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    Mustard Seed Maze logo

    Mustard Seed Maze

    Lisbon, PortugalFounded 2018
    msm.vcLinkedIn
    Climate & EnergyEducationHealthcareSocial & CommunityFood & Agriculture

    Mustard Seed Maze (MSM) is a Lisbon-based impact venture capital firm that invests in fast-growing European ventures from pre-seed to series B, tackling social and environmental challenges aligned with the UN Sustainable Development Goals.

    Deal activity decreased year-over-year (1 deal in the last 12 months vs 2 prior). Their most common stage is seed (53% of deals). Average disclosed round size is $11.6M (across 12 rounds with reported amounts).

    Find people at Mustard Seed Maze on Goldilocks AI

    Portfolio

    28

    Fund Size

    —

    Top Stage

    Seed

    Last 12 Mo

    1

    Team

    Alex Pitt

    Alex Pitt

    Partner

    António Miguel,

    António Miguel,

    Partner

    Henry Wigan

    Henry Wigan

    Partner

    Jessica Jackley,

    Jessica Jackley,

    Venture Partner

    Michael Rosen,

    Michael Rosen,

    Venture Partner

    Tessa Clarke,

    Tessa Clarke,

    Venture Partner

    Vasco Pessanha,

    Vasco Pessanha,

    Venture Partner

    Sofia Queiroz,

    Sofia Queiroz,

    Investment Principal

    Ana Pinheiro

    Ana Pinheiro

    Head of Operations

    Cristina Almeida,

    Cristina Almeida,

    Head of Platform

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    34 investments
    CompanyRoundAmountDate
    WNWN Food Labs logoWNWN Food LabsSeries A$5.6MSep 2026
    Biorce logoBiorceSeries A$52MFeb 2026
    Win-Win logoWin-WinSeries A—Jul 2025
    Go Parity logoGo ParityUnknown—May 2025
    Biorce logoBiorceSeed—Jan 2024
    Connect Earth logoConnect EarthSeed$5.6MMar 2023
    Student Finance logoStudent FinanceSeries A$41MFeb 2023
    tl;dv logotl;dvSeed—Jun 2022
    Sojo logoSojoSeed—Apr 2022
    Chatterbox logoChatterboxPre-Seed—Mar 2022
    Your Juno logoYour JunoSeed—Mar 2022
    Flecto logoFlectoSeed—Jan 2022
    Your Juno logoYour JunoSeed$2.2MJan 2022
    Mindstone logoMindstoneUnknown—Dec 2021
    Uphill logoUphillSeed—Sep 2021
    Iconoclass logoIconoclassSeed—Jun 2021
    Student Finance logoStudent FinanceSeed$5.3MMay 2021
    Lloc.taxSeries A$3.6MFeb 2021
    Clear.bio logoClear.bioUnknown—Jan 2021
    Omocom logoOmocomSeed—May 2020
    Outmind logoOutmindSeed$605KJan 2020
    KKETS QuantumUnknown—Dec 2018
    KKets Quantum Security LtdSeed—Dec 2018
    Kets logoKetsUnknown—Jan 2018
    Pollen logoPollenSeed—Jan 2016
    Page 1 of 2

    Top Co-Investors

    Seedcamp6 shared
    Mustard Seed6 shared
    Speedinvest5 shared
    Quantonation4 shared
    Armilar Venture Partners3 shared
    Plug and Play Tech Center3 shared
    KAPITAL3 shared
    FoodLabs3 shared
    Digital Currency Group2 shared
    InReach Ventures2 shared
    SE Ventures2 shared
    Concept Ventures2 shared
    Giant Ventures2 shared
    Kfund2 shared
    Brighteye Ventures2 shared
    Bynd Venture Capital2 shared
    Sand Hill Angels2 shared
    Techstars2 shared
    Cavalry2 shared
    Index Ventures2 shared

    Last updated: 7 October 2026