Venture Capital

Icecat Capital

Investment Details

Investor Type
Venture Capital

Asset Class Focus
Venture Capital

Stage Focus
Seed, Early Stage, Growth

Geographical Focus
United States, United Kingdom, Germany, France, Italy, Denmark, Switzerland, Spain, Luxembourg, Ireland, Austria, Netherlands, Portugal, Sweden, Belgium, Norway, Finland, Poland, Netherlands Antilles, Aruba

Industries Focus

  • Technology
  • Consumer Goods
  • Media
  • Retail
  • Education
  • HealthTech
  • FinTech
  • E-commerce
  • Logistics
  • SaaS
  • Entertainment
  • Sustainability
  • Data Services
  • Quantum Computing
  • Cloud Computing
  • AI
  • Fitness Technology
  • Product Information Management
  • Marketplace Infrastructure
  • Specialty Coffee

Investment Size:
1,500,000 to 3,000,000 USD

Investor Details Founded: 2016

Icecat Capital is the dedicated investment arm of Icecat N.V., a publicly listed company on the Dutch SME exchange NPEX. Based in Amsterdam, Icecat Capital focuses on investing in high-potential SaaS and platform ventures across Europe, with a particular emphasis on e-commerce, digital infrastructure, and scalable B2B solutions. The fund targets early-stage and growth-stage companies that demonstrate strong product-market fit and sustainable growth potential. Icecat Capital is especially interested in ventures that enhance digital commerce ecosystems, including areas such as Product Information Management (PIM), Electronic Data Interchange (EDI), cloud-based SaaS platforms, marketplace infrastructure, and AI-driven content and data services.

In 2023, Icecat Capital participated in a financing round of NPEX, the Dutch stock exchange for SMEs, investing €2 million and acquiring a stake of just under 10%. This investment underscores Icecat Capital's confidence in the potential of the exchange platform and its value for SMEs. In 2024, Icecat Capital invested €5.2 million in Wakuli, a fair-trade specialty coffee brand and chain, supporting its omnichannel growth strategy. Additionally, in 2025, Icecat Capital led a €12 million seed round for Orange Quantum Systems, a Dutch startup revolutionizing quantum chip testing, marking the largest seed investment in the Netherlands' quantum computing sector to date.

Icecat Capital's investment philosophy centers on supporting innovative and disruptive ventures with a tech focus and global potential. By leveraging Icecat N.V.'s extensive experience in product data and AI-based content syndication services, Icecat Capital aims to foster growth and innovation across various industries, contributing to the development of scalable and impactful solutions in the digital economy.

Requirements
  • Strong product-market fit
  • Sustainable growth potential
  • Innovative and disruptive technology focus
  • Global scalability
  • Alignment with Icecat N.V.'s strategic interests in e-commerce and digital infrastructure
Contact

[Official Website Hidden]

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Portfolio Companies
  • Orange Quantum Systems
  • Wakuli
  • NPEX
  • Virtuagym
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