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Data sourced from Joe, the private fund performance platform powered by Dakota. Learn More | Request Access
Joe, powered by Dakota, tracks performance on over 16,000+ funds across private equity, private credit, real assets, and real estate, giving investment firms the data and intelligence needed to benchmark managers, monitor vintage-year performance, and identify capital formation trends.
This post highlights the top performing 2021 vintage early stage venture capital funds in Joe's dataset, based on verified return reporting.
Pursues an early-stage strategy focused on partnering with ambitious, founder-led technology companies across Europe and North America, investing in startups at the earliest stages of growth and building ownership through follow-on commitments across the company lifecycle. The fund is supported by EQT Ventures' proprietary AI-driven market intelligence platform, Motherbrain, which the team uses to source investment opportunities and provide data-driven market intelligence to portfolio founders. EQT Ventures draws on a team of experienced company builders and scalers stationed across offices in Stockholm, London, San Francisco, Berlin, and Paris, taking a locals-with-locals approach to identifying and supporting category-defining technology companies.
Invests exclusively in early-stage healthcare and life sciences companies across the biotech, healthtech, and medtech sectors, targeting founders developing innovative new medical technologies, biotechnologies, and digitally enabled healthcare services. The fund builds a concentrated portfolio with a disciplined approach designed to deliver consistent returns independent of broader macroeconomic conditions, focusing on companies with the genuine potential to produce better health outcomes at lower cost. Santé Ventures brings deep scientific and clinical expertise to its diligence process, supported by strong institutional LP relationships and a track record of portfolio companies reaching successful strategic exits with major healthcare industry acquirers.
Operates as a fund of venture capital funds managed by abrdn (formerly Aberdeen Standard Investments), allocating capital across a curated portfolio of early-stage venture managers and co-investments in the United States. The fund builds institutional exposure to the early-stage venture asset class through selective manager commitments, leveraging abrdn's long-running venture platform and deep relationships with top-tier fund managers to access high-quality portfolios typically unavailable to individual allocators. The strategy benefits from a seasoned investment team with a multi-decade track record in venture fund selection and a disciplined approach to portfolio construction across vintages and geographies.
Targets early-stage technology companies across the Intermountain West and broader United States, with a particular emphasis on sectors including software, healthcare, fintech, and edtech, where the firm has built deep domain expertise over nearly three decades of investing. Founded in Salt Lake City in 1994, EPIC Ventures applies a hands-on, operator-oriented approach to company building, working closely with founders to support growth from initial investment through scale. The fund draws on EPIC's regional network, institutional relationships, and a long track record of backing companies that have reached successful public market and strategic outcomes across multiple technology cycles.
Invests at the seed and early stages in technology startup companies across the United States, with a concentration in the New England ecosystem and particular focus on cybersecurity, data analytics, SMB software, emerging hardware platforms, and marketplaces. Formerly a part of Atlas Venture before separating into an independent firm in 2015, Accomplice operates a federated venture model that combines direct fund investing with community-driven platforms designed to support founders and surface investment opportunities through an extended network of entrepreneurs, operators, and scouts. The firm's high-conviction, concentrated investment style and deep roots in the Boston-Cambridge startup community have contributed to a portfolio that includes a number of category-defining technology companies across consumer and enterprise technology.
Joe gives investment firms direct visibility into the early stage venture capital fund universe, including:
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Written By: Ryan Sterl, Investment Research Associate
2020 Vintage Early Stage Venture Capital Funds
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