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The Venture Codex

European Investment Fund

37, rue d'Arlon, Luxembourg, 1140

Overview

Supports SMEs by enhancing access to finance through venture capital.

Deals · 12mo

5

Stage focus

—

Geographic focus

France
Germany
Ireland
Spain
...

Sector focus

Financial Services
FinTech
Government
Small and Medium Businesses
...

Investment portfolio

37rounds
NAMEDATESIZE
Cloover
Sep 2026Led
$100 MDebt
Bcas
Jun 2026Led
$21 MDebt
Morpheus Space
Feb 2026Led
$15 MOther Equity
Hydrosat
Jan 2026Participated
$60 MSeries B
SHINEPHI
Oct 2025Participated
$1 MSeed
Space Cargo Unlimited
Sep 2025Participated
$32 MSeries A
Froda
Feb 2025Led
$117 MDebt
Breakevent
Jan 2025Participated
$1 MOther Equity
Sympower
Nov 2024Participated
$25 MSeries B
Sudoc
Jun 2024Participated
$4 MOther Equity
Vyoma GmbH
Apr 2024Led
$5 MOther Equity
Libre Foods
Dec 2023Led
$0.37 MGrant
Cloover
Sep 2026Led
$100 MDebt
Bcas
Jun 2026Led
$21 MDebt
Morpheus Space
Feb 2026Led
$15 MOther Equity
Hydrosat
Jan 2026Participated
$60 MSeries B
SHINEPHI
Oct 2025Participated
$1 MSeed
Space Cargo Unlimited
Sep 2025Participated
$32 MSeries A
Froda
Feb 2025Led
$117 MDebt
Breakevent
Jan 2025Participated
$1 MOther Equity
Sympower
Nov 2024Participated
$25 MSeries B
Sudoc
Jun 2024Participated
$4 MOther Equity
Vyoma GmbH
Apr 2024Led
$5 MOther Equity
Libre Foods
Dec 2023Led
$0.37 MGrant
37
Items
...
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Insights

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Deal Distribution

European Investment Fund: 37 funding rounds are recorded in the selected participation categories.All available history.
European Investment Fund: 37 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed04
Series A04
Series B05
Series C+11
Other Equity313
Grant10
Debt41

Monthly Deal Activity

European Investment Fund: 37 deals are recorded across 197 months.All available history.
European Investment Fund: 37 deals are recorded across 197 months. All available history
MonthDeals
Jun '101
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '111
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '111
Jan '121
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '141
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '171
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '181
Aug '180
Sep '181
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '191
Aug '190
Sep '190
Oct '191
Nov '192
Dec '190
Jan '201
Feb '200
Mar '200
Apr '201
May '200
Jun '200
Jul '200
Aug '201
Sep '201
Oct '200
Nov '202
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '211
Jan '220
Feb '220
Mar '222
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '231
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '251
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '250
Jan '261
Feb '261
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

European Investment Fund: Enterprise Software is the largest displayed sector by deal count (9 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

European Investment Fund: Enterprise Software is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Enterprise Software9
Fintech8
Health & Life Sciences8
Space & Frontier Tech7
Networks, Cloud & Communication7
Clean Energy & Sustainability5
E-Commerce & Retail4
Data, Analytics & IT4
Consumer & Lifestyle4
Cybersecurity & Privacy3
Hardware & Robotics3
Government & Defense2
Real Estate & Construction2
Marketing & Advertising2
Manufacturing2
Food & Agriculture2
AI & Machine Learning2
Social & Community Platforms2
Developer Tools2
Travel & Hospitality1
Education & Workforce1
Transportation & Logistics1
Media & Entertainment1

Deal Size Distribution

European Investment Fund: 37 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

European Investment Fund: 37 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M16
$5M-$10M6
$10M-$25M4
$25M-$50M4
$50M-$100M4
$100M-$250M3
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

European Investment Fund: Europe has the largest recorded deal count among the displayed regions (28 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

European Investment Fund: Europe has the largest recorded deal count among the displayed regions (28 deals). All available history
RegionDeals
Europe28
United States8
Nederland1
European Investment Fund: 20 co-investors are shown, with Adara Ventures sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

European Investment Fund: Led accounts for 24% and participating for 76% of round participation.All available history.
European Investment Fund: Led accounts for 24% and participating for 76% of round participation. All available history
CategoryDeals (count)Share (%)
Led924%
Participating2876%
European Investment Fund: Single-lead accounts for 78% and co-led for 22% of lead dynamics.All available history.
European Investment Fund: Single-lead accounts for 78% and co-led for 22% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead778%
Co-led222%

Team

Alain Godard

Chief Executive Officer

Hristo Stoyanov

Regional Mandate Manager

Jerome Samson

Investment Manager

Johannes Virkkunen

Head Of Division - Front Office Business Support

Marco Natoli

Head of Lower Mid-Market, Northern, Eastern & Southern Europe

Marjut Falkstedt

Chief Executive

Nina Portier Reinhart

European Angel Fund Co-Investor

Pier Luigi Gilibert

Managing Director