Tenet AI Roll-Ups Fund

About Tenet AI Roll-Ups Fund

Berlin-based fund targeting €80M for AI-powered roll-ups across Europe. ~€27M raised at launch. Writes €5M inception cheques for founders acquiring and transforming SMBs with AI. First investment: Taxforce.

Investment Focus

Location / RegionGermany

Funding StageSeed

Industry Focus

Ai Ml

Enterprise Software

Vertical Saas

Investor Signals Profile

active

Sweet Spot

AI roll-up founder at inception with industry conviction

AI Roll-ups

AIPRO strategy

inception-stage

VC+PE hybrid

market transformation

Bullish Signals

First fund purpose-built for AI roll-upsexternal

Proprietary AIPRO framework + playbooksexternal

VC + Growth + PE hybrid modelexternal

Open resource hub: AI Roll-up Nexuswebsite

Covers SaaS-to-Services pivot pathwebsite

Debt raising guide signals capital sophisticationwebsite

Industry selection framework for AI roll-upswebsite

VC-scale financial model evaluation offeredwebsite

Contrarian Signals

Niche thesis — AI roll-ups onlyexternal

Unproven firm, no GP data publicexternal

2026 sentiment report — fund still earlywebsite

No named GPs visible on sitewebsite

Founder Do's

Build AI-powered roll-up from day 1

Show inorganic + organic growth plan

Demonstrate distribution strategy

Understand debt/capital structure

Target industry ripe for AI disruption

Founder Don'ts

Pure SaaS without services angle

Post-traction only — want inception stage

No roll-up thesis or M&A thinking

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Fund Overview

Fund Size€80M

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Website

Key People

Martin Janicki, Alexander Maly, Sahil Patwa, Simon Lohmann