Vanagon Ventures

Vanagon Ventures is a Munich-based pre-seed and seed venture capital firm founded in 2023 by Sandro Stark, Susanne Fromm and Axel Roitzsch to back AI-native and DeepTech founders across three themes, Industrial, Nature and Digital Infrastructure. The firm targets B2B startups at the pre-seed stage that tackle system-level challenges and build entirely new categories enabled by AI and deeptech, deliberately favouring companies whose development paths go beyond traditional software-as-a-service. Its sector scope spans deeptech, artificial intelligence, advanced manufacturing, future materials, geospatial intelligence, next-generation computing, industrial technology and eco-fintech. In January 2026 Vanagon announced the final close of its EUR 20 million inaugural Fund I, anchored by Allocator One, which is designed to act as the first institutional or lead investor in pre-seed AI and DeepTech companies across Europe, writing checks of up to roughly EUR 500,000 and aiming to build a portfolio of around 30 companies to help fill Europe's deeptech pre-seed funding gap. The three general partners bring complementary backgrounds: Axel Roitzsch is a serial entrepreneur who has taken companies through full growth cycles, Sandro Stark is a former Microsoft strategist who also co-founded a parametric climate-insurance startup, and Susanne Fromm is an INSEAD MBA with 15 years of corporate innovation, strategy and tech-investment experience. Early portfolio companies include Holy Technologies, ExoMatter and The Landbanking Group, alongside ventures in glass-based data storage, AI-powered visual inspection and AI-driven demand forecasting. By acting as a first institutional investor, Vanagon Ventures backs European AI and deeptech founders at the pre-seed stage.