In this episode, Andreas Munk Holm sits down with Björn Tremmerie, Head of Technology Fund Investments at the European Investment Fund (EIF), live from the EUVC studio at SuperVenture 2025.

They delve deeply into the true state of European venture capital, examining long-term performance trends, the role of EIF as Europe's policy-aligned capital allocator, and how sovereignty, resilience, and maturity are reshaping the ecosystem.

Here’s what’s covered:

• 00:00 SuperVenture Loyalty & Ecosystem Energy
• 01:02 The Mood in Market: Storms, Maturity & Resilience
• 03:04 What Makes This Moment in Venture a Real Opportunity
• 03:31 Recap of Björn’s Panel with Joe from Isomer
• 05:15 DPI Truths: The Top 50 Funds & A Look Back to 2017
• 06:04 Defense Tech & Dual-Use: What EIF Will (and Won’t) Fund
• 09:34 Sovereignty ≠ Isolation: The Real Role of the EIF
• 11:00 Later-Stage Funding Gaps & Europe’s Infrastructure Problem
• 12:36 Satellites, SpaceX & European Strategic Dependencies
• 14:14 Learnings From 25+ Years in the Game
• 15:01 Philosophical, But Practical: What VC Responsibility Means
• 16:17 A Clear Statement on Openness, Not Isolation