Scaling Europe's Venture Capital Market: What Came Out of the EU's Latest Implementation Dialogue

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How can Europe unlock more venture capital to fuel innovation and growth? That was the central question at the Implementation Dialogue on EU Venture and Growth Capital Funds, hosted on 24 March by EU Commissioner for Financial Services Maria Luís Albuquerque - bringing together venture capital funds, investors, startups, civil society and think tanks for a direct, substantive exchange.
The diagnosis was sharp. Europe cannot build a venture capital market state-by-state. It needs European-scale pools of capital, fund managers operating seamlessly across borders, and clearer pathways for companies to grow without being pushed to relocate. The discussion also zeroed in on smarter capital mobilisation - getting pension funds and long-term investors into the market prudently and at scale, with public money playing a catalytic role rather than a substituting one. On the regulatory side, potential adjustments to the EuVECA Regulation and AIFMD were on the table.
The conversation included Kinga Stanisławska, Lukas Dziekonski (Montis Capital), Elina Berrebi (Revaia), Andreas Schwarzenbrunner (Speedinvest), Adrien Pinelli (Eurazeo), Ansis Spridzans (ASP Asset Management), Mirna Marovic (CVCA), Anna Lambiase (CDP Venture Capital), Jörg Goschin (KfW Capital), David Hanf (ESN), Serena Borbotti-Frison (Allied for Startups), Adina Simionescu (RoStartup), Gintare Verbickaité (Unicorns Lithuania), Karel Lannoo (CEPS), Carin Hallerström (Nordic Financial Unions), Isabelle Buscke (Finance Watch), Aleksandra Mączyńska (Better Finance) and Martin Kõdar (BaltCap).
The input gathered will feed into the EU's Savings and Investments Union agenda and the broader Competitiveness Compass - shaping policy that will determine the landscape for European venture capital for years to come.

