Evantic Capital, a freshly launched British VC agency, has emerged on the scene with greater than €340 million in capital, aiming to energy a brand new wave of B2B AI startups throughout Europe, the USA, and Israel.
Based by former Sequoia companion Matt Miller, the fund has hit the bottom working with 5 preliminary investments and a community-led mannequin.
Backed by an unique community of 140 seasoned founders, operators, and buyers collectively often called “The Legends,” the agency’s construction is designed to create direct alignment between startup success and stakeholder involvement by allocating as much as 50% of funding carry to these Legends who actively help the portfolio firms.
“Our Legends are senior leaders – skilled Founders, operators, and executives – who carry a deeper degree of involvement to our portfolio firms,” says Matt Miller, Founder & managing companion of Evantic Capital.
“This creates a real partnership mannequin: our Legends usually are not solely motivated by goodwill or networking, however by an actual alignment of pursuits. It ensures that when a Founder engages with a Legend, they’re interacting with somebody who’s deeply invested in serving to them succeed, each emotionally and economically,” he explains.
Evantic Capital’s launch marks one of many largest new AI-focused funds thus far in 2025, setting it other than a number of different European initiatives reported this yr. C4 Ventures in Paris just lately unveiled a €100 million fund devoted to early-stage AI and DeepTech, whereas DFF Ventures in Amsterdam raised €50 million for its third automobile concentrating on vertical AI, recommerce and marketplaces.
In opposition to this backdrop, Evantic’s bigger pool of capital and pan-Atlantic mandate to help B2B AI ventures positions it to play a special position: not solely filling a funding hole above early Seed and Sequence A ranges but additionally bridging ecosystems throughout Europe, the US and Israel.
Evantic’s core crew brings heavyweight expertise to the desk. Alongside Miller, who spent 12 years at Sequoia and was a key determine in scaling a number of breakout firms, the management contains Spencer Hemphill (CFO), previously of Sequoia and Interlagos Capital; Franky Roberts (Head of Expertise & Neighborhood), who led govt hiring at Stripe and Checkout; Imke Koberg (Accomplice), who beforehand labored at Silver Lake; and Didac Lee (Senior Advisor), an energetic investor and seasoned Founder.
Supporting operations are Vivien Monory as Chief of Employees and Maria Dowlingas Government Enterprise Accomplice.
The identify Evantic is a nod to Miller’s personal transatlantic journey – “Europe through the Atlantic” – and indicators the agency’s core mission to behave as a cross-continental bridge connecting AI expertise and capital. The mannequin, in keeping with Miller, differs from typical scout or advisory networks by incentivising significant engagement by means of shared upside.
“We live in some of the thrilling instances in London, Europe and our broader world. Now’s the time for all of us to achieve and profit from this second in time with a lot unbelievable change and to be a Legend in our personal proper,” provides Miller.
Although the agency is remaining tight-lipped concerning the particular person identities of its 140 Legends, it shared that they span a variety of experience: 55 founders and CEOs, 20 senior executives with go-to-market specialism, 10 product and engineering leaders, 20 finance and governance consultants, 30 public firm administrators, and 30 international buyers. The group is geographically balanced, with half based mostly in Europe and Israel and the opposite half within the US.
Evantic has already invested in 5 AI-focused startups and has two extra commitments underway. Its present portfolio contains:
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Fireworks – an organization offering ultra-fast AI inference instruments.
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Hear Labs – an AI-powered analysis platform changing conventional surveys and interviews.
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Lovable – a platform permitting internet app creation by means of pure language prompts.
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n8n – an enterprise-grade AI workflow automation platform.
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Nexos – a governance-focused AI startup serving to enterprises safeguard delicate information whereas enabling AI adoption.
