Participated · Series D · Feb 2026

ElevenLabs builds AI voice models and provides voice-as-a-service offerings aimed at enterprise customers, including multilingual automation and in-network AI agent use cases. The company has secured enterprise contracts with customers such as Deutsche Telekom, Revolut, and Klarna. ElevenLabs reported rapid revenue growth, ending last year with nearly $350 million in ARR, adding $100 million in net new ARR in Q1 2026 to reach roughly $450 million, and later surpassing $500 million in ARR. Its valuation climbed from $6.6 billion in September to $11 billion in February. The startup recently acquired the team from Polish voice AI startup Papla to bolster its research capabilities. It has also completed a $100 million tender and is enabling retail investment via Robinhood Ventures as part of its fundraising activity.

Participated · Series B · Dec 2025

Founded in 2024 and led by CEO Robin Rombach, Black Forest Labs is a frontier visual-intelligence company focused on advancing production-grade generative AI. Its flagship product, FLUX, delivers 4-megapixel photorealistic image generation and editing with multi-reference control, enabling users to translate imagination into detailed visuals. The technology has already been integrated into the creative and enterprise workflows of partners such as Adobe, Canva, Deutsche Telekom and Meta. The company’s business model centers on licensing and embedding its models into partner platforms while scaling enterprise offerings. To accelerate growth, Black Forest Labs is investing heavily in R&D, expanding technical talent and upgrading computing infrastructure. Following its latest capital raise, the company has secured more than $450 million in total funding, providing significant resources to advance its product roadmap and commercialization efforts.

Participated · Series C · Oct 2025

n8n is a Berlin-based AI orchestration platform that enables businesses to connect hundreds of apps and services and automate a wide range of business tasks. The platform supports integration of large language models and the use of AI agents, and offers a canvas for building complex workflows. n8n says its technology helps developers create workflows without switching between apps. The company recently attracted a strategic investment from SAP via a secondary share sale that doubled its valuation to $5.2 billion. As part of the partnership, n8n will be embedded inside SAP's Joule Studio through a multi-year commercial deal. The transaction brought SAP onto n8n's cap table as the sole participant in the secondary sale.

Participated · Series C · Oct 2025

Founded in 2022, Filigran develops open-source security tools that help enterprises anticipate and counter cyber threats. Its flagship product, OpenCTI, aggregates threat intelligence from sources such as CrowdStrike and has been downloaded millions of times. The company also offers OpenBAS, which simulates real-world cyber-attack scenarios, and is building OpenGRC to let customers prioritize risks and guide remediation efforts; an AI agent platform is also on its roadmap. Filigran’s solutions are used by over 6,000 public and private entities, including the FBI and the European Commission. Headquartered in Paris, the startup markets its technology as “real-time intelligence” that makes threat data actionable across security teams. The new funds will fuel expansion in the Pacific region and the Middle East while deepening its presence in the U.S. and Europe. Filigran has raised more than $100 million to date, underscoring strong investor confidence in its product suite and growth trajectory.

Participated · Equity · Apr 2025

1NCE offers a cloud-based software platform for connected products and connectivity, managing 30 million devices for more than 24,000 customers across 170+ countries. The company operates what it calls the world’s largest privately run IoT network in the cloud and reports endpoint availability of 99.97%. Since launching in 2018 the platform has been used to accelerate time-to-market for data collection projects and to manage devices across their lifecycle. 1NCE plans to broaden its product portfolio with a next‑generation SaaS platform and to add new AI tools and features for customers using its 1NCE OS. The company is focused on continued global expansion—having team members in 30 countries, branches in 11 countries, digital support in 25 languages, and a user base in 50+ countries—and intends to further grow its presence in the United States. 1NCE was recognized as “Best Innovation in the Internet of Things” at the 2024 SaaS Awards and recently strengthened its leadership and advisory roster. 1NCE provides global cellular connectivity and software for the Internet of Things via a flat-rate offering designed to last the lifetime of a device (one-off $10 for 10 years). The company sells fast, secure, and reliable connectivity and related software services across more than 100 countries and employs about 200 staff with offices in multiple cities. 1NCE is expanding its footprint and in 2022 targeted growth to more than 140 countries (up from 104) and a 25% increase in Tier‑1 wireless operators in its network. Its next product phase centers on intelligent software connectivity and over‑the‑top (OTT) services to enable customers to develop and manage IoT solutions on the 1NCE platform. The company was founded in 2017 and is headquartered in Cologne, Germany. The article does not disclose revenue or other operating financial metrics. 1NCE is a Germany-based IoT network carrier that offers fixed-price cellular device connectivity in over 100 countries. Its core product is cloud-based IoT software paired with cellular connectivity, and it says it manages more than 10 million connections for over 7,000 business customers. The company was founded in 2017 with Deutsche Telekom as a seed-stage backer; Deutsche Telekom remains an investor and a customer. 1NCE employs more than 100 staff across cities including Cologne, Hamburg, Amsterdam, London, Rome, Paris, Warsaw and Riga. It will use the fresh capital to grow its business in the US and Asia, continue developing its cloud-based IoT software, and ramp up recruitment. The company raised $50 million in new funding from SoftBank, Deutsche Telekom and other investors.