Led · Seed · Feb 2025

Collie is a German startup that provides a digital livestock management solution built around a specialized collar and an accompanying smartphone app. The collar guides animals using beeps and vibrations and enables farmers to create virtual fences and guide herds remotely, reducing the need for physical fencing. The system supports rotational grazing and remote monitoring; farmers have reported cost savings on feed, reduced time spent herding, and increased grass production. Collie positions its product to help optimize grazing practices, improve soil health and biodiversity, and potentially affect nitrogen emissions and animal wellbeing. Co-founder Daniel is quoted highlighting that the collars and app allow farmers to guide their herds using just their phone. The company recently raised a €3.5M Seed round from Freigeist Capital to advance its technology and rollout.

Participated · Series A · May 2023

EnduroSat is a Sofia-based aerospace company focused on streamlining access to space by offering end-to-end design, build, and operation of small satellites and satellite modules. Its newly opened 188,340-square-foot Space Center features advanced RF, hardware, and mechanical laboratories, ISO-classified clean rooms, and full space-qualification facilities. The site enables production of up to two 200-500 kg ESPA-class satellites per day, dramatically shortening time-to-orbit for constellation customers. EnduroSat’s core product suite targets organizations that need reliable, cost-efficient small- to mid-sized satellite constellations. With fresh capital in hand, the company aims to scale manufacturing capacity and deliver highly capable, cost-effective satellite constellations at unprecedented volume. The recent $104 million raise underscores growing market traction as EnduroSat pursues a future where space data is universally accessible.

Participated · Series A · Feb 2022

Leko Labs has developed a novel wall and floor system built solely from wood and wood fibre and applies robotics-driven, automotive-style prefabrication to construction. The company says its engineered wood product can replace up to 75% of concrete and steel in a single building and withstands very high compression loads (claimed 30,000x its own mass). Leko asserts its approach can sequester substantially more carbon than traditional builds, save “thousands” of tonnes of CO2, reduce heating and cooling needs by up to 87%, and yield up to 10% more floor space. It operates a fully circular manufacturing process and delivers finished wall components from a factory in Luxembourg, claiming builds can be completed up to 50% faster versus traditional methods. Leko also offers a software platform that automates and optimizes building design, which it says can cut wood usage by up to 50% while improving thermal, acoustic and static properties and addressing moisture and noise issues. The material is intended for buildings up to 100m tall, and the company has multiple projects underway across the Benelux, including homes, offices and data centers. Founded in 2017 and based in Luxembourg, Leko plans to scale its software and robotics construction system throughout Europe, including Germany, the Nordics and the U.K. Remo Gerber has been appointed CEO while founder François Cordier will focus on product as CTO.

Participated · Series B · Aug 2021

xentral offers an ERP platform for online SMBs that integrates with ecommerce channels and CRMs to centralize back-office workflows. The product hooks into Shopify, eBay, Amazon, Magento, WooCommerce and CRM systems like Pipedrive, and provides order and warehouse management, packaging, fulfillment, accounting and sales management. The company serves roughly 1,000 customers, the majority of which are in Germany, including brands such as YFood, KoRo, the Nu Company and Flyeralarm. xentral raised a $75M Series B and plans to use the proceeds to enhance product, hire staff and expand its U.K. operation as it targets a broader global ERP market. The company previously raised a $20M Series A earlier this year led by Sequoia Capital. The global ERP market is expected to reach $32 billion by 2023, which the company cites in support of its expansion strategy. Xentral builds cloud ERP software covering order and warehouse management, packaging, fulfillment, accounting and sales management for online-focused small and medium businesses. Its platform serves about 1,000 customers—mostly in Germany—including YFood, KoRo, the Nu Company and Flyeralarm, and the company has roughly 65 employees. The founders, Benedikt and Claudia Sauter, created the product out of internal tools used in their earlier hardware business and formally founded Xentral in 2018 in Augsburg. The company plans to expand across the rest of Europe and eventually other geographies while adding more services to its ERP platform. Planned product work includes a more powerful API to help customers integrate sales channels such as their own sites, Amazon, eBay and social platforms. Xentral positions itself as a lean, modular alternative to legacy ERP systems that SMEs can adopt gradually.

Participated · Equity · Dec 2020

Neufund operates a blockchain-powered platform that connects investors and entrepreneurs and facilitates tokenised equity offerings. The company, founded in 2016 and described in the article as a German/Berlin fintech startup, paused fundraising campaigns and tokenised equity offerings in June due to regulatory concerns. It has raised follow-on capital to secure regulatory compliance and resume activity: the recent financing is intended to obtain a financial license and to fund hiring and product development. Neufund says an additional financial license would allow it to expand its list of services and products while maintaining a compliant and transparent approach. The company intends to re-open the platform for entrepreneurs at the start of 2021. Neufund is a blockchain-based asset tokenization and equity investment platform that has built a legally-enforceable link between an on-chain token and real-world equity under German jurisdiction. Founded in 2016 and based in Berlin, the company enables virtually any incorporated entity worldwide to conduct a public offering on blockchain. Neufund is running an Equity Token Offering (ETO) — a public, fully-compliant equity-on-blockchain sale of its parent, Fifth Force GmbH — that permits fundraising in ETH and EUR, tradability on secondary markets, follow-up rounds, and programmable investor governance such as dividend distribution and automated compliance. The ETO has raised €3 million so far, roughly halfway through the offering and double the soft cap, with most capital coming in euros. The public offering is scheduled to end on December 16. Investors in the round include a range of European VCs, angels and private individuals, with named participants such as Udo Schloemer, Chris Zippel, Dario Suter and existing backers Freigeist Capital and Atlantic Labs. Neufund is an open-source, public platform that lets startups, SMBs and established companies hold Equity Token Offerings (ETOs) to issue crypto tokens with legal ties to equity. Its protocol distinguishes Equity Tokens from regular ICO tokens by giving token holders rights similar to shareholders. The project has built a split economy that includes a protocol token, Neumark (NEU), which participants earn by committing capital and which represents their share of the Neufund ecosystem. Neufund emphasizes lowered investment barriers, liquidity for private equity, and educational user experience with tutorials to onboard non-crypto investors. The company raised $11.6M (€10M) in a pre-sale funding round to launch its Initial Capital Building Mechanism (ICBM). The ICBM is scheduled to start on November 17, 2017 at 11:00 UTC and run for 30 days. Neufund is developing an open platform that lets investors acquire startup equity in the form of tradable crypto tokens. The company offers a legal and technical solution that bridges traditional company shares and blockchain-based tokens, aiming to make essentially illiquid assets immediately liquid. Neufund says the transaction costs for issuing and managing such tokens are close to zero and that tokenized equity can be traded freely on cryptocurrency exchanges. The startup positions its tokens as a new type of ownership that represents both intrinsic network value and off-chain business value. Neufund published a whitepaper and an animated video outlining its vision and will use the recent funding to build the platform. The article notes broader ICO activity (more than $250M raised last year) and skepticism from traditional VCs about whether token-based fundraising will yield successful startups.