Updated November 2026

Top 100 Series A VC funds in Europe

Funds matching

734

Top 100 ranked below

Median est. dry powder

$202.5M

Across the 100 ranked funds

Top countries

  • UK40
  • France16
  • Germany9

Top stages

  • Series A100
  • Early Stage96
  • Seed95

Ranked by estimated dry powder

Largest first. Click a fund for its full profile.

  1. 1
    Index Ventures

    UK · Cheque $2.5M–$30M

    AngelSeedSeries A+10
    $4B
  2. 2
    Forbion

    Netherlands · Cheque $2.3M–$35.1M

    SeedSeries ASeries B+7
    $2.4B
  3. 3
    European Investment Bank

    Luxembourg · Cheque $23.1M–$100M

    GrantSeedSeries A+4
    $2.2B
  4. 4
    Highland Europe

    UK · Cheque $3.6M–$48.3M

    Series ASeries BSeries C+7
    $1B
  5. 5
    Balderton Capital

    UK · Cheque $4.9M–$34.5M

    AngelSeedSeries A+9
    $936.4M
  6. 6
    AXA Investment Managers

    France

    Series ASeries BSeries C+2
    $933.2M
  7. 7
    Sofinnova Partners

    France · Cheque $1.1M–$18.8M

    AngelSeedSeries A+7
    $876.4M
  8. 8
    Lightrock

    UK · Cheque $3.5M–$36.7M

    GrantSeedSeries A+7
    $852.6M
  9. 9
    CDP Venture Capital

    Italy · Cheque $853.2K–$11.2M

    SeedSeries ASeries B+3
    $816.1M
  10. 10
    Mundi Ventures

    Spain · Cheque $543.7K–$6.7M

    AngelSeedSeries A+7
    $790.7M

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About

About this list

Every firm on this list is based in Europe and has invested in Series A rounds. Firms with more uncommitted capital can lead or anchor a round, so this is a practical shortlist for finding a lead investor.

Funds are ranked by estimated dry powder, largest first, with the name breaking ties. Dry powder is a firm-level estimate of capital raised but not yet invested, from licensed private-markets data, so treat it as a guide rather than a quote. Firms that also run buyout strategies are left out, because most of their dry powder is buyout capital. Cheque sizes are estimated from fund sizes.

Questions about this list

Who are the top Series A VC funds in Europe?

Ranked by estimated dry powder, the top five are Index Ventures, Forbion, European Investment Bank, Highland Europe and Balderton Capital. The full ranking of 100 firms is above.

Which firm has the most capital to deploy on this list?

Index Ventures, with an estimated $4B of dry powder.

What is this list based on?

Every firm on this list is based in Europe and has invested in Series A rounds. Firms with more uncommitted capital can lead or anchor a round, so this is a practical shortlist for finding a lead investor.

How is dry powder estimated?

From the size and vintage of each manager's recent funds and how much of them is likely already invested. It is an estimate, best used to compare firms rather than as an exact figure.

Get the partner to contact at each fund.

The Pro and Team plans add partner emails and LinkedIn, exports and outreach drafts for every fund on these lists.