# Karma Ventures

> Karma Ventures is a VC fund backing Software and Artificial Intelligence. See 52 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Tallinn, Estonia
- Total investments: 52
- Last investment: Nov 2025
- Lead investor: 60%
- Fund size: $106M
- Last fund: Nov 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/karma-ventures
- X (Twitter): http://www.twitter.com/karmaventures
- Website: http://www.karma.vc
- Facebook: https://www.facebook.com/karmavcteam

Karma Ventures (karma.vc) is an early-stage venture capital firm, specialised in late seed and A round investments in Europe’s most promising deep tech startups. They back companies with strong ideas delivered with unique technology, customer traction and global ambition. karma.vc accompanies entrepreneurs in figuring out the path to growth in allaspects - commercial, strategic and technical.

## Contacts

5 contacts available for Karma Ventures. Shizune tracks 7 team members at Karma Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/karma-ventures?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $549k–$4.4M |
| Series A | $4M–$16M |
| Series B | $3.1M–$30M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 15 | 29% |
| Artificial Intelligence | 9 | 17% |
| Information Technology | 6 | 12% |
| FinTech | 5 | 10% |
| Cyber Security | 4 | 8% |

77 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 18 | 35% |
| Seed | 10 | 19% |
| Series B | 9 | 17% |
| Funding Round | 3 | 6% |
| Venture - Series Unknown | 3 | 6% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Estonia | 9 | 17% |
| United States | 5 | 10% |
| Finland | 3 | 6% |
| Sweden | 2 | 4% |
| United Kingdom | 2 | 4% |

13 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Margus Uudam | Founding Partner | 18 | https://shizune.co/investors/profile/margus-uudam |
| Tommi Uhari | Founding Partner | 9 | https://shizune.co/investors/profile/tommi-uhari |
| Arthen Sirola-Hashemi | Investment Manager | 0 | https://shizune.co/investors/profile/arthen-sirola-hashemi |
| Kristjan Laanemaa | Founding Partner | 15 | https://shizune.co/investors/profile/kristjan-laanemaa |
| Linda Võeras | Investment Manager | 0 | https://shizune.co/investors/profile/linda-v%C3%B5eras |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Leil Storage | ON-PREMISES DISTRIBUTED FILE STORAGE WITH CLOUD-SCALE DENSITY+23% extra FREE capacity and density NOW +23% extra FREE capacity and density NOW +20% lower CO₂ emissions and power costs NOW up to +70% saved energy in the futureFirst distributed filesystem that supports the biggest HDDs on the planet, enabling enterprises with HM-SMR basedstorage. | $1.7M | Seed | Nov 06, 2025 |  |
| Starship Technologies | Starship Technologies is a robotics company building fleets of self-driving delivery robots designed to deliver goods locally within 30 minutes. The robots drive autonomously 99% of the time to make safe and environmentally friendly curb-side deliveries from a local hub. They also offering people convenient new services that improve everyday life.Starships Technologies robots are equipped with a sensor suite that includes cameras, GPS, and inertial measurement units. The company's aim is to fundamentally reshape how goods are shipped and delivered, and make local delivery, ultimately, free. It also enables a new era of instant delivery that works around your schedule at much lower costs.Starships Technologies was founded in 2014 and is headquartered in San Francisco, California. | $50M | Series C | Oct 15, 2025 |  |
| Druid AI | DRUID is a high-tech company that develops an AI-powered, no-code, chatbot authoring platform that allows citizen developers to create, configure and deploy natural and rich interactions between employees, customers, partners, and enterprise systems, through omnichannel text and voice conversations. The platform features a proprietarymulti-language NLU (Natural Language Understanding) engine which identifies user intents, sentiment, and system entities, a powerful Connector Designer which integrates with any enterprise app (REST/SOAP APIs, SQL/Oracle, ERPs, CRMs, RPA). | $31M | Series C | Sep 16, 2025 |  |
| Swarmia | Data-driven superpowers for software teams | $11.5M | Series A | Jun 18, 2025 |  |
| WunderGraph | WunderGraph is a next generation BFF framework designed to optimize frontend, fullstack, and backend developer workflows | $7.5M | Series A | Mar 27, 2025 |  |
| Patchstack | WebARX is a complete website security and monitoring platform including web application firewall, uptime monitoring, domain reputation checks, and security scans on a single dashboard.WebARX analyses around 3000 hacking incidents per day, which comes from our private threat intelligence. Compared to similar service providers on the market, WebARXhas put web application firewall, uptime monitoring, domain reputation checks and security scans on a single dashboard, available even to small website owners. | $5M | Series A | Sep 16, 2024 |  |
| Pactum | Pactum is an AI platform that automates commercial negotiations for businesses, allowing sales teams to engage in personalized discussions with suppliers. The platform streamlines the negotiation process, enabling companies to optimize contract terms and improve procurement efficiency. By leveraging advanced algorithms, Pactum analyzes data tosupport informed decision-making during negotiations. This approach helps organizations manage multiple supplier relationships effectively while reducing the time and resources spent on negotiations. Pactum's technology empowers sales development representatives to focus on strategic initiatives rather than administrative tasks, enhancing overall productivity within sales teams. | $20M | Series B | Jul 11, 2024 |  |
| BforeAI | BforeAI focuses in predictive attack intelligence and Digital Risk Protection Services (DRPS). Empowered by PreCrime™ technology featuring behavioral AI, we aim to transform cyber defense from reactive to proactive. Our solutions encompass automated threat intelligence, brand protection, adversary disruption, and domain takedowns. Recognized byGartner in five reports and honored with awards like the FinTech Innovation Lab New York, Bfore.AI offers the industry's swiftest, most precise automated defense against online fraud. | $15M | Series A | Apr 24, 2024 |  |
| BforeAI | BforeAI focuses in predictive attack intelligence and Digital Risk Protection Services (DRPS). Empowered by PreCrime™ technology featuring behavioral AI, we aim to transform cyber defense from reactive to proactive. Our solutions encompass automated threat intelligence, brand protection, adversary disruption, and domain takedowns. Recognized byGartner in five reports and honored with awards like the FinTech Innovation Lab New York, Bfore.AI offers the industry's swiftest, most precise automated defense against online fraud. | $15M | Series A | Apr 24, 2024 |  |
| Hydrogrid | Hydrogrid is the creator of a SaaS platform that aids in the efficient dispatch and marketing of renewable energy generation. The platform of the company allows power plant owners to increase their revenues by aligning its production to the power markets and manages everything from hydrological forecasting using machine learning algorithms tooptimal marketing of the generated energy on the electricity market, allowing businesses to reduce their daily operational workload. | $9.3M | Series A | Dec 15, 2023 |  |

10 of 52 investments shown.

## Co-investors
- [Karista](https://shizune.co/investors/profile/karista) — VC Fund, 8 deals together
- [BlackFin Capital Partners](https://shizune.co/investors/profile/blackfin-capital-partners) — VC Fund, 5 deals together
- [3VC](https://shizune.co/investors/profile/3vc) — VC Fund, 4 deals together
- [Addendum Capital](https://shizune.co/investors/profile/addendum-capital) — VC Fund, 4 deals together
- [byFounders](https://shizune.co/investors/profile/byfounders) — VC Fund, 4 deals together
- [Crowberry Capital](https://shizune.co/investors/profile/crowberry-capital) — VC Fund, 4 deals together

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## FAQ

### What does Karma Ventures invest in?

Karma Ventures invests primarily in Software, Artificial Intelligence and Information Technology startups, most often at Series A and Seed stage. Most of the 52 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Karma Ventures's check size?

Karma Ventures typically joins rounds of $549k–$4.4M at Seed, $4M–$16M at Series A and $3.1M–$30M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Karma Ventures participates in.

### How do I contact Karma Ventures?

Public channels for Karma Ventures include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Karma Ventures?

The team at Karma Ventures includes Margus Uudam (Founding Partner), Tommi Uhari (Founding Partner) and Arthen Sirola-Hashemi (Investment Manager), among 7 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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