Reports, events and research on women in VC

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Case studies

World of VC

Behind every startup is a fund that said yes.
Explore the decisions and outcomes that shaped Europe's VC landscape.

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Satellite orbiting above Earth
Finland
ICEYE

Two Helsinki students turned a university project into a $12 billion radar army watching the planet from orbit.

Sector: Space Tech/Dual-Use
Backed by: Scaleup Europe/EQT, Nokia,
Qatar Investment Authority, TCV,
Solidium, Tesi, Keva, Varma, Ilmarinen

Interior room with a wall-mounted bookshelf and shelving unit
Poland
tylko

Betting €2m on a €300 billion furniture market with a unique value proposition

Sector: D2C with proprietary parametric design
Backed by: Experior VC, Pitango, SquareOne

Illustration of a glowing padlock and shield icon on a circuit board background, representing cybersecurity
France
bfore AI

The cybersecurity startup that stops attacks before they're even launched, and turned a pre-seed check into a 9.4x exit.

Sector: Security & Dual-Use
Backed by: The Venture City

Assorted vitamin pills and capsules spilling from a glass jar onto a light blue surface
United Kingdom
Myota

Revenue up 155%, new customers up 207%, and a fibre built to work across very different guts.

Sector: Health & Bio
Backed by: Peak Bridge

IQM quantum computer
Finland
IQM Quantum Computing

From four people to a €2.7 billion valuation: IQM is Europe’s quantum champion.

Sector: Deeptech & AI
Backed by: Ekaterina Almasque/ Former OpenOcean's GP

Open Cosmos Open Constellation illustration
United Kingdom
Open Cosmos

Revenue up 572% since 2022. Now a €300 million Series C.

Sector: Aerospace
Backed by: Claret Capital Partners

Production line with orange robotic arms and black machine cells on a dark background
Sweden
Holyvolt

A pre-seed check into printable solar and batteries, now worth 4.84x on paper.

Sector: Climate & Energy
Backed by: Course Corrected VC

Quantum computing chip with glowing teal circuitry and gold wiring
Ireland
Equal1

Same silicon, same factories, a whole new kind of computer: that's the bet behind Equal1.


Sector: deeptech & AI
Backed by: Atlantic Bridge

Satellite orbiting above Earth
Finland
Kuva Space

€0.96m at seed. €97m five years later. One satellite fleet watching the planet for defence, crops, and everything in between.,

Sector: Deeptech & AI
Backed by: Voima Ventures

Workers in orange vests gathered in front of a large scaffolded structure under construction
Austria
Emmi AI

Simulations that took days now run in seconds, and Mistral AI bought the team that did it.


Sector: Industrial & manufacturing
Backed by: 3VC

France
Sonio

Two FDA clearances, a female CEO throughout, and an €86 million exit.

Sector: Hetalh Tech
Backed by: OneRagtime

Silhouette of electrical power lines and pylons against a sunset sky
Sweden
engrate

The AI API quietly untangling Europe's messiest grid integration headaches, one connection at a time.

Sector: Climate & Energy
Backed by: Course Corrected VC

Close-up of a jet engine turbine
Netherlands
Aiir Innovations

An AI that reads aircraft engines faster than any human ever could, and Borski Fund exited with the receipts.

Sector: Aerospace
Backed by: Borski Fund

Earth's curved horizon glowing blue against dark space
United Kingdom
BioOrbit

BioOrbit is turning zero gravity into the world's most unusual drug factory.


Sector: health & Bio
Backed by: Auxxo

Collage of X-ray images of human bones and joints
France
Gleamer

From Pre-Seed to a €230 Million Exit: Backing the AI That Reads Medical Images.

Sector: Health & bio
Backed by: Bpifrance

Glowing processor cube on a dark circuit board with orange traces
Poland
finQbit

Banks care about profit, cost and risk. They have already shown its quantum-ready tools to quant teams at J.P. Morgan, HSBC and ING.

Sector: Fintech
Backed by: 28DIGITAL

Aerospacelab satellite for the IRIS2 constellation
Belgium
Aerospacelab

Six engineers in 2018. 264 satellites for Europe’s IRIS² network in 2026.

Sector: Deeptech & AI
Backed by: Xange

United Kingdom
Flow Engineering

Seed in 2025. €670 million valuation in 2026.


Sector: Deeptech & AI
Backed by: Odyssey

Hands typing on a laptop with floating AI analytics charts above the screen
Austria
Storyblok

From three people to 200+: the content platform that grew revenue 50x and now serves global brands.


Sector: Enterprise Software
Backed by: 3VC

Worker walking between rows of dark battery storage containers
Sweden
Tavion

€2m pre-seed, €155m mark, and a 3 GW race to keep Europe's grid steady.

Sector: Climate & Energy
Backed by: Course Corrected VC

3D illustration of a human heart and blood vessels
Ireland
CroíValve

A Trinity Dublin spin-out built one device for any heart size, and it just pulled in $43 million to prove it in US trials.


Sector: health & Bio
Backed by: Atlantic Bridge

Striped and patterned dresses hanging on a boutique clothing rail
France
Launchmetrics

A €1.8m cheque into fashion data became 298 new jobs and a Lectra deal worth up to $240 million.

Sector: Enterprise software
Backed by: Bpifrance

Man working at a desk with a desktop monitor and a laptop showing data dashboards
Serbia
Insightful

They grew 11x in value by showing companies where their productivity hides.

Sector: Enterprise software
Backed by: South Central Ventures

Hand holding a smartphone showing an indoor navigation map in a shopping mall
Germany
Ariadne Maps

A Munich start-up that turned smartphone signals into a profitable, US-bound business.

Sector: Industrial & manufacturing
Backed by: 28DIGITAL

Close-up of translucent green liquid bubbles
Spain
jolt solution

Jolt coats the electrodes that make green hydrogen possible, and the orders are going global.


Sector: Industrial & manufacturing
Backed by: Climentum Capital

Smartphone home screen filled with popular app icons
Denmark
Tiimo

From University Project to iPhone App of the Year.


Sector: Consumer Software
Backed by: Crowberry Capital

Illustration of a cancer cell inside a targeting crosshair among blue cells
Netherlands
RadioGenesis

RadioGenesis is using AI to design cancer drugs that deliver radiation straight to the tumour.


Sector: health & Bio
Backed by: Auxxo

Bestfewo holiday rental website mockup
Germany
Holidu

The Munich platform that turned holiday rentals into a €159 million revenue business.

Sector: Marketplaces
Backed by: Claret Capital Partners

Abstract graphic of thin light streams converging into a glowing vertical beam on a dark background
Spain
Onum

A 4.2x return in under three years: Onum took security data into the pipeline, and CrowdStrike took Onum.


Sector: Deeptech & AI
Backed by: Kibo Ventures

Laptop screen showing a monthly planner calendar
France
Skello

From a Seed cheque in 2018 to a €200 million Bridgepoint round in 2026.


Sector: Enterprise software
Backed by: Xange

Times Square at night lit by neon billboards
Croatia
All eyes on screens

TV advertising used to run on agencies and spreadsheets. AEOS runs it on AI.


Sector: Enterprise software
Backed by: South Central Ventures

France
Antimatter

From 12 employees and no revenue to €1.4 billion in signed agreements


Sector: AI infrastructure
Backed by: OneRagtime

Person tapping a smartphone with a donate heart icon and floating gift and currency icons
Canada
Zeffy

Free for nonprofits, profitable for Zeffy: from $1.3 million to $41.5 million in revenue in four years.


Sector: software
Backed by: Ring Capital

Dog sitting next to a bowl of dog food
Sweden
petgood

Insects in, carbon out: the pet food startup rethinking what's in the bowl.


Sector: Climate & Energy
Backed by: Course Corrected VC