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
She also highlighted they will be more focused on reserving capital for follow‑on rounds, a lesson learned from the four unicorns which emerged across two funds. “We would like to have enough allocation for the follow-on rounds and we will separate that amount just for the follow-ons,” she emphasized, ensuring continued support for their successful portfolio companies.
