
Senovo
Description
Senovo is a prominent Munich-based venture capital firm with a dedicated focus on early-stage B2B SaaS investments across the European landscape. The firm positions itself as a strategic partner for founders, providing not only capital but also operational expertise and network access to help accelerate growth for innovative software companies. Their investment thesis centers on identifying businesses with strong product-market fit, scalable revenue models, and the potential to disrupt or significantly impact large industries.
The firm's investment strategy is characterized by a hands-on approach, where they actively collaborate with portfolio companies on critical aspects such as go-to-market strategies, talent acquisition, and international expansion. Senovo typically targets companies from the Seed to Series A stages, looking for founders with ambitious visions and robust technological foundations. Their deep specialization in B2B SaaS allows them to offer tailored support, understanding the unique challenges and opportunities within this sector.
Financially, Senovo demonstrates a significant capacity for early-stage funding. They typically deploy initial checks ranging from €500,000 to €5 million, indicating their flexibility to support a diverse range of early-stage funding needs. This range allows them to participate in or lead significant rounds for promising startups. Furthermore, their commitment to the European B2B SaaS ecosystem is underscored by their latest fund, Senovo III, which was launched in 2022 with a target size of €100 million. This substantial capital pool enables Senovo to continue backing a new generation of B2B SaaS leaders and provides ample follow-on capacity for their successful portfolio companies.
Investor Profile
Senovo has backed more than 62 startups, with 4 new investments in the last 12 months alone. The firm has led 24 rounds, about 39% of its total and boasts 9 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Seed, Series B rounds (top funding stages).
- Majority of deals are located in Germany, United States, United Kingdom.
- Strong thematic focus on Software, SaaS, Information Technology.
- Led 2 rounds in the past year.
- Typical check size: $540K – $5.4M.
Stage Focus
- Series A (42%)
- Seed (31%)
- Series B (15%)
- Series Unknown (6%)
- Series C (3%)
- Series E (2%)
- Series D (2%)
Country Focus
- Germany (66%)
- United States (18%)
- United Kingdom (5%)
- Austria (5%)
- Switzerland (3%)
- Sweden (2%)
- Belgium (2%)
Industry Focus
- Software
- Saas
- Information Technology
- Business Intelligence
- Artificial Intelligence (Ai)
- Market Research
- Search Engine
- Big Data
- Enterprise Software
- Customer Service
Frequently Asked Questions
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