Creating European AI Leaders

Mission

Artificial Intelligence for Europe

Artificial Intelligence is one of the most significant innovations in human history and is expected to transform nearly every industry. AI has reached the era of broadscale application and Europe is well positioned to become a new hotspot for applied AI. AI.FUND is a highly-focused entrepreneurial investment fund committed to advance AI from Europe.

Development and Adoption of AI Solutions

We seek to empower economic growth and prosperity through the development and adoption of AI solutions based on European values. We dedicate all our experience and competence as successful entrepreneurs, investors and technology experts to create European AI leaders and to connect them with the established economy.

Story

As experienced tech entrepreneurs and investors we have founded, scaled and exited industry-leading software and technology companies internationally for the last 30 years, including some of the biggest success stories in the German software and digital industry.

We have long been convinced of the potential of AI. We made our first investment in an AI startup in 2002 and as entrepreneurs we have applied AI to generate considerable benefits since then.

Today, we are convinced that the adoption of AI is on the threshold of exponential growth and will create significant value in many sectors within the next decade. We believe that especially Europe – with its globally leading, diversified and strong industrialized economy and its current digital transformation – has highly promising opportunities in the application of AI.

But startups often lack funding and the expertise to scale and market ideas internationally. We believe that our extensive global network and expertise in internationally scaling companies will create valuable businesses with positive impact to change the world with their innovative applications.

Team

With more than 30 years in business we are an exceptionally experienced management team with complementary skill-set and outstanding track record in the fields investing, global scaling and AI.

Ragnar Kruse | Founding Partner

Ragnar is a serial tech entrepreneur for 40 years and an active startup investor as well. He is the co-founder of AI.INVEST and AI.HAMBURG, co-founder and former CEO of smaato, a leading mobile advertising platform, and former SVP Sales & Marketing of Intershop, the leading e-commerce software provider. He is Board Member of the German American Chamber of Commerce (GAAC) and Representative of the KI Bundesverband Region North.

Petra Vorsteher | Founding Partner

Petra is a serial tech entrepreneur, co-founder of AI.INVEST, AI.HAMBURG, smaato and Intershop. She is very well connected in European and U.S. innovation ecosystem and today is a representative of various institutions including: Board Member ECIU University, Hamburg Ambassador in Silicon Valley, AI Chair GABA California, Ambassador Hamburg University TUHH, Investment Committee Hamburg Innovation, Committee of Innovation & Research at Hamburg Chamber of Commerce.

Dr. John Lange | Founding Partner

John has been an experienced investment professional in the digital and software space for more than 25 years. As the former MD and CFO of the digital investment portfolio of Axel Springer, Europe’s largest media company, he was jointly responsible for the extraordinary successful development of the portfolio with more than 150 early and later stage digital platform investments. Prior to that he was responsible for the IPO of Intershop making the software company one of the first unicorn startups in Germany. John is advisor at AI.HAMBURG and Member of Committee of Innovation & Research at Hamburg Chamber of Commerce.

Ingo Hoffmann | Founding Partner

Ingo has a long-years of experience in software and AI and its commercialization as a Director at AppliedAI / UnternehmerTUM, as GM of CyberValley in Thübingen, as Director at IBM Watson and as VP at SAP. Today Ingo is advisor for the German Government in AI, member of the Global Partnership on AI (GPAI), MD of AI.HAMBURG, Executive Board of ADI Innovation AG and expert for Bundesagentur für Sprunginnovation (SPRIN-D).

Dr. Oliver Reiss | Venture Partner

Oliver is an experienced and entrepreneurial finance executive. His former roles include CFO at smaato, founder and CFO of Exit-Games and managerial positions at Bertelsmann companies and Arthur D. Little. Oliver is advisor and investor in technology companies in the gaming, fintech and education space. He is also a member of various finance professional and CFO leadership associations. Currently, Oliver is an executive of an AI-powered fintech.

Oliver Gottfried, PhD | Investment Manager

Oliver worked for HongDao Capital, a Chinese AI-focused Venture Capital firm. He was also a visiting scholar at Stanford University conducting research on cross-border business development strategies for AI-related computer vision projects in the Green Tech sector in the US and China. Oliver received his PhD in Philosophy and Engineering from Tsinghua University in Beijing, focusing on international business development strategies for AI/Deep Learning-related projects in China, the US and Germany. He speaks fluent Chinese. Oliver is IG-Group Chair for AI @ GABA “German American Business Association” and Program Director for the Transatlantic AI eXchange.

Through its long-year international business background the team has access to an extraordinary personal trusted network in the software, AI, investment and business space around the globe including the U.S. and Asia.

Contact

If you are an AI-startup, an investor with interest in the AI.Fund Management GmbH or if you want to cooperate with us, please contact us by using the form.