VC Plural secures $432M fund to support European startups

European VC Plural raises €400 million fund to back “transformational” startups in the region

European venture capital firm Plural has announced a new €400 million fund to support early-stage startups in the region. The fund, which exceeded its original target thanks to the participation of several institutions and family funds, will focus on backing “transformational” startups. Plural, which was founded by entrepreneurs including Taaavet Hinrikus from Transferwise/Wise, Sten Tamkivi, and Ian Hogarth, has already made 26 investments out of its first fund. The firm’s investments have largely focused on artificial intelligence, frontier tech, and climate and energy-focused startups.