---
title: "Sprints Closes €725M Fund V With More Than Half Already Deployed"
description: "European growth investor Sprints closed its fifth fund at €725 million after about a year of fundraising and has already deployed more than half."
date: 2026-10-14T00:00:00.000Z
source: https://venturecapitaltracker.com/sprints-725m-fund-v-final-close
---

# Sprints Closes €725M Fund V With More Than Half Already Deployed

> European growth investor Sprints closed its fifth fund at €725 million after about a year of fundraising and has already deployed more than half.

European growth investor Sprints has closed its **fifth fund at €725 million**, or roughly $810 million. The fundraising took about one year, and the firm says more than half of the capital has already been deployed across new investments and existing portfolio companies.

The limited partners were described as endowments, foundations, pension funds and family offices. Individual institutions were not named in the available reporting.

## Fund V at a glance

| Item | Detail |
|---|---|
| Final close | €725 million |
| Strategy | European growth technology |
| Focus | Marketplaces, financial services and software |
| Deployment | More than 50% already invested |
| Fundraising period | Approximately one year |

The unusually high deployed share changes how readers should interpret the close. This is not €725 million of untouched dry powder. At least €362.5 million has already been committed if “more than half” is read literally, leaving less than half available for future initial checks, follow-ons and reserves.

## A concentrated growth model

Sprints built its reputation through early positions in Revolut and Vinted and also backs Flightradar24 and Checkout.com. The firm tends to invest behind companies that already show strong customer demand and then support them through scale.

That model sits between classic early-stage venture capital and buyout investing. It can produce meaningful ownership in proven European technology businesses, but it also requires the firm to pay later-stage prices and manage concentration. Large follow-on commitments can improve ownership in winners while reducing diversification.

The fifth fund arrives as European growth companies have more financing options than during the post-2022 reset, but still face a thinner late-stage market than comparable US businesses. A €725 million pool gives Sprints capacity to lead substantial rounds without relying entirely on US crossover capital.

## What to watch

The key measure is not the speed of the close but the quality of capital already deployed. More than half invested before the fundraising announcement suggests Sprints had conviction and access during the fundraising period. It also shortens the time available to respond if entry valuations soften.

LPs will ultimately judge Fund V on ownership, reserves and exits. Sprints benefited from its early stakes in high-profile European companies, but a larger pool must produce enough large outcomes to move the fund. The central execution question is whether it can repeat those concentrated wins while avoiding an overly mature portfolio purchased at peak growth valuations.

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.