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Mustard Seed Maze

Rua do Vale Formoso, n.º 94, 5.º esq., Lisboa, 1950-284, Portugal

Overview

Early-stage impact VC fund investing in social and environmental solutions.

Founded

2019

Deals · 12mo

1

Links

WebsiteLinkedIn

Stage focus

Seed
Series A

Geographic focus

France
Germany
Portugal
Spain
...

Sector focus

Financial Services
Impact Investing
Sustainability
Venture Capital

Investment portfolio

32rounds
NAMEDATESIZE
Biorce
Feb 2026Participated
$52 MSeries A
WNWN Food Labs
Jul 2025Participated
$4 MSeries A
GoParity
May 2025Participated
$3 MOther Equity
Biorce
Nov 2024Led
$4 MOther Equity
Samara
Sep 2024Led
$12 MSeries A
UpLink
Apr 2024Participated
$10 MOther Equity
UpHill
Mar 2024Led
$8 MSeries A
Yurtle
Mar 2024Led
$2 MSeed
Connect Earth
Mar 2023Participated
$6 MSeed
StudentFinance
Feb 2023Participated
$41 MSeries A
WNWN Food Labs
Feb 2023Participated
$6 MSeries A
GoParity
Jan 2023Led
$2 MOther Equity
Biorce
Feb 2026Participated
$52 MSeries A
WNWN Food Labs
Jul 2025Participated
$4 MSeries A
GoParity
May 2025Participated
$3 MOther Equity
Biorce
Nov 2024Led
$4 MOther Equity
Samara
Sep 2024Led
$12 MSeries A
UpLink
Apr 2024Participated
$10 MOther Equity
UpHill
Mar 2024Led
$8 MSeries A
Yurtle
Mar 2024Led
$2 MSeed
Connect Earth
Mar 2023Participated
$6 MSeed
StudentFinance
Feb 2023Participated
$41 MSeries A
WNWN Food Labs
Feb 2023Participated
$6 MSeries A
GoParity
Jan 2023Led
$2 MOther Equity
32
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Mustard Seed Maze: 32 funding rounds are recorded in the selected participation categories.All available history.
Mustard Seed Maze: 32 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed58
Series A24
Other Equity67

Monthly Deal Activity

Mustard Seed Maze: 32 deals are recorded across 83 months.All available history.
Mustard Seed Maze: 32 deals are recorded across 83 months. All available history
MonthDeals
Dec '191
Jan '200
Feb '200
Mar '200
Apr '201
May '202
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '201
Jan '210
Feb '211
Mar '210
Apr '210
May '212
Jun '212
Jul '211
Aug '210
Sep '211
Oct '210
Nov '210
Dec '211
Jan '220
Feb '220
Mar '222
Apr '221
May '220
Jun '222
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '232
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '242
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '251
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Mustard Seed Maze: Fintech is the largest displayed sector by deal count (12 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Mustard Seed Maze: Fintech is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Fintech12
Education & Workforce6
Clean Energy & Sustainability5
Health & Life Sciences5
Networks, Cloud & Communication3
AI & Machine Learning3
Professional Services3
Cybersecurity & Privacy2
Transportation & Logistics2
Food & Agriculture2
Enterprise Software1
E-Commerce & Retail1
Real Estate & Construction1
Space & Frontier Tech1
Consumer & Lifestyle1
Marketing & Advertising1
Hardware & Robotics1
Developer Tools1

Deal Size Distribution

Mustard Seed Maze: 32 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Mustard Seed Maze: 32 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M24
$5M-$10M4
$10M-$25M2
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Mustard Seed Maze: Europe has the largest recorded deal count among the displayed regions (30 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Mustard Seed Maze: Europe has the largest recorded deal count among the displayed regions (30 deals). All available history
RegionDeals
Europe30
United States2
Mustard Seed Maze: 20 co-investors are shown, with Seedcamp sharing 8 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Mustard Seed Maze: 20 co-investors are shown, with Seedcamp sharing 8 recorded deals. All available history
Co-investorShared deals
Seedcamp8
Brighteye Ventures3
FoodLabs3
Market One Capital3
Armilar Venture Partners2
Caixa Capital2
Giant Ventures2
Inventure2
Luz Saude2
PINC2
Speedinvest2
Venista Ventures2
YZR Capital2
3XP Global1
Amaranthine1
another.vc1
Ascension1
Blockchange Ventures1
Bpifrance1
Bynd1

Investment Strategy

Mustard Seed Maze: Led accounts for 41% and participating for 59% of round participation.All available history.
Mustard Seed Maze: Led accounts for 41% and participating for 59% of round participation. All available history
CategoryDeals (count)Share (%)
Led1341%
Participating1959%
Mustard Seed Maze: Single-lead accounts for 31% and co-led for 69% of lead dynamics.All available history.
Mustard Seed Maze: Single-lead accounts for 31% and co-led for 69% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead431%
Co-led969%

Team

Alexander Pitt

Partner

Ana Pinheiro

Operations and Compliance Manager

Antonio Miguel

Managing Partner

Cristina Almeida

Head of Platform

Henry Wigan

Managing Partner

Sofia Queiroz

Investment Analyst