12 VCs and 1 funds investing in SMB Software
Former Principal, Northzone (off current roster); Investor & Advisor
Northzone (Web3)
Check: No current personal check range or active fund mandate is public. Historical Northzone investments include seed and Series A through later follow-ons, but third-party Northzone range estimates are stale and do not establish present authority. Confirm current capacity directly.
At Northzone, Markus invested across enterprise applications, infrastructure, developer products and healthcare, with a strong DACH footprint. His operating experience at digital-health company Kry shaped an appetite for founders modernizing regulated markets despite entrenched incentives. Later deals show a widening lens: Reonic digitizes renewable-energy installers; Duvo automates exception-heavy retail operations; CuspAI applies generative models and physics to materials discovery; Black Forest Labs builds frontier visual intelligence. Across them, the common pattern is deep domain experience, a clear operational bottleneck and software or AI that changes an established value chain.
Founder & Managing Partner
Core Innovation Capital
Check: $500K-$5M initial investments, as published by Core Innovation Capital.
Arjan Schütte invests or supports investments through Core Innovation Capital's published strategy: Back founders using technology to create material economic upside for everyday people across wealth, health, housing, insurance, work and small-business enablement.
Regulatory Partner
Core Innovation Capital
Check: $500K-$5M initial investments, as published by Core Innovation Capital.
Adam Shapiro is listed in a Regulatory Partner capacity at Core Innovation Capital. The official roster does not publish a person-specific investment thesis for this role; this profile preserves the functional distinction and uses the firm's mandate only as shared context.
Senior Associate
Core Innovation Capital
Check: $500K-$5M initial investments, as published by Core Innovation Capital.
Kyle Treige invests or supports investments through Core Innovation Capital's published strategy: Back founders using technology to create material economic upside for everyday people across wealth, health, housing, insurance, work and small-business enablement.
Executive Assistant
Core Innovation Capital
Check: $500K-$5M initial investments, as published by Core Innovation Capital.
Celine Pintado is listed in a Executive Assistant capacity at Core Innovation Capital. This profile preserves that functional distinction; the firm's investment mandate is included only as shared context.
Venture Partner
Core Innovation Capital
Check: $500K-$5M initial investments, as published by Core Innovation Capital.
Michael Hsu invests or supports investments through Core Innovation Capital's published strategy: Back founders using technology to create material economic upside for everyday people across wealth, health, housing, insurance, work and small-business enablement.
Partner
Core Innovation Capital
Check: $500K-$5M initial investments, as published by Core Innovation Capital.
Edwin Andrade invests or supports investments through Core Innovation Capital's published strategy: Back founders using technology to create material economic upside for everyday people across wealth, health, housing, insurance, work and small-business enablement.
AI & Software Lead
Core Innovation Capital
Check: $500K-$5M initial investments, as published by Core Innovation Capital.
Jack Kelly invests or supports investments through Core Innovation Capital's published strategy: Back founders using technology to create material economic upside for everyday people across wealth, health, housing, insurance, work and small-business enablement.
Chief of Staff
Core Innovation Capital
Check: $500K-$5M initial investments, as published by Core Innovation Capital.
Diane Lee is listed in a Chief of Staff capacity at Core Innovation Capital. This profile preserves that functional distinction; the firm's investment mandate is included only as shared context.
Partner
Core Innovation Capital
Check: $500K-$5M initial investments, as published by Core Innovation Capital.
Susan Ehrlich invests or supports investments through Core Innovation Capital's published strategy: Back founders using technology to create material economic upside for everyday people across wealth, health, housing, insurance, work and small-business enablement.
CFO & General Counsel
Core Innovation Capital
Check: $500K-$5M initial investments, as published by Core Innovation Capital.
Zev Wexler is listed in a CFO & General Counsel capacity at Core Innovation Capital. This profile preserves that functional distinction; the firm's investment mandate is included only as shared context.
Partner
Core Innovation Capital
Check: $500K-$5M initial investments, as published by Core Innovation Capital.
David Roos invests or supports investments through Core Innovation Capital's published strategy: Back founders using technology to create material economic upside for everyday people across wealth, health, housing, insurance, work and small-business enablement.