Mountain Alliance
Mountain Alliance AG is a listed German venture capital company that strategically invests in digital growth companies. Their investment approach is centered around building long-term value by backing scalable tech businesses and helping them convert potential into performance. The firm aims to acquire entire portfolios in a targeted manner, primarily through the contribution of own shares at NAV. They focus on strengthening the overall exit capability of their investments. Mountain Alliance is increasingly focusing on the defense tech sector, particularly on dual-use applications in drone and satellite technology, cybersecurity, and artificial intelligence. They are actively seeking opportunities in attractive technologies for further expansion of their portfolio while maintaining a strong focus on exits. The firm invests in companies that leverage AI for new security-related and civilian applications, thereby transforming markets. Recent moves indicate a shift toward more mature scale-ups. The firm's investment in MindGuard AG, an innovative Swiss company developing an AI-supported ecosystem designed to strengthen mental resilience in security-critical areas, exemplifies their focus on AI and defense technologies. Mountain Alliance aims to expand its portfolio in the defense technology sector, focusing on companies leveraging AI for new security-related and civilian applications, with plans for further investments in drone and satellite technology as well as cybersecurity.
Mätch VC
Mätch VC backs the next generation of European innovators by combining capital with a network of ~90 German industrial family businesses (Mittelstand). Their thesis centers on early-stage investments in highly technical teams solving complex B2B challenges, with a focus on deep tech, AI-driven solutions, and sustainable industrial innovation. They prioritize founders who can benefit from their unique ecosystem of Mittelstand expertise and connections.
NAP (formerly Cavalry Ventures)
NAP, formerly Cavalry Ventures, focuses on backing expert founders. The firm emphasizes providing capital, candid advice, and relevant introductions. They prioritize staying small to remain useful to their portfolio companies, avoiding platform bureaucracy and ego-driven management. They focus on partnering with builders who have a strong understanding of both the strategic and operational aspects of their businesses, seeking founders who are fluent in both boardrooms and the command line, operators with industry scars and the commits to fix them.
Next Big Thing
Invests in scalable deep-tech ventures leveraging IoT, AI, and predictive technologies to solve complex challenges in healthcare, infrastructure, construction, cybersecurity, and industrial sectors. Focuses on startups that improve operational efficiency, sustainability, and safety through data-driven solutions.
Next Commerce Accelerator
Next Commerce Accelerator (NCA VC) operates as a venture capital firm connecting startups with corporate partners. From 2017 to 2025, they invested in 77 B2B startups, partnering with over 25 corporate LPs to foster venture-scale outcomes from validated demand. Their investment approach involves helping enterprises de-risk innovation by engaging with venture-ready startups. They frame problems with business owners, scout and screen the market, and conduct a selection process aligned with their corporate partners' needs, supporting selected startups to drive pilots that lead to measurable business results. NCA VC's process includes a Product Market Fit approach involving venture-client pilots with corporate partners, starting from problem framing and startup fit, progressing through pilot phases, and aiming for scale. They also focus on scouting and selecting startups aligned with their corporate partners’ needs, providing search- and venture radar with defined search fields and quarterly market views mapped to partner roadmaps. The firm also provides portfolio support, offering ongoing operator support beyond the initial financing round. Their program highlights include product field workshops, startup speed-dating sessions, startup roadshows involving on-site corporate visits, demo days & demo dinners, and innovation days, which involve numerous participants and matchmaking opportunities. These initiatives facilitate connections and collaboration between startups and corporate partners, with the aim of driving innovation and growth. The firm's investment strategy focuses on B2B startups operating in sectors such as B2B SaaS, AI, data & automation, trade & commerce, logistics, construction, and circularity. Their model centers around connecting startups with corporate partners to validate demand and generate venture-scale outcomes.
Next Mobility Labs
Next Mobility Labs operates as a venture studio focused on building and scaling startups in the sustainable mobility sector. They distinguish themselves by taking a highly active role in their portfolio companies, providing not just capital but also operational support, leveraging their extensive industry experience, established network, and expert advisors. They conduct global research to identify tech innovations in sustainable mobility and participate as co-founders or early-stage investors. Their goal is to transform these startups into profitable and impactful businesses shaping the future of mobility.
Nixdorf Kapital Impact Fund
NIXDORF Kapital AG positions itself within the sustainability tradition of the historical NIXDORF companies. The firm emphasizes its commitment to social responsibility, focusing on regional impact and employee well-being. Their investment strategy is deeply rooted in ESG (Environment, Social, Governance) principles, with a historical emphasis on the 'S' aspect. Dagmar Nixdorf, as the founder and Chairperson of the Supervisory Board, represents the company's dedication to these principles. The firm aims to support companies that align with sustainable development goals and contribute to positive societal and environmental outcomes.
Nord Holding
NORD Holding is a German private equity firm focused on transforming medium-sized business models through a collaborative, eye-level partnership approach. They aim to develop the value of companies, acting as a partner for ambitious managers and leading investors, offering customized and return-oriented investment solutions. The firm prioritizes reliability, creativity, and success in its investment approach, seeking to strengthen growth and create value for both society and the economy. They strive for continuous success based on strong stakeholder relationships, market knowledge, and experience. Their individual and flexible investment approaches are tailored, moving away from standard solutions. They partner with companies to provide tailor-made solutions and enhance company value.
Nordwind Growth
Nordwind Growth is a German growth private equity firm that provides capital and strategic/operational support to technology companies in Germany, Austria, and Switzerland. They focus on creating value for their investors by targeting companies with scalable and proven business models, outstanding founder and leadership teams, and tech-driven competitive advantages. The firm prioritizes companies with a history of cash-efficient growth and solid core values and principles. Nordwind Growth aims to partner with companies that have demonstrated market traction and possess the potential for significant expansion within the DACH region. Their investment strategy seems to center on identifying and supporting companies with defendable technology and a strong focus on building sustainable, profitable businesses.
Novum Capital Partners
Novum Capital Partners is a private equity firm based in Frankfurt, Germany, that focuses on investing in medium-sized companies with stable markets, attractive market positions, and profitable operations. The firm's investment strategy includes succession solutions, carve-outs, majority stakes, and minority stakes, with the goal of fostering growth and ensuring crisis resilience. They aim to bring together promising companies with first-class managers and develop them as active, value-adding shareholders. They also support future-proof structures and strategies. Novum Capital actively manages complex participation scenarios in the best interests of the company. They promise conscientious development, independence from corporate control, preservation of entrepreneurial achievements, and resolution of shareholder disputes. They provide equity or debt capital and expertise for management buy-outs or buy-ins and support managers in negotiating with stakeholders to become shareholders. They also emphasize ESG aspects (environmental, social, and governance) to sustainably increase a company's value. The firm prioritizes transparency in its activities and important decisions at its portfolio companies, seeking to provide significant value increases for investors over a 10-year fund duration. Novum Capital also aims to implement entrepreneurial, value-enhancing initiatives quickly, facilitated by the resources available at the firm. They provide fast and well-founded replies to investment offers and maintain a high level of reliability during transactions. Decision-makers are based in Frankfurt and are easily accessible, providing flexibility in financing matters with access to their own funds, institutional co-investors, and banks.
Obotritia Capital
Obotritia Capital KGAA is a private investment firm that invests in both listed and unlisted markets. Their investment portfolio spans real estate, venture capital, financial services, and other corporate opportunities. They aim to add value to their investments.
Patrizia
PATRIZIA SE is positioned as a leading partner for global real asset investments, focusing on building smarter communities and sustainable futures. They aim to deliver positive impact through innovative thinking and operational excellence, striving to be an industry benchmark. With a strong focus on real assets, PATRIZIA offers expertise to both institutional and private investors, including those new to real asset investments. They provide access to diverse investment opportunities, ranging from core properties to major high-profile assets, structured to match individual investment needs. PATRIZIA's approach combines international expertise with detailed local knowledge, leveraging research, data analysis, and on-the-ground insights to inform investment decisions. Environmental, social, and governance (ESG) considerations are integrated into their investment process, from sourcing to reporting. The firm's entrepreneurial DNA is supported by a solid balance sheet, fostering a culture that combines creativeness with bold ambitions.
Peakside Capital
Peakside Capital is an owner-managed fund manager and real estate investment company focused on Germany and Central and Eastern Europe (CEE). They aim to transform challenges into value by leveraging their deep market knowledge, extensive experience, and established network of partners. Their investment strategy centers around active, hands-on asset management to achieve significant value enhancements, rather than passive holdings. They seek out properties affected by price distortions, those in difficult sales processes, or with refinancing needs, mispricing, operational value enhancement, or conversion potential. Peakside offers investors individualized investment solutions across various sectors and throughout the real estate value chain. Their approach enables meaningful investments at every stage of the market cycle, based on excellent market access and creative, hands-on asset management.
Phoenix Contact Innovation Ventures
Phoenix Contact Innovation Ventures, the venture capital arm of the Phoenix Contact Group, focuses on identifying new, particularly digital, business models and investing in highly disruptive technologies that contribute to a sustainable world. Their investment strategy centers around electrifying, connecting, and automating industries, with a specific focus on deep-tech B2B environments. They aim to bring together ideas, capital, and progress to facilitate the availability of affordable energy from renewable resources and to optimize existing industries for energy efficiency gains. The firm invests in startups that align with Phoenix Contact's broader mission to create technological and collaborative innovations that improve the lives of customers and society, reflecting a commitment to innovation and entrepreneurship for a sustainable future. Their investment approach is underpinned by an evergreen fund structure, allowing for flexible holding periods and independent operation, ensuring they can act as a reliable partner through varying market conditions.
Plug & Play EMEA Ventures GmbH
Investing in seed-stage European startups, especially in Spain, across AI, fintech, sustainability, and mobility, by combining capital with Plug and Play's global acceleration and corporate networks.
Positron Ventures
Positron Ventures focuses on helping and funding Europe-based scientist-entrepreneurs who are pursuing moonshots for planetary health. They invest in scientist-entrepreneurs working on breakthroughs across the natural sciences, backing teams from day one in their pursuit of solving major global challenges. The firm often acts as the first believer and investor, offering support across all aspects of building a company. They proactively conduct deep dives in scientific niches to thoroughly understand the state of science in a given field before investing. Their investment strategy appears to be focused on early-stage, pre-seed deeptech companies. Positron Ventures aims to turn breakthrough research into successful companies by investing at the frontier of science and building systems that help deeptech founders succeed. This includes support across operations, people, communications, and LP engagement. Positron Ventures invests in deeptech funds in Europe and the US, and is launching the Positron Foundation to support high-risk, pre-commercial research.
Project A Studio
Project A Studio is a proving ground for Europe's boldest entrepreneurial talent, partnering with founders at the ideation and validation stage. They provide hands-on support from their experienced team, helping to shape and test the founder's vision. When conviction is mutual, they lead the pre-seed round on founder-fair terms and bring in high-signal angels.
Quint Ventures
Quint Ventures is a business angel group established in 2021, investing in early-stage (Seed and Series A) SAAS and AI-native companies across Europe. They seek to partner with ambitious founders, offering not only capital but also their expertise and a global network of business partners. The firm consists of five tech investors and professionals who invest collectively or individually. Their focus is on innovative startups with the potential to disrupt existing processes and value chains. They position themselves as sparring partners for founders, aiming to help them avoid common pitfalls and accelerate growth through active engagement and support.
Raspberry Ventures
Raspberry Ventures operates as a syndicate of individual private investors, co-investing alongside VC-led rounds in ClimateTech and AI-enabled startups. Their primary goal is to provide a fast and founder-friendly solution for closing the final gap in funding rounds, allowing founders to refocus on building their companies. The syndicate aggregates investments into a single SPV, offering founders a streamlined cap table with one line, signature, and simplified governance. Raspberry targets startups raising their first VC money, facilitating their transition from 'amateur' to 'professional' funding. They typically invest in early-stage tech startups that address climate change and/or utilize AI to solve real-world problems. These startups have established problem-solution fit and confirmed product-market fit, generally seeking €1m - €5m to accelerate their go-to-market strategies. While their primary focus is on earlier stages, Raspberry occasionally participates in A+ rounds when the allocation aligns with both the founders' and the syndicate's interests. The firm presents one startup at a time to its members, enabling them to evaluate each co-investment on a case-by-case basis and make independent investment decisions. They collaborate with founders to establish a target and coordinate the closing timeline based on co-investor interest. The mission is to save founders time, offering a quicker and simpler way to fill remaining gaps in funding rounds compared to traditional VC processes. Raspberry's members consist of busy, successful individuals who typically do not engage in solo angel investing, making their capital contribution genuinely additive. This allows founders to bring sophisticated investors onto their cap table with minimal administrative burden.
Realyze Ventures
Realyze Ventures invests in European startups building scalable technologies to transform the built environment. Focus areas include reducing carbon footprints, improving process efficiency, and leveraging digitalization to meet EU 2030 sustainability goals. The firm targets founders solving industry challenges like craftsmanship shortages, energy consumption, and regulatory compliance through software, hardware, and hybrid solutions.
Redstone/VR Ventures
Based on the available information, Redstone/VR Ventures appears to be a venture capital firm that invests in technologies aiming to shape the future for the better. They express a strong focus on funding teams with creative and brave ideas across a variety of sectors, including Fintech, Deeptech, Industrial, Energy & Infrastructure, Blue Economy, Social Impact, and Health. Their investment strategy involves seeking companies contributing to a greener future and a society with less disparity. Redstone emphasizes "Our Way," which suggests a distinctive approach to venture capital, though specifics about this approach are limited in the provided content. The firm has a multi-faceted investment approach, demonstrated by their portfolio spanning diverse sectors from sustainable arctic mobility (Aurora Powertrains) to molecular building blocks for material innovation (Cambrium) and innovative financial solutions (Aslan). This suggests a broad mandate within their defined focus areas. Redstone seems to have a strong focus on backing European startups, particularly in Germany and Finland, as evidenced by portfolio companies located in Berlin, Germany (Cambrium) and Mikkeli, Finland (Aurora Powertrains), London, UK (Aslan) with a focus on bridging the gap between earned wage access and financial rewards. Overall, Redstone aims to support companies that offer innovation, sustainability, and societal benefits. They appear to maintain a broad portfolio, potentially targeting startups at various stages of development within their focus sectors.
Rheingau Founders
Rheingau Founders is a Berlin-based early-stage venture capital fund focused on backing startups with the potential to sustainably disrupt existing processes and value chains. They look for ventures challenging established industries and capable of generating strong returns for investors and society, emphasizing the creation of new jobs. The firm's investment strategy centers around supporting 'hidden champions' of tomorrow, particularly companies leveraging digitalization to become leaders in their respective fields. They value partnerships with founders and aim to be sparring partners in strategic and daily challenges.
Robert Bosch Venture Capital GmbH
Robert Bosch Venture Capital GmbH (RBVC) aims to shape the future through investments in innovative technology companies. While the provided content lacks a comprehensive, explicitly stated investment thesis, it's evident that RBVC focuses on supporting companies developing technologies aligned with Bosch's strategic interests, such as automotive, industrial technology, consumer goods, and energy and building technology. The firm seeks to identify and invest in companies with high growth potential and disruptive technologies that can create synergistic opportunities with Bosch's existing businesses. RBVC's strategy involves providing not only financial capital but also access to Bosch's global network, industry expertise, and resources to help portfolio companies scale and succeed. The emphasis appears to be on strategic investments that can generate both financial returns and contribute to Bosch's innovation ecosystem. Their interest in areas like AI, cybersecurity, cloud, energy, and advanced manufacturing suggests a commitment to supporting the digital transformation and sustainability initiatives of Bosch.
Rocket Internet
Rocket Internet operates as an incubator and investor in internet and technology companies globally. Their strategy revolves around identifying promising business models, building companies from scratch using proprietary processes (incubation), and providing operational support to help them scale internationally. They also invest in existing companies through their investment arm, Global Founders Capital. They aim to create market-leading companies and provide a unique blend of operational support and capital, backing entrepreneurs across all stages from seed to IPO.