Unconventional Ventures announces the first close of their Fund II, a €80M fund

Unconventional Ventures announced the first close of Fund II, an €80 million fund dedicated to backing scalable, sustainable companies founded by diverse and underrepresented teams. This milestone marks growing confidence in the future of a more inclusive, forward-thinking European venture landscape.

Fund II is backed by the European Investment Fund (EIF), EIFO, Chr. Augustinus Fabrikker, Nordea-fonden, TryghedsGruppen, and a community of leading family offices and investors who share UV’s conviction that the next wave of innovation will come from broader perspectives and untapped potential.

As part of this new chapter, Unconventional Ventures also welcomes Alexis Horowitz-Burdick as General Partner. Alexis brings deep startup expertise, a sharp investment lens, and a shared commitment to accelerating underrepresented founders building category-defining companies.

Unconventional Ventures invests in pre-seed and seed impact-driven startups (Climate and Environment, Health and Femtech, Education, Financial inclusion), built by underrepresented founders (women, people of color and/or LGBTQ+) and based in The Nordics and Europe. Their portfolio includes Climate Tech startup Climate X, Biotech startup Cellugy, Femtech startup LEIA, Edtech startup SciFree and more.