Ranking · Investors
Most active investors in European tech
Who is actually writing cheques right now - ranked by rounds on record, with anyone who has gone quiet for six months left out.
50 funds · newest deal on record 14 October 2026
No. 1
Vento
Seed
5
rounds
1
led
Oct 2026
last deal
No. 2
H
Headline
Series B
4
rounds
3
led
Oct 2026
last deal
No. 3
SE
Scaleup Europe Fund
Series A
3
rounds
3
led
Sep 2026
last deal
| # | Fund | Led | Rounds |
|---|---|---|---|
| 4 | 4BIO Capital across rounds totalling €72,000,000 | 2 | 3 |
| 5 | Italian Founders Fund across rounds totalling €23,500,000 | 2 | 3 |
| 6 | Vsquared Ventures across rounds totalling €48,750,000 | 2 | 3 |
| 7 | Inflection across rounds totalling €31,700,000 | 1 | 3 |
| 8 | Base10 Partners across rounds totalling €54,100,000 | 1 | 3 |
| 9 | OVNI Capital across rounds totalling €27,200,000 | 1 | 3 |
| 10 | Firstminute Capital across rounds totalling €34,450,000 | 1 | 3 |
| 11 | Bayern Kapital across rounds totalling €57,500,000 | 1 | 3 |
| 12 | BlackFin Capital Partners across rounds totalling €36,800,000 | 1 | 3 |
| 13 | AFI Ventures across rounds totalling €17,000,000 | 1 | 3 |
| 14 | Iberis Capital across rounds totalling €804,000,000 | 1 | 3 |
| 15 | Borusan Ventures across rounds totalling €35,400,000 | 0 | 3 |
| 16 | Fortino Capital across rounds totalling €34,200,000 | 0 | 3 |
| 17 | Y Combinator across rounds totalling €73,200,000 | 0 | 3 |
| 18 | Portfolio Ventures across rounds totalling €15,400,000 | 0 | 3 |
| 19 | EIFO across rounds totalling €171,500,000 | 0 | 3 |
| 20 | Rise PropTech across rounds totalling €6,000,000 | 2 | 2 |
| 21 | Mosaic Ventures across rounds totalling €25,150,000 | 2 | 2 |
| 22 | Novo Holdings across rounds totalling €130,000,000 | 2 | 2 |
| 23 | Hoxton Ventures across rounds totalling €20,800,000 | 2 | 2 |
| 24 | Araya Ventures across rounds totalling €10,800,000 | 1 | 2 |
| 25 | Entree Capital across rounds totalling €32,000,000 | 1 | 2 |
| 26 | Runa Capital across rounds totalling €25,000,000 | 1 | 2 |
| 27 | Ibex Investors across rounds totalling €25,000,000 | 1 | 2 |
| 28 | Norrsken VC across rounds totalling €50,000,000 | 1 | 2 |
| 29 | Flanders Future Tech Fund across rounds totalling €21,000,000 | 1 | 2 |
| 30 | Crane Venture Partners across rounds totalling €7,600,000 | 1 | 2 |
| 31 | imec.xpand across rounds totalling €206,000,000 | 1 | 2 |
| 32 | Gestión de Capital Riesgo del País Vasco (SPRI) across rounds totalling €2,950,000 | 1 | 2 |
| 33 | Bertelsmann Healthcare Investments across rounds totalling €92,350,000 | 1 | 2 |
| 34 | Heal Capital across rounds totalling €24,200,000 | 1 | 2 |
| 35 | BlueYard Capital across rounds totalling €43,650,000 | 1 | 2 |
| 36 | DRD Investments across rounds totalling €10,600,000 | 1 | 2 |
| 37 | Avant across rounds totalling €10,600,000 | 1 | 2 |
| 38 | Aquiti Ventures across rounds totalling €12,000,000 | 1 | 2 |
| 39 | byFounders across rounds totalling €168,500,000 | 1 | 2 |
| 40 | Heliad across rounds totalling €7,200,000 | 1 | 2 |
| 41 | Innovate UK across rounds totalling €8,650,000 | 0 | 2 |
| 42 | British Business Bank across rounds totalling €114,600,000 | 0 | 2 |
| 43 | b2venture across rounds totalling €25,100,000 | 0 | 2 |
| 44 | Kerna Ventures across rounds totalling €67,800,000 | 0 | 2 |
| 45 | Plug and Play across rounds totalling €6,350,000 | 0 | 2 |
| 46 | Entrepreneur First across rounds totalling €61,950,000 | 0 | 2 |
| 47 | Heartfelt across rounds totalling €9,550,000 | 0 | 2 |
| 48 | 33East across rounds totalling €6,050,000 | 0 | 2 |
| 49 | PROfounders Capital across rounds totalling €17,500,000 | 0 | 2 |
| 50 | Google Ventures across rounds totalling €231,000,000 | 0 | 2 |
The formula
Ranked by the number of rounds we hold a verified claim for. A fund appears only if at least one of those rounds closed in the last 6 months - a deal count on its own rewards funds that were busy three years ago and have written nothing since. Ties go to whoever led more of their rounds, then to whoever wrote most recently.
Every round counted here is a claim in our graph with a source attached - a fund cannot appear on this list by telling us it is active. Where a company or a counterparty has confirmed the claim, it carries the stronger label on the fund’s own page.
1 fund is excluded by the activity gate.
They have rounds on record but nothing recent enough. Named here because a ranking that hides its exclusions is asking to be trusted rather than checked.