MSM

Mustard Seed Maze (MSM) is an impact investment firm based in Lisbon, Portugal, established in 2018. As a joint venture between Mustard Seed and MAZE, MSM focuses on early-stage ventures in Europe, specifically targeting companies at the pre-seed to Series A stages. The firm is dedicated to supporting entrepreneurs who are committed to creating sustainable businesses that address significant social and environmental challenges. With a fund size of 45 million euros, MSM aims to empower brave founders who are devising innovative solutions to some of the world's most pressing issues.

Michael Rosen

Venture Partner

34 past transactions

Biorce

Seed Round in 2024
Biorce is a pioneering HealthAI startup dedicated to revolutionizing drug development via artificial intelligence. The company's core product is a clinical AI assistant, designed to streamline clinical trials, enhancing both speed and cost efficiency. This platform grants access to clinical data, empowering researchers to accelerate medical advancements and ultimately improve patient outcomes.

Uplink

Venture Round in 2024
UpLink is a telecommunications company founded in 2016 by Carlos Lei Santos and Andre Francisco, headquartered in New York. The company is dedicated to expanding internet accessibility and affordability, viewing connectivity as a fundamental human right that drives growth and equalizes opportunities. UpLink operates a networking platform designed to enhance connectivity between nearby devices without relying on the traditional internet infrastructure. This platform utilizes mesh networks and device connectivity sources to facilitate offline networking, allowing businesses to develop software for sharing files, pictures, videos, and music at any time and from anywhere.

UpHill

Series A in 2024
UpHill is a digital health startup focused on enhancing patient care through its clinical pathway software, which integrates seamlessly with existing hospital information systems. The software automates tasks and bridges gaps in care, providing healthcare providers with a comprehensive view of patient status throughout their journeys. By leveraging evidence-based knowledge through structured clinical pathways, UpHill enables healthcare teams to improve patient outcomes and streamline care processes. The company collaborates with leading healthcare providers and life science organizations across Europe to minimize care variability and fragmentation, ultimately enhancing both patient outcomes and hospital revenues. UpHill is dedicated to ensuring that both healthcare professionals and patients receive optimal care at all times.

Yurtle

Seed Round in 2024
Yurtle is an insurance technologies company founded in 2021 and based in London, United Kingdom. It specializes in providing employee group insurance protection through a care management platform that aims to deliver financial benefits in the event of illness or accidents. Yurtle offers insurance packages tailored for employers, allowing them to safeguard their workers. Additionally, the company features a caregiver exchange that enables employees to seek advice and share experiences with others in similar situations. This support structure helps employees receive either a daily allowance or a lump sum payment in emergencies, thereby enhancing their financial security during challenging times.

WNWN Food Labs

Series A in 2023
WNWN Food Labs is a fermentation-based food technology company dedicated to producing sustainable and ethical alternative ingredients. Their focus is on creating delicious, harm-free, guilt-free products that are better for both the planet and its inhabitants. Notably, WNWN offers a cacao-free, eco-friendly alternative to chocolate, promoting healthier lifestyles and more sustainable food choices.

GoParity

Seed Round in 2023
GoParity is an online crowdfunding platform established in 2017 that facilitates investment in sustainable projects. By employing a peer-to-peer business model, GoParity allows individual citizens and companies to invest in initiatives they are passionate about, aiming to generate positive economic, social, and environmental impacts. The platform focuses on promoting sustainable solutions across various sectors, including renewable energy, blue economy, smart cities, rural development, and social entrepreneurship. Through its accessible investment opportunities, GoParity is committed to fostering a more sustainable and inclusive economic system.

Flecto

Venture Round in 2022
Flecto is an online rental marketplace that promotes sustainability by facilitating the rental of everyday items. The platform offers a diverse array of products, ranging from bicycles and college textbooks to wedding dresses, enabling customers to access goods without the need for immediate ownership. By encouraging the use of rented items, Flecto aims to reduce overconsumption and support a circular economy. This approach allows consumers to obtain necessary items in a cost-effective and environmentally friendly manner.

tl;dv

Seed Round in 2022
tl;dv is a company specializing in meeting productivity tools designed to enhance focus and engagement during meetings. Founded in April 2020 by Raphael Allstadt and Carlo Thissen in Köln, Nordrhein-Westfalen, tl;dv offers software that enables teams to record remote meetings and highlights key moments in real time. This functionality allows team members to efficiently review significant discussions and updates, ultimately saving time and ensuring everyone remains informed. By facilitating easier access to crucial information, tl;dv aims to improve overall meeting effectiveness and productivity.

Maven Pet

Pre Seed Round in 2022
Maven is a SaaS pet tech startup that provides a personal vet to track the pet’s safety and health 24/7. It focuses on using technology to improve the quality of life for pets, as well as offering pet owners peace of mind and a way to keep track of their pet's safety, health, and well-being on a continual basis through their own personal veterinarian. It was started by the founders of Findster Technologies in 2021 and is based in the US and Portugal.

Sojo

Pre Seed Round in 2022
Sojo offers clothing repair and tailoring services in fashion industry.

Ivy Protocol

Pre Seed Round in 2022
Ivy is building the infrastructure to connect pre-certified environmental projects with funding and resources — quicker, reliably, and easier to manage.

Connect Earth

Pre Seed Round in 2022
Connect Earth, founded in 2021 and based in London, is an environmental data company focused on providing accessible sustainability information. The company specializes in carbon tracking API technology, which allows users to understand the environmental impact of their daily spending. By standardizing carbon emissions data and calculating carbon footprints, Connect Earth empowers individuals and businesses to make informed, sustainable choices. Its API toolkit integrates sustainability insights into financial products, enabling financial institutions to offer customers transparent views of their climate impact. Through this approach, Connect Earth aims to bridge the gap between intent, knowledge, and action, fostering a culture of sustainable finance.

Chatterbox

Pre Seed Round in 2022
Chatterbox is a corporate language learning platform that connects professionals seeking language skills with native-speaking coaches who share similar professional backgrounds and interests. The platform enhances the learning experience by allowing users to practice actively with tutors, many of whom are displaced professionals currently underutilized in the job market. Chatterbox offers tutoring in various languages, including Arabic, French, Mandarin, and Spanish, and focuses on improving communication and cultural intelligence within corporate settings. The company aims to deliver effective language training that equips employees with the necessary business vocabulary to achieve professional fluency, resulting in high course completion rates. Co-founded by a former refugee and a Y Combinator alum, Chatterbox is supported by prominent investors.

Your Juno

Seed Round in 2022
Your Juno is a financial education platform dedicated to empowering women and non-binary individuals with essential financial knowledge. The company focuses on providing accessible and comprehensive financial education through workshops and resources, addressing topics that are often overlooked in traditional educational settings. By embracing an open and global financial system, Your Juno aims to help users improve their financial health regardless of their location or income level.

Knokcare

Series A in 2021
Knokcare is a healthcare platform that utilizes an app-based system to provide patients with a comprehensive approach to managing their health. The platform combines AI chatbots, video consultations, and in-home appointments to streamline the healthcare experience. Patients can engage with the AI chatbot for self-assessment, which helps determine the appropriate course of action, whether that be a video appointment or a face-to-face visit. If necessary, the platform can facilitate referrals to hospitals for more serious conditions. Additionally, Knokcare ensures the security of patient records, allowing medical institutions and healthcare providers to deliver effective care while maintaining confidentiality. By integrating various healthcare services into a single application, Knokcare enhances convenience for patients and improves efficiency within the healthcare system.

Clear

Venture Round in 2021
Clear B.V., founded in 2019 and based in Amsterdam, the Netherlands, provides personalized food recommendation plans aimed at promoting healthier lifestyles. The company utilizes intelligent, AI-driven programs to help users manage various aspects of their health, including nutrition, exercise, sleep, and stress. Unlike traditional activity trackers, Clear leverages biomarkers from wearables to deliver precise insights and recommendations. Its programs cater to specific needs, such as diabetes prevention, professional sports performance, and optimizing ketogenic diets. By integrating scientific use cases, Clear offers users actionable guidance rather than mere data, effectively connecting the relationships between sleep, diet, exercise, and stress.

UpHill

Seed Round in 2021
UpHill is a digital health startup focused on enhancing patient care through its clinical pathway software, which integrates seamlessly with existing hospital information systems. The software automates tasks and bridges gaps in care, providing healthcare providers with a comprehensive view of patient status throughout their journeys. By leveraging evidence-based knowledge through structured clinical pathways, UpHill enables healthcare teams to improve patient outcomes and streamline care processes. The company collaborates with leading healthcare providers and life science organizations across Europe to minimize care variability and fragmentation, ultimately enhancing both patient outcomes and hospital revenues. UpHill is dedicated to ensuring that both healthcare professionals and patients receive optimal care at all times.

Vanilla Steel

Seed Round in 2021
Vanilla Steel is a Berlin-based company that operates an electronic platform for buying and selling excess steel and stainless steel. It focuses on making it easier for buyers to source excess materials directly from European producers and processors. The platform offers a variety of products, including semi-finished, overrolling, and declassified materials, as well as aged inventory. As the only independent digital platform for excess steel in Europe, Vanilla Steel leverages technology to facilitate online auctions, enabling seamless transactions between buyers and suppliers. The founding team comprises four tech entrepreneurs with a combined 50 years of digital experience, dedicated to addressing industry challenges through innovative solutions.

GoParity

Pre Seed Round in 2021
GoParity is an online crowdfunding platform established in 2017 that facilitates investment in sustainable projects. By employing a peer-to-peer business model, GoParity allows individual citizens and companies to invest in initiatives they are passionate about, aiming to generate positive economic, social, and environmental impacts. The platform focuses on promoting sustainable solutions across various sectors, including renewable energy, blue economy, smart cities, rural development, and social entrepreneurship. Through its accessible investment opportunities, GoParity is committed to fostering a more sustainable and inclusive economic system.

IconoClass

Seed Round in 2021
IconoClass is an educational institution focused on equipping students with practical business development skills. Its core offering is a four-month intensive course, featuring hands-on learning experiences in partnership with prominent companies like Doctolib, Deliveroo, Spendesk, and SumUp. The curriculum prepares students for various roles such as sales development representative, business developer, customer success manager, account manager, sales operations, and commercial sales representative. IconoClass' platform facilitates learning from working professionals and aims to secure permanent job placements for its graduates upon completion of the course.

KETS Quantum Security

Series A in 2021
KETS Quantum Security Ltd, established in 2016 and headquartered in Bristol, United Kingdom, specializes in creating secure communication solutions leveraging quantum technologies. The company offers quantum key distribution (QKD) for secure data transmission and a low-power footprint chip designed to ensure future-proof, quantum-safe communications. Additionally, KETS provides quantum random number generation (QRNG), which serves as a cryptographic entropy source.

StudentFinance

Seed Round in 2021
StudentFinance is an educational financial services provider established in March 2019 in Madrid, Spain, by Mariano Kostelec. The company focuses on success-based financing to help students acquire skills for in-demand career opportunities, particularly in technical fields such as software engineering, data analysis, and cybersecurity. Utilizing advanced artificial intelligence models, StudentFinance identifies skill gaps across various industries and assesses student qualifications through a data-driven selection process. This approach allows the company to invest in individuals who are seeking to upskill, offering flexible financing options that enable them to pursue career advancement. Students repay their financial support after securing employment, aligning the company's success with the professional success of its clients.

Kitch

Seed Round in 2021
Kitch, Unipessoal Lda is a restaurant based in Lisbon, Portugal, founded in 2020. The company specializes in offering online food orders and delivery services, enabling restaurants to sell their dishes directly to customers. By providing a platform that empowers restaurants to manage their online sales on their own terms, Kitch enhances the dining experience for both consumers and food establishments.

Loctax

Seed Round in 2021
Loctax is a pioneering platform designed specifically for global in-house tax teams, focusing on collaborative tax compliance, risk management, and governance. It provides a centralized solution that enhances control over various tax responsibilities, including compliance, audits, and transfer pricing. By streamlining the management of tax-related data and simplifying the complexities associated with international tax regulations, Loctax empowers tax teams and stakeholders to work together effectively on global tax projects. The platform facilitates improved transparency and decision-making, ultimately helping organizations navigate the evolving landscape of corporate social responsibility and environmental, social, and governance (ESG) considerations.

tl;dv

Pre Seed Round in 2021
tl;dv is a company specializing in meeting productivity tools designed to enhance focus and engagement during meetings. Founded in April 2020 by Raphael Allstadt and Carlo Thissen in Köln, Nordrhein-Westfalen, tl;dv offers software that enables teams to record remote meetings and highlights key moments in real time. This functionality allows team members to efficiently review significant discussions and updates, ultimately saving time and ensuring everyone remains informed. By facilitating easier access to crucial information, tl;dv aims to improve overall meeting effectiveness and productivity.

Outmind

Pre Seed Round in 2020
Outmind is a French company established in 2019, based in Palaiseau. It specializes in developing a search engine that integrates with various internal tools, enabling users to efficiently access and organize relevant data such as emails and documents. By leveraging artificial intelligence, Outmind enhances team productivity by allowing users to search across multiple platforms, categorize institutional knowledge, and identify subject matter experts. This innovative approach helps businesses streamline their information retrieval processes and improve the management of reference documents.

Knokcare

Seed Round in 2020
Knokcare is a healthcare platform that utilizes an app-based system to provide patients with a comprehensive approach to managing their health. The platform combines AI chatbots, video consultations, and in-home appointments to streamline the healthcare experience. Patients can engage with the AI chatbot for self-assessment, which helps determine the appropriate course of action, whether that be a video appointment or a face-to-face visit. If necessary, the platform can facilitate referrals to hospitals for more serious conditions. Additionally, Knokcare ensures the security of patient records, allowing medical institutions and healthcare providers to deliver effective care while maintaining confidentiality. By integrating various healthcare services into a single application, Knokcare enhances convenience for patients and improves efficiency within the healthcare system.

Kitch

Pre Seed Round in 2020
Kitch, Unipessoal Lda is a restaurant based in Lisbon, Portugal, founded in 2020. The company specializes in offering online food orders and delivery services, enabling restaurants to sell their dishes directly to customers. By providing a platform that empowers restaurants to manage their online sales on their own terms, Kitch enhances the dining experience for both consumers and food establishments.

Omocom

Seed Round in 2020
Omocom AB is a Stockholm-based company specializing in the provision of micro-insurance products tailored for the sharing and renting economy. Founded in 2017 and originally named Sharin AB, the company rebranded in September 2019 to reflect its focus on creating innovative insurance solutions. Omocom offers a platform that simplifies and automates the insurance process for both short-term and long-term coverage, making it easier for users to access safe and secure insurance as part of their digital transactions. Its services are designed to integrate seamlessly with various online platforms, allowing clients to enhance resource utilization while promoting sustainability.

Rnters

Pre Seed Round in 2020
Rnters, Unipessoal Lda. is an online rental marketplace based in Lisbon, Portugal, that facilitates the renting of everyday items, including GoPros, bikes, video games, books, and various other products. Founded in 2016 by Guilherme Guerra, the platform allows users to save money by renting items they need while enabling others to profit from their underutilized assets. Rnters offers access to over 3,000 unique items, providing a cost-effective alternative to purchasing goods outright. The company's innovative approach supports a sharing economy, encouraging users to both rent and lend items, thereby enhancing resource efficiency and accessibility.

Valuebeat

Seed Round in 2020
Valuebeat is an innovative company specializing in HR and recruitment technology. It offers a SaaS-based talent lifecycle tool that assists organizations in measuring and mapping the employee values that shape their company culture. By analyzing and tracking the alignment between individual values and organizational culture, Valuebeat enables businesses to make informed, data-driven decisions aimed at enhancing employee satisfaction and retention. This approach helps organizations improve their cultural alignment, ultimately leading to better outcomes for both employees and the company as a whole.

StudentFinance

Seed Round in 2019
StudentFinance is an educational financial services provider established in March 2019 in Madrid, Spain, by Mariano Kostelec. The company focuses on success-based financing to help students acquire skills for in-demand career opportunities, particularly in technical fields such as software engineering, data analysis, and cybersecurity. Utilizing advanced artificial intelligence models, StudentFinance identifies skill gaps across various industries and assesses student qualifications through a data-driven selection process. This approach allows the company to invest in individuals who are seeking to upskill, offering flexible financing options that enable them to pursue career advancement. Students repay their financial support after securing employment, aligning the company's success with the professional success of its clients.

GoParity

GoParity is an online crowdfunding platform established in 2017 that facilitates investment in sustainable projects. By employing a peer-to-peer business model, GoParity allows individual citizens and companies to invest in initiatives they are passionate about, aiming to generate positive economic, social, and environmental impacts. The platform focuses on promoting sustainable solutions across various sectors, including renewable energy, blue economy, smart cities, rural development, and social entrepreneurship. Through its accessible investment opportunities, GoParity is committed to fostering a more sustainable and inclusive economic system.
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