Vitulum Ventures

Vitulum Ventures BV is an Amsterdam-based Dutch micro venture capital firm founded in 2013 as a collaboration between six Dutch angel investors who pool their own capital rather than raising from external LPs, a structural choice the firm explicitly cites to highlight its mentorship orientation and lower pressure for fast returns. The firm was formed by co-founders Chang Ng and Ian Zein and is operated as a joint venture between holding companies Vidoze BV and CE Tech Invest BV. Between the six partners the team has more than 70 combined years of experience working in technology companies spanning technical, sales and finance roles, and they engage with portfolio companies primarily as mentoring shareholders helping founders cross the gap from a first working product to a proven business model, generally as a co-investor. Vitulum's mandate is seed-stage internet and mobile technology startups in the Netherlands, broader Europe and Singapore, with investment sectors centred on financial software, business and productivity SaaS, and consumer internet. Across approximately 9 to 11 publicly disclosed investments the portfolio includes Singapore-headquartered SME lender Capital Match, also the firm's most recent reported investment on January 25, 2018, Dutch PR-and-newsroom software Presspage, Canadian call-back software Fonolo and Wercker, and the firm has produced four exits to date, with Capital Match and Wercker among the most notable. New investment activity has been quiet since 2018. By pooling angel capital and acting as mentoring shareholders, Vitulum Ventures backs seed-stage software founders across the Netherlands, Europe and Singapore.