Updated November 2026

Top 100 VC firms in Europe

Funds matching

929

Top 100 ranked below

Median est. dry powder

$226.6M

Across the 100 ranked funds

Top countries

  • UK40
  • France15
  • Germany11

Top stages

  • Early Stage95
  • Series A89
  • Series B86

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
    Generation Investment Management

    UK · Cheque $5.6M–$51.2M

    Series BSeries CSeries D+7
    $1.2B
  5. 5
    Highland Europe

    UK · Cheque $3.6M–$48.3M

    Series ASeries BSeries C+7
    $1B
  6. 6
    Balderton Capital

    UK · Cheque $4.9M–$34.5M

    AngelSeedSeries A+9
    $936.4M
  7. 7
    AXA Investment Managers

    France

    Series ASeries BSeries C+2
    $933.2M
  8. 8
    Sofinnova Partners

    France · Cheque $1.1M–$18.8M

    AngelSeedSeries A+7
    $876.4M
  9. 9
    Lightrock

    UK · Cheque $3.5M–$36.7M

    GrantSeedSeries A+7
    $852.6M
  10. 10
    CDP Venture Capital

    Italy · Cheque $853.2K–$11.2M

    SeedSeries ASeries B+3
    $816.1M

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About

About this list

Every firm on this list is based in Europe and invests at venture stages, from seed to growth. Use it as a starting shortlist, then narrow down with the stage lists for Europe and each firm's profile.

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 VC firms in Europe?

Ranked by estimated dry powder, the top five are Index Ventures, Forbion, European Investment Bank, Generation Investment Management and Highland Europe. 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 invests at venture stages, from seed to growth. Use it as a starting shortlist, then narrow down with the stage lists for Europe and each firm's profile.

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.