Linden Capital
Venture capitalChicago · Pre-Seed–Series A
Also known as Linden Manager Llc
Investment thesis
Linden Capital focuses on early-stage venture investments in next-generation artificial intelligence and cyber-physical (deep tech) solutions positioned at the intersection of cutting-edge research, creativity, and engineering. Its investment philosophy centers on backing exceptional founders tackling complex, original problems, integrating deep technological knowledge with business-model innovation. Leveraging a global network of entrepreneurs, industry experts, and research institutions, the firm aims to help portfolio companies achieve outsized business and societal impact. Alongside venture capital, Linden Capital operates an AI and deep tech investment banking boutique offering capital raising, M&A, financial advisory, and specialized transactions, plus a strategy consulting practice grounded in technology foresight and design thinking.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 30 of 35 portfolio companiesAI & Machine Learning ×20Enterprise Software ×8SaaS ×8Deep Tech ×7Hardware ×5Advanced Manufacturing ×4Consumer ×3Fintech ×3
HQs:Germany×15United States×4Switzerland×1Japan×1
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×32 founders×53 founders×2
Investments · 35 tracked
founders shown can be your intro pathAlmetra builds AI for manufacturing by combining computer vision, sensor data, and manufacturing expertise to help industrial teams understand production processes, identify bottlenecks, and improve operations.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareRoboticsBerlin, DE
Co-investorsCritical VenturesNAPUnderline VenturesBlisceMerantix CapitalRobin Capital
Circunomics operates a B2B marketplace and predictive analytics platform for second-life and used batteries, matching supply and demand across battery lifecycle stages.
B2B MarketplacesCircular EconomyEnergyMainz, DE
Co-investorsGET Fund
Culcha offers a digital tool that helps companies modernize leadership behavior and team collaboration in measurable ways, combining didactics, expert knowledge, psychology and neuroscience in an approach it calls "TransformTech." It serves organizations undergoing digital transformation and change, supporting the broad rollout of strategy across teams.
AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechSaaSBerlin, DE
Katja Nettesheim(Founder)Philipp Eschenbach(Co-Founder)
Daisytuner offers a compiler and optimization platform with developer tools that compile applications written in PyTorch, NumPy, or C/C++ into a single native artifact and retarget them across CPUs, GPUs, RISC-V accelerators, and photonic processors without code rewrites.
AI & Machine LearningDeep TechDeveloper Tools
Co-investorsLEA Partners
Dirigent develops AI-powered operational infrastructure designed to help defend open societies against narrative manipulation and information warfare.
AI & Machine LearningDefense TechGovTech
Footprint Tech offers a free smartphone-based tool that measures users' feet and compares the results against a database of over 100,000 measurements to determine whether their feet are narrow, normal, or wide.
AI & Machine LearningConsumerE-commerceRetail TechBerlin</hq_country> <parameter name="hq_country">DE, DE
Dr. Matthias Brendel(CEO & Co-Founder)Muhammad Kezze(Founder)
Gixel develops a display technology for AI and AR glasses, using a novel architecture designed to work with low-cost microOLED light engines instead of waveguides.
AI & Machine LearningDeep TechHardware
Co-investorsLEA Partners
INXM builds Orchestrator, an enterprise process execution engine that uses compiled AI to coordinate work across agents, automation systems, and existing enterprise tools like ERP and workflow platforms.
AI & Machine LearningEnterprise SoftwareSaaSSchönefeld, DE
Kamil Klueber(Founder)
Co-investorsAngel InvestBerliner Volksbank VenturesRedstoneTane Fund
Koawach sells caffeinated cocoa drinking powders made with guarana, marketed as a coffee alternative, along with related products such as matcha, milkshake powders, smoothie bowls, lemonades and snack bites.
Direct to ConsumerE-commerceFoodTech
Koyo Bear makes handmade, vulcanized table tennis and athletic footwear produced in small batches using traditional Japanese manufacturing methods.
ConsumerDirect to ConsumerSports TechKobe, JP
Libra is an AI workspace for legal teams and law firms, providing tools to support legal workflows.
AI & Machine LearningEnterprise SoftwareLegalTechSaaS
Co-investorsMerantix Capital
Lidrotec manufactures laser dicing machines for cutting microchips and wafers with precision and minimal damage using controlled liquid cooling and particle binding technology.
Advanced ManufacturingHardwareSemiconductorsBochum, DE
Alexander Kanitz(Executive Officer, Director)Alexander Igelmann(Executive Officer, Director)Jannis Koehler(Executive Officer)Jan Hoppius(Executive Officer)
BoardThorsten Reuter(Director)Ashok Rao(Director)
Co-investorsLam CapitalOnsight Ventures
Develops ultrafast photonic information technologies designed to enable sustainable scaling of artificial intelligence systems.
AI & Machine LearningDeep TechHardware
Merantix is a Europe-focused group that invests in, builds, and connects artificial intelligence companies and ventures.
AI & Machine LearningDeep Tech
Adrian Locher(Founder)in
Co-investorsAsgard - human Capital for AIBLN CapitalPeak
omni:us provides AI products for insurers that automate claims processing end-to-end, from first notice of loss to settlement, along with a co-pilot for adjusters, leakage reduction, and a tool to train custom insurance models.
AI & Machine LearningInsurTechSaaSBerlin, DE
Martin Micko(Founder)
Co-investorsAnthemis VentureCommerzVenturesCrane Venture PartnersLa FamigliaMMC VenturesTarget Global
Phantasma Labs builds industrial-grade AI software using Reinforcement Learning to create models without large datasets, applying simulations to areas such as production planning for factories and navigation for autonomous vehicles.
Advanced ManufacturingAI & Machine LearningDeep TechMobility & TransportationBerlin, DE
Rama Nanjundaiah(CEO)inMaria Meier(CTO)in
Co-investorsEntrepreneur FirstIT-Farm CorporationMomenta Ventures
Sheeva.AI builds transaction infrastructure for connected vehicles, enabling drivers to discover, authenticate, and pay for services such as parking, fuel, and charging directly from their vehicle.
FintechIoTMobility & TransportationSaaSAlexandria, US
Co-investorsTechstarsPegasus Tech Ventures
Stickerstars creates collectible sticker experiences and sticker albums for clubs, companies, retailers, and private occasions.
ConsumerMedia & EntertainmentNordrhein-Westfalen, DE
Tensordyne builds AI hardware, chips, and software systems optimized for efficient inference at reduced energy and computational cost.
AI & Machine LearningDeep TechHardwareSunnyvale, US
RK Anand(Co-founder and Chief Product Officer)inGilles Backhus(Co-Founder, VP of AI & Product)inR K Anand(Founder)inMarc Bolitho(CEO)in
Co-investorsBosch VenturesDns CapitalGreatPoint VenturesIneffable VenturesMayfield FundRobert Bosch Venture Capital+1 more
theion develops lithium-sulfur battery technology for clean energy applications.
CleantechDeep TechEnergy
Co-investorsEnpalTeam Global
Timeless Investments offers a platform for investing in fractional shares of collectible assets.
FintechBerlin, DE
Jan Karnath(Founder)Malte Häusler(Founder)in
Co-investorsEQT VenturesPorsche Ventures
Triple AI integrates artificial intelligence directly into existing enterprise software tools to automate repetitive manual work without requiring new systems or training.
AI & Machine LearningEnterprise SoftwareSaaS
Vay develops remote driving technology that lets a human operator drive a vehicle from a distance without anyone inside, enabling services such as car sharing, fleet logistics, last-mile delivery, and public transport.
AI & Machine LearningLogistics & Supply ChainMobility & TransportationRoboticsLas Vegas, US
Thomas von der Ohe(Co-Founder & CEO)inFabrizio Scelsi(Co-Founder & CTO)Bogdan Djukic(Co-Founder, VP Engineering & Remote Driving Experience)
Co-investorsAtomicoCreandumEurazeoGrabInovia CapitalKinnevik+5 more
Videa builds AI tools for dental clinicians to help identify, document, and communicate care while reducing operational burden in dental practices.
AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechCambridge, US
Robert Gaudin(Executive Officer, Director, Promoter)Florian Hillen(Founder)
Co-investorsAvenir Growth CapitalPillar VCThreshold VenturesSpark CapitalZetta Venture Partners
VisiMatch is a data matching platform that identifies optimal follow-up orders and available capacity within defined networks of individuals or companies, primarily for shipping and maritime operations.
B2B MarketplacesData & InfrastructureLogistics & Supply Chain
Whistle Robotics develops task-specific robots for small and medium-sized manufacturers, starting with CNC machine tending automation.
Advanced ManufacturingHardwareRobotics
Co-investorsPlayfair Capital
Portfolio news
latest coverage across their companiesMerantix · eu-startups.com · Aug 18, 2026
Almetra · aipressroom.com · Jun 26, 2026
Gixel · arabfounders.net · Aug 1, 2025
Fund performance · per public LP disclosures · 4
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Linden Capital Partners V LPLPs: Sacramento County Employees' Retirement System, Kern County Employees' Retirement Association | 2022 | — | 8.0% | 1.17x | 0.00x |
| Linden Co-Investment V LPLPs: Kern County Employees' Retirement Association | 2022 | — | 18.5% | 1.07x | 0.01x |
| Linden Capital Partners IV LPLPs: Sacramento County Employees' Retirement System | 2018 | — | 26.6% | 2.08x | 1.05x |
| Linden Capital Partners IIILPs: Sacramento County Employees' Retirement System | 2016 | — | 26.4% | 2.31x | 1.85x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Linden Capital made?
- Linden Capital has 35 tracked investments.
- What stage does Linden Capital invest at?
- Linden Capital invests at the Pre-Seed, Seed, Series A stages.
- What sectors does Linden Capital focus on?
- Linden Capital focuses on AI & Machine Learning, Cybersecurity, Deep Tech, Hardware, Medical Devices, New Materials, Robotics, Semiconductors.
- Where is Linden Capital located?
- Linden Capital is headquartered in Chicago, DE.
- Who does Linden Capital co-invest with?
- Linden Capital most often shares deals with LEA Partners, Entrepreneur First, Mayfield Fund, among 38 tracked co-investors.
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