Overview
Early-stage venture capital firm investing in technology-based startups.
Founded
2011
Deals · 12mo
16
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
Kuro | Sep 2026Led | $11 MSeed | |
Reverion | Sep 2026Participated | $175 MSeries B | |
Atira | Sep 2026Participated | $18 MSeed | |
INLEAP Photonics | Sep 2026Led | $23 MSeed | |
Mätch VC | Jul 2026Led | $14 MSeed | |
Kausable AI | Jul 2026Led | $14 MSeed | |
Proxima Fusion | Jul 2026Participated | $470 MSeries A | |
alqem | Jul 2026Led | $9 MSeed | |
FINN | Jun 2026Participated | $159 MSeries D | |
Isar Aerospace | Jun 2026Participated | $312 MSeries D | |
Reel Energy | May 2026Participated | $18 MSeries A | |
Cirql One | Apr 2026Led | $6 MSeed | |
Kuro | Sep 2026Led | $11 MSeed | |
Reverion | Sep 2026Participated | $175 MSeries B | |
Atira | Sep 2026Participated | $18 MSeed | |
INLEAP Photonics | Sep 2026Led | $23 MSeed | |
Mätch VC | Jul 2026Led | $14 MSeed | |
Kausable AI | Jul 2026Led | $14 MSeed | |
Proxima Fusion | Jul 2026Participated | $470 MSeries A | |
alqem | Jul 2026Led | $9 MSeed | |
FINN | Jun 2026Participated | $159 MSeries D | |
Isar Aerospace | Jun 2026Participated | $312 MSeries D | |
Reel Energy | May 2026Participated | $18 MSeries A | |
Cirql One | Apr 2026Led | $6 MSeed |
Insights
Time horizon
View by
Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 15 | 8 |
| Series A | 9 | 20 |
| Series B | 2 | 12 |
| Series C+ | 1 | 6 |
| Other Equity | 8 | 8 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Jan '17 | 1 |
| Feb '17 | 0 |
| Mar '17 | 0 |
| Apr '17 | 1 |
| May '17 | 0 |
| Jun '17 | 0 |
| Jul '17 | 0 |
| Aug '17 | 0 |
| Sep '17 | 0 |
| Oct '17 | 2 |
| Nov '17 | 1 |
| Dec '17 | 0 |
| Jan '18 | 0 |
| Feb '18 | 0 |
| Mar '18 | 1 |
| Apr '18 | 0 |
| May '18 | 0 |
| Jun '18 | 2 |
| Jul '18 | 0 |
| Aug '18 | 1 |
| Sep '18 | 1 |
| Oct '18 | 0 |
| Nov '18 | 0 |
| Dec '18 | 1 |
| Jan '19 | 0 |
| Feb '19 | 0 |
| Mar '19 | 1 |
| Apr '19 | 0 |
| May '19 | 1 |
| Jun '19 | 0 |
| Jul '19 | 0 |
| Aug '19 | 0 |
| Sep '19 | 1 |
| Oct '19 | 3 |
| Nov '19 | 0 |
| Dec '19 | 1 |
| Jan '20 | 2 |
| Feb '20 | 0 |
| Mar '20 | 2 |
| Apr '20 | 0 |
| May '20 | 0 |
| Jun '20 | 0 |
| Jul '20 | 0 |
| Aug '20 | 1 |
| Sep '20 | 1 |
| Oct '20 | 0 |
| Nov '20 | 0 |
| Dec '20 | 1 |
| Jan '21 | 0 |
| Feb '21 | 0 |
| Mar '21 | 0 |
| Apr '21 | 2 |
| May '21 | 0 |
| Jun '21 | 0 |
| Jul '21 | 2 |
| Aug '21 | 1 |
| Sep '21 | 1 |
| Oct '21 | 1 |
| Nov '21 | 0 |
| Dec '21 | 1 |
| Jan '22 | 1 |
| Feb '22 | 1 |
| Mar '22 | 1 |
| Apr '22 | 0 |
| May '22 | 2 |
| Jun '22 | 1 |
| Jul '22 | 2 |
| Aug '22 | 1 |
| Sep '22 | 2 |
| Oct '22 | 1 |
| Nov '22 | 0 |
| Dec '22 | 1 |
| Jan '23 | 0 |
| Feb '23 | 0 |
| Mar '23 | 2 |
| Apr '23 | 2 |
| May '23 | 0 |
| Jun '23 | 0 |
| Jul '23 | 2 |
| Aug '23 | 1 |
| Sep '23 | 1 |
| Oct '23 | 1 |
| Nov '23 | 1 |
| Dec '23 | 2 |
| Jan '24 | 2 |
| Feb '24 | 0 |
| Mar '24 | 1 |
| Apr '24 | 0 |
| May '24 | 0 |
| Jun '24 | 2 |
| Jul '24 | 1 |
| Aug '24 | 1 |
| Sep '24 | 3 |
| Oct '24 | 1 |
| Nov '24 | 1 |
| Dec '24 | 0 |
| Jan '25 | 0 |
| Feb '25 | 0 |
| Mar '25 | 0 |
| Apr '25 | 0 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 1 |
| Aug '25 | 2 |
| Sep '25 | 0 |
| Oct '25 | 0 |
| Nov '25 | 1 |
| Dec '25 | 0 |
| Jan '26 | 0 |
| Feb '26 | 1 |
| Mar '26 | 0 |
| Apr '26 | 3 |
| May '26 | 1 |
| Jun '26 | 2 |
| Jul '26 | 4 |
| Aug '26 | 0 |
| Sep '26 | 4 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Enterprise Software | 26 |
| Space & Frontier Tech | 25 |
| Manufacturing | 24 |
| AI & Machine Learning | 20 |
| Clean Energy & Sustainability | 19 |
| Transportation & Logistics | 15 |
| Hardware & Robotics | 15 |
| Data, Analytics & IT | 12 |
| Networks, Cloud & Communication | 11 |
| Professional Services | 9 |
| Health & Life Sciences | 8 |
| Fintech | 7 |
| E-Commerce & Retail | 5 |
| Real Estate & Construction | 5 |
| Consumer & Lifestyle | 5 |
| Cybersecurity & Privacy | 4 |
| Marketing & Advertising | 4 |
| AR/VR | 3 |
| Developer Tools | 2 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 14 |
| $5M-$10M | 22 |
| $10M-$25M | 30 |
| $25M-$50M | 8 |
| $50M-$100M | 7 |
| $100M-$250M | 5 |
| $250M-$500M | 3 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 3 of 3 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| Europe | 86 |
| 22761 | 2 |
| United States | 1 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| High-Tech Grunderfonds | 14 |
| btov Partners | 13 |
| Bayern Kapital | 12 |
| Cherry Ventures | 9 |
| HV Capital | 9 |
| Capnamic Ventures | 6 |
| Lakestar | 6 |
| BMW i Ventures | 5 |
| AM Ventures | 4 |
| Continental | 4 |
| coparion | 4 |
| Earlybird | 4 |
| Earlybird Venture Capital | 4 |
| Fluxunit | 4 |
| KfW | 4 |
| Picus Capital | 4 |
| Speedinvest | 4 |
| Tengelmann Ventures | 4 |
| Verve Ventures | 4 |
| Airbus Ventures | 3 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 35 | 39% |
| Participating | 54 | 61% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 18 | 51% |
| Co-led | 17 | 49% |
Team
Investment Manager
Business Management
Managing Director
Managing Partner
Investment Analyst
Managing Partner
Investment Manager
Director Partnerships & Value Creation