Maki.vc

What they fund

First-round checks under €5M for early-stage companies. [1], Deep tech and quantum computing hardware/software. [1][3], AI-native applications and infrastructure. [3], Fintech and consumer technology startups. [3], Nordic founders with global ambitions. [1]

Investment thesis

Maki.vc partners with exceptional technical founders to build category-changing global companies from Day 0, focusing on deep tech, infrastructure, and software. [1]

• Quantum & Deep Tech Leadership — Backing foundational hardware and software companies like IQM Quantum Computers to expand horizons beyond the state of the art. [1][2]
• Early-Stage First Round Partner — Specializing in first rounds under €5M, providing decisive checks and consequent rounds to support founders from 0 to 1. [1]
• Global Mindset for Nordic Founders — Helping exceptional Nordic founders build thriving global companies, leveraging a network of operator and talent connections. [1]

Credibility: The firm's website and portfolio page explicitly state their focus on deep tech, quantum, and early-stage Nordic founders, with IQM as a flagship investment. [1][3]

Value add

Maki.vc provides fast, decisive checks and access to a global network of VCs and talent. [1]

Fit verdict: Ideal for technical founders seeking early-stage capital and strategic support for global expansion.

Founder diligence script:

• How does Maki.vc support portfolio companies in navigating international markets?
• What is the typical follow-on investment strategy for Maki.vc?
• How does Maki.vc leverage its operator network to assist portfolio companies?

Portfolio focus

IQM Quantum Computers (Quantum, Series A+), IXI (Consumer, Series A+), CARS (AI, Series A+), Distance (AI, Seed), Enfuce (Fintech, Series A+)

Notable investments & exits

IQM Quantum Computers announced its IPO in February 2026, with an estimated initial valuation of $1.8 billion. [5], Ultmate.ai, a portfolio company, was acquired by Zendesk. [4]

Strategic implications

Maki.vc's focus on deep tech and quantum computing positions it as a key player in the Nordic innovation ecosystem. The firm's hands-on approach and network provide significant value to portfolio companies, enhancing their chances of success. Maki.vc's success with IQM's IPO signals its ability to back and scale deep tech companies to global prominence.

Where they could go further

Maki.vc could expand its focus to include more AI infrastructure and data-centric startups. The firm could enhance its support for portfolio companies in navigating regulatory challenges in emerging tech sectors. Maki.vc could leverage its network to facilitate more cross-border partnerships and collaborations for its portfolio companies.