Inception Fund
Venture capitalPre-Seed–Seed
Investment thesis
Inception Fund positions itself as a credible AI-focused super angel, writing early checks to back the top 0.1% of European and New Nordic technical founders creating global, business-facing AI application, infrastructure, foundation model and deeptech companies. It emphasizes moving fast, keeping terms simple, taking no board seats and not needing to lead rounds, while supporting founders from zero to one. It is well networked across Europe and the US and offers access to top-tier VC funds and leading AI labs. An opportunity fund lets it write larger tickets at seed and beyond as a value-add follower alongside top-tier funds.
Source: firm website, verified Aug 16, 2026.
What they invest in
from 26 of 46 portfolio companiesAI & Machine Learning ×23Enterprise Software ×10SaaS ×9Deep Tech ×8Developer Tools ×5LegalTech ×4Data & Infrastructure ×3Fintech ×3
HQs:United Kingdom×5Sweden×5United States×3Czechia×1Finland×1
Investments · 46 tracked
founders shown can be your intro pathSocietal-scale infrastructures for health.
Abstraction builds a code comprehension layer that compiles source code into a universal semantic model to generate auto-validated wikis, process graphs, system maps, and semantic PR reviews.
AI & Machine LearningDeveloper ToolsSaaS
Co-investorsAntler
Ace Waves provides AI-powered customer support agents that automate up to 80% of support operations, operating 24/7 with human-like intelligence across multiple channels while maintaining enterprise-grade security and compliance standards.
AI & Machine LearningEnterprise SoftwareSaaS
Antanas Baksys(Founder)in
Co-investorsDig Ventures Management LimitedFirstpickFJ Labs
Frontier AI research lab developing world models.
An AI company associated with scientist Tomáš Mikolov, whose research contributions include algorithms for scaling neural network language models and neural text generation methods used in chatbots.
AI & Machine LearningDeep TechPrague, CZ
Jaroslav Beck(Founder)Tomáš Mikolov(Co-Founder & CSO)
Callosum is building heterogeneous AI intelligence, working across the full stack from silicon to algorithms to systems.
AI & Machine LearningCloud ComputingDeep TechDeveloper ToolsSemiconductorsLondon, GB
Danyal Akarca(CEO)inJascha Achterberg(CTO)in
Co-investorsPluralDCVC (Data Collective)Entrepreneur FirstSamos InvestmentsSovereignAITranspose Platform Management+1 more
CuspAI develops AI models for materials science and discovery, and leads the AI Materials Foundry initiative that combines accelerated computing infrastructure with chemistry data and materials expertise.
AI & Machine LearningDeep TechNew MaterialsCambridge, GB
Max Welling(Co-Founder)inChad Edwards(Co-Founder & CEO)in
Co-investorsBasis Set VenturesHoxton VenturesKleiner PerkinsLightspeed Venture PartnersNew Enterprise Associates (NEA)Northzone+10 more
Autonomous security research and development lab.
AI-native OS and system of record for dentists.
AI-native platform for operational risk management.
Everi Labs provides a clinical documentation tool that transcribes patient evaluations live and drafts face-to-face and functional assessments with demographics, codes, and K-level pre-filled, so clinicians edit and sign rather than write notes from scratch.
AI & Machine LearningDigital HealthHealthtech
Co-investorsnode.vc
Hedda provides an AI intelligence layer that connects a company's existing systems and turns unstructured project data from tenders, contracts, drawings and technical documents into searchable organizational knowledge.
AI & Machine LearningConstruction TechSaaS
Co-investorsWave Ventures
ICEYE operates a constellation of SAR (synthetic aperture radar) satellites to provide near real-time Earth monitoring, including observed flood extents, disaster impact data, and ISR capabilities.
Climate TechDefense TechSpace Tech
Co-investorsTCVStarlight Ventures
Inference Capital is an investment firm representing permanent capital and allocators across private markets, providing advisory and direct allocation services.
Fintech
Co-investorsPreston-Werner Ventures
IQM manufactures and sells superconducting quantum computers that institutions can own and operate on-premises, offering products ranging from 5-qubit research systems to 150-qubit high-performance computing systems.
Deep TechHardwareQuantum Computing
Jan Goetz(Founder & CEO)in
Co-investors55 NorthBayern KapitalChanger ClubOpenOceanOurCrowdRuna Capital+6 more
The most secure infrastructure for long horizon agents.
Last Accounting Company (LAC) offers a combined accounting service and AI platform, using its agent "Björn" to automate manual bookkeeping while human accountants review the results, replacing tools like Procountor, Fennoa, and Netvisor.
AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US
Riki Karjalainen(Co-Founder)inSami Laakkonen(Founder)inVeikko Pere(Founder)inPietari Virkkunen(Co-founder)in
Co-investorsY Combinator
Lightbringer is a full-service patent management provider that combines AI agents with licensed patent attorneys to draft, file, and prosecute patents, including office action management and portfolio maintenance.
AI & Machine LearningLegalTechSaaS
Co-investorsAlliance VCAlliance VentureLuminar VenturesNewion6 Degrees Capital
Building the last piece of software.
Moritz is an AI-native law firm that combines senior lawyers with custom software to deliver legal work for technology companies across the EU, US, and Australia, using fixed fees and rapid turnaround rather than hourly billing.
AI & Machine LearningEnterprise SoftwareLegalTechSaaSSan Francisco, US
Pamir Ehsas(Founder & CEO)inStefan Mandaric(Founder)inDaniel Dalla Vedova(Founding Head of Legal & COO)in
Co-investorsY Combinator20VCUrban Innovation
Build mobile native apps with AI.
PhysicsX offers an AI and simulation software platform that combines physics inference with numerical simulation to help engineering and manufacturing enterprises design, optimize, and control products across the product lifecycle.
Advanced ManufacturingAI & Machine LearningDeep TechLondon, GB
Robin Tuluie(Co-Founder)inJacomo Corbo(Co-Founder & Co-CEO)in
Co-investorsGeneral CatalystTemasekAtomicoIntrepid Growth PartnersRadius Capital VenturesStandard Investments+1 more
Prior Labs builds pre-trained tabular foundation models (TabPFN) that make predictions on structured data without tuning or ML pipelines, delivered via API, private cloud, or agents.
AI & Machine LearningData & InfrastructureDeep Tech
Frank Hutter(Founder)in
Co-investorsAtlanticBalderton CapitalGalion.exeXTX Markets
Recursive develops self-improving superintelligence systems designed to automate knowledge discovery.
AI & Machine LearningDeep TechLondon, GB
Caiming Xiong(Founder)inYuandong Tian(Founder)inTim Rocktäschel(Founder)
Co-investorsAIX VenturesDCVC (Data Collective)Glasswing VenturesGreycroftHarpoon VenturesRapid Scale+5 more
Context graphs for agents that move money, molecules, and markets.
Scape is a desktop email client that organizes inboxes for Gmail and Outlook users, using AI to prioritize important messages, draft replies, and track follow-ups from emails and meetings.
AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSStockholm, SE
Melvin Hagberg(Founder and CEO)in
Co-investorsWave VenturesY CombinatorAngelHub
LLM evals for high-stakes use at scale.
AI that transforms natural language into manufactured products.
Specific builds infrastructure software for AI coding agents, enabling them to run, deploy, and maintain the code they generate with tools designed for AI-native workflows rather than human developers.
AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareStockholm, SE
Fabian Lindfors(Founder)inIman Radjavi(Founder)in
Co-investorsY Combinator20VCAmino Capital
StackOne provides infrastructure for AI agents to integrate with and act across business applications through optimized connectivity, execution, and security features.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareNewbury, GB
Romain Sestier(Founder)in
Co-investorsEpisode1GV (Google Ventures)Preston-Werner VenturesPlayfair CapitalWorkday Ventures
Stilta builds software for patent protection and intellectual property work, serving patent attorneys and innovators who depend on patent safeguards.
AI & Machine LearningEnterprise SoftwareLegalTechStockholm, SE
Oskar Block(Founder)inOscar Adamsson(Founder)inTobias Estreen(Founder)inPetrus Werner(Co-founder & CTO)in
Co-investorsY CombinatorAndreessen Horowitz
Tandem Health builds regulated clinical AI for clinicians and health systems, including an AI scribe that generates clinical documents and diagnosis/procedure codes (ICD-10, SNOMED), a coding assistant, and clinical decision support certified as EU MDR Class IIa medical devices.
AI & Machine LearningDigital HealthHealthtech
Lukas Saari(Founder)in
Co-investorsKinnevikNorthzoneVisionaries Club
Terra Labs builds AI that turns satellite and Earth observation data into monitoring and decision-making intelligence, starting with forestry.
AI & Machine LearningClimate TechDeep Tech
The Token Company builds a compression model called Bear-2 that reduces the size of LLM inputs such as documents, websites, and transcripts before they enter an LLM context window.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US
Otso Veisterä(Founder)in
Co-investorsFailup VenturesWave VenturesY CombinatorVisionaries Club
Research lab training foundation models for real world interaction.
AI agent optimizing Product-led Growth.
Validio is a data quality platform that uses LLMs and AI-powered anomaly detection to profile, classify, monitor, and resolve issues in enterprise data, with agentic root-cause analysis and data lineage.
AI & Machine LearningData & InfrastructureEnterprise Software
Co-investorsJ12 Ventures
Vantel provides AI-powered tools to insurance brokers for analyzing policies, comparing quotes, and identifying coverage gaps across their client portfolios.
AI & Machine LearningFintechInsurTechSaaSStockholm, SE
Love Redin(Founder)inUlme Wennberg(Founder)in
Co-investorsY CombinatorRebel Fund
Vesence is a platform that enables teams to delegate complex work in Microsoft Office applications (Word, Excel, PowerPoint, Outlook) to AI agents.
AI & Machine LearningEnterprise SoftwareLegalTechSaaSStockholm, SE
Henrik Hansson(Founder)inLudvig Swanstrom(Founder)in
Co-investorsEmergence Capital PartnersY Combinator20VCCreandumEmergence Capital
AI-powered CRM that runs your entire customer lifecycle on autopilot.
Portfolio news
latest coverage across their companiesCallosum · eu-startups.com · Aug 20, 2026
Lightbringer · legaltechnology.com · Aug 14, 2026
CuspAI · cdomagazine.tech · Jul 27, 2026
Moritz · livemint.com · Jul 17, 2026
Stilta · businessinsider.com · Jul 8, 2026
Recursive Super Intelligence · techcrunch.com · Jul 5, 2026
IQM · scalingeurope.substack.com · Jul 3, 2026
The Token Company · ycombinator.com · Mar 3, 2026
Frequently asked questions
- How many investments has Inception Fund made?
- Inception Fund has 46 tracked investments, including 1 dated in the last 24 months.
- What stage does Inception Fund invest at?
- Inception Fund invests at the Pre-Seed, Seed stages.
- What is Inception Fund's typical check size?
- Inception Fund typically writes checks of $110K – $1.1M.
- What sectors does Inception Fund focus on?
- Inception Fund focuses on AI & Machine Learning, Data & Infrastructure, Deep Tech, Enterprise Software, Quantum Computing.
- Does Inception Fund lead rounds?
- Inception Fund typically participates in rounds rather than leading them.
- Who does Inception Fund co-invest with?
- Inception Fund most often shares deals with Y Combinator, Wave Ventures, DCVC (Data Collective), among 61 tracked co-investors.
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