European VC firm Emblem raises $85 million for its initial fund
Emblem, a relatively new European VC firm based in Paris, is announcing the final closing of its first fund. Eighteen months after the first closing, the Emblem team managed to secure €80 million in total (around $85 million at current exchange rates).
This is no small feat in the current funding environment. According to Atomico’s latest State of European Tech report, in 2024, venture funding fell for the third year in a row. One of the main reasons for this is that acquisitions and IPOs aren’t really happening right now.
As a result, VC as an investment category is less attractive than it used to be. Several VC firms are struggling to raise follow-on funds despite the current artificial intelligence boom, which could potentially represent a huge investment opportunity.
But that ...