VC Directory

AI VCs Directory

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

Ilmarinen

Helsinki, FI

Ilmarinen is a Finnish earnings-related pension insurance company. Their primary focus is on providing pension security for employees, the self-employed, and private customers. They offer services related to TyEL insurance for employers, YEL insurance for the self-employed, and manage individual pension accounts. A key theme is promoting work ability and managing careers, evolving their services to meet the changing needs of the working population. Recent news indicates a focus on the financial stability of the pension system, with discussions around retirement age and international comparisons. Ilmarinen also emphasizes digital accessibility and online services for managing pension and rehabilitation matters. Ultimately they ensure customers know about contributions and possible support, making it a sustainable and dependable social safety net.

Growth stage (primarily unlisted growth companies)Pension insurancework ability management

Impact Fund Phase2.earth

CH

Impact Fund Phase2.earth focuses on investing in start-ups and scale-ups that are working to improve social and environmental sustainability. They aim to support companies that can make a positive impact on the world, offering them the resources and knowledge to develop and grow. The fund emphasizes learning from and improving each other, promoting progress through collaborative efforts. Their investment philosophy seems to align with companies whose values embody compassion, contributing to both social well-being and ecological balance. Phase2.earth seems to be particularly interested in companies that contribute to the UN's Sustainable Development Goals (SDGs). Several portfolio companies are highlighted for their contributions to SDG 2 (zero hunger, sustainable agriculture), SDG 7 (affordable and clean energy), SDG 12 (responsible consumption and production), and SDG 13 (climate action). This suggests a deliberate focus on investments that actively address global challenges. The fund seeks to invest in companies providing innovative and sustainable solutions, showcasing technologies like lightweight solar panels, PAR+ coatings for greenhouses, and lifecycle assessment software for environmental impact reduction. They appear to invest in companies located in the Netherlands with interest in companies that may expand to Southern Europe and the United States. Overall, Phase2.earth's investment strategy is deeply rooted in creating a positive societal and environmental impact. They offer not only financial support but also strategic guidance and industry knowledge, helping portfolio companies scale their operations and achieve their sustainable development goals.

Start-ups, Scale-upsRenewable EnergySustainable Agriculture

Impact VC Übermorgen

DE

Übermorgen Ventures focuses on addressing the climate crisis by investing in early-stage startups that are building a resilient and zero-carbon economy. They believe that climate change presents an opportunity to disrupt industries and generate long-term value. The firm invests across three key areas: decarbonization, carbon removal, and adaptation & resilience. In decarbonization, they target technologies that reduce emissions across various sectors like energy, transportation, and agriculture. For carbon removal, they fund technologies that extract carbon dioxide from the atmosphere, alongside the development of markets that support these solutions. Lastly, they support adaptation and resilience measures to manage climate risks, protect ecosystems, and reduce vulnerability to environmental challenges. Übermorgen Ventures aims to empower founders to create scalable businesses that address climate at scale. They believe that climate tech is no longer a niche but a horizontal layer transforming every major industry. With an evergreen model, they aim for long-term impact and partner with entrepreneurs, scientists, and business leaders who share their mission. Übermorgen Ventures facilitates access to granular energy data, empowering developers to focus on innovation and integrate energy data into their applications seamlessly. Their investment approach also includes supporting efforts on measurement, reporting, and verification capabilities within the carbon removal space. The firm views investment in climate tech as critical for a sustainable future, seeking to foster innovation in areas like energy efficiency, electric vehicle charging, and demand response solutions. They support solutions like enhanced rock weathering, which helps remove emissions while also enhancing soil health and fertilizing crops. Übermorgen's vision is to unlock possibilities for fresh energy management solutions and accelerate the green energy transition. They see the potential of breeding enough tritium to maintain steady state consumption by fusion devices, as well as breeding excess tritium to start up the next reactor. They aim to support the development of technology that refines the filtration of impurities from hydrogen, allowing maximal throughput as fast as possible.

Early-stage startups, Pre-seed, SeedDecarbonizationCarbon removal

Impact Venture Fund Shift4Good

CH

Shift4Good is a venture capital firm dedicated to decarbonizing transportation, a sector responsible for 20% of global CO2 emissions. As the world's largest venture fund focused on sustainable mobility, they empower entrepreneurs to drive impactful change. They invest in software, hardware, and service solutions that drive the decarbonization of transportation at scale, targeting startups that are transforming the movement of goods and people. The firm focuses on air, road, rail, and maritime sectors, as well as the circularity of transportation. Shift4Good leverages strategic LPs to boost speed, scale, and returns. Their model accelerates tech execution, business validation, global expansion, and partnerships. They also utilize a proprietary scorecard to assess opportunities and design improvement plans for each portfolio company. The firm emphasizes acting with conviction, partnering to scale, and sharing for impact, creating a loop of insight, opportunity, and mutual gain where entrepreneurs and investors grow stronger together. Their strategy involves writing meaningful checks and staying the course across stages because real change takes time, resilience, and belief. Shift4Good's global platform connects startups to strategic allies, operational support, and a deep ecosystem of mobility leaders. The firm aims to reshape how capital and industry interact to accelerate the global decarbonization of transport through a shared investment platform, cross-regional initiatives, and joint industry engagement. This includes connecting corporate demand with high-impact transport and energy solutions, anchoring long-term collaboration between industry and innovators.

Series A & BSoftwarehardware

Impact X Capital

GB

Impact X Capital Partners focuses on investing in underrepresented founders across Europe. They aim to address the significant disparity in venture capital funding, where Black, female, and other underrepresented founders receive a disproportionately small share of investment. They believe that untapped potential exists within these communities and that investing in these founders can generate both strong financial returns and positive social impact. The firm's strategy involves identifying and supporting high-growth, scalable businesses led by diverse teams. They look for companies that are solving real-world problems and have the potential to disrupt traditional industries. Impact X emphasizes a data-driven approach to investment, leveraging their network and expertise to provide value beyond capital. They actively seek out founders who may be overlooked by traditional venture capital firms, offering them access to funding, mentorship, and resources. Impact X sees a market opportunity in backing companies that reflect the diverse customer base of the global economy. They believe that diverse teams are better equipped to understand and cater to the needs of a wider range of consumers, leading to greater innovation and market success. The fund aims to build a portfolio of companies that are not only financially successful but also contribute to a more inclusive and equitable society. The firm is committed to providing their portfolio companies with the support they need to scale and succeed. This includes access to a network of mentors, advisors, and industry experts, as well as assistance with strategic planning, talent acquisition, and business development. Impact X aims to be a trusted partner to their founders, providing guidance and resources every step of the way.

Seed, Series ATechnologyDigital

ImpactAssets

US

ImpactAssets partners with investors to deploy capital toward measurable social and environmental impact, combining proprietary impact investment platforms with tailored philanthropic solutions. The firm focuses on sectors like energy transition, clean transportation, economic empowerment, healthcare access, education, and poverty alleviation, aiming to create scalable positive change globally.

Early-stage to institutional-scale impact investments and fundsImpact-driven private equityphilanthropic giving

In-Q-Tel (IQT)

US

IQT operates as a not-for-profit strategic investment firm established by the CIA in 1999. Their mission is to accelerate the transition of groundbreaking technologies from the private sector to the public sector, enhancing the national security and economic prosperity of America and its allies. They identify startups with game-changing innovations in strategic technology areas, evaluate how these innovations can serve the mission needs of their government partners, and leverage their in-house expertise to adapt and transfer cutting-edge technologies for maximum impact. Their approach involves envisioning over-the-horizon developments in key frontier tech domains and engaging their platform to facilitate these transitions. This includes a Global Security Investing mission that focuses on global insights into the venture capital-backed technology ecosystem, ensuring they remain at the leading edge of tech-driven innovation. IQT's investment strategy centers on identifying and investing in companies that are developing technologies with the potential to address critical mission challenges for the U.S. national security community. This involves providing not only capital but also strategic guidance and support to help startups adapt their products for government use while enhancing their commercial success. They focus on bridging the gap between the technology needs of the intelligence and defense communities and the innovative capabilities of the private sector. Their platform aims to de-risk technologies and accelerate their adoption by government partners. Over the past quarter century, IQT has evolved from a U.S.-centric organization focused on information technology to a global investment platform spanning a wide range of frontier technologies, including biotechnology, microchips, AI, and space systems. They have established enduring strategic relationships with over a dozen U.S. government partners, as well as with the United Kingdom and Australia. This extensive network and deep expertise in adapting technologies for government use enable them to deliver significant mission impact while driving commercial success for their portfolio companies. They emphasize a mission-driven approach and possess deep in-house expertise spanning engineering, operations, investment, and program management. Their team covers a range of technologies, including space systems, AI, biotech, and microelectronics. Through various initiatives such as the Government Platform Accelerator program and IQT Emerge, they aim to speed up startups’ successful entry into the government market and nurture technology development to support the national security community.

Not explicitly mentioned, but likely early to growth stages, focusing on companies with technologies relevant to national security.AISpace

In4Capital

GB
I

In4Capital aims to bridge the funding gap by providing fundraising software and fostering an impactful investing community. They offer tools for startups to become investable and connect with investors, and provide investors with access to deal flow and analytics. Their services extend to service providers, enabling them to upgrade their clients' fundraising capabilities. The core of their strategy revolves around matching startups with suitable investors through a smart algorithm and network, facilitating communication and tracking investor interest.

InHealth Ventures

I

InHealth Ventures focuses on partnering with outstanding founders seeking to re-engineer healthcare. They aim to build companies addressing urgent, pervasive, and substantive healthcare challenges at scale. The firm emphasizes a long-term, collaborative approach, supporting companies on their journey with patience and expertise. They believe early intervention and improved patient outcomes are key, particularly in areas where AI and diagnostics can enhance clinician capabilities. They leverage their team's experience and access to a wide-ranging network, including InHealth, one of Europe’s largest healthcare providers, to provide comprehensive support across product development and go-to-market strategies. They have a global vision, investing across North America, Europe, and Asia, and prioritize helping portfolio companies with international expansion. Their approach involves utilizing the team’s breadth of experience across healthcare to provide a distinctive combination of perspectives and capabilities for portfolio companies as they scale.

Not explicitly mentionedHealthcareAI-powered diagnostics

Inclimo

ES

Inclimo invests in exceptional teams that generate systemic change through technology for a more sustainable world. The firm focuses on ClimateTech companies as a key opportunity to contribute significantly to global sustainability. They use Environmental, Social, and Governance (ESG) factors as a framework to analyze the ability of companies to be profitable, accelerate growth, and increase their impact on decarbonization. They believe in systematizing processes to improve the effectiveness of business models, designing management tools for identifying, selecting, and managing portfolio companies, and helping them to improve their economic growth and climate impact.

Early StageClimateTechCircular Economy

Incore Invest

Sweden

Incore Invest focuses on growth-stage investments, building close relationships with founders, management teams, and existing owners to help businesses expand. They target high-growth technology-driven companies with proven business models and strong scaling potential. Their investment approach blends active ownership with close founder collaboration, leveraging scaling expertise, international networks, and transactional experience to help portfolio companies navigate growth, strategic partnerships, M&A, and IPOs. They add value through hands-on support and strategic guidance, aiming to nurture promising fintech and software companies in Europe and beyond. They partner with businesses where they can add value through active ownership, building on a foundation of trust, alignment, and shared ambition. They also have a strong track record of scaling businesses efficiently, positioning them well to support founders on their growth journey.

Series AFintechSaaS

Incuba Venture

Aarhus, DK

Incuba Venture is a science park and professional community based in Aarhus, Denmark, focused on fostering the growth of knowledge-driven startups, spinouts, scaleups, and corporates. They provide optimal facilities, a dynamic community, and access to investors, mentors, researchers, students, and business specialists. Incuba's strategy involves creating a tailored innovation environment for ambitious scaleups and top-tech performers, offering scalable office facilities, networking opportunities, sparring sessions, and connections to investors and research institutions. They aim to bridge the gap between research and commercialization, providing a platform for companies to accelerate their growth and achieve international success. Incuba's primary objective is to facilitate the advancement of companies within IT/tech, cleantech, and life science sectors. They achieve this through various programs, including StartupLab, and by creating environments where startups, investors, and research institutions can collaborate. Incuba also offers events and networking opportunities, fostering a community of knowledge sharing and mutual support. Through its community and resources, Incuba aims to provide companies with the tools and connections necessary for rapid growth and scaling. Incuba serves as a hub for innovation, connecting early-stage companies with the resources and expertise they need to succeed. They emphasize the importance of collaboration between startups, investors, and research institutions, aiming to create an ecosystem that promotes innovation and accelerates growth. Incuba's involvement in recent news highlights the firm's dedication to fostering the growth of its portfolio companies and providing them with the resources necessary to attract international investment and scale their operations. They aim to become a central hub in the Danish startup ecosystem, particularly in Aarhus, as a tech city. Incuba showcases the success of its companies through metrics such as the amount of funding raised by resident companies and the percentage that have launched new products. They also offer skræddersyet innovationmiljø (tailored innovation environment) and welcome ambitious scaleups and top-tech performers, underscoring their commitment to nurturing high-potential companies. They see themselves as a place where people, knowledge, and capital come together in professional settings, allowing companies to move faster and grow stronger, all while being part of a collaborative and supportive community.

startups, spinouts, scaleupsIT/techcleantech

Indaco Venture Partners

EU
I

Based on the limited information, it's difficult to construct a robust investment thesis. The data doesn't explicitly state Indaco Venture Partners' specific thesis or strategy. However, inferring from the context of Maddyness as a media platform covering the French tech and startup ecosystem, Indaco Venture Partners likely invests in early-stage, innovative companies. Their investments may span across various sectors, but the focus remains on supporting the next generation of disruptive startups. The "Portfolio" section of Maddyness highlights startups, technologies and operations that are considered innovative. This points to a possible interest from Indaco in funding such ventures. Given the general theme of Maddyness covering economic development and technological advancement, it is safe to assume that Indaco Venture Partners targets companies that are positioned to significantly impact the future economy. Further research would be required to understand the depth of their investment approach, the specific metrics they value, and how they engage with their portfolio companies to accelerate growth. Without detailed information on their website about their investment philosophy and values, a comprehensive summary remains elusive.

Unknown, needs further researchUnknownneeds further research

Indico Capital

Lisbon, PT
I

Indico Capital Partners invests in globally promising Portuguese, Spanish, and Italian companies, focusing on tech and sustainable ventures. In the tech space, they target unique Software as a Service (SaaS), Artificial Intelligence (AI), Deeptech, Spacetech, Healthtech, Oceantech, Fintech and Consumer companies, investing from Pre-Seed to Series A (from 500k to 10M euros), and selectively backing companies at Series B and C as well. Sustainability is integrated into all investments, with a particular emphasis on ocean-related startups and SMEs headquartered or with significant operations in Portugal. For ocean-focused companies, they seek globally differentiated startups with a positive impact on marine ecosystems and SMEs with the potential for significant global expansion, investing between 100k and 5M Euros. Indico believes that Southern European entrepreneurs possess a unique international mindset from day one due to their limited local markets. The firm aims to provide exceptional local talent with the capital and knowledge needed for global expansion. Their partners group has experience both as investors and entrepreneurs, they aim to leverage Southern European talent for global influence. Their investment philosophy centers on backing entrepreneurs transitioning from local to global markets. They look for teams that are highly ambitious, excel at execution, and are willing to partner closely with the firm. They seek businesses with a huge potential addressable market, aiming to back companies that can become global category winners. When investing in sustainable SMEs, they focus on growth potential and aim to multiply revenues and margins considerably with expansion capital.

Pre-Seed, Seed, Series A, Series B, Series CSaaSArtificial Intelligence (AI)

Industrya

BE

Industrya is a hands-on investment fund that focuses exclusively on the Industry 4.0, energy transition, and new materials sectors. They aim to support passionate and bold entrepreneurs who offer sustainable and innovative industrial solutions to meet societal challenges of the 21st century. Their investments span from Seed to Scale-up, providing the means for companies to achieve their ambitions. Industrya operates as an initiative of the John Cockerill industrial group and brings together the investment funds of SFPI-FPIM, Wallonie Entreprendre, NOSHAQ, and LRM, giving them access to a broad network and resources to support their portfolio companies. They look for startups developing solutions related to sustainable industrial production, new materials, preservation of natural resources, AI, hydrogen, energy transition, Smart Manufacturing & Industry 4.0, IoT, Big Data, Blockchain and Robotics.

Seed, Serie A, Serie B, Scale-upIndustry 4.0energy transition

InfoCapital

Wrocław, PL

InfoCapital, operating under the brand EDORADCA, focuses on assisting businesses in Poland with securing investment grants and development funds, primarily from the European Union. Their core service revolves around helping companies navigate the complexities of EU funding and tax incentives. They support research and development (B+R) projects, investment initiatives including green energy (OZE) ventures and tax relief schemes. With 24 years of experience, they claim to have successfully delivered over 3200 grant and tax relief projects for their clients. Their investment "thesis" is more accurately described as a service offering. They facilitate access to capital for companies across various sectors by managing the application and compliance processes associated with EU grants and tax benefits. They appear to focus on mature businesses with a demonstrated need for funding to support R&D or investment projects. While not a traditional VC firm investing equity, they play a critical role in the Polish ecosystem by lowering the barrier to entry for companies seeking non-dilutive capital. They serve as an intermediary and expert guide through a complex funding landscape, enabling growth for their clients.

GrowthResearch and DevelopmentInvestment

InfraVia Capital Partners

Paris, FR

InfraVia Capital Partners is a leading independent European private equity firm specializing in real assets and technology investments. They are a conviction-driven investor, focusing on resilient businesses where they can actively partner with management teams, entrepreneurs, or industrials. Their investment strategy aims to connect long-term capital with investments required for the digital revolution, the energy transition, urbanization trends, mobility usages, and demographics. InfraVia has developed complementary investment strategies to provide investors with a comprehensive range of opportunities across these long-term trends, all supported by a common investment culture. They invest across infrastructure, growth equity, critical metals, and real estate, tailoring their approach to the specific needs and opportunities within each sector. Their approach involves hands-on asset management to drive long-term value creation. They have built a robust business ecosystem for sourcing investment opportunities throughout Europe. With a team of over 100 professionals operating across 15 European countries, InfraVia demonstrates a significant operational capacity. InfraVia's recent activity in deals and news suggests a proactive approach to ESG considerations and significant investment activity within the digital infrastructure and renewable energy sectors, indicating a commitment to sustainable and technologically advanced investments.

GrowthInfrastructureCritical Metals

InfraVia Growth

FR

InfraVia Capital is a leading independent European private equity firm specializing in real assets and technology investments. They are conviction-driven investors, focusing on resilient businesses where they can partner with management teams, entrepreneurs, or industrials to develop their businesses and drive long-term value creation through active hands-on asset management. Their investment strategy is built around long-term trends, specifically the digital revolution, energy transition, urbanization, mobility usages, and demographics. They aim to connect long-term capital with the investments required to capitalize on these trends. InfraVia's investment strategies cover a comprehensive range of opportunities across infrastructure, growth equity, critical metals, and real estate. They believe infrastructure investments will be impacted by the digital revolution, increasing urbanization, the need for decarbonization, and the continuous demand for high-quality essential services. The growth equity strategy focuses on European B2B companies with the potential to scale and become market leaders, with a focus on B2B software and digital platforms. The critical metals strategy emphasizes responsible sourcing in compliance with strong ESG standards, recognizing the strategic importance of access to critical minerals. The real estate strategy targets high-potential assets in prime city-center locations with an active value-creation approach through repositioning and refurbishment. To support management teams, InfraVia provides institutional leadership and acts as a business accelerator. They offer an ecosystem of resources covering a wide range of expertise, invest equity at scale to deliver on buy-and-build strategies, mobilize senior advisors and business partners to accelerate internationalization, leverage their tech ecosystem to foster innovation and digitalization, optimize balance sheet resources and finance growth, share best practices across their portfolio, and stimulate dialogue across their ecosystem. InfraVia emphasizes sustainable development by listening to stakeholders, setting high expectations, and working together to achieve them, aligning their strategy with the United Nations’ Sustainable Development Goals (SDGs).

GrowthInfrastructureGrowth Equity (B2B Software

Infracapital

GB

Infracapital is a leading European infrastructure investor that focuses on acquiring, building, and actively managing diverse core infrastructure assets across Europe. Their investment approach involves both buy and build strategies, aiming to create a diversified portfolio of European infrastructure assets with the potential to deliver long-term sustainable growth and positive outcomes for society. They proactively manage their investments to ensure they fulfill their potential and are adaptable and resilient in an ever-changing world. The firm focuses on essential infrastructure to meet the changing needs of society and support long-term economic growth.

Not mentionedtransportutilities

Innotechnics

EU

Innotechnics specializes in market analytics and tech scouting, helping corporations identify tailored technology solutions through proprietary databases, AI tools, and a global network of verified experts. Their focus includes cloud security, data protection, network technologies, FinTech, and digital business growth strategies for SMEs and large enterprises.

Early Stage

Innovation Agency Lithuania

LT

A business growth platform supporting companies from ideation to international markets. Focuses on consulting for business, export, and innovation; helping secure financing, organizing training, business missions, and connecting with partners in Lithuania and abroad. Serves over 25,000 business representatives annually, including startups, researchers, and internationally operating companies.

Early Stage

Innovation Fund Denmark

DK

Innovation Fund Denmark supports transformative projects that address societal challenges, with a focus on environmental restoration, healthcare improvements, technological advancements in agriculture, and sustainable urban development. The fund prioritizes scalable solutions with measurable impact on Danish and global challenges.

Active projects (early-stage to scaling)Innovation-driven projects with societal impactparticularly in sustainability

Innovation Investment Capital

N/A
I

No information available to determine the investment thesis.

No information available.

Innovation Norway

NO

Innovation Norway is a government-backed organization focused on supporting Norwegian businesses and promoting innovation across various sectors. Their strategy centers on providing financing, advisory services, competence building, networking opportunities, and profiling to help companies start, scale, internationalize, and innovate sustainably. They aim to facilitate the growth and global competitiveness of Norwegian businesses by leveraging the strong international reputation of Norway and capitalizing on increasing global interest, particularly from the USA and Germany.

Early-stage, Growth-stageGreen technologiesSustainable development