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e2vc Announces the First Close of Its €100M Fund III

by The Recursive 12 January 2026 2 mins read Europe

Europe ~

e2vc has announced the first close of its €100 million Fund III with the aim to support early-stage tech founders.

Founded in 2016, e2vc has established itself as a leading early-stage investor in Emerging Europe. To date, the firm has backed more than 50 companies, four of which have grown into unicorns. Fund III builds on this track record, continuing e2vc’s focus on Emerging Europe.

The first close was made possible through the support of more than 50 limited partners, alongside the firm’s partners and advisors, as they share in a post on LinkedIn. e2vc emphasized that the fund reflects strong conviction and a long-term mindset from its investor base, as well as deep trust in the firm’s strategy and execution.

Fund III is already actively deployed with the fund has committed to over 10 companies.

The new fund coming after rebranding

Last year, the team introduced their brand identity, e2vc, marking an evolution in its long-standing mission to support early-stage founders across Central and Eastern Europe, the Baltics, and Turkey. Now fully independent from 500 Global, the team emphasized that it has always operated autonomously.

“In this environment, we positioned ourselves as early-stage investors, from idea to seed, betting on incredible founders and their unparalleled execution capabilities and vision,” said Dilan Sisu.

According to the team, Emerging Europe continues to produce globally minded founders shaped by strong foundations in math and science, resilience born from underdog markets, and the ambition to compete despite limited access to capital. e2vc’s strategy focuses on helping startups build global traction from day one, particularly targeting large markets such as the US, through concentrated early-stage investments of around $1 million.

Updated: 12 January 2026

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