No Label Ventures (NLV) is a London-based, early-stage European venture capital fund founded in 2022 by Ramzi Rafih. The firm backs immigrant founders building startups across Europe, investing at the pre-seed and seed stages.
Their most common stage is pre-seed (47% of deals). Average disclosed round size is $7.0M (across 11 rounds with reported amounts).
Portfolio
11
Fund Size
$15M
Top Stage
Pre Seed
Last 12 Mo
0
Team
RR
Ramzi Rafih
General Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
15 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 UNCOVR | Seed | — | Jan 2026 |
 Uncovr | Unknown | $7M | Jan 2026 |
 Zango | Seed | — | Jul 2025 |
 Spore Biotechnologies | Series A | — | Feb 2025 |
 Spore | Series A | $23M | Jan 2025 |
 Spore.Bio | Series A | $23M | Jan 2025 |
| Zango | Unknown | $4.8M | Jan 2025 |
| Spore.Bio | Pre-Seed | — | Jan 2024 |
 Callyope | Seed | $2.4M | Nov 2023 |
| 111xAI | Pre-Seed | $2M | Aug 2023 |
 11x | Pre-Seed | $2M | Aug 2023 |
| Spore | Pre-Seed | $8.3M | Jan 2023 |
| 11x | Pre-Seed | $2M | Jan 2023 |
 Shiplog | Pre-Seed | $1M | — |
| 111x AI | Pre-Seed | $2M | — |
Top Co-Investors
Station F6 shared
Famille C5 shared
Phoenix Court Group5 shared
Project A4 shared
Singular3 shared
Point 723 shared
1st Kind Ventures3 shared
India Quotient3 shared
Notion Capital2 shared
Nexus Venture Partners2 shared
South Park Commons2 shared
Start Ventures2 shared
Seedcamp2 shared
Frst2 shared
Sequoia Scout Fund2 shared
Entrepreneurs First2 shared
Index Ventures2 shared
SV Angel2 shared
Goat Capital2 shared
Last updated: 20 October 2026