FOV Ventures
Venture capital firm focused on spatial computing and XR; co-led Distance Technologies' $2.7M pre-seed round (June 2024) and returned as a participant in its €10M GV-led seed round (September 2024).
FOV Ventures is a European early-stage venture capital firm founded in 2022, investing in founders building at the intersection of spatial computing, XR, AI, 3D, and robotics — across consumer, enterprise, and industrial applications plus infrastructure. Originally launched as a metaverse-focused fund (avatars/identity, digital commerce, immersive social, future of work, tools/infrastructure); explicitly does not invest in cryptocurrencies or NFTs.
Overview
- Firm
- FOV Ventures
- Headquarters
- Helsinki, Finland
- Founded
- 2022
- AUM
- €25M target (€16.5M first close, March 2022)
- Stages
- Pre-Seed, Seed
- Thesis
- Backs founders building at the intersection of spatial computing, XR, AI, 3D, and robotics.
Portfolio companies1
Partners2
- Founderdave-haynesDave Haynes is a Founding Partner of FOV Ventures, based in London. He previously served as HTC's first Director of Vive X Europe, was part of Seedcamp's investment team, and held a business-development role at SoundCloud.
- Founderpetri-rajahalmePetri Rajahalme is a Founding Partner of FOV Ventures, based in Helsinki. He was previously Managing Director of Nordic XR Startups and is reported to have chaired the board of Immersal through its 2021 acquisition by Hexagon AB, and to have run a EUR30M Business Finland program to build the Finnish XR ecosystem.
Frequently asked
- What is FOV Ventures?
- Backs founders building at the intersection of spatial computing, XR, AI, 3D, and robotics.
- How much does FOV Ventures manage?
- FOV Ventures manages €25M target (€16.5M first close, March 2022) in assets, and was founded in 2022.
- What stages does FOV Ventures invest at?
- FOV Ventures invests at Pre-Seed, Seed.
Sources & citations4
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
FOV Ventures launch coverage: fund size, partners, thesis, no-crypto/NFT stance
Sifted: FOV Ventures Launches a New Fund for the MetaverseVerified2022-03-10 - 2
FOV Ventures launch announcement, fund size and check-size detail
Road to VR: FOV Ventures Launches New Metaverse Investment FundVerified2022-03-10 - 3
- 4
FOV Ventures check-size range (€200K-500K), secondary aggregator, lower confidence
Waveup: FOV Ventures Fund ProfileVerified2026-08-09