FOV Ventures Research
Investment Thesis
FOV Ventures is Europe's go-to fund for ambitious founders building the next era of computing. They focus exclusively on the convergence of frontier technologies including Spatial Computing, XR, AI, Gaming, 3D, and Robotics. The fund operates with deep domain expertise stemming from nearly a decade of experience as founders, investors, and operators in these spaces. Their belief is that succeeding at scale in emerging technology requires a cooperative ecosystem of innovators united by a common vision.
Sector Focus
FOV Ventures invests at the intersection of four key technology areas:
- Spatial Computing and AR/VR platforms
- AI and machine learning applications
- 3D technology and generative 3D tools
- Robotics and automation
They invest across consumer, enterprise, and industrial applications, as well as at the infrastructure and 'picks & shovels' layer. The fund explicitly supports gaming and media experiences built on these technologies, particularly emphasizing immersive applications.
Stage Focus
FOV Ventures is primarily an early-stage investor with stated focus on pre-seed and seed investments. They position themselves as backing founders "from day zero" and meeting founders as early as possible. They also participate in seed-stage rounds.
Check Size
Based on disclosed information, FOV Ventures provides initial investments of €100k-€1m per deal:
- Pre-seed: €100k-€500k
- Seed: €500k-€1m
- Typical initial check: €250k-€500k
The fund reserves capital for follow-on investments in their portfolio companies.
Lead Tendency
FOV positions itself as default collaborative and loves to bring in other investors and value-add angels. They can lead pre-seed rounds or follow at seed. Their recent activity shows they both lead and co-lead investments.
Recent Activity
FOV Ventures has been actively deploying recently:
- October 2025: Led pre-seed investment in Levtek (cognitive robots)
- 2025 investments include: IXI (autofocus glasses), ai|coustics (audio AI), and others
- Early 2025: Backed multiple seed-stage companies
- Notable recent: M-XR (3D capture), Nunu.ai (game testing AI), Scenario (game asset generation)
Fund status appears to be actively deploying from Fund I, with 30+ portfolio companies disclosed.
Portfolio Highlights
FOV has invested in 30+ portfolio companies across their focus areas:
- Levtek - Cognitive robotics (Sweden)
- IXI - Autofocus glasses (Finland)
- Distance - Deviceless mixed reality for automotive (Finland)
- Nunu.ai - AI agents for game testing (Switzerland/US)
- M-XR - 3D capture technology (UK)
- Scenario - AI-generated game assets (France/US)
- Move AI - Motion capture for metaverse (UK)
- Zenos - Virtual e-sports stadium (UK)
- Starstuff - 3D creation tools on mobile (Finland)
- GEEIQ - Metaverse intelligence platform (UK)
Team
FOV's team combines deep expertise in XR, gaming, and technology:
- Dave (UK) - Founding Partner, led HTC's $100M Vive X fund in EMEA, part of SoundCloud's founding team
- Petri (Finland) - Founding Partner, former Managing Director at Nordic XR Startups, managed €30M program at Business Finland
- Sointu (Finland) - Head of Platform, founder of MelloVR, former CRM founder
- David (France) - Venture Partner, ex-Google and Netflix leadership, founder of AR platform Poplar
The team explicitly positions itself as "ex-founders and operators backing visionary teams."
Geographic Focus
Explicitly European focus with offices in Helsinki, London, and Paris. Investments are across Europe, with some selective global participation (US, Switzerland investments noted).
Founder Preferences
FOV seeks:
- Visionary technical founders in spatial, AI, 3D, and robotics
- Teams with deep domain expertise in their focus areas
- Founders willing to build products for emerging platforms
- Collaborative founders who benefit from their intro network
Fund Status
FOV Ventures Fund I is actively deploying with 30+ portfolio companies. Team communication indicates ongoing deployment and recent investments as of Q4 2025. Fund appears to be in active investment phase.
Decision Process
Based on team structure and public communication, FOV uses a partnership model with collaborative decision-making. They indicate quick decision-making capability and describe themselves as "default collaborative."
Warmth and Involvement
FOV explicitly positions themselves as providing:
- Deep domain expertise support
- "Intro machine" for customer and investor introductions
- EDGE network access (extended network of exited founders and industry leaders)
- Hands-on operational support
- Board-level involvement
Their tagline emphasizes "human first" approach and "candid conversations, proactive help, and partnership built on trust."