Entourage raises €100M for second fund, targeting AI, robotics and deeptech
Tech.eu Tamara Djurickovic
Entourage closed its second fund at €100M, after hitting its €75M target in two weeks. The firm is betting bigger on AI, robotics and deeptech, not just software.
Based on reporting by Tech.eu, Tamara Djurickovic — read the original for the full story.
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European early-stage VC Entourage has closed its second fund at €100 million, more than two years after launching the firm’s first fund in 2024. The money came in fast: Entourage passed its original €75 million target within two weeks, then capped the raise at €100 million.
The fund is a clear step up from the first one. Entourage was built by Pieterjan Bouten, the co-founder and former CEO of Showpad, and it has already backed some notable European companies early, including Aikido Security, Conveo and Lexroom. Aikido reached unicorn status this year. Conveo later raised a $50 million Series A. Lexroom got to €30 million in annual recurring revenue in 24 months.
That pattern matters because Entourage says it was in before larger international venture firms showed up. Bouten frames that as proof of a generalist, founder-first style that he wants to scale with Fund II. The new vehicle will aim for about 25 pre-seed and seed investments across Europe and other markets, with initial cheques from €1 million to €5 million and extra capital kept back for follow-ons.
The bigger shift is in what Entourage wants to fund. The first vehicle leaned mainly toward software. This one reaches into artificial intelligence, enterprise software, robotics, physical AI and deeptech. And the firm is not just writing checks: its Entourage Studio built Tekst, an AI-powered process mining and automation company that recently raised a €10 million Series A.
Entourage has also widened its footprint. The investment team now includes partners Pieterjan Bouten, Evert Beeckman and Maarten Mortier, plus three new investors: Erwan Gardelle, Sixtine Riescher and Illja Schiller. It has opened in London and set up a presence in Paris, while sticking to a governance style that usually avoids board seats even when it leads rounds.
My take — AI-written commentary, not fact-checked reporting
This is the kind of European venture bet that makes sense: back founders early, stay light on control, and stop pretending every company needs a boardroom full of adults. The only real test is whether “generalist” still works once everyone is chasing the same AI and robotics names. Europe has enough capital; it has had less luck with timing and conviction.
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