Micro-fund

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Devotion Ventures

SEEEUSB2B SaaSFintechEnterpriseMarketplacesAI/ML

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Investment thesis

Devotion Ventures is a micro VC fund and venture studio founded in 2020 by the co-founders of Minna Technologies and Adfenix (Realforce), focused on supporting and investing in early-stage B2B SaaS companies led by courageous entrepreneurs driven to make a significant global impact. Between 2020 and 2022 the fund invested in 25 B2B SaaS startups and raised 25M SEK; in 2023 it evolved into Devotion Venture Studio, co-building companies from day one with pre-built operational teams, deep founder mentorship, and proven growth methodologies. The studio's stated goal is to give founders a 10x higher probability of reaching €10m ARR by providing capital, structured processes, and hands-on support across tech, sales, brand, finance, and legal — achieving profitability in months, not years.

Notable quotes

The most risk-reducing thing you can do today is not to think more. It is to call the market. Risk does not decrease with more planning. It decreases with market contact.

Jonas Karles · LinkedIn post by Jonas Karles · 2025

'I am just waiting for the right time.' That is the most expensive lie in the startup world. Certainty is a myth. Waiting isn't playing it safe. It is just stalling.

Jonas Karles · LinkedIn post by Jonas Karles · 2025

The best founders aren't afraid to be wrong. Real-world feedback is your most valuable asset. Early users care more about solving their problems than perfect features.

Jonas Karles · LinkedIn post by Jonas Karles · 2024

Recent investments

CompanyRoundSizeDate
allabrf.seSeed2023-07-03
JobbaticalSeries C$12m2022-09-09
PigelloSeed2022-06-01
BemloSeed2022-07-29
DeworkSeed2022-06-01
HomeQSeed2021-08-26
DefentrySeed2022-01-01
Bolagsplatsen.seSeed2021-10-01
LingioSeed2022-07-01
MeitnerSeed2022-10-01

Frequent co-investors

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