Technology
Europe’s SMEs. Upgraded by Tech.
For founders building for the overlooked growth frontier: making SMEs absurdly more productive with AI.
What We Believe
We invest where Europe's AI software has an edge.
It's not immediately obvious to invest in AI for companies without procurement departments. But in the world's most concentrated SME economy, AI adoption gives leverage and is felt instantly. When next month's P&L impact is visible, buying happens fast. We back tech founders from seed to Series B building on this frontier.
Tech we like:
It's not immediately obvious to invest in AI for companies without procurement departments. But in the world's most concentrated SME economy, AI adoption gives leverage and is felt instantly. When next month's P&L impact is visible, buying happens fast. We back tech founders from seed to Series B building on this frontier.
Tech we like:
AI for the Physical Economy
AI-rich software that orchestrates jobs, crews, and assets across construction, logistics, and manufacturing SMEs.
(Think: AI quoting and dispatch for trades, dynamic crew and route planning for field teams, predictive maintenance and utilisation for fleets and equipment.)
(Think: AI quoting and dispatch for trades, dynamic crew and route planning for field teams, predictive maintenance and utilisation for fleets and equipment.)
AI Financial Brain for SMEs
From invoices, receipts and bank data to live cashflow, payments, and smart embedded financing for SMEs.
(Think: autonomous bookkeeping, payroll AI, embedded compliance, SMB ERPs.)
SME-Native Builder Stack
Composable agents and no-code tools for SME teams to design, test and deploy workflows and “mini-apps” without an IT department.
(Think: AI-native dev environments, prompt-based app builders, agentic infra,product design copilots.)
What we look for
We back ambitious founders who understand how Europe's SMEs actually work and how to build technology that strengthens it.
You might come from the world of small business, logistics, manufacturing, services, or trade. You might be a technical founder bringing AI into practical environments.
Whatever your background, what matters most is your insight into real problems for SMEs and your drive to turn smart software into a solution that matters.
You might come from the world of small business, logistics, manufacturing, services, or trade. You might be a technical founder bringing AI into practical environments.
Whatever your background, what matters most is your insight into real problems for SMEs and your drive to turn smart software into a solution that matters.
Founders with lived experience who’ve seen the friction firsthand and are obsessed with fixing it
AI-enriched software that delivers meaningful daily value, not just impressive demos
Clear paths to defensibility, whether through data, workflow lock-in, or distribution advantage
A feel for Europe, from fragmented markets to on-the-ground workflows
The ambition to build an enduring company. Not a feature, not a flip
What we bring
We’ve backed founders from Spain to Iceland, across industries, sectors, and stages. We know building a company is never a straight line. and we’re here for the long ride.
We don’t start with a deal. We start with a relationship.
Before we invest, we offer our time, network, and thinking. When we do invest, we bring sharp conviction, meaningful follow-on, and a partner you can trust through the messiest parts of building.
We don’t start with a deal. We start with a relationship.
Before we invest, we offer our time, network, and thinking. When we do invest, we bring sharp conviction, meaningful follow-on, and a partner you can trust through the messiest parts of building.
Fast, human conversations and clear decisions
Deep roots in Europe’s real economy, from SME networks to C-level corporate executives
Support across early GTM, hiring, and product thinking
Access to follow-on capital- our portfolio has raised close to €1 billion
A commitment to show up consistently, candidly, and for the long haul
If you think we may be what you’re looking for, get in touch
Companies we back(ed)
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