Despite the expected slowdown in activity during the pre-holiday season, we witnessed a few new European funds last week. Find below who will be competing for the most talented startups next year.

💸 Baltic Sandbox Ventures lines up €13M funds to boost early-stage deep techs in Europe

To unleash the potential of Deeptech and Life Science startups in the Baltic region, Sandbox Ventures has secured support from the Lithuanian government agency INVEGA and private investors.

The company will divide the funds raised into two equal parts, which will be invested in 80 developing deeptech startups at the pre-seed and seed stages.

Source: TFN

Baltic Sandbox Ventures 

💸 Italy-based VC firm P101 closes new fund, Programma 103 at €150M

The funds will be used to support technology startups from the fintech, edtech, proptech, and cybersecurity industries. The fund plans to issue checks from €1M to €10M; the geographical area of interest is Italy, Spain, and other European countries.

Source: Silicon Channels

P101 team

💸 Pan-European VC Speedinvest unveils €500 million fund to keep growing Europe's startup ecosystem

With this considerable sum, Speedinvest plans to invest €300M in innovative pre-seed and seed startups. The remaining funds will be set aside for selective follow-on investments in the fund's existing portfolio companies. The current portfolio size of Speedinvest is over €1B.

Source: EU Startups

Speedinvest team

💸 Cavalry Ventures announces the first close of its €160m fund

The firm will invest in 35 pre-seed and seed startups with checks from €500k to €2M while closing no more than 12 deals per year. About 60% of the fund will be reserved for further investment.

Source: Sifted

Cover image: Unsplash