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Cardumen Capital

Asia, Tel Aviv, Israel, Tel Aviv-yafo

Description

Cardumen Capital is a prominent global venture capital and asset management firm with a strategic presence in Tel Aviv, Madrid, and Paris. The firm is dedicated to investing in world-class founders who are at the forefront of bringing future technologies into the present. With a strong focus on deep tech, Cardumen Capital targets innovative companies developing B2B software, cybersecurity solutions, artificial intelligence, big data analytics, IoT, and Industry 4.0 applications. Their investment strategy is centered on identifying disruptive technologies and scalable business models that address significant market needs.

The firm primarily invests in early-stage companies, typically from Seed to Series B rounds. Cardumen Capital manages several funds, demonstrating its commitment to various technology verticals. For instance, their Cardumen Capital Fund I closed at €60 million, while the subsequent Cardumen Capital Fund II significantly expanded their capacity with a close of €120 million. These funds underscore their increasing influence and ability to deploy substantial capital into promising ventures across their target sectors.

Cardumen Capital's typical initial investment ranges from €1 million to €5 million, often taking a lead or co-lead position in funding rounds. This translates to approximately $1.08 million to $5.4 million in USD, based on recent exchange rates. Beyond capital injection, the firm is known for its hands-on, value-add approach, providing portfolio companies with strategic guidance, access to new markets, and support in talent acquisition. They leverage their extensive network across Europe and Israel to facilitate growth and foster strategic partnerships for their portfolio companies.

Their unique positioning as a bridge between the vibrant Israeli tech ecosystem and the broader European market allows them to identify and nurture high-potential startups. Cardumen Capital's commitment to fostering innovation and supporting founders through critical growth stages makes them a significant player in the deep tech investment landscape. They aim to build long-term relationships with entrepreneurs, helping them scale their technologies and achieve global impact.

Investor Profile

Cardumen Capital has backed more than 37 startups, with 5 new investments in the last 12 months alone. The firm has led 11 rounds, about 30% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in Israel, United States, United Kingdom.
  • Strong thematic focus on Artificial Intelligence (AI), Software, SaaS.
  • Led 1 rounds in the past year.
  • Typical check size: $1.1M – $5.4M.

Stage Focus

  • Seed (57%)
  • Series A (22%)
  • Pre Seed (11%)
  • Series B (5%)
  • Series Unknown (3%)
  • Convertible Note (3%)

Country Focus

  • Israel (59%)
  • United States (32%)
  • United Kingdom (5%)
  • Germany (3%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Software
  • Saas
  • Machine Learning
  • Enterprise Software
  • Generative Ai
  • Productivity Tools
  • Information Technology
  • Developer Tools
  • Mechanical Engineering
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Cardumen Capital frequently co-invest with?

XT Venture Capital
Asia, Tel Aviv, Israel, Tel Aviv
Co-Investments: 2
StageOne Ventures
Asia, Tel Aviv, Israel, Herzliya
Co-Investments: 3
OurCrowd
Asia, Yerushalayim, Israel, Jerusalem
Co-Investments: 4
Boston Seed Capital
North America, Massachusetts, United States, Boston
Co-Investments: 2
Meron Capital
Asia, Tel Aviv, Israel, Tel Aviv
Co-Investments: 3
Tuesday Capital
North America, California, United States, San Francisco
Co-Investments: 3
Glory Ventures
Asia, Shanghai, China, Shanghai
Co-Investments: 2
Cleveland Avenue
North America, Illinois, United States, Chicago
Co-Investments: 2
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 5
Varana Capital
North America, New York, United States, New York
Co-Investments: 4

Which angels does Cardumen Capital often collaborate with?

BB
North America, California, United States, San Francisco
Shared Deals: 1
BS
North America, California, United States, San Francisco
Shared Deals: 1
AA
Asia, Israel
Shared Deals: 1
Ariel Maislos
Asia, Israel
Shared Deals: 3
Shared Deals: 1
AF
North America, California, United States, Oakland
Shared Deals: 1
AS
North America, California, United States, San Francisco
Shared Deals: 1
Benny Schnaider
Asia, Israel
Shared Deals: 1
AG
North America, California, United States, San Francisco
Shared Deals: 1
CW
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Cardumen Capital?

Brandlight

Tel Aviv, Tel Aviv, Israel

Brandlight engages in AI Insights and Influence System.

Artificial Intelligence (AI)Information Technology
Pre SeedApr 16, 2025
Amount Raised: $5,750,000
TastyUrban

Berlin, Berlin, Germany

TastyUrban is in the process of developing a new generation of restaurant usage and strategy.

Food and BeverageFood DeliveryFood Processing
Series AMar 13, 2025
Amount Raised: $7,055,677
bananaz

Tel Aviv, Tel Aviv, Israel

bananaz is an AI-powered design change management tool enabling mechanical engineering teams to streamline design workflows.

Artificial Intelligence (AI)Computer VisionHardwareInformation TechnologyMechanical EngineeringProduct DesignSoftware
SeedDec 3, 2024
Amount Raised: $5,300,000
Alison AI

Tel Aviv-yafo, Tel Aviv, Israel

Alison.ai is the world's best AI-powered creative (Video) Analysis platform.

Artificial Intelligence (AI)Enterprise SoftwareSaaS
SeedNov 12, 2024
Amount Raised: $13,300,000
Verax AI

London, England, United Kingdom

Verax AI plans to create a Control Center for organizations to manage LLMs, simplify AI use, and promote ethical AI.

DevOpsEnterprise SoftwareGenerative AI
SeedOct 30, 2024
Amount Raised: $7,600,000
Nagish

New York, New York, United States

Nagish makes communication more accessible.

SoftwareTelecommunications
Series AJul 10, 2024
Amount Raised: $11,000,000
illumex

Tel Aviv, Tel Aviv, Israel

illumex is a Generative Semantic Fabric for complex enterprises. Automate your unified business data language.

Artificial Intelligence (AI)Data CenterMapping Services
SeedJun 25, 2024
Amount Raised: $13,000,000
Tomato.ai

Danville, California, United States

Tomato AI is a developer of AI-based voice clarity software used for clearer and more efficient agent calls.

Artificial Intelligence (AI)Call CenterCustomer ServiceGenerative AIOutsourcingSoftware
SeedJun 7, 2024
Amount Raised: $2,100,000
Verax AI

London, England, United Kingdom

Provides enterprise-grade trust solutions for Generative AI

DevOpsEnterprise SoftwareGenerative AI
SeedApr 18, 2024
Amount Raised: $7,000,000
NeuReality

Caesarea, Hefa, Israel

NeuReality is a semiconductor start-up that designs AI-as-a-service infrastructure.

Artificial Intelligence (AI)Machine LearningSoftware
Series AMar 19, 2024
Amount Raised: $20,000,000