# European Commission: portfolio, investments and team > European Commission is a vc firm based in Belgium. 160 investments on record, 42 in the last 12 months, latest Sept 2026. Source: https://millionrounds.com/fund/european-commission (Millionrounds; every figure on the page links to its filing or article) Belgium · [Investor](https://millionrounds.com/investors) # European Commission Last cheque observed Sep 2026; 160 cheques on record. Email Deploying now VC firm Grant Venture Seed Logistics Publishing Follow European Commission and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Feuropean-commission) Deploying now **86%** of best year **42** **cheques in 12 months**, 160 on record Since the last cheque **60** days **00** hrs **00** min **00** sec Median round **$2.8M** Rounds led **1 of 160** Sole investor **47 rounds** Mostly in **Spain, 23%** Pitch European Commission ## European Commission highlights - 01 42 cheques in the last 12 months - 02 Mostly Grant and Venture: 78% of its rounds - 03 Sole investor in 47 rounds, median $967K ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Logistics Publishing - **Based in:** Belgium - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **160 appearances** - **2026** 32 rounds - **Sept** **[HVR Energy](https://millionrounds.com/company/hvr-energy)** Series A · ES **$23M** Sole investor - **Sept** **[Stargate Hydrogen](https://millionrounds.com/company/stargate-hydrogen)** Grant · EE **$24M** Sole investor - **Sept** **[Olenbee](https://millionrounds.com/company/olenbee)** Seed · FR **$7.5M** With 2 others - **Jul** **[ObriyAI](https://millionrounds.com/company/obriyai)** Grant · UA **$500K** With 1 other - **Jul** **[Onalabs Inno-hub](https://millionrounds.com/company/onalabs-inno-hub)** Venture · ES **$11M** With 1 other - **Jun** **[HydrogenPro](https://millionrounds.com/company/hydrogenpro)** NO **$1.5M** With 1 other - **Jun** **[Betolar](https://millionrounds.com/company/betolar)** Grant · FI **$2.4M** With 2 others - **Jun** **[Nanordica Medical](https://millionrounds.com/company/nanordica-medical)** Venture · EE · Firms' own news pages **$1.8M** With 7 others - **May** **[USIL Therapeutics](https://millionrounds.com/company/usil-therapeutics)** Grant · LU **$6.1M** Sole investor - **Apr** **[T1 Energy](https://millionrounds.com/company/t1-energy)** Debt · US **$160M** With 3 others - **Apr** **[Dronamics](https://millionrounds.com/company/dronamics)** Venture · IE **Undisclosed** With 4 others - **Apr** **[TechNovator](https://millionrounds.com/company/technovator)** Venture · PL **Undisclosed** With 4 others - **Apr** **[Sirocco Energy](https://millionrounds.com/company/sirocco-energy)** Venture · US **Undisclosed** Sole investor - **Apr** **[Farsight Vision](https://millionrounds.com/company/farsight-vision)** Venture · EE **Undisclosed** Sole investor - **Apr** **[Geopyörä Oy](https://millionrounds.com/company/geopyora-oy)** Venture · FI **Undisclosed** With 1 other - **Apr** **[ObriyAI](https://millionrounds.com/company/obriyai)** Pre-seed · UA **$500K** With 1 other - **Apr** **[AFYREN](https://millionrounds.com/company/afyren)** Grant · FR **$3.5M** With 2 others - **Apr** **[Osavul](https://millionrounds.com/company/osavul)** Venture · US **Undisclosed** With 1 other - **Apr** **[Mantis Analytics](https://millionrounds.com/company/mantis-analytics)** Venture · US **Undisclosed** With 1 other - **Apr** **[Naturbeads](https://millionrounds.com/company/naturbeads)** Grant · GB **$4.8M** With 3 others - **Apr** **[Aura Aero](https://millionrounds.com/company/aura-aero)** Debt · FR **$198M** With 3 others - **Mar** **[ENZIDIA](https://millionrounds.com/company/enzidia)** Pre-seed · DK **$241K** With 1 other - **Mar** **[Egle Therapeutics](https://millionrounds.com/company/egle-therapeutics)** Grant · FR **$9.4M** With 2 others - **Mar** **[Level Nine](https://millionrounds.com/company/level-nine)** Seed · DE · Firms' own news pages **$4.6M** With 6 others - **Mar** **[Hamlet BioPharma](https://millionrounds.com/company/hamlet-biopharma)** SE **$967K** Sole investor - **Mar** **[Peptomyc](https://millionrounds.com/company/peptomyc)** Venture · ES **$5.8M** With 3 others - **Feb** **[findspo](https://millionrounds.com/company/findspo)** Venture · ES **Undisclosed** With 1 other - **Feb** **[Onalabs Inno-hub](https://millionrounds.com/company/onalabs-inno-hub)** Venture · ES **Undisclosed** With 2 others - **Feb** **[Alight](https://millionrounds.com/company/alight)** Debt · SE **$47M** With 2 others - **Feb** **[leanspots](https://millionrounds.com/company/leanspots)** Grant · ES **$78K** With 1 other - **Jan** **[AEInnova](https://millionrounds.com/company/aeinnova)** Venture · ES **$652K** With 3 others - **Jan** **[ORamaVR](https://millionrounds.com/company/oramavr)** Seed · CH · Firms' own news pages **$4.5M** With 2 others - **2025** 40 rounds - **Dec** **[aunoa](https://millionrounds.com/company/aunoa)** Venture · ES **Undisclosed** With 2 others - **Dec** **[CleoCare](https://millionrounds.com/company/cleocare)** Venture · PT **Undisclosed** With 1 other - **Nov** **[Aldoria](https://millionrounds.com/company/aldoria)** Grant · FR · Silicon Canals **$12M** *Led* - **Nov** **[Healthplus.ai](https://millionrounds.com/company/healthplus-ai)** Seed · NL · Silicon Canals **$2.7M** With 8 others - **Nov** **[Alkion BioInnovations](https://millionrounds.com/company/alkion-bioinnovations)** Seed · FR · Critical Path Ventures **$5.1M** With 5 others - **Nov** **[Modvion](https://millionrounds.com/company/modvion)** Grant · SE · Silicon Canals **$46M** With 4 others - **Nov** **[Aura Aero](https://millionrounds.com/company/aura-aero)** Venture · FR **$2.3M** With 2 others - **Nov** **[Qilimanjaro Quantum Tech](https://millionrounds.com/company/qilimanjaro-quantum-tech)** Venture · ES **$1.2M** With 2 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. Funds they back ## 2 fund commitments on record - **Managers:** 2 Every fund on record that it has committed money to, and the managers who invest it. Source: fund news. Managers it backs most - [Biovance Capital 1 fund](https://millionrounds.com/fund/biovance-capital) - [Climate Fund Managers (CFM) 1 fund](https://millionrounds.com/fund/climate-fund-managers-cfm) Most recent commitments - [Biovance Capital Biovance Capital Fund I](https://millionrounds.com/fund/biovance-capital) - [Climate Fund Managers SA-H2 Fund](https://millionrounds.com/fund/climate-fund-managers-cfm) ## The cheque Grant Venture Seed Median round joined **$2.8M** the round, not its cheque Alone, median **$967K** Led 1 of 160 rounds **1%** - **Sole investor:** 47 rounds - **Last cheque:** Sept 2026 Rounds by stage said on their site - Grant *62* - Venture *45* - Seed *14* - Series A *10* - Pre-seed *7* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) 26 - [Bpifrance](https://millionrounds.com/fund/bpifrance) 19 - [EISMEA](https://millionrounds.com/fund/eismea) 10 - [Innovate UK](https://millionrounds.com/fund/innovate-uk) 7 - [Business Finland](https://millionrounds.com/fund/business-finland) 6 - [European Union](https://millionrounds.com/fund/european-union) 6 **Pitching European Commission?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as European Commission. A count of rooms they were both in, not a relationship either has claimed. [**EIC Accelerator** Government **26** rounds together](https://millionrounds.com/fund/eic-accelerator)[**Bpifrance** Government **19** rounds together](https://millionrounds.com/fund/bpifrance)[**EISMEA** Investment firm **10** rounds together](https://millionrounds.com/fund/eismea)[**Innovate UK** VC firm **7** rounds together](https://millionrounds.com/fund/innovate-uk)[**Business Finland** Accelerator **6** rounds together](https://millionrounds.com/fund/business-finland)[**European Union** Government **6** rounds together](https://millionrounds.com/fund/european-union)[**MassChallenge** Accelerator **5** rounds together](https://millionrounds.com/fund/masschallenge)[**European Investment Bank** Government **4** rounds together](https://millionrounds.com/fund/european-investment-bank)[**Export and Investment Fund** VC firm **4** rounds together](https://millionrounds.com/fund/export-and-investment-fund)[**Chalmers Ventures AB** VC firm **3** rounds together](https://millionrounds.com/fund/chalmers-ventures-ab)[**ESA** Corporate VC **3** rounds together](https://millionrounds.com/fund/european-space-agency)[**Voima Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/voima-ventures) ## Recently backed The latest companies European Commission put money into. [**HVR Energy** $23M · Sept 2026](https://millionrounds.com/company/hvr-energy)[**Stargate Hydrogen** $24M · Sept 2026](https://millionrounds.com/company/stargate-hydrogen)[**Olenbee** $7.5M · Sept 2026](https://millionrounds.com/company/olenbee)[**ObriyAI** $500K · Jul 2026](https://millionrounds.com/company/obriyai)[**Onalabs Inno-hub** $11M · Jul 2026](https://millionrounds.com/company/onalabs-inno-hub)[**HydrogenPro** $1.5M · Jun 2026](https://millionrounds.com/company/hydrogenpro) ## On podcasts 1 episode naming European Commission in the title, and 4 more that mention it. - [Tech.eu](https://millionrounds.com/podcasts/tech-eu) 24 Oct 2018 · 59 min Google and the European Commission; Saudi money in European tech; interviews with TravelPerk's Gidi Pridor and Readdle's Igor Zhadanov; and much more With [Igor Zhadanov](https://millionrounds.com/person/igor-zhadanov) Mentions [European Commission](https://millionrounds.com/fund/european-commission)[Google](https://millionrounds.com/fund/google-assistant-investments)[SoftBank](https://millionrounds.com/fund/softbank-2) *+1* Apple PodcastsShow page ### Mentioned in - [Startuprad.io](https://millionrounds.com/podcasts/startuprad) 8 Oct 2026 · 24 min E 781, Europe's Scale-Up Gap: Why Strong Hubs Don't Add Up Apple PodcastsShow page - [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 29 Sept 2026 · 53 min EQT's Christian Sinding - "Why not" Europe and building the €1 trillion company Apple PodcastsShow page - [Scaling Europe](https://millionrounds.com/podcasts/scaling-europe) 12 Nov 2025 · 21 min Milos Rusic: CEO & Co-founder at deepset Apple PodcastsShow page - [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 23 Sept 2025 · 1h 15m Jason's H-1B pitch, the latest on the TikTok deal, and Howie's first ad | E2182 Apple PodcastsShow page ## Quick answers about European Commission ### What does European Commission invest in? European Commission invests most often at Grant and Venture (78% of the rounds on record), in sectors such as Logistics and Publishing. ### How active is European Commission? 160 investments on record, 42 of them in the last 12 months, and it led 1. The most recent was in Sept 2026. ### What has European Commission invested in recently? Its most recent investments on record: HVR Energy (Series A, Sept 2026), Stargate Hydrogen (Grant, Sept 2026) and Olenbee (Seed, Sept 2026). ### How big are European Commission's cheques? The median round it joins is $2.8M. ### Does European Commission lead rounds? Sometimes: it led 1 of its 160 investments on record (1%). ### Where does European Commission invest? Most of the companies it backs are in Spain (23%), France (18%) and the United States (10%). ### Is European Commission investing now? Yes: it is actively investing, with 42 investments in the last 12 months. ### Who does European Commission invest alongside? Most often EIC Accelerator (26 rounds together), Bpifrance (19 rounds together) and EISMEA (10 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=european-commission) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=european-commission)