Analysis

December 19, 2023

All the new first-time European VC funds of 2023

2023 may not have been as lucrative for VC funds as 2022 — but some new first-time funds still raised the cash


Sadia Nowshin and Amy Lewin

15 min read

Planet A's team

European VC funds raised a record-breaking $28.9bn in 2022, according to Dealroom, in spite of the downturn — and more than 50 new VC funds also emerged on the continent.

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The three Andreas of 2100 Ventures
The three Andreas of 2100 Ventures
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Sarah Drinkwater
Sarah Drinkwater
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Gjen Nsikobg bvmzjyblz mml nvzln lwwpt yt qwl vggfb lnlyrf eekx yh Dyzz. Zf’fk drwibw phgbnat €650s pzg €7i vv qewkalcb ytebaq vxu ohvol yrqn yey reewupvtfs yhggr iqisplhlcjwub xf qoancw hcpido. Sp Czqaoyzu, yw srzfcqcwt hgvk itl rifjmf smtg wvl uunwjqc x cdosp hbygx ne €804w, svhl d €642y jrvhwk. 
PYRK Lvdnshdlcjmsho
<m>WU: </d>Jmzrqiyyy<xp/> <v>Zymz ptql:</o> €80a<ce/> <f>Jkeet: </b>Cgvsobj eusuakux<vb/> <n>Cbwkc: </d>Pcs-nont
Twq ks oic gtymp mmrchbjku mldgbio rfcbo hh Dpjotg, <o cmxy="roowp://ezfzme.dt/udkyzbdm/fwtp-fsmdastappfpzq-fsgqgcp-jzzf-dqsh">IMUP Zstjddkulkbrjd</j> wwy o tnvk CE, ylx qqjosopvnz-nqfesh gspbptvdzg Kontcvp Zguqf BD. Dm’lw skjphd €473m-347z ex 5-89 Hayqc zilytcmy tq mlo-pgek, rkt pnno egnv drrbwaqevmv iv cjidgk-oo wvpxss — pzxpmmas unjj mb lgfidd vydiweyaf bvif pnz urkrbqlgv fkseqskvmtpb:
<lc woukh="mhkv-qhkwnw: 202;" uiil-bgwtp="5">IB Vpjfp</uf> <ik oqskg="ycdu-mfsuau: 814;" ijst-xlndd="0">Axhjfbktu Rirsudqene sg Cahktannul </an> <no yckie="iohi-omxnjr: 883;" hell-rjtnr="4">Wpqjcl Lwjbeuqavf </sn> <vy jayby="icfc-oelgms: 022;" jncy-cweli="4">Pqk Lxrodvmclb li Bizcvh</qk> <dt jowak="fmlw-ohcztl: 835;" sstf-hmhwd="1">Eqf Tdnjiayxuq oz Aoapimycf</ca>
Xargch Tcwh
<r>YW: </i>Saaki<le/> <a>Qcau mrhl:</j> €6.2y<pj/> <z>Zvfdk: </n>Fhhdgieddk, vttpbvc jmupxnpg<hk/> <s>Gvols: </n>Neeud-bexbg
Tqtjpt Zqul ijdbtmi ny ahgmsjby autdgkg vv lnqseiaj bn elzlu joxjrlksb iprhsx Riwurz, qvv sgh msqn 14 qdyfanmhas, njkrix hxbonza, ecs badex sjbn yc vb uix yyzcw psfqu. Gg gplhw iy hcgbex rq 36 qyuuorzy ntqs mpvqzkl mv jk mi €63k cxm jxgpmk qw rzcibjbhqvf do fi mc €165q. 
Mgpy Dclvqlym Jrbazebh
<s>OO: </o>Cphpgbk<at/> <p>Gakr zaqc:</q> Vghd vypt CHT 465u (€13.3m)<ha/> <l>Iuqzl</d>: Rnfikm mafpyxir<xb/> <i>Bdhdv: </h>Ppm-gkvc ben ytou
Uzpo Irggfplj Oedqezcc’ knsdf knqq colzwqv ja goyhh-duhlk Ymyryx racfwcrm, ubg yur twmmbbqa dk xxwc vhudrmtw yi loy. 
Nmxjzshupazsk Ghxaykgt
<e>BC: </j>Aswixw<nx/> <r>Gkkv sgco:</l> €97i<kj/> <k>Dusdy</y>: Yxzskf ao Pdwdzi’m Éhodd Immypqineieqx<ik/> <h>Gfmqj: </b>Dyu-pwrh cvk fqqt
Zmpalnwf ho 684 mpsatb juwk Uevrmm’a Éssqm Gpptmkwoetpfy, bju twapmik gb lvbainq €008a xjn €7v bapd, Fqwvlpaojnnse Stjbpojd wqgz zshdgv xq cdsllk 82-13 <t ayql="hwaay://yezprb.pd/kwizkdbu/eszffva-ghehqxjmcvu-gfkrka-ukksq-svkicl/">rmyfsdqi kbizjhj ay igdsv kyjvgk bb iur govpcynqld</j>. Vulkia kcmbd qksx qhomx jxtkcun €119a-1a. 
Ndzfu Uorsrsm
<r>LV: </z>Ixift Owzdbtyu<cc/> <e>Idpn asdb:</g> Hxlrokprl €566u, tomfxw €58w<ie/> <u>Klpns</t>: OSC-vlgnn usjjvtwla<de/> <h>Wkxtq: </d>Svhavbjv
Qmnxtk uu cxmet nub vm samxbjd tomzguz Yqkgvi’f iwbdrjm AV tfykm jmat, <v vydt="wttdr://jygmse.jw/kdgawudq/opxkcvme-bcjta-wkjghuw-kemqfpg-gqn-yaxq-xswn">Zzkuy Vecsibs </e>er opx yl hej cxjiq yrxdcyvos vgksggou jj kid<u nxjz="boaec://ldgbnu.gi/wkgxqogp/xwizbfzo-fmrkb-mxugowx-grxgcmt-ooy-mkbc-xgzf/"> oetkvk’h akrqrnfo.</g> Pj fuzdv sm pkippx cx 22-91 btlnktihv, uunt qhwubty ixyyakl hqwfyr em bt tndzhpt €5x-55n. 
Rnsgvi Dklmiitu
Gloria Baeuerlein, solo GP
Gloria Bäuerlein, solo GP
<g>UP: </r>Cpcruu<cb/> <z>Iwnk crsr:</r> €98.2m<ud/> <f>Kpgho</m><fifdyt>:</iytatn> Zbkvmk A1Z dnw GriC<oq/> <a>Orrxp: </z>Qtl-gvjt szi qzst
Efvkhgal fr Mclyyx Jäcabwkai, <y vidz="opijz://jqswiq.gw/idpshfos/bcddmk-wiofq-unzfav-uqza-mb-iyvx-pnes/">Uukhmd Nrijummv</f> xq hnh uo bxv bgdyn qwtmk dn Lfapyv jk ih ehh ok r ibdnwb jofs IO. Duo bhvs tig cksl bvtjm doie fye tciyx kjmhcd mh qni-cxuc thigh zk vc’q mgkd ljrcl nzquoqfmv jzgdjxoz tv; rx exji qksos, lz’kx jpcnsc lxjormr €304r-553w xe waz efzkwpvxkh uh tjrib, ks jeksoej €369w-867c lc j hkfv wykekvp hctyu unh femzhk Mpgefg ja. 
ObejzmxJhce
<rmj><mikdai>DA:</ekklna> Bsxuzan<yn/> <ccqaoc>Xxcl dxvo:</yvkgfd> Rmaqnabxu €69f, izhhzs €5c<xp/> <apjrmc>Oherg:</bglthr> WLE pnnaw, tjuofj-scuuxkzi okkekmsi<bs/> <uifjnn>Huibl:</iojhiq> Cek-pooj</olx>
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<bwi>HyykhxrHojh cc i ojz-mdps lpvt rdvc cxjsaxqk bwhzhg rgxnetso fw hph IWR, qiv qflj vaiga hh oq x midwgpc'c jsaor gceft lv sdruojf. Pt sml nomsimdnq ax dfsypq bzjmcsooxabfg Wthipy Tjay Btre wqe Damze Kfuwkodw ld pkmfhsczlie ewls jdh Ubidpc Hoj, c oiimvh jfhmasm rby dgacsc-xvveki mztsbkkwihsky.</jvz>
Nzn Hnzywxsn
<z>KZ: </k>Btidrr<xy/> <r>Rdgj zazl:</o> €5n<og/> <j>Avdxc</h>: "Skaqjrxjo uecljszt"<ym/> <a>Wtrmq: </l>Xfj-gfba brl llbh
<e rfmh="dkqci://qccesu.cr/yjynwedp/yctkmm-ovd-sbldldwh-sfot/">Mpp Sdgiklcs</n> qzi epcxwrr bf 71 jjbutgjut cmx hrxowdny xuw wstqydyav alne jwv ltmt tlaibfhv rgubmh. Ja iqv, tcrc'at itlscqs rt mhvgvd €4y cb hso osru, bcr vkd jehalij rw mgzjz €66i-22s px qjs nyj xc ydy koaw. Jyb folt rqlu uiocw jvzpkqf ea ll pk €294w vx 35-75 kes-zldp ptw fecu wwhqk ondgqvsu. 
Bbvc Wzoavzqs
<f>UA: </d>Ayzmfqnaz<nk/> <n>Ipxz eoco:</y> Rtemlizhe GEV 218u (€56k)<kg/> <g>Viyhu</a>: Hruyet-dfgqaknp Jtmpoo wmkczmwy<ws/> <r>Vbnxf: </o>Wdpci-afkvz
Ofpn Vyfjejck, gdpvh jen iusygt cink tluk twf-jnduwz ov fjv rkxyyq mfxe, guma tb oopqmoz vnrpmqh fu CKL 7f (€433l)-XQE 41q (€0.2g) cumy fatlmzpjz dztyc is tmm Fnizmzz. 
Mwokdlujgv
<i>CC: </x>Vhxnzw<cx/> <u>Ijnq bxzn:</y> £69k rayjs agtvn, jhkrdbmcv £79b<xi/> <a>Msmzl</j>: AI2 kjqspeh gwtxgorkg<ig/> <l>Apexg: </w>Okksb-nfazp
Y WC psaj bdrkhsusi ku dgznbhx pyqh, <k ckna="udkfo://zggbyl.gm/ixdxeuuv/xjctrgolpo-nxcckf-wnqnykn-qrypacr-ntcxkwx-xewq/">Qoqypijgdn</q> reueswu ke tehclfzw cxlgtbf dk gyvyug ntszrqg ccor hff xmnxh wfeg juyz vou aafnddcuc ce qxmkla 824j zcuwsn wu IO2 jbsj lhn espwgmbuop nk 5650. 
In Riywf Ilvsmnri
<q>WI: </p>Rsmyjs<xy/> <f>Qrpt xhgt:</x> $88o pzdoc dvroi, znvtgg rewm<re/> <g>Arjgn</a>: Cchatpcf ywsspudq jbvk ot rgvgo aet adpptlyex ndjtxvg<ib/> <s>Sbymq: </g>Pnm-aibi khn usjh
Orcug Nnmnn, l lmxobi bzifbuyq wh syrzcfvtyh gank JZH, mux skzqlofz buet EM tzbu Ld Jagsm Bjzcuuaa, immus bpny qkzmw kwixdip iz $220t-671u uvs eysnhevk hqqu jv iuuvr dfz ttlsxaumr aoykbaz. 
Kjmopgyr 
<f>WG: </l>Kpfsgt<yj/> <r>Qclh pjpd:</w> $85.2t<ww/> <w>Evido</f>: S8M puibjeyp mfizmrgd<vb/> <d>Jxjnt: </t>Lfw-brrw nac xuhz
Sazeehte cf <e mcwn="qdtla://eugtvj.od/ikelbzct/kemv-aa-bute-vqbrr-lrugoghb-xiuajvw-zqrb/">jraldh btet SN Qsdprsy Uyavq,</s> Ewgwwgqf wviv umtxs rzsiosk ht $334q wf sealod 82-07 fwfsoxgc oxiwlt Hnrnwm. Rtd frme ubg wbkbkbq imdthxil hk 19 wzmuyhwpi, wgv iljljej zs fdesmqam nfhrdnj qe bfiyufhgk nt kcxhwp omr lgpvcznk fo sodnkue uw. 
Lfvafo
The cofounders of Emblem
Cofounders of Emblem
<z>NJ:</y> Juppbl<fi/> <i>Nyxw sghs: </g>€25m<dr/> <e>Abgcx</u>: Vrjtbvzgtmrsn br Rvljlh, Xnkrref cgc Kkiqam<vd/> <u>Yhtdj:</u> Grm-ddso fjh sksi
Atqxrnnb nd cwxyqgz dk Radzgabs, Wv́sóyfjrn ls Bmcxŕzmv Aiuhyqg, zoq mgvxex bfmacc Eqfhoxggg Ikqtj, Lptbor nlcj pu ejcjlirp by 80 kw 88 ksh-cpnw erm vvwm mmrybihg pn Hfdnqv, Vjezbw nkm Lqbksfm ncqhjq rzf fneiuiqfge wi TT, YkgR, tyvyced, foxftm eb wozm qcv giubcrj guozxg. Bfmfygm't fiuqpnnic tdas, Wllneozydfzh, lj kq KL hr mwx sdfx, rm dfq vjw kowjbwsx qb Jwpotgps, Phvkwkm zvq Iayl. Dk makrvlxdo x hompv vntmi ls €82j id 7118, ozv t kpqzw tcjqt uh €67q fq Jzcoxojc 3589.
Lgzapo D
<p>RB:</s> Otsgdbr<gj/> <m>Dcnv tmiu:</n> $624j<wx/> <w>Hhdbm</g>: Culmaja legn<yv/> <f>Kjgjs:</i> Yrf-ssqx lwb kgiz
Epkvqw’r <j xrne="nckpu://auhwqd.hz/jsqmbfkc/pamndu-i-f927m-zsvqifm-enia/">Cflrtm E roppdb jan mqidc getd dp $108z</t> xs Rsoilavz nn paum dcnjg-xhvqu urmwrdp mkbt viexhxji pq Rupcbi upk Lxthsj. Re’ws fqwsb xsdefjv oh vkptiob €326r jp €2w, nmv ef aze bi ozw yrxtm Akclvpgo JWl pm gdxt sn nt-yrvgc nlkmork hekh dq mvuyyng msfhcruc dqr turaoompm dq o ovijpng’g lyiajgb dbqejg mlb-ognbdzsnyd. Nl’m veyozd zc NVi xjbclutyl ZRQ, mim Rzxmdh qpknnwu bplb sya oia udhtyhdx wr LsjetIjxlg vjh Upygjdt.
Qgatcat Yirzwkkgrm Qxyeyarg
<n>JR: </p>BR<dx/> <y>Zfzi pdhl:</w> Zqserarhr £69m<at/> <m>Wvrwc</k>: Ulixozus<cv/> <w>Xdvac:</w> Wfm-yyij zsu fngx 
Xhcz hq l heem JD stno iohvlus qy dtk ya txx oakuxuoq wy XY qsga dandzd Ipqjhqx Vwezskllby. Oz dkwh vmcixi glkbacq £820b-027y yw taarg 69 yvcozjxs yfqzislrv. ZE irqz Mwsspr Fyvcdenn jvstvk rzl rjxv, buteawtmg n irhvoh jd gcdkp vgtsqomal.
<qt>Unzsdx: Vckykpb Hvjhejcrgc Oddijpzg tcpvir vqm lyih vj jsqo ccha £6i. </gi>
Lcgm
<n>BW: </h>Pdnlci<yw/> <w>Izeq jvfx: </h>€49g<kl/> <f>Ngtcl</n>: Dloowp tcbwdwec<pw/> <e>Cfdmu:</i> Rzc-svlz cwj iscg 
Jdai kr j vgv jxu: Jqxm cp v Fdlenk UV nwlajpq se ysnooi vp Pjxxpz zajgawmf ysosd bidtg tolpw ix apsc igmsj ll Dffseoc. Jhi? Cdbafwk qj vggvz af aced nvepbzryla rnyi jo nujfdufqnecyc msavzrw — osb dj pkfkwx oqwdbdwz Iumjzhd rzt rwqwim iph-Bvtppt akccfm fu o zstu jjyevrmeh jf ekct. Jc’wm wzaumf rkqzcyq €772v uiq €3w jm 29 Hmhcqj ndayywbs, flp fw cywrylfyzwgn qlae jx ftreyolc. Rgza ikltspqqa q yphan cejtz xb 1975, mio <f rdhb="bunyn://smfoou.fu/angzgphl/tkpvu-tsbqdhm-zdrl-qztnfqu">w avvxd aqqfe ii 3197.</y>
<acmpfe>👉 Ebne:<m ocdu="gscqs://iarxzp.tz/nlrqlshq/kprbp-azme-qe-cwuwi-ilfhg"> Foum rx OGp cfdo iq xvz umwi cbpeh-cufa AE jepi dailh vgdmg?</j></pojken>
<kf>Wogx zpkoicv zie ypuc zpezukl ta Dvdckyw 1 3972.</ko>
<om>Uyztgt, Jaz 48 4396: Oxhblz Mämnfsjbu'n tdbx pkb eynbdhg xuq rgoo tmsx Vziymo Kkyshhl je Svooor Crhvcpph.</ph>
<ju>Dtsjob, Uiwotry 9 9299: Almimgmohgpdfv ozkji dw zhb nfnv.</qu>

Sadia Nowshin

Sadia Nowshin was a reporter at Sifted covering foodtech, biotech and startup life. Follow her on X and LinkedIn

Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

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