64 government and public startup funds in Europe
We list 64 government and public startup funds in Europe as of November 2026: each was checked on its own website or an official register, and the list was last checked on 9 Nov 2026. The cities with the most head offices on this list are Rome (3), Paris (3) and Vienna (3).
Top 10 government and public startup funds in Europe, ranked by recent fund activity
Among firms with a published profile and a dated fund or deal in the last 24 months. The rule: Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns. The same rule orders the whole list; it is repeated in the method box.
IBB Ventures
Type: Government or university fund · HQ: Berlin, Germany · Stages: Pre-seed, Seed, Series A · Focus: Healthtech, SaaS, Industrial Tech, Consumer · Latest activity: New deal, Oct 2026 · Fund size or assets: €300M (own site)
Dated new deal in Oct 2026; €300M on file (own site); backs pre-seed, seed, Series A; 5 named decision-makers on file.
Coinvest Capital
Type: Government or university fund · HQ: Lithuania · Stages: Pre-seed, Seed, Series A · Focus: Climate Tech, Healthtech, Deep Tech, AI · Latest activity: Portfolio news, Oct 2026 · Fund size or assets: €44M (own site)
Portfolio news dated Oct 2026; €44M on file (own site); backs pre-seed, seed, Series A; 2 named decision-makers on file.
GU Ventures
Type: Government or university fund · HQ: Gothenburg, Sweden · Stages: Pre-seed, Seed · Focus: Healthtech, Deep Tech, Climate Tech, Agritech · Latest activity: Portfolio news, Oct 2026
Portfolio news dated Oct 2026; backs pre-seed, seed; 3 named decision-makers on file.
Invest-NL
Type: Government or university fund · HQ: Amsterdam, Netherlands · Stages: Series A, Growth · Focus: Deep Tech, Energy, Climate Tech, Agritech · Latest activity: Portfolio news, Oct 2026
Portfolio news dated Oct 2026; backs Series A, growth-stage.
InnovationQuarter
Type: Government or university fund · HQ: Netherlands · Stages: Seed, Series A, Growth · Focus: Healthtech, Energy, Climate Tech, Food and Beverage · Latest activity: Portfolio news, Nov 2026
Portfolio news dated Nov 2026; backs seed, Series A, growth-stage.
TNO Ventures
Type: Government or university fund · HQ: Netherlands · Stages: Pre-seed, Seed · Focus: Deep Tech, AI, Medtech, Climate Tech · Latest activity: Portfolio news, Sep 2026
Portfolio news dated Sep 2026; backs pre-seed, seed.
Enterprise Ireland
Type: Government or university fund · HQ: Dublin, Ireland · Stages: Pre-seed, Seed, Growth · Focus: Generalist · Latest activity: Portfolio news, Nov 2026
Portfolio news dated Nov 2026; backs pre-seed, seed, growth-stage.
SBG, Sächsische Beteiligungsgesellschaft
Type: Government or university fund · HQ: Dresden, Germany · Stages: Seed, Growth · Focus: Generalist, Healthtech, Biotech, Energy · Latest activity: Portfolio news, Jul 2026
Portfolio news dated Jul 2026; backs seed, growth-stage; 4 named decision-makers on file.
Seed Capital Bizkaia
Type: Government or university fund · HQ: Bilbao, Spain · Stages: Pre-seed, Seed, Growth · Focus: Generalist, Biotech, Impact · Latest activity: New deal, Jul 2026
Dated new deal in Jul 2026; backs pre-seed, seed, growth-stage.
Digital Africa
Type: Government or university fund · HQ: Paris, France · Stages: Pre-seed, Seed · Focus: Fintech, Agritech, Healthtech, Edtech · Latest activity: Portfolio news, May 2025 · Fund size or assets: €30M (own site)
Portfolio news dated May 2025; €30M on file (own site); backs pre-seed, seed.
First 25 of 64 government and public startup funds in Europe
| Investor | Type | HQ | Stagesour research | Focusour research | Latest fund or deal | Fund sizeas filed or stated | Checked | Contacts |
|---|---|---|---|---|---|---|---|---|
| IBB Ventures | Government or university fund | Berlin, Germany | Pre-seed, Seed, Series A | Healthtech, SaaS, Industrial Tech, Consumer | New deal, Oct 2026 | €300M (own site) | 7 Nov 2026 | 5 names, firm email · Unlock |
| Coinvest Capital | Government or university fund | Lithuania | Pre-seed, Seed, Series A | Climate Tech, Healthtech, Deep Tech, AI | Portfolio news, Oct 2026 | €44M (own site) | 7 Nov 2026 | 2 names, firm email · Unlock |
| GU Ventures | Government or university fund | Gothenburg, Sweden | Pre-seed, Seed | Healthtech, Deep Tech, Climate Tech, Agritech | Portfolio news, Oct 2026 | 7 Nov 2026 | 3 names · Unlock | |
| Invest-NL | Government or university fund | Amsterdam, Netherlands | Series A, Growth | Deep Tech, Energy, Climate Tech, Agritech | Portfolio news, Oct 2026 | 7 Nov 2026 | firm email · Unlock | |
| InnovationQuarter | Government or university fund | Netherlands | Seed, Series A, Growth | Healthtech, Energy, Climate Tech, Food and Beverage | Portfolio news, Nov 2026 | 7 Nov 2026 | firm email · Unlock | |
| TNO Ventures | Government or university fund | Netherlands | Pre-seed, Seed | Deep Tech, AI, Medtech, Climate Tech | Portfolio news, Sep 2026 | 7 Nov 2026 | firm email · Unlock | |
| Enterprise Ireland | Government or university fund | Dublin, Ireland | Pre-seed, Seed, Growth | Generalist | Portfolio news, Nov 2026 | 7 Nov 2026 | No contact on file | |
| SBG, Sächsische Beteiligungsgesellschaft | Government or university fund | Dresden, Germany | Seed, Growth | Generalist, Healthtech, Biotech, Energy | Portfolio news, Jul 2026 | 7 Nov 2026 | 4 names, firm email · Unlock | |
| Seed Capital Bizkaia | Government or university fund | Bilbao, Spain | Pre-seed, Seed, Growth | Generalist, Biotech, Impact | New deal, Jul 2026 | 7 Nov 2026 | firm email · Unlock | |
| Bayern Kapital | Government or university fund | Landshut, Germany | Pre-seed, Seed, Series A, Growth | Deep Tech, Healthtech, Biotech, SaaS | €1.3B (own site) | 7 Nov 2026 | 5 names · Unlock | |
| AXIS (ICO Group) | Government or university fund | Madrid, Spain | Growth, Any stage | Generalist, Deep Tech, Healthtech, Climate Tech | €12.2B (own site) | 9 Nov 2026 | No contact on file | |
| CDP Venture Capital | Government or university fund | Rome, Italy | Pre-seed, Seed, Series A, Series B, Growth | Generalist, AI, Deep Tech | €4.9B (own site) | 7 Nov 2026 | LinkedIn page · Unlock | |
| ADEME Investissement | Government or university fund | Paris, France | Growth | Climate Tech, Energy, Mobility, Food and Beverage | €400M (own site) | 9 Nov 2026 | 4 names, firm email · Unlock | |
| Digital Africa | Government or university fund | Paris, France | Pre-seed, Seed | Fintech, Agritech, Healthtech, Edtech | Portfolio news, May 2025 | €30M (own site) | 7 Nov 2026 | LinkedIn page · Unlock |
| Portugal Ventures | Government or university fund | Porto, Portugal | Pre-seed, Seed, Series A | SaaS, Deep Tech, Healthtech, Biotech | €283M (own site) | 7 Nov 2026 | firm email · Unlock | |
| WU Ignite Ventures | Government or university fund | Vienna, Austria | Pre-seed | Generalist | Investment listed in 2026 | 7 Nov 2026 | 2 names · Unlock | |
| BMH Beteiligungs-Managementgesellschaft Hessen | Government or university fund | Wiesbaden, Germany | Seed, Series A, Growth | Generalist, Deep Tech | Investment listed in 2026 | 7 Nov 2026 | 5 names, firm email · Unlock | |
| Fraunhofer Venture | Government or university fund | Munich, Germany | Pre-seed, Seed | Deep Tech, Healthtech, AI, B2B | Portfolio news, Mar 2026 | 7 Nov 2026 | 2 names · Unlock | |
| ROM Utrecht Region | Government or university fund | Utrecht, Netherlands | Pre-seed, Seed, Series A, Growth | Healthtech, Biotech, Climate Tech, Generalist | €100M (own site) | 7 Nov 2026 | firm email · Unlock | |
| SIMEST | Government or university fund | Rome, Italy | Growth | Generalist | €100M (own site) | 7 Nov 2026 | firm email · Unlock | |
| Erganeo | Government or university fund | Paris, France | Pre-seed | Deep Tech, Healthtech, Biotech, Medtech | €47M (own site) | 7 Nov 2026 | firm email · Unlock | |
| Lazio Innova (Innova Venture) | Government or university fund | Rome, Italy | Seed, Series A | Deep Tech, Generalist | €44M (own site) | 7 Nov 2026 | 1 name, firm email · Unlock | |
| GENIUS Venture Capital GmbH | Government or university fund | Schwerin, Germany | Seed, Series A | Healthtech, Climate Tech, Energy, Deep Tech | New fund, Dec 2015 | €15M (own site) | 7 Nov 2026 | 3 names, firm email · Unlock |
| MBG Baden-Württemberg | Government or university fund | Stuttgart, Germany | Seed | Deep Tech, Generalist | €12M (own site) | 7 Nov 2026 | 1 name · Unlock | |
| aws Gründungsfonds | Government or university fund | Vienna, Austria | Seed, Series A, Series B | Deep Tech, SaaS, Biotech, AI | 7 Nov 2026 | 4 names · Unlock |
You are seeing 25 of 64. The full list adds 39 more funds and 94 named decision-makers.
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How these 64 break down
By European country
| European country | On this list | Share |
|---|---|---|
| Germany | 16 | 25% |
| Netherlands | 12 | 19% |
| Spain | 9 | 14% |
| Austria | 5 | 8% |
| Italy | 4 | 6% |
| France | 4 | 6% |
| Norway | 3 | 5% |
| Sweden | 2 | 3% |
Full lists, each with its own row count: Startup investors in Germany (91)Startup investors in the Netherlands (69)Startup investors in Spain (70)Startup investors in Austria (34)Startup investors in Italy (36)Startup investors in France (189)Startup investors in Norway (41)Startup investors in Sweden (35)
By stage
| Stage | On this list | Share |
|---|---|---|
| Pre-Seed | 28 | 44% |
| Seed | 54 | 84% |
| Series A | 27 | 42% |
| Series B | 7 | 11% |
| Growth | 39 | 61% |
Stage is our research. A firm can back more than one stage.
Full lists, each with its own row count: Pre-seed investors in Europe (260)Seed investors in Europe (543)Series A investors in Europe (329)Series B investors in Europe (117)Growth-stage investors in Europe (276)
By sector
| Sector | On this list | Share |
|---|---|---|
| Deep Tech | 36 | 56% |
| Healthtech | 27 | 42% |
| Climate Tech | 26 | 41% |
| Energy | 12 | 19% |
| SaaS | 9 | 14% |
| AI | 9 | 14% |
| Agritech | 9 | 14% |
| Food and Beverage | 9 | 14% |
| Industrial Tech | 8 | 12% |
| Biotech | 8 | 12% |
| Defense Tech | 7 | 11% |
| Mobility | 5 | 8% |
Sector is our research. A firm can carry more than one sector.
Full lists, each with its own row count: Deep tech investors in Europe (299)Healthtech investors in Europe (291)Climate tech investors in Europe (250)Energy investors in Europe (103)SaaS investors in Europe (239)AI investors in Europe (230)Agritech investors in Europe (63)Food and beverage investors in Europe (67)Industrial tech investors in Europe (60)Biotech investors in Europe (89)Defense tech investors in Europe (48)Mobility investors in Europe (44)
Method and limits
- Source
- No row on this list rests on an SEC filing. All 64 have a website we checked. Filing date and fund size are SEC data where a filing exists. Stage, sector and check size are our research.
- Inclusion rule
- Organizations that back startups. Individuals, buyout funds and firms we found to be inactive are left out. Type: we class every organization on this list as "Government or university fund", from its own site or a filing.
- Order
- Firms with a published profile come first. Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns.
- Last refreshed
- November 2026. Rows on this list were checked between 7 Nov 2026 and 9 Nov 2026.
- Fill rates
- Of 64 rows: stage 64, sector 64, fund size 14, website 64. In the paid file: named decision-makers on 32 rows, firm email on 45, LinkedIn page on 45, check size on 26.
- Corrections
- Email [email protected] or use the update form. We act within 5 working days.
Questions
How many government and public startup funds in Europe are there?
We list 64 as of November 2026. 12 of the 64 have a fund filing or a dated deal in the last 12 months. The cities with the most are Rome (3), Paris (3) and Vienna (3).
Which sectors do government and public startup funds in Europe back most?
On this list: deep tech (36), healthtech and digital health (27), climate tech (26) and energy (12). Sector is our research and a firm can carry more than one.
Which government and public startup funds in Europe raised a new fund in the last 12 months?
None of the 64 has a fund filing dated in the last 12 months on file; 12 have other dated activity in that time (new deal and portfolio news), most recently Enterprise Ireland (portfolio news, Nov 2026), InnovationQuarter (portfolio news, Nov 2026) and IBB Ventures (new deal, Oct 2026).
Which stages do government and public startup funds in Europe back?
Of the 64 with a stage on file, seed (54), growth-stage (39) and pre-seed (28). A firm can back more than one stage.
Where does the data on government and public startup funds in Europe come from and how often is it updated?
All 64 rows were checked on the firm's own website, with official registers and national venture capital association directories as the starting point. Filing date and fund size come from the filing. Stage, sector and check size are our research. Rows on this list were last checked on 9 Nov 2026 at the latest. The whole file is re-verified twice a year.
Can I download the list of government and public startup funds in Europe as a spreadsheet?
Yes. The file holds all 64 rows in Excel and CSV, with 94 named decision-makers and 45 firm emails, for $49 one-time. 25 rows are free on this page.
Broader lists
Related lists
Venture capital firms in Europe (412)Angel networks in Europe (75)Corporate venture capital firms in Europe (46)Startup accelerators in Europe (19)
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