Pitchdrive's €60M: Early Capital for Europe's AI-Native Founders
Pitchdrive raised €60M in June 2026 to back Europe's AI-native founders at the earliest stages, joining a wave of new European deeptech funds.
Limited partners shape the venture capital industry through allocation decisions, fund sizing, and manager selection. Our LP relations coverage explores fund economics, emerging manager dynamics, and the institutional trends driving VC fundraising.
Read LP relations and fund economics articles below.
Pitchdrive raised €60M in June 2026 to back Europe's AI-native founders at the earliest stages, joining a wave of new European deeptech funds.
Anara Impact Capital announced a $48M first close in June 2026, anchored by KfW and the European Commission, to back seed and Series A startups across MENA.
3IF Ventures reached a $12M first close in June 2026, co-anchored by FSD Africa and ZEP-RE, to scale technology-enabled insurance across Africa.
Merantix Capital closed a €103M fund in June 2026 to back early-stage European AI startups across logistics, manufacturing, energy, healthcare, robotics, and physical AI.
Ex-Meta CTO Mike Schroepfer's Gigascale Capital closed its first institutional fund at $250M in June 2026 to back energy, materials, and grid infrastructure.
The 2-and-20 fee structure defines how VCs and PE GPs get paid — ~2% management fee plus ~20% carry. Here's how fees, hurdles, and waterfalls actually work, with dollar examples.