Where the fund points
KOMPAS invests from seed to Series B in industrial technology: manufacturing software, construction automation, building efficiency, supply-chain tooling. Fund II’s close signals continued LP appetite for the unglamorous half of AI, the part that touches physical operations rather than chat interfaces.
The European angle
Europe’s strength has never been consumer platforms; it is industry, and industrial AI is one of the few AI categories where European startups have a structural home advantage: proximity to factories, machine builders and regulation-heavy buyers.
What it means for founders
If you sell software into industrial or built-environment workflows, the European funding environment for your category just improved. These buyers move slowly but churn almost never; investors increasingly understand that trade. Lead with domain credibility, not model novelty, and the same AI stack that struggles in horizontal markets becomes a moat in vertical ones.