Karma Ventures

Karma Ventures is an early-stage venture capital firm based in Tallinn, Estonia, founded in 2016. The firm specializes in late seed and Series A investments, focusing on Europe’s most promising deep tech startups. Karma Ventures backs companies that demonstrate strong ideas coupled with unique technology, customer traction, and a global vision. The firm provides support to entrepreneurs in navigating their growth paths across various dimensions, including commercial, strategic, and technical aspects. By concentrating on deep-tech software companies, Karma Ventures aims to foster innovation and drive advancement in the European tech landscape.

Ska Sijia Du

Principal

Kristjan Laanemaa

Founding Partner

Arthen Sirola-Hashemi

Investment Manager

Tommi Uhari

Founder and Partner

Linda-Riin Voeras

Investment Manager

Linda Võeras

Investment Manager

Past deals in Iceland

Lucinity

Series B in 2022
Lucinity Holding ehf. is a company that specializes in anti-money laundering solutions through its platform, ClearLens. Founded in 2018 and headquartered in Reykjavík, Iceland, with an additional office in New York, Lucinity focuses on helping financial institutions like banks and fintech companies detect and prevent money laundering. The ClearLens platform enhances the capabilities of anti-money laundering teams by enabling them to identify suspicious behavior patterns, conduct pre-evaluations, review cases, and streamline compliance processes. By utilizing advanced technologies, including augmented intelligence and generative AI, Lucinity improves operational efficiency, reduces false positives, and continuously enhances the review process. The company's commitment to innovation and user experience has positioned it as a trusted partner for organizations seeking to navigate regulatory requirements and mitigate financial crime risks effectively.

Lucinity

Series A in 2020
Lucinity Holding ehf. is a company that specializes in anti-money laundering solutions through its platform, ClearLens. Founded in 2018 and headquartered in Reykjavík, Iceland, with an additional office in New York, Lucinity focuses on helping financial institutions like banks and fintech companies detect and prevent money laundering. The ClearLens platform enhances the capabilities of anti-money laundering teams by enabling them to identify suspicious behavior patterns, conduct pre-evaluations, review cases, and streamline compliance processes. By utilizing advanced technologies, including augmented intelligence and generative AI, Lucinity improves operational efficiency, reduces false positives, and continuously enhances the review process. The company's commitment to innovation and user experience has positioned it as a trusted partner for organizations seeking to navigate regulatory requirements and mitigate financial crime risks effectively.
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