🌟 Tensor Wrapped 2024 - the annual recap is here

Dear investors, startups, and friends,

Time is relative when you fly fast — and in 2024, Tensor Ventures soared. This year, we finalized exits, signed new investments, further supported our portfolio, attended global events, looked at 3200+ projects, found new offices and grilled on stage. 

Let’s take a closer look & shift gears:

Exits and distributions

• We successfully distributed proceeds from our first exit, Ultimate Suite. Our second exit, Neuronix AI Labs, was finalized with Microchip – another significant success of our deep tech investments.

Follow-on investments

• We supported growth of Fund 1 portfolio with follow-on investments in Scalpel, Antiverse, Bioo, QC82, and others, reaffirming our commitment to nurturing our portfolio companies as they scale and succeed.

Our Fund 2 announced

• This new fund, targeting €50M, represents a major milestone for Tensor Ventures. It is backed by the European Investment Fund (EIF) and the Czech Republic’s National Recovery Plan, making us the first Czech VC fund to secure EIF support under this initiative.

• The pipeline of our new fund has increased by 40%.

New fund investments

• Our first investment from Fund 2 was in Dynanic (Brnologic). Four additional investments are lined up to be announced in early 2025 in Sovereign Computing, TechBio & Industrial AI.

Partnerships and events

• In the past months alone, Tensor Ventures participated at major global events: Slush in Helsinki, Token2049 in Singapore, MeetTaipei in Taiwan, the Future of Computing in Munich, and How to Web in Bucharest.

• We proudly launched the 1st Quantum Hackathon and Quantum Day, hosted our LP Meetup, partnered up with Startup Kitchen on two major events and hold a countless number of presentations and panel discussions across universities and regions. 

• We announced partnerships with CERN Venture Connect, the Academy of Sciences, and TUM (Technical University of Munich) further strengthening our position as leaders in deep tech collaboration.

Momentum for the next frontier

• We also welcomed new talent to Tensor Ventures: Knarik Avanesyan (Marketing & Communication Manager), Ondřej Ptáček (CFO), and Jan Faflík (Senior Associate). Their expertise positions us to keep up the pace and scale new heights in 2025.

Looking ahead

Time may stretch and bend when you fly fast, but our focus remains sharp. Deep tech’s potential continues to expand, and Tensor Ventures is committed to staying ahead of the curve. With your trust and partnership, we’re ready to make 2025 a year of even greater breakthroughs. 

Here’s to a transformative 2025! Wishing you and your loved ones a joyful holiday season and a New Year filled with success, deep love, deep happiness, and deep tech.

Warm regards,

The Tensor Ventures team