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Tenet Capital

Berlin, Germany · Invests in Europe; UK · Website

Pre-SeedSeedB2B SaaSAI & Machine LearningFintechEnterprise SoftwareFintech & Payments

Thesis

Tenet backs AI roll-up founders at inception who are consolidating fragmented European professional services industries (accounting, tax, IT, insurance) into scalable AI-native platforms. The firm believes AI can automate 50%+ of knowledge work, transforming low-margin services into software-scale businesses. Europe's massive digitization gap — SaaS adoption in single digits vs 60% in the US — creates a structural tailwind for this category.

Likely not a fit for

No pure SaaS/software companies without operating asset acquisition, no classical marketplace plays, no consumer apps, no hardware.

How they invest

Lead or follow
Usually leads
Typical decision
~1 month
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Assets under mgmt
$86M
Decision process
Partnership vote

Partners & team

4 contacts on file

MJ

Martin Janicki

General PartnerGeneral Partner · Primary contact

+ Pitch

m•••@te•••.eu

LinkedIn profile

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SP

Sahil Patwa

General PartnerGeneral Partner

+ Pitch

s•••@te•••.eu

LinkedIn profile

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AM

Alexander Maly

General PartnerGeneral Partner

+ Pitch
SL

Simon Lohmann

Platform & OpsGeneral Partner & COO

+ Pitch

Portfolio

Recent activity

Tenet Capital in the news

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Research briefRead more
Tenet Capital Research Overview Tenet Capital is a Berlin-based investment firm founded in early 2026 by four General Partners — Martin Janicki, Alexander Maly, Sahil Patwa, and Simon Lohmann. The firm positions itself as "the first investment firm purpose-built for AI-powered market transformations," with a singular focus on backing AI roll-up founders at inception. Tenet launched publicly in Feb

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