Varberg Capital invests at pre-seed in AI, Software and Cyber — across the UK and emerging European tech ecosystems. Our edge isn't a database. It's 15+ years of operator relationships inside the talent markets that produce Europe's best technical founders.
Investment Thesis
Most syndicates find deals by scrolling Dealroom or attending the same London demo days as everyone else. Varberg finds them differently — through operator relationships built inside Europe's best emerging tech ecosystems over 15+ years.
Pre-seed only. We write the first or second institutional cheque. Every portfolio company must establish a UK Holdco from day one — clean cap table, SEIS/EIS eligibility, and a direct bridge to British enterprise customers. We pursue SEIS advance assurance on every qualifying deal before money moves.
Home market. Primary LP base and enterprise customer network.
Deepest operator network. Direct relationships with founders before they raise.
Strong engineering talent base. Warsaw and Kraków ecosystems.
Existing contractor relationships converting to founder introductions.
Tier 2 opportunistic: Spain, Portugal, Italy, Latvia, Bulgaria, Hungary, Lithuania, Czechia. Rest of Europe: co-invest alongside a strong lead only.
Our founders have placed elite engineering talent across Romania, Poland, the Nordics and beyond for over 15 years. We know who the best founders are before they raise, because we've been inside their world for years. That's a sourcing advantage no Dealroom subscription can replicate.
Deal Requirements
Every Varberg investment meets the same standard requirements.
| Requirement | Why |
|---|---|
| UK Holdco | Clean cap table, enables SEIS/EIS eligibility, removes local entity complexity |
| SEIS advance assurance filed | Protects your angels, confirms eligibility before money moves |
| Local legal diligence | Verify company, founders, cap table via in-market lawyer |
| UK commercial activity | Customers, contracts, or team — strengthens SEIS/EIS case |
| Deal memo to all angels | Transparent, professional, builds trust in the syndicate |
What We Look For
Operator or builder experience in the sector they're disrupting. Domain obsession.
A genuine, painful, recurring enterprise problem — not a feature looking for a market.
Proprietary data, architectural advantage, or distribution edge that's hard to replicate.
Clear path to UK commercial presence. British enterprise customers in the roadmap.
The Team
Varberg Capital's three General Partners bring complementary expertise across specialist technology, law, and M&A — forming a syndicate built to add real value beyond capital.
Director of Technology at The IN Group. Fifteen-plus years building operator relationships inside Europe's best emerging tech ecosystems — Romania, Poland, the Nordics and beyond. That network is Varberg's proprietary sourcing engine.
Specialist technology and venture lawyer bringing deal structuring expertise, regulatory knowledge, and sharp term sheet construction at pre-seed. Leads SEIS/EIS structuring and ensures every deal is watertight from day one.
M&A specialist with a deep Eastern European network. Provides strategic guidance on exit pathways, cross-border transactions, and the commercial mechanics of scaling technology businesses from emerging markets into the UK.
Syndicate Structure
Angels co-invest deal by deal. You choose which opportunities to back — there's no fund commitment or minimum allocation.
Full SEIS/EIS tax relief where the structure qualifies. We pursue advance assurance on every eligible deal before money moves.
Access to founders sourced through 15+ years of operator relationships — before they appear on Dealroom or reach the London demo day circuit.
50/50 UK and Eastern Europe sourcing. Gender balance embedded as a founding target from day one.
Get in Touch
Whether you're a founder looking for your first institutional cheque, an angel wanting to co-invest deal by deal, or simply want to understand more about how we work.
"Varberg backs early-stage AI, Software and Cyber businesses across the UK and emerging European tech ecosystems. We bring UK capital, SEIS/EIS structuring, and a direct bridge to British enterprise customers."
"Co-invest deal by deal. No ongoing commitment. Full SEIS/EIS benefits where the structure qualifies. Access to founders we know before they raise."