Unconventional Ventures raises €52m in first close to back diverse founders: 'Bigger and bolder'

Unconventional Ventures partners Nora Bavey (left), Alexis Horowitz-Burdick, and Thea Messel. Supplied
10 nov. 2025
16:34
Unconventional Ventures has announced the first close of its Fund II as it looks to back underrepresented founders across Europe.

Here's the lowdown on:
– The new LPs
– Which startups it's looking for now
– and the new hire

Nordic impact investor Unconventional Ventures (UV) has announced the first close of its €80m second fund at €52m.

The fund has drawn backing from a coalition of institutional investors including the European Investment Fund (EIF), EIFO (the Danish Sovereign Fund), Nordea-fonden, Augustinus Fabrikker, TryghedsGruppen, and several family offices aligned with UV’s diversity mission.

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