Participated · Series A · Jul 2026

QuantumDiamonds develops and plans to manufacture advanced measurement and test systems for the semiconductor industry using novel quantum sensors that enable high-resolution, three-dimensional inspection of modern chips. The company is building the first production site for these quantum-sensor-based systems in the EU, with an announced investment plan of €152 million. It secured a €76 million direct grant approved by the European Commission and expects additional public support from the German federal and Bavarian state governments. QuantumDiamonds has made operational commitments tied to the public support, including prioritizing orders during shortages, offering early access to parts of the facility to startups and academic labs, and sharing excess project-related profits with Germany. The project is positioned as contributing to European semiconductor supply security and to strengthening the EU value chain under the European Chips Act.

Participated · Series A · Jul 2026

smartbax pursues novel small-molecule antibiotics with a lead program that was in-licensed from AiCuris and targets an unexploited step in lipopolysaccharide (LPS) biosynthesis. The lead candidate has demonstrated in vivo efficacy, including against multidrug-resistant pathogens, and shows potential for oral administration; the company plans to complete preclinical work and submit an IND. In parallel, smartbax is developing proprietary programs that activate bacterial hydrolases to trigger bacterial self-digestion, targeting both Gram-positive and Gram-negative pathogens and showing efficacy against biofilms with no observed development of resistance so far. The company was founded in 2021 with scientific origins at the Technical University of Munich and benefitted from early support including €700,000 from BIVF and recognition tied to the m4 Award. Financially, smartbax has expanded its pre-Series A to €6.3 million to fund IND-enabling studies and pipeline development.

Participated · Seed · Jun 2026

encosa offers a complete batteries storage solution for mid-sized companies, handling selection, installation, commissioning and ongoing operation while combining hardware, financing options (purchase, rental or lease) and a proprietary AI-supported software platform. Its platform integrates behind-the-meter cost savings and front-of-the-meter market participation to optimize economic operation. Typical customers are energy-intensive industries such as chemical, glass and machinery, and encosa reports that solutions typically pay back within 18 months to five years. Customers receive immediate lower energy costs, additional revenue from feed-in, CO2 reductions and ESG reporting benefits. The company was founded in 2024 and is headquartered in Munich, and the team includes Sebastian Becker and Sascha Koberstaedt.

Participated · Seed · Mar 2026

Litherm Technologies GmbH has created a completely electricity-based calcination technology that eliminates combustion and the associated fossil-fuel CO₂ emissions in lime and cement production. The system employs a highly efficient fluidized-bed design, capturing the process-generated CO₂ in concentrated form for CCU or CCS pathways without additional energy input. Litherm has already built a pilot plant at a Fels-Werke GmbH site in Sachsen-Anhalt and plans to move toward commercial demonstration units. The newly raised capital will fund further industrialization, engineering, construction, and commissioning of these first commercial demo plants. Industrial players such as Graymont, SigmaRoc (via SkreenHouse Ventures), and Kalkfabrik Netstal AG are involved to accelerate scale-up and market entry. Climate-focused investors like Breakthrough Energy Foundation complement the industrial backers. The seed financing of more than €6.5 million provides the resources for Litherm to advance its technology to full industrial readiness.

Participated · Seed · Feb 2026

Sitegeist is a Munich-based construction-robotics startup creating modular automated robots that work directly on existing structures, eliminating the need for pre-existing 3D models or standardised site conditions. Equipped with advanced sensing, AI-driven decision support, and adaptive control, the robots precisely remove deteriorated concrete in unstructured environments such as bridges, tunnels, and parking facilities. By targeting labour-intensive, capacity-constrained renovation work, Sitegeist aims to alleviate Europe’s massive infrastructure repair backlog and reduce project costs and safety risks for contractors. The company collaborates closely with concrete-renovation firms to validate its technology on active job sites and is building a platform intended to span the broader renovation value chain over time. Proceeds from its latest funding will be used to expand the team, bring additional talent on board, and accelerate on-site deployments. Future plans include partnering with more test sites and co-development partners to further refine and scale its robotic systems.