Participated · Series A · Jan 2024

Myosotis offers a software-as-a-service solution for direct digital communication between employees, relatives, and third-party service providers in care homes. The app supports photos, videos, voice messages and video calls, consolidating most communication and administrative processes into a single digital application. Led by CEO Jasper Böckel, myo enables homes to inform relatives about hygiene measures, let families participate in residents' lives, and notify doctors, pharmacies or external laundry services. The company works with over 400 customers in DACH and the UK, including DRK, AWO, Johanniter and Agaplesion. Myosotis raised €8M in Series A funding and intends to use the proceeds to grow in the DACH region and the UK, expand marketing capacity, enhance service quality, and develop new modules. The financing will support continued roll-out of their technology to more users and additional solutions for healthcare providers and families.

Participated · Seed · Oct 2023

Momint is a South African Web3 platform that educates users about Web3 technologies while providing a marketplace for owning and trading energy assets on-chain. The company plans to integrate the Internet Computer Protocol (ICP) blockchain to enhance its business operations. Momint intends to use recent funding to support global expansion and to gain, retain, and expand market share. The platform targets both consumers and investors, positioning itself as a safe environment for energy-asset tokenization and trading. No revenue or user metrics are mentioned in the article. Momint provides a blockchain wallet integrated into its app that lets users spend cryptocurrencies at thousands of South African and overseas retailers and top up crypto via integrated exchanges. The company also operates a marketplace for investing in solar projects, including its SunCash initiative launched in January 2023. Momint reports a community of 55,000 users, over $1.4 million in sales, and partnerships with more than 10,000 retailers domestically and 5,000 overseas retailers. Its wallet supports purchases of USDC and Ethereum with real-time rates, peer-to-peer sending, and KYC/KYT/AML checks. Momint aims to expand utility for crypto payments, enable low-cost cross-border transactions, and increase financial inclusion for small businesses and the informal economy. Funds from the current raise are earmarked for marketing, growing assets under management, and driving toward profitability.

Led · Series A · Mar 2023

Co-founded in 2019 by Rushil Mohan and Ratnesh Verma, Pidge provides a technology-rich logistics intelligence platform that functions as an all-in-one operating system for last-mile delivery. Its AI-powered stack, featuring proprietary tools such as Titan and MORRE, integrates visibility, routing, allocation, analytics and vendor interoperability to serve quick-commerce, e-commerce, retail, pharma, apparel and food-delivery clients. The company claims to support more than 20,000 brands across 50+ cities through partners like Zomato, Swiggy, KFC, Tata1mg, EatClub and Snitch. Pidge reports 10× year-over-year growth and an annualized revenue run rate of ₹250 crore. With fresh funding, it plans deeper penetration into India’s tier-II and tier-III markets, further product and tech development, and pilot deployments of its logistics OS in select international markets. Ultimately, Pidge aims to digitally equalize the logistics ecosystem and become the default operating system for last-mile delivery.

Participated · Series D · Oct 2021

Tier Mobility operates shared electric scooters, e-bikes and e-mopeds via a single app and has deployed 135,000 vehicles across 150 cities in 16 countries. The company reports more than 80 million trips and says it has replaced over 13 million car rides. Tier is expanding multimodal offerings and rolling out a Tier Energy Network of battery charging stations hosted by local businesses. The startup plans to use new funding for acquisitions, strategic investments and international expansion, targeting growth markets in Europe and the Middle East. Tier was launched in 2018 and is headquartered in Berlin; it calls itself the European market leader and emphasizes capital efficiency and operational excellence. The company says it has raised $660 million in equity and debt to date and is now valued at $2 billion. Tier Mobility operates e-scooter services and is expanding into multimodal offerings including bicycles and mopeds. The company is available in over 100 cities across 12 countries in Europe and the Middle East and recently added Dubai and Paris while securing a London e-scooter pilot permit. Tier plans to extend its international coverage and invest in its multimodal fleet while building its Tier Energy Network of battery charging stations in retail stores. The energy network is designed to incentivize riders to swap batteries at shops for free credit and to drive foot traffic for merchants. Tier has cited profitable unit economics and asset longevity, and in November it closed a $250 million Series C led by SoftBank Vision Fund 2. The company recently secured additional financing to support fleet orders, local warehouses, new teams and continued expansion. Tier Mobility operates an electric scooter ride-sharing platform and integrates micro-mobility assets through its platform. The company reports profitability and has deployed 60,000 e-scooters across 80 cities with about 500 staff. Tier intends to expand services across Europe and grow into additional strategic markets, targeting operations in 32 European cities in the next nine months. It plans to fast-track its Tier Energy Network to install thousands of charging stations across European cities to power electric vehicles more efficiently and sustainably. Tier emphasizes sustainability, saying it has been climate-neutral since January 2020 and has adopted the UN Sustainable Development Goals as a guiding framework. The company was founded in 2018 by Lawrence Leuschner, Matthias Laug, and Julian Blessin and is headquartered in Berlin. Tier Mobility operates battery-powered kick scooters as an urban transport service. Launched in October 2018, the company now runs in 55 cities across 11 countries. It is seeking to expand across Europe amid a crowded market facing pressure to consolidate and some public backlash over scooters left on streets. The company recently extended an investment round to more than $100 million through a mix of debt and equity. The additional funding was provided by RTP Global, Novator and a U.S. venture debt firm, coming on top of a $60 million investment from Mubadala in October. RTP's Anton Inshutin said Tier had delivered class-leading unit economics, enabling them to expand profitably in the winter. Tier Mobility operates a fleet of roughly 20,000 scooters across 40 cities in 12 countries and has recorded about 10 million rides. The company describes itself as a "micro-mobility" player and plans to augment scooters with other transportation options, though it has not disclosed what those will be or when they will launch. Tier has upgraded most of its fleet to more robust hardware (about 80% of scooters) with lifespans around 18 months to reduce maintenance costs. Growth metrics are strong—Tier added 8 million rides in the prior four months and targets 3–5 million rides weekly—and it says it is already profitable in some markets. The business has pursued capital-efficient growth (Series A initially €25M, expanded to €32M earlier) and now has total funding of roughly $95M after the latest round. Tier emphasizes safety initiatives (insurance for every rider) and reports around 250 accidents to date, the vast majority minor. The founders include CEO Lawrence Leuschner and co-founder/CTO Matthias Laug (previously a co-founder of Lieferando), and the company has partnerships such as with car-rental firm Sixt.

Participated · Series C · May 2021

Wefox operates a digital insurance platform focused on asset-light Managing General Agent (MGA) operations and smart insurance distribution. The company is a leading wholesale broker in Austria, the #1 player in the Dutch term-life market under the TAF brand, and a top-ranked retail insurance distributor in Switzerland. Recent restructuring included the sale of wefox Insurance AG (Liechtenstein) and its Italian entities, actions aimed at streamlining the business. Management says the company is positioned for full-year profitability in 2025. Wefox plans to use new capital to strengthen positions in Austria, the Netherlands, and Switzerland and to expand its MGA and smart distribution businesses globally. The company intends to foster partnerships with insurers and scale local distribution platforms to drive sustainable growth. Founded in 2015 and valued at $4.5bn, wefox runs an end-to-end technology platform that connects insurers, broker partners and customers and has been active as an insurer since 2018. Over the past 18 months the company has been streamlining operations—selling assets, closing hubs and withdrawing from unprofitable markets—to focus on profitable markets of critical size. Technology efforts will concentrate on empowering local distribution platforms; the company is closing technology hubs in Spain and France and sold its Austrian subsidiary wefox Experts Versicherungsmakler GmbH (closing June 18, retroactive to Dec 31, 2023). Wefox plans to further build positions in the Netherlands, Austria and Switzerland while transforming its Italian business to improve profitability and withdrawing from the German market. The insurance carrier wefox Insurance AG will be detached from the core business, had a solvency ratio of 176% on 31 March 2024, and is seeking disposal of non-core portfolios starting with the Polish portfolio. Investors have provided immediate fresh capital of EUR 25 million to support the restructuring and a medium-term repositioning as a technology-enabled insurance distribution company. Wefox is an insurtech company undergoing a rapid transition from a period of hypergrowth to one of profitable growth, a shift its CEO described as complex and requiring difficult choices. In 2022 the company quadrupled its premium income versus the prior year, but losses also increased, including losses from its brokerage business. Management says 2023 will be characterised by a transformation into a profitable company; the firm has hired an experienced CFO and scaled back activities in some insurance segments. Investors have signalled support for that strategic pivot. The company confirmed the fundraising publicly via its CEO’s LinkedIn post, emphasising the need to adapt to market realities. Wefox operates a brokerage and distribution-led insurance platform, selling products through in-house and external insurance brokers rather than a direct-to-consumer model. The company recently launched its own carrier, Wefox Insurance, enabling it to design and sell proprietary products alongside third-party policies. Its distribution business is the primary revenue source and is already profitable; the platform has around 4,000 distribution partners and handles roughly €2 billion in insurance premium volume, €200 million of which was Wefox’s own insurance last year. Wefox has said it doubled revenue and margins in Q1 year-over-year and is streamlining activities to reach profitability across both distribution and insurance. The company plans to expand into new European markets such as France, Spain, and the U.K., likely via acquisitions of distribution businesses. Next year it intends to release a technology stack that will let other insurers create products, manage performance, and handle claims via APIs, positioning itself as an infrastructure provider for insurance. Wefox operates an insurance platform that distributes products through a mix of in-house and third-party brokers rather than direct-to-consumer channels. The company says its indirect distribution model lowers customer acquisition costs and enabled rapid scale through broker networks. Wefox reported revenues doubled to $320 million last year, generated $200 million in the first four months of 2022, and expects roughly $600 million in turnover by year-end; it passed 2 million customers and has around 3,000 independent brokers in Germany. Founded in Berlin in 2015, the firm says the model improves loss ratios and customer lifetime value and puts it on a path to profitability. Management describes the recent raise as prudential "future-proofing" rather than rescue financing. The company plans to enter new European markets in 2022 and aims for U.S. and Asian expansion in 2024.