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Euro VC

Underlying portfolio and outcomes

Diversification you can see.

The companies on this page sit within the portfolios of VC funds selected by Euro VC. They demonstrate look-through exposure and outcomes, not direct Euro VC investments.

Two colleagues reviewing a printed document together at a wooden table.

Selected underlying companies.

A selection of look-through exposure across payments, software, financial crime intelligence, marketplaces, gaming and energy.

Important: Euro VC invests in VC funds, not directly in the companies shown below. Any entry round or date refers to the relevant underlying manager’s investment.

01 GoCardless

UK · Payments infrastructure

Underlying manager entry: Series A, 2014

02 Contentful

Germany · Headless CMS / SaaS

Underlying manager entry: Seed, 2013

03 ComplyAdvantage

UK · Financial crime intelligence

Underlying manager entry: Series A, 2017

04 Vestiaire Collective

France · Luxury resale marketplace

Underlying manager entry: Series B, 2015

05 Vivino

Denmark · Wine marketplace

Underlying manager entry: Series A, 2014

06 Proxima Fusion

Germany · Fusion energy / deep tech

Underlying manager entry: Seed, 2022

07 Dream Games

Turkey · Mobile gaming

Underlying manager entry: Series A, 2020

Dream Games team working inside the company's Istanbul studio.
Dream Games, Turkey. Underlying portfolio company through a selected VC fund. Series A, 2020 refers to the underlying manager’s entry.

Look-through outcomes

Selected underlying exits and liquidity events.

The transaction facts below describe outcomes within underlying VC fund portfolios. Their inclusion does not mean Euro VC invested directly in each company.

Depop

UK · Acquisition

Etsy (NASDAQ: ETSY)

$1.625B · 2021

Peakon

Denmark · Acquisition

Workday (NASDAQ: WDAY)

$700M · 2021

Darktrace

UK · IPO

London Stock Exchange (LSE: DARK)

£1.65B at listing · 2021

Talend

France · Take-private

Thoma Bravo (post-NASDAQ: TLND)

$2.4B · 2021

Nutmeg

UK · Acquisition

JPMorgan Chase

$700M (estimated) · 2021

Flywire

Spain / US · IPO

NASDAQ: FLYW

$3.1B at listing · 2021

Truecaller

Sweden · IPO

Nasdaq Stockholm (TRUEB)

$3.7B market capitalisation · 2021

NaturalMotion

UK · Acquisition

Zynga

$527M · 2014

Recorded Future

Sweden / US · Acquisition

Mastercard

$2.65B · 2024

Digital Surgery

UK · Acquisition

Medtronic

Undisclosed · 2020

Frontier Car Group

Germany · Acquisition

OLX Group (Naspers)

$400M (estimated) · 2019

Exit values reflect announced transaction values, listing valuations or reported market capitalisation as indicated. Estimated figures are identified as estimates. These outcomes sit within underlying VC fund portfolios and do not imply direct investment by Euro VC.

Darktrace team at the company's London Stock Exchange IPO in 2021.
Darktrace, United Kingdom. An underlying portfolio company through a selected VC fund. London Stock Exchange IPO, 2021. £1.65B at listing.

A portfolio of funds becomes a portfolio of companies.

Euro VC’s primary decisions are which VC managers to select, how much to allocate and how those funds work together across geography, vintage and underlying exposure.

Eligible investors can request the look-through schedule, including underlying fund exposure, company concentration, realised proceeds, valuation policy and attribution methodology.

Request the look-through portfolio schedule

Investor options.

Institutional and individual investors can review access to The European Network and The Global Constellation on the Investors page.

View investor optionsinvest@euro-vc.com