MSM

MSM (MSM Fund) is an early-stage venture capital fund based in Lisbon, Portugal, with a broad investment mandate across Europe. Established in 2021, MSM operates as a generalist impact fund, seeking to back companies that not only demonstrate strong commercial viability but also generate positive societal or environmental impact. The fund is managed by Mustard Seed Maze, a collaborative venture between Mustard Seed and Maze, combining their expertise to identify and nurture promising startups. Their investment philosophy centers on supporting founders who are building solutions for critical global challenges.

TheThe fund primarily targets pre-seed and seed-stage companies, positioning itself as a crucial early capital provider for nascent ventures. MSM's initial check size typically ranges from €200,000 to €500,000, which translates to approximately $216,000 to $540,000 based on recent exchange rates. While described as generalist, their impact focus naturally leads them to sectors such as Climate Tech, Future of Work, Digital Health, Circular Economy, Sustainable Food, EdTech, FinTech, and Deep Tech. This strategic alignment ensures that their portfolio companies contribute to a more sustainable and equitable future.

MSM aims to build a concentrated portfolio, typically investing in 10 to 15 companies per fund. This focused approach allows them to provide more hands-on support and leverage their network to help portfolio companies scale. Beyond capital, MSM emphasizes its role as a supportive partner, offering strategic guidance and operational assistance to founders. Their commitment to impact investing, combined with a clear early-stage focus and a pan-European reach, positions MSM as a significant player in the European impact tech ecosystem, actively shaping the next generation of mission-driven businesses.