Private Equity

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Mustard Seed MAZE

MSM is an impact VC partner investing in the great businesses of the future that solve social and environmental challenges. It helps ventures grow social and...

Mustard Seed MAZE logo

Mustard Seed MAZE

MSM is an impact VC partner investing in the great businesses of the future that solve social and environmental challenges. It helps ventures grow social and environmental outcomes while growing the business. The firm invests in fast-growing European ventures with global lock-step potential where impact and financial returns are mutually reinforcing.

General information

Firm type

Private Equity

Year founded

2018

Location

Region

Europe

Country

Portugal

City

Meridian

Corporate office

Lisbon, Portugal

Principals

Alex Pitt

Partner

António Miguel

Partner

Henry Wigan

Partner

Sofia Queiroz

Investment Principal

Ana Pinheiro

Head of Operations

Cristina Almeida

Head of Platform

Sector focus

Enterprise SoftwareAI/MLClimateTechDigital HealthMobility & TransportationAgriTech & FoodTechFinTechInsurTechEducationEnergy Transition & Renewables

Frequently asked questions

Who runs investment decisions at Mustard Seed MAZE?

The investment team is led by partners Alex Pitt, António Miguel, and Henry Wigan, supported by Investment Principal Sofia Queiroz. Venture partners including Tessa Clarke and Jessica Jackley provide additional sourcing and diligence support. The firm maintains a lean structure with ten team members listed on its website across investment, operations, and platform functions.

Does Mustard Seed MAZE only invest in impact-themed companies?

Yes, impact is central to the mandate, not a separate sleeve. Every portfolio company is assessed against the Impact Management Project guidelines and mapped to specific UN Sustainable Development Goal targets. Holdings range from circular-fashion marketplaces such as Sojo and Thrift+ to clinical-trials AI platform Biorce and residential energy provider Samara.

What investment stages does Mustard Seed MAZE target?

The firm invests across early stage, including seed and start-up, and can follow on into growth rounds. Portfolio companies are based across Europe, with concentrations in Lisbon, London, Berlin, Paris, and Barcelona. The stage mandate suits ventures with initial commercial traction and a path to global markets.

Does Mustard Seed MAZE disclose its assets under management?

No. Mustard Seed MAZE has not publicly disclosed its AUM or aggregate deployment. The firm's website references institutional LP backing, but no regulatory filings, press reports, or voluntary disclosures provide a specific number.

Which sectors does Mustard Seed MAZE explicitly avoid?

The firm does not publish a negative screening list. However, the portfolio's SDG alignment and impact thesis naturally exclude industries such as fossil-fuel extraction, weapons manufacturing, and sectors with no plausible path to positive social or environmental outcomes. Target areas concentrate on climate, health, education, economic inclusion, and circular-economy models.

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