VC firm Plural plans to create a new €1B investment fund

Venture capital firm Plural, founded by Estonian entrepreneurs Sten Tamkivi and Taavet Hinrikus, plans to create a new investment fund, which may amount to €1B. 

Fundraising is still at an early stage, and the final size of the fund has not yet been confirmed. However, the €1B target will allow Plural to become one of the largest European funds, such as France's Amunda (about €2.3 trillion) and BNP Paribas (about €1.5 trillion), Switzerland's UBS Asset Management (about €1.6 trillion) and Britain's Legal & General Investment Management (about €1.3 trillion).

Founded in 2022 by Estonian entrepreneurs Sten Tamkivi, Taavet Hinrikus, Ian Hogarth, and Khaled Helioui, Plural focuses on leading early-stage rounds between €1M and €10M. In 2023, a new partner, AI-driven biotech HelixNano founder, and VC investor Carina Namih joined Plural. The fund has its own rule that requires all of Plural's partners to make personal co-investments in the deals they lead.