Picus Capital

Last week, we had the pleasure of welcoming around 60 students from thinc! at the Universität Mannheim to our Munich office.🎉 Our colleague Darius from the Investment Team shared insights into how we evaluate and support early-stage ventures across industries and geographies, reflecting our long-term and global investment approach. Later, Martin from Spira Labs explored the dynamic frontier of HealthTech investing, highlighting how innovation at the intersection of healthcare and technology is shaping the future. A big thank-you to the thinc! team for the visit and for the great questions and discussions. We always enjoy exchanging ideas with the next generation of entrepreneurs and investors.💬

💰 Velotax raises a $23M Series A to continue building the AI-native tax filing & financial services ecosystem for Brazil. At Picus Capital, we’re thrilled to double down on the firm’s success story alongside our close friends at QED Investors, Valor Capital Group, and Clocktower Ventures. 🚀 Believing in Victor and Eduardo since day 1, we’re grateful to work alongside such a dedicated team on their mission to address Brazil's credit & financial challenges, starting with consumers. Providing the core infrastructure for tax filings of 210M+ people in BR who receive $5B+ in annual tax refunds, momentum continues to build as Velotax moves into personal financial intelligence & AI-native services, as well as SMB accounting and related service offerings. At Picus Capital, our belief in Velotax’s mission has never been stronger as AI, proprietary tax data, and regulatory shifts unlock a generational opportunity for financial inclusion and smarter financial decisions in Brazil. We can’t wait to see the team execute towards their goals with fresh capital and great partners. 📈 CC: Mike, Camila, Carlos, Adriana, Julian, Raphael, Lukas, Robin

We are thrilled to lead Cercli (YC S23)’s 12M USD Series A, with continued participation from Y Combinator, Afore Capital, and COTU Ventures. In a region undergoing rapid formalization and digital transformation, Cercli’s AI-native approach to HRTech redefines how organisations across MENA manage their workforce, no matter whether small or large, tech-enabled or traditional businesses. Their multi-product system of action is built on a robust base of being the single source of truth for all things HR and payroll with the organisation. Moreover, their product offerings are deeply localized for every market’s nuances, and their customer centricity as a team is off the charts, resulting in them winning customer love and contracts against even the largest competitors. Congratulations to Akeed Azmi, David Reche and the entire Cercli team - we are proud to be part of your journey to power the next generation of work for 500M+ people! 🚀 If you’re running a MENA based company, and want to process payroll in a few clicks, manage teams globally, and stay 100% compliant, all in a seamless manner, then do reach out to get an introduction to their product suite! They’re also actively hiring for engineers as well as sales & customer success teams, so we’d love to hear from candidates who’d like to join the journey ahead #HRTech #AI #MENA #FutureOfWork #PicusCapital #Cercli

We’re excited to partner with Spira Labs in turning Europe’s strong scientific foundation into entrepreneurial impact.⚡ With nearly 27% of global scientific output, Europe holds incredible potential — and Spira Labs, backed by Picus Capital and Arvantis Group, is helping scientists and engineers build the next generation of #TechBio and #HealthTech ventures. Thrilled to see this initiative empower founders at the intersection of science, technology and entrepreneurship!🚀 👉https://lnkd.in/d42--b9u

We at Picus Capital and I personally couldn't be more excited to be supporting Nicolas in his life's mission of building Telepatia AI, tackling preventable disease and enhacing the quality of care in LatinAmerica and beyond. ⚕️ After experiencing personal loss due to a preventable disease, it became Nico's mission to spare others from the same fate, and revolutionize healthcare with technology & dedication, while keeping patients & doctors at the core of Telepatia's value proposition of enhancing care outcomes 🖥️ Bringing advanced AI-native technology to care delivery in Latin America, Telepatia's platform supports providers with a clinical co-pilot during consultations, by automatically writing medical records, recommending improvements to patients' care journeys, and eventually facilitating an "always on" medical records data base 👩🔬 Having launched only last year, Telepatia already supports providers across Colombia, Mexico, as well as Brazil (read more about their recent Brazil launch here: https://lnkd.in/egHufQgm) Having worked with Nico before, we are delighted to support him and Tomás as one of the earliest investors, and participating again in Telepatia's 9M USD Seed round. Especially in great company with amazing partners such as Gautam (A*), Florian (Canary), Abstract, Nido Ventures, and many more. If you want to learn more about Telepatia AI, are a provider who wants to try the solution, or just want to help bring healthcare in LatinAmerica to the next level - reach out to Nico or the team at Picus Capital! CC: Robin, Florian, Raphael, Sebastian, Lukas, Pablo

📣 Big milestone for our portfolio company Alvys: $40M Series B to accelerate AI-powered freight operations - led by our friends at RTP Global, with participation from Titanium Ventures, Bonfire Ventures, FJ Labs and ourselves at Picus Capital. We’re excited as momentum continues to build - both carriers and brokers streamline operations on Alvys to run smarter with one connected platform for dispatch, driver app, compliance, billing, and analytics plus 120+ integrations and native EDI: 1️⃣ Dispatchers handle more freight with fewer clicks (25 to 35% fewer touches per 1k loads) 2️⃣ Cash moves faster and companies stop waiting to get paid (on average 4 days to invoice) 3️⃣Accurate billing means fewer headaches (up to 10× fewer disputes) 🫱🏽🫲🏽 More than thrilled to continue this journey and support Nick, Leo, Ben and Patrick alongside the broader Alvys team together with Jules and Varun (RTP), Jim (Bonfire) as well as Saad and Eugin (Titanium) Reach out to Julian, Raphael, or Lukas for the full story!

🙌🏼 18 months ago, Santiago and Benedict founded DualEntry in pursuit to reinvent ERP. Today, we’re thrilled to announce their $90M Series A led by Lightspeed, Khosla Ventures and GV (Google Ventures). We’re beyond excited for what’s about to come and support the DualEntry team on their journey ahead. 💡1.5 years ago, we published our thesis on the need for specialized CFO tools for complex multi-entity and multi-country companies, and continuously saw the ERP pain that comes with legacy systems in our own portfolio, our operations as a global firm and beyond. Ever since, we’ve been searching for the best team to tackle this problem set and found it in DualEntry. DualEntry’s velocity and trajectory since early 2024 has been beyond impressive: 1️⃣ Built the world’s most powerful migration engine for a 24-hour ERP implementation 2️⃣ Processed $100B+ journal entries with AI and onboarded 1,000s of users 3️⃣ Serve companies across industries with complex international operations 4️⃣ Enabled a $140M ARR company to run with just 1 controller 🚀You’re running a business and want to 10x your financial operations? You’re an entrepreneurial builder eager to thrive in a world-class culture of excellence? Reach out to Julian, Raphael or Lukas to get an introduction to their product suite or career options!

🙌🏼 18 months ago, Santiago and Benedict founded DualEntry in pursuit to reinvent ERP. Today, we’re thrilled to announce their $90M Series A led by Lightspeed, Khosla Ventures and GV (Google Ventures). We’re beyond excited for what’s about to come and support the DualEntry team on their journey ahead. 💡1.5 years ago, we published our thesis on the need for specialized CFO tools for complex multi-entity and multi-country companies, and continuously saw the ERP pain that comes with legacy systems in our own portfolio, our operations as a global firm and beyond. Ever since, we’ve been searching for the best team to tackle this problem set and found it in DualEntry. DualEntry’s velocity and trajectory since early 2024 has been beyond impressive: 1️⃣ Built the world’s most powerful migration engine for a 24-hour ERP implementation 2️⃣ Processed $100B+ journal entries with AI and onboarded 1,000s of users 3️⃣ Serve companies across industries with complex international operations 4️⃣ Enabled a $140M ARR company to run with just 1 controller 🚀You’re running a business and want to 10x your financial operations? You’re an entrepreneurial builder eager to thrive in a world-class culture of excellence? Reach out to Julian, Raphael or Lukas to get an introduction to their product suite or career options!

🙌🏼 18 months ago, Santiago and Benedict founded DualEntry in pursuit to reinvent ERP. Today, we’re thrilled to announce their $90M Series A led by Lightspeed, Khosla Ventures and GV (Google Ventures). We’re beyond excited for what’s about to come and support the DualEntry team on their journey ahead. 💡1.5 years ago, we published our thesis on the need for specialized CFO tools for complex multi-entity and multi-country companies, and continuously saw the ERP pain that comes with legacy systems in our own portfolio, our operations as a global firm and beyond. Ever since, we’ve been searching for the best team to tackle this problem set and found it in DualEntry. DualEntry’s velocity and trajectory since early 2024 has been beyond impressive: 1️⃣ Built the world’s most powerful migration engine for a 24-hour ERP implementation 2️⃣ Processed $100B+ journal entries with AI and onboarded 1,000s of users 3️⃣ Serve companies across industries with complex international operations 4️⃣ Enabled a $140M ARR company to run with just 1 controller 🚀You’re running a business and want to 10x your financial operations? You’re an entrepreneurial builder eager to thrive in a world-class culture of excellence? Reach out to Julian, Raphael or Lukas to get an introduction to their product suite or career options!

This year's edition of our Bavarian Tech Dinner hosted together with Creandum and General Catalyst as part of Bits & Pretzels was a blast. We brought together the next generation of founders, operators, and investors for an evening of fun and networking over good traditional Bavarian food 🍻🥨 Simon Schmincke Peter Specht Jakob Stein Sophia Jaenecke Samuel Beyer Gosia Majczak Florian Reichert Philipp Emig Darius Kahlert