/Investor DB

Inception Fund

Venture capital

Pre-Seed–Seed · 2 people tracked

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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.

Stage
Pre-Seed–Seed
Check
$110K – $1.1M
Leads rounds
Follows
Instruments
Equity
Last 12 months
3 investments
Tracked investments
46
Unicorns
7
IPOs
1

Team · 2 people

from public directories
Erik Lindblad· Founding General Partner
Oliver Molander· General Partner

What they invest in

from 35 of 46 portfolio companies

AI & Machine Learning ×32Enterprise Software ×14Deep Tech ×13SaaS ×12Developer Tools ×9LegalTech ×5Data & Infrastructure ×4Fintech ×4

HQs:Sweden×7United States×6United Kingdom×5Finland×2Czechia×1France×1

Who they back

founder profiles across 28 portfolio companies
32%
solo founders
9 of 28 mapped founding teams
40%
repeat founders
of 63 founders with career history

Founding team size:solo founder×92 founders×103 founders×54+ founders×4

Where their founders studiedfrom 61 founders with education data

KTH Royal Institute of Technology ×13Aalto University ×6Stockholm School of Economics ×5Chalmers University of Technology ×4Lund University ×3National University of Singapore ×3University of California, Berkeley ×3University of Cambridge ×3

What their founders studiedfrom 56 founders with field-of-study data

Computer Science ×26Engineering ×18Physics ×7Business & Management ×4Economics ×4Mathematics & Statistics ×4Humanities ×3Law ×2

Where their founders worked beforefrom 63 founders with career history

OpenAI ×8Google ×7Meta ×7McKinsey & Company ×6Microsoft ×5Depict ×4Google Deepmind ×3QuantumBlack, AI by McKinsey ×3

Accelerator rootsportfolio companies that came through a program

Y Combinator ×10

19 founders hold a PhD (of 61 with degree data)

Investments · 46 tracked

founders shown can be your intro path
Abstractionabstraction.devin

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-investors2048 Ventures25MadisonAlumni VenturesAntlerBankless VenturesCosmostation+11 more

Ace Wavesacewaves.comin𝕏

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 LabsMarketplace

AMI Labsamilabs.xyz

AMI Labs develops advanced AI systems that understand the real world through world models and action-conditioned architectures, enabling intelligent agents with persistent memory, reasoning, and safety controls for industrial automation, robotics, and healthcare applications.

AI & Machine LearningDeep TechRoboticsParis, FR

Yann LeCun(Founder)Alex LeBrun(Founder)inLaurent Solly(Founder)inMichael Rabbat(Founder)inPascale Fung(Founder)inSaining Xie(Founder)in

Co-investors20VCAglae VenturesAlpha Intelligence CapitalAlpha Square GroupAvenir Growth CapitalBerliner Volksbank Ventures+45 more

Anthropicanthropic.comin𝕏

Anthropic is an AI safety research company that builds reliable, interpretable, and steerable AI systems.

AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwareSan Francisco, US

Dario Amodei(Co-founder & CEO)inDaniela Amodei(Co-founder & President)inTom Brown(Co-founder)inJack Clark(Co-founder & Head of Policy)inJared Kaplan(Co-founder & Chief Science Officer)inChris Olah(Co-founder & Interpretability Research Lead)in

Co-investors3Comma Capital7BC Venture Capital7GC & CoA.Capital VenturesAccelAlanda Capital Holding Limited+129 more

BottleCap AIbottlecapai.comin𝕏

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)inTomáš Mikolov(Co-Founder & CSO)in

Co-investors20VCFELIX CAPITALRockaway VenturesTola Capital

Callosumcallosum.comin𝕏

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-investorsPluralAlbionVCAtomicoDCVC (Data Collective)Entrepreneur FirstSamos Investments+3 more

Cursivecursive.ai

Cursive is a European AI lab developing frontier artificial intelligence, focusing on systems designed to be useful, inspectable, adaptable, and aligned with human judgment.

AI & Machine LearningDeep Tech

Co-investorsSuperSeed

CuspAIcusp.aiin𝕏

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+19 more

Cybret AIcybret.ai

Cybret builds a security engine that detects complex business logic vulnerabilities in software, focusing on unintended interactions across API endpoints, permissions, states, and data paths that conventional tools and LLM-based scanners miss.

AI & Machine LearningCybersecurityDeveloper Tools

Co-investorsSkyfall VenturesWave Ventures

Everi Labseverilabs.cominJun 2026

Everi builds software for orthotics and prosthetics (O&P) clinics to reduce administrative burden and documentation work, allowing clinicians to focus more on patient care.

AI & Machine LearningDigital HealthHealthtechSaaS

Co-investorsnode.vc

Heddahedda.ai

Hedda is an AI system for analyzing RFPs and complex project documentation, helping teams qualify opportunities, extract requirements, and draft responses by connecting to existing enterprise systems like SharePoint and Microsoft 365.

AI & Machine LearningConstruction TechEnterprise SoftwareSaaS

Zakarias Hedenfalk(Founder)inFabian Platoff(Founder)inFredrik Juvet(Founder)in

Co-investorsWave VenturesAntlerZenith Venture Capital

ICEYEiceye.comin𝕏

ICEYE operates a satellite-based synthetic aperture radar (SAR) system that delivers persistent, real-time monitoring and damage assessment data globally.

Climate TechDeep TechDefense TechSpace TechFinland, FI

Rafal Modrzewski(CEO and Co-Founder)inPekka Laurilain

Co-investorsDnx VenturesDraper AssociatesFOUNDER.orgGen CapitalGeneral CatalystIn-Q-Tel+10 more

Inference Capitalinferencecapital.aiin

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

IQMiqm.techin𝕏

IQM builds full-stack superconducting quantum computers, from NISQ-era to fault-tolerant systems, including quantum processing units, on-premise machines, and a cloud platform.

Deep TechHardwareQuantum ComputingEspoo, FI

Jan Goetz(Founder)in

Co-investors55 NorthBayern KapitalChanger ClubFirst MomentumKreos CapitalOpenOcean+9 more

Last Accounting Companylastaccountingcompany.comin

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 CombinatorVela PartnersCRV (Charles River Ventures)Founders FactorySandwith Ventures, LLC

Legoralegora.comin𝕏

Legora builds AI-powered collaboration software for lawyers to automate routine tasks and improve efficiency in legal work.

AI & Machine LearningEnterprise SoftwareLegalTechStockholm, SE

Max Junestrand(Co-founder & CEO)inSigge Labor(Founder)inAugust Erséus(Co-founder)in

BoardChetan Puttagunta(Director)Jacob Effron(Redpoint board member)inLogan Bartlett(Redpoint board member)in

Co-investorsAbstract VenturesAccelAirTree VenturesAlkeon InnovationAtlassian VenturesBain Capital Ventures+37 more

Lightbringerlightbringer.comin

Lightbringer is a SOC 2 Type 2 compliant service provider that describes its data security and privacy practices, including encryption, access controls, and monitoring for customer data.

AI & Machine LearningCybersecurityLegalTechSaaS

Dominic DaviesinMarkus AndreassoninOla Wassvikin

Co-investorsAlliance VCAlliance VentureLuminar VenturesNewion6 Degrees Capital

Lovablelovable.devin𝕏

Lovable is an AI-powered platform that enables users to build web applications and websites through conversational chat interactions with artificial intelligence.

AI & Machine LearningCloud ComputingDeveloper ToolsSaaSDover, US

Fabian Hedin(Executive Officer, Director)inAnton Osika(Executive Officer, Director)inAndy Toung(Executive Officer)

BoardBenjamin Fletcher(Director)Matt Murphy(Director)in

Co-investors20VC83NorthAccelAIX VenturesAnthropy PartnersAntler+40 more

Moritzmoritzlegal.comin𝕏May 2026 · $9M

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 Combinator20VCPioneerTranspose Platform ManagementUrban InnovationFounder Capital+13 more

PhysicsXphysicsx.aiin

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-investorsAtomicoGeneral CatalystTemasekFelicis VenturesIntrepid Growth PartnersRadius Capital Ventures+4 more

Prior Labspriorlabs.aiin𝕏

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 Super Intelligencerecursive.comin𝕏

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)in

Co-investorsAIX VenturesAlumni VenturesARA NEA Ventures (Brand: Dmz.Xyz)Conexo VenturesDCVC (Data Collective)Glasswing Ventures+10 more

Scapescape.appin𝕏

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-investorsPioneerWave VenturesY CombinatorAndreessen HorowitzAngelHubCapitalize VC+7 more

Scorablescorable.aiin𝕏

Scorable provides calibrated AI judges that evaluate AI responses in real time, detecting hallucinations, policy violations, and quality regressions.

AI & Machine LearningDeveloper ToolsSaaS

Co-investorsAngular Ventures

Silo AIsilo.ai

AI company co-founded and led by CEO Peter Sarlin, featured in Antler's podcast.

Niko Vuokkoin

Co-investorsAltorAntler

Specificspecific.devin𝕏

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 CapitalFounders FactoryHassan Lantry (Blast)James Beshara Fund

StackOnestackone.comin𝕏

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 VenturesThunder Future LLCPlayfair CapitalWorkday Ventures

Stiltastilta.cominMay 2026

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 HorowitzHassan Lantry (Blast)Phosphor Capital

Tandem Healthtandemhealth.aiin

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-investorsGROOVE CAPITALIdeashipKinnevikNorthzoneAmino CollectiveEQT+1 more

Terra Labsterralabs.comin

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

Co-investorsNorrsken VC

The Token Companythetokencompany.comin𝕏

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 VenturesPioneerTranspose Platform ManagementWave VenturesY CombinatorVisionaries Club

Touchmarktouchmark.aiin𝕏

Touchmark operates a live order book for reserved AI inference capacity, letting buyers commit forward to blocks of tokens on named models at posted discounted prices while providers sell capacity ahead to lock in revenue against GPU buildouts.

AI & Machine LearningB2B MarketplacesData & InfrastructureEnterprise SoftwareFintechSan Francisco, US

Ilia Bolgov(Co-Founder)inRoman Yanushevskyi(Co-Founder)in

Co-investorsVela PartnersY CombinatorHassan Lantry (Blast)Kima VenturesLiquid VenturesSpot VC

Tzafon AItzafon.aiin𝕏

Tzafon develops machine intelligence systems focused on multimodality, high-performance compute, and continuous learning.

AI & Machine LearningDeep Tech

Noah T.(Founder)in

Co-investorsStreamlined VenturesHannah Grey VenturesKakao VenturesTranspose Platform ManagementWave VenturesZone 2 Ventures Llc+2 more

Validiovalidio.ioin

Validio provides an agentic data management platform that automates data observability, quality, lineage, and cataloging for enterprises.

AI & Machine LearningData & InfrastructureEnterprise SoftwareStockholm, SE

Patrik Liu Tran(CEO & Founder)inAdrian Strömberg(Head of Finance)inSophia Granfors(Head of Marketing)inChristopher Alfred Brown(Head of Product & Engineering)

Co-investorsJ12 VenturesLakestarAlleyCorpPlural

Vantelvantel.comin𝕏

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

Vesencevesence.comin

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-investors20VCEmergence Capital PartnersY CombinatorCreandumMetsu CapitalTwenty Two Ventures

Other

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

ABC LabsAgatonDentioEthiraKeska LabsNativelySapheniaSMIDE LabsUserjourneysZero

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Inception Fund made?
Inception Fund has 46 tracked investments, 1 of which have exited, including 3 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, 20VC, among 182 tracked co-investors.

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