‍Ventech Closes €175M Sixth Fund to Back Europe's NextWave of Tech Startups

Press release - September 22, 2025

- ‍Ventech, the pan-European multi-sector early-stage venture capital firm, announces the final closing of its sixth flagship fund, Ventech Capital VI, at €175 million, the largest fund in the firm’s 26-year history.

- 95% of LP renewal rate in the new fund

- The new fund focuses on five key sectors of investment: Vertical AI, Digital Health, Industrial Software, Cyber Security and Sovereignty.

- With €1.1 billion fund raised[1],Ventech has built a cross-border investment platform with 320+ investments, 185 exits and 19 IPOs. Notable investments include Believe (BLV.PA), Vestiaire Collective, Withings, Arteris, Webedia, Prewave, and Veo.

- To date, Ventech Capital VI has made 15 investments: 6 in France, 4 in Germany, 4 in the Nordics, and even 1 in the USA. Ventech Capital VI is on track to back around 35 companies across Europe.

Ventech, the pan-European multi-sector early-stage venture capital firm behind success stories like Believe (BLV.PA), Vestiaire Collective, Withings, the Nasdaq-listed Arteris(AIP), Prewave or Veo, announces the final close of its sixth flagship fund at €175 million. The fund surpasses its previous vintage by 15% and marks the largest in its 26-year history.

With the new fund, the firm solidifies its position in the heart of Europe's technological renaissance by holding the goal of supporting approximately 35 European tech startups in their Seed and Series A stage all the way to exit.  

AI is now 50%of its time and capital. 

The fund’s launch comes at a pivotal moment in the European tech ecosystem, as a new wave of technological disruption powered by artificial intelligence reshaping industries at an unprecedented pace. With AI driving transformation across sectors, Ventech is strategically dedicating 50%of its capital and time to AI-native vertical applications, backing category-defining companies that are shaping the future.

Beyond AI, the firm is doubling down on four additional investment theses that align with global technological shifts: Digital Health, Industrial Software, Cyber Security and Sovereignty. Each of these sectors represents a massive opportunity for innovation.

“We are entering a new cycle of disruption driven by AI and deep technological shifts. Now is the time to build, and we are thrilled to partner with ambitious founders tackling the biggest challenges and opportunities of our time,” said Jean Bourcereau, Chairman and Managing Partner at Ventech. “With 5 offices and a strong network across Europe, we are poised to support the next generation of category-defining companies from day one.”

With 15 companies already backed by Ventech Capital VI, featuring the German space traffic management company Okapi Orbits,the Finnish M&A SaaS firm Inven, the Swedish AI-driven IT service management startup Starhive, the enterprise platform tobuild AI agents Vertesia and the French Omaha Insights fornext-gen equity research.

Pioneering the real European play while Europe is more and more on its own

In 2023, Ventech took another bold step by opening its fifth[2] European office in Stockholm, building on its early footprint in Helsinki since 2016 to become one of the first French-born VCs with a true, on-the-ground presence in the Nordics. This pioneering spirit is nothing new: Ventech was among the first to set up locally in Germany and China, back in 2013 and 2006 respectively. The momentum doesn’t stop there. Ventech is doubling down on the DACH region, expanding its team in Munich and deepening its connections to the local innovation ecosystems.

In today’s shifting geopolitical landscape, European VCs are increasingly on their own. Technology is undeniably central to Europe’s future economic strength. Ventech remains loyal to its European conviction since day one: ensuring Europe retains a seat at the global table. In particular, Europe can rely on talent and ambition. Its entrepreneurial talent pool has surged relentlessly over the past 20 years, making it a powerhouse in the global arena.

Jean Bourcereau added: “Friendly globalization is suffering, to say the least. Europe is more and more on its own. With 8 of the world's 10 biggest companies being US tech giants, Europe’s path is clear-double down on innovation. VC funds must step up to drive the next wave of global leaders.”

Zero senior departure since the past 15 years: Ventech’s been through multiple economic cycles, and now it’s time for the younger generations

Ventech was founded on the eve of the infamous dot-combubble, a period that saw countless VC funds and startups crumble. Yet, Ventechemerged stronger, forged by two unwavering convictions:

1. Crises are prime moments for investment, as they often give rise to the next generation of industry giants.
2. Technology, despite the turmoil, will continue to reshape the world.

Ventech’s team of 18 people, spanning 6 nationalities, is fully dedicated to long-term value creation. It includes 10 investors, 6 of them are General Partners with an average of 17 years' VC experience, who lead deals, take board seats, and actively support startups within a flat, distributed partnership model.

As Ventech’s Founding Partner, Alain Caffi retires on a high note - with an outstanding 36x multiple exit from Believe, he generously and gracefully passed the torch to the next generation, marking the beginning of a new chapter in Ventech’s long-term story.

Jean Bourcereau steps up as Chairman, continuing to carry forward the firm’s vision and legacy, while the leadership team embraces a younger generation: Stephan Wirries becomes General Partner with Fund VI, and Audrey Soussan proudly stands as one of the female GPs in France, both under 40.

Beyond strengthening its next-generation leadership, Ventech has expanded its operational team over the past three years with key hires, including a Head of Marketing, Head of Investor Relations, and an Impact & ESG Manager, to better support both the firm and its portfolio.

The firm has also launched an early-stage impact arm – AFI Ventures – in 2020. This pre-seed and seed impact fund has become a major force in early-stage impact investing across Europe. With an active and fast-growing team, AFI has already backed over 40 impact-driven startups and deployed 60% of its fund commitment.

Jean Bourcereau concluded: “We’re proud to have raised this sixth-generation fund with the backing of a diverse group of international LPs. A 95% re-up rate speaks volumes about the trust in Ventech’s performance and core beliefs. We're also honored to see over a dozen former founders return as investors, one of the strongest endorsements we could receive. The entire team is deeply grateful for the continued trust of our LPs and the founders who chose us to stand by their side!”

About Ventech

Ventech is a well-established early-stage venture capital firm in both Europe and Asia with a strong digital focus. Founded in 1998, Ventech backs the most innovative and visionary tech entrepreneurs in diverse sectors with a global ambition. With its dual structure platform, Ventech has dedicated funds for Europe (Paris, Munich, Berlin, Helsinki & Stockholm) and Asia (Shanghai and Hong Kong).

Since its inception, Ventech has raised over 1.1B€ and has realized over 320 investments, (including Vestiaire Collective, Prewave, Ogury, The Customization Group, Veo Technologies, Crossbeam, Speexx, Keep) and 185 exits (Believe (BLV.PA) – listed on Euronext; Arteris (AIP) listed on Nasdaq; FintecSystems; Withings; 4 Stop, etc.).

For more information, visit www.ventechvc.com

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Yakun Wang, Head of Marketing& Communication

Yakun.wang@ventechvc.com

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[1] With Ventech’s sister company Ventech China, and its early-stage impact arm AFI Ventures taken into account.

[2] Paris, Munich, Berlin, Helsinki and Stockholm