Sprints closes €725M fifth fund

European venture capital firm Sprints said on Oct. 13, 2026, that it closed its fifth fund at €725 million and has already begun deploying the capital into new and existing portfolio companies. The firm said the new fund will support marketplace, financial and software startups, extending a portfolio that has included Revolut, Vinted, Flightradar24 and Checkout.com.

How big is Sprints' new fund?

Sprints' fifth fund is €725 million, or about $810 million, according to TokenPost. The firm said the capital is for both new investments and existing portfolio companies, and TokenPost reported that more than half of the fund had already been deployed.

TokenPost reported that the fundraising process took about one year, citing Sprints co-founder and managing partner Henrik Persson. The same report said the investor base included endowments, foundations, pension funds and family offices.

Startup.eu said Sprints' fifth fund is 40% larger than its predecessor and that the firm intends to focus on European technology companies at the growth stage. That framing matches Sprints' stated plan to back marketplace, financial and software startups, while continuing to support businesses already in its portfolio.

What kinds of startups is Sprints targeting?

Sprints said the fund will back marketplace, financial and software startups, while Startup.eu reported that the firm intends to focus on European technology companies at the growth stage. The firm has previously backed Revolut, Vinted, Flightradar24 and Checkout.com, according to Bloomberg.

TokenPost reported that Sprints invested early in Revolut and is the largest shareholder in Vinted, which it described as a secondhand marketplace. The same report identified Flightradar24 and Checkout.com among Sprints' other holdings. Those investments help explain why the firm says the new fund will support both fresh deals and existing portfolio companies.

Why is Sprints drawing attention from investors?

Sprints said the new fund is already being invested into both new and existing portfolio companies, and TokenPost reported that more than half of the capital had already been deployed. The reporting also said the fund's backers include endowments, foundations, pension funds and family offices.

Gate.com, citing Bloomberg, reported that Sprints participated in the exit when Salesforce acquired AI customer-service company Fin for $3.6 billion in 2026. TokenPost also said Sprints backed Fin.

What did Henrik Persson say about AI investing?

TokenPost reported that Sprints co-founder and managing partner Henrik Persson said the firm has not invested in foundational AI companies because most have not yet developed business models. That comment was made alongside the firm's announcement of the new fund and its broader focus on marketplace, financial and software startups.

Sprints' fifth fund gives the firm fresh capital to support companies across marketplace, fintech and software, and Startup.eu reported that the firm is focused on European growth-stage technology companies. The fundraising process took about a year, and the firm said it is already deploying the capital across its portfolio.

Sprints' existing portfolio also helps show how it may use the new fund. In addition to Revolut and Vinted, TokenPost said the firm holds positions in flight-tracking company Flightradar24 and payments firm Checkout.com, while its backing of Fin shows it has also invested in AI-adjacent software.