BlackWood Ventures Closes Fund at 21 Million to Support Europe's Emerging Founders
Briefly

BlackWood Ventures has launched its debut fund, raising over €21 million aimed at supporting Europe's emerging entrepreneurs, primarily in fintech, cleantech, and web 3.0 sectors. Since April 2023, the firm has invested in 19 startups across nine countries and plans to expand its portfolio to 30 companies. With a network of over 1,000 angel investors and a data-driven approach, BlackWood seeks to address the challenge of conviction capital in Europe by backing ambitious founders. Bastian R. Larsen founded the firm with a focus on speed, discipline, and alignment with the founders' visions.
"Europe is not short on talent; it's short on conviction capital. That's the gap we're here to fill." Bastian Larsen emphasized the need for more robust investment in emerging European founders.
"We built BlackWood to be truly European in scope and disciplined in approach, seeing hundreds of opportunities each month and backing founders whose ambition and focus stand out."
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