Andrey Khusid

Co-Founder & CEO, Miro; Founding Partner, S16VC at s16vc

Reviewed Updated Jun 4, 2026

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Location Amsterdam, Netherlands
Check Size $500K–$3M (via S16VC); smaller personal angel checks
Last Verified Investment CodeWords (Seed) — May 7, 2026
Social LinkedIn
Stage Focus
seed series-a
Sector Focus
AI enterprise-software productivity developer-tools saas

Background

Andrey Khusid is the co-founder and CEO of Miro, the visual collaboration platform he started in 2011 with Oleg Shardin (originally as RealtimeBoard) 12. Miro is dual-headquartered in Amsterdam and San Francisco and reached a $17.5B valuation in January 2022 after a $400M Series C co-led by ICONIQ Growth and Accel 13. By 2025 the platform served 90M+ users and 250,000+ organizations 2.

Beyond Miro, Khusid is a founding partner of S16VC, an early-stage “founders for founders” fund he launched in 2020 alongside Oleg Bibergan (ex-Goldman Sachs, 13 years in tech investing across CIS) and Aleks Shamis (serial entrepreneur with four exits) 45. S16VC writes checks of $500K to $3M at seed through Series A, with a stated focus on AI, enterprise software, digital infrastructure, deeptech, and technology platforms across the US, UK, Germany, France, and Spain 45. Khusid also makes selective personal angel investments outside the fund 6.

Stated Thesis

S16VC’s published pitch is “founders for founders”: a fund “led by repeat founders and operators who transitioned into venture investing, bringing firsthand startup scaling experience” and supporting portfolio companies on “product-market fit, fundraising strategy, and global expansion execution” 4. The fund’s investment statement is that S16VC “invests in early and growth-stage global technology startups building scalable software and AI-driven businesses” 4.

Khusid’s S16 co-founder Oleg Bibergan has described the fund’s founder-selection lens: “We believe the greatest predictor of success is the founder. And the best deals are offered to their inner circle before the broader market even hears about them” 5. The three named evaluation filters are clarity (explaining the business simply), speed (rapid iteration in the AI era), and unique market insight 5. Khusid himself has publicly emphasized that “speed of learning is the only true competitive moat in the AI era” as a lens he applies both to Miro and to the companies he backs 7.

No verified Khusid-authored thesis statement specifically about his personal angel checks (separate from S16VC) was found.

Inferred Thesis

Sample size note: this analysis is based on a small set of verified S16VC portfolio companies and one named personal angel investment. S16VC reports ~27 portfolio companies as of mid-2025 8, but only a fraction are publicly disclosed with both Khusid’s name attached and a confirmed round source. The analysis below is therefore directional, not statistically robust.

  • Vehicle structure: Khusid invests primarily through S16VC rather than as a freelance angel. The fund operates two named funds (Fund I and Fund II on PitchBook) 8 and lists Khusid as Founding Partner alongside Bibergan and Shamis as co-founders/GPs 45.
  • Stage: Seed through Series A, with S16VC’s stated check range of $500K–$3M 4. Recent 2025 round participations confirm the seed/early-stage pattern (Stacks pre-seed and seed, Dubformer $3.6M, Theker Robotics €3M) 8.
  • Sector pattern (based on 10 named portfolio companies): Enterprise SaaS and productivity dominate: Miro, TravelPerk (corporate travel), People.ai (revenue operations), Juro (contract management), Printify (commerce infrastructure), Melio (B2B payments), Allset (consumer commerce) 49. AI-native companies are a growing share — Synthesia (AI video generation, $4B valuation 9) and CodeWords (AI agents for non-technical users, $9M seed May 2026) 6 are the named AI bets. Of the named companies, the rough split is approximately 7 of 10 (70%) enterprise/productivity SaaS and 2 of 10 (20%) AI-native, with 1 (10%) consumer (Allset).
  • Geography: Trans-Atlantic. S16VC’s stated geography spans the US, UK, Germany, France, and Spain 4. Portfolio companies span Europe (Juro UK, TravelPerk Spain, Synthesia UK, Theker Robotics Spain) and the US (People.ai, Melio, Stacks) 489.
  • Founder profile patterns: Heavy bias toward repeat founders and operators-turned-founders, mirroring the founders’ own backgrounds. The “best deals are offered to their inner circle” framing 5 suggests deal flow is heavily network-driven rather than inbound.
  • Notable delta vs. stated thesis: S16VC’s public materials emphasize AI as a primary focus 4, but the bulk of the named portfolio is pre-AI-boom enterprise SaaS (TravelPerk, Juro, People.ai, Melio, Printify all founded before the 2023 generative-AI surge). Newer commitments (CodeWords, Synthesia, Dubformer) are AI-native; the portfolio is in mid-rotation toward AI rather than originating from it.

Portfolio

This table covers companies publicly named as S16VC or personal Khusid investments. It is a subset of the ~27 companies S16VC reports backing 8.

Company Year Stage Source
Miro 2011 Founder 12
TravelPerk ~2020 S16VC portfolio (early) 49
People.ai ~2020 S16VC portfolio 49
Juro ~2020 S16VC portfolio 49
Printify ~2020 S16VC portfolio 49
Melio ~2020 S16VC portfolio 49
Allset ~2020 S16VC portfolio 49
Pinely ~2020 S16VC portfolio 49
1040.com ~2020 S16VC portfolio 49
Synthesia ~2021 S16VC portfolio (pre-unicorn) 49
Theker Robotics 2025-02 €3M (S16VC participated) 8
Dubformer 2025-03 $3.6M (S16VC participated) 8
Stacks 2025-02 Pre-seed + $7M seed (S16VC existing investor in Series A $23M) 8
CodeWords 2026-05-07 $9M Seed (Khusid personal angel) 6

In Their Own Words

On enterprise sales and adoption: “Recently, when we started to sell wall-to-wall to enterprises…who are hesitant to adopt new technology – it’s very different dynamics.” — Andrey Khusid, SaaStr podcast with ICONIQ’s Matthew Jacobson 10

On scaling teams: “It’s not only about bringing in the right people, it’s also about onboarding them into the company and building processes that support the scale of the organization.” — Andrey Khusid, SaaStr podcast 10

On using data: “From the very beginning, we were focused on data points that were coming from our users and customers…we look at data points at scale.” — Andrey Khusid, SaaStr podcast 10

On building during rapid growth: “I call it ‘building a plane while flying.’” — Andrey Khusid, TechCrunch interview, January 2022 3

On Miro’s evolution: “We’ve seen the market evolving over the last 10 years, and what started as an idea to bring a whiteboard into a browser has enabled us to understand the kind of value we can bring to organizations of all sizes.” — Andrey Khusid, TechCrunch interview, January 2022 3

What Founders Say

No independently sourced founder testimonials about Khusid specifically (as an angel investor or S16VC partner) were found at the time of research. S16VC’s website does not feature public founder testimonials, and portfolio founders’ interviews about their funding rounds typically attribute the investor relationship to S16VC or the lead investor of the round rather than naming Khusid as the operating partner.

Connections

  • Co-founder, Miro — alongside Oleg Shardin (founded 2011) 12
  • Founding Partner, S16VC — with Oleg Bibergan (co-founder, ex-Goldman Sachs) and Aleks Shamis (co-founder, serial entrepreneur) 45
  • Miro Series C co-investors (2022) — ICONIQ Growth (Matthew Jacobson), Accel, Atlassian, Dragoneer, GIC, Salesforce Ventures, TCV; individual investors Howie Liu and Andrew Ofstad (Airtable), Frank Slootman (Snowflake), Dan Springer (DocuSign) 3
  • CodeWords co-angels (2026) — Mati Staniszewski (ElevenLabs CEO), Ilkka Paananen (Supercell CEO), Hanno Renner (Personio CEO), Robert Gentz (Zalando CEO), François Chollet, plus leaders at OpenAI, Mistral, n8n, Zapier 611

Sources

  1. Miro company about page. Accessed June 2026. https://miro.com/about/↩↩↩↩

  2. “Miro (collaboration platform),” Wikipedia. Accessed June 2026. https://en.wikipedia.org/wiki/Miro_(collaboration_platform) ↩↩↩↩

  3. Ingrid Lunden, “Visual collaboration company Miro valued at $17.5B following $400M in new funding,” TechCrunch, January 5, 2022. https://techcrunch.com/2022/01/05/visual-collaboration-company-miro-valued-at-17-5b-following-400m-in-new-funding/↩↩↩↩

  4. “s16vc — Founders for Founders Fund,” Venture Capital Archive profile. Accessed June 2026. https://venturecapitalarchive.com/venture-funds/s16vc-founders-for-founders-fund-s16vc-com↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩

  5. “S16VC: Insights from Exclusive Founders’ Session,” Raison, accessed June 2026. https://raison.app/news/interview/s16vc-venture-capital-driven-by-community↩↩↩↩↩↩↩

  6. “Can’t code? This startup just raised $9m to make you a workflow automation genius,” Sifted, May 2026. https://sifted.eu/articles/startup-raised-9m-workflow-automation-genius↩↩↩↩

  7. “Miro CEO Andrey Khusid on AI Strategy & Product Reinvention,” The Product Podcast, Product School, accessed June 2026. https://productschool.com/resources/product-podcast/andrey-khusid-miro-ai-product-expansion↩

  8. “s16vc — 2025 Investor Profile, Team & Investment Trends,” Tracxn, accessed June 2026. https://tracxn.com/d/venture-capital/s16vc/__fg52izxNMKgEbC8GEVPYi_KBP-JO_pWKC6v54dNd1yU↩↩↩↩↩↩↩↩

  9. “s16vc — Crunchbase Company Profile & Funding,” Crunchbase, accessed June 2026. https://www.crunchbase.com/organization/s16vc↩↩↩↩↩↩↩↩↩↩↩↩

  10. “Finding Opportunities in Every Challenge: From Humble Beginnings to 30 Million Users with Miro Founder and CEO Andrey Khusid, and ICONIQ Growth General Partner Matthew Jacobson (Pod 580 + Video),” SaaStr, 2022. https://www.saastr.com/finding-opportunities-in-every-challenge-from-humble-beginnings-to-30-million-users-with-miro-founder-and-ceo-andrey-khusid-and-iconiq-growth-general-partner-matthew-jacobson-pod-580-video/↩↩↩

  11. “CodeWords raises $9M to bring proactive AI agents to businesses,” Tech.eu, May 7, 2026. https://tech.eu/2026/05/07/codewords-raises-9m-to-bring-proactive-ai-agents-to-businesses/↩