Eureka
Government fundBrussels
Also known as Eureka Equity Partners, L.P.
Investment thesis
Eureka operates as the world's largest intergovernmental network for international R&D and innovation, uniting ministries and funding agencies across 47 countries. It channels public-private funding toward bottom-up, business-led innovation projects with a global geographic scope, with each member agency supporting organizations based in its own country. The network aims to stimulate innovation excellence, economic growth, job creation, and competitiveness while tackling shared global challenges in areas such as healthcare, sustainability, energy, and the green and digital transition. Beyond funding, Eureka provides tailored guidance including refining ideas, connecting international partners, advising on market expansion, and facilitating investment matchmaking.
Source: firm website, verified Aug 3, 2026.
Fund performance Β· per public LP disclosures Β· 4
as of Nov 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Eureka III | 2019 | β | 35.3% | 2.17x | 2.15x |
| Eureka IV | 2019 | β | 2.3% | 1.06x | 0.13x |
| Eureka Growth Capital III | 2013 | β | 44.0% | 2.80x | 2.76x |
| Eureka II | 2006 | β | -2.5% | 0.92x | 0.92x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What sectors does Eureka focus on?
- Eureka focuses on Climate Tech, Crypto & Web3, Energy, Healthtech, Impact & Social Good.
- Where is Eureka located?
- Eureka is headquartered in Brussels, BE.
Media Β· Podcasts & interviews
from their channelApplying to Eurostars β What to consider when writing a proposal
Eureka
Eurostars Call 11- Webinar for applicants
Eureka
Eureka 40th anniversary- Entrepreneurial success story: C3PO
Eureka
Innowwide Call 4- Webinar for applicants
Eureka
Eurostars Call 7- Webinar for applicants
Eureka
Innowwide Call 2- Webinar for applicants
Eureka
Images
Similar investors
Everywhere Ventures is a global pre-seed venture capital firm founded in 2018 and headquartered in New York, investing $250,000 into early-stage technology companies. It runs a community-led model backed by 500+ founder and operator LPs.
Social Impact Capital (SIC) is a research-driven venture capital firm that invests as early as possible into what it calls the 'best ideas in impact,' backing founders tackling the world's hardest global challenges.
Simsan Ventures is a venture capital firm focused on democratising access to entrepreneurship and innovation, backing overlooked and underrepresented founders. It leverages a global network across academia, industry, corporations and government to source cross-border deals in capital-gap segments.
Touchstone Partners is an early-stage technology investor focused on startups in Vietnam, backing founders working on fundamental problems and impact- and climate-oriented solutions.
Rabo Investments is the investment arm of Rabobank, comprising Private Equity, Fund & Co-Investments, Ventures and Corporate Venturing teams. Its Corporate Venturing unit invests directly in early-stage fintech companies to explore new business models and technologies for the bank.