About Level2
Level2 is a venture capital firm founded in 2021. It is primarily based out of Amsterdam, Netherlands. As of Apr 2025, Level2 is an active investor, having invested in 12 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in Poland based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Enterprise Infrastructure. Most recently it participated in the €***** Seed round of DBR77 Overall, Level2 portfolio has seen 1 acquisition, namely SunRoof. A lot of funds co-invest with Level2, with names like SATUS sharing a substantial percentage of its portfolio. Level2 has team of 7 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Deals in last 12 months
Level2's List of Top Investments
Level2 has a portfolio of 12 companies. Their most notable investments are in Plan Be and DoxyChain.Their portfolio spans across Poland, Sweden and United States. They have invested in High Tech, Enterprise Applications, Enterprise Infrastructure and 11 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Level2:
1. Sea Machines
Sea Machines provides unmanned surface vehicles and technology for industrial applications. It offers SM300 which is a vessel intelligence system for survey vessels, patrol boats, ferries & other workboats providing autonomous command and control. Also offers SM200, which provides integrated, line-of-sight & remote-helm control for collaborative vessel operations, and SM400, which is an AI-powered situational awareness system for container ships.
Key facts about Sea Machines
- Founded Year: 2014
- Location: Boston (United States)
- Stage: Series B
- Total Funding till date: $45.7M
- Employee Count: 26 as on Dec 31, 2020
- Investors: Eniac Ventures, Jere Doyle Enterprises and 19 Others
- Latest Funding Round: Series B, Dec 29, 2023, $*****
- Highlight: Editors' Pick
2. SunRoof
Manufacturer of solar roof tiles or building integrated photovoltaic tiles. It uses monocrystalline solar cells sandwiched between two large sheets of glass which reduces the number of connections and makes it cheaper.
Key facts about SunRoof
3. BioCam
AI-powered endoscopic system for the examination of the gastrointestinal tract. The company offers non-invasive endoscopic capsule-based system for gastrointestinal observation and diagnosis of abnormalities and diseases, capable of recording and imaging the entire gastrointestinal tract.
Key facts about BioCam
- Founded Year: 2019
- Location: Wrocław (Poland)
- Stage: Seed
- Total Funding till date: $4.05M
- Investors: LT Capital, Smartlink Partners and 2 Others
- Latest Funding Round: Angel, Dec 03, 2025, $*****
4. DBR77
Platform integrating IoT, digital twins, and automation for industry digital transformation. It collects real-time data from production facilities, creates virtual models for process optimization, and provides a marketplace connecting manufacturing companies with technology providers. The platform offers tools for technology integration, efficiency enhancement, and flexibility in production and management. It creates 3D models of facilities for analysis and process optimization. The marketplace simplifies the selection, integration, and management of solutions. AI supports the platform, enabling data collection for training machine learning algorithms and integration with large language models for analysis and decision-making.
Key facts about DBR77
- Founded Year: 2018
- Location: Torun (Poland)
- Stage: Seed
- Total Funding till date: $4.9M
- Employee Count: 20 as on Jan 31, 2026
- Investors: ff Venture Capital, NCBR Investment Fund ASI and 6 Others
- Latest Funding Round: Seed, Apr 17, 2025, $*****
5. Talent Alpha
Talent Alpha is a cloud-based job portal for the tech industry. The platform gives access to recruiters for candidates with precise technical skills and cognitive ability who are project ready IT professionals. The company claims that the benefits of using the platform are time-saving, reduction in hiring costs, hiring experienced candidates, etc.
Key facts about Talent Alpha
- Founded Year: 2017
- Location: Krakow (Poland)
- Stage: Seed
- Total Funding till date: $5M
- Employee Count: 28 as on Jul 01, 2024
- Investors: Level2 and Aper Ventures
- Latest Funding Round: Conventional Debt, Feb 14, 2019, $*****
Level2's Year-on-Year Investment Trends
Level2 has invested in 12 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in DBR77 and most recent follow-on round was in cthings.co.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 2 | 1 | 3 |
2022 | 3 | 0 | 3 |
2021 | 1 | 0 | 1 |
Level2's Investments by Stage
Level2 has made 5 investments in Seed stage with an average round size of $1.81M, 1 investment in Series A stage with an average round size of $15.2M and 1 investment in Series B stage with an average round size of $14.1M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Level2's Investments by Sector
Level2 has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Environment Tech, Industrial Goods and Manufacturing and Sustainability Tech. Notably, it has invested in 10 Tech companies, 9 Enterprise (B2B) companies, 5 Software companies and at least 4 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 3 |
Enterprise Applications | 2 |
Environment Tech | 2 |
Industrial Goods and Manufacturing | 2 |
Sustainability Tech | 2 |
Others | 12 |
Note: We have considered here, only first round of investments
Level2's Investments by Geography
Level2 has made most investments in Poland (5), followed by Sweden where it has made 1 investment.Country | No. of Investments |
|---|---|
Poland | 5 |
Sweden | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Level2's recent investments
Level2 has not made any investment in 2026 so far.Here are the most recent investments by Level2:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 17, 2025 | Poland | Seed | 4423 | [+5] | |
Dec 29, 2023 | United States | Series B | 7861 | ||
Oct 20, 2023 | Poland | Series A | 6962 | [+2] | |
May 11, 2023 | Poland | Seed | 7206 | - | |
Oct 08, 2022 | Poland | Seed | 1749 | - |
Acquired companies in Level2's Portfolio
1 company from Level2's portfolio has been acquired. The most recent acquisition were SunRoof in Jun 2025 by Exagon Impact Capital.Here are Level2's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 09, 2025 | Sep 13, 2022 | Series A | 6650 |
Team profile of Level2
Level2 has a team of 7 members including 5 Partners located in Poland. Level2's team does not sit on the board of any company as of now.Here is a list of all team members in Level2:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Katowice | - | - | |
Partner | Poland | - | ||
Partner | - | - | ||
Partner | Poland | - | ||
Partner | Poland | - |
Co-investors of Level2
Over the past 5 years, 44 investors have co-invested in Level2's portfolio companies. This includes funds and angels.
- Invested before Level2: Accomplice, Eniac Ventures and 19 others have invested in rounds before Level2. There is 1 company where Accomplice has invested before Level2 and 1 company where Eniac Ventures has invested before Level2.
- Top Co-investors of Level2: 16 investors entered a company along with Level2. These include investors like SATUS (2 companies).
- Invested after Level2: A total of 7 investors have invested in Level2's portfolio after their investments. Top Investors include World Fund (1 company), Nordic Alpha Partners (1 company) and Legal & General Capital (1 company).
Recent News related to Level2
•
Emerald investment to boost Sea Machines’ autonomous shipping solutionsEmerald Technology Ventures•Feb 06, 2024•Emerald Technology Ventures, Sea Machines, Nabtesco Technology Ventures, Chevron and 7 others
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Polish start-up Cthings.Co raises EUR 4.5 mln for international expansionTelecompaper•Oct 23, 2023•cthings.co, AIN.Capital, ORLEN, Freya Capital and 1 other
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RKKVC and Level2 Ventures invest in Move AI during $10M seed roundAIN.Capital•Oct 03, 2023•RKKVC, Level2, Move.ai, Play Ventures and 2 others
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Polish medtech BioCam secures €440k to develop an AI-based endoscopic capsuleAIN.Capital•May 11, 2023•BioCam, Level2
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Terminal49 Raises $6.5M in Series A FundingApkaHindiBlog•Jan 20, 2023•Terminal 49, Level2, Grand Challenge, Stage 2 Capital and 1 other
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SunRoof raises €15M for its powerful 2-in-1 solar roofs with lowest CO2 footprintTech Funding News•Sep 13, 2022•SunRoof, Alantra, Inovo Venture Partners, SMOK Ventures and 4 others
•
Blockchain-Based Document Startup Gets Early Seed FundingLaw360•Sep 06, 2022•DoxyChain, Level2, CV VC, SATUS and 2 others
