We are a pre‑seed/seed fund investing in foundational technology components that power modern infrastructure, focusing on software, developer tools, AI, and hardware startups. We seek ambitious founders building platforms, developer tooling, and infrastructure that enable other companies to scale.
Industries
Industry breakdown
Top industries in the portfolio
Geography
Geographic scope
No geographic scope listedGeography breakdown
Darker regions = more portfolio companies
Top 5 countries
United States of America
33.3%Germany
25.0%France
16.7%Spain
8.3%Countries with a higher share of the portfolio are shaded darker on the map.
Stages
Stage indicator
Pre-Seed → Seed
Stage breakdown
Portfolio by stage
Portfolio vintage
Companies by founded year
Fund details
Funds
Backtrace Fund I
Vintage 2024 • $33M