#pitchdrive Tech News.
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Antwerp-based Pitchdrive closed its fourth fund at €60 million, exceeding its €50 million target. The entirely privately backed fund will invest €250K, €3 million in AI-native pre-Seed and Seed startups across Europe. The firm deliberately capped the fund to keep its portfolio small and maintain hands-on support for founders.
Pitchdrive closes Fund IV at €60 million, rejecting €100M raise despite investor interest. The firm prioritizes deep founder involvement over scale, arguing larger funds would dilute hands-on engagement. Co-founder Wim Derkinderen states a bigger fund would pull focus from founders to market trends. The team evaluates founders' ability to handle rapid change, comparing it to Formula One driver control.
European pre-seed VC Pitchdrive closed its fourth fund at €60M, exceeding its €50M target. The fund is fully backed by private investors and will back 25 to 30 early-stage startups where AI is central to the business model. Pitchdrive caps fund size to maintain a concentrated portfolio and hands-on approach.
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