According to a new analysis from Sifted, Europe's pre-seed investment scene is still home to a dedicated set of investors, even as many VC firms expand into multi-stage strategies. The article, written by Anne Sraders, was prompted by a question from a US-based VC who wondered which European funds remain steadfastly focused on the earliest stage.

Sifted's list includes a mix of established and emerging investors, some of whom have raised dedicated pre-seed funds. The analysis notes that while round sizes have grown and some firms have moved upmarket, a core group of investors continues to write small, early checks. The article also highlights that pre-seed remains a viable and active stage in Europe, with several funds specifically built for it.

Because the analysis is based on a single Sifted report, there are no conflicting sources to compare. The findings reflect Sifted's own research and reporting on the European pre-seed landscape.