Karma Ventures is a Tallinn-based venture capital firm backing deep-tech software startups in Europe at the late seed and Series A stages. It was created by early employees of Skype and invests time, money, and operational experience in exceptional founders.
Average disclosed round size is $20.0M (across 15 rounds with reported amounts).
Portfolio
20
Fund Size
$108M
Top Stage
Unknown
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
21 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Mindgard | Series A | $30M | Aug 2026 |
 Druid AI | Series C | $31M | Sep 2025 |
 WunderGraph | Series A | $7.5M | Mar 2025 |
 BforeAI | Series A | $15M | Apr 2024 |
 Druid | Series B | — | Sep 2023 |
 Hydrogrid | Unknown | $8.5M | Jan 2023 |
 May Mobility | Series C | $111M | Jul 2022 |
 Lucinity | Series B | $17M | Jul 2022 |
| Druid | Unknown | — | May 2022 |
 Tuum | Series A | — | Jan 2022 |
 Sonarworks | Unknown | $6M | Jan 2021 |
 Betty Blocks | Unknown | $33M | Jan 2021 |
 Realeyes | Series A | $16.2M | May 2018 |
 TrademarkNow | Unknown | $3.5M | Jan 2014 |
 AppGyver | Unknown | $2.5M | Jan 2014 |
 Patchstack | Series A | $5M | — |
 Xolo | Series A | $6.8M | — |
 CybExer Technologies | Unknown | — | — |
 Xolo | Unknown | $6.8M | — |
| CCybexer | Growth | — | — |
 Leil | Seed | — | — |
Top Co-Investors
Hoxton Ventures3 shared
Specialist VC3 shared
Smedvig Capital2 shared
TQ Ventures2 shared
GapMinder2 shared
Vendep Capital2 shared
First Fellow Partners2 shared
10X Capital1 shared
Human Ventures1 shared
Toyota Tsusho1 shared
LG Technology Ventures1 shared
Bridgestone Americas1 shared
Wanxiang Group Corporation1 shared
SAIC Capital1 shared
Tokio Marine Future Fund1 shared
State Farm Ventures1 shared
Root Ventures1 shared
SoftBank Vision Fund1 shared
Toyota Ventures1 shared
Last updated: 8 September 2026