European Venture and Growth Capital Funds Reform

In January 2026, the European Commission launched a Call for Evidence on reforming its framework for venture and growth capital funds, reviewing EuVECA and AIFMD. The measure aims to address persistent barriers to scale, including market fragmentation, disproportionate regulatory burdens, and complex rules for cross-border activity. 

Bitkom welcomes this initiative as a necessary step to strengthen Europe’s Venture Capital and startup ecosystem. The current framework constrains the ability of European funds to grow, operate across the Single Market, and provide sufficient financing to the EU’s most promising ventures. A well-executed reform can significantly improve access to capital for European founders and reduce reliance on non-EU financing as companies scale.