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No Label Ventures

London, UK · Invests in UK; Europe · Website

Pre-SeedSeedMedia & EntertainmentB2B SaaSAI & Machine LearningDeveloper ToolsFintechHealthcare & BiotechEnterprise SoftwareHealthcare & Digital HealthBiotech & Life SciencesFintech & PaymentsLogistics & Supply ChainDeveloper Tools & InfrastructureClimate & Clean Energy

Thesis

Backing immigrant entrepreneurs building companies in Europe. Immigrants account for ~50% of US and ~40% of UK unicorns. NLV spots and supports this talent before the market catches up, investing unconditionally as the first check before lead VCs are in place.

Likely not a fit for

No specific sector exclusions, but requires at least one founder with a migration background. Does not invest outside Europe.

How they invest

Lead or follow
Usually follows
Typical decision
~2 weeks
Warm intro
Not required
Involvement
Advisor
Fund status
Actively deploying
Assets under mgmt
$11M
Decision process
Solo GP

Partners & team

2 contacts on file

RR

Ramzi Rafih

General PartnerGeneral Partner · Primary contact

+ Pitch

r•••@no•••.ventures

LinkedIn profile

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LJ

Lina Jano

PartnerPartner

+ Pitch

l•••@no•••.ventures

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Portfolio

11xEnterprise Software

11x is pioneering a transformative approach to revenue generation by creating autonomous AI workers that handle routine tasks, allowing human sales teams to focus on building relationships and innovating. Rather than selling software, 11x delivers complete outcomes through digital workers that operate 24/7 across various channels, fundamentally changing how businesses approach sales.

CallyopeHealthcare Digital

Callyope is a Clinical AI platform designed to enhance mental health care by providing clinicians with tools for efficient patient monitoring, clinical documentation, and decision support, all powered by specialized AI models tailored for psychiatry.

Guided EnergyEnterprise Software

Guided Energy builds real-time AI agents that coordinate freight logistics, aiming to modernize the transportation industry by automating manual coordination and legacy systems.

IntropyEnterprise Software

Intropy is an AI platform designed for the parts industry, helping businesses optimize their operations through data-driven insights and automation.

MelotechMedia Entertainment

Melotech is revolutionizing media and entertainment by creating art through technology, focusing on music, films, and community engagement.

MeshSecurity Cyber

Mesh Security is a cybersecurity firm that transforms security data into real-time adaptive defense, promoting Zero Trust in cloud security.

MizouEdtech

Mizou provides an AI-powered platform for creating realistic training simulations that help learners practice and improve their skills in various scenarios, such as customer service and negotiations, with instant feedback and progress tracking.

NozomioEnterprise Software

Nozomio is a product lab building engineers for the age of AI, focusing on context augmentation for coding agents through their tool named Nia, which provides context enrichment via agentic research and indexing of external codebases or documentation.

Pangea BioBiotech Life Sciences

Pangea Bio is a clinical stage biotech company focused on developing transformative medicines for neurological and mental health disorders, utilizing AI-powered drug discovery to activate the TrkB receptor pathway.

PostXLogistics Supply Chain

PostX is a logistics platform that offers 100% emission-free routes by leveraging intelligent planning, virtual sortation, and an asset-light model to optimize middle-mile logistics.

Spore BioBiotech Life Sciences

Spore Bio is a company focused on reinventing microbiology testing through ultra-fast, AI-based technology that integrates deep learning and biophotonics for rapid microbial detection across various industries.

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Research briefRead more
No Label Ventures Research Investment Thesis No Label Ventures (NLV) is an early-stage European VC fund built around a singular, deeply personal thesis: backing immigrant entrepreneurs building companies in Europe. Founded by Ramzi Rafih, who himself immigrated from Lebanon to France and then the UK, the fund capitalizes on the well-documented over-performance of immigrant founders. NLV cites data

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