How one venture firm is investing in an increasingly fragmented world

Kompas VC has developed a regionally sensitive strategy to help it navigate, and invest in, this fragmented world. And it’s putting fresh capital towards this approach with a new €160 million fund ($187.5 million), the firm told TechCrunch.

“We see the world really falling into three main spheres of economic activity, of political activity — the U.S., Europe, and China,” Sebastian Peck, partner at Kompas VC, told TechCrunch. “We certainly see today that these three domains follow very, very different trajectories.”

Kompas has staked its reputation on backing startups that tackle core industrial competitiveness challenges, from manufacturing and supply chains to critical infrastructure and sustainability. Those themes haven’t disappeared, but different regions emphasize them to varying degrees.

“There was a lot of enthusiasm around these themes back in 2021,” Peck said. “In 2026, we’re in a very, very different paradigm. It’s all about AI, it’s all about fast growth, very explosive growth. A lot of big topics that we partially play to but also are not really part of what we stand for.”

“Our focus is in the physical world, anything around producing physical goods,” he added, saying that Kompas focuses on startups working on decarbonization, productivity, and risk management. “We’ve found our niche.”

Kompas VC partners, from left: Talia Rafaeli, Andreas Winter-Extra, and Sebastian PeckImage Credits:Kompas VC /

That niche turns out to be pretty broad. Reshoring is en vogue in nearly every market, and depending on the startup, those markets typically have more than enough scale for a firm like Kompas.

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