Europe

SET Ventures, a Dutch venture capital firm focused on sustainable technologies, raised €200 million for its fourth fund.

RAC VII plans to back 15 to 20 early-stage European companies.

Touring Capital's new venture partners aim to help founders of AI-enabled B2B software companies find new and bigger customers.

More data center operators are turning to liquid cooling systems to handle increased heat generated by higher-density data processing equipment.

Part two of this five-part series looks at the challenges presented by the rapidly growing data center industry, which will require a host of new technologies – and substantial venture capital investment – to meet the demands of AI.

Climate-focused venture funds raised a combined $6.9 billion as of August 6, up from $5.2 billion for all of 2023, according to Venture Capital Journal research.

If Q2's pace continues through the rest of the year, the full-year total could come in at around $120bn, matching the 2023 total.

A difficult environment for private equity dealmaking could lift in the second half of the year as the outlook for business performance improves and macro uncertainties clear, says Jesse Feldman of Battery Ventures.

The Swedish firm spent two years fundraising in an 'undeniably challenging' market, says partner Johanna Levander.

Forbion, a life sciences venture capital firm, has held a first close on €75m for Forbion BioEconomy Fund I, which is targeting €150m.