Software doesn't transform itself.
We back the builders automating how European enterprises actually work.
Seed and pre-seed in AI-native B2B platforms — from Berlin.
How We Think
Enterprise software has been promised automation for two decades. The difference now is that AI-native architectures — built from scratch around machine intelligence, not retrofitted onto it — are finally capable of replacing core workflows rather than supplementing them. European mid-market companies, with their complex, process-heavy operations, are both the biggest opportunity and the hardest environment to sell into. That combination is exactly where operator experience matters. Founders who have run B2B software companies in this market don't just understand the product — they understand why procurement cycles take nine months and why the first three enterprise customers are always the hardest.
Workflow before platform
The durable business is built on the workflow, not on top of it. We look for founders who own a specific operational loop before they expand into a platform.
Operator diligence
We evaluate AI-native B2B products the way an enterprise buyer would: against the actual operational context, not against a demo. That requires having been inside the operations yourself.
European-native ambition
European enterprise software built for the European market compounds differently — longer sales cycles, higher retention, regulatory alignment. We don't back founders who see Europe as a stepping stone.
Portfolio
Twelve Companies
Parloa
Conversational AI / Contact Centre
Kenjo
HR Workflow Automation
Superchat
Messaging Automation / SMB
Workist
Document Processing / Procurement
Maze
Product Research Platform
Taktile
Decision Intelligence / FinOps
Heyflow
No-Code Workflow / Lead Capture
Laserhub
AI Marketplace / Manufacturing
Flip
Employee Communication Platform
Candis
Invoice Management / SME
Bryter
Decision Automation / Enterprise
Luminovo
Electronics Supply Chain AI
From the Team
Recent Perspectives
European B2B Software's Second Decade Starts Now
The first decade built the proof points. The second decade is about compounding — and the founders who understand the difference are already ahead.
What We Get Wrong About Operator-Investors
Being a former founder helps in diligence. It can hurt in portfolio dynamics. The distinction matters more than most people in VC will admit.
Supply Chain AI: The Patterns Worth Backing
Three years of watching supply chain AI investments suggests most of the value accrues in one specific part of the stack — and it's not where most founders build.
Building AI-native B2B software in Europe?
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+49 30 2093 4871