backtrace capital
Venture capitalPre-Seed · 1 people tracked
Investment thesis
Backtrace invests in technology infrastructure and the foundational 'picks and shovels' required to build, run, deploy, observe, maintain, and secure modern products. It favors building blocks that, once integrated into a customer's tech stack, become sticky and grow more valuable over time. The KERYS Software investment illustrates this focus on deep-tech infrastructure such as secure, formally verified virtualization that improves hardware efficiency and meets European digital resilience regulations like DORA and NIS2.
Source: firm website, verified Aug 23, 2026.
Team · 1 people
from public directoriesWhat they invest in
from 4 of 8 portfolio companiesEnterprise Software ×3Cloud Computing ×2Developer Tools ×2Advanced Manufacturing ×1AI & Machine Learning ×1Cybersecurity ×1Data & Infrastructure ×1Marketplaces ×1
HQs:France×1Netherlands×1United States×1
Investments · 8 tracked
founders shown can be your intro pathdaphni is a venture capital firm that describes its approach as human-driven, community-powered, and tech-augmented.
PartnerDominik Tobschall· solo GP
Co-investorsBleu CapitalOVNI Capital
Co-investorsLevel VenturesNexus BayPeak
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-investorsDaphni
IBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services.
AI & Machine LearningCloud ComputingEnterprise SoftwareQuantum ComputingArmonk, US
Jit Saxena(Founder)Arvind Krishna(Chairman, President and CEO)
Co-investorsBallistic VenturesBantam GroupBessemer Venture PartnersBrightspark VenturesCorsa VenturesCRV (Charles River Ventures)+17 more
Peak is an early-stage venture capital fund that backs SaaS, marketplace, and platform startups across Europe.
Enterprise SoftwareMarketplacesSaaSAmsterdam, NL
Johan van MilHeleen Dura – van Oord
Co-investorsWave Ventures
Rethinking platform engineering from scratch to make software delivery and operations painless.
PartnerDominik Tobschall· solo GP
Co-investorsAnthemis VentureEstag CapitalFirestartrIndex VenturesIsomer CapitalOnstage+3 more
formae is an open-source infrastructure-as-code tool that uses the Pkl language to model infrastructure across cloud, clusters, and other estates, continuously discovering out-of-band changes and letting engineers evolve infrastructure through precise, minimal-blast-radius code changes.
Cloud ComputingData & InfrastructureDeveloper Tools
Co-investorsPeakEssence Venture Capital
Portfolio news
latest coverage across their companies
Stay tuned · entrepreneurindia.com · Aug 19, 2026
Netezza · pulse2.com · Jul 18, 2026
Daphni · impactalpha.com · Feb 4, 2026
Frequently asked questions
- How many investments has backtrace capital made?
- backtrace capital has 8 tracked investments.
- What stage does backtrace capital invest at?
- backtrace capital invests at the Pre-Seed stage.
- 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, Bessemer Venture Partners, CRV (Charles River Ventures), among 39 tracked co-investors.
Co-investors · 17
Peak is an early-stage venture fund founded and run by entrepreneurs, backing extraordinary teams across Europe. It focuses on SaaS, marketplaces, and platforms.
Essence VC is a rare "engineer-first, solo GP" fund led by Timothy Chen, who was initially rejected as "too technical/too nerdy" for traditional VC but built Essence into what's considered "one of the hottest startup funds in tech," backed by top-tier LPs like Marc Andreessen and Martin Casado. The fund explicitly positions itself as investing in infrastructure companies before they exist, backing founders at the repo/demo stage with comfort writing checks when there's only GitHub traction and an alpha—much earlier and more technically driven than most infra-focused VCs.
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General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.
Redpoint Ventures is a venture capital firm established in 1999 by former partners from leading venture firms, focusing on early-stage technology companies across multiple sectors. The firm leverages its partners' technology investment experience and an extensive network of entrepreneurs and industry contacts to support portfolio company growth.
Addition is a venture capital firm that invests in early and growth-stage tech companies.
Soma Capital is a venture capital firm that partners early with founders, emphasizing close relationships and running a fellows program for those just getting started.
Entrepreneur First (EF) is a talent investor that helps individuals build and launch startups, providing support such as US visa guidance, office space, fundraising preparation, and investor introductions culminating in a San Francisco Demo Day.
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.
Preston-Werner Ventures is a venture capital firm associated with Tom Preston-Werner, cofounder of GitHub, who has moved into venture investing.
Alven is an independent early-stage venture capital firm that has been investing for 25 years, positioning itself as a straightforward, hands-on partner to entrepreneurs.
Vertex Ventures SEA & India is an early-stage venture capital firm investing in startups across Southeast Asia and India, providing capital alongside operational support in areas such as hiring, go-to-market strategy and fundraising.
Backed is a European seed-stage venture fund that leads and invests early in founders building companies in frontier technology.
▶5 more co-investors
Crane Venture PartnersFounders FutureFactionTalis CapitalChausson Finance
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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