Antwerp-based Pitchdrive closed its fourth fund at €60M, turning away about €25–40M in additional LP commitments to stay deliberately small, with all capital from entrepreneurs and family offices.
The fund plans to invest in 25 to 30 AI-native startups in Europe and beyond. Each investment will range from €250,000 to €3 million.
Pitchdrive’s first US deal, a $10M seed round in compliance AI startup ZeroDrift, alongside a16z speedrun, signals the Co-founder Capital model is gaining traction beyond Europe.
Pitchdrive could have raised €85 to €100 million, as investors were ready to commit, but the team decided to keep the fund smaller.
While most funds are growing, Pitchdrive’s decision to turn away additional capital reflects its core philosophy. The fourth fund closed at €60 million, with all investors being entrepreneurs and family offices.
