# Karma Ventures: portfolio, investments and team > Karma Ventures is a vc firm based in Estonia. 6 investments on record, latest Sept 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/karma-ventures (Millionrounds; every figure on the page links to its filing or article) Estonia · [Investor](https://millionrounds.com/investors) # Karma Ventures Last cheque observed Sep 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet VC firm Pre-seed Seed Series A Collaboration Tools Productivity Tools Subscription Follow Karma Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fkarma-ventures) Cheques on record **0%** of best year **0** **cheques in 12 months**, 6 on record Since the last cheque **426** days **00** hrs **00** min **00** sec Median round **$8.9M** Cheque size, as they say **$580K – $3.5M** Rounds led **2 of 6** Mostly in **Romania, 17%** Pitch Karma Ventures ## Karma Ventures highlights - 01 6 rounds on record - 02 Mostly Series A and Series C: 100% of its rounds - 03 Led 2 rounds ## What they do > Karma Ventures is a VC firm backing deep-tech software startups in Europe at late seed and Series A. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $580K – $3.5M as they say - **Stages:** Pre-seed Seed Series A - **Sectors:** Collaboration Tools Productivity Tools Subscription - **Based in:** Tallinn, Estonia - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **6 appearances** - **2025** 1 round - **Sept** **[DRUID AI](https://millionrounds.com/company/druid-ai)** Series C · RO · TechStartups **$31M** With 5 others - **2019** 5 rounds - **Aug** **[Commsignia](https://millionrounds.com/company/commsignia)** US · FinSMEs **$11M** *Led* - **Jul** **[Xolo](https://millionrounds.com/company/xolo)** Series A · EE · FinSMEs **$6.8M** With 2 others - **Jun** **[Realeyes](https://millionrounds.com/company/realeyes)** GB · FinSMEs **$12M** With 4 others - **Jun** **[Infermedica](https://millionrounds.com/company/infermedica)** PL · Mobihealthnews **$3.7M** With 3 others - **May** **[Sonarworks](https://millionrounds.com/company/sonarworks)** Series A · LV · Practica **$5.6M** *Led* An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **5** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. Who backs their funds ## 2 LPs on record in Karma Ventures's funds - **Funds:** 1 The institutions that put money into its funds, which the firm then invests in companies. Source: an LP list. - [**Ambient Sound Investments** 1 fund](https://millionrounds.com/fund/ambient-sound-investments) Fund Vintage Committed Karma Ventures - - - [**LHV Ventures** 1 fund](https://millionrounds.com/fund/lhv-ventures) Fund Vintage Committed Karma Ventures - - ## The cheque Pre-seed Seed Series A Median round joined **$8.9M** the round, not its cheque Led 2 of 6 rounds **33%** - **Said size:** $580K – $3.5M - **Sole investor:** Never alone - **Last cheque:** Sept 2025 Rounds by stage said on their site - Series A said *2* - Series C *1* - Pre-seed said *-* - Seed said *-* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Karma Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Karma Ventures put money into. [**DRUID AI** $31M · Sept 2025](https://millionrounds.com/company/druid-ai)[**Commsignia** $11M · Aug 2019](https://millionrounds.com/company/commsignia)[**Realeyes** $12M · Jun 2019](https://millionrounds.com/company/realeyes)[**Infermedica** $3.7M · Jun 2019](https://millionrounds.com/company/infermedica)[**Sonarworks** $5.6M · May 2019](https://millionrounds.com/company/sonarworks) ## On podcasts 1 episode naming Karma Ventures in the title. - [Tech.eu](https://millionrounds.com/podcasts/tech-eu) 15 Feb 2016 · 21 min Opera Software acquired, Karma Ventures, Student.com and how do Europe's new funds differentiate themselves Mentions [Karma Ventures](https://millionrounds.com/fund/karma-ventures)[Roxanne Varza](https://millionrounds.com/fund/roxanne-varza) Apple PodcastsShow page ## Quick answers about Karma Ventures ### What does Karma Ventures invest in? Karma Ventures invests most often at Series A and Series C (100% of the rounds on record), in sectors such as Collaboration Tools, Productivity Tools and Subscription. ### How active is Karma Ventures? 6 investments on record, 0 of them in the last 12 months, and it led 2. The most recent was in Sept 2025. ### What has Karma Ventures invested in recently? Its most recent investments on record: DRUID AI (Series C, Sept 2025), Commsignia (Undisclosed round, Aug 2019) and Xolo (Series A, Jul 2019). ### How big are Karma Ventures's cheques? The median round it joins is $8.9M. It says it writes cheques of $580K to $3.5M. ### Does Karma Ventures lead rounds? Yes: it led 2 of its 6 investments on record (33%). ### Where does Karma Ventures invest? Most of the companies it backs are in Romania (17%), the United States (17%) and Estonia (17%). ### Is Karma Ventures investing now? No investments in the last 12 months; the latest was in Sept 2025. ### What kind of investor is Karma Ventures? Karma Ventures is a VC firm based in Tallinn, Estonia. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=karma-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=karma-ventures)