Kazakhstan’s EA Ventures and Plug and Play Launch €20 Million Fund to Support European Startups

Madrid, Spain — EA Ventures, the venture capital arm of EA Group Holding, has partnered with global innovation platform Plug and Play to launch a €20 million investment fund aimed at accelerating early-stage startups across Europe. Based in Madrid, Spain, the fund is hosted by Plug and Play EMEA Fund Management Company, a regulated entity managing venture initiatives across Europe, the Middle East, and Africa, according to EA Ventures.

The EA Ventures Plug and Play EMEA Fund will focus on seed-stage investments in high-impact technologies, including artificial intelligence, enterprise solutions, fintech, sustainability, mobility, and e-commerce. With ticket sizes ranging from €200,000 to €500,000, the fund aims to back 30–35 promising European startups.

“Spain is entering a new wave of tech entrepreneurship, and we see an opportunity to bring a fresh perspective rooted in global connectivity and agile capital. This partnership enables us to tap into Europe’s deep talent pool while helping founders think and grow beyond borders,” said Yerik Aubakirov, CEO of EA Group Holding.

Officially launched on March 3, 2025, the fund offers portfolio companies access to financial backing, expert mentorship, and Plug and Play’s extensive international network of corporations, investors, and advisors.

“We believe in the immense potential of the Spanish territory and aim to provide both financial and strategic support. Our goal is to connect the best founders with international hubs, enhancing their global reach and agility,” said Seena Amidi, Managing Partner EMEA at Plug and Play Tech Center.

This collaboration brings together Plug and Play’s global acceleration platform with EA Ventures’ dynamic, founder-first investment approach — with the goal of driving innovation and entrepreneurship across Europe.

About EA Group

EA Ventures, the venture capital arm of EA Group Holding, focuses on investing in high-potential startups across the Fintech, HealthTech, Blockchain, and SaaS sectors. With a proven track record since 2021, EA Ventures targets Seed and Pre-Series A-stage companies, offering investments ranging from $0.5 million to $2 million. Led by an experienced team of investment professionals and entrepreneurs, the fund leverages its sector-specific expertise to identify and support promising startups, primarily in Europe, with a particular emphasis on Spain. As part of the larger EA Group Holding ecosystem, EA Ventures provides portfolio companies not only with capital but also with strategic guidance, operational support, and access to an extensive international network — positioning them for sustainable growth and long-term success.

About Plug and Play

Plug and Play is the leading innovation platform connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we operate in 60+ locations across five continents. We offer corporate innovation programs and support our partners through every stage of their innovation journey — from education to execution. We also run startup acceleration programs and manage over $1 billion in assets under management across our funds. Our portfolio includes hundreds of successful companies such as Dropbox, PayPal, Guardant Health, Honey, N26, Rappi, and Turing.

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Jeanna Skripal

skripal@itcomms.io