Estonian Karma Ventures invests in US-based DRUID AI
The Estonian fund Karma Ventures participated in a $31M Series С round for US-based AI company DRUID AI. Other investors include Cipio Partners, TQ Ventures, Smedvig Ventures, and Hoxton Ventures.
Founded in Bucharest in 2018 by Liviu Drăgan and Bogdan Pietroiu, DRUID develops virtual assistants, or chatbots, through its conversational AI platform. The platform gives enterprises the tools to build and design conversational business applications (CBA). DRUID provides conversational experiences in more than 50 languages. The company's headquarters are located in New York.
Founded in 2016 by Kristjan Laanemaa, Margus Uudam, and Tommi Uhari, Karma Ventures is an early-stage venture capital firm, investing in late seed and A-series European startups. The firm injects up to €5M in the initial round and also makes follow-on investments in later rounds.
Cipio Partners is an investment management and advisory firm that invests in European technology companies in the growth stage. Founded in 2003, it has offices in Luxembourg and Munich.
TQ Ventures is a venture capital firm founded in 2018 in New York City (USA). Investment areas: consumer technology, fintech, healthcare, software, and gaming. Founders: Andrew Marks, Shuster Tanger, and Scooter Brown.
Smedvig Ventures is a venture capital firm that invests in technology startups in various sectors. Smedvig Ventures provides early-stage funding and support to help businesses grow from inception to significant success. The company was founded in 1996 by Johnny Hewitt and Peter Smedvig. Smedvig Ventures is headquartered in London, UK.
Hoxton Ventures is a venture capital firm that specializes in investing in early-stage technology companies, primarily in Europe and Ireland. The company was founded in 2013 and is headquartered in London, UK.
