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The Venture Codex

Venture Stars

Bayerstrasse 14, Munich, Bavaria, 80335, Germany

Overview

Venture capital firm investing in early-stage digital business models.

Founded

2011

Deals · 12mo

4

Links

WebsiteLinkedIn

Stage focus

Seed
Series A

Geographic focus

Germany

Sector focus

Finance
Financial Services
Internet
Venture Capital

Investment portfolio

16rounds
NAMEDATESIZE
Freshflow
Jun 2026Participated
$10 MSeries A
Synera
Apr 2026Participated
$41 MSeries B
blue activity
Mar 2026Led
$10 MSeed
VoiceLine
Feb 2026Participated
$12 MSeries A
Freshflow
May 2025Led
$8 MSeed
VoiceLine
Aug 2024Led
$3 MSeed
MARCLEY
Jul 2024Led
$4 MOther Equity
Finoa
Jan 2024Participated
$15 MOther Equity
Finanzguru
Apr 2023Participated
$14 MOther Equity
ELISE
Sep 2022Participated
$15 MSeries A
Holidu
May 2021Participated
$45 MSeries D
Finoa
Apr 2021Participated
$22 MSeries A
Freshflow
Jun 2026Participated
$10 MSeries A
Synera
Apr 2026Participated
$41 MSeries B
blue activity
Mar 2026Led
$10 MSeed
VoiceLine
Feb 2026Participated
$12 MSeries A
Freshflow
May 2025Led
$8 MSeed
VoiceLine
Aug 2024Led
$3 MSeed
MARCLEY
Jul 2024Led
$4 MOther Equity
Finoa
Jan 2024Participated
$15 MOther Equity
Finanzguru
Apr 2023Participated
$14 MOther Equity
ELISE
Sep 2022Participated
$15 MSeries A
Holidu
May 2021Participated
$45 MSeries D
Finoa
Apr 2021Participated
$22 MSeries A
16
Items
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Venture Stars: 16 funding rounds are recorded in the selected participation categories.All available history.
Venture Stars: 16 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed30
Series A05
Series B01
Series C+02
Other Equity14

Monthly Deal Activity

Venture Stars: 16 deals are recorded across 130 months.All available history.
Venture Stars: 16 deals are recorded across 130 months. All available history
MonthDeals
Jan '161
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '181
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '211
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '241
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '261
Apr '261
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Venture Stars: Networks, Cloud & Communication is the largest displayed sector by deal count (7 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Venture Stars: Networks, Cloud & Communication is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Networks, Cloud & Communication7
AI & Machine Learning7
Travel & Hospitality3
Transportation & Logistics3
Fintech3
Clean Energy & Sustainability2
Space & Frontier Tech2
Consumer & Lifestyle2
Marketing & Advertising2
Crypto & Blockchain2
Manufacturing2
Health & Life Sciences2
E-Commerce & Retail1
Real Estate & Construction1

Deal Size Distribution

Venture Stars: 16 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Venture Stars: 16 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M3
$10M-$25M8
$25M-$50M3
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Venture Stars: Europe has the largest recorded deal count among the displayed regions (15 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Venture Stars: Europe has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
Europe15
227611
Venture Stars: 20 co-investors are shown, with coparion sharing 5 recorded deals.All available history.

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.

Venture Stars: 20 co-investors are shown, with coparion sharing 5 recorded deals. All available history
Co-investorShared deals
coparion5
EQT Ventures3
Senovo3
Balderton Capital2
BMW i Ventures2
Caesar Ventures2
Capnamic Ventures2
Cherry Ventures2
Prime Ventures2
Reimann Investors2
Scalehouse Capital2
Signature Ventures2
Spark Capital2
UVC Partners2
World Fund2
83North1
Alstin Capital1
Angel Invest1
Blue Bay Ventures1
Capgemini1

Investment Strategy

Venture Stars: Led accounts for 25% and participating for 75% of round participation.All available history.
Venture Stars: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led425%
Participating1275%
Venture Stars: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Venture Stars: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led4100%

Team

Erik Pfannmöller

Venture Partner

Florian Calmbach

Founding Partner

Martin Junker

Founding Partner

Raphael Budday

Investment Manager

Stefan Pfannmoeller

Founder and CEO