Tenet

Profile

Tenet is an investment firm based in Berlin, founded in February 2026 with an aim to back AI-powered roll-ups across Europe. The firm is composed of four General Partners who collectively bring over 25 years of experience in early-stage VC, growth equity, and private equity. Martin Janicki, Alexander Maly, Sahil Patwa, and Simon Lohmann are all seasoned in different aspects of the investment spectrum, positioning Tenet to address a structural gap between traditional venture capital and buyout funds. They are recognized for their AI focus and their attempts to transform professional services through these technologies. Tenet stands out with a specialized thesis on AI roll-ups, emphasizing the European market's unique conditions.

Tenet focuses on sectors such as AI-Powered Roll-Ups, AI-Native Services, and Professional Services Transformation, where they write typical first cheques of €5M at inception stages. They target professional service verticals where AI integration can significantly impact operation and margins. The firm operates primarily in the Europe region and aims to carve a niche in addressing the challenges faced by small and medium-sized enterprises by embedding AI into their processes. As a new player in the investment landscape, Tenet has set a target of an €80M fund size for their AI Roll-Ups Fund, with approximately €27M already raised at its launch.

Their notable first investment is Taxforce, a German AI-native tax advisory platform. This investment marks Tenet's commitment to transforming traditional sectors with AI capabilities, focusing on sectors like tax advisory with fragmented landscapes, high barriers to entry, and AI-friendly standard workflows.