Evantic Capital, a freshly launched British VC firm, has emerged on the scene with more than €340 million in capital, aiming to power a new wave of B2B AI startups across Europe, the United States, and Israel.
Founded by former Sequoia partner Matt Miller, the fund has hit the ground running with five initial investments and a community-led model.
Backed by an exclusive network of 140 seasoned founders, operators, and investors collectively known as “The Legends,” the firm’s structure is designed to create direct alignment between startup success and stakeholder involvement by allocating up to 50% of investment carry to those Legends who actively support the portfolio companies.
“Our Legends are senior leaders – experienced Founders, operators, and executives – who bring a deeper level of involvement to our portfolio companies,” says Matt Miller, Founder & managing partner of Evantic Capital.
“This creates a true partnership model: our Legends are not only motivated by goodwill or networking, but by a real alignment of interests. It ensures that when a Founder engages with a Legend, they’re interacting with someone who is deeply invested in helping them succeed, both emotionally and economically,” he explains.
Evantic Capital’s launch marks one of the largest new AI-focused funds so far in 2025, setting it apart from several other European initiatives reported this year. C4 Ventures in Paris recently unveiled a €100 million fund dedicated to early-stage AI and DeepTech, while DFF Ventures in Amsterdam raised €50 million for its third vehicle targeting vertical AI, recommerce and marketplaces.
Against this backdrop, Evantic’s larger pool of capital and pan-Atlantic mandate to support B2B AI ventures positions it to play a different role: not only filling a funding gap above early Seed and Series A levels but also bridging ecosystems across Europe, the US and Israel.
Evantic’s core team brings heavyweight experience to the table. Alongside Miller, who spent 12 years at Sequoia and was a key figure in scaling several breakout companies, the leadership includes Spencer Hemphill (CFO), formerly of Sequoia and Interlagos Capital; Franky Roberts (Head of Talent & Community), who led executive hiring at Stripe and Checkout; Imke Koberg (Partner), who previously worked at Silver Lake; and Didac Lee (Senior Advisor), an active investor and seasoned Founder.
Supporting operations are Vivien Monory as Chief of Staff and Maria Dowlingas Executive Business Partner.
The name Evantic is a nod to Miller’s own transatlantic journey – “Europe via the Atlantic” – and signals the firm’s core mission to act as a cross-continental bridge connecting AI talent and capital. The model, according to Miller, differs from typical scout or advisory networks by incentivising meaningful engagement through shared upside.
“We are living in one of the most exciting times in London, Europe and our broader world. Now is the time for all of us to reach and make the most of this moment in time with so much incredible change and to be a Legend in our own right,” adds Miller.
Though the firm is remaining tight-lipped about the individual identities of its 140 Legends, it shared that they span a wide range of expertise: 55 founders and CEOs, 20 senior executives with go-to-market specialism, 10 product and engineering leaders, 20 finance and governance experts, 30 public company directors, and 30 global investors. The community is geographically balanced, with half based in Europe and Israel and the other half in the US.
Evantic has already invested in five AI-focused startups and has two more commitments underway. Its current portfolio includes:
Fireworks – a company providing ultra-fast AI inference tools.
Listen Labs – an AI-powered research platform replacing traditional surveys and interviews.
Lovable – a platform allowing web app creation through natural language prompts.
n8n – an enterprise-grade AI workflow automation platform.
Nexos – a governance-focused AI startup helping enterprises safeguard sensitive data while enabling AI adoption.
Read the orginal article: https://www.eu-startups.com/2025/09/londons-evantic-capital-debuts-with-e341-million-to-back-b2b-ai-trailblazers/
