Agile Partners

What they fund

• Early-stage startups with technical teams [1]
• Software founders in Berlin & DACH [1]
• Deep tech and engineering-led ventures [1]
• Angel investments using the firm's own capital [1]
• Companies often needing first-time investors [1]

Investment thesis

Agile Partners is a private investment firm established by the founders of Astaro (acquired by Sophos in 2011) and Ocedo (acquired by Riverbed in 2016), leveraging their operational exit experience [1]. They make angel investments in early-stage startups, focusing on technical teams and often acting as the first investors [1]. The firm deploys its own capital with a long-term horizon, explicitly avoiding the constraints of traditional fund cycles [1].

Value add

Operational expertise from founders of successful exits (Astaro, Ocedo) [1]. Fit verdict: Ideal for technical founders seeking patient, non-dilutive capital and strategic guidance from seasoned operators. Founder diligence script:

• How does Agile Partners leverage its own operational experience in board meetings?
• What is the typical timeline for follow-on investments?
• How does the firm evaluate technical vs. business aspects of a pitch?
• What specific value-add services are offered beyond capital?
• How does Agile Partners handle conflicts of interest with its portfolio companies?

Portfolio focus

• axair-systems.eu (Aerial simulation, Berlin) [1]
• cerepal.ai (Autonomous robots, Berlin) [1]
• foreai.co (Software testing, Zürich) [1]
• inlyse.com (Malware detection, Karlsruhe) [1]
• promethion.io (Drone interception, Berlin) [1]

Notable investments & exits

Founders of Astaro (acquired by Sophos in 2011) [1]. Founders of Ocedo (acquired by Riverbed in 2016) [1].

Strategic implications

Agile Partners' edge lies in its founders' operational exit experience, providing unique strategic value to technical teams. The firm's long-term horizon and avoidance of traditional fund cycles allow for patient capital deployment, aligning with deep tech development timelines. A signal that would change the read is if Agile Partners shifts its focus from technical teams to business-led ventures, indicating a broader market strategy.

Where they could go further

Expand geographic focus beyond Berlin & DACH to access a broader pool of technical talent. Develop a structured follow-on investment process to support portfolio companies beyond the initial angel round. Establish a formal board seat policy to enhance governance and strategic alignment with portfolio companies. Increase transparency around investment criteria and decision-making process to attract more high-quality deals.