Participated · Seed · Nov 2025

Munich-based Precision Labs is a food-tech company focused on re-imagining dairy. Its first product is a milk alternative that combines conventional milk protein with plant-based components to deliver familiar taste, creamy texture, and barista-grade foaming while offering an improved nutrient profile and no preservatives. The company’s R&D roadmap includes entirely cow-free milk, yogurt, cheese, and flavored milk drinks produced with nature-identical proteins created through precision fermentation; EU regulatory approval for these products is targeted for 2027. Precision Labs is already selling through its own online shop and selected Edeka stores in southern Germany and Hamburg, with a nationwide German roll-out slated for 2026 and expansion into Austria planned thereafter. Proceeds from its latest financing will fund market expansion, further research and development, and brand building. Although specific revenue or user numbers were not disclosed, investor enthusiasm and an oversubscribed round signal early commercial traction and strong market interest.

Participated · Series E · Jun 2025

Harvey is described as a standout legal tech company of the AI era that builds tools for legal workflows. The company has rapidly increased its market valuation, most recently confirmed at $11 billion following a $200 million financing. That latest round brought Harvey’s total capital raised to more than $1 billion. Investors in the most recent round included GIC and Sequoia as co-leads, alongside Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins. Harvey’s valuation has climbed through a series of rounds over the past year, moving from $3 billion to $5 billion to $8 billion and now $11 billion. Sequoia in particular has co-led three of the company’s rounds since its Series A.

Participated · Equity · Mar 2025

Dance operates a subscription service for electric bikes and mopeds, offering a premium, hassle-free alternative for urban mobility. The company runs fleets in Paris, Berlin, Hamburg and Munich and was launched in 2020 by SoundCloud founders Eric Quidenus-Wahlforss and Alexander Ljung together with Jimdo co-founder Christian Springub. Dance reports over 10,000 customers and more than 80 corporate clients. The business is on track for full-year EBITDA profitability in 2025. Recent plans focus on scaling fleet and operations while refining hardware, software and service to expand access to clean mobility. Its latest financing combines equity and an asset-backed debt facility to support sustainable growth. Dance provides electric bikes and mopeds on a monthly subscription basis that include servicing, repairs, theft insurance and replacement bikes. The company launched out of Berlin in 2020 and is now available in Paris, Hamburg, Munich and Vienna. Dance also sells its vehicles as an employee benefit via Dance For Business and has signed partners including Google and Urban Sports Club. A partnership with IoT Venture helps locate and recover bikes in theft cases. The startup says its largest market is Paris, where it has seen strong uptake tied to the city's plans to expand bike lanes. The company reports growth from a few hundred members to many thousands across its markets. Dance operates an electric mobility subscription service that removes the hassle of e-bike ownership by offering full-service mobility memberships. The company has expanded its product line with an e-moped option and launched Dance for Business to provide sustainable transportation perks for employers. Dance emphasizes a superior end-user experience, supported by founders Eric Quidenus-Wahlforss, Alexander Ljung (SoundCloud), and Christian Springub (Jimdo). It is pursuing international expansion, having recently entered Hamburg, Munich, Vienna, and Paris. Financially, Dance has tapped debt financing to fund growth and has raised €56 million in total to date. The business has also attracted a roster of high-profile angel backers, which the company cites as helping fuel its scaling plans. Dance designs and operates an e-bike subscription service centered on its proprietary Dance One electric bike. The Dance One features a carbon belt, hydraulic disc brakes, an integrated smartphone mount and a detachable battery with an expected range of 55 km. Customers subscribe for €79 per month rather than buy the bike, with no long-term commitments and on-demand mechanic support for flats and repairs. The company has begun rolling out the service in Berlin and there are "hundreds" of Dance e-bikes currently on the streets. Dance recently raised €16.5 million ($19.4 million) in new funding to support operations and expansion. It plans to double its team with hires in operations and engineering and expand to more cities across Europe starting in 2022. Dance offers an all-inclusive e-bike subscription that delivers a fully assembled e-bike to subscribers’ doors within 24 hours and includes maintenance, theft-replacement insurance, a dedicated smartphone app, concierge services, and GPS tracking/unlocking. The service is currently running an invite-only pilot in Berlin and the founders say they have received strong global interest since the pilot launch. Dance plans a broader launch next year with expanded accessibility, availability and service in new cities across Europe and eventual expansion to the U.S. The company was founded by Eric Quidenus-Wahlforss, Alexander Ljung and Christian Springub. The raise comes amid a post-lockdown e-bike boom noted in the article (U.K. sales surged ~230%) and growing urban bike infrastructure in the EU. Dance positions itself between ownership and on-demand rentable micromobility by removing upfront cost and maintenance friction.

Participated · Series A · Jul 2024

Applied Carbon makes a tractor‑pulled farm implement that converts crop residue into biochar on‑site using a pyrolyzer that produces biochar and syngas to power the machine. The implement is fed by a harvester, chops and dries residue, pyrolyzes it, quenches the biochar, and spreads and mixes it into the soil. The current design is optimized for corn but can handle rice, wheat, straw, sorghum, and sugarcane; it covers roughly an acre per hour and requires a heavy tractor. The company has produced five prototypes over four years and raised $21.5 million in a recent Series A to move from prototype to early production of its pyrolyzer. Applied Carbon is building machines in Houston and plans deployments in Texas, Oklahoma, Arkansas, and Louisiana, and has already sold carbon offsets created by its process to companies including Microsoft. In the longer term it plans to lease or sell equipment to farmers and help them monetize carbon credits rather than operate a fleet.

Participated · Equity · Feb 2024

Fervo Energy develops next-generation geothermal power using innovations in horizontal drilling, fiber-optic sensing and advanced reservoir engineering to make geothermal scalable and competitive. Its flagship Cape Station project in Beaver County, Utah is slated to deliver first power to the grid in 2026, reach about 100 MW of operating capacity by early 2027 and has plans to scale to 500 MW. Cape Station is fully contracted through power purchase agreements with Southern California Edison, Shell Energy and community choice aggregators. The company secured long-term non-recourse project financing for the first phase of Cape Station to fund remaining construction costs and meet counterparty credit support requirements. Fervo positions its technology and commercial contracts as enabling Enhanced Geothermal Systems to be treated as a bankable, utility-scale infrastructure asset.