New money: The first-time European impact VCs to watch in 2026

Some of the founding partners mentioned in this article. Full names below. Credit: Press photos/Impact Loop design
29 mars 2026
20:56
A new generation of impact funds is launching across Europe with a fresh thesis centred around cost competitiveness, resilience, and sustainability.

In this roundup, based on our reporting across Europe and beyond, you'll find:

→ The first-time impact funds that recently closed
→ The founders, theses, and early investments behind each one
→ Where they're looking to deploy capital next

Raising a first fund has never been easy. But the past year or so has been particularly brutal, with European VC fundraising sinking to a decade-low in 2025.

Amid a tough macroeconomic climate, LP capital has retreated to familiar funds and toward perceived safer bets such as software and AI. Several impact fund managers have told Impact Loop in recent months that they face a unique set of hurdles, including LPs wary of asset-heavy hardware bets, and the...

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