Beyond the multi-billion-dollar headlines, September and early October brought a steady run of smaller, specialist funds. One tracker counted 22 new European venture funds announced in September alone, with roughly €1.6 billion in committed capital — 18 of them investing at seed.
- PSV Tech (Denmark) — closed Fund II at €56 million for Nordic pre-seed startups in AI, software and digital infrastructure. New LPs include Chr. Augustinus Fabrikker and Nordea-fonden, alongside ATP, EIFO and IDA.
- Zero Infinity Partners — closed an oversubscribed $156 million Fund II, up 50% from its debut, for early-stage infratech across energy, mobility, logistics and digital infrastructure.
- Seed Capital (Copenhagen) — closed a roughly €130 million Fund V, its fifth fund in two decades.
- Protego Ventures — a $125 million debut fund backing field-proven Israeli defense startups, led by Lital Leshem and Lee Moser.
- Captain Ventures — a $33 million debut seed fund from former Pelion partner Tyler Hogge, built on a never-lead, always-co-invest strategy.
- Forty.5 Ventures — a $30 million debut fund for pre-seed and seed startups in Southeastern Europe, with offices in Belgrade, Los Angeles and Singapore.
For the biggest raises of the period, see our coverage of Bessemer, Andreessen Horowitz and Radical Ventures.
Fund trackers include first closes in their counts; final sizes can be higher.
