Federico Wengi focuses on open-source companies and Italy, often investing right when a team forms rather than waiting for a traditional startup pitch, and he looks beyond major hubs to Tier 2 and Tier 3 cities in Germany and underserved parts of Southern and Eastern Europe. He has written in detail about pre-seed investing in Europe, including specific benchmarks for round size and dilution, and he speaks and writes often about open source as a real advantage for distribution, hiring, and trust, having moderated panels with figures like GitHub co-founder Scott Chacon and appeared on a podcast episode centered on his shift from closed to open source.
About their Fund
SquareOne describes itself as a fund for makers and doers, backing that up with a concrete first-customers guarantee for founders, a habit of investing in overlooked European hubs such as Dresden, Bochum, Giessen, Poland, the Czech Republic, and Italy, and a preference for technical founding teams with strong engineering and IP—sometimes investing the same day a company is legally founded. It has also built a clear thesis around open-source companies and deep tech, backing hard-to-underwrite bets like Semron’s new chip architecture and Edgeless Systems’ confidential-computing work, and its own history—self-funded through freelancing before becoming an institutional fund—reflects the operator-first mindset of a team that includes former entrepreneur Georg Stockinger and Paua Ventures founder Christian Buchenau.
















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