💸 $3bn fund announcements to kickstart 2026

Venture capital firms across Europe and beyond are pouring fresh millions into deep tech, life sciences and climate innovation, signalling sustained investor confidence in science-led startups tackling some of the world’s biggest health, environmental and societal challenges.

From major philanthropic-backed and government commitments to multi-million-dollar venture funds, this new wave of capital is targeting early and later stage on clean energy, biodiversity protection, advanced materials and industrial decarbonisation.

These Funds Announced Fresh Capital in 2026

Correct as of 6. February 2026.

🇪🇸 Spain-based VC firm Mundi Ventures completed a €750 million first close for its deeptech and climate-focused Kembara Fund I, backed by a €350 million European Investment Fund commitment, to invest in European Series B and C scaleups with large tickets and blended equity and non-dilutive financing to bridge the growth capital gap.

💶 The Novo Nordisk Foundation has committed up to €736 million to the Copenhagen-based BioInnovation Institute through 2035 to expand its support for life science and deep tech startups across Europe addressing health, climate and societal challenges.

💶 Eurazeo launched a €500 million target Future Industries Fund to invest €10-30 million tickets in late-stage and early-growth European climate and industrial tech companies, focusing on capital-intensive sectors such as energy, buildings, infrastructure and resource supply chains.

💰 Obvious Ventures raised its fifth fund at $360,360,360, continuing its tradition of symbolic fund sizes while backing early-stage startups across planetary, human and economic health with investments in areas such as geothermal energy, AI-driven drug discovery and robotics.

💵 Voyager Ventures, an early-stage VC firm investing in foundational technologies across Europe and the US, closed its $275 million Fund II to back startups in energy, materials, industrial software, mobility, built environment and carbon management.

🔵 Paris-based VC firm daphni completed a €260 million final close for its Blue fund to back science-driven deeptech startups across Europe, with the aim of turning research-led innovations into scalable companies addressing societal and environmental challenges. 

💶 UK VC 2150 secured €210 million for its second fund, backed by Viessmann Generations Group, Chr. Augustinus Fabrikker, Novo Holdings, EIFO, Security Trading Oy, Islandbridge Capital, Carbon Equity and the US-based Church Pension Group, to scale Series A climate and industrial technologies reshaping cities and heavy industry.

💰 Slate Venture Capital secured €132 million at the first close of its inaugural growth fund, backed by investors including the European Investment Fund, Bpifrance, FNVI and BNP Paribas to invest in European B2B companies scaling energy transition, low-carbon industrial and circular economy technologies.

🇩🇰 Copenhagen-based The Footprint Firm closed its €76 million Footprint Fund I, backed by investors including Novo Holdings and EIFO, to invest in around 30 early-stage DeepTech startups across Northern Europe focused on scalable technologies for the green transition.

🦄 German VC firm Ananda Impact Ventures secured €73 million in the first close of its fifth Core Impact Fund from backers including the European Investment Fund, NRW.BANK, Investcorp-Tages, Mercator Foundation and more than 40 European family offices. It will use the funds to invest in early-stage frontier technology startups positioned to become the next generation of European impact unicorns in areas such as climate, health, biodiversity and social inclusion.

🇩🇰 Denmark’s BioInnovation Institute secured up to €25 million from the Novo Nordisk Foundation to launch its “Upscalator” initiative supporting early-stage European biosolutions startups with facilities, expertise and capital to accelerate their market readiness and green transition impact.

🌲 Biodiversity-focused venture firm Superorganism closed its first fund with $25.9 million, backed by investors including the Cisco Foundation, Builders Vision and a16z partner Jeff Jordan, to support pre-seed and seed startups working to protect nature, reverse species loss and build conservation-enabling technologies.

🇩🇪 Munich-based deeptech investor Vanagon Ventures closed its first fund with €20 million in private capital to back pre-seed and seed-stage European B2B deeptech startups in sectors such as manufacturing, materials, AI and natural capital.

💧 Amsterdam-based PureTerra Ventures launched its second WaterTech fund with a €10 million cornerstone investment from Dutch development bank Invest-NL, targeting €150 million to back early-stage, scalable water efficiency and reuse technologies.

🇦🇺 The Australian government has finalised the design of a A$5 billion Net Zero Fund that will lend to heavy industry on highly concessional terms to help firms decarbonise and adopt clean technologies.