Matt Miller, a former partner at Sequoia, has launched Evantic Capital, a new venture capital firm based in London. The firm has raised over $400 million to invest in B2B AI startups across Europe, the United States, and Israel. Evantic Capital has a unique model that involves a network of 140 experienced founders, operators, and investors called “The Legends.” These individuals actively support the portfolio companies and are allocated up to 50% of the investment carry for their contributions.
Miller emphasized that this creates a true partnership where the Legends are motivated by a real alignment of interests. They are deeply invested in helping the founders succeed both emotionally and economically. The firm’s leadership team includes Spencer Hemphill as CFO, Franky Roberts as Head of Talent & Community, Imke Koberg as Partner, and Didac Lee as Senior Advisor.
Evantic Capital’s unique investment model
Vivien Monory serves as Chief of Staff, and Maria Dowling is the Executive Business Partner. The name Evantic reflects Miller’s transatlantic journey and the firm’s mission to connect AI talent and capital across continents.
The Legends community is evenly split geographically, with half based in Europe and Israel and the other half in the US. Evantic Capital has already invested in five AI-focused startups, including Fireworks, Listen Labs, a platform for web app creation through natural language prompts, an AI workflow automation platform, and Nexos, an AI governance startup. The firm has two more investment commitments underway.
Miller stated his desire to fund “great founders of Europe” and prioritize investments in AI-driven companies with significant growth potential. The firm’s launch represents a significant development in the venture capital landscape for B2B AI startups seeking robust support networks.
