# Web Summit Ventures

> Web Summit Ventures is a VC fund in Dublin backing SaaS, Software and Artificial Intelligence. See 12 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Dublin, Ireland
- Total investments: 12
- Last investment: Jul 2023
- Lead investor: 0%
- Last updated: Aug 2026

Web Summit Ventures is a VC fund in Dublin focused on SaaS and Software. Web Summit hosts the world's largest gathering of startups, unicorns, VCs & media. Web Summit Ventures invests in the best of this network.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.6M–$10M |
| Series A | $7.5M–$35M |
| Series B | $15M–$50M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| SaaS | 5 | 42% |
| Software | 4 | 33% |
| Artificial Intelligence | 4 | 33% |
| FinTech | 3 | 25% |
| Cloud Security | 2 | 17% |

27 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 33% |
| Series B | 4 | 33% |
| Series A | 2 | 17% |
| Funding Round | 1 | 8% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 5 | 42% |
| Brazil | 1 | 8% |
| Israel | 1 | 8% |
| Germany | 1 | 8% |
| Colombia | 1 | 8% |

6 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| NG.CASH | NG.CASH is a digital bank designed to help the new generations (ages 12 to 30) achieve financial independence. It lets users take charge of their money through solutions like PIX (Brazil’s instant-payment system), prepaid and virtual cards, allowance management, and now credit products tailored for young adults. As a financial hub, NG.CASH is builtto grow with its clients, boosting financial literacy and supporting them at every stage of life. | $1.6M | Seed | Jul 05, 2023 | https://ng.cash/ |
| CAST AI | CAST AI is a cloud optimization platform that reduces cloud costs, optimizes DevOps, and automates disaster recovery. CAST AI intelligent optimization engine delivers a cost-efficient, high-performing, and resilient infrastructure for every Kubernetes workload. Cloud Cost optimization CAST AI brings resource and cost optimization to Kubernetesusing an AI-driven optimization engine that applies cluster changes based on real-time workload conditions. It selects the most cost-effective instance types and bin-packs pods for maximum utilization. The platform uses spot instances that offer 70 to 90% discounts and are automatically selected for any stateless workloads. CAST AI also sets pod scaling parameters to achieve optimal application performance while maximizing cost savings. Moreover, users get detailed cost reports to enable forecasting expenses at the level of project, cluster, namespace, and deployment - down to individual microservices.Infrastructure abstraction that makes DevOps 10x more productiveCAST AI provides an opinionated Kubernetes implementation that hides the infrastructure complexities with automation. So DevOps engineers no longer have to deal with IaaS complexity and can finally focus on higher-order cloud-native abstractions and concepts. They can create and manage CAST AI components through API, CLI, and Terraform to automate their infrastructure lifecycle management. CAST AI also provides services for in-cluster observability (logging, tracing, and metrics) and built-in security (encryption at rest and in transit).Foolproof outage prevention with cloud neutrality, multi-cloud and multi-region capabilitiesCAST AI protects workloads against downtime with a Disaster Avoidance strategy based on cloud neutrality and multi-cloud capabilities. To achieve 100% uptime, CAST AI adopts the active approach to Disaster Recovery by stretching applications and data across multiple clouds so that a cloud failure never becomes a disaster. Underlying all of our technology is a custom multi-cloud networking layer that makes the magic happen. |  |  | Mar 01, 2023 | https://www.cast.ai/ |
| CAST AI | CAST AI is a cloud optimization platform that reduces cloud costs, optimizes DevOps, and automates disaster recovery. CAST AI intelligent optimization engine delivers a cost-efficient, high-performing, and resilient infrastructure for every Kubernetes workload. Cloud Cost optimization CAST AI brings resource and cost optimization to Kubernetesusing an AI-driven optimization engine that applies cluster changes based on real-time workload conditions. It selects the most cost-effective instance types and bin-packs pods for maximum utilization. The platform uses spot instances that offer 70 to 90% discounts and are automatically selected for any stateless workloads. CAST AI also sets pod scaling parameters to achieve optimal application performance while maximizing cost savings. Moreover, users get detailed cost reports to enable forecasting expenses at the level of project, cluster, namespace, and deployment - down to individual microservices.Infrastructure abstraction that makes DevOps 10x more productiveCAST AI provides an opinionated Kubernetes implementation that hides the infrastructure complexities with automation. So DevOps engineers no longer have to deal with IaaS complexity and can finally focus on higher-order cloud-native abstractions and concepts. They can create and manage CAST AI components through API, CLI, and Terraform to automate their infrastructure lifecycle management. CAST AI also provides services for in-cluster observability (logging, tracing, and metrics) and built-in security (encryption at rest and in transit).Foolproof outage prevention with cloud neutrality, multi-cloud and multi-region capabilitiesCAST AI protects workloads against downtime with a Disaster Avoidance strategy based on cloud neutrality and multi-cloud capabilities. To achieve 100% uptime, CAST AI adopts the active approach to Disaster Recovery by stretching applications and data across multiple clouds so that a cloud failure never becomes a disaster. Underlying all of our technology is a custom multi-cloud networking layer that makes the magic happen. | $20M | Series B | Mar 01, 2023 | https://www.cast.ai/ |
| Soveren | With Soveren you can fulfill your mission-critical production data observability and security goals.Soveren helps identify and protect crown jewels in Kubernetes-based environments. It automatically discovers sensitive data and assets, mapping the flows between them and immediately alerting you before risks become full-blown incidents.Ourmission is to help leading organizations protect millions of consumer data records without slowing down their business. We have built our solution in partnership with the most innovative security leaders in Europe and the US.We enable security teams to:1. Enrich your data inventory and improve the quality of manual reviews2. Gain near real-time visibility into sensitive assets and data flows3. Protect sensitive data and assets in the cloud from common security risks4. Maintain ongoing compliance with data regulations (PCI DSS, GDPR, CPRA, etc.)5. Reduce supply-chain attack risks and control sensitive data sharing | $3.6M | Seed | Feb 20, 2023 | https://soveren.io/ |
| X1 | X1 manufactures a smart credit card made with 17 grams of sleek, stainless steel. It harnesses the power of technology to offer smart credit limits, an unparalleled rewards program, and automated features that will transform the way you shop and spend. X1 is partnered with Visa Signature, allowing cardholders to use it at more than 46 millionmerchants around the world. The company is co-founded by Twitter alums Deepak Rao and Siddharth Batra and backed by PayPal co-founder Max Levchin and founding COO David Sacks, Harrison Metal founder Michael Dearing, former Twitter COO Adam Bain, Libra co-creator & Instagram’s former head of product Kevin Weil and more. | $15M | Series B | Dec 01, 2022 | https://x1.co |
| Mosaic AI | Ask-AI aggregates text-heavy company knowledge & customer communications to reveal pinpointed answers and actionable insights. | $9M | Seed | Oct 25, 2022 | https://www.ask-ai.com |
| Localyze | Localyze offers a software solution for relocation management. Localyze supports international employees throughout the whole relocation process with an all-in-one software solution covering everything from visa to social integration. Localyze provides an overview of the current relocation process status of all international employees within therelevant categories (visa, insurance, banking) for the recruiting department. Localyze guides internationals through the whole relocation process with a personalized dashboard showcasing next to do's, deadlines and other relevant information. Localyze covers a wide range of topics - ranging from visa and mobile phone contracts to cultural integration. In each category, only relevant information tailored to the individual personality profile is displayed. | $35M | Series B | Sep 06, 2022 | https://www.localyzeapp.com |
| Magical | Magical is an agentic AI platform that fully automates complex workflows in just one week. Put your IT, accounting, healthcare admin, and back office on autopilot with AI employees that use human-like decision-making and best-in-class reliability of over 90% on complete end-to-end processes. Join 950,000+ users at 100,000+ companies—including DHL,WebPT, Uber, Just Eat, and CV3—who are getting more done with Magical. | $35M | Series A | Jun 06, 2022 | https://www.getmagical.com |
| Yuno | Yuno enables any company to accept all the available payment methods and manage fraud through a single integration. It allows customize checkout and adding new payment methods with just a click. The company enables an improved customer experience while increasing revenues by routing transactions to the best processor and retrying declinedtransactions. | $10M | Seed | Mar 10, 2022 | https://www.y.uno/ |
| Lokalise | Lokalise is a fully-remote startup, founded by Nick Ustinov and Petr Antropov in 2017. The product is a cloud-based software that streamlines the translation and localization process and collaboration among developers, designers, translators, and project managers, also serving as a single source of truth for copy and translations. APIs, SDKs, andplug-and-play connectors automate data input from prototyping platforms to the live end-product. Lokalise has 2,000 customers from over 80 countries ranging from startups to Fortune500 companies. | $50M | Series B | Dec 14, 2021 | https://lokalise.com |

10 of 12 investments shown.

## Co-investors
- [Creandum](https://shizune.co/investors/profile/creandum) — VC Fund, 3 deals together
- [GTMfund](https://shizune.co/investors/profile/gtmfund) — VC Fund, 3 deals together
- [SAV (Scale Asia Ventures)](https://shizune.co/investors/profile/scale-asia-ventures) — VC Fund, 3 deals together
- [3VC](https://shizune.co/investors/profile/3vc) — VC Fund, 2 deals together
- [DIG Ventures](https://shizune.co/investors/profile/dig-ventures) — VC Fund, 2 deals together
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund, 2 deals together

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## FAQ

### What does Web Summit Ventures invest in?

Web Summit Ventures invests primarily in SaaS, Software and Artificial Intelligence startups, most often at Seed and Series B stage. Most of the 12 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Web Summit Ventures's check size?

Web Summit Ventures typically joins rounds of $1.6M–$10M at Seed, $7.5M–$35M at Series A and $15M–$50M 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 Web Summit Ventures participates in.

### When did Web Summit Ventures last invest?

The most recent investment recorded for Web Summit Ventures closed in Jul 2023. Shizune tracks 12 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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