Off Piste Capital / Early-Stage Venture / Fund I — First Close Apr 2026

Find Uncommon Ground

Venture capital backing exceptional founders. Led by Max Samuel — ex-Thiel Capital — investing in important technology companies: the systems and infrastructure of the future.

Norway · Bridging US networks to Nordic & European founders

The Fund / 01

Backing the important thing everyone else is ignoring.

Off Piste is where the groomed trail ends. We find uncommon ground, backing exceptional founders building breakthrough companies — in artificial intelligence, space infrastructure, defence, and cryptographic proof — before the rest of the market looks their way.

Fund I held its first close in April 2026: a ~€25M-target early-stage vehicle, run by a solo GP, writing ~$2M checks and leading rounds from pre-seed through Series A.

Vehicle
Off Piste Fund I
First close
April 2026
Target
~€25M ($30M)
Structure
Solo GP
Stage
Pre-seed → Series A
Typical check
~$2M · Leads
Base
Norway

Portfolio / 02

Four routes, no piste.

More to be announced /26

Full portfolio

01/ Objection — Artificial Intelligence

The AI tribunal of truth.

Seed round alongside Peter Thiel and Balaji Srinivasan.

Visit objection.ai

02/ Beyond Reach Labs — Space Infrastructure

Deployable structures for space infrastructure.

Launched on Y Combinator — solar panels in space the size of football fields.

Visit beyondreachlabs.io

03/ Octet — Cryptographic Proof

Cryptographic proof of physical presence.

Hardware-signed proofs that a known device is where it claims to be — verified offline, no server callbacks.

Visit octetproof.com

04/ Stendr — Defence

AI-native hardware and software for the modern battlefield.

Raised $5.4M to build the Nordics’ next defence prime.

Visit stendr.com

The General Partner / 03

A decade off the groomed trail.

Max Samuel spent seven years inside Peter Thiel’s world — Associate General Counsel & Chief Compliance Officer at Thiel Capital in Los Angeles, 2014 to 2021 — after investment banking at Credit Suisse and a turn as a technology attorney at Wilson Sonsini. In 2021 he became a General Partner at SNÖ Ventures in Norway, leading investments across the Nordics and Europe through 2025 while keeping the US relationships that define his edge.

Along the way he began backing the frontier himself — an early investor in Starcloud (data centres in space) and Enhanced (NYSE: ENHA). In January 2026 he struck out on his own, founding Off Piste to bridge the two worlds: elite US networks carried to founders the Bay Area hasn’t met yet.

Thiel Capital / Founders Fund ecosystem / US frontier networks  →  Nordic & European founders

Max Samuel, General Partner of Off Piste Capital
Max Samuel / General Partner

The Route / 2008 → Present

2008–09

Credit Suisse

Investment Banking Associate

New York

2013–14

Wilson Sonsini

Attorney

SF Bay Area

2014–21

Thiel Capital

Associate General Counsel & Chief Compliance Officer

Los Angeles

2021–25

SNÖ Ventures

General Partner

Led Nordic Air Defence, Cursive, IntuiCell, SINDRi & others

Norway

Jan 2026 →

Off Piste Capital

Founder & General Partner

Fund I first close · April 2026

Off-piste · 2023 →

Starcloud

Pre-seed investor — data centers in space

Personal · during SNÖ

Off-piste · 2024 →

Enhanced

Early investor

NYSE: ENHA

News / 04

Signals from off the trail.

29·04·26EU-Startups Former Thiel Capital investor launches Off Piste Capital as Solo GP with €25 million early-stage fund 17·04·26TechCrunch Objection raises seed round from Peter Thiel, Balaji Srinivasan and Off Piste to build the AI tribunal of truth 16·04·26Stendr Stendr raises $5.4M to build the Nordics’ next defence prime 15·04·26Y Combinator Beyond Reach Labs launches on Y Combinator: solar panels in space the size of football fields Full press index

Contact / 05

Off the
groomed trail.

Building something important where nobody else is looking? We’d like to hear from you.

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