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Promus Ventures is a venture capital firm founded in 2012 by Mike Collett, headquartered in Chicago, Illinois, with an additional office in Luxembourg. The firm focuses on early-stage DeepTech startups that address complex problems to improve daily lives. Promus Ventures has built a portfolio of approximately 100 companies globally, spanning sectors such as AI, robotics, healthcare, fintech, and energy.
The firm emphasizes the quality of the founding team, their vision, execution ability, and domain expertise. Promus Ventures has established itself as a significant player in the venture capital landscape, particularly in the DeepTech sector. Notable milestones include successful exits such as Kensho, Gauss Surgical, and Figure Eight, showcasing the firm's ability to identify and support high-potential startups.
Promus Ventures has a team of around 10 employees, with approximately half based in Luxembourg. The firm manages funds from both the U.S. and Europe, allowing it to invest in a diverse range of companies across North America and Europe.
Promus Ventures invests in early-stage DeepTech and data-driven entrepreneurs who leverage foundational technologies to transform mature industries. The firm targets sectors including AI, robotics, healthcare, fintech, energy, space systems, advanced manufacturing, and logistics. Their investment strategy emphasizes three key areas: People, Product, and Potential. Promus Ventures seeks unique products or services that solve significant customer problems, focusing on companies with proven business models that can scale and create substantial market impact.
Investment stages range from pre-seed to Series A, with check sizes varying based on the specific needs of the startup. The firm prioritizes the quality of the founding team, their vision, and execution ability, as well as domain expertise and novel technology in high-complexity sectors. Promus Ventures is particularly interested in startups that address complex challenges and have the potential to advance everyday lives worldwide.
Promus Ventures has invested in a diverse array of notable DeepTech startups, including:
Promus Ventures has successfully supported these companies through various funding rounds, contributing to their growth and market presence.
Mike Collett — Managing Partner and Founder. Mike has extensive experience in venture capital and has led numerous successful investments in the DeepTech sector. He has a strong background in technology and entrepreneurship.
Pierre Festal — Partner. Pierre brings expertise in investment strategy and portfolio management, contributing to the firm's focus on high-potential startups in complex industries.
Startups interested in pitching to Promus Ventures should visit their website at promusventures.com. They recommend including a comprehensive pitch deck that outlines the product, market opportunity, and team qualifications. Promus Ventures prefers warm introductions but also accepts direct submissions through their website. Response times may vary, but they strive to review pitches promptly.
In recent months, Promus Ventures has highlighted significant funding rounds for its portfolio companies. Notably, Robco secured $100 million in a Series C funding round for its industrial robotics platform, showcasing the firm's engagement with its investments. Additionally, Mytra raised $120 million in a Series C funding round for its supply chain automation platform, further indicating Promus Ventures' active role in supporting its portfolio.
What are Promus Ventures' investment criteria?
Promus Ventures focuses on early-stage DeepTech startups that address complex problems. They prioritize the quality of the founding team, their vision, execution ability, and domain expertise.
How can startups apply or pitch to Promus Ventures?
Startups can pitch to Promus Ventures through their website at promusventures.com. They recommend including a clear description of the product, market opportunity, and team background in the pitch deck.
What makes Promus Ventures different from other venture capital firms?
Promus Ventures emphasizes a strong focus on DeepTech and foundational technologies, seeking unique solutions that solve significant customer challenges across various sectors.
What is the geographic scope of Promus Ventures' investments?
The firm invests primarily in North America and Europe, allowing them to tap into diverse markets and innovative startups.
What is the typical check size for investments?
Promus Ventures invests at various stages, including pre-seed, seed, seed-plus, and Series A, with check sizes tailored to the specific needs of each startup.
What kind of post-investment involvement does Promus Ventures have?
Promus Ventures provides strategic guidance and leverages their network to help portfolio companies navigate challenges and seize opportunities for growth.
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