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-investorsINInventureINInventurePAPartech VenturesSASamsung 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(Founder)inRSRoberto Sicconi(Founder)in

BoardMRMichal Rokosz(Director)in

Board seatMUMargus Uudam· per SEC Form D

Co-investorsDRDreamit VenturesEBEBRD 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

BoardHJHampus Jakobsson(Director)in

Board seatTUTommi Uhari· per SEC Form D

Co-investorsCUCuriosity VCKOKOMPAS VCKPKPN VenturesSMSmedvig VenturesALAlmaz CapitalPAPale Blue Dot

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 VCTRTrind VenturesALAlmaz CapitalPRPractica CapitalSUSuperAngel

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(Founder)inBjoern Schwenzer(Executive Officer, Director)Bjorn Schwenzer(Founder)Dustin Deus(Founder)Stefan Avram(Founder)

Board seatTUTommi Uhari· per SEC Form D

Co-investorsASAspenwoodHUHummer Winblad Venture Partners (HWVP)

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

JAJavier Andres Cardona Mora(Founder)in

Co-investorsKAKayyak VenturesMAMatterScale VenturesTHTheVentureCity

Apollo provides a GraphQL-based API orchestration platform that unifies APIs and data sources for backend teams and frontend applications.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

GSGeoff Schmidt(Founder)inMDmatt debergalis(Chief Executive Officer and Co-Founder)inNMNick Martin(Founder)inJWJosh Wright(Founder)inMatt DeBergalis(Founder)S G(Founder)in

Co-investorsANAndreessen HorowitzDCDCVC (Data Collective)EQEQUIAMHEHeavybitINInitialized CapitalINInsight Partners+11 more

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-investorsCACapDecisif ManagementKAKaristaSYSyn Ventures Seed Management LlcTHTheVentureCityTITitanium Ventures

Censys operates an Internet-wide scanning map that provides real-time data on Internet infrastructure, delivered through a platform for exploring exposure, dependencies, and attacker infrastructure.

CybersecurityData & InfrastructureSaaSAnn Arbor, US

J. Alex Halderman(Founder)ZDZakir Durumeric(Founder)inBrad Brooks(Former CEO)David Corcoran(Founder)LGLorne Groe(Former Interim CEO; later CFO/COO)SASarah Ashburn(Chief Revenue Officer)

Co-investorsASAscension VenturesDEDecibel PartnersGRGreylock PartnersGVGV (Google Ventures)HAHamilton LaneINIntel Capital+3 more

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

Benjamin Whitelock(Founder)Simon Baggs(Founder)

Co-investorsASAstorgHIHighland Europe

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 PartnersEAEarly Game VenturesGAGapMinderHOHoxton VenturesTQTq Ventures Llc+3 more

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

AI & Machine LearningCybersecurityFintech

NSNuno Sebastião(Co-Founder, Chairman, and CEO)inPBPedro Bizarro(Founder)inNuno Sebastiao(Founder)Paulo Marques(Founder)

Co-investors3333NARArmilar Venture PartnersBOBonsai Partners SGEIC, SABRBright Pixel CapitalCOConexo VenturesDCDCVC (Data Collective)+15 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

Ingrid Cloud offers automated cloud-based computational fluid dynamics (CFD) software for high-fidelity wind simulations, allowing users to upload a 3D model and run simulations without expert knowledge.

Cloud ComputingConstruction TechSaaS

Co-investorsCRCreathor 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 VenturesINInvest-NLKPKPN VenturesRARaison.4.406 Ventures+8 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-investorsAIAirTree VenturesINInventureINInventureINInveready Technology Investment GroupLOLocalGlobeMEMetaplanet+5 more

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

HardwareLogistics & Supply ChainRoboticsMiami, US

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

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(Founder)inDLDan Lines(Founder)in

BoardGGGil Goren(Director)inDTDharmesh Thakker(Director)inBMBrendan Moore(Director)inAriel Maislos(Director)in

Co-investors8383NorthAUAurum Venture PartnersBABattery VenturesSASalesforce VenturesTRTribe Capital

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-investors8383NorthGEGeneral CatalystNENext47GRGreenspring AssociatesPIPitangoVIVintage Investment Partners

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)inGudmundur Kristjansson(Founder)

Co-investorsBYbyFoundersCRCrowberry CapitalKEKeen Venture PartnersEXExperian Ventures

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)inDRDerek 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 VenturesHEHENQ InvestHEhenQ vcPRPrime VenturesRURuna Capital

Mifundo provides a platform that helps individuals and businesses access financing and improve their credit standing by connecting them with better loan offers from lenders across Europe.

Data & InfrastructureFintechSaaS

Co-investorsEUEuropean Investment BankTETera 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)inNeeraj Suri(Founder)Peter Garraghan(Founder)

Co-investors.4.406 VenturesATAtlantic Bridge VenturesIQIQ CapitalOSOsney CapitalALAlbum VCLALakestar

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 Kapoor(Founder)inABAnand Babu "AB" PeriasamyinHarshavardhana(Founder)

Co-investorsDEDell Technologies CapitalGEGeneral CatalystINIntel CapitalSOSoftBank Vision FundNENexus Venture Partners

Michael Goldin(Founder)in

Co-investorsFOForefront VenturePEPerot Jain

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

AI & Machine LearningEnterprise SoftwareSaaSMountain View, US

KKKristjan Korjus(Founder)inKKKaspar Korjus(Founder)inMRMartin Rand(Founder)in

BoardBBBen Blume(Director)inJZJosh Zelman(Director)inTSThies Sander(Director)in

Co-investors3V3VCATAtomicoINInsight PartnersMAMaersk GrowthMEMetaplanetNONordicNinja+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 VenturesTRTrueSight VenturesG+G+D VenturesTRTrind Ventures

Identity verification enabling companies to confirm their users' identities.

CYCharles Yeh(Founder)in

Co-investorsFEFelicis VenturesFIFirebolt Ventures Management Company, LlcFIFirst Round CapitalFOFounders FundINIndex VenturesINInsight Partners+7 more

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)Mike Myer(Founder)William O'Neill(Founder)

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-investorsGLGlobal BrainMOMolten VenturesNONordicNinjaTETera VenturesDRDraper EspritNTNTT DOCOMO Ventures

RoundUp.org lets donors link a credit card to automatically round up everyday purchases to the next dollar and donate the spare change to a nonprofit of their choice.

FintechImpact & Social Good

JCJed Carlson(Founder / CEO)in

Co-investorsDUDuke Capital PartnersSISilverton 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

Sketchfab is a platform for sharing and showcasing 3D models and artwork.

ConsumerCreator EconomyMedia & EntertainmentNew York City, US

CPCédric Pinson(Founder)inADAlban Denoyel(Founder)inPPPierre-Antoine Passet(Founder)in

BoardMTMatt Turck(Director)inJWJames Wise(Director)in

Co-investorsBABalderton CapitalFIFirstMark CapitalKIKima VenturesPAPartech VenturesTETechstars1010x Founders

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(Founder)inPMPeter McKay(Executive Officer, Director)inSDStephanie Dominy(Executive Officer)inAssaf Hefetz(Founder)Danny Grander(Founder)Peter McKay (CEO)(Founder)

Co-investors202050 CapitalACAccelALAlkeon InnovationAMAmity VenturesAMAmplify PartnersATAtlassian Ventures+44 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(Founder)inJanus Friis(Founder)LBLex Bayer(Executive Officer, Director)inMDMark Dyne(Director)

Co-investorsAIAir Street CapitalCOCoefficient CapitalGOGoodyear VenturesGRGrishin RoboticsHOHOF CapitalK2K2 Global+18 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)in

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

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

AI & Machine LearningEnterprise SoftwareLegalTechSaaS

Co-investorsBABalderton CapitalLILifeline Ventures

Unicorn Biotechnologies builds general-purpose cell culture robots that automate and standardize cell culture workflows, aimed at helping teams scale processes from R&D through pilot and commercial manufacturing.

BiotechHardwareRoboticsLondon, GB

JRJack Reid(President)inAGAdam Glen(CEO)in

Co-investorsALAlumni VenturesENEntrepreneur FirstJUJuniperUNUnruly CapitalALAlmaz CapitalCUCult Food Science+4 more

Wingback provides a platform for B2B SaaS companies to manage monetization, pricing, packaging, and invoicing.

Data & InfrastructureEnterprise SoftwareFintechSaaSSan Francisco, US

TFTorben Friehe(Founder)inYLYANN LERETAILLE(Director)in

Co-investors4242CAPY Y CombinatorBUBuilders VCONOn DeckUNUnpopular Ventures

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 AtlanticMOMontaguCVCVCPAPartners GroupTPTPG

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

Cloud ComputingIoT

Jussi Numminen(Founder)Teppo Hemiä(Founder)

Co-investorsCUCuriosity VCHIHighland EuropeINIn-Q-TelINInventureKPKPN VenturesINInventure+1 more

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