes companies with a history of cash-efficient growth and solid core values and principles. Nordwind Growth aims to partner with companies that have demonstrated market traction and possess the potential for significant expansion within the DACH region. Their investment strategy seems to center on identifying and supporting companies with defendable technology and a strong focus on building sustainable, profitable businesses.

GrowthTechnology

Norfund

Oslo, NO

Norfund is the Norwegian Investment Fund for developing countries, owned and funded by the Norwegian Government. It acts as the government's primary tool for fostering sustainable businesses that generate employment and alleviate poverty in developing nations. The fund operates on commercial terms as a responsible minority investor, forging strong partnerships to realize its mission. It actively seeks solutions specifically tailored to the unique contexts of the countries where it invests, leveraging its local presence to maximize impact. Norfund aims to create jobs, improve lives, and support the transition to net zero in its investment activities. The fund's overall mandate, as defined by the Norfund Act of 1997, is to contribute to the development of sustainable businesses and industries in developing countries by providing equity capital and other forms of risk capital. Norfund strategically focuses on countries and investment areas where it can have a significant impact and where its development contribution is likely to be substantial. This includes being willing to assume more risk than many other investors, particularly in regions where capital is scarce and perceived risk is high. Norfund prioritizes direct equity investments but also utilizes loans and fund investments. It actively adds non-financial value to its investments through expertise and active ownership, enhancing both the profitability and development impact of its portfolio companies. Norfund invests in companies that contribute to economic and social development through direct and indirect job creation, the provision of essential goods and services, and the payment of taxes. Through its Climate Investment Fund, Norfund supports the transition to net zero by investing in renewable energy projects in emerging markets and developing countries with significant emissions from fossil fuel-based energy production. In addition to its core development and climate mandates, Norfund has a dedicated mandate to support the resilience and reconstruction of Ukraine through investments in sustainable businesses. The fund's activities are concentrated in 30 core investment countries, mainly in Sub-Saharan Africa, with additional investments in selected countries in Asia and Latin America. Its climate mandate focuses on 13 core countries in North and Southern Africa, and in South and Southeast Asia.

Not specified, but seems to focus on growth stageRenewable EnergyFinancial Inclusion

Norrsken Accelerate

Stockholm, SE
N

Norrsken invests in founders building solutions to global challenges, emphasizing scalable impact alongside financial returns. The organization operates multiple independent funds with tailored geographical and stage focuses, supporting entrepreneurs who prioritize positive societal change alongside business growth.

Early-stage to growth-stage (varies by fund)Impact-driven startups addressing global challenges (e.g.climate change

Norrsken Evolve

SE

Norrsken Evolve is a pre-seed fund focused on supporting early-stage founders in Europe who are building resilient and sustainable solutions to address critical global challenges. The firm aims to turn crisis into opportunity by investing in companies redefining industries like energy, manufacturing, transportation, construction, food production, healthcare, information security, and democratic safeguards. They believe Europe has the science, innovation, talent, and investor demand to foster the next wave of global technology leaders. They target founders who understand the severity of current challenges and are determined to create a positive impact on the world. Norrsken Evolve provides capital, a world-class in-person program, and a strong network to accelerate the growth of its portfolio companies. The firm emphasizes that economies, industries, and ways of living must evolve in the face of unprecedented risks, and the founders they back will lead this evolution. They seek visionary entrepreneurs capable of building companies that can positively impact 1 billion lives across the globe and have the potential to grow into impact unicorns. Their investment strategy focuses on pre-seed stage companies with the potential to revolutionize various sectors and address environmental, social, and governance (ESG) concerns. They are looking for companies that will redefine how we generate energy, rebuild manufacturing, move goods, construct buildings, produce food, treat our sick, secure our information, protect democracy, and safeguard our societies from climate disruption. Norrsken Evolve aims to lead the evolution necessary for Europe to step up and address the challenges the continent is facing. They invest in founders with a focus on building a resilient and sustainable future for Europe, providing them with the necessary resources and support to achieve their goals and make a significant positive impact on the world.

Pre-seedGreen/CleantechProptech

Norrsken Foundation

Stockholm, SE

Norrsken Foundation is a non-profit organization dedicated to fostering entrepreneurship and leveraging technology for positive global change. They operate on the belief that entrepreneurs and technology are powerful forces capable of addressing some of the world's most pressing issues. Their approach involves building an ecosystem where founders can access the resources they need to build businesses focused on solving significant challenges. They are creating hubs, or 'Houses', in various locations around the world like Stockholm, Kigali, Brussels, Barcelona, and Amsterdam to support these founders and investors. Norrsken aims to support and cultivate companies that can have a meaningful and positive impact. They are focused on companies that are addressing global challenges like climate change and poverty. They also appear to be concerned with the mental health and wellbeing of people, as mentioned on the homepage. The foundation seeks to create a network effect where founders can connect with investors and other support systems to help scale their businesses, and is dedicated to the concept of impact investing that prioritizes creating positive impact alongside financial returns. Their commitment to impact is evident in their 'Impact 100' initiative, although the specifics are not detailed. They also actively support a number of portfolio companies within their network. They aim to create a model that can be emulated, highlighting Sweden as an example of successful impact investing. Ultimately, they hope to support entrepreneurs building scalable businesses to solve the world's most pressing problems. Norrsken acknowledges the challenges of balancing growth with sustainability and addressing issues such as addiction, obesity, and mental health. They aim to support and promote entrepreneurs that can create solutions to these pressing societal issues, thereby contributing to a more sustainable and equitable future. The foundation's ultimate goal is to create an ecosystem where businesses can thrive while simultaneously addressing some of the world's most significant problems.

Not explicitly mentioned, but appears to support early stage companiesImpact investingtechnology for good

North-East Family Office

N

North-East Family Office (NEFO) was established in 2013 by the founders of Pandora. The firm's primary objective is to preserve the material and ethical values of the families it serves for the benefit and enjoyment of future generations. This overarching goal is pursued through various investment arms, including North-East Private Equity, North-East Venture, and North-East Asset Management. NEFO operates with offices in both Copenhagen and Singapore, reflecting a global perspective on investments. North-East Venture, specifically, engages in venture capital investments, overseen by Michael Vangsgaard as CEO. North-East Private Equity activities in Asia are managed by Eugene Chua (Investment Manager) and Sam Robinson (Senior Advisor). These divisions suggest a targeted approach to different asset classes and geographies. The existence of distinct teams for private equity and venture highlights a structured investment process tailored to each asset type. NEFO's structure reflects a comprehensive approach to wealth management, encompassing not just financial returns but also the preservation of family values. The multiple locations and specialized teams point to a sophisticated operational setup designed to cater to a diverse investment portfolio. NEFO’s investment strategy appears diversified across asset classes including venture capital, private equity, and asset management, reflecting a holistic approach to wealth preservation and growth for the families they serve.

Not explicitly mentioned, but likely early-stage for venture capital and growth-stage for private equity.Not explicitly mentionedbut areas include venture capital