Markovian backs founder-first deeptech across geographical Europe — average follower ticket $50K, pre-seed to seed. Start a conversation →

Founder-first capitalfor deeptech compounding.

We invest where scientific IP, early commercial proof and exceptional founders converge. Fast, respectful diligence. Long-term alignment.

What we offer →
Notable co-investor network
Y Combinator Andreessen Horowitz InMotion Ventures    10x Founders Mana
Portfolio
ChipFlow Modelwise Invitris Xterna Prosper

Europe’s strongest deeptech opportunities often begin as under-commercialised IP, research-led engineering, specialist technical teams, or narrow wedges into very large industrial markets.

Markovian backs companies at the point where deep technical advantage meets early evidence of market pull. We favour IP-heavy startups with European operations, credible early commercial signals, and a path to global relevance.

Oxford, Cambridge and Munich are Europe’s strength. Markovian exists to compound from those ecosystems.

Three domains where technical depth can create asymmetric venture outcomes.

01 — Biotechnology

Scientific infrastructure and programmable medicine.

From lab constraint to scalable platform.

We look for companies turning biology into an engineering discipline: protein synthesis, therapeutics infrastructure, phage platforms, screening systems, and technologies that unlock new drug-development economics.

Invitris · Xterna · Scalable medicine
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02 — AI & scientific software

Tools that change technical workflows.

Software where the buyer is technical and the pain is measurable.

We favour systems that make expert work faster, safer or cheaper: AI tooling, verification, scientific automation, and applied software where the product creates a hard operating advantage rather than cosmetic productivity.

Modelwise · AI infrastructure · workflow automation
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03 — Semiconductors & hardware

Physical-world technology enablers.

Hard technology, real customers.

We back technical founders commercialising defensible hardware, EDA, semiconductor tooling, robotics, and infrastructure where early customer validation can unlock large markets despite engineering complexity.

ChipFlow · EDA · semiconductors · robotics
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How we invest.

$50K
Typical follower ticket, deployed selectively into competitive pre-seed and seed rounds.
$5–20M
Typical post-money entry valuation range for the core Markovian mandate.
UK/EU
Geographical Europe focus, with UK, EU and transatlantic topco compatibility.
3 hubs
Proprietary dealflow anchored around Oxford, Cambridge and Munich.

What founders should expect.

Fast path from contact to contract — focused diligence, clear decision-making, minimal process theatre.
Technical fluency — finance, AI and venture experience combined in one decision loop.
Network leverage — support around fundraising, commercial introductions, and positioning for larger institutional rounds.
Flexible mandate — opportunistic asymmetric bets are welcome when ambition and scale warrant it.

Research as an investment lens.

Markovian develops internal research on irreversible failure, strategic information design and tail-event modelling — frameworks intended to improve judgement in deep technology systems where rare discontinuities can dominate long-term outcomes.

The work draws from dynamic games, decision theory and systemic risk analysis, with applications spanning AI safety, biosecurity, semiconductor infrastructure, financial fragility and institutional resilience.

“Play long-term games with long-term people. All returns in life come from compound interest in long-term games.”
Naval Ravikant · Cultural reference point for Markovian’s long-horizon approach
Invitris
Biotechnology platform company awarded European Innovation Council support, unlocking €12.5M in non-dilutive and matching funding.
Prosper
Fintech company progressed from £80MM assets under management to more than £600MM AUM in just over a year, indicating early top-decile portfolio potential.
ChipFlow
Semiconductor and EDA infrastructure company enabling rapid prototypation received strategic backing from Jaguar Land Rover’s venture arm.

Markovian is designed as a venture platform first — with a philanthropic end-state in Impactful Medicine.

Capital

Evergreen investment holdings.

Capital deployed with a portfolio-wide view.

Markovian’s investment activity is structured around long-horizon ownership, concentrated exposure and compounding rather than fund-cycle pressure.

Holding company
Partnership

Founders, operators and funds.

Small tickets, high conviction, serious networks.

The partnership model is built for co-investment with trusted backers, enabling rapid access to competitive rounds without behaving like a large institutional fund.

Co-investors · operators · partner funds
Endowment

Impactful medicine at Oxford.

A 30-year pathway to permanent endowment formation.

The Markovian foundation concept is designed to convert the majority of long-term venture compounding into a permanent endowment supporting impactful medicine and biotechnology scholarship.

Markovian Scholarship for Impactful Medicine

Designed for compounding.