VC Directory

GROWTH VCs Directory

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

INiTS

Vienna, AT

INiTS is Vienna's High-Tech Incubator, established in 2002 by the University of Vienna, the Vienna University of Technology, and the Vienna Business Agency. Its primary goal is to foster the commercialization of R&D results from academic environments through spin-offs and startups. They focus on supporting high-performing startups in research, technology, and innovation (FTI). INiTS employs a “Collaborative Business Modelling” approach coupled with tailored consulting and training services, access to STARTKapital financing, and a strong partner network to drive startup success. They aim to be a driving force in the Austrian startup ecosystem, supporting academic institutions in technology commercialization and the creation of new spin-off companies. INiTS offers a range of programs to support startups at different stages. START:IP provides a technology marketplace where entrepreneurs can commercialize technologies from academic or industrial research. The AplusB SCALEup program provides incubation services and supports growth through financing and networking. STARTKapital offers risk-free equity capital to SCALEup startups. Health Hub Vienna is an acceleration program focused on health/life sciences startups. INiTS is positioned as a central hub for technology startups, addressing the needs of not only startups but also investors, companies, universities, and research institutions. They have been recognized by UBI Global as a top university business incubator. Their model includes offering up to €100,000 in STARTKapital, running a 100-day Startup Camp within their SCALEup program, and providing tailored workshops and 1:1 consulting. They also facilitate connections with pilot projects, cooperations, and investments through programs like Health Hub Vienna.

Early-stage, Scale-up, Growth phaseHigh-techResearch

ISAI

Paris, FR

ISAI is "The French Tech Entrepreneurs’ Fund." The firm appears to focus on supporting companies in the early stage, growth, and buyout phases, also having a Growth Lending arm. They invest across various sectors, as highlighted by their portfolio companies. The recent news regarding Naboo raising a significant Series B round led by Lightspeed Venture Partners, with ISAI participating, suggests a strategy of backing high-growth potential companies, especially those leveraging AI and expanding internationally. ISAI aims to identify and support companies redefining their industries through innovative technology, as demonstrated by Lightspeed's investment in Mistral AI, another prominent French AI company. The firm seeks to help these companies scale rapidly and expand into key global markets.

Early Stage VC, Growth & Buyout, Growth LendingAICorporate Events (MICE)

ISAI Cap V

EU
I

ISAI Cap V positions itself as "The French Tech Entrepreneurs' Fund," suggesting a focus on supporting French technology companies. They invest across multiple stages, from early-stage VC to growth & buyout and growth lending, demonstrating a flexible investment approach. The firm seems to leverage a strong network within the French tech ecosystem, likely providing valuable connections and support to its portfolio companies. They aim to identify and support companies poised to redefine their industries, as evidenced by investments mentioned in the news and portfolio sections.

Early Stage VC, Corporate VC, Growth & Buyout, Growth LendingAIcorporate events

ISAI Gestion

FR

ISAI Gestion is a French venture capital firm that invests in tech companies across various stages, from early-stage to growth & buyout and growth lending. They position themselves as the investment fund of tech entrepreneurs, likely indicating a strong network of entrepreneur LPs and a focus on backing founders. They operate across multiple funds focusing on different investment stages. The firm also has a Corporate VC arm which might indicate strategic partnerships with large corporations to offer startups access to resources and expertise. They have an ESG (Environmental, Social, and Governance) commitment.

Early Stage, Growth & Buyout, Growth Lending, Corporate VCTech

Iberis Capital

PT

Iberis Capital is a Portuguese private equity and venture capital fund manager founded in 2017. The firm targets investment opportunities in the Portuguese economy across different profiles: innovation and growth – which concentrates most of the Assets Under Management and includes both early-stage and established companies – and yielding investments. They aim to generate attractive returns for their investors by leveraging their extensive investment experience and track record. The firm's strategy emphasizes a high-performance team, full independence and compliance, and complete alignment of interests with investors. Iberis Capital's team combines analytical rigor with years of experience across different knowledge areas and industries in the domestic and International market. The firm has a diversified investor base, including institutional, corporate, and private investors. Iberis emphasizes investments in core growth, buyout, and innovation funds (Bluetech and Greytech). They focus on opportunistic and diversified investments in solid Portuguese SMEs, following the successful strategy of Greytech I and II.

Early stage and established companiesGrowth and BuyoutVenture Capital

Ideon Science Park

Lund, SE

Ideon Science Park is a Skåne-based tech and deep tech science park focused on catalyzing innovation and turning scientific research into sustainable businesses. They partner with Lund University and other organizations to support startups and companies throughout their growth journey. Ideon provides various services, including startup and acceleration programs, networking opportunities, access to funding and investment, pitch training, and cybersecurity support. They aim to foster a vibrant community of entrepreneurs, researchers, and industry experts. Through initiatives like Skåne Capital Day, co-created with HETCH, MINC, and Krinova, Ideon connects pre-seed startups with investors. They have a strong focus on collaboration, talent attraction, and supporting the growth of companies in the Skåne region.

Pre-seed, Start-up, GrowthTechDeep Tech

Idékapital

Oslo, NO

Idékapital is a Venture Capital Fund supporting ambitious, Norwegian software and tech companies with global potential. They manage three investment funds with 2 billion NOK under management and have made 32 investments to date with 4 successful exits. The firm provides growth equity, strategic advice, and scale-up support for exceptional entrepreneurs seeking to build global market leaders within their niche. Idékapital invests in companies with a proven and scalable business model that are looking to grow their business internationally. They emphasize investing in talented and ambitious people with big dreams. Their approach includes providing access to a unique international network. They aim to build a strong, well-established deal flow for their investors. They have substantial experience working with aspiring growth companies and value creation. The team possesses deep knowledge from working in technology, private equity, operational management, business development, sales and distribution, public relations, M&A and finance, and from investing in and founding their own growth companies. They are a professional, curious, and driven team with diverse and complementary backgrounds.

Growth, Series ASoftwareTechnology

Illuminate Financial Management

London, GB

Illuminate Financial is a thesis-driven venture capital firm dedicated to fintech and enterprise software companies building technology solutions for financial services. They focus on investing in technology that defines the future of financial services. They have deep sector expertise, bringing extensive experience as entrepreneurs, vendors, industry executives, and end consumers. They aim to provide capital with capability that actively contributes to the growth of young companies. They position themselves as a trusted partner, backed by world-leading financial institutions and having a connected network, built on trust and strategic interests.

Early StageFintechEnterprise Software

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 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

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

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

IncubAsia Ventures

HK

IncubAsia Ventures invests in and accelerates early-stage tech companies in AdTech, EduTech, FinTech, and enterprise solutions across the Asia-Pacific to drive capital growth and business expansion.[3][5]

Seed, Series A

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)

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

Inlandsinnovation

SE

Saminvest, previously managed by state-backed VC firms Fouriertransform and Inlandsinnovation, focused on direct ownership of Swedish companies to drive business growth and value creation. All direct investments were divested by Q1 2024.

Mature growth-stage companiesDirect investments in Swedish companies with a focus on value creation and strategic growth

Innosuisse

CH

Innosuisse is a Swiss government agency focused on fostering innovation by funding R&D projects for SMEs, startups, research institutions, and organizations. It supports national and international collaborations, project initiation, and startup growth through grants, mentorship, and market testing opportunities.

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