In this episode of the EUVC podcast, Andreas discusses with Tzlil Kovetz, Principal at Vintage Investment Partners. With $4B in assets under management, Vintage Investment Partners is a global investment fund that focuses on three distinct strategies:A fund-to-fund play targeting early-stage VCs across Europe, the U.S., and Israel;A growth fund for early growth companies (typically Series B and beyond);A secondary fund invests in both funds and companies at various stages.Vintage Investment Partners invests across all sectors and has made notable investments in companies like Wolt, Klarna, Mirakl, SentinelOne, Monday, JFrog, Yotpo, Holidu, and many others. In the European fund investment space, they've backed top-tier firms such as Accel, Creandum, PointNine, Seedcamp, BlueYard, and others. Tzlil offers a unique perspective evaluating trends in both the European and U.S. venture markets. Her insights are sure to be valuable for anyone interested in the current state and future of VC. Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 03:14 Vintage's Global Investment Perspective 06:22 The European Venture Ecosystem 13:51 Fund Size Evolution in European VC 16:36 The State of the Venture Market in 2024 19:32 Impact of Geopolitical Events on VC 25:07 Opportunities in Venture Capital 26:09 Early Stage Gap in Europe 26:56 Market Adjustments and Seed Valuations 28:10 Challenges in Series A and B Rounds 33:18 Exit Markets Overview 35:33 European IPO Pipeline 38:58 Personal Journey into Venture Capital 41:00 Vintage Investment Strategies 46:26 Future of FinTech in Europe 51:02 Top Tips for VC Fundraising