— Ranked by AuM and Investment Activity 2021
— Clustered by Stage and Industry Focus
The 2022 European Capital Report
Most Powerful Investment Funds in Europe
- 550 European VCs
- 272 European PEs
- 61 Newcomer Funds 2022
- 146 Non-European Investors with European Presence
The European Capital Map 2022
published by i5invest | i5growth and WU Entrepreneurship Center
As a record-breaking year in many ways, 2021 brought staggering tech valuations and created many new unicorns. In parallel, the number of newly founded investors in Europe slowed down significantly. With 61 new European funds established in the last 12 months, the total number of players is now at 817. This report sheds light on the investors shaping Europe’s venture capital and private equity ecosystem. In funding the most promising Startups, they play an essential role in our economic future and create an impact well beyond the continent’s borders.
Download the free report and get your hands on everything you need to know about Europe’s most powerful investment funds!
This is version 2.1 – edited in May 2022 | The data freeze for version 2.1 was February 2022
Most Powerful Investment Funds – DACH Region
Germany, Austria, Switzerland and Liechtenstein
TOP 10 VCs
based on AuM
1. Target Global
2. HV Capital
3. Earlybird Venture Capital
3. Global Founders Capital
3. Lakestar
6. DTCP
6. MIG Verwaltungs AG
6. Wellington Partners
9. High-Tech Gründerfonds
10. Redalpine Venture Partners
TOP 10 PEs
based on AuM
1. Partners Group
2. Schroder Adveq Management
3. Lindsay Goldberg Europe
4. Bregal Unternehmerkapital
5. Capvis
6. SwanCap
7. Deutsche Beteiligungs AG
8. Franz Haniel & Cie
9. DPE Deutsche Private Equity
10. Quadriga Capital
Logo Map DACH Region
Infographic DACH Region
Most Powerful Investment Funds – UK & Ireland
TOP 10 VCs
based on AuM
1. Atomico
1. Balderton Capital
3. BGF
4. Octopus Investments
5. Octopus Ventures
6. Highland Europe
7. 83North
8. Northzone
9. Scottish Equity Partners
10. Anthemis Group
TOP 10 PEs
based on AuM
1. Intermediate Capital Group
2. Permira
3. Apax Partners
4. HG Capital
5. Bridgepoint
6. BC Partners
7. Cinven
8. 3i Group
9. Triton
10. Capital Dynamics
Logo Map UK & Ireland
Infographic UK & Ireland
Most Powerful Investment Funds – Northern Europe
Sweden, Denmark, Finland, Norway, Estonia and Iceland
TOP 10 VCs
based on AuM
1. Novo Holdings
2. Verdane
3. EQT Ventures
4. Investinor
5. Industrifonden
6. Heartcore Capital
7. Gullspang Re:food
8. Inventure
9. Nordic Eye Venture Capital
10. Equinor Ventures
TOP 10 PEs
based on AuM
1. Nordic Capital
2. Kinnevik
3. Altor Equity Partners
4. HitecVision
5. CapMan
6. FSN Capital
7. Summa Equity
8. Cubera
9. Norvestor
10. Polaris Private Equity
Logo Map Northern Europe
Infographic Northern Europe
Most Powerful Investment Funds – BENELUX Region
Belgium, The Netherlands, Luxembourg
TOP 10 VCs
based on AuM
1. Forbion
2. Mangrove Capital Partners
3. Prime Ventures
4. Rabo Corporate Investments
5. M Ventures
6. Endeit Capital
7. Inkef Capital
8. Hummingbird Ventures
9. ING Ventures
10. Innovation Industries
TOP 10 PEs
based on AuM
1. CVC Capital Partners
2. Sofina
3. Waterland Private Equity
4. Cobepa
5. Main Capital Partners
6. Egeria
6. Ergon Capital Partners
6. Gimv
9. Gilde Healthcare Partners
10. Life Sciences Partners
Logo Map BENELUX Region
Infographic BENELUX Region
Most Powerful Investment Funds – Southern Europe
France, Spain, Italy, Portugal, Monaco and Cyprus
TOP 10 VCs
based on AuM
1. Sofinnova Partners
2. Partech
3. Arkea Capital
3. AXA Venture Partners
3. Ventech
6. Iris Capital
7. Seventure Partners
8. Alven Capital Partners
9. Kurma Partners
10. XAnge
TOP 10 PEs
based on AuM
1. Ardian
2. Tikehau Capital
3. Eurazeo
4. Antin Infrastructure Partners
5. PAI Partners
6. Astorg
7. Idinvest Partners
8. SWEN Capital Partners
9. Naxicap Partners
10. Andera Partners
Logo Map Southern Europe
Infographic Southern Europe
Most Powerful Investment Funds – Eastern Europe
Ukraine, Poland, Czech Republic, Lithuania, Slovakia, Hungary, Croatia, Malta, Romania, Bulgaria and Latvia
TOP 10 VCs
based on AuM
1. Hiventures
2. PortfoLion Capital Partners
3. Credo Ventures
4. Impulse Ventures
4. KAYA VC
6. Practica Capital
7. Aria
8. Fil Rouge Capital
9. Neulogy Ventures
10. Early Game Ventures
TOP 10 PEs
based on AuM
1. Enterprise Investors
2. Innova Capital
3. MCI
4. EnerCap
5. ARX
5. Jet Investment
7. Axxess Capital
8. GB & Partners
9. Euroventures
10. Quaestus
Logo Map Eastern Europe
Infographic Eastern Europe
Newcomers 2022
DOWNLOAD THE FULL 2022 REPORT FOR FREE
The full report includes detailed information on all featured VCs & PEs as well as portraits on the newcomer funds 2021, and includes a search index clustered by stage and investment focus.
Previous Publications
About the Publishers
As an international tech M&A, corporate finance advisory, investor and venture builder, the primary focus of i5invest/i5growth is to support growth and manage corporate development and cross-border M&A processes for extraordinary tech companies. Operating out of Berlin, Palo Alto, San Francisco and Vienna, i5 has set up over 150 strategic partnerships and international M&A transactions with companies such as Google, Microsoft, Salesforce, Verizon, Verisign, Samsung, Cisco, Telefonica, NBC, Naspers, Volkswagen, Amdocs, IAC, Pfizer/Zoetis, Nvidia, Airbus, Toronto Stock Exchange and many other global tier 1 technology giants.
Since its foundation in 2015, the goal of the WU Entrepreneurship Center is to show how starting a business can open up attractive perspectives for careers and personal development. The WU Entrepreneurship Center promotes, develops, and celebrates entrepreneurship, i.e. the entrepreneurial mindset and innovation as key skills for the 21st century. In this way, the WU Entrepreneurship Center acts as an ecosystem developer and think tank that helps to develop the full potential of university-affiliated start-ups.
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