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Cusp Capital

www.cuspcapital.com

VCMatch tracks Cusp Capital as an investor focused on Enterprise SaaS, Vertical SaaS, and Cloud Infrastructure companies, Seed and Series A rounds, and Europe, Eu30, and Norway markets. Upload your deck to compare your startup against the full private matching profile.

Check Size

Not specified

Stages

Seed, Series A

Geography

Europe, Eu30, and Norway

Investment Thesis

Cusp Capital invests in European software and technology companies that are building foundational, category-defining digital infrastructures at lower levels of the stack. The firm’s thesis is that Europe can “reclaim its lead in infrastructure” by channeling world-class regional talent and research through Open Source models — encapsulated in the view that “Open Source is most potent way to structure infrastructure software” — which lowers barriers to entry, accelerates product-market fit and lets smaller teams tackle infrastructure problems historically dominated by large incumbents. They combine this infrastructure focus with support for Industry-Specific Operating Systems (ISOS), mass-market products that increase digital inclusion, and an ESG-minded approach (the “Genius of the AND”) to back entrepreneurs building durable, interoperable layers that enable future GPT-driven innovation.

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Investment Focus

Who should take a closer look

Cusp Capital is most relevant for founders raising Seed and Series A rounds in Enterprise SaaS, Vertical SaaS, Cloud Infrastructure, and Data Infrastructure, especially across Europe, Eu30, and Norway.

Focus statement

Cusp Capital primarily backs European entrepreneurs building category-defining digital infrastructure (especially OSS-led infrastructure and lower-level stack layers), Industry-Specific Operating Systems, and inclusive digital products — with an emphasis on regions and sectors with dense OSS communities and strong research/talent bases.

Value Add

  • Explicit Open Source-centered investment thesis: they argue "Open Source is most potent way to structure infrastructure software" and prioritize OSS-enabled go-to-market and product strategies.
  • Europe-first infrastructure focus: emphasis on helping Europe "reclaim its lead in infrastructure" and on regions with high OSS density (noted geographies include Norway, Sweden, Finland, Germany, Switzerland, the Netherlands and the United Kingdom).
  • Layered-stack and GPT-informed prioritization: they prefer lower-level infrastructure layers, GPT-specific infra, and technologies whose uniqueness in data/processing/execution demands tailored infra.
  • Combination of direct investing and a dedicated fund-of-funds: they manage direct investments and "a dedicated fund of funds that invests in regional and sector-specialist early-stage funds across Europe."
  • Track record and ecosystem roots: team claims >€600m invested across 100+ companies (examples: Zalando, Delivery Hero, Klarna, Personio).
  • Dual product focus: alongside infrastructure they explicitly back Industry-Specific Operating Systems (ISOS) and mass-market products targeting broader consumer/worker inclusion.

Stage And Sector Fit

Portfolio Highlights

Zalando

Ecommerce

Delivery Hero

Food Delivery

Klarna

Fintech

Scalable Capital

Wealthtech

data artisans

Data Platforms

Personio

Hr Software

SoSafe

Cybersecurity