How one venture firm is investing in an increasingly fragmented world

Kompas VC, a Europe-focused venture firm, raised €160 million for a new fund using regionally sensitive strategies tailored to the U.S., Europe, and China's divergent economic trajectories. Rather than chase current AI hypergrowth, the firm focuses on industrial competitiveness—manufacturing, supply chains, decarbonization, reshoring—with checks of €3–€5M into early-stage startups. Partner Sebastian Peck argues that geopolitical fragmentation limits global scalability even for sound technologies, creating opportunity for specialized funds.