Heal Capital
Heal Capital is a venture capital firm that invests in technology-driven startups redefining healthcare. They focus on providing capital and access to the healthcare system to mission-driven founders. Their investment strategy targets early-stage HealthTech startups across Europe, from Pre-Seed to Series A. They aim to back companies that are leveraging technology to improve various aspects of healthcare, likely including diagnostics, treatment, patient care, and healthcare operations. Given the focus on access to the healthcare system, they probably actively facilitate partnerships and integration opportunities for their portfolio companies with existing healthcare providers and institutions. Their portfolio highlights various areas in healthtech, from platforms that help patients navigate healthcare to advanced AI tools used in radiology and drug discovery. This indicates a diverse investment interest within the broader HealthTech landscape. The mention of exited companies suggests a demonstrated ability to successfully guide startups to exit events. Heal Capital invests between €1-5m, allowing them to take meaningful stakes in companies at the seed and series A stage. They are likely to play an active role in the companies they invest in, using their expertise and network to accelerate growth.
Target Global
Target Global is passionate about empowering growth by investing in transformational technology. They support entrepreneurs who are making a positive impact on the world. Their portfolio page showcases a wide range of companies across different sectors and stages, but based on the available data it's difficult to provide a more detailed and nuanced summary of their overall investment thesis.
XPRESS Ventures
XPRESS Ventures invests in founders transforming the industrialized world, focusing on startups at the beginning of their journey. They believe that success in the industrial world depends on industry expertise, infrastructure access, and clients, and they aim to help startups bridge to these critical assets. They empower founders with capital and expertise early, providing advice rather than control, and leverage their network to supercharge startup growth. This includes helping startups navigate corporate collaboration challenges, connecting them with key industry players, and engaging their network of investors to foster advancements that build on industrial knowledge.
building10 Servicegesellschaft mbH
b10 is a venture capital firm that invests in early-stage startups. They claim to have invested 10 Million Euros and provided 10,000 days of operational support to 10 companies. The firm seems to focus on helping companies grow and has a team with experience in fundraising, sales, finance, legal, and international growth. They appear to offer operational support, as indicated by the "10K Days Ops Support" mentioned on their homepage. Furthermore, considering the team composition, which includes roles such as Head of Design, Head of Content, and Head of Talent, it's likely the firm provides hands-on support in various functional areas. The firm's portfolio demonstrates a preference for innovative companies, including those in autonomous vehicles (ENWAY), smart building technology (Sensorberg), and digital publishing (Pressmatrix). Furthermore, the portfolio is a mix of companies they have directly invested in and companies that partners of b10 have been involved with individually. Given the investment focus and team expertise, b10 likely seeks startups with strong growth potential and innovative business models, where their experience and operational support can accelerate development and market penetration. The exits to date highlight their ability to identify early stage promising startups and help them navigate the path to successful exits. The team's experience in specific areas like fundraising, sales, and international growth indicates a targeted value proposition for portfolio companies facing these challenges.
Reimann Investors
Reimann Investors is a Munich-based family office and venture capital firm focused on high-growth B2B software companies in the DACH region. They invest in SaaS, FinTech, and EcomTech companies that deliver clear, validated added value to business customers. While sector-agnostic within B2B software, they have demonstrated proptech appetite through investments such as Predium (real estate intelligence). They are phase-agnostic in practice but typically target companies with at least €1M ARR, and take active advisory board roles to support international scaling. They emphasize long-term partnerships and sustainable growth over short-term exits.
AxSol
AxSol is a venture capital firm that invests in leading companies within the distributed energy sector, with a focus on solar energy. They aim to accelerate the European energy transition by partnering with disruptive companies in the industry. AxSol is part of Axel Johnson, a long-standing family business, providing stability and a long-term investment horizon. Their investment philosophy is centered around supporting founders throughout their entrepreneurial journey, offering access to industry expertise, a strong ecosystem, and hands-on support in strategic, operational, and financial projects.
Boring Ventures
Boring Ventures aims to fill the gap between bootstrapping and venture capital by providing long-term strategic support to companies. They focus on building profitable, sustainable ventures that solve real problems. Unlike traditional VCs, Boring Ventures doesn't push founders toward a "unicorn-or-bust" trajectory and does not believe in blitz-scaling or growth at any cost. They are entrepreneurs and founders themselves, offering an alternative funding model for businesses that don't fit the venture capital mold. The firm emphasizes a long-term approach to building companies and sees value in sustainable growth.
SevenVentures
SevenVentures is the investment arm of ProSiebenSat.1, focusing on developing big brands through media investment. They aim to partner with high-growth, consumer-oriented digital companies with the potential for sustainable success through TV advertising and premium digital reach. As a leading TV media investor, they understand how to leverage media to create brand stories and boost business growth. SevenVentures provides tailored support to established digital growth companies seeking to expand their core business or enter the German and Austrian markets. Their flexible investment model includes Media-for-Equity investments and media co-operations (Media-for-Revenue), enabling them to offer customized support. Their expertise helps portfolio companies leverage their brand, grow their business, and receive tailored investments. They empower companies to increase brand value through customized campaigns and TV spots across ProSiebenSat.1's premium TV channels, digital network, influencers, and retail partners. Furthermore, they boost sales performance with targeted campaigns and effective TV spots, utilizing campaign optimization tools, brand tracking, and spot testing. Their flexible investment models, including media convertibles, allow them to invest between traditional VC rounds, avoiding typical VC investment restrictions.
Philipp Angermann
PA Ventures GmbH, led by Philipp Angermann, focuses on early-stage fintech and B2B SaaS startups. As an angel investor and startup advisor, Philipp leverages his experience in product management, B2B marketing, B2B sales, and operations to support portfolio companies. His investment strategy centers around providing not only capital but also hands-on guidance to help startups navigate the challenges of early growth. He aims to connect them with a strong network of fellow angel investors, VCs, and family offices for subsequent fundraising rounds. Philipp also runs the PA Foundation to support non-profits and is committed to sustainability by offsetting his carbon footprint through Leaders for Climate Action.
tokentus investment AG
tokentus investment AG is a venture capital firm focused on blockchain-based investments. They aim to capitalize on the growth of the global blockchain market by investing in companies that disrupt traditional business models using blockchain technology. The firm has evolved from a startup investor to focus on growth and later-stage opportunities. Their decision-making is guided by six core principles: seeking the best multiples through equity and selected token investments, focusing on growth and later stages for optimal risk/opportunity ratios, targeting classic sectors where blockchain serves as a means rather than an end, investing globally with top co-investors, maintaining transparency with partners, and prioritizing the business side, leveraging the seniority and expertise of tokentus shareholders. They look for targets that strive to change business from scratch. The firm emphasizes a results-oriented approach, measuring their success by the performance of their investments. They actively seek companies that can benefit from their competence and experience, viewing themselves as partners in their portfolio companies' journeys to success. They invest only in equity and selected tokens. tokentus is dedicated to helping portfolio companies along the path to success, and provides guidance and support and is a solid partner to invest. The firm also emphasizes a commitment to transparency, reflecting its status as a stock-listed company.
DeepTech & Climate Fonds (DTCF)
The DeepTech & Climate Fonds (DTCF) invests in bold innovators and stellar investors to build industry-defining companies in DeepTech and ClimateTech. They provide long-term support to scale groundbreaking ideas, focusing on sustainable, long-term growth rather than rapid scaling. Funded by the German Future Fund and the ERP Special Fund, DTCF backs companies with long development cycles and high capital needs to transform entire industries, bridging investors, SMEs, and early growth tech startups.
MVP Munich Venture Partners
MVP Munich Venture Partners is a European venture capital firm focused on driving the eco-industrial revolution. They invest in tech companies transforming value chains in emission-intensive sectors, aiming for ambitious growth while addressing pressing global challenges of decarbonization and digitalization. Their approach centers on partnering with tech-preneurs and backing pioneering companies across Industrial Tech, Energy Transition, Mobility & Logistics, and Agriculture & Foodtech. They seek transformative technologies contributing to sustainable prosperity.
AI.FUND
AI.FUND is a venture capital firm dedicated to advancing Artificial Intelligence in Europe and Israel. They believe AI is a transformative innovation poised for widespread adoption and see Europe as a promising hub for applied AI. The firm's mission is to drive economic growth and prosperity by backing the development and adoption of AI solutions rooted in European values, connecting them with the established economy. They leverage their experience as successful entrepreneurs, investors, and technology experts to support European AI leaders in scaling their businesses globally. The firm is particularly interested in companies with scalable products, clear customer traction, and the ambition to grow internationally, especially in the U.S.
Cadence Growth Capital
Cadence Growth Capital (CGC) is a growth equity firm that invests in proven business models alongside founders and experienced investors, employing a partnership approach. They provide capital to strong founders and management teams to accelerate growth, offering individual and institutional investors access to the growth private equity asset class. CGC focuses on companies generating at least EUR 10 million in revenue with technology-enabled superior business models, strong organic growth rates, recurring revenue, and attractive unit economics. They are funded by leading institutional investors, including insurance companies, family offices, and fund-of-funds, and have a network of over 200 high-caliber individuals from the founder, corporate finance, investment, and corporate community. CGC is flexible in their investment approach and can invest in both influential minorities and majorities. CGC believes that digitalization and technology are key drivers for sustainable company success, especially highlighted by the recent pandemic. They aim to build a balanced portfolio of disruptive, proven companies and established businesses with strong transformational capabilities, focusing on value generation through growth and cash flows. CGC leverages its heritage and network to maintain a strong presence in the DACH region, allowing for proprietary and early access to attractive companies. They emphasize alignment of targets and incentives in their partnerships with founders and managers, backing those running businesses with best-in-class models. Furthermore, CGC integrates Environmental, Social, and Governance (ESG) considerations into all its investments, promoting environmental and social sustainability. The firm believes in a symbiotic partnership between founders/managers and investors, fostering alignment of targets and incentives through structuring flexibility. They seek to back strong founders and management teams who are running businesses with best-in-class business models.
468 Capital
468 Capital is a venture capital firm that invests in founder-led technology companies with global ambitions, aiming to define their categories. They leverage their experience in building and IPOing major European tech firms to provide market know-how, technical expertise, and a strong network to support portfolio companies. The firm specializes in identifying emerging trends early and committing to startups for the long term. With dual headquarters in Berlin and San Francisco from inception, they aim to help companies succeed on a global scale. Their investment approach includes taking a long view, investing across rounds, and focusing on specific sectors with high growth potential.
Aescuvest
Aescuvest is a European deal-by-deal VC boutique specializing in Healthtech. They focus on investing in startups addressing real-world medical challenges, moving 'from sickcare to healthcare'. Their investment areas include remote monitoring, detection & diagnosis, personalized medicine, and artificial intelligence in healthcare. They have a rigorous selection process and aim to provide expert guidance to ensure investment opportunities have the potential for exponential growth. The firm facilitates co-investment, enabling healthcare technology-driven investors to participate in opportunities and build individual portfolios according to their investment focus. Aescuvest leverages a growing network of partnerships across Europe and the Middle East to source and evaluate promising Healthtech investments. They structure financing rounds and provide a platform for investors to participate. They aim to empower healthtech's hidden gems across Europe and Israel. The firm provides the 'right environment' to build a strategic healthtech portfolio. Their approach appears to be a combination of traditional VC with a focus on deal-by-deal investments, enabling investors to pick and choose specific startups in their portfolio. This approach also enables a broader investor base to access venture deals with lower ticket sizes than traditional VC funds. They aim to transform medicine with healthtech solutions, driving innovation with a team of passionate and outcome-driven industry experts.
BOOOM
Backing Europe’s B2B backbone with a founder-first, networked approach. Focus on ambitious, high-growth teams with technical and commercial execution strength, leveraging founder experience to maximize captable value and systemic support.
Cadence Growth Capital (CGC)
Cadence Growth Capital (CGC) is a growth private equity firm that invests in proven business models alongside founders and experienced investors. They aim to support strong founders and management teams with capital to accelerate growth, targeting companies with technology-enabled business models that generate at least EUR 10 million in revenues, demonstrate strong organic growth rates, and have recurring revenue models with attractive unit economics. CGC's investment platform provides access to the growth private equity asset class for both individual and institutional investors. The firm is funded by leading institutional investors, including insurance companies, family offices, and fund-of-funds, as well as a network of over 200 high-caliber individuals from the founder, corporate finance, investment, and corporate community. CGC invests in both influential minority and majority positions, tailored to the specific needs of each investment. The firm believes value generation is achieved through growth and cashflows and builds a balanced portfolio of disruptive proven companies and established businesses with transformational capabilities. CGC places emphasis on tech-enabled business models, viewing digitalization and technology as key drivers for sustainable success. They possess a strong network within the DACH region through their heritage and investor/partner base, enabling proprietary and early access to attractive companies. CGC operates with a partnership approach, believing in a symbiotic relationship between founders/managers and investors. This involves structuring flexibility and alignment of targets and incentives. Furthermore, CGC prioritizes ESG, promoting environmental and social sustainability in all investments.
Capnamic Ventures
Capnamic Ventures invests in technology companies based in Germany and German-speaking regions, with the goal of supporting them in becoming global category leaders. They believe in the potential of 'Made in Germany' to extend into the digital age and aim to back daring entrepreneurs who can shape the future of technology. Capnamic focuses on early-stage tech startups, offering support from Pre-Seed to Series A rounds, providing hands-on assistance with crucial decisions such as setting up finance departments and making initial executive hires. Their strategy includes leveraging an extensive industry network and providing support functions like marketing and finance to help turn business ideas into fully-fledged companies. They emphasize their deep-rooted network in the German tech scene, with offices in Cologne, Berlin, and Munich. This localized presence gives them a strong understanding of the regional ecosystem. While primarily focused on Germany and the German-speaking regions, they are open to deals elsewhere if they have strong conviction in the company's potential. Capnamic's ultimate goal is to help their portfolio companies scale globally, leveraging their experience and network to provide the resources and guidance needed for success. Capnamic actively supports their portfolio companies, aiming to be the best companion throughout their growth journey. They recognize the importance of their founders' creativity, passion, and drive and aim to fuel this with their support. They have a track record of supporting companies from Seed to IPO, demonstrating their commitment to long-term partnerships. Capnamic's network includes successful founders and large corporations as Limited Partners, providing access to valuable expertise and connections for their portfolio companies. They invest in tech startups at the early stages, from pre-seed to Series A. With their industry network, hands-on approach and their support functions such as marketing and finance, they help to turn a business idea into a fully-fledged company. As a VC firm with people on the ground in Cologne, Berlin, and Munich they have a deep-rooted network in the German tech scene. They strongly focus their investment activities on Germany and the German-speaking regions. That doesn’t rule out deals elsewhere - but they certainly need extra conviction then.
CommerzVentures
CommerzVentures is an independent and return-oriented VC firm focused on backing visionary founders shaping the future of FinTech. They manage €550m across three funds. They invest in companies that leverage advanced data analytics and AI to drive tangible results, particularly in areas such as carbon emission management, agentic AI for financial services, and software management. Their strategy is focused on supporting companies that are at the forefront of vital industrial step-changes and can solve key problems for industries globally. They seek to invest in companies with proven track records and the potential for significant growth and global impact. CommerzVentures focuses on companies with a clear focus on addressing critical industry needs. For example, they invested in carbmee, an AI-powered carbon management software company, that enables businesses to manage, reduce, and report on their carbon emissions. This investment is in line with their belief that companies that address sustainability challenges and help businesses decarbonize their supply chains are key targets. Similarly, their investment in Unique, an AI platform for financial services, shows their interest in companies that can enhance efficiency across sectors like research, compliance, and KYC. Their approach involves leading funding rounds and actively participating in the growth of their portfolio companies. They offer strategic support and leverage their network to help companies expand into new markets, particularly the United States. The firm's managing partners express excitement in supporting their portfolio companies and driving innovation within the financial services industry and other sectors. CommerzVentures appears to be focused on being a value-add investor, leveraging their experience and resources to accelerate the growth of their portfolio companies. They aim to identify and support companies that can fundamentally transform industries, with a strong emphasis on sustainability, efficiency, and innovation. This holistic approach suggests they consider both the financial potential of their investments and the broader societal impact of the companies they support.
Coparion
Coparion invests in German technology startups with scalable, innovative solutions and measurable growth traction (e.g., revenue, key customers, product adoption). They prioritize hands-on support, long-term value creation, and co-investment with private investors. Focused on operational excellence, independence, and sector-agnostic (excluding EIB-excluded activities) investments up to €15M per company across multiple rounds.
Elevat3 Capital Ltd
Elevat3 Capital, the venture capital arm of Christian Angermayer's Apeiron Investment Group, focuses on companies where they can influence or control triggers to create value for all stakeholders. They believe every company has between one and three "triggers" that, if executed successfully, will immediately bring the company to the next valuation level. Elevat3 deploys an extreme value-add and hands-on approach, serving as entrepreneurial, reliable, and long-term partners to their portfolio companies. They manage more than US$250m+ in Assets Under Management, primarily investing in high-growth tech companies across Europe, while also selectively pursuing deals in other geographies. Across the broader Apeiron universe, the portfolio encompasses more than 100 high-growth tech companies in Europe, North America, and Asia. Elevat3 aims to lead venture deals in Europe, providing support and capital to companies undergoing radical change in their respective industries. They look for opportunities to lead or co-lead rounds, typically with ticket sizes ranging from US$5-20m. The firm's approach aligns with Apeiron Investment Group's broader focus on Life Sciences, FinTech & Crypto, and Future Tech, and Experiences, Hospitality & Happiness, leveraging the resources and expertise of the larger organization.
Enjoy Venture
EnjoyVenture GmbH is a German venture capital firm that invests in technology-driven startups with high growth potential. They focus on seed and growth financing, particularly for spin-offs from universities, research institutes, and corporations. They aim to identify companies with visionary teams, disruptive potential, and the ability to transform or create new markets. EnjoyVenture actively supports its portfolio companies with a hands-on approach, leveraging its extensive network and experience to help them overcome challenges and achieve success. The firm looks for opportunities where they can play an active role in shaping the future and discovering new trends. They connect innovative business models to the future, partnering with entrepreneurs to achieve significant growth. They provide capital, expertise, and access to a broad network of co-investors and industry stakeholders. Their investment strategy involves close collaboration with portfolio companies from the early stages, providing guidance and support throughout their journey. EnjoyVenture also focuses on creating synergy within its portfolio, facilitating collaboration between companies to enhance their overall performance. They seek companies with exceptional teams displaying courage, persistence, and resilience.
Floor13 GmbH
Floor13 GmbH is a privately-owned investment company based near Munich, Germany. Their strategy focuses on organically building a group of companies through investments in projects and companies that are typically below the radar of traditional private equity firms. They emphasize a sector-agnostic approach, indicating they're open to various industries. The firm provides not only funding but also actively supports companies from the prototype stage through market entry, development, and international expansion. They leverage the expertise of former entrepreneurs and executives within their network to provide guidance and support throughout these phases. Floor13's approach encompasses financial support and operational involvement, offering support customized for different growth stages. Their goal is to guide and scale companies through diverse challenges from initial setup to internationalization. They stress the ability to draw upon a deep and varied talent pool within their corporate structure and affiliated network to support portfolio companies. They operate under the philosophy that building a business is a creative endeavor. Floor13 seems to provide the resources to bring ideas to life, whether as a pure financial investor or an active partner with the management team, offering a broad range of expertise to assist firms across a variety of sectors and in diverse developmental stages.