Jigsaw VC

Jigsaw backs early-stage enterprise software companies, with a pronounced emphasis on data infrastructure, developer tools, and AI/ML platforms. The firm is thesis-driven around the modernization of enterprise technical stacks — not horizontal SaaS. Investments like Rasa (conversational AI) and Incident.io (incident management) reflect this engineer-first enterprise mandate.

Yes, while the concentration is in the UK, Jigsaw has invested across Northern Europe. The firm looks at deals in Germany (particularly Berlin), the Netherlands (Amsterdam), and the Nordic countries when the enterprise-engineering thesis matches. It does not actively pursue Southern or Eastern European exposure.

Jigsaw VC is not a corporate venture arm of Qubit and has no formal operational tie to the company. The relationship is biographical: founder Dan Jones's tenure at Qubit built the personal operator network and technical pattern-recognition that define Jigsaw's investment thesis. Qubit alumni and ex-Qubit founders are a recurring, though non-exclusive, source of deal flow.

Jigsaw sources deals predominantly through founder referrals and operator networks in London's enterprise-software community. Jones leverages relationships from his Qubit days and the broader UK startup ecosystem, rather than relying on inbound pitch decks or institutional intermediaries. This peer-referral model yields a concentrated, high-conviction portfolio.