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Backtrace Capital

Backtrace Capital

Overview

Backtrace Capital is a venture capital firm based in Munich, Germany, that seeks to invest in pre-seed and seed-stage European technology infrastructure startups.

Year Founded

2023

Portfolio Companies

3

Investments

Backtrace Capital investments
CompanyDateStageLead
Kerys SoftwareJul 2025Pre SeedLead
Platform Engineering Labs Inc.Dec 2024Pre SeedCo-investor
Commutator StudiosJul 2025SeedLead

Key People

Michael Christopher Münnix

Founding Partner

Thomas Gottheil

Limited Partner

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

Premium
SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

Premium
2021
2022
2023
2024
2025
2026

Portfolio analytics

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FAQ

Where is Backtrace Capital based?

Backtrace Capital is headquartered in Munich, Germany.

When was Backtrace Capital founded?

Backtrace Capital was founded in 2023.

How many portfolio companies does Backtrace Capital have?

Backtrace Capital has 3 portfolio companies in Caplight's dataset.

What are some companies in Backtrace Capital's portfolio?

Portfolio companies visible on Caplight include Kerys Software, Platform Engineering Labs Inc., Commutator Studios.

What was Backtrace Capital's most recent investment shown here?

Backtrace Capital's most recent investment in this portfolio sample was in Commutator Studios in 2025.

What sectors does Backtrace Capital focus on?

Backtrace Capital focuses on Media, Entertainment & Gaming, AI, Data & Cloud Infrastructure, Cybersecurity, Enterprise Software, Enterprise Software, Enterprise Software.

What company stages does Backtrace Capital focus on?

Backtrace Capital typically invests at the Early stage.

What is Backtrace Capital's AUM?

Backtrace Capital's assets under management are estimated between $20.0M and $20.0M.

Firmographic Details

HeadquartersMunich
Year Founded2023

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