Senovo Fund IV

About Senovo Fund IV

Munich- and Berlin-based Senovo closed its fourth fund above $100M. Across 12 years and four funds the firm has made 40+ initial investments, produced 13 exits, and counts three unicorns. Fund IV continues its specialist B2B software thesis: high-conviction Seed and Series A checks (€1-5M) into European teams building category-defining enterprise software, with a growing tilt toward AI-native, cybersecurity, and industrial tech.

Investment Focus

Location / RegionGermany

Funding StageSeed

Industry Focus

Ai Ml

Cybersecurity

Enterprise Software

Iot

Investor Signals Profile

active

Sweet Spot

European B2B SaaS founder post-PMF targeting enterprise at Seed/A

B2B SaaS

AI-first

cybersecurity & infra

European seed/Series A

category redefiners

Bullish Signals

Parloa hit $3B valuation (unicorn)external

3 unicorns, 13 exits in portfolioexternal

IBM acquired portfolio co Mantaexternal

40+ investments since 2013external

Active new deals: Synthavo, Mondaexternal

Contrarian Signals

Very few deals per yearexternal

Europe-first bias; US secondaryexternal

Strict post-PMF entry onlyexternal

Founder Do's

Show early revenue + first customers

Target mid/large enterprise digitalization

Build AI-first or deep tech B2B product

Plan for US expansion early

Come with scalable GTM thinking

Founder Don'ts

No pre-revenue / pre-PMF

No B2C or consumer plays

No top-down-only financial planning

Key GPs & Partners

Lucas (last name unknown)

Partner

operator-mindedSaaS-focusedmodel-builder

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Fund Overview

Fund Size$100M+

Saves0

Website

Key People

Lucas (last name unknown)Partner