Early-stage AI · Nordics · €100k / €200k

We only invest in AI, and it’s all about the team.

We underwrite a team. The ambition, the agency and the rate of learning.

First cheque: €100k or €200k
Investment pace: Monthly
Decision lens: Team first
Focus: AI only
Stage: Early stage
Geography: Nordics

Memmo
Turns course notes and lectures into quizzes, flashcards, summaries and podcasts.
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Agaton
Real-time voice coaching for sales and service teams, inside their own tools.
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Grand
Cloud property management for hotels and venues, with AI through operations.
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Wilgot
Rewrites product catalogues so AI shopping agents can find them.
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Openroll
Compensation reviews, headcount planning and budgets, answered in plain language with an audit trail.
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Newly
Turns a plain-English brief into a shipped native iOS and Android app.
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Skattio
Finds where a Swedish company's salary and dividend decisions cost money.
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Empley
Workforce planning tied to strategy and budget, watched by AI agents.
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BuilderBase
Runs hackathons, accelerators and sprints end to end from one place.
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Monava
Acoustic machine learning that detects, classifies and locates drones by sound.
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Thesis

In AI, the team is the only thing that compounds

Models change monthly. Products get rebuilt in a weekend. Almost everything an investor is trained to price at this stage is provisional, and a defensibility story written before the first customer is a guess in a suit. What is legible early is how fast a team learns. That is what we underwrite, at a fixed cheque and a short decision path.

What changes after Foundry

Capital. €100k or €200k, depending on the team and need for speed.
Introductions. The first thing founders ask for, and the thing we spend most of our time on. Customers, talent, partners.
Operations. Best practices, do’s and don’ts and more, so you can build, ship and scale.
Community. Nothing is more valuable than getting and giving support with true peers, AI-native builders.