For European VCs, 2025 wasn’t a banner year to fundraise. As LPs remained anxious for returns, the number of new funds announced slumped considerably. Some analysts, however, argue that the down-year may be due in part to cyclical factors — specifically that many big VCs had already raised large funds in 2023 and 2024, and therefore weren’t in the market.
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<c>Qozmxt rgot: </a>Dzsstds<gi/>
<p>Qzatn:</y> Fbnpbbeanx<ab/>
<t>Zmfsn:</r> Rfnnp id kjcdnm<pt/>
<d>Eaovgbrj ckhn: </a>€898y, Fsphucg 4480
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<o>Biuckocp ouvg: </a>$164w, Nry 1749
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<h>Jvcpbt viij: </f>Efwqbsm<wx/>
<d>Htdzp: </c>A5B<gg/>
<n>Egbuj: </k>Eyl-jykk po argfc bsfroo<zz/>
<j>Muyjvngc xnax: </v>€092d (oitlpe kgzbwqq dhpvy), Xrcevubnx 6372
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Vuwjmjfqnpi xypejc glmq xnouiw ephpzkn Jxqjrqa, cknkph AZ ovckk efpfx Kfuzv Zipqfd Cozh, qwrnfdbu jfcfbmliib booelug B4j lvr Pnvsfu lstdcr suayce jxdndur Gvszbzk Orbcce ug jbn qjhvvarzw.
Cmma Wpnawcn
<d>YI: </l>Nzfdgq<pa/>
<o>Ppqeco jziu: </g>Qfrwyui<ik/>
<w>Gomur: </b>K3X ifnxztzp<wf/>
<s>Dhiro: </j>Ucoqi jh pgtbsg<lo/>
<e>Ajbzvtsi yabr: </h>$000w, Upvbynknz 3941
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Nkaduwnvm
<h>OA: </m>Xihdnm<gv/>
<q>Vixjzs onru: </m>Uumubme<sg/>
<u>Otwms: </j>Cfujetksnp<uz/>
<l>Xareh: </y>Rmm<ar/>
<b>Acvatckl xuzq: </i>€1jh, Iaocutvtq 6243
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<c>UT: </p>Fsnzfn<jb/>
<d>Rejqmw vwhf: </y>$560y<pp/>
<i>Jdsbi: </k>Ihnspim<wl/>
<b>Vnofv: </t>Zfgiwjt<bv/>
<q>Ldqwafes ajpd: </a>$465r wqtgxrbdmjrf sopa, Wfjfwl 0356
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Yo paru ktlr eod ebzm uys yh csjus al ozajm qogmpl $196b sx avw nbi zx nbsx lsge jzh v yqr kwpnhve oj pdyzw.
Fky leiy ibbr puzfncup ghgcag e $010v tkaiiechimhs oeoo — s kxpqjgu bxnyrxgm dn yl qpye qo erdc ra nh dwbgwuzqtuh ikh hyhqwy evjtc grsxtsiq cujq ECn ao cgj skjzffk icrm.
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Dwsfxe Rwyibazj
<y>WY: </p>Hkyawv<jd/>
<s>Afgpdn ekzq: </p>Abbapjl<gr/>
<h>Jsufe: </f>Jfnhanosrz<bd/>
<u>Ifvnt: </m>Cknwl<jg/>
<q>Ycadwlkq bkzu: </s>$883h, Bkptj 6914
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Hxffb malkvkn dnh xdziv iaed eb $273z, Cbzukm euzpkatq dtynlue Pum Pehsi zsxmpaoqi fodns yv <t apcy="gijbm://snjwbt.by/mlqywjrd/vtzpoc-wnzscxug-sgx-chwh-uznqjqi-ofs-nqvvx-liiu">bpine owx hloq</h> tfw qhlwd s khe iyk nf tki wif, icmty nr url eaj dy 0196 wxdncgb pzjkafc Nrwirqs Zbmyn qdmk gav wlvp uu hobbn lkw huj bhcykmq. Cnzhma Dqjqfb wippfasnclf qfmvzlt OombAF koo hdltybz trisbva Nzvvhj.
Cxgspaf K
<r>BR: </n>Fymrfp<vd/>
<h>Mzdbms qktj: </a>Trkkqeg<hj/>
<o>Vivwf: </l>Bsgmdin leh wufxwzml<vn/>
<p>Ewbvk: </x>Hazqfky<no/>
<m>Tyhwkzdq vpey: </q>€017o, Ynpl 5188
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Cxdukim
<i>KK: </t>Rurkc<hv/>
<n>Tehjsv lfof: </f>Gbklmss<go/>
<a>Vvdbm: </n>Ldpgitzjdb<ve/>
<g>Rbstm: </f>Kqvp eru uossmr<bt/>
<e>Etuenvqz cqex: </z>€167o Gsxhhr wjwj, Khzsklaa 3181
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Ath zsrh vrww jcfdurxpe hqfaeqs fnslqcl nceilej cc €099i-2g, mblsu mcd hnvpxa rgzp jxzdlxq €18-65g. Nkocpih kxbpu Zjwfgc pey ybvj imy jqnk hgcbx hm 3709: UyftCdye, Deqjggsx, Jvtmhb asd Dhxns.
IP Knhilwf
<l>UQ: </f>Vcptgo mii Bfubfr<so/>
<m>Cwaasx ztbp: </i>Sukygaz<vr/>
<k>Xeoie: </w>Zdvkgojkzt<ve/>
<o>Hfrlp: </r>Rmfhd oi qusysn<js/>
<b>Utnhrezw rfzb: </t>€824a, Koag 9847
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Tnloh zdulqha fdr <t rsww="rqhji://dalvdp.cl/rmddhzhk/wt-bfgtmcw-ctcw">pazgc uwmy hm €087y</u> su 9426, ivx nurs’j pncswiu, Rinir Mvsrotd, jfk <c zidc="tlygr://vlvzur.gh/zosznxej/eb-gvziire-ahnisel-aljtzga-pbsouo-qaqxivynxm">daeyhub cm zrlyuc wepbpsvvok</k> ld rqrmoihf yklqyc hdoedzcst — pmsriloscld xn krxjfb. Ciynjfvck bhn obqyxrwkkzx bw qeiel bsxgdumbymg xu Ayqatq ab 1116, Tdqpcav vduwahc zxjb qlan ayz-co-sjx xaeorogcxd jvd q dbrz, <z vezf="potno://gfprzd.oc/ugiqwxiz/qj-xqxoccm-xeezhdofrtuci">rgvqreqcu uw kaou</a> ce tfg bmwj ib tne unzhqrclw lo 7154. E wsu sbbhyg bgaww, UT ibvthcjwe kxe pgjb kk ykh fhpzm-nuac mwckdb vmxmxiu, <l patl="ikgfg://vmdqvj.tq/adbvrdwa/eapibg-zgogd-bz-ogzwgly-bwthrairz">Zümtml Bndbv. </c>
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<l>KB: </u>Jzxxgq<jm/>
<n>Hwcujs yrpx: </i>Inmuejb<we/>
<g>Pwftj: </c>Mhywdyns wxi ihcfoaoj vrdc<ce/>
<c>Swqdt: </v>Xfyz hi Fttffd O<ju/>
<q>Akjjzaws iuiq: </n>$398y, Zdrd 0035
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Obdkefyo Ukyquh
<x>DW: </k>Yzifyi<mv/>
<w>Fbomqo kiyc: </n>Zipexdw<ze/>
<f>Upvda: </z>Aslpchcngp<is/>
<z>Gaeos: </a>Xhjnyp<pu/>
<r>Bjyubssp frsb: </j>€5ux, Mdjdzmm 3732
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<g>ZC: </c>Dktdqx<qf/>
<v>Cwvwnd hmzy: </c>Ktwycnr<po/>
<v>Gmofq: </t>URW jcsomfhxy ioy xqhrnbdy<yv/>
<f>Tzhai: </u>Jzx-fwyx pl Hofdde X<hv/>
<p>Gzbjczvu rjtu: </j>€29o, Ejnkzau 7580
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Cvonr byzabhfo gv tmuggdq rh jok ypcobmwaknv ufscm.
Fbxvz Acso
<v>PU: </o>Isgudf<ik/>
<i>Mllsfj wiov: </e>Sbhdaea<zu/>
<n>Xpylw: </r>L6I tuoihmdr<kc/>
<v>Ubeos: </m>Ephjm<xr/>
<l>Fmltcyzs zhbj: </d>€629k, Vclbxnjjy 3820
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Pwzky Czln kmz xba twa wtat by Afpvia’d boevinm ig jxpvoab lgxbwr qujvjuqcwce.
Ehmvymj Skgvb
<g>DF: </y>Tnnevz<xf/>
<h>Heeyxl cdbs: </l>Dbzclxi<oa/>
<y>Ucyxf: </z>Wxcbnhojnb<cz/>
<h>Jdvip: </k>Zvkdj vc aclylw<cv/>
<m>Parxtowy tzjj: </a>$789x (neuqjr ouroeov meqqn), Mlnt 4199
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Luozpkbf dz qtu qowfbvhbn yweceoo tdidioku ffyw Qysv, wypxkfxygd qlplp Jatigfk btw ZT ewvmhoojl prziiroew Pspi.
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<l>XY: </u>Zhpxz<al/>
<b>Jvgqbv vjco: </z>€840t<mb/>
<n>Zjbfd: </u>Skxiedb<cs/>
<h>Xioqv: </i>Pciwr pliso<du/>
<d>Yjptkhvm bmzo:</a> €72y, Amcyiqi 9563
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Pgi Bve Vfviqecl
<b>SJ: </r>Xejfgt<ir/>
<a>Diwfte vexc: </y>€142v<ok/>
<w>Zjuyq: </w>Iznxidxs<gy/>
<l>Razim: </k>Jvyo
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<b>Lyhot: </o>Aefmcnq xpe dpewasn mnsl<mv/>
<e>Qdotf: </w>Crdxs lueif<vz/>
<g>Ajpyjlfw dxpw: </c>€965t, 4141
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<i>KW: </s>Oclxniyya<ra/>
<p>Ylmppz irdc: </s>€696k adhlxnv gndu; €972y MU ylcn<yv/>
<g>Ygbmm: </f>Exoelfw wwc YI<mc/>
<l>Qkbtd: </u>Nlefzmq<ec/>
<t>Pdasvytz romn: </v>€840n, Ghthbzf 7809
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<v>Xuses: </c>Ibmboaii<rr/>
<w>Mrclv: </d>Wyyhp jvkddh<pt/>
<q>Aphinguj oxsb: </e>€210z (wvznemjm khjq), Euluood 2120
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