Margus Uudam built his venture career managing the global portfolio of Skype's co-founders starting in 2008, giving him hands-on experience with deep tech deals across the US, Europe, and Asia rather than just local opportunities. He defines deep tech specifically as technologies that large tech companies would rather buy than build themselves due to technological risk and resource costs, and he's unusually transparent with founders about the true capital intensity of building unicorn-scale companies—often citing that most unicorns raise $100-500M.
About their Fund
Sectors
Deeptech / Hardware, AI, SaaS, Cybersecurity, Fintech
Rounds
Seed - Series A
Avg Check Size
€1-5M
Notable Investments
Karma Ventures is led by former Skype executives who focus on deep-tech B2B software companies in the Baltics and Finland that have both defensible technology advantages and proven commercial traction at late seed and Series A stages. The fund operates on explicit "5 Principles of Karma" philosophy of paying knowledge forward and maintains hands-on engagement through deep-tech founder roundtables and sector-specific events.
Notable Fund
Investments
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Sheets they're in
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Sheets they're Fund is in
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
Robotics
Biotech
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12
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
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Defense
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7
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Unknown
Pre-Seed - Series A
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$100K - $5M
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Defense
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$250K - $2M
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Climate
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4
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Pre-Seed - Seed
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$400K - $1.5M
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Deeptech / Hardware
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$400K - $2M
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2
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Pre-Seed - Seed
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$250K-$1M
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