# NAP: portfolio, investments and team

> NAP is a vc firm based in Germany. 138 investments on record, 22 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/nap (Millionrounds; every figure on the page links to its filing or article)

Germany · [Investor](https://millionrounds.com/investors)

# NAP

Last cheque observed Sep 2026; 138 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed AI Software Construction

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Deploying now

**79%** of best year **22** **cheques in 12 months**, 138 on record

Since the last cheque **60** days **00** hrs **00** min **00** sec

Median round **$6.0M** Rounds led **0 of 138** Sole investor **36 rounds** Exits **1 from the portfolio** Mostly in **United States, 45%**

Pitch NAP

## NAP highlights

- 01 22 cheques in the last 12 months
- 02 Mostly Seed and Venture: 59% of its rounds
- 03 Sole investor in 36 rounds, median $2.0M
- 04 1 exits from the portfolio

## What they do

> All backed at pre-seed or seed. From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed
- **Sectors:** AI Software Construction
- **Based in:** Berlin, Germany
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **138 appearances**

- **2026** 17 rounds
- **Sept** **[Empirik](https://millionrounds.com/company/empirik)** Seed · US **$21M** With 4 others
- **Aug** **[Flip](https://millionrounds.com/company/flip)** Venture · US **$25M** With 3 others
- **Jun** **[Companion.energy](https://millionrounds.com/company/companion-energy)** Seed · BE · Realyze Ventures **$9.0M** With 4 others
- **Jun** **[Zalera](https://millionrounds.com/company/zalera)** Pre-seed · DE **$3.5M** With 2 others
- **Jun** **[Almetra](https://millionrounds.com/company/almetra)** Series A · DE **$19M** With 1 other
- **May** **[Sofía](https://millionrounds.com/company/sofia)** Venture · MX **$21M** With 4 others
- **Apr** **[Patronus Group](https://millionrounds.com/company/patronus-group)** Venture · DE **$13M** With 3 others
- **Apr** **[SPREAD AI](https://millionrounds.com/company/spread-ai)** Series B · DE **$29M** With 3 others
- **Apr** **[Onsetto](https://millionrounds.com/company/onsetto)** Seed · US **$9.0M** With 1 other
- **Mar** **[Grand](https://millionrounds.com/company/grand)** Pre-seed · IE **$5.0M** With 1 other
- **Mar** **[BUMP](https://millionrounds.com/company/bump)** Seed · US **$180K** With 4 others
- **Mar** **[Sybol](https://millionrounds.com/company/sybol)** Seed · CO **$1.2M** Sole investor
- **Feb** **[Iris](https://millionrounds.com/company/iris)** Seed · SG **$5.0M** With 2 others
- **Feb** **[VoiceLine](https://millionrounds.com/company/voiceline)** Series A · DE **$12M** Sole investor
- **Jan** **[Fresh Coast Alliance](https://millionrounds.com/company/fresh-coast-alliance)** Grant · US **$1.0M** Sole investor
- **Jan** **[Mirror Mirror AI](https://millionrounds.com/company/mirror-mirror-ai)** Pre-seed · US **$1.1M** Sole investor
- **Jan** **[Verna](https://millionrounds.com/company/verna)** Seed · GB **$4.0M** With 1 other
- **2025** 23 rounds
- **Dec** **[Ascentra Labs](https://millionrounds.com/company/ascentra-labs)** Pre-seed · GB **$2.0M** Sole investor
- **Nov** **[Coverbase](https://millionrounds.com/company/coverbase)** Series A · US · Crunchbase News **$16M** With 6 others
- **Nov** **[Logistica OS](https://millionrounds.com/company/logistica-os)** Pre-seed · DE **$1.7M** With 1 other
- **Nov** **[Rapidise](https://millionrounds.com/company/rapidise)** Debt · US **$14M** Sole investor
- **Nov** **[Proof](https://millionrounds.com/company/proof)** Venture · US **$16M** With 5 others
- **Oct** **[Liberate](https://millionrounds.com/company/liberate)** Series B · US · TechCrunch **$50M** With 3 others
- **Sept** **[ModernFi](https://millionrounds.com/company/modernfi)** Series B · US · AlleyWatch **$30M** With 3 others
- **Sept** **[Super League Enterprise](https://millionrounds.com/company/super-league-enterprise)** US **$18M** With 1 other
- **Sept** **[Geniez AI](https://millionrounds.com/company/geniez-ai)** Seed · US **$6.0M** With 1 other
- **Sept** **[Barespace](https://millionrounds.com/company/barespace)** Seed · IE **$3.4M** With 2 others
- **Aug** **[Casca](https://millionrounds.com/company/casca)** Series A · US **$29M** With 4 others
- **Jul** **[Rapidise](https://millionrounds.com/company/rapidise)** Seed · US **$4.0M** Sole investor
- **Jun** **[Rally UXR](https://millionrounds.com/company/rally-uxr)** Series A · US **$11M** With 3 others
- **Jun** **[McMakler](https://millionrounds.com/company/mcmakler)** Venture · DE **Undisclosed** With 4 others
- **Jun** **[FISPAN](https://millionrounds.com/company/fispan)** Series B · CA **$30M** With 5 others
- **Jun** **[Conquest Planning](https://millionrounds.com/company/conquest-planning)** Series B · CA **$80M** With 5 others
- **May** **[Whalar](https://millionrounds.com/company/whalar)** Venture · GB **Undisclosed** Sole investor
- **Apr** **[UniteLabs](https://millionrounds.com/company/unitelabs)** Pre-seed · DE **$3.0M** With 2 others
- **Apr** **[Matalan](https://millionrounds.com/company/matalan)** Seed · GB **$34M** Sole investor
- **Apr** **[beSirius](https://millionrounds.com/company/besirius)** Seed · NL **$3.4M** With 1 other
- **Mar** **[Carbon](https://millionrounds.com/company/carbon)** Seed · US **$2.1M** With 2 others
- **Feb** **[SmartSuite](https://millionrounds.com/company/smartsuite)** Series A · US · TechCrunch **$13M** With 3 others
- **Feb** **[Ethos](https://millionrounds.com/company/ethos)** Seed · GB **$6.0M** With 3 others

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.

## What they claim to have backed

From their own portfolio page (on their website)

**2** of 29 we have independently watched raise

[AMPECO  ↗](https://millionrounds.com/company/ampeco)[Cohere  ↗](https://millionrounds.com/company/cohere) Almetra  ↗ BBoCC ↗ Charm  ↗ Clarisights  ↗ Companion.energy  ↗ Enzai  ↗ Flip  ↗ Forto  ↗ Grand  ↗ Kinnu  ↗ Logistica OS  ↗ Mangopay  ↗ Nory  ↗ Oblivious  ↗ PlanRadar  ↗ REKKI  ↗ SERA  ↗ SPREAD  ↗ Terramate  ↗ UniteLabs  ↗ Usercentrics  ↗ Verna  ↗ VoiceLine  ↗ Xaver  ↗ Zelara  ↗ be-Sirius  ↗ distil labs  ↗

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Gozaik](https://millionrounds.com/company/gozaik)** Bought by [Monster](https://millionrounds.com/fund/monster) **Undisclosed** Feb 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Pre-seed Seed

Median round joined **$6.0M** the round, not its cheque Alone, median **$2.0M**

Led 0 of 138 rounds **0%**

- **Sole investor:** 36 rounds
- **Last cheque:** Sept 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Seed said *48*
- Venture *26*
- Series A *22*
- Pre-seed said *14*
- Series B *11*
- Series C *4*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Canapi Ventures](https://millionrounds.com/fund/canapi-ventures) 28
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 8
- [Angel Invest](https://millionrounds.com/fund/angel-invest) 5
- [Gaingels](https://millionrounds.com/fund/gaingels) 4
- [Index Ventures](https://millionrounds.com/fund/index-ventures) 4
- [Plug and Play](https://millionrounds.com/fund/plug-and-play) 4

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## Who they invest alongside

The investors most often in the same rounds as NAP. A count of rooms they were both in, not a relationship either has claimed.

[**Canapi Ventures** VC firm **28** rounds together](https://millionrounds.com/fund/canapi-ventures)[**Y Combinator** Accelerator **8** rounds together](https://millionrounds.com/fund/y-combinator)[**Angel Invest** VC firm **5** rounds together](https://millionrounds.com/fund/angel-invest)[**Gaingels** Private equity **4** rounds together](https://millionrounds.com/fund/gaingels)[**Index Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/index-ventures)[**Plug and Play** Accelerator **4** rounds together](https://millionrounds.com/fund/plug-and-play)[**TTV Capital** VC firm **4** rounds together](https://millionrounds.com/fund/ttv-capital)[**Techstars** VC firm **4** rounds together](https://millionrounds.com/fund/techstars)[**DN Capital** VC firm **3** rounds together](https://millionrounds.com/fund/dn-capital)[**Fin Capital** Private equity **3** rounds together](https://millionrounds.com/fund/fin-capital)[**Nyca Partners** VC firm **3** rounds together](https://millionrounds.com/fund/nyca-partners)[**Right Side Capital Management** VC firm **3** rounds together](https://millionrounds.com/fund/right-side-capital-management)

## Recently backed

The latest companies NAP put money into.

[**Empirik** $21M · Sept 2026](https://millionrounds.com/company/empirik)[**Companion.energy** $9.0M · Jun 2026](https://millionrounds.com/company/companion-energy)[**Almetra** $19M · Jun 2026](https://millionrounds.com/company/almetra)[**Patronus Group** $13M · Apr 2026](https://millionrounds.com/company/patronus-group)[**SPREAD AI** $29M · Apr 2026](https://millionrounds.com/company/spread-ai)[**Onsetto** $9.0M · Apr 2026](https://millionrounds.com/company/onsetto)

## Quick answers about NAP

### What does NAP invest in?

NAP invests most often at Seed and Venture (59% of the rounds on record), in sectors such as AI, Software and Construction.

### How active is NAP?

138 investments on record, 22 of them in the last 12 months. The most recent was in Sept 2026.

### What has NAP invested in recently?

Its most recent investments on record: Empirik (Seed, Sept 2026), Flip (Venture, Aug 2026) and Companion.energy (Seed, Jun 2026).

### How big are NAP's cheques?

The median round it joins is $6.0M.

### Does NAP lead rounds?

Rarely, if at all: none of its 138 investments on record names it as the lead.

### Where does NAP invest?

Most of the companies it backs are in the United States (45%), Germany (20%) and the United Kingdom (13%).

### Is NAP investing now?

Yes: it is actively investing, with 22 investments in the last 12 months.

### Who does NAP invest alongside?

Most often Canapi Ventures (28 rounds together), Y Combinator (8 rounds together) and Angel Invest (5 rounds together).

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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=nap) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=nap)