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Karma Ventures

Founders Kristjan Laanemaa Margus Uudam Tommi Uhari

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 36
Average round size
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The average size of a deal this fund participated in
$8M
Portfolio companies 21
Rounds per year 4.50
Lead investments 9
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.42
Exits 3
Key employees 3
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Artificial Intelligence
  • Machine Learning
  • Internet of Things
  • Information Technology
Summary

In 2016 was created Karma Ventures, which is appeared as VC. The company was established in Europe in Estonia. The main department of described VC is located in the Tallinn.

This organization was formed by Kristjan Laanemaa, Margus Uudam, Tommi Uhari.

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Karma Ventures, startups are often financed by EASME - EU Executive Agency for SMEs, SOSV, Practica Capital. The meaningful sponsors for the fund in investment in the same round are SOSV, Practica Capital, Nordic Makers. In the next rounds fund is usually obtained by Superangel, Sune Alstrup (Johansen), SOSV.

Speaking about the real fund results, this VC is 61 percentage points more often commits exit comparing to other organizations. The fund is constantly included in 2-6 investment rounds annually. The common things for fund are deals in the range of 5 - 10 millions dollars. The high activity for fund was in 2017.

Among the most successful fund investment fields, there are Marketing, Apps. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight Infermedica, Ingrid Cloud, Sonarworks. The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 1 or 5+ of the founder, the chance for it to be financed is low. Besides, a startup needs to be aged 6-10 years to get the investment from the fund.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Hydrogrid

Energy
Energy Efficiency
Power Grid
Renewable Energy
SaaS
Software
$9M15 Dec 2023 Vienna, Austria

DRUID

Artificial Intelligence
Enterprise Software
Information Technology
Machine Learning
Software
Virtual Workforce
$30M12 Sep 2023 Bucharest, Romania

Commsignia

Automotive
Internet of Things
Wireless
$15M05 Sep 2023 San Jose, California, United States

Bfore.AI

Artificial Intelligence
Cyber Security
Information Technology
Software
$4M07 Nov 2022 Montpellier, Languedoc-Roussillon, France

Jobbatical

Artificial Intelligence
Education
Information Technology
Professional Services
Recruiting
$13M09 Sep 2022 Tallinn, Harju maakond, Estonia

Lucinity

Artificial Intelligence
Software
$17M07 Jul 2022 Iceland, Iceland

DRUID

Artificial Intelligence
Enterprise Software
Information Technology
Machine Learning
Software
Virtual Workforce
$15M03 May 2022 Bucharest, Romania

Minut

Internet of Things
Security
Smart Home
$3M29 Mar 2022 Malmo, Skåne County, Sweden

Modularbank

Banking
Financial Services
FinTech
Payments
$17M26 Jan 2022 Tallinn, Harju maakond, Estonia

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Total investments 36
Average round size 8M
Rounds per year 4.50
Peak activity year 2017
Lead investments 9
Follow on index 0.42
Exits 3
Group Appearance index 0.92

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Hydrogrid

Energy
Energy Efficiency
Power Grid
Renewable Energy
SaaS
Software
$9M15 Dec 2023 Vienna, Austria

DRUID

Artificial Intelligence
Enterprise Software
Information Technology
Machine Learning
Software
Virtual Workforce
$30M12 Sep 2023 Bucharest, Romania

Commsignia

Automotive
Internet of Things
Wireless
$15M05 Sep 2023 San Jose, California, United States

Bfore.AI

Artificial Intelligence
Cyber Security
Information Technology
Software
$4M07 Nov 2022 Montpellier, Languedoc-Roussillon, France

Jobbatical

Artificial Intelligence
Education
Information Technology
Professional Services
Recruiting
$13M09 Sep 2022 Tallinn, Harju maakond, Estonia

Lucinity

Artificial Intelligence
Software
$17M07 Jul 2022 Iceland, Iceland

DRUID

Artificial Intelligence
Enterprise Software
Information Technology
Machine Learning
Software
Virtual Workforce
$15M03 May 2022 Bucharest, Romania

Minut

Internet of Things
Security
Smart Home
$3M29 Mar 2022 Malmo, Skåne County, Sweden

Modularbank

Banking
Financial Services
FinTech
Payments
$17M26 Jan 2022 Tallinn, Harju maakond, Estonia
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