# Who Invests With European Commission: 24 Co-Investors (2026) > The 24 investors that have backed two or more of the same startups as European Commission, by kind: vc firms, government funds and accelerators. Source: https://millionrounds.com/portfolio-maps/european-commission-co-investors (Millionrounds; every figure on the page links to its filing or article) ## VC firms 14 - [*E* EISMEA](https://millionrounds.com/fund/eismea) - [Innovate UK](https://millionrounds.com/fund/innovate-uk) - [*EA* Export and Investment Fund](https://millionrounds.com/fund/export-and-investment-fund) - [Voima Ventures](https://millionrounds.com/fund/voima-ventures) - [*ER* European Regional Development Fund](https://millionrounds.com/fund/european-regional-development-fund) - [EQT Life Sciences](https://millionrounds.com/fund/eqt-life-sciences) - [KurmaPartners](https://millionrounds.com/fund/kurmapartners) - [Newfund Capital](https://millionrounds.com/fund/newfund) - [Go Capital](https://millionrounds.com/fund/go-capital) - [Techstars](https://millionrounds.com/fund/techstars) - [Santander](https://millionrounds.com/fund/santander) - [Sofinnova Partners](https://millionrounds.com/fund/sofinnova-partners) - [*CV* Chalmers Ventures AB](https://millionrounds.com/fund/chalmers-ventures-ab) - [Accel](https://millionrounds.com/fund/accel) ## Government funds 6 - [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) - [Bpifrance](https://millionrounds.com/fund/bpifrance) - [European Union](https://millionrounds.com/fund/european-union) - [EASME - EU Executive Agency for SMEs](https://millionrounds.com/fund/easme-eu-executi) - [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) - [IBB Ventures](https://millionrounds.com/fund/ibb-ventures) ## Accelerators 4 - [Business Finland](https://millionrounds.com/fund/business-finland) - [MassChallenge](https://millionrounds.com/fund/masschallenge) - [AGORANOV](https://millionrounds.com/fund/agoranov) - [Y Combinator](https://millionrounds.com/fund/y-combinator) ## Segment by segment ### VC firms 14 investors - [*E* **EISMEA**](https://millionrounds.com/fund/eismea) Investment firm - 8 backed - [**Innovate UK**](https://millionrounds.com/fund/innovate-uk) VC firm United Kingdom 6 backed - [*EA* **Export and Investment Fund**](https://millionrounds.com/fund/export-and-investment-fund) VC firm - 3 backed - [**Voima Ventures**](https://millionrounds.com/fund/voima-ventures) VC firm Finland 3 backed - [*ER* **European Regional Development Fund**](https://millionrounds.com/fund/european-regional-development-fund) VC firm United Kingdom 3 backed - [**EQT Life Sciences**](https://millionrounds.com/fund/eqt-life-sciences) VC firm Netherlands 2 backed - [**KurmaPartners**](https://millionrounds.com/fund/kurmapartners) VC firm France 2 backed - [**Newfund Capital**](https://millionrounds.com/fund/newfund) VC firm France 2 backed ### Government funds 6 investors - [**EIC Accelerator**](https://millionrounds.com/fund/eic-accelerator) Government fund European Union 21 backed - [**Bpifrance**](https://millionrounds.com/fund/bpifrance) Government fund France 13 backed - [**European Union**](https://millionrounds.com/fund/european-union) Government fund United Kingdom 5 backed - [**EASME - EU Executive Agency for SMEs**](https://millionrounds.com/fund/easme-eu-executi) Government fund Belgium 4 backed - [**European Investment Bank**](https://millionrounds.com/fund/european-investment-bank) Government fund Luxembourg 2 backed - [**IBB Ventures**](https://millionrounds.com/fund/ibb-ventures) Government fund Germany 2 backed ### Accelerators 4 investors - [**Business Finland**](https://millionrounds.com/fund/business-finland) Accelerator Finland 3 backed - [**MassChallenge**](https://millionrounds.com/fund/masschallenge) Accelerator United States 3 backed - [**AGORANOV**](https://millionrounds.com/fund/agoranov) Accelerator France 2 backed - [**Y Combinator**](https://millionrounds.com/fund/y-combinator) Accelerator United States 2 backed **How this map is made.** Every investor here has backed two or more of the same startups as European Commission, in rounds we track. Grouped by kind, each ranked by how many startups it shares with European Commission. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Portfolio map **European Commission portfolio map** 81 startups · $2.5B](https://millionrounds.com/portfolio-maps/european-commission-portfolio-map)[Sector portfolio **European Commission's Biotech portfolio** 18 startups · $370M](https://millionrounds.com/portfolio-maps/european-commission-biotech-portfolio)[Sector portfolio **European Commission's AI portfolio** 17 startups · $374M](https://millionrounds.com/portfolio-maps/european-commission-ai-portfolio)[Co-investors **Who invests with Thibaud Elziere** 17 co-investors](https://millionrounds.com/portfolio-maps/thibaud-elziere-co-investors)[Co-investors **Who invests with Y Combinator** 1,812 co-investors](https://millionrounds.com/portfolio-maps/y-combinator-co-investors)[Co-investors **Who invests with 500 Global** 996 co-investors](https://millionrounds.com/portfolio-maps/500-startups-co-investors) ## Raising from investors like European Commission? 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