European venture capital has matured considerably over the last five years. Here is an overview of the landscape in 2026.
Early stage (pre-seed and seed)
Nordic funds such as Maki.vc, Antler and Inventure are active in Scandinavia. Cheque size varies from €200k to €2M.
Growth stage (series A and B)
Northzone, Creandum and Balderton are the most active Nordic/European funds at series A. Typical cheque size: €5–20M.
Sector-specific funds
What is changing in 2026
AI-related startups continue to attract capital, but investors are more selective. They are looking for real enterprise adoption, not just product demos.