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§ Venture Capital · Saudi Arabia
Mist Ventures operates as an early-stage investment firm, strategically targeting deep technology companies with proprietary, future-proof solutions. They seek ventures possessing substantial intellectual property in embedded software, hardware, ASICs, telecommunications, machine learning, and advanced algorithms. The firm employs a hands-on philosophy, guiding its portfolio companies toward global scale.
Managing Partner Michal Stala and Partner Magnus Midholt established the firm. Their collaboration stems from deep tech sector expertise, notably as co-founders of Mistbase, successfully acquired by ARM within eighteen months. This exit underscores their profound understanding of technology and market dynamics, an insight now applied to nurturing promising deep tech startups.
Mist Ventures primarily backs technology companies at pre-seed and seed stages, favoring operations geographically accessible, typically within three hours flight from Copenhagen. This proximity facilitates active involvement, ensuring entrepreneurs benefit from experience. The firm's vision empowers founders to develop scalable businesses addressing critical global issues, while maintaining significant equity stakes.
MISY Ventures has 2 tracked investments across 1 company. The latest tracked deal is $9.0M Debt / Series A Extension in BRKZ in February 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 10, 2025 | BRKZ | $9.0M Debt / Series A Extension | — | 9900 Capital, Dany Farha, Better Tomorrow Ventures, Class 5 Global, Fluent Ventures, Knollwood Investment Advisory, RZM Investment |
| Mar 5, 2024 | BRKZ | $8.0M Series A | Chris Corbishley, Dany Farha | Knollwood Investment Advisory, RZM Investment, Saudi Aramco Energy Ventures |