Karma Ventures

Active

Overview

Karma Ventures is an early-stage venture capital firm based in Tallinn, Estonia, specializing in late seed and Series A investments in European deep-tech software startups with initial commercial traction and global ambitions.¹⁵ The firm invests up to €5 million per company, provides follow-on funding, and offers hands-on strategic, commercial, and technical support leveraging partner expertise.¹² It manages multiple funds, including Karma Ventures Fund II closed in November 2021, and focuses on sectors like AI, cybersecurity, health tech, and enterprise software across regions including Baltics, Nordics, and Western Europe.²⁴

History

Karma Ventures was founded in 2016 by Margus Uudam and Tommi Uhari.¹ The firm closed its first fund in May 2018 and Karma Ventures Fund II in November 2021.⁴ It has built a portfolio of deep-tech investments such as Wirepas, Tuum, Lucinity, and BforeAI, emphasizing companies with strong technological innovation.¹ Partners and advisors include figures like Ahti Heinla, co-founder of Skype and Starship Technologies.¹

Notable Products

Karma Ventures Fund II - Closed in November 2021, focused on late seed and Series A deep-tech software investments.
First Karma Ventures Fund - Closed in May 2018, supporting early-stage European tech startups.

Reputation

Karma Ventures is recognized by industry platforms for its focus on deep-tech software and hands-on support to founders.¹²⁶ Professionals note its investments in high-potential startups like Wirepas and Lucinity, highlighting partner expertise from tech successes.¹ No specific criticisms are detailed in available sources.

Sources (6)