Berlin · Pre-Seed–Seed · 14 people tracked
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Investment thesis
NAP invests at the earliest stages, backing companies at pre-seed or seed. Its portfolio spans European AI infrastructure, privacy/consent technology, and construction software, reflecting a broad, opportunistic approach to backing ambitious founders. The firm also runs media and community initiatives — a podcast (Big Bets on Cheap Chairs), a Substack (NAP Log), and Automate VC, a community exploring the future of venture work — and has built a proprietary sourcing tool aimed at identifying high-potential 'unicorns and dragons.'
Source: firm website, verified Aug 3, 2026.
Team · 14 people
from the firm's website & curated & public directoriesFounder mafia
The NAP mafia →6 people who came through NAP went on to found or lead other companies.
What they invest in
from 37 of 44 portfolio companiesAI & Machine Learning ×26SaaS ×20Enterprise Software ×18Data & Infrastructure ×6Developer Tools ×5Fintech ×5Advanced Manufacturing ×3AgTech ×3
HQs:Germany×11United Kingdom×6United States×4Ireland×2Austria×1Belgium×1
Who they back
founder profiles across 21 portfolio companiesFounding team size:solo founder×72 founders×63 founders×64+ founders×2
Where their founders studiedfrom 28 founders with education data
Technical University of Munich ×4Technische Universität Wien ×4KTH Royal Institute of Technology ×2KU Leuven ×2
What their founders studiedfrom 25 founders with field-of-study data
Computer Science ×9Business & Management ×6Engineering ×6Economics ×3Finance & Accounting ×2
Where their founders worked beforefrom 26 founders with career history
BMW Group ×2Qriously ×2
Accelerator rootsportfolio companies that came through a program
3 founders hold a PhD · 1 hold an MBA (of 27 with degree data)
Investments · 44 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 14 dated
Companion.energy provides a software platform that connects, models, and automates enterprise energy operations and procurement for large companies.
AI & Machine LearningEnergyEnterprise SoftwareSaaS
Jonas Verstraeten(Founder)inThomas Vyncke(Founder)in
Co-investorsCavalry VenturesEntourage Venturesimec.istartRealyze VenturesÜbermorgen VenturesCaduceus Capital Partners
3TS Capital is a technology-focused investment firm that leads and co-leads growth rounds in high-growth SMEs, backing proven regional leaders and innovative global challengers.
Sector Agnostic
Co-investorsCatalyst RomaniaCisco InvestmentsTesi (Finnish Industry Investment Ltd)Burda Principal InvestmentsGrazia Equity GmbHSingular+1 more
Aleph Alpha develops specialized language models and AI solutions for enterprise and public sector organizations in Europe, prioritizing data sovereignty, regulatory compliance, and domain-specific customization on European infrastructure.
AI & Machine LearningDeep TechEnterprise SoftwareHeidelberg, DE
Samuel Weinbach(Founder)inIlhan Scheer(Co-Chief Executive Officer)inReto Spörri(Co-Chief Executive Officer)inJonas Andrulis(Founder)Jonas Andrulis Samuel Weinbach(Founder)
Co-investorsBosch VenturesBurda Principal InvestmentsCavalry VenturesD11ZEarlybird DWES Management GmbH & Co. KGEarlybird Venture Capital+7 more
Almetra (rebranded as Deltia) builds AI-powered analytics and monitoring systems for manufacturing operations, combining computer vision and sensor data to help factories identify bottlenecks and improve productivity.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareBerlin, DE
Max Fischer(Co-founder and CEO)in
Co-investorsCavalry VenturesCombination VCRobin Capitalsandstorm.vcTranspose Platform ManagementUnderline Ventures+3 more
Almetra 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 VenturesLinden CapitalUnderline VenturesBlisceMerantix CapitalRobin Capital
AMPECO provides a software platform that enables retail companies to deploy and manage EV charging stations in their locations, attracting customers and generating revenue while integrating with existing retail systems.
AI & Machine LearningClimate TechEnergyRetail TechSaaS
Orlin Radev(Chief Executive Officer)inStefan Ivanov(Chief Revenue Officer)inAlexander Alexiev(Chief Technical Officer)in
Co-investorsBMW i VenturesCavalry VenturesLauncHub VenturesLAUNCHub Ventures
beSirius builds AI software to consolidate and streamline evidence collection and management for metals and minerals supply chains, serving mining, trading, refining and manufacturing operations across certification, supplier due diligence, and customer assessment workflows.
AgTechAI & Machine LearningEnterprise SoftwareImpact & Social GoodSaaS
Co-investorsBlackWood Ventures
Charm is a payments and savings app that enables users to send money across different platforms (Venmo, Cash App, Zelle) through a unified interface, with funds earning interest when held in the app.
ConsumerCrypto & Web3FintechSocialNew York City, US
Gray Newfield(Founder)inNoah Newfield(Founder)inChristian Rocha(Founder)Toby Padilla(Founder)
Co-investorsPioneerY Combinator468 CapitalCavalry VenturesF-Prime CapitalFirestreak Ventures+7 more
Charm builds open-source tools and libraries for creating user interfaces and applications in the terminal, including command-line interface frameworks, markdown readers, and components for developers.
Developer Tools
Co-investorsBetaworksCavalry VenturesGradient VenturesLowercarbon CapitalMotive ForceF-Prime Capital+5 more
Clarisights is a reporting platform that helps marketing teams access and explore performance data without SQL or manual spreadsheets.
Data & InfrastructureMarketing TechSaaSPalo Alto, US
Ankur Gupta(Founder)inArun Srinivasan(Founder)Ashu Pachauri(Founder)
Co-investorsAngel InvestBetter CapitalCavalry VenturesFirestartrOMERS VenturesPeak XV Partners+3 more
German multinational online food ordering and delivery company (DHER.DE).
Berlin, DE
Nikita Fahrenholz(Founder)Niklas Östberg(Founder)inKolja Hebenstreit(Founder)Lukasz Gadowski(Founder)Markus Fuhrmann(Founder)
Co-investorsAlpha Wave GlobalAsgard - human Capital for AICathay InnovationExpon CapitalFJ LabsGerman Startups Group+20 more
Distil Labs provides a platform that turns production LLM traces into custom small language models (SLMs) deployed behind an OpenAI-compatible endpoint, aimed at cutting inference costs while matching frontier-model accuracy.
AI & Machine LearningDeveloper ToolsSaaS
Co-investorsProject A Ventures
Empion provides AI-powered talent matching and recruitment services that align candidates with organizations based on personality, skills, and cultural fit.
AI & Machine LearningEnterprise SoftwareHR Tech
Dr. Annika von Mutius(Founder)in
Co-investorsBasinghall PartnersBerliner Volksbank VenturesCavalry VenturesQuint VenturesRedstoneTane Fund+1 more
Enzai builds an AI governance and compliance platform that helps enterprises manage, monitor, and audit AI systems while scaling deployment responsibly.
AI & Machine LearningEnterprise SoftwareGovTechBelfast, GB
Jack Carlisle(Founder)Ryan Donnelly(Founder)
Co-investorsCavalry VenturesTechstart Ventures
Flip operates a mobile marketplace where users buy and sell rare and limited-edition sneakers from verified sellers, with transactions completed within 90 minutes.
ConsumerDirect to ConsumerMarketplacesLos Angeles, US
Kemar Newell(CEO)inBenedikt Brand(Founder)Benedikt Ilg(Founder)Giacomo Kenner(Founder)Ginanjar Ibnu Solikhin(Founder)Jonathan Ellman(Founder)
Co-investorsBase Venture Management, Inc.Y CombinatorAgrolimen VenturesAnsa CapitalBlack Jays VenturesCavalry Ventures+7 more
Flip builds a digital operating system app designed to engage and manage deskless workers in their digital transformation.
Enterprise SoftwareFuture of WorkHR TechSaaSBerlin, DE
Co-investorsCavalry VenturesLEA PartnersLool VenturesNotion CapitalHV Capital
Forto is a freight forwarding and logistics platform that manages international cargo transportation for enterprise brands.
Logistics & Supply Chain
Michael Wax(Founder)inErik Muttersbach(Founder)inFabian Heilemann(Founder)Ferry Heilemann(Founder)
Co-investorsCavalry VenturesCherry VenturesG SquaredGeneral CatalystInven CapitalIris Capital+11 more
FortoLabs is Forto's AI-native SaaS platform offering agentic AI tools for the logistics industry, with solutions tested in high-volume logistics operations.
AI & Machine LearningLogistics & Supply ChainSaaS
Tamer Cagatay(Director, Head of FortoLabs)
Co-investorsA.P. Moller HoldingCherry VenturesCiti VenturesDisruptiveG SquaredH14+4 more
Grand operates an intelligence engine that turns UK business data — from Companies House, court records, Gazette notices, and connected banking/accounting sources — into credit checks, risk of failure estimates, credit capacity limits, and continuous monitoring.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechSaaS
Dave Brown(Founder)Eamon Doyle(Founder)Kirk Donohoe(Founder)
Co-investors20VC
Spread is a mobile social app that verifies users are human to unlock access to articles and media from top publications.
Co-investorsGFR FundCavalry VenturesDTCP
Kinnu is a learning platform that uses product design and technology to enable people to learn across various subjects.
AI & Machine LearningEdTechLondon, GB
Christopher Kahler(Founder)inHanna Celina(Founder)inAbraham Müller(Founder)in
Co-investorsLocalGlobeCavalry VenturesJigsaw VCSpark Capital
Loctax is an AI-assisted tax research platform that combines verified tax intelligence from IBFD with company data to provide jurisdiction-specific answers on corporate tax, transfer pricing, withholding tax, and other compliance issues.
AI & Machine LearningEnterprise SoftwareLegalTech
Bart Van Rompaye(Founder)Yannick Kestemont(Founder)
Co-investors3cubed VenturesCavalry VenturesEntourage VenturesIndex VenturesMSMTapestry VC+1 more
Mangopay provides flexible wallet infrastructure and payment solutions for online platforms and marketplaces to manage global money movement.
FintechMarketplacesSaaS
Co-investorsAdvent InternationalExpeditions
Nory develops a restaurant management system powered by AI assistants that helps multi-unit restaurant operators control prime costs and improve profitability.
AI & Machine LearningEnterprise SoftwareSaaSLondon, GB
Conor Sheridan(Founder)
Co-investorsAccelCavalry VenturesKinnevikPlayfair CapitalSamaipata
Oblivious builds privacy-enhancing software that enables organizations to perform secure data collaboration and deploy services while maintaining data sensitivity.
AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareDublin, IE
Jack Fitzsimons(Co-founder)Robert Pisarczyk(Co-founder)in
Co-investorsAct Venture CapitalACT Venture CapitalAcurio VenturesAtlantic Bridge VenturesCavalry VenturesExpeditions+2 more
PlanRadar provides construction project management software with integrated AI that analyzes project data recorded by teams.
AI & Machine LearningConstruction TechVienna, AT
Sander van de Rijdt(Founder)inClemens Hammerl(Founder)Ibrahim Imam(Founder)inConstantin Köck(CTO, Co-Founder)inDomagoj Dolinsek(Founder)inConstantin Koeck(Founder)
Co-investorsaws GründungsfondsBerliner Volksbank VenturesCavalry VenturesGR CapitalInsight PartnersLoric Ventures+5 more
REKKI provides software solutions for wholesale food suppliers to streamline operations and integrate with their existing systems.
AI & Machine LearningEnterprise SoftwareFoodTechSaaSLondon, GB
Ronen Givon(Founder)inOrat Benyamini(Founder)inNoam Givon(Founder)inBorislav Nikolov(Chief Technology Officer)in
Co-investorsAtomicoCavalry VenturesCherry VenturesCreandumLocalGlobePhoenix Court+4 more
Sera develops an AI-powered knowledge management system that captures lead growers' expertise, standard operating procedures, and site-specific protocols into an interactive knowledge base for commercial greenhouse operations.
AgTechAI & Machine LearningData & InfrastructureEnterprise SoftwareIoTZürich, CH
Sergio Rannula(Founder)inCristian Anastasiu(Founder)inWilliam McGehee(Founder)in
Co-investorsCavalry VenturesUnderline Ventures
beSirius provides AI-powered due diligence automation for the critical minerals supply chain, serving global mining producers, traders, and refiners to replace manual compliance processes with intelligent supplier and counterparty risk assessment.
AgTechAI & Machine LearningEnterprise SoftwareSaaSAmsterdam, NL
Seva Martynov(Founder)in
Co-investorsBitkraft Esports VenturesGolden Egg Check Capital B.VTechstarsBlackWood VenturesFund F
SPREAD provides a unified engineering platform that integrates data from PLM, CAD, ERP, and ALM systems into a single connected ontology for complex product manufacturers.
Advanced ManufacturingAI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareHardwareBerlin, DE
Philipp Noll(Co-Founder & MD)in
Co-investorsCavalry VenturesFirestreak VenturesIn-Q-TelOTB VenturesGeneral CatalystHV Capital
Terramate provides a platform for managing Infrastructure as Code that lets platform teams package reusable IaC patterns (Bundles) with built-in governance, compliance, and security, while developers and AI agents self-serve infrastructure across environments.
Cloud ComputingDeveloper ToolsSaaS
Chris Schagen(Founder)Soren Martius(Founder)
Co-investorsCrowberry CapitalD11ZFly Ventures
UniteLabs provides a lab automation platform that lets biotech and pharma teams define and run laboratory workflows as Python code, integrating 175+ devices through a single cloud API.
AI & Machine LearningBiotechDeep TechDeveloper ToolsSaaS
Robert Zechlin(Founder)in
Co-investorsAcurio VenturesPUSH VenturesCavalry Ventures
Usercentrics provides consent management and data privacy technology for digital businesses seeking to balance user data protection with growth and compliance.
AdTechData & InfrastructureEnterprise SoftwareSaaSMunich, DE
Vinzent Ellissen(Founder)in
Co-investorsCavalry VenturesAlstin CapitalAngel InvestFull In PartnersRTP Global
Verna addresses climate and nature crises through technology solutions, blending expertise in nature, software, and start-ups.
AI & Machine LearningClimate TechImpact & Social GoodSaaS
Co-investorsConcrete Venture CapitalLove VenturesOctopus VenturesÜbermorgen Ventures
VoiceLine builds a voice- and AI-powered tool that captures field information and reduces manual admin work, aimed at replacing clunky systems and manual data entry for sales teams.
AI & Machine LearningEnterprise SoftwareSaaSSales TechFrankfurt, DE
Nicolas Höflinger(Co-founder & CEO)inSebastian Pinkas(Co-founder & CTO)inNicolas Kübler(Chief Product Officer)inNicolas Hoflinger(Founder)
Co-investorsCavalry VenturesPeakSCALEHOUSE Capital ManagementVenture StarsAlstin CapitalBitStone Capital+1 more
WhenThen provides an API-driven platform that allows developers and business users to build custom payment flows with multiple payment providers.
B2B MarketplacesFintechSaaSIreland, IE
Kirk Donohoe(CEO)inEamon Doyle(CTO)inDave Brown(VP of Engineering)in
Co-investorsCavalry VenturesStride VC
Xaver provides an AI-powered platform for banks, insurers, and brokers to deliver pension products and financial advisory services across Europe.
AI & Machine LearningFintechInsurTechGermany, DE
Max Bachem(Co-founder)inOle Breulmann(Co-founder)inBjörn Holste(Management Team)inNigel Jankelson(Management Team)in
Co-investorsblueworld.groupCavalry VenturesMotive PartnersRobin Capital
Zelara is an AI lifecycle system that layers on top of existing CRM and marketing stacks (such as Braze, Salesforce, Iterable, Klaviyo, and HubSpot) to personalize content and decide the next best message, channel, and timing for each customer.
AI & Machine LearningMarketing TechSaaS
Nikolas Schriefer(Founder)
Co-investorsHeartfelt Capital
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Companion EnergyDeltiaPlanetlySpareIt
Portfolio news
latest coverage across their companiesFlip · eu-startups.com · Aug 19, 2026
AMPECO · ampeco.com · Jun 30, 2026
Almetra · eu-startups.com · Jun 25, 2026
Companion · thesaasnews.com · Jun 8, 2026
VoiceLine · thesaasnews.com · Feb 24, 2026
3TS Capital Partners · prnewswire.com · Nov 4, 2025
Nory · finsmes.com · Sep 16, 2025
Frequently asked questions
- How many investments has NAP made?
- NAP has 44 tracked investments, including 4 dated in the last 24 months.
- What stage does NAP invest at?
- NAP invests at the Pre-Seed, Seed stages.
- What is NAP's typical check size?
- NAP typically writes checks of $1.1M – $4.3M.
- What sectors does NAP focus on?
- NAP focuses on AI & Machine Learning, Cloud Computing, Construction Tech, Cybersecurity, Data & Infrastructure, Enterprise Software, SaaS, Sector Agnostic.
- Where is NAP located?
- NAP is headquartered in Berlin, DE.
- Does NAP lead rounds?
- Yes, NAP leads investment rounds.
- Who does NAP co-invest with?
- NAP most often shares deals with Cavalry Ventures, Insight Partners, LocalGlobe, among 101 tracked co-investors.
Media · Podcasts & interviews
featuring the teamHow to Think Like a Founder-VC | Claude Ritter (NAP, Lieferheld, Tiger Facility)
Jamie · Claude Ritter
NAP’s Claude Ritter and Stefan Walter and EIF’s Rene Andres, on Building Europe’s Future
The European VC · Claude Ritter
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