Mustard Seed MAZE
ABOUT MUSTARD SEED MAZE
Mustard Seed MAZE is an impact-focused venture capital firm headquartered in Lisbon and founded in 2018. It manages around €40M directly and about €100M together with MSM, investing €500K to €1M at seed and Series A into impact tech, sustainability, education, and health. The firm is impact-first but expects real financial returns, asking founders to show a clear theory of change and measurable impact metrics alongside their growth plan. Across 24 investments, Mustard Seed MAZE has backed Orbital Materials, Winnow, GoParity, UpHill Health, Samara Energy, and knok, plus companies including Connect Earth, Your Juno, Iconoclass, tl;dv, Nui Care, and KETS. The team is led by Managing Partner António Miguel, with partners Alex Pitt and Henry Wigan. Its portfolio spans climate and sustainability, health technology, financial inclusion, and education, reflecting a mandate to generate measurable social and environmental impact while pursuing venture-scale outcomes across Europe.
INVESTMENT THESIS
Impact-first, but expects real returns. Backs startups in education, health, and sustainability. Founders must show a clear theory of change and measurable impact metrics alongside their growth plan.
INVESTMENT DETAILS
FREQUENTLY ASKED QUESTIONS
What stage does Mustard Seed MAZE invest at?
Mustard Seed MAZE invests at Seed, Series A stages.
What is Mustard Seed MAZE's typical ticket size?
Mustard Seed MAZE typically writes cheques of €500K–€1M.
What sectors does Mustard Seed MAZE invest in?
Mustard Seed MAZE focuses on Impact Tech, Sustainability, Education, Health.
Where is Mustard Seed MAZE based?
Mustard Seed MAZE is a VC (Impact) based in Lisbon, Portugal, founded in 2018.
Who are the partners at Mustard Seed MAZE?
Key people at Mustard Seed MAZE include António Miguel (Managing Partner), Alex Pitt (Partner), Henry Wigan (Partner).
What companies has Mustard Seed MAZE invested in?
Mustard Seed MAZE's portfolio includes Pollen, Biorce, Samara, Yurtle, Win-Win, Maven, Orbital Materials, Uplink, among others.
How much does Mustard Seed MAZE manage?
Mustard Seed MAZE manages €40M in assets / fund commitments.
Can I invest in Mustard Seed MAZE's funds as an external investor?
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 Mustard Seed MAZE?
You can reach Mustard Seed MAZE via their website (msm.vc). You can also submit your startup through Portugal VC's pitch tool to be forwarded to matching investors.