b2venture has closed its Fund V at €150 million, reaching its hard cap and marking the firm's largest early-stage fund to date. The fund is supported by a mix of long-standing and new limited partners, including family offices, institutional investors, and high-net-worth individuals.

Investments and Focus

Fund V will invest in around 35 early-stage startups across Europe, following an industry-agnostic strategy with a focus on scalable, defensible technologies. Early investments include Nautica Technologies, Hive Robotics, Augmented Industries, and Assemblean. These investments reflect b2venture's focus on deep technology, AI, robotics, manufacturing, automation, and infrastructure companies shaping Europe's future.

Investment Model

b2venture's investment approach is centered on long-term collaboration with founders. Fund V continues the firm's intergenerational model, in which founders may become investors after exiting their companies and contribute experience, networks, and capital to subsequent generations of entrepreneurs. b2venture integrates a network of more than 350 experienced angel investors who contribute both capital and operational expertise.

Past Performance

Over the past two decades, b2venture has supported a range of European technology companies, including DeepL, 1KOMMA5°, Raisin, SumUp, Nelly, and Urban Sports Club. The firm has backed at least one unicorn in each fund generation and has been involved in 11 IPOs and more than 30 trade sales. In 2025, b2venture recorded one IPO with Navan and completed several portfolio exits, including Araris Biotech, Beekeeper, and Neptunes, which was acquired by OpenAI.