TLDR:
– Antwerp-based VC Pitchdrive raises third fund of €40 million to invest in early-stage startups in Europe
– Fund was oversubscribed within 2 months and capped at €40 million
Antwerp-based VC Pitchdrive has recently announced the raise of its third fund of €40 million to invest in early-stage startups in Europe. The fund was oversubscribed within 2 months and had to be capped at €40 million. Pitchdrive was founded in 2020 by a syndicate of well-known Belgian angels and has a successful track record with Fund I and II. The fund aims to provide pre-seed investments, personalized guidance, support, and access to a network for its portfolio companies. With investments in over 50 startups and a focus on European-first approach, Pitchdrive is set to support 30 European startups over the next two years with its new fund.
