Led · Seed · Jul 2026

Mätch VC is building a research-backed, reasoning-first causal world model intended to learn from minimal data and adapt to situations it has not seen before. The company frames its mission as creating world-class AI "Made in Europe" and emphasizes a science-first approach. It announced a €12M seed round to support the next phase of development and to advance its research and team. The company named a broad set of research collaborators and angels in its announcement, indicating close ties to academic and industry experts. No revenue, user metrics, founding year, or valuation were disclosed in the announcement.

Led · Seed · Jul 2026

kausable AI builds reasoning-first foundation models that learn causal relationships from synthetic data to adapt quickly to new situations using only a handful of examples. The startup's core product is a causal "world model" architecture and associated models like TipPFN, a zero-shot forecasting model that predicts tipping points across domains such as medicine and energy. Founded by Johannes Haux (CEO), Dr Benjamin Herdeanu (CTO) and Gregor Ramien (COO) in 2025 out of research at Heidelberg University, the company has a nine-person team and has published research including a paper co-authored with Columbia University collaborators. Financially, kausable raised roughly €1.5M in pre-seed financing and has now secured €12M in a seed round led by UVC Partners and Entourage, supplemented by strategic angel backers. Over the next year it intends to expand the team, run customer pilot projects, become more product-focused, and target applications in robotics, healthcare, forecasting and industrial systems.

Participated · Series A · Jul 2026

Proxima Fusion is Europe’s leading stellarator company and the first spin-out from the Max Planck Institute for Plasma Physics, developing commercial fusion power plants using the QI-HTS stellarator concept. The company is building Alpha, a net-energy stellarator demonstrator targeted for the early 2030s, and plans a follow-on commercial plant called Stellaris later in the decade. Proxima leads the Alpha project in partnership with the state of Bavaria, the Max Planck Institute for Plasma Physics and industrial partners including RWE, supported by an Alpha Alliance of more than 50 companies. Headquartered in Munich with offices in Zurich and Oxford, Proxima employs around 200 people across engineering, science and operations. Financially, Proxima has secured more than €650 million in funding to date, including about €95 million in public grants, and plans to expand engineering, manufacturing and magnet production capabilities as it advances toward demonstrator completion.

Led · Seed · Jul 2026

alqem was founded in 2026 by a team that helped build the Alexandria open materials database and is headquartered with offices in Munich and Coimbra. The company combines large-scale computational screening (al-mine and al-oracle datasets) with in-house lab synthesis to predict and test rare-earth-free magnet candidates. alqem says it has developed a pipeline of candidates that have been validated with lab data, though it has not disclosed quantities or specific alloys. The startup plans to grow its research and engineering teams and to formalize partnerships with LMU Munich, TU Munich, T9cnico Lisbon, and the universities of Porto and Coimbra. Financially, alqem has completed a 8 million pre-seed round led by UVC Partners and Union Square Ventures, positioning it to accelerate experimental validation against better-funded competitors. The company is targeting a market dominated by China and aims to provide alternatives for industries using permanent magnets.

Participated · Series D · Jun 2026

FINN operates a multi-brand car subscription service that lets customers subscribe to vehicles fully online with insurance, registration, taxes, and servicing bundled into a single monthly fee and flexible cancellation. The platform features more than 25 brands including BMW, Mercedes-Benz, Hyundai, BYD, and MG. FINN has grown rapidly since its 2019 founding in Munich, reaching over 50,000 active subscriptions and annual recurring revenue of more than €300 million. Reported revenue rose from €3.2 million in 2022 to €444 million in 2024, representing a two-year compound annual growth rate of 1,078%. The company employs roughly 484 people as of 2025 and plans to expand its subscription fleet, improve profitability, and continue enhancing its technology. FINN faces competition from players like Sixt+, Onto, and Free2Move and acknowledges macroeconomic sensitivity given subscription pricing versus traditional leasing.