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Human × AI

The Capital Moves East: Joachim Enegaard on Investing Where Europe Builds

Rockaway Ventures is redrawing the European VC map — backing defence tech, industrial AI, and energy founders in CEE, where engineering depth is world-class and valuations have not caught up.

Most European VC maps still centre on London, Berlin, and Paris. Joachim Enegaard thinks this map is about five years out of date. As an investor at Rockaway Ventures, he deploys capital across Central and Eastern Europe, where the technical talent is deep and the sectors that matter most to European sovereignty are being built.

The Thesis

Rockaway Ventures invests in defence and dual-use technologies, industrial AI, and energy — sectors where Europe has declared strategic priority and where the gap between priority and deployed capital creates the opportunity.

Why CEE

The CEE ecosystem produces systems engineers, cryptographers, and industrial automation specialists — technical founders building in sectors where defensibility is structural. Prague sits at the centre of a talent pool from Tallinn to Sofia, with cost structures that give founders a runway advantage.

Why Vienna

The Human × AI Conference sits at the geographic and thematic intersection of Enegaard's thesis. His answer to where European deep tech will be built — informed by a portfolio spanning defence, industrial AI, and energy across CEE — may surprise attendees whose mental map still centres on Western capitals.

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