Since 2008, we’ve invested in 10–12 early-stage startups per year. 17 of them have surpassed $100M ARR, with many more on the way.

Founded in Berlin in 2014, Marley Spoon is a global meal-kit company delivering chef-designed recipes and pre-portioned ingredients to home cooks across Australia, the United States, and Europe. Marley Spoon went public on the Australian Securities Exchange (ASX) in 2018.

Seed

2014

Mason was a feature-building platform that enabled product teams to design, build, and deploy front-end features together without full app releases. Positioned as “front-end as a service,” the company ceased operations in September 2019.

Pre-seed

2017

Founded in 2016, Mavenoid builds an AI agent for product support focused on physical products. The platform automates diagnostics and deflection, and escalates to live video assistance when needed, helping companies resolve complex issues faster, prevent unnecessary replacements, and improve customer experience across channels.

Seed

2018

Mention is a social listening and media monitoring platform that tracks brand, competitor, and industry mentions across social, news, blogs, and the web, with alerts, sentiment, and analytics for PR and marketing teams. Founded in 2012 in Paris, it was acquired by Mynewsdesk in 2018.

Seed

2013

merXu was a European B2B marketplace for renewable energy and industrial installations, connecting verified sellers with installers and wholesalers to trade PV modules, inverters, heat pumps, batteries, and EV chargers.

Seed

2020

Metalshub is a digital supply chain and trading platform for the metals and mining industry. Based in Düsseldorf, it connects buyers and sellers of metals and ferroalloys with integrated procurement tools, RFQ workflows, and proprietary price indices.

Seed

2018

Mission Barns develops cultivated pork fat and other animal fat ingredients that make meat alternatives and hybrid products taste and cook like conventional meat. Founded in 2018 in Berkeley, the company became the first to bring cultivated meat to US supermarkets.

Seed

2018

Mister Spex combines a powerful digital platform with a growing network of brick-and-mortar stores to simplify buying eyewear across Europe. Founded in 2007 and listed in Frankfurt since 2021, the Berlin-based company offers eye exams, fittings, and a wide selection of frames, lenses, and contacts.

Seed

2009

Moai.cash is a decentralized financial super app on Telegram offering zero-fee transactions, a crypto wallet, and prediction markets.

Seed

2022

Mokker.ai is an AI-powered product photography platform that turns simple product shots into studio-quality images. It removes backgrounds, offers customizable scenes and templates, and generates on‑brand visuals for e‑commerce, marketplaces, and ads—without a physical photoshoot.

Pre-seed

2020

Momox (one of Christoph's angel investments before starting P9) is Europe’s leading re-commerce platform for used books, media, and fashion. Founded in 2004 in Berlin, it buys items online at fixed prices and resells them via storefronts like medimops, extending product lifecycles and promoting circular consumption.

Seed

2009

Founded in 2017, NexHealth streamlines the patient journey—from booking to intake, reminders, and payments—by syncing directly with practice EHRs. The company also provides a universal EHR API, enabling developers to build healthcare apps that integrate across dozens of systems.

Seed

2019

Odyssey is an AI research lab building world models — systems that learn the physics, causality, and dynamics of the real world well enough to generate video you can move through and interact with in real time. Its Odyssey-2 model streams minutes-long, explorable simulations from a single text or image prompt.

Later-stage

2026

Oferteo is Poland’s largest online marketplace connecting people and companies seeking services with vetted contractors across home, construction, and business categories. The platform generates over 2 million requests annually and helps 700,000+ providers win new customers.

Seed

2011

Omnea is an AI-native procurement and supplier relationship management platform that streamlines intake, approvals, and renewals, centralizes supplier data, and automates third‑party risk and performance workflows across systems.

Pre-seed

2022

Ontruck is a European digital road‑freight platform that connects shippers with vetted carriers for full and part‑load palletized goods. Founded in Madrid in 2016, it uses real‑time tracking and route optimization to reduce empty miles, cut CO2, and deliver reliable, cost‑efficient transport across Spain and neighboring markets.

Seed

2016

Pento is a UK-focused payroll automation platform that lets companies run payroll in minutes with real-time calculations, HMRC and pension integrations, and error-reducing workflows. In 2024, Pento was acquired by HRIS provider HiBob to power native UK payroll within Bob.

Seed

2019

PersistIQ is a sales engagement and prospecting platform that helps small and mid-sized teams find new customers, personalize multi-channel outreach, and automate tasks across email, calls, and CRM. Acquired by Wishpond in 2021.

Seed

2014

Petsapp is a client communication and payments platform for veterinary clinics, offering SMS and WhatsApp chat, appointment booking, video consults, reminders, and digital payments – helping teams streamline workflows and improve the pet owner experience.

Seed

2020

PlayPlay is an AI-powered video creation platform that helps marketing and communications teams turn messages into professional, on‑brand videos in minutes – no editing skills required. Templates, brand kits, and automated captions, voiceovers, and translations let teams scale video across channels with consistency.

Seed

2018

Polar Analytics is an all-in-one ecommerce analytics platform for Shopify and omnichannel brands, unifying data from storefronts, ad platforms, and other sources into a single source of truth.

Seed

2022

Founded in 2008 around the Niania.pl domain, Pomocni runs six niche platforms that match families with vetted caregivers and home services across Poland. Today, the group is owned by Burda Media Home, part of Burda Media Polska.

Seed

2010

Poolside is a frontier lab building the most capable foundation models, agents, and enterprise systems to deploy them, starting with software development. Founded by Eiso Kant (founder of Athenian, a P9 portfolio company) and former GitHub CTO Jason Warner.

Seed

2023

Preply is a global online language learning marketplace that connects learners with expert tutors for 1-on-1 video lessons, using AI to personalize progress. With 100,000+ tutors across 90+ languages, it serves learners in 180+ countries.

Series A

2017

Procurify helps finance and operations teams manage purchasing and AP in one place, with budgets, approvals, vendor management, and smart spend cards that track spend in real time. Its AI-enhanced platform provides end-to-end visibility from request through payment.

Seed

2015