🦊/Investors

GapMinder

Venture capital

Amsterdam · Pre-Seed–Series A · 9 people tracked

Find your way into GapMinder

1,881 people in our graph share verified history with the GapMinder team — schools, employers, funds. One of them is your warm intro.

Tianen Liangunlockedknows Robert Herscovici · together at PwC (overlapped)
knows the team · via University of Bristol
knows the team · via Harvard Business School
×2knows the team · via PwC
×7knows the team · via Intel Corporation
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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.

Stage
Pre-Seed–Series A
Check
$500K – $5M
HQ
Amsterdam, NL
Leads rounds
Leads
Instruments
Equity
Founded
2017
Last 12 months
1 investment
AUM
$140M
Tracked investments
11
IPOs
1

Team · 9 people

from curated & public directories
Robert Herscovici· Investment Directorin

What they invest in

from 9 of 11 portfolio companies

AI & Machine Learning ×5SaaS ×4Developer Tools ×3Enterprise Software ×3AdTech ×2Cloud Computing ×2Cybersecurity ×2Fintech ×2

HQs:United States×3United Kingdom×1Luxembourg×1

Investments · 11 tracked

founders shown can be your intro path

By year:2026 · 12022 · 12020 · 12018 · 12017 · 15 dated

Cyscalecyscale.comin𝕏✓ verified

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

OvidiuinManuelainAndreiin

Co-investorsNotion CapitalSeedBlink

Aggeroaggero.ioin𝕏

Aggero is an AI platform that analyzes video content across social media platforms to identify performance drivers for brands and marketing teams.

AdTechAI & Machine LearningDirect to ConsumerMarketing TechMedia & Entertainment

Bogdan Sandulescu(Founder)in

Co-investorsbValue Venture CapitalLeverageVCLAUNCHub Ventures

Codeplaincodeplain.aiinJun 2026

Codeplain is building a new interface for software development aimed at helping humans work with code-writing machines.

AI & Machine LearningDeveloper ToolsSaaSSan Francisco, US

Co-investorsSilicon Gardens

Etiq AIetiq.aiin𝕏

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

Ligatusoutbrain.comin

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

Yaron Galai(Founder)in

Co-investorsFelicis VenturesIndex VenturesLightspeed Venture PartnersRhodiumSmartGateVCSTS Ventures GmbH+3 more

Machinationsmachinations.io𝕏May 2022 · $3.3M

Machinations offers a visual platform for designing, simulating, and balancing game economies and mechanics, aimed at game developers and studios.

Developer ToolsGamingSaaSMamer, LU

Vlad Centea(Founder)Dana Gheza(Founder)inMihai Gheza(Founder)inRadu Craciun(Founder)in

Co-investorsHiro CapitalAcequia Capital (AceCap)

SAP LeanIXleanix.netin

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

Soleadifysoleadify.cominOct 2020

Soleadify develops AI and machine learning-based datasets and data collection services focused on accuracy and classification, serving data-dependent businesses and research organizations.

AI & Machine LearningData & InfrastructureSales Tech

Co-investorsGecad VenturesDayone Capital

TypingDNAtypingdna.comin𝕏Dec 2018

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)inRaul Popa(Executive Officer, Director)inCristian Tamas(Executive Officer, Director)in

PartnerCosmin Ochisor· quoted

Co-investorsFlucas VenturesGecad VenturesTechstarsCredo VenturesGradient Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

DesignVerseTechstars Holdings

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has GapMinder made?
GapMinder has 11 tracked investments, 1 of which have exited, 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 Felicis Ventures, Index Ventures, Lightspeed Venture Partners, among 13 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Dan 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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