Fundraising Fox
Pre-Seed–Seed · 1 people tracked
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Investment thesis
backtrace focuses on technology infrastructure and the 'picks and shovels' required to build, run, deploy, observe, maintain, and secure modern products. The firm believes such foundational building blocks, once integrated into a customer's tech stack, become sticky and increasingly valuable over time. It invests at the pre-seed and seed stages, frequently leading rounds alongside co-investors, and emphasizes sovereign digital infrastructure and foundational technologies that can unlock new eras of computing.
Source: firm website, verified Oct 5, 2026.
Team · 1 people
from public directoriesWhat they invest in
from 9 of 12 portfolio companiesDeveloper Tools ×5Enterprise Software ×5AI & Machine Learning ×4Cloud Computing ×3Data & Infrastructure ×3Deep Tech ×2Advanced Manufacturing ×1Biotech ×1
HQs:France×2United States×2Netherlands×1
Investments · 12 tracked
founders shown can be your intro pathBy year:2025 · 22024 · 12022 · 12021 · 37 dated
IBM is a publicly traded American multinational technology company in IT hardware, software, cloud, AI and consulting.
Armonk, US
Charles Ranlett Flint(Founder (CTR, 1911))Arvind Krishna(Chairman, President and Chief Executive Officer)inFoster Hinshaw(Founder)Jit Saxena(Founder)Brad Hunstable(Founder)Gyula Feher(Founder)
Co-investorsBain Capital VenturesDCM VenturesIn-Q-TelIrregular ExpressionsSPRINGROCK VENTURESMatrix+1 more
Commutator Studios offers a tool that automatically optimizes quantum applications by finding the best execution parameters across different quantum computers, reducing errors and improving accuracy, reliability, and performance.
Deep TechDeveloper ToolsQuantum Computing
Co-investorsPreston-Werner VenturesQAI Ventures
This page is a team member profile on the website of daphni, a venture capital firm.
Deep TechImpact & Social Good
Pierre-Eric Leibovici(Co-founder & Managing Partner)Etienne Renoux(Chief Financial Officer)inPierre Gallet(Chief Technical Officer)inAurelie Van Peteghem(Partner & Chief Marketing Officer)inClaire Tanguy(Partner & Chief Legal Officer)in
PartnerDominik Tobschall· solo GP
Co-investorsBleu CapitalOVNI CapitalRuna Capital
Kerys develops YS::Desktop, a workstation virtualization platform designed for field maintenance teams in industrial environments.
Advanced ManufacturingCybersecurityDeveloper ToolsEnterprise Software
Thomas Girard(Founder)inSébastien Domergue(Founder)in
Co-investorsDaphniKima Ventures
Peak is a venture capital firm investing in early-stage software companies in the Benelux and DACH regions, with a focus on B2B SaaS, AI, EdTech, and the future of work.
E-commerceEnterprise SoftwareMarketplacesSaaSAmsterdam, NL
Johan van MilHeleen Dura – van OordLeszek Zawadzki(Co-founder & CEO)Alina Prelicz(Co-founder & COO)Paweł Tatarczuk(Co-founder & CTO)Stefan Bary(General Partner)in
Co-investorsFJ LabsLakestarMarket One CapitalSMOK VenturesWave VenturesPembroke VCT+1 more
A platform that enables users to deploy and manage multiple AI agents for operational tasks.
AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsEnterprise Software
Co-investorsPeakEssence Venture Capital
Qovery provides a Kubernetes platform that runs in customers' own cloud environments, allowing engineering teams to manage infrastructure through policy-based controls rather than manual administration.
AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareParis, FR
Morgan Perry(Founder)inRomaric Philogène(Founder)inRomaric Philogene(Founder)
Co-investorsCrane Venture PartnersIris CapitalIrregular ExpressionsTechstarsAlvenFounders Future+1 more
Seedcamp is a London-based seed fund founded in 2007 that backs European founders at the pre-seed and seed stage.
AI & Machine LearningDigital HealthHealthtech
Jonathan Swerdlin(Co-founder and CEO)inMark Hyman(Chief Medical Officer and Co-Founder)inPranitha Patil(Chief Business Officer)inSeth Weisfeld(Chief Design Officer)in
PartnerDominik Tobschall· solo GP
Co-investorsAndreessen HorowitzRedpoint VenturesAnthemis VentureEstag CapitalFirestartrIndex Ventures+6 more
Seqera is a bioinformatics platform that centralizes scientific data, orchestrates pipelines, and provides governance, auditability, and reproducibility across on-premises and cloud environments (AWS, GCP, Azure).
AI & Machine LearningBiotechData & Infrastructure
Evan Floden(Founder)inPaolo Di Tommaso(Founder)
Co-investorsSpeedinvestAdditionBoxOne VenturesTalis Capital
Wasmer makes software universally available, providing solutions that enable developers and companies to maximize their potential through its platform and tools.
Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSector AgnosticSan Francisco, US
Syrus Akbary(Founder)inJulien Bianchi(Engineering Manager)Wiqar Chaudry(Head of Product)Teresa Lopez(People \u0026 Ops)Jas Powell(Engineer Manager)Christoph Herzog(Software Architect)
Co-investorsOSS CapitalSoma CapitalY CombinatorZero Prime Ventures468 CapitalAnti+4 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Essence Venture CapitalUnstoppable Finance
Exits · 2
1 IPOs · 1 acquisitionsIBMNYSE: IBMUnstoppable Financeacq. by MoonPay
Portfolio news
latest coverage across their companiesSeedcamp · eu-startups.com · Jun 22, 2026
Daphni · eu-startups.com · Jan 29, 2026
Qovery · eu-startups.com · Sep 30, 2025
Frequently asked questions
- How many investments has backtrace capital made?
- backtrace capital has 12 tracked investments, 2 of which have exited, including 3 dated in the last 24 months.
- What stage does backtrace capital invest at?
- backtrace capital invests at the Pre-Seed, Seed stages.
- What sectors does backtrace capital focus on?
- backtrace capital focuses on AI & Machine Learning, Cloud Computing, Cybersecurity, Data & Infrastructure, Deep Tech, Developer Tools, Enterprise Software, Quantum Computing.
- Does backtrace capital lead rounds?
- Yes, backtrace capital leads investment rounds.
- Who does backtrace capital co-invest with?
- backtrace capital most often shares deals with Peak, Daphni, DCM Ventures, among 27 tracked co-investors.
Co-investors · 16
Peak is an early-stage venture fund founded and run by entrepreneurs, backing extraordinary teams across Europe. It focuses on SaaS, marketplaces, and platforms.
Since 1999, Redpoint Ventures has partnered with visionary founders to create new markets and redefine existing ones. The firm invests early in startups building category-defining companies, from AI and infrastructure to security. Redpoint has backed hundreds of companies, including Netflix, Snowflake, Stripe, Ramp, Twilio, Ramp, and Hims, and today backs the next generation of AI leaders like OpenAI, Legora, Modal, Abridge and Physical Intelligence. Redpoint is based in San Francisco and has offices in New York City and Woodside. For more information visit: http://www.redpoint.com/
Soma Capital is a venture capital firm that backs founders building category-defining technology companies, emphasizing close, early relationships with ambitious entrepreneurs.
468 Capital is a technology investment firm with offices in Berlin and San Francisco that invests across multiple stages in software, AI, and internet companies. The firm focuses on thesis-driven investments in businesses with experienced founding teams.
PWV (Preston-Werner Ventures) provides early-stage capital to technology founders building the future, investing through PWV Fund I and the PWV Rolling Fund.
Backed is a European seed-stage venture fund that leads and invests early in founders building companies in frontier technology.
Crane Venture Partners is an early-stage venture capital firm backing founders building foundational technology from inception through seed, with support in go-to-market, sales, and hiring.
Essence is an early-stage venture fund that backs founders building technical infrastructure companies across industries, often at the inception stage.
Founders Future is a tech and AI-focused investment platform backing entrepreneurs building tomorrow's technology leaders across the Europe-US transatlantic corridor.
Talis Capital is a venture capital firm that invests with high conviction in early-stage startups across Europe and the US.
▶4 more co-investors
General CatalystEntrepreneur FirstVertex Ventures Sea Management Pte. Ltd.Faction
Firms observed investing alongside backtrace capital, from public investor directories. Shared companies are the overlap with backtrace capital's recorded portfolio.
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