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 5 November 2026
No. 1
NH
Novo Holdings
Series A
5
rounds
4
led
Oct 2026
last deal
No. 2
Notion Capital
Series A
4
rounds
1
led
Oct 2026
last deal
No. 3
FC
Firstminute Capital
Pre-seed
4
rounds
1
led
Oct 2026
last deal
| # | Fund | Led | Rounds |
|---|---|---|---|
| 4 | British Business Bank across rounds totalling €433,400,000 | 1 | 4 |
| 5 | Vanagon Ventures across rounds totalling €19,950,000 | 0 | 4 |
| 6 | EIFO across rounds totalling €172,950,000 | 0 | 4 |
| 7 | First Momentum Ventures across rounds totalling €7,988,138 | 3 | 3 |
| 8 | Aquiti Ventures across rounds totalling €16,000,000 | 2 | 3 |
| 9 | Mosaic Ventures across rounds totalling €40,302,814 | 2 | 3 |
| 10 | 4BIO Capital across rounds totalling €72,000,000 | 2 | 3 |
| 11 | Lakestar across rounds totalling €251,450,000 | 1 | 3 |
| 12 | helloworld across rounds totalling €13,000,000 | 1 | 3 |
| 13 | Araya Ventures across rounds totalling €15,300,000 | 1 | 3 |
| 14 | Gorilla Capital across rounds totalling €7,270,000 | 1 | 3 |
| 15 | Innovate UK across rounds totalling €9,250,000 | 1 | 3 |
| 16 | Inflection across rounds totalling €31,700,000 | 1 | 3 |
| 17 | Base10 Partners across rounds totalling €54,100,000 | 1 | 3 |
| 18 | Plug and Play across rounds totalling €8,300,000 | 0 | 3 |
| 19 | Google Ventures across rounds totalling €507,100,000 | 0 | 3 |
| 20 | Borusan Ventures across rounds totalling €35,400,000 | 0 | 3 |
| 21 | Portfolio Ventures across rounds totalling €15,400,000 | 0 | 3 |
| 22 | ORBIT Capital across rounds totalling €9,000,000 | 2 | 2 |
| 23 | LEA Partners across rounds totalling €4,488,138 | 2 | 2 |
| 24 | European Investment Bank across rounds totalling €59,000,000 | 2 | 2 |
| 25 | Atreides Management across rounds totalling €669,600,000 | 2 | 2 |
| 26 | Rise PropTech across rounds totalling €6,000,000 | 2 | 2 |
| 27 | Kurma Partners across rounds totalling €56,100,000 | 2 | 2 |
| 28 | Green Generation Fund across rounds totalling €13,800,000 | 2 | 2 |
| 29 | Vendep Capital across rounds totalling €7,300,000 | 1 | 2 |
| 30 | BMW i Ventures across rounds totalling €9,000,000 | 1 | 2 |
| 31 | Chalfen Ventures across rounds totalling €21,852,814 | 1 | 2 |
| 32 | Anthemis across rounds totalling €9,500,000 | 1 | 2 |
| 33 | People Ventures across rounds totalling €5,800,000 | 1 | 2 |
| 34 | Credo Ventures across rounds totalling €29,650,000 | 1 | 2 |
| 35 | Entree Capital across rounds totalling €32,000,000 | 1 | 2 |
| 36 | Runa Capital across rounds totalling €25,000,000 | 1 | 2 |
| 37 | Ibex Investors across rounds totalling €25,000,000 | 1 | 2 |
| 38 | Norrsken VC across rounds totalling €50,000,000 | 1 | 2 |
| 39 | Flanders Future Tech Fund across rounds totalling €21,000,000 | 1 | 2 |
| 40 | Gestión de Capital Riesgo del País Vasco (SPRI) across rounds totalling €2,950,000 | 1 | 2 |
| 41 | Bertelsmann Healthcare Investments across rounds totalling €92,350,000 | 1 | 2 |
| 42 | Heal Capital across rounds totalling €24,200,000 | 1 | 2 |
| 43 | BlueYard Capital across rounds totalling €43,650,000 | 1 | 2 |
| 44 | Climentum Capital across rounds totalling €9,000,000 | 1 | 2 |
| 45 | DRD Investments across rounds totalling €10,600,000 | 1 | 2 |
| 46 | Avant across rounds totalling €10,600,000 | 1 | 2 |
| 47 | CDTI across rounds totalling €19,450,000 | 0 | 2 |
| 48 | Skagerak Capital across rounds totalling €7,300,000 | 0 | 2 |
| 49 | Project A Ventures across rounds totalling €34,300,000 | 0 | 2 |
| 50 | Arcas VC across rounds totalling €7,950,000 | 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.
3 funds are 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.
- Accenture
- VP Capital · Oct 2025
- Venrex · Mar 2025