NAP (formerly Cavalry Ventures) is a Berlin-based pre-seed and seed venture capital firm investing in European technology companies, with a focus on enterprise tech, advanced manufacturing, energy transition, and applied AI. The firm rebranded from Cavalry Ventures to NAP in February 2025.
Average disclosed round size is $20.5M (across 14 rounds with reported amounts).
Portfolio
20
Fund Size
$171M
Top Stage
Series A
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
21 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Zelara | Pre-Seed | — | Jun 2026 |
 Almetra | Series A | $19M | Jan 2026 |
 Verna | Seed | $4M | Jan 2026 |
 Logistica OS | Pre-Seed | — | Jan 2025 |
 Ampeco | Series B | $26M | Nov 2024 |
 Openvolt | Pre-Seed | — | Sep 2023 |
 Enzai | Seed | — | Sep 2023 |
| Ampeco | Series A | $13M | Jan 2023 |
 Flip | Series B | $30M | Feb 2022 |
 PlanRadar | Series B | $70M | Jan 2022 |
 Voltage | Seed | $6M | Jan 2022 |
 WhenThen | Series A | $6M | Jul 2021 |
 BRYTER | Series B | $66M | Apr 2021 |
 Medbelle | Series A | $7M | Apr 2019 |
 FreightHub | Series A | $20M | Dec 2017 |
 Loctax | Series A | $12M | — |
 Anyone | Seed | $3.6M | — |
 GRAND | Unknown | $5M | — |
 VoiceLine | Unknown | — | — |
 SPREAD AI | Series B | — | — |
| BBESIRIUS | Seed | — | — |
Top Co-Investors
Cavalry9 shared
Seedcamp2 shared
Notion Capital2 shared
HV Capital2 shared
Cavallo Ventures2 shared
BMW i Ventures2 shared
Stride.VC1 shared
Index Ventures1 shared
Mustard Seed Maze1 shared
CapitalG1 shared
Quadrille Capital1 shared
Headline1 shared
Insight Partners1 shared
PropTech11 shared
Trammell Venture Partners1 shared
Scale Venture Partners1 shared
GV1 shared
Strategic Cyber Ventures1 shared
Craft Ventures1 shared
Fuel Ventures1 shared
Last updated: 20 October 2026