Participated · Series B · Apr 2024

Founded six years ago in Berlin, Parloa builds conversational AI agents that handle customer calls and messages for large enterprises such as Allianz, Booking.com, HealthEquity, SAP, Sedgwick, and Swiss Life. Its platform aims to replace human contact-center work by providing contextual, personalized service that can identify a caller and address their needs across phone, web, and app touchpoints. The company disclosed annual recurring revenue of more than $50 million as of last month, positioning it alongside leading peers in the rapidly growing customer-service automation market that Gartner estimates employs 17 million agents worldwide. Management plans to devote substantial new capital to developing a “multi-modal, contextual experience” that extends its AI beyond simply “picking up the phone.” Parloa sees abundant room for multiple winners in the space and believes its capitalization gives it an edge over rivals such as Sierra, Decagon, PolyAI, Intercom, and Kore.ai. Its rapid growth is underscored by a valuation jump from $1 billion to $3 billion in just eight months. The business is already enterprise-ready, with agents answering live calls for global customers today.

Led · Seed · Apr 2024

Langdock is a Germany-based startup that builds a chat interface sitting between companies and large language models to prevent vendor lock-in. The interface lets companies tap foundational models, open-source models or host their own models, and supports prompt libraries and the addition of sensitive documents. Langdock also offers security, cloud and on-premises deployment options. The company is positioning itself for European customers, emphasizing secure and compliant integrations to meet EU regulation. It lists customers including Merck, GetYourGuide, HeyJobs and Forto; Merck has rolled out the interface to 63,000 employees. Langdock raised a $3M seed round led by General Catalyst and La Famiglia, with participation from Y Combinator, noted German founders and around 25 angel investors. The company is “going heavy” on its European play to help firms safely and securely integrate LLMs without locking into a single provider.

Led · Seed · Mar 2024

NaroIQ is building a cloud-native, modular digital fund infrastructure to let smaller fund providers and management companies create and operate ETFs and funds more cost-efficiently. The platform emphasizes faster time-to-market, flexible product development and reduced operational costs to democratize access to the European ETF market. NaroIQ positions itself as a European alternative to the US-dominated ETF ecosystem and aims to address concentration by enabling smaller issuers and administrators. The company was founded in 2022 by Chris Püllen and Nils Krauthausen; Chris Püllen serves as CEO. NaroIQ plans to invest its latest funding into technical development and regulatory licensing and intends to launch its first partner integrations this year. The startup argues its solution tackles outdated, manual processes that hurt margins across the European UCITS and AIF market. Naro helps companies create their own ETFs, index funds, and money market funds without taking on operational or regulatory burdens. The platform redistributes fund earnings among involved parties to give distributing companies a larger share of the ETF and fund market. Use cases the company highlights include internal deposit and treasury management, diversifying offerings with proprietary ETFs, and increasing income share in existing fund concepts. Founders Chris Püllen and Nils Krauthausen position Naro as a response to rapid ETF growth in Europe and to perceived shortcomings of traditional fund solutions. Naro announced a $3 million Pre-Seed raise and will use the capital to strengthen its fund infrastructure through strategic partnerships, regulatory licensing, and technology refinement. The ultimate objective is to establish a European fund ecosystem enabling companies to create tailor-made, technology-driven funds without operational or regulatory overhead.

Participated · Seed · Feb 2024

Fever offers an API-centric platform for virtual power plants that helps energy asset installers and operators — including utility companies, EV fleets, and Battery Energy Storage Operators — participate in energy markets. The platform provides capacity modelling, orchestration, reporting, settlements, and predictive optimisation of energy distribution. Led by founder and CEO Klas Johansson, Fever targets customers that need to run and monetize their own virtual power plants. After launching in Sweden, the company plans to expand its business and accelerate partnerships across Europe. Fever intends to use the new funding to accelerate expansion, deepen product development, and expand collaborations across Europe. The company also announced two industry veterans, Niek den Hollander and Holger Lichtschläger, will join its board of directors.

Led · Seed · Dec 2023

nuvo, founded in Hamburg in 2022 by Michael Zittermann and Ben Hartig, is a SaaS company that provides AI-powered data onboarding solutions. Its platform uses AI algorithms for automated data mapping, validation, and cleaning to help businesses restructure messy spreadsheets and scale data ingestion. The product aims to eliminate errors and free up internal resources through automation. In December 2023 the company (ComDocks GmbH) raised €3.0M in a seed round. The company plans to use the funding to further develop its AI algorithms, strengthen its position in Europe, and continue global expansion. nuvo's website is https://www.getnuvo.com/. nuvo offers an AI-driven file importer that aims to automate and simplify the entire file import chain for web applications. The platform uses AI for smart column matching and to retrieve and reformat file data, enabling frictionless imports for any file type or format. The importer can be implemented with just a few lines of code. The product targets the widespread problem of manual spreadsheet restructuring and poor-quality customer data imports faced by millions of businesses. nuvo raised funding to accelerate development and market rollout of its data importing experience. The company was founded by Michael Zittermann and Ben Hartig.