2N Capital

Co-founders Nicola Basteris and Francesco Bovoli lead investment decisions, drawing on operating experience in technology and venture building. The firm maintains a lean partnership structure typical of specialized European early-stage managers. The team does not publicly list additional investment professionals or advisory committees.

Sourcing relies on direct networks within European university labs, research clusters, and founder communities rather than broad intermediary channels. The firm's Munich base provides access to the DACH region's deep-tech ecosystem, which includes Max Planck Institutes, Fraunhofer spinouts, and technical university programs. This origination model is common among early-stage European managers competing for IP-heavy, pre-commercialization ventures.

2N Capital operates as a conventional GP-led venture manager, not a single-family office or permanent capital vehicle. It raises committed capital from external limited partners and deploys through standard fund structures, distinguishing it from Munich's family-office-backed investment entities.

The firm invests from pre-seed to Series B, with a technical evaluation process suited to ventures still at or near the prototype stage. This stage range places it between pure accelerator programs and later-stage growth equity funds, competing with other European deep-tech seed and early-stage managers.

Enterprise software, AI/ML, cybersecurity, digital health, and industrial technology form the core sector focus. The firm selects ventures where proprietary algorithms, novel hardware, or defensible IP create structural moats — avoiding consumer internet, marketplaces, and non-technical business models.