Western Europe

The fund’s investors include venture funds-of-funds, family offices, entrepreneurs and creators.

Nordic investor Butterfly Ventures has raised €47 million toward a target fund size of €100 million, with first-close investors including Saminvest and Tesi.

Fund III's limited partners include institutions, family offices and more than a dozen founders.

The fund will back European startups in the B2B software, fintech and health sectors.

Patrizia AG, a global manager of real estate and infrastructure assets, has held a first close on €50 million ($52.8 million) for a new fund called Sustainable Futures Ventures.

Pollination is targeting $6bn for a series of funds focused on natural carbon sequestration in a joint venture with HSBC Asset Management.

I find comfort in knowing that there are people launching new funds to find solutions to problems that affect all of humanity – people like Rosie Wardle, co-founder of Synthesis Capital, a newly launched food technology investor.

Northern Gritstone, chaired by former Goldman Sachs AM chairman Jim O’Neill, aspires to create jobs and wealth in England’s underfunded North with SDG-aligned seed investments.

In an increasingly competitive market, venture firms can improve their odds of survival by teaming up with larger PE firms with whom they have synergy. This week Sofinnova Partners, a Paris-based early-stage life sciences investor, sold a minority stake to Apollo in return for Apollo committing to invest up to €1 billion to its funds.