Investors / Germany / backtrace
backtrace
Venture capital · Munich, Germany · Europe
backtrace is a pre-seed/seed fund that invests in technology building blocks. It lists portfolio companies and prior angel investments including Abusix, Adjust, ArangoDB, Ona, Instana, Qovery, Seqera, SO1, SOC.OS, Swarm64, Taktile and Wasmer.
Invests inAI & Machine LearningCybersecurity
In its own wordsdeveloper toolsinfrastructureplatform engineeringsoftware
Your fit with backtrace
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsbacktrace lists 14 checked portfolio companies on its own site and is named in 1 funding round. Its most frequent entry is Seed, 100% of the companies with a known first round. Its largest themes are AI & Machine Learning (29%), Cybersecurity (25%) and Enterprise Software (13%). 63% of its companies are based in United States. It invests most often alongside Target Partners, Speedinvest and Crane Venture Partners.
Counts come from funding rounds that name backtrace, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not backtrace's whole history. Rounds on record name 1 company; its own site lists 14. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 100% |
| Series A | 0% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 1 | 0 |
| '26 | 0 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 36th | 14 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 100th | 100% of entries at pre-seed or seed |
| Evidence | 70th | 7% of companies confirmed by a round |
| Sector focus | 49th | 29% in its largest sector |
| Reach | 58th | 3 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 29% | 18% |
| Cybersecurity | 25% | 4% |
| Enterprise Software | 13% | 8% |
| Fintech | 13% | 12% |
| Healthcare & Biotech | 8% | 15% |
| Space & Defense | 4% | 3% |
| Developer Tools | 4% | 0% |
| Human Resources | 4% | 1% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Target Partners | 4 |
| Speedinvest | 3 |
| Crane Venture Partners | 2 |
| Iris Capital | 2 |
| Preston-Werner Ventures | 2 |
| Y Combinator | 2 |
| 3cubed Ventures | 1 |
| AAL VC | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers1286%
- No longer answers00%
- Points to another company214%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare backtrace head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Funds
as stated on its siteRecent portfolio activity
when companies last raised with backtrace| Date | Company | Stage |
|---|---|---|
| 1 Jul 2025 | Seed |
Round details for backtrace
Amounts, full round histories and every co-investor in backtrace's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
14 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Abusix provides network and email abuse management services, including blocking email threats and automating network abuse handling. | CybersecuritySpace & Defense | Portfolio page | ||
| Portfolio page | ||||
| ArangoDB provides a platform that unifies graph, vector, document, and search to build and scale AI powered applications | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Commutator Studios improves the performance of quantum applications by automatically finding the best execution parameters for different quantum computers | FintechHealthcare & Biotech | Portfolio page | ||
| IBM Instana Observability provides automated, AI-powered observability for DevOps and engineering teams to proactively solve issues across the application stack. | AI & Machine LearningCybersecurity | Portfolio page | ||
| Kerys Software provides secure virtualization solutions for endpoint management and network capabilities | CybersecurityEnterprise Software | Jul 2025Seed | Page + round | |
| Ona runs background agents in the cloud for enterprise software development | Enterprise SoftwareAI & Machine Learning | Portfolio page | ||
| The company offers cloud and infrastructure services for software delivery | AI & Machine LearningCybersecurity | Portfolio page | ||
| Qovery provides an infrastructure control plane for managing and deploying projects on any cloud | AI & Machine LearningDeveloper Tools | Portfolio page | ||
| Seqera centralizes data, orchestrates pipelines, and keeps everything governed, auditable, and reproducible for life sciences | Healthcare & Biotech | Portfolio page | ||
Human ResourcesFintech | Portfolio page | |||
Cybersecurity | Portfolio page | |||
| Taktile provides an AI decision platform for banking and insurance companies to automate routine work and improve decision outcomes | FintechAI & Machine Learning | Portfolio page | ||
| Wasmer runs apps in lightweight sandboxes locally or on their cloud | AI & Machine LearningCybersecurity | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- backtrace.vc
- Last read
- 5 Nov 2026
- Watching since
- 6 Nov 2026
- Rounds since
- 1 Jul 2025
- Companies checked
- 14
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
Get backtrace's profile as data
Pull backtrace's portfolio, co-investors and changes through one API key or MCP, open every portfolio row, compare it with other firms, and get an email when it adds a company or files a fund.
Work email, sign-in link by email. Already have an account? Log in- Ask AI5 plain-English investor searches a day
- Full listsEvery portfolio row and two-firm overlap
- API and MCP100 REST or MCP calls a month, one key
- AlertsFollow 5 investors for portfolio and fund changes
$ curl -H "X-API-Key: YOUR_KEY" \
https://api.vcinfo.io/v1/firms/backtrace.vc
# also
GET /v1/firms/backtrace.vc/portfolio
GET /v1/firms/backtrace.vc/coinvestors
GET /v1/firms/backtrace.vc/news