MSM (Mustard Seed MAZE)
ABOUT MSM (MUSTARD SEED MAZE)
MSM (Mustard Seed MAZE) is a Lisbon-based impact venture capital firm founded in 2018 as a joint venture between London impact investor Mustard Seed and MAZE, the social-investment lab created by the Calouste Gulbenkian Foundation. Its €40M Mustard Seed MAZE Social Entrepreneurship Fund I, backed by the European Investment Fund under InnovFin, invests from pre-seed through Series A, writing tickets of €500K to €1M in businesses where impact and profit are integrated, spanning health tech, fashion, insuretech, and climate. MSM backs technology addressing health, climate, and social challenges, with a portfolio of 35 companies that includes GoParity, UpHill Health, Biorce, Samara, Yurtle, Connect Earth, Orbital Materials, Thrift+, Nui Care, Iconoclass, tl;dv, Knok, StudentFinance and Kitch (acquired by Glovo). The firm is led by Partners António Miguel, Henry Wigan and Alex Pitt, with Sofia Queiroz as Investment Principal and venture partners including Jessica Jackley and Tessa Clarke. Its cross-border reach connects Portuguese impact investing with startups across Europe, from climate accounting and sustainable finance to elderly care and circular fashion. By combining early-stage capital with a thesis that treats measurable impact and commercial returns as complementary rather than competing goals, MSM positions itself as one of Portugal's dedicated impact-focused venture investors.
INVESTMENT THESIS
Impact VC backing technology solutions for health, climate, and social challenges. Invests from pre-seed through Series A in businesses where impact and profit are integrated.
INVESTMENT DETAILS
FREQUENTLY ASKED QUESTIONS
What stage does MSM (Mustard Seed MAZE) invest at?
MSM (Mustard Seed MAZE) invests at Pre-Seed, Seed, Series A stages.
What is MSM (Mustard Seed MAZE)'s typical ticket size?
MSM (Mustard Seed MAZE) typically writes cheques of €500K–€1M.
What sectors does MSM (Mustard Seed MAZE) invest in?
MSM (Mustard Seed MAZE) focuses on Health Tech, Fashion, InsureTech, Climate.
Where is MSM (Mustard Seed MAZE) based?
MSM (Mustard Seed MAZE) is a VC (Impact) based in Lisbon, Portugal, founded in 2018.
Who are the partners at MSM (Mustard Seed MAZE)?
Key people at MSM (Mustard Seed MAZE) include António Miguel (Managing Partner), Henry Wigan (Partner), Alex Pitt (Partner).
What companies has MSM (Mustard Seed MAZE) invested in?
MSM (Mustard Seed MAZE)'s portfolio includes Pollen, Biorce, Samara, Yurtle, Win-Win, Maven, Orbital Materials, Uplink, among others.
How much does MSM (Mustard Seed MAZE) manage?
MSM (Mustard Seed MAZE) manages €40M in assets / fund commitments.
Can I invest in MSM (Mustard Seed MAZE)'s funds as an external investor?
MSM (Mustard Seed MAZE) raises its funds from external investors (LPs). No open subscription window is publicly announced right now — prospective LPs are typically onboarded when the next fund is raised.
How do I contact or pitch MSM (Mustard Seed MAZE)?
You can reach MSM (Mustard Seed MAZE) via their website (msm.vc). You can also run your startup through Portugal VC's AI matcher to get a ranked shortlist of the investors that fit.