What e2vc does

e2vc is an early-stage venture capital firm founded in 2016 and headquartered in Amsterdam, with operational offices in Istanbul, San Francisco, New York, and London. The firm manages three successive fund vehicles — Fund I (500EE First Fund), Fund II (500EE Fund II), and Fund III (e2vc Fund III) — with Principal Tunya Irkad disclosing €70 million under management in November 2025. e2vc invests across Central & Eastern Europe, Türkiye, and the Baltics, with a current thematic concentration in devtools, AI/ML, and infrastructure (representing ~70% of investments over the prior two years), alongside gaming, health tech, and enterprise software. The portfolio has produced multiple unicorns and one Nasdaq IPO: Loom Games ($1B+ exit to Scopely in 2026), Fal ($4.5B valuation, $140M raise), BillionToOne ($4.4B Nasdaq debut), Carbon Health, Insider One, Daytona ($24M Series A led by FirstMark), Cypher Games ($30M Series A), and Agave Games, among others.

The firm wraps its capital deployment with a modular value-add platform for portfolio companies: the e2tribe founder-to-founder network (accessed via 500founderhub.com), the Talent Pool and invite-only Masterclass program, Founder Shuffle matchmaking events across London/Berlin/Istanbul/SF/Budapest, the free e2chill community space, the annual e2day Summit (500+ attendees including 20+ global VCs), the NextGen program, the Perkhub perks portal (built on Builtfirst), and a 4-step Impact & ESG framework aligned with UN Sustainable Development Goals and SFDR disclosure. A distinctive structural feature is the "Tribe" — a community of portfolio founders (e.g., Eren Bali/Carbon Health, Akin Babayigit/Tripledot, Victor Trokoudes/Plum, Burkay Gur & Gorkem Yurtseven/Fal) who have reinvested into the fund, creating an unusual founder-LP ownership layer alongside institutional LPs.

e2vc earns revenue through conventional VC fund economics: management fees on committed/invested capital across the three fund vintages, plus carried interest on profitable exits. The firm's GTM is community-led, anchored by an extensive content engine (articles, podcasts, videos on e2.vc/content), the annual e2day flagship event, active organic social presence (@e2mindset on X/Instagram, e2-vc on LinkedIn), and curated PR coverage of portfolio raises and exits. Customer constituencies are bifurcated: institutional and founder-LPs commit capital for exposure to the Emerging Europe/Türkiye/Baltics venture opportunity, while portfolio founders receive capital plus talent introductions, perks, and curated community programming across the lifecycle of their companies. The firm operates a small (~11-person) partnership-based team spanning five cities, and is regulated via an EU-domiciled fund vehicle with PRIIPs-compliant disclosure.

Name

e2vc

Legal name

e2vc

Website

https://e2.vc

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

e2vc is an early-stage venture capital firm managing three fund vehicles (€70M AUM disclosed), backing founders across Central & Eastern Europe, Türkiye, and the Baltics in gaming, DevTools, AI/ML, and health tech via a community-led, founder-first thesis.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Capital Fund-of-Funds (FSANAGAC)

Keywords

• Venture capital
• Early-stage investing
• Startup funding
• Fund management
• Emerging markets investing

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Venture capital fund management (management fees & carry): e2vc earns revenue from managing venture capital funds (€70 million AUM noted) via conventional VC economics — annual management fees on committed/invested capital and carried interest on profitable exits. Funds include First Fund (500EE First Fund), Fund II (500EE Fund II), and Fund III (e2vc Fund III).
2. Realized exits (capital gains): Returns from portfolio exits such as the sale of majority stake in Loom Games to Scopely (valued at more than $1 billion, performance-based multi-year deal).

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

e2vc is an early-stage venture capital firm that manages three successive fund vehicles (Fund I, Fund II, Fund III) collectively investing a ~€70 million pool into founders across Central & Eastern Europe, Türkiye, and the Baltics, with concentration in devtools, AI/ML, infrastructure, gaming, and health tech. Wrapped around the capital deployment is a value-add platform consisting of a Talent Pool and Masterclass, a Founder Shuffle matchmaking series, a founders-backing-founders network (e2tribe), a Perkhub perks portal, an annual e2day Summit, an Impact & ESG reporting program, and a Content Hub of articles, podcasts and videos. Revenue is generated through conventional VC fund economics of management fees on committed/invested capital and carried interest on profitable exits.

Product overview

e2vc is a venture capital firm — not a single SaaS product — that operates as a platform-plus-modules architecture centered on three core fund vehicles (e2vc Fund I, e2vc Fund II, e2vc Fund III) that back early-stage founders across Emerging Europe, the Baltics and Türkiye. Wrapped around the funds is a set of community and value-add modules for portfolio companies: the Talent Program (talent pool, Founder Shuffle matchmaking, Masterclass), the e2tribe founder network, the free e2chill community space, the annual e2day Summit, the NextGen program, the Impact & ESG Program (with ESG Policy and Impact Report), the Content Hub of articles/podcasts/videos, and the Perkhub perks platform. The funds themselves deploy capital into a portfolio spanning Gaming (Loom Games, Circle Games, Cypher Games, Agave Games, Bold Games, Mission Control Games, Pine Games), DevTools & Infrastructure (Daytona, Ubicloud, Axoflow, Refine, Kubeark, Permify, Plant an App, Synnada, Pythagora, DiffuseDrive), AI/ML (Fal, Mandel, Luron, Patientdesk.ai, Caretta, Reflow, Monogram AI, Forithmus, Plyne AI, Insider One, Massive Bio, Layer, Fume, Intryc, Brainbase, Polymet, Handhold, TrueMeter, Gesund, Lifemote, Mall IQ, Vidoc, Kubeark, Synnada, Pythagora, Yoneda Labs, Ango, Kubeark), Health Tech (BillionToOne, Carbon Health, Vivoo, Aspect Health, Inofab, Heltia, Forithmus, Massive Bio, Gesund), Enterprise Software (Kondukto, Kolay IK, Integrated Finance, The Swarm, Handhold, Nicky, BuyBuddy, 3D Look, Evreka, Paraşüt, Peoplise, Rakam, StructionSite, Cloudpipes, FxCubic), and Other/Fintech/Consumer (Insider One, Plum, Firefly, Arf-Huma, AppSamurai, Finedine, Fazla, Kimola, Mori, Lonca, Blisko, Datapad, Gurubase, Axiology, Feraset, Datapad, Aspect Health, Patientdesk.ai, Mandel's supply-chain AI agents, TrueMeter's energy-savings AI).

Differentiator

Problem solved

Functional benefit

Products and services

• e2vc Fund I (500EE First Fund) First venture capital fund vehicle of e2vc; backs early-stage founders in health tech, gaming, enterprise software and AI/ML across Emerging Europe; produced unicorn outcomes including Carbon Health, BillionToOne and Insider One.
• e2vc Fund II (500EE Fund II) Second venture capital fund vehicle of e2vc; investments include Insider One, BillionToOne, Carbon Health, Daytona, Ubicloud, Fal, Synnada and other devtools/AI/ML and gaming bets.
• e2vc Fund III Third and most recent venture capital fund vehicle; current investments span Circle Games, Mandel, Luron, Bold Games, Patientdesk.ai, Caretta, Mission Control Games, Reflow, Axiology, Aurion, Monogram AI, Forithmus, Plyne AI and others across gaming, AI/ML, health tech and other verticals.
• e2vc Talent Program Founder/employee recruitment support offering comprising a Talent Pool, Founder Shuffle matchmaking events, and an invite-only Masterclass program that tracks talent from early stage through to portfolio hires; for portfolio companies and aspiring founders in Emerging Europe.
• e2tribe Founders-backing-founders network for portfolio companies and founder-LPs, providing founder-to-founder connections, exclusive perks/deals, customer introductions, talent support, and fundraising assistance; access via 500founderhub.com founder login.
• e2chill Free-of-charge Istanbul-based indoor and garden venue (20 indoor / up to 50 in garden) plus food and beverages for community gatherings of 10–50 participants; event booking via Typeform.
• e2day Summit Annual flagship event combining LP AGM, Founder & LP Brunch, and a public Summit with 500+ attendees (founders, LPs, VCs) from US, Türkiye and CEE; 2025 edition held April 10, 2025 at The Ritz-Carlton, Istanbul.
• NextGen

Quantifiable outcome

• 5,756 jobs created across portfolio in 9 years
• +6 more outcomes

Named customers3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered flagship advisory, co-development partner, flagship government partner and flagship policy partner.

• BASEAK (Turkish law firm)flagship advisoryImplementation/ SI/ Consulting Partner · 24 February 2026BASEAK advised e2vc on the sale of Loom Games to Scopely. Herguner Bilgen Ucer represented Scopely in the transaction; Kecos later announced it advised the co-founders of Loom Games on the deal.
• CorePracticeco-development partnerStrategic or Co-development Partner · 23 February 2026CorePractice is a strategic integration partner of Patientdesk AI (e2vc portfolio) for dental practice management systems. Patientdesk operates in 60+ dental clinics across the US, Australia, and the UK.
• Ministry of Finance of the Republic of Lithuaniaflagship government partnerStrategic or Co-development Partner · 6 February 2026Axiology (e2vc portfolio) is working with Lithuania's Ministry of Finance to issue digital Government Defence Bonds through its regulated DLT TSS system. The company is also preparing to participate in ECB's wholesale CBDC initiatives including Appia and Pontes projects.
• European Central Bank (ECB)flagship policy partnerStrategic or Co-development Partner · 4 February 2026Axiology (e2vc portfolio) is preparing to participate in the ECB's wholesale CBDC initiatives including the Appia and Pontes projects under the EU DLT Pilot Regime.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Seedcamp: London-based European seed fund with similar early-stage orientation and platform offering (jobs/talent network, perks, community). Comparable to e2vc on stage, founder-first thesis and value-add service model.
• Speedinvest: Vienna-based early-stage VC with a pan-European focus including CEE/Türkiye exposure and a sector-specialist structure (deep tech, fintech, health, etc.). Directly comparable to e2vc by stage, geography overlap and platform-plus-modules service model.
• Earlybird Venture Capital: Berlin-based early-stage VC with European focus including digital, tech and health. Comparable to e2vc as a European early-stage specialist; broader geographic reach but similar platform and stage orientation.
• Flashpoint Venture Capital: CEE-focused early/growth-stage VC headquartered in Budapest with offices across the region. Directly comparable to e2vc on geography (CEE) and stage (early-stage), with a similar emerging-markets tech thesis.
• Hoxton Ventures: London-based seed/early-stage fund backing European tech startups. Comparable to e2vc in early-stage orientation and pan-European footprint, with overlapping downstream co-investor networks.
• Play Ventures: Helsinki-based VC focused on gaming, with growing exposure to Türkiye studios. Directly comparable to e2vc on gaming vertical focus, particularly in co-investing in Cypher Games and FERASET.
• Credo Ventures: Prague-based seed/early-stage VC investing across Central and Eastern Europe. Closest geographic peer to e2vc, with comparable fund size and similar focus on founder-led teams in the CEE tech ecosystem.

Regional players

• Launchub Ventures: Sofia-based seed VC focused on Southeastern Europe (Bulgaria, Romania, Greece). Comparable to e2vc by stage and CEE focus, but primarily serves a different sub-region.

Broad incumbents

• Index Ventures: Global multi-stage VC with deep European roots. Comparable as a broad incumbent that increasingly writes seed checks in the regions e2vc covers, putting the two in direct competition at the earliest stages.
• 500 Global (500 Startups): Global early-stage accelerator/VC. e2vc's earlier branding as '500EE' (500 Emerging Europe) signals a historical operational link; comparable as a broad incumbent with global reach and accelerator-style programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/e2mindset
• LinkedInlinkedin.com/company/e2-vc
• Instagraminstagram.com/e2mindset

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments52 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about e2vc