The team expect to complete fundraising in early 2026.
UK venture capital firm Creator Fund has launched a $41m fund to back startups founded by PhD students at European universities.
The fund has German asset management firm Equation Capital as an anchor investor. The Export and Investment Fund of Denmark is a limited partner alongside 60 other investors.
Creator Fund invests at the pre-seed and seed stages in startups where one member of the founding team is a professor, PhD, student, or recent graduate. It invests up to $750,000 as a first cheque.
Over the past five years, the VC has backed 55 companies in eight European countries in the fields of AI, deep tech and life science.
Its portfolio companies include Chemify, a startup from the University of Glasgow in the UK which has invented a chemistry programming language that converts molecules into code; BeyondMath, a University of Cambridge company developing computational fluid dynamics for building 3D models; and Ovo Labs, a startup from the Max Planck Institute in Germany developing therapeutics that boost egg quality to improve IVF success.
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