Karma
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Karma Ventures is a venture capital firm that invests in early-stage European deep-tech software startups at late seed and Series A, typically up to €5M per deal with follow-on investments in later rounds. It backs founders with early commercial traction and global ambitions.
Also known as Karma Ventures
Founders & leadership
Investors · 9
Also in the syndicate · 1
Funding
SEC filings, press & company announcements- Undisclosed amountSeries BJan 2022
Top Tier Capital Partners (lead), Emerson Collective, Google Ventures, Softbank, Y Combinator
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Karma Ventures is a venture capital firm that invests in deep-tech software companies in Europe. Its stated focus is on companies building innovative technologies that already show initial commercial traction, with investments made at the late seed and Series A stages. The firm typically commits up to €5M per opportunity and participates in follow-on rounds as portfolio companies mature.
Beyond capital, the firm positions its contribution as time and operational experience alongside investment, targeting founders with global ambition. An investor directory profile lists a first-cheque range of roughly $580k to $3.5M, funding stages described as prototype and early revenue, and thematic interests including B2B SaaS, software, productivity and collaboration tools, and subscription/recurring-revenue models. The firm also runs a quarterly newsletter, described as the "Karma Circle", covering insights and developments from Europe's deep-tech ecosystem.
Business model
The firm operates as a venture capital investor, deploying equity capital into early-stage technology companies and making follow-on investments in later rounds, alongside providing operational support to founders.
▸Full profile — market position, go-to-market, geography
Market position
Positions itself as an early-stage specialist in European deep-tech software, differentiated by stage focus (late seed and Series A) and cheque size of up to €5M per opportunity.
Go-to-market
Founders of European early-stage deep-tech software companies targeting global markets, at the late seed and Series A stages, with initial commercial traction.
Geography
Investment focus is Europe, with an office listed at Toompuiestee 33a, Tallinn, Harjumaa, Estonia. Listed countries of investment include Estonia, France, Latvia, Lithuania, Finland, Germany, Sweden, Poland, Hungary and Iceland, among others.
Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
In the news
▸Research sources · 7
primary sources listed
- Karmakarma.vc · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Karma do?
- Karma Ventures is an early-stage venture capital firm investing in European deep-tech software startups at late seed and Series A.
- Who founded Karma?
- Karma was founded by Margus Uudam.
- Who are Karma's investors?
- Karma's investors include Tesi (Finnish Industry Investment Ltd), 1Crowd, GV (Google Ventures), SoftBank Group, Susquehanna Growth Equity, Tiger Global Management, Top Tier Capital Partners, Y Combinator.