Evantic Capital
About Evantic Capital
Evantic Capital is a venture capital firm that focuses its investments on AI-first B2B companies. The firm specializes in emerging European tech and is actively looking for innovative startups to support through funding. Per Crunchbase, Evantic Capital has made 27 investments, 3 as lead investor across 16 portfolio companies, with 1 exits.
Matt Miller founded Evantic Capital in 2025 after about 12 years as a Sequoia Capital partner. Bloomberg reports he left Sequoia in December 2024. The firm is based in London, and its Fund I launched publicly in September 2025. Third-party profiles list Imke Koberg as a partner, Spencer Hemphill as CFO and Franky Roberts as head of talent and community. Miller is the founder and managing partner. The firm says its capital comes with a network of 140 advisers it calls "The Legends". They are founders, executives, finance and governance experts, public company directors and investors, split between Europe/Israel and the US. Up to half of the firm's carried interest is set aside for Legends who actively help portfolio companies.
Evantic invests only in AI-first B2B companies, meaning software, infrastructure and platform businesses where AI is the core of the product. It looks across Europe, the United States and Israel. Press reports at launch put Fund I at more than $400 million, or about €341 million. The firm had made five initial investments at launch, including Lovable and n8n. Its portfolio covers AI inference infrastructure, workflow automation, AI legal software, AI research tools and AI marketing. Founders who pitch should expect the Legends network to be part of how the firm helps, because the firm's model is built around operator involvement.
The firm has not published check sizes on a primary source that we could find. Third-party databases (F4, VC Sheet) list a $1M to $60M range, from seed through Series C, with early-stage checks up to about $1M and growth checks up to $60M. Another aggregator lists a first ticket of €500,000 to €5,000,000 at Seed and Series A. These figures are estimates by third parties and differ from one another, so confirm them with the firm directly. F4 reports that Evantic co-led Fireworks AI's Series C, so it does lead rounds.
- Fireworks AI: AI inference infrastructure for enterprises. Evantic co-led its $250M Series C in October 2025, per F4.
- Lovable: builds web apps from natural language prompts. Early 2025 investment.
- n8n: AI workflow automation platform. Early 2025 investment.
- Listen Labs: AI research platform that replaces traditional surveys. $69M Series B, January 2026, per F4.
- Profound: AI marketing and brand visibility platform. $96M Series C, February 2026, per F4.
- Harvey: AI legal platform. Growth round in March 2026, per F4.
- Nexos: data governance for AI adoption, listed by an aggregator.
- bloomberg.com/news/articles/2025-09-29/former-sequoia-partner-seeks-to
- eu-startups.com/2025/09/londons-evantic-capital-debuts-with-e341-milli
- tech.eu/2025/09/29/former-sequoia-partner-miller-targets-b2b-ai-with-u
- f4.fund/firms/evantic-capital
- hopohopo.io/investors/evantic-capital
- vcsheet.com/fund/evantic-capital
- pitchbook.com/profiles/investor/895437-01
- crunchbase.com/organization/evantic-capital
Investing activity
Evantic Capital has made 27 investments according to Crunchbase across 16 portfolio companies, and has led 3 rounds and seen 1 exit.
Evantic Capital appears in 4 AI deals tracked by the AI Lounge deals desk, rounds totalling $400M. The rounds are mostly Series C, Series B and Growth, with a median round size of $150M and the largest at $200M. The most recent are Serval (Series C, $150M, Oct 2026), Flow Engineering (Series B, $50M, Oct 2026) and Factory (Growth, $200M, Sep 2026).
Evantic Capital most often invests alongside Sequoia Capital, Conviction, General Catalyst and Elad Gil, and the companies it backs on AI Lounge are mostly in AI agents for enterprise support, AI for hardware engineering and AI software development agents.
Deals
Frequently asked questions about Evantic Capital
Who founded Evantic Capital?
Matt Miller, a former Sequoia Capital partner of about 12 years, founded Evantic Capital in 2025. He is the founder and managing partner.
How big is Evantic Capital's fund?
Press coverage at the September 2025 launch reported more than $400 million, or about €341 million, for Fund I. Miller said roughly an eighth of it came from the Legends.
What check size does Evantic Capital write?
Third-party databases list $1M to $60M, depending on stage. The firm has not published this itself, so ask the team before relying on it.
Does Evantic Capital invest in AI startups outside the UK?
Yes. It targets B2B AI companies in Europe, the United States and Israel, and is based in London.
What are Evantic Capital's notable AI investments?
Reported investments include Fireworks AI, Lovable, n8n, Listen Labs, Profound and Harvey. Several were made in 2025 and 2026.
What AI companies has Evantic Capital invested in?
Evantic Capital's AI investments include Serval, Flow Engineering, Factory and Davis. The 4 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Evantic Capital based?
Evantic Capital is based in London, England, United Kingdom.
What stage does Evantic Capital invest at?
In the rounds tracked on AI Lounge, Evantic Capital has invested at Series C, Series B, Growth and Pre-seed, with a median round of $150M.
Who does Evantic Capital co-invest with?
Evantic Capital's most frequent co-investors on AI Lounge are Sequoia Capital (3 deals), Conviction (1 deal), General Catalyst (1 deal), Elad Gil (1 deal) and First Round Capital (1 deal).
How can founders reach Evantic Capital?
Founders on AI Lounge can see Evantic Capital's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Evantic Capital to their Investor Pipeline to track the conversation.