BlackWood Ventures Closes $25 Million Fund to Back European Ventures

Blackwood Ventures, a community and technology-driven early-stage VC, led by Bastian Larsen(CEO and Partner), Thomas Derambure(COO and Partner), Simon Stampe(Chairman and Partner), and others, announced the close of $25 million fund to back next-generation European startups. Blackwood has taken some terrific bets, including Besirius, Kinetk, Hybr, Tangible, Sidekick, Illuminem, Prospa, Goya, Flow Global, and others.

The fund enters the deals in early rounds, offers strategic support for growth during Series A and B, takes an exit at later stages, usually Series C and D, as per the website, primarily focusing on fintech, web3.0, and cleantech on startups pan Europe with continental or global potential.

Launched in 2023, with 100+connections with universities, accelerators, and incubators in Europe, having 1200+ Angel Investors as members of its investor club, and 500+ startups reviewed per month, the fund leverages AI to identify and invest in the most promising early-stage startups across Europe.