Karma Ventures

Karma Ventures is a prominent early-stage venture capital firm based in Tallinn, Estonia, with a dedicated focus on investing in deep technology startups across Europe. The firm targets companies that possess significant technological differentiation and demonstrate strong potential for global scalability. Karma Ventures is known for its hands-on approach, providing not only capital but also strategic guidance and access to a broad network to help its portfolio companies navigate growth challenges and achieve market leadership.

The firm manages two primary funds, reflecting its growing commitment to the European deep tech ecosystem. Karma Ventures launched its first fund, Karma Ventures Fund I, with approximately $43.2 million (€40 million) in 2016. Building on this success, they subsequently raised Karma Ventures Fund II, which closed at around $75.6 million (€70 million) in 2021, bringing their total assets under management to approximately $118.8 million (€110 million). These funds enable Karma Ventures to support innovative startups from their initial seed rounds through Series A and beyond, often participating in follow-on rounds to further support successful ventures.

Karma Ventures typically seeks to be the lead or co-lead investor in its target rounds, providing substantial initial capital. Their investment strategy is centered on identifying groundbreaking technologies across various sectors, including artificial intelligence, machine learning, cybersecurity, advanced materials, and robotics. The firm's initial investments generally range from $540,000 to $5.4 million, reflecting their commitment to providing meaningful early-stage funding. With a strong emphasis on long-term partnerships, Karma Ventures aims to help European deep tech companies transform their innovative ideas into globally competitive businesses.