Stefan Walter co-founded NAP after founding his own company, bringing firsthand operator experience to his work with early-stage founders, and studied finance, tax law, and international corporate law to help founders specifically with funding strategy, financial modeling, and investor communications. He invests in expert founders solving hard problems in enterprise tech, focusing on companies with proprietary data, instant customer utility, and strong system interoperability, while emphasizing practical support on non-glamorous topics like follow-on fundraising and international expansion.
About their Fund
Sectors
SaaS, AI
Rounds
Pre-Seed - Seed
Avg Check Size
€1M - €4M
Notable Investments
NAP is a rebranded venture capital fund that backs expert founders with deep technical expertise solving hard enterprise problems at the intersection of physical industries, digital systems, financial services, and energy. The fund operates with a small operator-heavy team, daily investment committee meetings for fast decisions, and positions itself around nerds and pioneers building non-obvious, difficult-to-build products rather than following trends.
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
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
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Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
+
2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
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4
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Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
7
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
2
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Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
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2
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Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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