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Karma Ventures

www.karma.vc

Karma Ventures is a VC firm backing deep-tech software startups in Europe at late seed and Series A stages, targeting founders with early traction and global ambition. They typically invest up to €5M per opportunity in European technology companies targeting global markets that create innovative technologies with initial commercial traction.

Check Size

$1M - $5M

Stages

Seed, Series A

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Investment Thesis

Karma Ventures treats investing as ‘an ongoing practice in partnership and deliberate choice-making’ rather than capital deployment. Their philosophy centers on becoming ‘the cause’ through deliberate decisions rather than being ‘the effect,’ with the core belief that ‘every choice builds a future’ and ‘every decision carries weight.’ They emphasize that ‘our aim is not to build a specific future, but to ensure that a future exists, and that it contains more good than the past.’ Their approach prioritizes patience, clarity, and compounding effects over rapid returns, viewing themselves as partners who sharpen thinking without dulling founder responsibility.

What Sets Them Apart

  • Emphasis on 'cause and effect' as investment method - founders must place idea slightly above themselves
  • Strong operational expertise from founding partners with deep exits (Skype founders as advisors, Nokia/STMicroelectronics leadership experience)
  • 88% of portfolio companies raised follow-on rounds - indicating strong follow-on support capability
  • Deliberate focus on partnership over control - 'Trust is built through clarity, not control'
  • Values-driven ESG integration across full investment lifecycle with published annual ESG reporting
  • Balanced geographic presence with offices in Tallinn and Germany (first team member based in Germany)
  • Access to rare advisory board including Skype founders and senior tech executives from Google, Apple, Microsoft

Portfolio Highlights

RealEyes

Ai Ml

AppGiver

Developer Tools

Plumber

Developer Tools

SpectX

Data Analytics

Ingrid Cloud

Climate Tech

TrademarkNow

Legal Tech

Minut

Iot

CGTrader

Digital Content

+ 19 more companies in their portfolio

Investment Team

8 Partners at Karma Ventures

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