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The Venture Codex

Keen Venture Partners

Passeerdersgracht 19A, Amsterdam, Noord-Holland, 1016XG, The Netherlands

Overview

Keen Venture Partners is a radically human venture capital firm that invests in fast-growing European scale-ups at the Series A and Series B stages

Total investments
48
Lead investments
26
Investments · 12mo
5
Active investors
10

Sector focus

  • Venture Capital
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Investment portfolio

  • allO

    Participated · Series A · May 2026

    allO provides an all-in-one operating system for restaurants that combines front-of-house, back-office, inventory, ordering, reservations, and payment workflows into a single AI-powered platform. The company is developing AI-powered digital employees intended to autonomously handle tasks such as reservations, inventory ordering, and menu optimization. Founded in 2020 by Cancan Liu, Teodor Rupi, and Benedikt v. Lewinski, allO is headquartered in Munich, Germany. It serves more than 1,000 active restaurant locations across Germany, from neighborhood venues to multi-location local chains. With the new Series A funding, allO plans to expand its AI-native POS and operations platform. The articles do not disclose revenue or valuation figures.

  • ATMOS Space Cargo

    Participated · Series A · Apr 2026

    ATMOS Space Cargo develops free-flying orbital transfer and re-entry vehicles (PHOENIX family) and offers space logistics services to commercial, institutional, and defence customers. PHOENIX 2 is described as a free-flying spacecraft with integrated propulsion and power capable of missions from hours to several months in LEO, performing autonomous de-orbit and controlled atmospheric re-entry using an Inflatable Atmospheric Decelerator (IAD) that is non-ablative and acts as a heat shield and aerodynamic brake. The company plans an initial three-vehicle PHOENIX 2 fleet operated as a phased campaign and is preparing recovery operations near Santa Maria in the Azores under an ANACOM licence. ATMOS is also developing PHOENIX 3, a next-generation return vehicle with an intended payload capacity of roughly one metric tonne, about ten times PHOENIX 2’s capacity. To serve governmental and defence needs it is launching ATMOS WORKS, a dedicated dual-use business unit. The company raised €25.7M in a Series A to fund these activities, including the PHOENIX 2 build, ATMOS WORKS launch, and PHOENIX 3 development, with participation from the EIC Accelerator which provides blended grant and equity financing.

  • Kelluu

    Participated · Series A · Apr 2026

    Kelluu develops and operates autonomous hydrogen-powered airships that provide persistent intelligence, surveillance, and reconnaissance (ISR) as well as civilian sensing applications. Its unmanned fleet supports missions exceeding 12 hours and multiple sensing modalities, enabling real-time, high-resolution imagery. The company says five airships operating from a single base can cover up to 30,000 square kilometres, and it operates what it describes as the world’s largest autonomous airship fleet. Kelluu was founded as a dual-use company and targets defence and civilian markets including forestry monitoring, meteorology, smart-city sensing, and protection of critical infrastructure. The firm is advancing Kelluu AI Labs to develop geospatial foundation models for environmental and resilience applications. Following a €15 million Series A, Kelluu plans to optimise its technology, scale operations, and expand fleet deployments.

  • AirHub

    Participated · Series A · Apr 2026

    AirHub builds the AirHub Drone Operations Center, a centralized platform that enables organizations to plan, coordinate, and monitor drone missions with live video feeds, compliance workflows, and real-time operational oversight. The company targets mission-critical deployments in defense, law enforcement, border protection, infrastructure security, and commercial inspection. AirHub has commercial customers including Dubai Police, Belgian Federal Police, Securitas, Shell, and ProRail, demonstrating traction across public safety and industrial use cases. With the Series A, AirHub plans to expand its international team, further develop its core platform, and launch two additional products: MilHub for defense environments and SecHub for broader security and counter-drone capabilities. The company positions itself as a European software backbone for secure, scalable drone operations in high-stakes environments.

  • Azumuta

    Led · Series A · Nov 2025

    Founded in 2016 in Ghent, Belgium, Azumuta builds operator-centric software that replaces paper, spreadsheets, and fragmented systems on the factory floor. Its platform unifies digital work instructions, audits, training, and quality control, giving manufacturers a single hub for operational knowledge. Nearly 100 manufacturers—including Atlas Copco, Toyota, and Sioux Technologies—use the product, reporting up to a 50 % reduction in administrative time and 60 % fewer quality complaints. The company positions itself as AI-rich software designed for frontline operators rather than the C-suite, which has helped drive adoption. Recognized as one of Belgium’s fastest-growing tech firms, Azumuta plans to accelerate product innovation, customer success, and industry partnerships. With fresh capital, the team will grow and the company will expand into new markets, further streamlining operations and empowering manufacturing workforces.

Team