Early-stage capital, bridging the Eurasian continent.

Steppe Ventures backs B2B software founders at pre-seed and seed. Alongside the investing, we help Asian founders build a European base in the Netherlands, and advise European startups heading into Asia.

Long before the Silk Road had a name, the steppe was the route between China and Europe.

What we invest in

One cheque, early, against a written thesis. If your company fits, send us the deck.

Stage
Pre-seed and seed
Ticket
€20–75k, one cheque
Model
B2B and B2B2C software
Sectors
Future of Work · FinTech · MarTech
Geography
Europe first · Benelux in front

The full thesisSend a pitch

Selected portfolio

  • Barter
    Creator-marketing company running a self-serve creator marketplace alongside managed campaigns for brands and agencies.
  • Makea
    Production operating system for small-batch fashion, connecting independent brands with Chinese factories: supplier matching, sampling, quality control and fulfilment.
  • Qash
    Stablecoin-powered business accounts for Latin America: companies open a US-dollar account, convert local currency and pay suppliers and teams across borders from one portal.
  • StudiesIn
    Study-abroad platform for Spain: an AI course finder covering more than 12,000 university programmes, with expert guidance from choosing a programme through to admission.
  • Thred
    AI-native accounting platform for European SMEs: AI agents, with experts in the loop, run bookkeeping, VAT returns and annual filings on its own general ledger.

Portfolio

Latest writing

5 October 2026

AI is infrastructure. The moat is everything else.

Why the question we ask every founder is what the product would be worth without the AI layer.

All writing

Raising a round, or crossing between Asia and Europe?

Tell us who you are and what you are working on. We read everything.

Get in touch