GapMinder
Venture capitalAmsterdam · Pre-Seed–Series A · 9 people tracked
Investment thesis
GapMinder leads seed rounds for early-stage AI/Deeptech and B2B SaaS companies emerging from the South Eastern Europe region and diaspora. The firm invests in brilliant founders and products, prioritizing potential for massive scale over minimizing early risk, and is comfortable with the imperfection of early startups. It favors sectors such as enterprise automation, data and analytics, fintech, cybersecurity, and developer tools. GapMinder looks for ambitious, coachable teams with complementary skills, early traction, large addressable markets, and a clear day-one strategy to win in major global markets. As former operators and entrepreneurs, the team takes a hands-on approach to help portfolio companies build world-class businesses.
Source: firm website, verified Aug 11, 2026.
Team · 9 people
from curated & public directories
What they invest in
from 6 of 8 portfolio companiesAI & Machine Learning ×3Enterprise Software ×3SaaS ×3Cloud Computing ×2Cybersecurity ×2Developer Tools ×2Fintech ×2AdTech ×1
HQs:United States×3United Kingdom×1
Investments · 8 tracked
founders shown can be your intro pathBy year:2026 · 12018 · 12017 · 13 dated
Cyscale develops a cloud security platform (CSPM/CNAPP) built around a Security Knowledge Graph that helps security teams identify and prioritize risks across cloud infrastructure, identities, and workloads in multi-cloud environments.
Cloud ComputingCybersecuritySaaS
Co-investorsNotion CapitalSeedBlink
Codeplain is an AI-powered code generation platform that turns specifications written in Plain, a structured English specification language, into production-ready, automatically tested software.
AI & Machine LearningDeveloper ToolsSaaSSan Francisco, US
Co-investorsSilicon Gardens
Romanian startup modernizing air traffic in Europe, which raised $5.5 million.
Etiq provides personalized AI literacy training for business teams (finance, marketing, operations, supply chain, research, risk) delivered through real-world project work with measurable competency verification.
AI & Machine LearningEdTechEnterprise SoftwareFintechLondon, GB
Raluca Crisan(Founder)in
Co-investorsTechstars
Outbrain, operating as Outbrain Direct Response, runs a performance marketing and advertising platform for the Open Internet, helping advertisers achieve measurable outcomes at scale.
AdTechMarketing Tech
Co-investorsSmartGateVCSTS Ventures GmbHSusquehanna Growth EquityVintage Investment Partners
SAP LeanIX provides enterprise architecture management software that gives organizations visibility into their software and IT landscape, including interdependencies, to plan transformations, manage risk, and support ERP transitions.
Developer ToolsEnterprise SoftwareSaaS
André Christ(Founder)in
Co-investorsCapnamicIris CapitalDawn CapitalGoldman Sachs
Boulder, US
David Cohen(Executive Officer, Director, Promoter)Brad Feld(Director)David Brown(Director)Jason Seats(Executive Officer)Scott Ford(Executive Officer)Stacy Carter(Executive Officer)
TypingDNA provides cloud-based authentication and continuous endpoint authentication solutions using behavioral biometrics.
AI & Machine LearningCloud ComputingCybersecurityEnterprise SoftwareFintechNew York City, US
Adrian Gheara(Executive Officer, Director)Raul Popa(Executive Officer, Director)inCristian Tamas(Executive Officer, Director)
PartnerCosmin Ochisor· quoted
Co-investorsFlucas VenturesGecad VenturesTechstarsCredo VenturesGradient Ventures
Portfolio news
latest coverage across their companiesCodeplain · tryfundable.ai · Jul 6, 2026
Etiq AI · theaiinsider.tech · May 3, 2025
Frequently asked questions
- How many investments has GapMinder made?
- GapMinder has 5 tracked investments, including 1 dated in the last 24 months.
- What stage does GapMinder invest at?
- GapMinder invests at the Pre-Seed, Seed, Series A stages.
- What is GapMinder's typical check size?
- GapMinder typically writes checks of $500K – $5M.
- What sectors does GapMinder focus on?
- GapMinder focuses on AI & Machine Learning, Cybersecurity, Data & Infrastructure, Deep Tech, Developer Tools, Enterprise Software, Fintech, SaaS.
- Where is GapMinder located?
- GapMinder is headquartered in Amsterdam, NL.
- Does GapMinder lead rounds?
- Yes, GapMinder leads investment rounds.
- Who does GapMinder co-invest with?
- GapMinder most often shares deals with Capnamic, Iris Capital, SmartGateVC, among 8 tracked co-investors.
Media · Podcasts & interviews
featuring the teamDan Mihaescu, GapMinder Ventures - In the Loop by Digitalio
DIGITALIO · Dan Mihaescu
DAN MIHAESCU, GapMinder x ILINCA PAUN @ Ginger Night by Bravva Angels I 4 April 2023
Bravva Angels · Dan Mihaescu
Going Global is About How You Perceive Limitations with Dan Mihaescu from GapMinder | EP.55
The Recursive · Dan Mihaescu
Winning team qualities with Dan Mihaescu | GapMinder VC
The Recursive · Dan Mihaescu
Startup Spotlight Interview Series - Dan Mihaescu (GapMinder VC)
How to Web · Dan Mihaescu
Dan Mihaescu - GapMinder Investment Fund
Techcelerator Ro · Dan Mihaescu
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