Unconventional Ventures announced the first close of its second fund, Unconventional Ventures Fund II, totaling €80 million. The new fund is designed to support founders building scalable, globally focused companies while expanding opportunities for underrepresented entrepreneurs across Europe.
The fund is backed by the European Investment Fund (EIF), EIFO, Chr. Augustinus Fabrikker, Nordea-fonden, TryghedsGruppen, and several family offices and individual investors. The close marks a significant step in the firm’s mission to broaden access to venture capital and diversify the European startup ecosystem.
Fund II builds on Unconventional Ventures’ strategy of investing at the intersection of overlooked talent and market opportunity. The firm has positioned itself around the belief that the next generation of standout companies will be built by founders who are often underrepresented or underserved by traditional venture funding channels.
Alongside the fund close, the firm announced the addition of Alexis Horowitz-Burdick as General Partner. Horowitz-Burdick brings experience as a founder and operator with a track record of scaling companies internationally. She joins current leadership, including founders Thea Messel and Nora Bavey.
Unconventional Ventures stated that the expanded partnership and Fund II will enable the firm to scale its investment platform further while continuing to push for greater inclusivity in the venture landscape. The firm plans to invest in early-stage companies with global ambitions, focusing on measurable impact and long-term growth.
The announcement reflects a growing emphasis across parts of the European investment community on addressing systemic gaps in venture funding and enabling a broader set of entrepreneurs to access capital.
