Picus Capital
Leopoldstraße 20, Munich, Bavaria, 80802, Germany
Overview
Picus Capital is an early-stage technology investment firm with a long-term investment philosophy. We work together with daring technology companies to build successful, global companies challenging the status quo and shaping tomorrow. We want to become the closest partner of our portfolio companies by working together on key strategic decisions and operative challenges. As a privately financed venture capital investor with long-term and flexible capital we are looking for exceptional founders who are committed to building category leaders throughout the next 5-10+ years. We invest in early-stage technology ventures with a focus on financial services, HR, energy & climate, healthcare, logistics & mobility, real estate & construction, crypto & web3, deeptech and e-commerce. Picus makes initial investments in pre-seed, seed and series A ventures thereby starting to work together with entrepreneurs in various stages of their companies ranging from ideation phase to initial traction. We follow a very long-term investment approach investing significant amounts throughout the lifecycle of the companies. We have invested in over 50 companies to date. At Picus we work in a culture combining the discipline of a financial investor with the creativity and pragmatism of an entrepreneur. We follow a comprehensive and well-structured investment approach in order to identify the most attractive and ambitious investment opportunities in our target industries and geographies. Within our core investment team every member has a distinctive industry competence and a functional or geographic focus. We are working closely together with our portfolio companies to develop large and successful market leaders. This comprises in particular leveraging our marketing & sales expertise and our global market perspective to provide strategic advice, providing HR management to grant access to top talent, connecting our portfolio companies with our broad B2B & investor network as well as supporting the fundraising process.
- Total investments
- 168
- Lead investments
- 31
- Investments · 12mo
- 18
- Active investors
- 9
Sector focus
- Construction
- E-Commerce
- FinTech
- Health Care
- Human Resources
- Logistics
- Web3
Investment portfolio
- Axle Energy
Participated · Series A · Jul 2026
Founded in 2023, Axle Energy operates a platform that connects, aggregates and dispatches distributed energy assets—such as EV chargers, home batteries and heat pumps—into virtual power plants. The company handles the full value chain from asset connection and forecasting to market bidding, dispatch and payments. Axle currently coordinates more than 300,000 connected assets and manages over 2 GW of capacity. Through partner flexibility programmes, participating consumers earn around £10 per month on average, with participants collectively earning millions of pounds last year. Axle plans to use its recent funding to expand across the UK and into international markets and to deepen partnerships with OEMs, utilities and fleet operators. The company has raised prior rounds including a €1.5 million pre-seed in 2023 and an €8.3 million Seed in 2024.
- Fuchs & Eule
Participated · Equity · Jul 2026
Founded in 2021, Fuchs & Eule combines engineering and energy expertise with AI analysis to guide property owners through energy-efficiency retrofits. The company builds digital twins and delivers detailed building analyses that translate into specific, economically viable renovation measures and grant application support. It has completed 10,000 building analyses covering more than five million square metres and reports average annual CO2 savings of 21.6 tonnes per building. The business employs about 70 people and serves property owners, family offices and asset managers across office, finance, insurance, retail and healthcare sectors. Recently it shifted its focus from homeowners to professional landlords and institutional owners. The company plans to use the new funding to scale its AI, screening tools and personalised renovation advice.
- FINN
Participated · Series D · Jun 2026
FINN operates a multi-brand car subscription service that lets customers subscribe to vehicles fully online with insurance, registration, taxes, and servicing bundled into a single monthly fee and flexible cancellation. The platform features more than 25 brands including BMW, Mercedes-Benz, Hyundai, BYD, and MG. FINN has grown rapidly since its 2019 founding in Munich, reaching over 50,000 active subscriptions and annual recurring revenue of more than €300 million. Reported revenue rose from €3.2 million in 2022 to €444 million in 2024, representing a two-year compound annual growth rate of 1,078%. The company employs roughly 484 people as of 2025 and plans to expand its subscription fleet, improve profitability, and continue enhancing its technology. FINN faces competition from players like Sixt+, Onto, and Free2Move and acknowledges macroeconomic sensitivity given subscription pricing versus traditional leasing.
- Compri
Led · Seed · Jun 2026
Compri has developed an AI-native platform centered on a Procurement Intelligence module that embeds autonomous agents into procurement and supply chain workflows. The platform integrates tools for managing requests for proposals, end-to-end order and purchase confirmation automation, supplier onboarding and compliance, and approval workflows for purchase requisitions. Compri’s AI agents centralize data from ERPs, e-mail, Excel, PDF and external databases to handle follow-ups, documentation collection, compliance monitoring and order confirmation control. The company serves customers across sectors including automotive, energy, machinery, transportation, packaging, food & beverage and aerospace & defense. Compri operates in seven international markets. Financially, the company has raised a total of over €5M to date, including a €1.6M pre-seed and the recent €3.2M round.
- Tsuga
Participated · Series A · Jun 2026
Tsuga builds an observability platform that runs directly in customers' cloud accounts (AWS, Azure, Google Cloud and regional sovereign clouds) so telemetry data stays inside the customer's environment rather than being routed through a vendor. The company offers a single billing rate per gigabyte, claims to provide unsampled, end-to-end traces (including AI agent traces, prompt and token details, confidence scores, and agent call graphs), and assists customers in optimizing setups to reduce data usage. Founded in 2024 by Gabriel-James Safar and Sébastien Deprez (who previously sold Madumbo to Datadog), Tsuga exited stealth and within six months reported several million dollars in revenue and secured enterprise customers such as Le Monde, Camunda, Buk, and Black Forest Labs, with average contract values in the six figures. Tsuga's product targets cost and data-sovereignty challenges in modern AI-heavy workloads by keeping data inside clients' security perimeters. The company plans to use recent funding to expand its business and speed development of its AI agent observability capabilities.