In a year when many growth-stage investors are playing it safe, Endeit Capital is leaning in. Against a backdrop of cautious sentiment and shrinking deal volumes, we’ve made four new investments in the first half of 2025, three of them as lead investor, earning us a spot among Europe’s Top 4 most active growth-stage VC funds (Sifted).
Article by Melissa de Beyer.
During the first six months of 2025, Sifted data shows venture capital investment in Europe reached €30 billion across 2,613 deals — a 38% drop in deal value compared with the same period in 2024. Even so, that total represents a strong rebound, coming in 18% higher than in the latter half of last year. The growth was largely driven by a handful of large deals and booming segments like AI and Defence tech.
Early-stage investments remained relatively stable, rising 3% to €9.77 billion, up from €9.48 billion in H1 2024. Growth-stage investments, however, declined 19%, from €16.17 billion to €13.05 billion. The sharpest drop was in the late stage, down 69% year-on-year to €7.23 billion, as investors pulled back from high-valuation deals amid tighter exit markets and slower IPO activity.
While overall sentiment for growth-stage deals remained muted, we announced four (!) investments, three as lead investor. This places us alongside Columbia Lake Partners, HV Capital, and Notion Capital in Sifted’s list of most active European growth-stage VC funds in H1 2025.
The companies we invested in raised a combined €80 million across our core focus areas: Climate Tech, Future of Work, and Fintech. Among these was our very first Climate Tech investment — and it certainly won’t be our last.
In a market where caution often leads to inaction, our H1 2025 investments show that great companies are often forged in uncertain times. We’re actively working on more deals over the summer and look forward to the second half of the year, with the ambition to remain on the list of Europe’s most active VC funds.
