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)HENRI SAMUEL VAHAKAINU(Director)KRISTIAN SEGERSTRALE(Director)MARKO SAKARI LEHTIMAKI(Executive Officer, Director)

BoardPatrik Olof Backman(Director)in

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

Co-investorsOpenOcean

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

Laszlo Virag(Director)Jozsef Kovacs(Executive Officer, Director)Endre Attila Sagi(Director)Csaba Kakosy(Director)

Board seatTommi Uhari· per SEC Form D

Co-investorsInventureSamsung Catalyst FundCredo VenturesQualcomm 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

Piotr Orzechowski(CEO)inRoberto Sicconi(Founder)

BoardMichal Rokosz(Director)

Board seatMargus Uudam· per SEC Form D

Co-investorsEBRD Venture Capital Investment ProgrammeHeal CapitalInovo VCUnfold 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

Nils Mattisson(Co-founder)Fredrik AhlbergMartin LööfMarcus LjungbladNils Erik Mattisson(Founder)

BoardHampus Jakobsson(Director)

Board seatTommi Uhari· per SEC Form D

Co-investorsCuriosity VCKOMPAS VCKPN VenturesAlmaz 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 seatKristjan 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

Martins PopelisHelmuts BemsInguna Kronberga(Executive Officer)

BoardGeoffrey Baehr(Director)

Board seatKristjan Laanemaa· per SEC Form D

Co-investorsPerot JainSpecialist VCAlmaz CapitalPractica CapitalSuperAngelTrind 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

Jens Neuse(Executive Officer, Director)Bjoern Schwenzer(Executive Officer, Director)

BoardSteve Kishi(Director)

Board seatTommi Uhari· per SEC Form D

Co-investorsAspenwood

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-investorsKayyak VenturesMatterScale VenturesTheVentureCity

Lexington, US

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

BoardMichael Tzannes(Executive Officer, Director)

Co-investorsEQUIAMInsight PartnersMatrixSpider 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

Luigi Lenguito(Chief Executive Officer)inLuciano Allegro(Chief Automation Officer)inSebastian Cesario(Chief Technology Officer)in

Co-investorsKaristaSyn Ventures Seed Management LlcTheVentureCityTitanium VenturesSYN 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

Marius Kalytis(Founder)in

Co-investorsEvli Growth PartnersIntel CapitalPractica 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

Paul Gray(Chief Executive Officer)Rhys Godbee(Chief Financial Officer)Bernd Luebben(VP of Business Development)Andrea Ash(VP of Marketing)Kash Munir(VP of Engineering)

Co-investorsCisco 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-investorsSpecialist 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

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

Co-investorsAlfabeatCipio PartnersHoxton VenturesTq Ventures Llc

Co-investorsLightspeed Venture PartnersUS Venture Partners

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

AI & Machine LearningCybersecurityFintech

Nuno Sebastião(Founder & CEO)in

Co-investors33NArmilar Venture PartnersBright Pixel CapitalDCVC (Data Collective)Dozen InvestmentsGutbrain 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-investorsInven CapitalSET Ventures

IQ Capital is a European venture capital firm focused on deep tech, investing in founders building frontier technologies across areas such as intelligence, energy, computation, and biology.

Deep Tech

Kerry Baldwin(Founder)in

Co-investorsEnterprise Capital FundsGEIF VenturesKPN VenturesRaison.406 VenturesAlbum 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

Karoli Hindriks(Founder)in

Co-investorsInventureMetaplanetTera VenturesUnion Square Ventures (USV)AirTree VenturesTrind Ventures

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

HardwareLogistics & Supply ChainRoboticsMiami, US

Sergio Pachon(Executive Officer, Director)Andres Felipe Chavez(Executive Officer, Director)Andres Felipe Chavez Cortes(Executive Officer, Director)Eduardo Iniguez(Executive Officer)Judah Longgrear(Executive Officer, Director)

BoardJoseph Huang(Director)

Co-investorsClub Italia Investimenti 2Innosphere VenturesPi CampusTYLT VenturesMAGIC FundThird 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-investorsSpecialist VC

Boston, US

Ori Keren(Executive Officer, Director)Dan Lines(Executive Officer, Director)in

BoardGil Goren(Director)inDharmesh Thakker(Director)Brendan Moore(Director)inAriel Maislos(Director)

Co-investors83NorthAurum Venture PartnersBattery VenturesSalesforce VenturesTribe CapitalTribe 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

Tomer(Co-founder & CTO)Asaf(Co-Founder & Vice President Product)

Co-investors83NorthNext47OpenView Venture PartnersGeneral 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)inJohann Haraldsson(Chief Technology Officer and Co-Founder)inGuðmundur Kristjánsson(Executive Chairman and Founder)inGudmundur Kristjansson(Founder)

Co-investorsKeen Venture PartnersbyFoundersCrowberry Capital

Co-investorsAccel

Co-investorsChange VenturesKAYASpecialist VCSpring 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)Derek Roos(Co-founder)Derckjan Kruit(Co-founder)Raymond Kok(Chief Executive Officer)Frank Baalbergen(Chief Information Security Officer)Arno Burggraaf(Chief Information Officer)

Co-investorsBattery VenturesPrime 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

Dr. Peter GarraghaninJames Brear(CEO)inAaron Portnoy(Head of Research)inRich Smith(Offensive Security Lead)in

Co-investors.406 VenturesAtlantic Bridge VenturesIQ CapitalOsney CapitalAlbum VCLakestar

Co-investorsKhosla VenturesManta 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

Anand Babu Periasamy(Founder)inGarima KapoorAnand Babu "AB" PeriasamyHarshavardhana(Founder)

Co-investorsIntel CapitalSoftBank Vision FundGeneral CatalystNexus Venture Partners

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

AI & Machine LearningEnterprise SoftwareSaaSMountain View, US

Kristjan Korjus(Executive Officer, Director)inKaspar Korjus(Executive Officer, Director)inMartin Rand(Executive Officer, Director)

BoardBen Blume(Director)inJosh Zelman(Director)inThies Sander(Director)

Co-investors3VCInsight PartnersMaersk GrowthMetaplanetNordicNinjaPortfoLion Capital Partners+3 more

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

CybersecurityDeveloper ToolsNot explicitly stated

Oliver Sild(Founder)in

Co-investorsSpecialist VCThorgate VenturesTrind Ventures

Identity verification enabling companies to confirm their users' identities.

Charles Yeh(Founder)in

Co-investorsFirebolt Ventures Management Company, LlcFirst Round CapitalFounders FundIndex VenturesInsight PartnersBOND+5 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)

Co-investorsFoundryNext Frontier CapitalSignal Peak VenturesTeamworthy VenturesVenrock

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

AI & Machine LearningCybersecurityEnterprise SoftwareSaaS

Co-investorsMolten VenturesTera Ventures

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

Guy Podjarny(Director)Peter McKay(Executive Officer, Director)inStephanie Dominy(Executive Officer)

BoardPhilippe Botteri(Director)inMatthew Weigand(Director)inKen Fox(Director)

Co-investors2050 CapitalAccelAlkeon InnovationAmity VenturesAmplify PartnersAtlassian Ventures+19 more

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

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

Ahti Heinla(Co-founder)inJanus Friis(Co-founder)Lex Bayer(Executive Officer, Director)Mark Dyne(Director)

Co-investorsAir Street CapitalCoefficient CapitalGrishin RoboticsHOF CapitalK2 GlobalMetaplanet+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

Otto Hilska(Founder)in

Co-investorsDig Ventures Management LimitedLifeline VenturesAlven

Thought Machine builds the Vault platform, core banking software that lets banks build and run financial products and payment schemes.

Enterprise SoftwareFintechSaaSLondon, GB

Paul Taylor(Founder & CEO)

Co-investorsLloyds Banking GroupAir Street CapitalBackedCambridge Angels groupMolten VenturesNyca+6 more

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

AI & Machine LearningEnterprise SoftwareLegalTechSaaS

Co-investorsBalderton CapitalLifeline 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

Oliver Tucker(Co-Founder & CEO)inPhil Cole(Co-Founder)

Co-investorsGeneral AtlanticMontaguPartners GroupTPG

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

Cloud ComputingIoT

Co-investorsCuriosity VCHighland EuropeKPN VenturesInventure

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

Boaz Gorodissky(Founder)in

Co-investorsKickstart InnovationOIF VenturesOur Innovation Fund

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

Enterprise SoftwareFintechFuture of WorkLegalTechSaaSTartu, EE

Allan Martinson(CEO)

Co-investorsMetaplanetSpecialist VCThorgate VenturesVendep CapitalAlmaz Capital