/Investor DB

ICOA UG

Angel network

Seed · 1 people tracked

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Investment thesis

ICOA invests early in technology companies globally, often as a business angel alongside leading venture capital funds. It focuses on seed-stage founders building category-defining technology companies and supports them with go-to-market expertise drawn from years of building and leading enterprise sales teams in AI infrastructure and high-growth software through acquisitions and an IPO. Beyond capital, ICOA offers portfolio companies access to its network of investors, executives and enterprise customers to help them scale to the next stage of growth.

Source: firm website, verified Oct 25, 2026.

Stage
Seed
Instruments
Equity
Tracked investments
5

Team · 1 people

from the firm's website
Onur Aksoy· Founder

Founder of ICOA and a commercial executive with many years in AI infrastructure and enterprise software, having built and led enterprise sales organizations worldwide at venture-backed companies with several successful outcomes.

What they invest in

from 5 of 5 portfolio companies

Consumer ×2E-commerce ×2Fintech ×2Media & Entertainment ×2AdTech ×1AI & Machine Learning ×1Creator Economy ×1Direct to Consumer ×1

HQs:Canada×1Germany×1Singapore×1United States×1South Africa×1

Investments · 5 tracked

founders shown can be your intro path
Baufi24baufi24.de

Baufi24 is a German mortgage brokerage that compares home financing offers from over 600 banks and financing partners to find tailored loan terms for consumers.

FintechPropTech

Lunar Xlunar-x.comin

Lunar X is a media company that invests in digital-first content brands and intellectual properties, elevating them into consumer franchises.

ConsumerCreator EconomyE-commerceMedia & EntertainmentLos Angeles, US

Lucas Kollmann(Founder)Tobias Hoss(Founding Member & Executive Team)Clemens Semelmayer(CEO)

Co-investors468 Capital

Silvertreesilvertreebrands.com

Silvertree Brands operates a purpose-driven direct-to-consumer and retail platform in South Africa.

ConsumerDirect to ConsumerE-commerce

Syfesyfe.comin𝕏

Syfe is a digital wealth management and investment platform offering ETF portfolios, smart investing baskets, and brokerage services for individual investors, including access to US, SGX, and ASX stocks.

FintechSingapore, SG

Dhruv Arora(Founder)inSamantha Horton(Chief Operating Officer)inMukesh Gupta(Chief Technology Officer)inJack Prickett(Chief Commercial Officer)inSelwyn Lim(General Counsel)in

Co-investors885 CapitalValar Ventures LlcYolo Investments

Taivtaiv.tvin

Taiv makes AI-powered software that automates business TVs in venues like bars and restaurants, automatically switching between cable, streaming channels, digital signage, and trivia.

AdTechAI & Machine LearningEnterprise SoftwareMarketing TechMarketplacesMedia & EntertainmentWinnipeg, CA

Jordan Davis(Founder)inNoah Palansky(Founder)inAvi Stoller(Founder)inMitch Conway(CCO)inShona Grewar(Chief of Staff)Noah Lieberman(Operations Analyst)

Co-investorsY CombinatorCathexis VenturesEight CapitalFJ LabsGaingelsGolden Opportunities Fund+13 more

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has ICOA UG made?
ICOA UG has 5 tracked investments.
What stage does ICOA UG invest at?
ICOA UG invests at the Seed stage.
What sectors does ICOA UG focus on?
ICOA UG focuses on AI & Machine Learning, Deep Tech, Enterprise Software.
Who does ICOA UG co-invest with?
ICOA UG most often shares deals with FJ Labs, Gaingels, Mu Ventures, among 12 tracked co-investors.

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