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Venture Capital
karma.vc

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Investments

29

Portfolio Exits

4

Funds

2

Partners & Customers

1

About Karma Ventures

Karma Ventures is an early-stage venture capital firm that specializes in late seed and Series A round investments.

Karma Ventures Headquarter Location

Toompuiestee 33a

Tallinn, 10149,

Estonia

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Latest Karma Ventures News

Estonia’s Karma Ventures brings in €100 million to continue backing European deeptech

Nov 29, 2021

dan@tech.eu Tallinn-based Karma Ventures has closed its second fund with a hard cap at €100 million. The firm will use the capital to continue backing the most promising early-stage European deeptech startups in Seed and Series A rounds, with a ticket size ranging up to €5 million. Led by Tommi Uhari , Margus Uudam , and Kristjan Laanemaa , the trio has over a decade of experience both working with, and investing in deeptech startups with a number of successful exits to SAP, Synatrace, and Splunk, to name a few. The firm’s second fund is backed by Baltic Innovation Fund 2 (BIF 2), an initiative created by cooperation between the Republic of Estonia, the Republic of Latvia, the Republic of Lithuania and European Investment Fund, the founding engineers of Skype, Jaan Tallinn and Ahti Heinla (currently at Starship Technologies), Till Quack (Qualcomm, Apple, Mapillary), Jani Huoponen (Google) and Sergei Anikin (CTO at Pipedrive). They join longstanding investors Isomer, Skype founder’s investment company ASI and the pension funds of Swedbank and LHV. “We are very grateful for the extremely strong vote of confidence from our existing and new investors,” commented Uudam. “Closing Karma II marks another significant milestone in our mission to partner with deep-tech start-ups in Europe solving significant global challenges. Having a strong background in deep-tech and being confident with the technological risks involved, we aim to help founders build companies with positive global impact.” Founding partner Kristjan Laanemaa added, “The Nordic-Baltic region has the highest density of unicorns per capita in Europe. This is creating an inspiring environment for strong deep tech startups. We are excited to leverage our deep tech startup expertise in all of Europe.” Share this:

Karma Ventures Investments

29 Investments

Karma Ventures has made 29 investments. Their latest investment was in Wirepas as part of their Series D on September 9, 2021.

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Karma Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/1/2021

Series D

Wirepas

$11.84M

Yes

4

7/14/2021

Series B

Sonarworks

$6M

No

1

6/15/2021

Series A - II

Xolo

$3.64M

No

1

2/23/2021

Series B

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$99M

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10

12/9/2020

Seed VC

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$99M

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10

Date

9/1/2021

7/14/2021

6/15/2021

2/23/2021

12/9/2020

Round

Series D

Series B

Series A - II

Series B

Seed VC

Company

Wirepas

Sonarworks

Xolo

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Amount

$11.84M

$6M

$3.64M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

4

1

1

10

10

Karma Ventures Portfolio Exits

4 Portfolio Exits

Karma Ventures has 4 portfolio exits. Their latest portfolio exit was SpectX on September 14, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/14/2021

Acquired

2

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10

00/00/0000

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10

00/00/0000

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10

Date

9/14/2021

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

2

10

10

10

Karma Ventures Fund History

2 Fund Histories

Karma Ventures has 2 funds, including Karma Ventures II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/29/2021

Karma Ventures II

$113M

2

5/22/2018

Karma Ventures I

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$99M

10

Closing Date

11/29/2021

5/22/2018

Fund

Karma Ventures II

Karma Ventures I

Fund Type

Subscribe to see more

Status

Amount

$113M

$99M

Sources

2

10

Karma Ventures Partners & Customers

1 Partners and customers

Karma Ventures has 1 strategic partners and customers. Karma Ventures recently partnered with SpectX on September 9, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

9/15/2021

Partner

SpectX

Estonia

1

Date

9/15/2021

Type

Partner

Business Partner

SpectX

Country

Estonia

News Snippet

Sources

1

Karma Ventures Team

3 Team Members

Karma Ventures has 3 team members, including current Founding Partner, Kristjan Laanemaa.

Name

Work History

Title

Status

Tommi Uhari

Founder

Current

Kristjan Laanemaa

Startup Wise Guys, Seedcamp, Ambient Sound Investments, and LHV Pank

Founding Partner

Current

Margus Uudam

Ambient Sound Investments, Eesti Energia, and HF Company

Founding Partner

Current

Name

Tommi Uhari

Kristjan Laanemaa

Margus Uudam

Work History

Startup Wise Guys, Seedcamp, Ambient Sound Investments, and LHV Pank

Ambient Sound Investments, Eesti Energia, and HF Company

Title

Founder

Founding Partner

Founding Partner

Status

Current

Current

Current

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