Heartcore Capital successfully closes Fund V raising EUR 170 million

Mazanti Transactions has advised Heartcore Capital, one of Europe’s leading early-stage venture capital firms, in connection with the close of its largest fund to date, Fund V.

Heartcore’s Fund V will continue to be an early-stage fund, aiming to invest in 20-35 startups across sectors such as productivity/AI, software infrastructure, travel, climate technology, and synthetic biology. The fund has already supported teams working on LLM compute infrastructure, database software, carbon capture solutions, and consumer travel.

Founded in 2007, Heartcore Capital now has EUR 800 million cumulative committed capital with offices in Copenhagen, Stockholm, Berlin, and Paris. The firm has been among the first institutional backers of European unicorns like Tink, GetYourGuide, Neo4j, TravelPerk, Boozt, Podimo, and Peakon, and was recently ranked the 9th best VC globally in the HEC Paris-Dow Jones VC ranking.

Mazanti Transactions advised long-term client Heartcore Capital in connection with the entire process from initial discussions on fund structure, fund scope, and setup, to a successful close.