Entourage Closes €100Mn Second Fund to Back Europe’s Next Generation of Tech Startups

Entourage initially aimed to raise €75 million but reached that target within just two weeks. Due to strong investor interest, the firm increased the fund size and capped it at €100 million.

"When we launched Entourage two years ago, we had a simple ambition: to back the next generation of legendary founders. We wrote the first cheques into companies like Aikido, Conveo and Lexroom. What these founders have achieved in such a short time has only strengthened our conviction in our generalist, founder-first approach. With Fund II, we’re doubling down, "said Pieterjan (PJ) Bouten, Founder and General Partner of Entourage.

"The next decade will produce some of the most iconic technology companies in history, and it’s time for Europe to rise to the occasion. AI is reinventing software and taking intelligence into the physical world. Entire industries will be rebuilt. We want to back the founders bold enough to lead that transformation, "said Bouten.

Entourage was founded by Pieterjan Bouten, co-founder and former CEO of Showpad. The firm focuses on investing in early-stage technology companies across Europe.

Since launching in 2024, Entourage has invested in several European startups, including cybersecurity company Aikido Security, AI-powered research platform Conveo and legal technology startup Lexroom.

Entourage invested in these companies at an early stage, before they attracted larger international investors. Since then, Aikido Security has reached unicorn status, Conveo has raised a $50 million Series A round, and Lexroom has achieved €30 million in annual recurring revenue within 24 months.

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