Linden Capital
Venture capitalChicago · Pre-Seed–Series A · 2 people tracked
Also known as Linden Manager Llc
Find your way into Linden Capital
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.
Team · 2 people
from public directoriesWhat they invest in
from 31 of 35 portfolio companiesAI & Machine Learning ×21SaaS ×9Enterprise Software ×8Deep Tech ×7Hardware ×5Advanced Manufacturing ×4Consumer ×4Fintech ×3
HQs:Germany×16United States×4Switzerland×1Japan×1
Who they back
founder profiles across 13 portfolio companiesFounding team size:solo founder×42 founders×73 founders×2
Where their founders studiedfrom 19 founders with education data
Technical University of Munich ×5Center for Digital Technology and Management (CDTM) ×3Stanford University ×3Karlsruhe Institute of Technology (KIT) ×2Ludwig-Maximilians-Universität München ×2RWTH Aachen University ×2
What their founders studiedfrom 17 founders with field-of-study data
Engineering ×7Business & Management ×6Computer Science ×4Medicine ×2
Where their founders worked beforefrom 19 founders with career history
AUDI AG ×3Harvard Business School ×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
Cobrainer offers an AI platform that generates and manages job and skill architectures for enterprises, mapping existing job profiles and role descriptions into structured families, roles, levels, and skill profiles built on a patented Skills Graph.
AI & Machine LearningHR TechSaaS
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)inPhilipp Eschenbach(Co-Founder)in
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)inMuhammad Kezze(Founder)in
Gixel develops advanced display technology designed to be highly efficient and compact, intended to power augmented reality glasses and full AR systems.
AI & Machine LearningDeep TechHardwareMunich, DE
Ding Luo(Founder)inFelix Nienstaedt(Founder)in
Co-investorsLEA Partners
Hoshii builds an AI-powered workspace with an "AI Coworker" that connects to ERP systems to automate manual, repetitive tasks for businesses handling goods movement.
AI & Machine LearningEnterprise SoftwareSaaSZurich, CH
Co-investorsMerantix Capital
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)in
Co-investorsAngel InvestBerliner Volksbank VenturesCherry VenturesRedstoneTane Fund
Koawach produces organic, fair-trade certified cocoa powder blends designed as coffee alternatives, with their "Pur" variant combining low-fat cocoa and guarana for natural caffeine content.
ConsumerDirect to ConsumerE-commerceFoodTechWellness & Fitness
Koyo Bear produces apparel and merchandise, including t-shirts and other wear that celebrate Japanese table tennis history and the legendary Seitakukai club.
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 CapitalBoost VCLiberty City VenturesXBTO
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
Dr.-Ing. Jannis Köhler(CPO & Co-founder)inAlexander Kanitz(CTO & Co-founder)inAlexander Igelmann(CEO & Co-founder)inJannis Koehler(Executive Officer)Jan Hoppius(CDO & Co-founder)in
BoardThorsten Reuter(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 CapitalPeakRobert Wood Johnson Foundation
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)in
Co-investorsAnthemis VentureCommerzVenturesCrane Venture PartnersLa FamigliaMMC VenturesTarget Global+1 more
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-investorsAPEX VenturesEntrepreneur FirstIT-Farm CorporationMomenta VenturesRunwayFBU
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-investorsTechstarsConscious VenturePegasus Tech Ventures
Stickerstars creates collectible sticker experiences and sticker albums for clubs, companies, retailers, and private occasions.
ConsumerMedia & EntertainmentNordrhein-Westfalen, DE
Supertab builds payment infrastructure that lets users and AI agents access content and services first and pay later, aggregating small purchases into a single "tab" with deferred settlement.
AI & Machine LearningData & InfrastructureFintechSaaS
Cosmin Ene(Founder)in
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)inMalte 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)inBogdan Djukic(Co-Founder, VP Engineering & Remote Driving Experience)in
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)inFlorian Hillen(Founder)in
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
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
JovotoLeegleNext Mobility Labs
Exits · 2
2 acquisitions · showing 1Libraacq. by Wolters Kluwer
Portfolio news
latest coverage across their companies
Libra · kalkine.ca · Sep 4, 2026
Merantix · eu-startups.com · Aug 18, 2026
Almetra · aipressroom.com · Jun 26, 2026
Inxm · aipressroom.com · Jun 6, 2026
Gixel · arabfounders.net · Aug 1, 2025
Lidrotec · trysignalbase.com · Jun 26, 2025
VideaHealth · videa.ai · May 5, 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, 2 of which have exited, including 1 dated in the last 24 months.
- 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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