Karma Ventures — Full Portfolio

AppGyver is a no-code platform for building web and mobile applications with visual development tools and cloud backend functions.

Cloud ComputingDeveloper ToolsSaaSSan Francisco, US

Marko Sakari Lehtimaki(Executive Officer, Director)Henri Samuel Vahakainu(Executive Officer)

BoardPOPatrik Olof Backman(Director)inTMTommi Markus Uhari(Director)inKRISTIAN SEGERSTRALE(Director)

Board seatTUTommi Uhari· per SEC Form D · $3.5M raise · filed Jan 2017

Co-investorsOPOpenOcean

Commsignia develops C-ITS and V2X (vehicle-to-everything) technologies that connect vehicles with road infrastructure and each other to enhance traffic safety and optimize traffic flow.

Cloud ComputingIoTMobility & TransportationSanta Clara, US

LVLaszlo Virag(Director)inJozsef Kovacs(Executive Officer, Director)Endre Attila Sagi(Director)Csaba Kakosy(Director)

Board seatTUTommi Uhari· per SEC Form D

Co-investorsINInventureSASamsung Catalyst FundCRCredo VenturesQUQualcomm Ventures

Infermedica develops an AI-powered healthcare platform for symptom assessment, triage, and patient intake that integrates into clinical workflows to improve patient access to care.

AI & Machine LearningDigital HealthHealthtechWrocław, PL

POPiotr Orzechowski(Chief Executive Officer)inRSRoberto Sicconi(Founder)in

BoardMichal Rokosz(Director)

Board seatMUMargus Uudam· per SEC Form D

Co-investorsEBEBRD Venture Capital Investment ProgrammeHEHeal CapitalINInovo VCUNUnfold Ventures

Minut produces Internet of Things devices and software for managing shared properties such as multifamily housing and short-term rentals, helping operators monitor spaces and make decisions while protecting privacy.

Enterprise SoftwareIoTPropTechMalmö, SE

NMNils Mattisson(Co-founder)inFAFredrik AhlberginMLMartin LööfinMLMarcus Ljungbladin

BoardHampus Jakobsson(Director)

Board seatTUTommi Uhari· per SEC Form D

Co-investorsCUCuriosity VCKOKOMPAS VCKPKPN VenturesALAlmaz Capital

New York, US

Luciano Allegro(Executive Officer)Jarrod Scuglik(Executive Officer)Sebastian Cesario(Executive Officer, Director)Luigi Lenguito(Executive Officer, Director)

BoardJay LEEK(Director)

Board seatKLKristjan Laanemaa· per SEC Form D · $10M raise · filed Jan 2025

Sonarworks develops audio personalization technology and sound correction software for music creators, recording studios, and consumer listeners.

AI & Machine LearningConsumerCreator EconomyHardwareSaaSRiga, LV

MPMartins Popelis(Founder)inHBHelmuts Bems(Founder)inInguna Kronberga(Executive Officer)

BoardGeoffrey Baehr(Director)

Board seatKLKristjan Laanemaa· per SEC Form D

Co-investorsPEPerot JainSPSpecialist VCALAlmaz CapitalPRPractica CapitalSUSuperAngelTRTrind Ventures

WunderGraph Cosmo is an enterprise platform for building and running federated GraphQL supergraphs with governance, schema management, and real-time streaming capabilities.

Developer ToolsEnterprise SoftwareMiami, US

JNJens Neuse(Executive Officer, Director)inBjoern Schwenzer(Executive Officer, Director)

BoardSKSteve Kishi(Director)in

Board seatTUTommi Uhari· per SEC Form D

Co-investorsASAspenwood

1Doc3 offers employers an unlimited-consultation telehealth service covering general medicine, psychology, nutrition, pediatrics, sexual health, and veterinary care with no copays or wait times, aimed at improving employee wellbeing and reducing absenteeism.

Digital HealthHR TechWellness & Fitness

Javier Andres Cardona Mora(Founder)in

Co-investorsKAKayyak VenturesMAMatterScale VenturesTHTheVentureCity

Accusonus was a Greek-founded audio technology startup that made AI-powered software and plugins for audio repair, noise removal, and drum-track separation used by musicians and content creators.

Lexington, US

Ilias Kokkinis(Executive Officer, Director)Alexandros Tsilfidis(Executive Officer, Director)

BoardMichael Tzannes(Executive Officer, Director)

Apollo Federation is an open-source GraphQL architecture/specification created by Apollo GraphQL, not a standalone startup.

Co-investorsEQEQUIAMHEHeavybitINInsight PartnersMAMatrixNENext47SPSpider Capital

BforeAI develops AI-powered predictive cybersecurity technology designed to prevent cyber attacks before they occur rather than detect them after the fact.

AI & Machine LearningCybersecurity

LLLuigi Lenguito(Chief Executive Officer)inLALuciano Allegro(Chief Automation Officer)inSCSebastian Cesario(Chief Technology Officer)in

Co-investorsKAKaristaSYSyn Ventures Seed Management LlcTHTheVentureCityTITitanium VenturesSYSYN Ventures

CGTrader is a global marketplace where 3D designers sell digital models to creators and enterprises in film, gaming, architecture, and 3D printing industries.

Creator EconomyGamingMarketplacesVilnius, LT

MKMarius Kalytis(Founder)in

Co-investorsEVEvli Growth PartnersINIntel CapitalPRPractica Capital

Cohda Wireless develops V2X (vehicle-to-everything) technology and connected vehicle solutions that enable communication between vehicles, infrastructure, and pedestrians for automotive OEMs, smart city projects, and mine site safety.

HardwareIoTMobility & Transportation

PGPaul Gray(Chief Executive Officer)inRGRhys Godbee(Chief Financial Officer)BLBernd Luebben(VP of Business Development)AAAndrea Ash(VP of Marketing)inKMKash Munir(VP of Engineering)in

Co-investorsCICisco Investments

Corsearch provides brand protection investigation services that map illicit networks, identify offline production sources, and prepare enforcement-ready case files for brands facing counterfeiting, diversion, and infringement.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareLegalTechSaaSNew York, US

CybExer develops immersive testing and training environments for cybersecurity skill development and resilience building.

AI & Machine LearningCybersecurityDeep TechDefense TechEnterprise SoftwareTallinn, EE

Co-investorsSPSpecialist VC

Druid provides an enterprise conversational and agentic AI platform that automates customer interactions and critical business workflows for large organizations across healthcare, higher education, shared services, and other sectors.

AI & Machine LearningEnterprise SoftwareSaaSCambridge, US

Liviu Dan Dragan(Executive Officer, Director)DBDan Balaceanu(Founder)inAna Maria Falcuta(Executive Officer)Andreea Plesea(Executive Officer)Mihai Faur(Director)Bogdan Pietroiu(Executive Officer)

Co-investorsALAlfabeatCICipio PartnersHOHoxton VenturesTQTq Ventures Llc

Co-investorsLILightspeed Venture PartnersSTStageOne VenturesUSUS Venture Partners

Feedzai provides AI-powered fraud detection and financial crime prevention for banks and financial institutions.

AI & Machine LearningCybersecurityFintech

NSNuno Sebastião(Founder & CEO)in

Co-investors3333NARArmilar Venture PartnersBRBright Pixel CapitalDCDCVC (Data Collective)DODozen InvestmentsGUGutbrain Ventures+9 more

HYDROGRID provides an investment simulation platform for hydropower operators and developers to evaluate capital decisions including turbine upgrades, reservoir expansions, and M&A opportunities using real-time data and hourly-granularity modeling.

AI & Machine LearningEnergyEnterprise SoftwareSaaS

Co-investorsINInven CapitalSESET Ventures

DreamFold builds a protein therapeutics platform that uses AI-driven protein design, generative modelling, and high-throughput screening to develop new classes of protein drugs for diseases lacking effective treatments.

AI & Machine LearningBiotechDeep TechNew MaterialsSemiconductorsCambridge, GB

KBKerry Baldwin(Founder)inColin Humphreys(Co-founder)Simon Thomas(Co-founder & CEO)

Co-investorsENEnterprise Capital FundsGEGEIF VenturesKPKPN VenturesRARaison.4.406 VenturesALAlbum VC+7 more

Jobbatical provides an automated visa and immigration compliance platform for HR teams managing international hires across 30+ countries.

Enterprise SoftwareFuture of WorkHR Tech

KHKaroli Hindriks(Founder)in

Co-investorsINInventureMEMetaplanetTETera VenturesUNUnion Square Ventures (USV)AIAirTree VenturesTRTrind Ventures

Kiwibot develops autonomous delivery robots that operate across multiple countries and continents.

HardwareLogistics & Supply ChainRoboticsMiami, US

SPSergio Pachon(Executive Officer, Director)inAndres Felipe Chavez(Executive Officer, Director)Andres Felipe Chavez Cortes(Executive Officer, Director)EIEduardo Iniguez(Executive Officer)inJudah Longgrear(Executive Officer, Director)

BoardJoseph Huang(Director)

Co-investorsCLClub Italia Investimenti 2INInnosphere VenturesMAMAGIC FundPIPi CampusTYTYLT VenturesTHThird Sphere

Leil develops software that optimizes hard disk drive (HDD) storage performance and efficiency for enterprise data infrastructure.

Cloud ComputingData & InfrastructureEnterprise SoftwareHardwareSanta Clara, US

Co-investorsSPSpecialist VC

LinearB provides a software engineering productivity platform that gathers data from Git, project management, and other development tools to measure delivery performance, developer experience, and the impact of AI coding tools.

Boston, US

OKOri Keren(CEO & Co-Founder)inDLDan Lines(COO & Co-Founder)in

BoardGGGil Goren(Director)inDharmesh Thakker(Director)BMBrendan Moore(Director)inAriel Maislos(Director)

Co-investors8383NorthAUAurum Venture PartnersBABattery VenturesSASalesforce VenturesTRTribe CapitalTRTribe Capital Firstlook

Logz.io operates a platform for observability and monitoring, serving technology companies and enterprises that need infrastructure insights and operational intelligence.

Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaS

TTomer(Co-founder & CTO)AAsaf(Co-Founder & Vice President Product)

Co-investors8383NorthNENext47OPOpenView Venture PartnersGEGeneral Catalyst

Lucinity provides AI-powered financial crime prevention and anti-money laundering operations for financial institutions.

AI & Machine LearningEnterprise SoftwareFintechReykjavik, IS

GK(Founder and Executive Chairman)Daniel Pálmason(Chief Executive Officer and Co-Founder)inJHJohann Haraldsson(Chief Technology Officer and Co-Founder)inGKGuðmundur Kristjánsson(Executive Chairman and Founder)inGKGudmundur Kristjansson(Founder)in

Co-investorsBYbyFoundersKEKeen Venture PartnersCRCrowberry Capital

Co-investorsACAccel

Co-investorsCHChange VenturesKAKAYASPSpecialist VCSPSpring Capital

Mendix offers a low-code application platform for building, deploying, and governing enterprise applications and AI agents on top of existing systems like ERP, CRM, and OT.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSBoston, US

Roald Kruit(Co-founder)inDerek Roos(Co-founder)inDerckjan Kruit(Co-founder)inRKRaymond Kok(Chief Executive Officer)inFBFrank Baalbergen(Chief Information Security Officer)inABArno Burggraaf(Chief Information Officer)in

Co-investorsBABattery VenturesPRPrime Ventures

Mindgard provides AI security solutions that help enterprises identify, assess, and mitigate threats across AI models, agents, and applications throughout the AI lifecycle.

AI & Machine LearningCybersecurityEnterprise SoftwareBoston, US

DPDr. Peter GarraghaninJBJames Brear(CEO)inAPAaron Portnoy(Head of Research)inRSRich Smith(Offensive Security Lead)in

Co-investors.4.406 VenturesATAtlantic Bridge VenturesIQIQ CapitalOSOsney CapitalALAlbum VCLALakestar

Co-investorsKHKhosla VenturesMAManta Ray Ventures

MinIO builds AIStor, an Apache Iceberg-native object and data store for enterprise AI workloads, including AI training, inference, and data lakehouse analytics.

AI & Machine LearningData & InfrastructureEnterprise SoftwareRedwood City, US

ABAnand Babu Periasamy(Founder)inGKGarima KapoorinAnand Babu "AB" PeriasamyHarshavardhana(Founder)

Co-investorsINIntel CapitalSOSoftBank Vision FundDEDell Technologies CapitalGEGeneral CatalystNENexus Venture Partners

Pactum builds autonomous AI agents that negotiate supplier contracts and manage procurement at enterprise scale.

AI & Machine LearningEnterprise SoftwareSaaSMountain View, US

KKKristjan Korjus(Executive Officer, Director)inKKKaspar Korjus(Executive Officer, Director)inMRMartin Rand(Executive Officer, Director)in

BoardBBBen Blume(Director)inJZJosh Zelman(Director)inThies Sander(Director)

Co-investors3V3VCINInsight PartnersMAMaersk GrowthMEMetaplanetNONordicNinjaPOPortfoLion Capital Partners+3 more

Patchstack is a security platform that helps make open-source software safer.

CybersecurityDeveloper ToolsNot explicitly stated

OSOliver Sild(Founder)in

Co-investorsSPSpecialist VCTHThorgate VenturesTRTrind Ventures

Identity verification enabling companies to confirm their users' identities.

CYCharles Yeh(Founder)in

Co-investorsFIFirebolt Ventures Management Company, LlcFIFirst Round CapitalFOFounders FundINIndex VenturesINInsight PartnersBOBOND+5 more

Plumbr was an Estonian application performance monitoring company offering auto-instrumentation and real user monitoring for enterprise Java applications.

Quiq provides an AI agent platform that enables enterprises to build, customize, and deploy conversational agents across customer journey touchpoints.

AI & Machine LearningEnterprise SoftwareSaaSMontana, US

Michael A. Myer(Executive Officer, Director, Promoter)

Co-investorsBABaird CapitalFOFoundryNENext Frontier CapitalSISignal Peak VenturesTETeamworthy VenturesVEVenrock+1 more

VerifEye is a digital identity verification platform that confirms users are real humans without adding friction or compromising privacy.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaS

Co-investorsMOMolten VenturesTETera Ventures

RoundUp.org lets individuals and businesses automatically round up purchases made on eligible Visa or Mastercard cards to the next dollar and direct the spare change to any of over 1.3 million U.S. nonprofits.

FintechImpact & Social Good

Co-investorsDUDuke Capital Partners.4.406 VenturesALAlbum VCIQIQ CapitalSMSMBC Asia Rising Fund

The Shadowserver Foundation helps organizations secure their networks by detecting, stopping, and taking down malicious Internet activity, along with providing personalized support.

CybersecurityImpact & Social Good

Snyk is a developer-focused security platform that identifies and fixes vulnerabilities in code, dependencies, containers, and cloud infrastructure using AI-powered analysis.

AI & Machine LearningCybersecurityDeveloper ToolsBoston, US

GPGuy Podjarny(Director)inPMPeter McKay(Executive Officer, Director)inSDStephanie Dominy(Executive Officer)in

BoardPBPhilippe Botteri(Director)inMWMatthew Weigand(Director)inKen Fox(Director)

Co-investors202050 CapitalACAccelALAlkeon InnovationAMAmity VenturesAMAmplify PartnersATAtlassian Ventures+32 more

Starship develops autonomous robots for last-mile delivery of groceries, food, and packages to customers.

AI & Machine LearningLogistics & Supply ChainMobility & TransportationRoboticsSan Francisco, US

AHAhti Heinla(Co-founder)inJanus Friis(Co-founder)Lex Bayer(Executive Officer, Director)inMark Dyne(Director)

Co-investorsAIAir Street CapitalCOCoefficient CapitalGRGrishin RoboticsHOHOF CapitalK2K2 GlobalMEMetaplanet+6 more

Swarmia provides a software engineering intelligence platform that measures and improves developer productivity and experience for engineering teams.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of Work

OHOtto Hilska(Founder)in

Co-investorsDIDig Ventures Management LimitedLILifeline VenturesALAlven

Thought Machine builds cloud-native core banking technology designed to run in public, private, and hybrid cloud environments for banks migrating off legacy core systems.

Cloud ComputingEnterprise SoftwareFintechSaaSLondon, GB

PTPaul Taylor(Founder & CEO)in

Co-investorsLLLloyds Banking GroupAIAir Street CapitalBABackedCACambridge Angels groupIQIQ CapitalMOMolten Ventures+6 more

No evidence of a startup named Touchstroke; term refers to an academic biometric authentication technique for smartphone touch-typing.

TrademarkNow provides AI-powered trademark screening, clearance, and monitoring software for legal teams and brand owners.

AI & Machine LearningEnterprise SoftwareLegalTechSaaS

Co-investorsBABalderton CapitalLILifeline Ventures

Vision AI platform for privacy-safe human verification confirming identity, uniqueness, and demographics via facial recognition without storing documents or personal data.

Wireless Logic is a global IoT connectivity provider that helps businesses deploy, manage, and scale connected devices across cellular and satellite networks in over 25 countries, managing around 20 million connections.

CybersecurityEnterprise SoftwareIoTLogistics & Supply Chain

OTOliver Tucker(Co-Founder & CEO)inPCPhil Cole(Co-Founder)in

Co-investorsGEGeneral AtlanticMOMontaguPAPartners GroupTPTPG

Wirepas provides a connectivity platform designed for enabling long-term, large-scale deployments of connected devices across various industries and applications.

Cloud ComputingIoT

Co-investorsCUCuriosity VCHIHighland EuropeKPKPN VenturesINInventure

XM Cyber provides a continuous exposure management platform that discovers, prioritizes, and validates attack paths across on-premises and cloud environments for IT security and risk management teams.

Cloud ComputingCybersecurityEnterprise Software

BGBoaz Gorodissky(Founder)in

Co-investorsKIKickstart InnovationOIOIF VenturesOUOur Innovation FundMAMacquarie CapitalNANasdaq Ventures

Xolo provides business setup, invoicing, accounting, taxation, and compliance software for solo entrepreneurs and freelancers across multiple countries.

Enterprise SoftwareFintechFuture of WorkLegalTechSaaSTartu, EE

AMAllan Martinson(CEO)in

Co-investorsMEMetaplanetSPSpecialist VCTHThorgate VenturesVEVendep CapitalALAlmaz Capital