Observed Signal · Oct 9, 2024 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Backtrace Launches €30M Target AI Infrastructure and Developer Tools Fund
Backtrace, a new Munich-based technology fund founded by Michael Münnix and Dominik Tobschall, has launched with an initial volume of €10 million and a target total volume of €30 million to be reached within the next 12 months. The fund will invest in AI infrastructure, developer tools, and security startups, specifically so-called “picks and shovels” infrastructure technology that operates invisibly in the background. Backtrace plans to issue pre-seed checks between €750,000 and €1 million and seed checks above €1 million, targeting 20 to 25 startups. The fund is supported by Datadog co-founder Alexis Lê-Quôc, former Twilio CTO Ott Kaukver, Project A's Florian Heinemann, and family offices including Perpetual Investors and Speedinvest. Backtrace also aims to help European startups expand into the US market.
The launch of a new €30M VC fund focused on AI infrastructure and developer tools is relevant to the European tech and AI ecosystem, but has limited direct impact on the AdTech industry.
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Key Takeaways & Evidence Grounding
- Backtrace launched as a Munich-based tech fund with an initial volume of €10 million and a target volume of €30 million within 12 months.
- The fund was founded by Michael Münnix and Dominik Tobschall, former partners at Target Partners and Speedinvest.
- Backtrace focuses on AI infrastructure, developer tools, and security startups classified as 'picks and shovels' infrastructure technology.
- The fund plans to invest €750,000 to €1 million in pre-seed checks and over €1 million in seed checks across 20 to 25 startups.
- Supporters include Datadog co-founder Alexis Lê-Quôc, former Twilio CTO Ott Kaukver, Project A's Florian Heinemann, Perpetual Investors, and Speedinvest.
Connected Companies & Entities
5 Entities mapped“Backtrace wurde von Michael Münnix und Dominik Tobschall, ehemaligen Partnern von Target Partners und Speedinvest, gegründet....”
“Backtrace wurde von Michael Münnix und Dominik Tobschall, ehemaligen Partnern von Target Partners und Speedinvest, gegründet....”
“Unterstützt wird Backtrace unter anderem von Alexis Lê-Quôc, dem Datadog-Co-Founder, Ott Kaukver, dem ehemaligen Twilio-CTO, und Florian Hei...”
“Unterstützt wird Backtrace unter anderem von Alexis Lê-Quôc, dem Datadog-Co-Founder, Ott Kaukver, dem ehemaligen Twilio-CTO, und Florian Hei...”
“Unterstützt wird Backtrace unter anderem von Alexis Lê-Quôc, dem Datadog-Co-Founder, Ott Kaukver, dem ehemaligen Twilio-CTO, und Florian Hei...”
Ontology Mapping & Concepts
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