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Top 50 Hardware VC Funds & Investors in Germany (July 2026)

The most active venture capital funds investing in Germany Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Germany Hardware startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
HTGF (High-Tech Gruenderfonds)
VC Fund
76 Germany, Switzerland, United States Seed, Series A Software, Biotechnology, Information Technology $1.1M–$33M
TGFS - Technologiegründerfonds Sachsen
VC Fund
34 Germany, United States Seed, Series A Software, Information Technology, Manufacturing $932k–$15M
Bayern Kapital
VC Fund
32 Germany, United States, Finland Seed, Series A Software, Health Care, Information Technology $1.1M–$32M
UVC Partners
VC Fund
20 Germany, Switzerland, Denmark Series A, Seed, Series B Software, Information Technology, SaaS $2M–$110M
KfW
VC Fund
17 Germany, India, United Kingdom Series A, Series B Biotechnology, Software, Health Care $2.2M–$17M
bmp Ventures
VC Fund
17 Germany, United States, Austria Seed, Series A Software, Information Technology, Manufacturing $30k–$5.9M
Earlybird Venture Capital
VC Fund
16 Germany, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $1.4M–$75M
EnBW New Ventures
VC Fund
15 Germany, Norway, Austria Series A, Seed, Series B Software, Artificial Intelligence, Power Grid $1.4M–$28M
NRW.BANK
VC Fund
15 Germany, United States, France Seed, Series A, Series B Information Technology, Software, Biotechnology $219k–$71M
Atlantic
VC Fund
15 Germany, Switzerland, United States Seed, Pre-Seed, Series A Software, Health Care, Information Technology $878k–$30M
coparion
VC Fund
13 Germany, Switzerland, United States Series A, Seed, Series B Software, SaaS, FinTech
BayBG Venture Capital
VC Fund
13 Germany, Italy, United States Series A, Series B Software, Information Technology, Health Care $428k–$21M
Vsquared Ventures
VC Fund
13 Germany, United States, Switzerland Seed, Series A Artificial Intelligence, Semiconductor, Manufacturing $4.2M–$66M
Capnamic
VC Fund
13 Germany, United States, Switzerland Seed, Series A, Series B Software, Information Technology, SaaS $1.8M–$30M
FTTF
VC Fund
13 Germany, Switzerland Pre-Seed, Seed, Series A Software, Artificial Intelligence, Manufacturing $274k–$44M
MIG Capital
VC Fund
12 Germany, France, Austria Series A, Series B Biotechnology, Health Care, Therapeutics $1.6M–$54M
Enjoyventure Management
VC Fund
11 Germany, Portugal, United States Seed, Series A, Pre-Seed Software, Information Technology, E-Commerce $159k–$7.7M
Target Partners
VC Fund
11 Germany, United States, Switzerland Series A, Series B, Series C Software, SaaS, Enterprise Software $1.2M–$20M
IBB Ventures
VC Fund
10 Germany, United States, United Kingdom Seed, Series A Software, Health Care, SaaS $1M–$10M
b2venture
VC Fund
10 Germany, Switzerland, United Kingdom Series A, Seed, Series B Software, Health Care, Information Technology $1.3M–$52M
IFB Innovationsstarter
VC Fund
10 Germany, United States Seed, Grant Software, SaaS, Artificial Intelligence $80k–$3M
HV Capital
VC Fund
10 Germany, United Kingdom, United States Series A, Seed, Series B E-Commerce, Software, Internet $1.6M–$80M
Brandenburg Kapital
VC Fund
10 Germany, United Kingdom Seed, Series A Software, Information Technology, Health Care $823k–$13M
Cherry Ventures
VC Fund
10 Germany, United Kingdom, United States Seed, Series A, Series B Software, Information Technology, Financial Services $2M–$110M
bm-t beteiligungsmanagement thuringen
VC Fund
10 Germany, United States Seed, Series A Software, Health Care, Information Technology $461k–$9.4M
BlueYard Capital
VC Fund
9 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Software, Biotechnology, Internet $200k–$47M
Picus Capital
VC Fund
9 Germany, United States, United Kingdom Seed, Series A, Pre-Seed Financial Services, Software, FinTech $500k–$33M
Robin Capital
VC Fund
8 Germany, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $1.1M–$19M
redalpine
VC Fund
8 Germany, Switzerland, United Kingdom Seed, Series A, Series B Biotechnology, Health Care, Software $1.6M–$60M
Global Founders Capital
VC Fund
8 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Financial Services, Software, FinTech $637k–$32M
First Momentum Ventures
VC Fund
8 Germany, Switzerland, United States Pre-Seed, Seed Software, Artificial Intelligence, Information Technology $878k–$12M
Future Energy Ventures
VC Fund
8 Germany, United States, Israel Seed, Series A Software, Energy, Information Technology $1.2M–$27M
eCAPITAL ENTREPRENEURIAL PARTNERS
VC Fund
8 Germany, United States, Italy Series A, Series B Information Technology, Software, Manufacturing $2.7M–$35M
Born2Grow
VC Fund
7 Germany, Finland, United States Seed, Series A, Series B Software, Medical, Health Care $1.1M–$6M
Verve Ventures
VC Fund
7 Switzerland, Germany, France Series A, Seed, Series B Health Care, Software, Biotechnology $1.4M–$45M
Balderton Capital
VC Fund
7 United Kingdom, United States, Germany Series A, Series B, Series C Software, Financial Services, Artificial Intelligence $5M–$150M
Antler
VC Fund
7 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $108k–$28M
Senovo
VC Fund
6 Germany, United States, Sweden Series A, Seed, Series B Software, SaaS, Information Technology $2M–$66M
L-Bank
VC Fund
6 Germany, Taiwan, Portugal Pre-Seed, Series A Information Technology, Software, Manufacturing $212k–$72M
Fluxunit - Osram Ventures
VC Fund
6 Germany, United States, United Kingdom Series A, Seed Software, 3D Technology, Manufacturing $2.9M–$31M
Crane Venture Partners
VC Fund
6 United Kingdom, United States, Germany Seed, Series A Software, Information Technology, Artificial Intelligence $2.7M–$39M
Matterwave Ventures
VC Fund
6 Germany, Austria, France Seed, Series A Software, Information Technology, Artificial Intelligence $2M–$16M
APEX Ventures
VC Fund
6 Germany, United Kingdom, Austria Seed, Series A, Pre-Seed Artificial Intelligence, Software, Health Care $511k–$21M
La Famiglia
VC Fund
6 Germany, United States, France Seed, Series A, Series B Software, Information Technology, Artificial Intelligence $2.2M–$95M
LBBW VC
VC Fund
6 Germany, United Kingdom, Switzerland Series A, Seed, Series B Software, Biotechnology, Health Care
TEV Ventures
VC Fund
6 Germany, Australia, United States Series A, Seed E-Commerce, Internet, Fashion $549k–$20M
Futury Capital
VC Fund
6 Germany, United States, France Seed, Series A Software, Information Technology, SaaS $1.9M–$46M
Lakestar
VC Fund
6 Germany, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, FinTech $2.2M–$91M
Merantix Capital
VC Fund
6 Germany, Switzerland, United Kingdom Pre-Seed, Seed, Series A Artificial Intelligence, Machine Learning, Software $1.1M–$19M
AM Ventures
VC Fund
6 Germany, United States, Switzerland Seed, Series A 3D Printing, Manufacturing, Software $412k–$12M
Access all 1402 VC funds in Germany Hardware startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

HTGF (High-Tech Gruenderfonds)
VC Fund · Bonn, Nordrhein-Westfalen, Germany · 76 investments in Germany Hardware startups

High-Tech Grunderfonds finances startups with growth potential. Its team of investment managers supports young companies with expertise, entrepreneurial spirit, and passion. The company focuses in the fields of digital tech, industrial tech, life sciences, chemistry, and related business areas. It also focuses on financial services in varioussectors.

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Seed, Series A
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 587
  • Round size: Seed $1.1M–$7.3M; Series A $3.5M–$33M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $522M in 2022

Portfolio highlights

  • Selfapy — Selfapy offers a therapy support tool that helps recognize negative patterns of thought and train new behavior. Selfapy is your guided, self-help online course against depression with a personal psychologist as a companion.
  • Verovaccines — VEROVACCiNES discovers and develops innovative vaccine solutions, to protect animals against infectious diseases. Key is a novel, broadly applicable, yeast-based technology to generate subunit marker vaccines. This technology has been validated by demonstrating protection of several target animal species against different viral diseases(proof-of-concept).VEROVACCiNES GmbH is a spin-off company of the Martin Luther University Halle-Wittenberg, Germany in 2017. The company exclusively took over IP, brand, team, products and know-how from the former BMBF GO-Bio-funded VEROVACCiNES project at Halle University. VEROVACCiNES GmbH is eligible for follow-up phase 2 funding from the same BMBF GO-Bio program. They cooperate closely with veterinary pharmaceutical companies, universities and research institutes, and they are eager to initiate new collaborations.
  • OMEICOS Therapeutics — OMEICOS Therapeutics is developing a novel, first-in-class, small molecule utilizing a new Mode of Action. OMEICOS' novel therapeutic strategy is based upon the discovery of natural metabolites of omega-3 fatty acids that mediate a strong anti-arrhythmic effect. In contrast to all other anti-arrhythmic drugs, OMEICOS' substances activatean endogenous cardio-protective signaling pathway that not only stabilizes the heart rhythm but shall provide curative effects to the diseased organ by preventing its electrical and structural remodeling.
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TGFS - Technologiegründerfonds Sachsen
VC Fund · Leipzig, Sachsen, Germany · 34 investments in Germany Hardware startups

TGFS - Technologiegruenderfonds Sachsen is an early stage VC fund targeting high tech startups with strong growth potential. The fund invests into ventures located in Saxony/Germany, Europe's leading semiconductor cluster. The team has invested into more than 120 companies so far, including more than 40 investments from the currentfund.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Seed, Series A
  • Geography: Germany, United States

Investor stats

  • Total investments: 154
  • Round size: Seed $932k–$6M; Series A $1.9M–$15M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Cyber Insight — Cyber Insight - Measure, Manage, Mitigate Cyber Risks
  • Fusion Bionic — Fusion Bionic is a solution provider for laser-based surface functionalization
  • HandsOn Robotics
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Bayern Kapital
VC Fund · Landshut, Bayern, Germany · 32 investments in Germany Hardware startups

Bayern Kapital (founded at the end of 1995) is a wholly owned subsidiary of the LfA Foerderbank Bayern (Bavaria‘s development bank). Bayern Kapital’s objective is to finance research and development as well as the market launch of new products, product diversifications, and expansion of the market share.The requesting company has to be located inBavaria. Industries are e. g. IT/software, life sciences, new materials, micro-systems and environmental technologies.Bayern Kapital and its funds have invested in more than 250 companies and currently manages funds to the value of EUR 340 m. The five investing funds currently managed by Bayern Kapital are Seedfonds Bayern, Clusterfonds Start-Up!, Innovationsfonds, Innovationsfonds EFRE and Wachstumsfonds Bayern.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A
  • Geography: Germany, United States, Finland

Investor stats

  • Total investments: 245
  • Round size: Seed $1.1M–$5.9M; Series A $3.9M–$32M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $26M in 2010

Portfolio highlights

  • iATROS — As the population ages, the number of cardiovascular patients is steadily increasing. Every fourth German suffers from widespread diseases such as high blood pressure, atrial fibrillation, heart failure or coronary heart disease. We want to sustainably improve the lives of chronic and acute cardiovascular patients and contribute to reducing thetotal costs of over 60 billion euros annually.Our holistic approach allows healthcare providers to utilize the full power of smart health trackers in patient care. Combining the permanently gathered vital data with advanced AI analytics and medical expertise substantially increases the treatment outcomes and thereby saves lifes. We believe every patient deserves the convenience to have 24/7 doctor access and feel safe.
  • Delicious Data — Delicious Data offer a demand forecast engine to solve the problem of planning uncertainty in the food service and catering industry. Delicious Data machine learning solution enables kitchen chefs to optimize purchase and production planning saving valuable resources and reducing costs.
  • Samdock — SaaS sales solution for SMBs in Europe. CRM is too expensive. Too tedious. Too slow. Too rigid. Too complicated. Too boring. This is what we hear every day. Thats why we built Samdock. Our passion is to help SMBs grow and make sure that Sales can be simple and fun! Our aim is to be the leading AI driven sales automation for SMBs
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UVC Partners
VC Fund · Munich, Bayern, Germany · 20 investments in Germany Hardware startups

UVC Partners is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of enterprise software, industrial technologies, and mobility. The fund typically invests between € 0.5 - 10m initially and up to € 20m in total per company.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Seed, Series B
  • Geography: Germany, Switzerland, Denmark

Investor stats

  • Total investments: 140
  • Round size: Seed $2M–$10M; Series A $5.5M–$32M; Series B $5.5M–$110M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $57M in 2021

Portfolio highlights

  • Wire — Always-on end-to-end encrypted instant messaging, voice- and videoconferencing with up to 100 participants - future proof with MLS integration
  • Capmo — Digital bauen mit Capmo: Mit unserer Baumanagement Software haben Sie Ihre Bauprozesse im Griff. Jetzt 14 Tage und ohne Risiko testen!
  • Radical Dot — Radical Dot technology aims to convert them into critical chemical building blocks via an innovative, ecological, and cost-effective chemical procedure.
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KfW
VC Fund · Frankfurt, Hessen, Germany · 17 investments in Germany Hardware startups, 7 in the past 12 months

KfW gives impetus to economic, social and ecological development worldwide. As a promotional bank under the ownership of the Federal Republic and the Länder (federal states), it offers support to encourage sustainable improvement in economic, social, ecological living and business conditions, among others in the areas of small and medium-sizedenterprise, entrepreneurialship, environmental protection, housing, infrastructure, education finance, project and export finance, and development cooperation.

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Series A, Series B
  • Geography: Germany, India, United Kingdom

Investor stats

  • Total investments: 158
  • Round size: Series A $2.2M–$7.7M; Series B $3.3M–$17M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Andercore — Andercore connects global suppliers and local buyers on one AI-driven platform, automating inventory selection, pricing, quotes, financing and global distribution at scale.
  • AtlasEdge — AtlasEdge is an edge data center business with a mission to create the leading-edge platform, delivering seamless, localized and ultra-low latency digital infrastructure to customers. They provide a wide range of direct connectivity options to enable connectivity within their datacenters. All cabling is installed and managed by AtlasEdge and itsengineering team to ensure speed of installation and guaranteed quality and management.
  • Quantum Systems — Our vision is to become the global leader in providing aerial data for decision making by the use of our drones.
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bmp Ventures
VC Fund · Berlin, Berlin, Germany · 17 investments in Germany Hardware startups, 8 in the past 12 months

bmp Ventures is an innovative Venture Capital Company from Berlin. Since 1997 we’ve been investing Smart Money in Early Stage and Growth Startups. We finance ingenious business models with outstanding teams, who build fast-growing and sustainably profitable enterprises.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Seed, Series A
  • Geography: Germany, United States, Austria

Investor stats

  • Total investments: 120
  • Round size: Seed $165k–$3.4M; Series A $30k–$5.9M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Sedivention — Fight obesity within 20 minutes - fast, effective, long-term. A new weight-loss therapy for the treatment of obesity. Just a view minutes will change your life.
  • Solar Materials — SOLAR MATERIALS developed a recycling technology for solar modules, which recovers all raw materials for a circular solar industry.
  • Litherm Technologies — Litherm Technologies GmbH is a German deep‑tech startup focused on decarbonizing lime and cement production using fully electric kiln technology.
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Earlybird Venture Capital
VC Fund · Berlin, Berlin, Germany · 16 investments in Germany Hardware startups

Founded in 1997, Earlybird is a pan-European VC investor backing tech-enabled companies and investing in their growth and development. Funds include Earlybird, Earlybird Health, Growth Opportunities.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 347
  • Round size: Seed $1.4M–$14M; Series A $4.4M–$35M; Series B $6M–$75M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $190M in 2024

Portfolio highlights

  • Curio — Be one of the first to access Rio, the leading AI for fact-checked news. Free for early users.
  • Certivity — Certivity offers software to model digital regulatory twins of their products. This will ensure that current regulatory requirements are integrated in the right place in the engineering process. Product compliance will be smarter, safer, more transparent, more efficient, and significantly cheaper.
  • Brightpick — Brightpick offers AI robots for warehouses to easily automate every step of their order fulfillment. The innovative Brightpick robots enable warehouses of any size to fully automate order picking, consolidation and dispatch, as well as stock replenishment. Brightpick Autopicker, the company’s award-winning flagship robot, is the only mobile robotin the world that robotically picks and consolidates orders directly in warehouse aisles. The Brightpick solution takes just weeks to deploy and allows companies to reduce their fulfillment labor to a minimum. Headquartered near Cincinnati, OH, Brightpick has more than 200 employees and hundreds of AI robots deployed across the US and Europe.
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EnBW New Ventures
VC Fund · Karlsruhe, Baden-Wurttemberg, Germany · 15 investments in Germany Hardware startups

We support entrepreneurs to develop new solutions for a sustainable future - people, planet, profit - by leveraging our financially driven VC setup with the reach and skills of our corporate investor EnBW.

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Investment focus

  • Industry: Software, Artificial Intelligence, Power Grid
  • Stage:Series A, Seed, Series B
  • Geography: Germany, Norway, Austria

Investor stats

  • Total investments: 45
  • Round size: Seed $1.4M–$11M; Series A $4.2M–$12M; Series B $5.5M–$28M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — raised $106M in 2018

Portfolio highlights

  • Spoor — Spoor's software uses advanced computer vision and AI to detect, track, and classify birds at wind farms
  • enspired — Revolutionize battery storage with AI-powered BESS optimization. Our energy trading platform ensures smart, real-time market access. Contact us today!
  • Elephant — Elephant in an AI-powered platform for frontline and blue-collar workers. It specializes in training and communication tools for decentralized, frontline workforces in sectors like manufacturing and logistics. Its core AI Coursebuilder converts technical documentation into gamified, mobile-friendly microlearning modules.
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NRW.BANK
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 15 investments in Germany Hardware startups

NRW.BANK is the development bank for the state of North Rhine-Westphalia. It supports its owner – the state of North Rhine-Westphalia – in fulfilling its tasks, notably in the fields of structural, economic, social and housing policy. NRW.BANK pools the promotion and development programmes of the state of North Rhine-Westphalia, the FederalRepublic of Germany and the European Union and combines them with its own equity and debt products and advisory services. It offers the full range of financial products in three areas “Economy”, “Housing”, and “Infrastructure/Municipalities”. NRW.BANK operates in a competitively neutral manner as a partner of banks and savings banks.

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Investment focus

  • Industry: Information Technology, Software, Biotechnology
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 131
  • Round size: Seed $219k–$7.7M; Series A $3.8M–$33M; Series B $3.8M–$71M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • ENTRYZERO — ENTRYZERO is a cybersecurity startup that develops an AI-powered software platform specializing in Threat Exposure Management,the company helps organizations continuously monitor their digital attack surface from a hacker’s perspective to identify and mitigatevulnerabilities automatically.
  • OMMM — OMMM Operations Management Solutions is a software house that specializes in the digitization and automation of industrial planning.
  • Emergence Therapeutics — Emergence Therapeutics is a European biopharmaceutical company developing novel antibody-drug conjugates (ADC) to treat high-need cancers. Its lead program combines a highly specific antibody with optimized linker and payload technology to target Nectin-4 – an important target for a broad range of cancers which has been clinically validated as anADC target by enfortumab vedotin, now approved for the treatment of urothelial cancers by the US Food and Drug Administration. Emergence is also actively exploring opportunities to develop further first- or best-in-class ADCs driven by therapeutic need.
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Atlantic
VC Fund · Berlin, Berlin, Germany · 15 investments in Germany Hardware startups

Atlantic Labs supports and invests in mission-driven founders working on transformative technology ventures.&nbsp;<br><br>We partner with founders early, providing the capital, tools and network necessary to growing their companies and accompanying them on their entrepreneurial journey. We are currently active in areas including Digital Health, Future of Work, Machine Learning, Decentralized Networks, Mobility and Industrial Applications.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 212
  • Round size: Seed $1.3M–$9.3M; Pre-Seed $878k–$5.3M; Series A $5.3M–$30M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Vyoma GmbH — Vyoma ensures satellite safety and real-time mapping of space objects with cameras on satellites paired with automation services.
  • bonify — Bonify, a Berlin based FinTech-Start-up, enables customers to benefit from their credit scoring and financial data. The company gives customers free and easy access to their credit score and let them upload additional relevant data. Then, it offers tools and personalized recommendations to help optimize the customer’s financial situation.Foundedin 2015 by key executives of McKinsey and Zalando, bonify has received significant funding from internationally leading VCs and successful entrepreneurs.
  • Again — SecondCircle makes carbon negative chemicals for a cleaner future. We are the first carbon negative chemical manufacturer that can scale to meet global demand. The best thing about it: we use carbon dioxide as a feedstock.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
coparion
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 13 investments in Germany Hardware startups, 6 in the past 12 months

Coparion provides venture capital to accelerate momentum and growth. With a currently active fund of EUR 275 million, Coparion has the means to do so.Coparion supports entrepreneurial vision with know-how, but without intervening in daily business operations. Thanks to in-depth experience in venture capital and in building companies, the Coparionteam discerns potential and opens up new perspectives. Coparion has the substance, tenacity, and creativity required to mutually manage difficult situations successfully.Coparion only invests with co-investors. The fund invests up to EUR 15M per company, usually in several financing rounds of EUR 0.5-8M each. The investment focus is on German companies in the start-up and early growth phases. Coparion is based in Cologne and Berlin.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 97
  • Lead/follow: no public data

Portfolio highlights

  • Finoa — Finoa is the leading European crypto-asset management platform, empowering businesses and institutions to engage with crypto safely and intuitively.
  • Protembis — ProtEmbo is designed to be a simple and reliable solution for one of the most feared complications during TAVR.The advent of transcatheter treatments for valvular heart disease has been a major revolution in the care of patients with disabilities or intercurrent illnesses that precluded undergoing stressful open cardiac surgical procedures.Nonetheless, in spite of ongoing improvements in TAVR procedures and outcomes, the occurrence of cerebrovascular events represents a significant morbidity of TAVR.Protembis was founded based on the vision to reduce the risk of cerebrovascular events, thereby improving outcomes and making TAVR even safer – especially in light of TAVR shifting to younger and lower-risk patients. The ProtEmbo System is an adjunctive device used during TAVR and removed following completion of valve implantation. The ProtEmbo is an intra-aortic filter device that is designed to deflect embolic material arising during TAVR away from the cerebral circulation.
  • Tubulis — Reimagining Antibody Drug Conjugates Tubulis generates uniquely matched protein-drug conjugates through the combination of novel proprietary technologies and disease-specific biologic insight. Our goal is to expand the therapeutic potential of antibody-drug conjugates (ADCs) by increasing design flexibility while overcoming constraints of toxicity, efficacy and indication. Tubulis will build new conjugates to fill its pipeline and
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BayBG Venture Capital
VC Fund · München, Bayern, Germany · 13 investments in Germany Hardware startups

Innovative post-revenue startups with first customers trust us as highly reliable investors. We have been an active player in the venture capital market for over 25 years. Due to our evergreen approach, we offer institutional venture capital without the limitations of the usual fund structure. Predominantly we invest straight equity. Additionally,we can offer venture debt to mature startups close to break-even in order to avoid further dilution for founders. Being a private investment company we act as both lead investor or co-investor. We can also fulfill the private lead investor role for public investors like Bayern Kapital. Together we are increasing YOUR company's value.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Series A, Series B
  • Geography: Germany, Italy, United States

Investor stats

  • Total investments: 117
  • Round size: Series A $428k–$6.6M; Series B $732k–$21M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • socialhub — Boost your social media success with SocialHub. Manage channels, schedule posts & get meaningful analytics. Try it out now!
  • TalentRocket — Talent Rocket is a job search engine that enables its users to find jobs with a suitable work environment for them. Job seekers can select their preferred company culture, follow their favorite companies, and start career conversations with employers. Talent Rocket was founded in 2014 and is based in London, United Kingdom.
  • Goodly Innovations — Goodly Innovations is the leading regulated industry-focused global Pharma 4.0 provider for extended reality shop floor guidance. From cleanrooms to secondary packaging areas, labs and more, Goodly can help improve Pharma and BioPharma clients efficiency, OEE, quality, training and more
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Vsquared Ventures
VC Fund · Munich, Bayern, Germany · 13 investments in Germany Hardware startups

Vsquared Ventures invests in early-stage deep-tech companies that are tackling society's most pressing challenges, with a focus on quantum and novel computing, green energy, robotics, AI/ML, new space, synthetic biology, and healthcare. It is committed to a partnership and will go to any length to help accelerate and scale vision,unlocking all seemingly impossible possibilities.

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Investment focus

  • Industry: Artificial Intelligence, Semiconductor, Manufacturing
  • Stage:Seed, Series A
  • Geography: Germany, United States, Switzerland

Investor stats

  • Total investments: 72
  • Round size: Seed $4.2M–$13M; Series A $15M–$66M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • AlphaLum — Holographic-optic combiners and ultra-low-power interferometric laser sensors enabling all-day wearable AR and intelligent systems at scale.
  • constellr — Smart Farming and Climate Monitoring from Space. At constellr, we are using cutting-edge beyond-visual imaging technology to revolutionise the way we assess crucial aspects of our planet's health.
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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Capnamic
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 13 investments in Germany Hardware startups

Capnamic is a Venture Capital firm supporting ambitious founders in the German-speaking regions. Our focus is on the early stages, from (Pre-)Seed to Series A.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, Switzerland

Investor stats

  • Total investments: 145
  • Round size: Seed $1.8M–$8.6M; Series A $3.1M–$25M; Series B $5.3M–$30M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $216M in 2022

Portfolio highlights

  • yasp — yasp mission is to transform complex AI capabilities into practical, effective tools that empower businesses in the evolving digital landscape.
  • Freshflow — Freshflow is harnessing AI to build the food supply chain technology of the future and tackle global food waste.
  • Omegga GmbH — Omegga is developing a non-invasive, purely optical, Al-powered method for in-ovo sex detection of chicken embryos at an early stage.
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FTTF
VC Fund · Munich, Bayern, Germany · 13 investments in Germany Hardware startups

Deep Tech Start-Ups without a proven use case have hard times raising capital in early stages. We help to overcome this financing gap.

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Investment focus

  • Industry: Software, Artificial Intelligence, Manufacturing
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Germany, Switzerland

Investor stats

  • Total investments: 52
  • Round size: Seed $1.3M–$11M; Pre-Seed $274k–$4.4M; Series A $5.4M–$44M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Sovity — sovity enables data sharing and data driven business models with a holistic Software-as-a-Service based on International Data Spaces (IDS).
  • constellr — Smart Farming and Climate Monitoring from Space. At constellr, we are using cutting-edge beyond-visual imaging technology to revolutionise the way we assess crucial aspects of our planet's health.
  • SmartCloudFarming — Monitoring soils and measuring carbon stored in soils is complex, costly, and time-consuming. We are simplifying this using remote sensing and digital 3D soil maps that make carbon quantification and soil monitoring effortless, fast, and cheap.>> Remote sensing allows us to reduce the number of soil sensors required by over 70%. It allowsfor remote soil monitoring from anywhere, in poor weather, and speeds things up.>> Integration of our digital 3D soil maps in smart farming machinery makes precision irrigation and fertilisation truly possible, while reducing resource consumption and toxic farm emissions.*** We make soil monitoring easy, affordable, and acceptable. And farming profitable, sustainable and resilient.***
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MIG Capital
VC Fund · München, Bayern, Germany · 12 investments in Germany Hardware startups

MIG Capital is one of the leading German VC Investors. We invest in European Deep Tech and Life Sciences from early to late stage (Seed, Series A, and beyond). We use investments to shape a better tomorrow, today. Our team currently manages 17 MIG public venture capital funds regulated by BaFin, the German financial markets authority. These fundsoperate with more than EUR 1.2 billion capital committed by >60,000 private investors across Germany and Austria.Today, our portfolio consists of 30 companies.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B
  • Geography: Germany, France, Austria

Investor stats

  • Total investments: 96
  • Round size: Series A $2.2M–$40M; Series B $1.6M–$54M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — raised $70M in 2014

Portfolio highlights

  • NcodiN — The High Performance Computing (HPC) and ArtificiaI Intelligence (AI) era requires unprecedented computing capabilities. With this in view, industry is heading towards zettascale supercomputers, based on >100k processing units. Chiplets-based disaggregated processors and memory-centric computing architectures are taking over and require an ever more intensive communication between dies. Thus, today interconnect bottleneck is the main
  • GlassPoint Solar — GlassPoint provides solar steam generators to the oil and gas industry for applications such as Enhanced Oil Recovery. It replaces gas-fired steam generation with solar, GlassPoint can reduce EOR gas consumption by up to 80 percent. The company was founded in 2008 and headquartered in Fremont, California.
  • Zadient Technologies — Zadient produces semiconductor manufacturing materials that are critical for the entire silicon carbide (SiC) value chain
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Enjoyventure Management
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 11 investments in Germany Hardware startups

The EnjoyVenture Management is a private equity company that focuses its investments on the seed and early-stage companies.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, Portugal, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $1.1M–$5.1M; Pre-Seed $159k–$1.9M; Series A $1.1M–$7.7M
  • Lead/follow: 51% lead, 49% follow

Portfolio highlights

  • nuuEnergy — nuuEnergy is a tech-enabled solution aiming to revolutionize the heat pump installation industry. By leveraging technology and industry expertise, we streamline the purchasing and installation process. Our unique approach, refinanced through innovative strategies, promotes a self-reliant and carbon-neutral lifestyle for all our customers.
  • ValueDesk — Wir machen Kostenoptimierung zu Ihrem Kernprozess.
  • Kynda — Keen 4 Greens offers a wide range of vegan products. Founded in 2019, Keen 4 Greens is based in Hamburg, Germany.
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Target Partners
VC Fund · Munich, Bayern, Germany · 11 investments in Germany Hardware startups

Target Partners is a German venture capital firm that invests in early-stage technology companies. With 300 million Euro under management, Target Partners is one of the leading venture capital investors in Germany.The partners of Target Partners have years of collective experience as successful managers, entrepreneurs and venture capitalinvestors in Europe and the USA. They founded or led companies their selves, developed or sold technology products their selves. They have seen numerous companies through to IPO and beyond. They understand the challenges an entrepreneur faces and that the road to success often isn't simple and straight.Both in Europe and the USA Target Partners has a large network in industry and venture capital. They open doors for you to customers, business partners, experienced managers and financial markets. They support you in business development, in international expansion, in closing OEM or distribution contracts, and in acquisition decisions. In addition, several dozen European and US entrepreneurs and top managers, as well as a number of US venture capitalists, have personally invested in their funds and thus have a particularly strong interest in your company's success.

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Investment focus

  • Industry: Software, SaaS, Enterprise Software
  • Stage:Series A, Series B, Series C
  • Geography: Germany, United States, Switzerland

Investor stats

  • Total investments: 104
  • Round size: Series A $1.2M–$7.8M; Series B $2.4M–$20M; Series C $3.1M–$12M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $80M in 2014

Portfolio highlights

  • tado° — Tado° is The Heating App for private homes and small businesses. It adjusts to the residents' behavior in real time and also takes current weather forecasts and building characteristics into account. tado° GmbH is a Munich based Tech Startup bringing Internet of Things into the Cleantech Market. It was founded by Christian Deilmann, JohannesSchwarz, Valentin Sawadski and Leopold von Bismarck in 2011. A team of qualified young professionals has been working on the development of tado° for approximately two years in Munich.
  • NavVis — NavVis next-generation technology for the built environment enables accurate mobile mapping of indoor spaces and enterprise-ready digital twin solutions.
  • Dedrone — Dedrone is the global leader in anti-drone / counter-drone solutions with the most customers in more countries
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IBB Ventures
VC Fund · Berlin, Berlin, Germany · 10 investments in Germany Hardware startups

Pre-Seed to Series A for Berlin-based founders. Where 30 years of expertise, capital and execution power meet.

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Investment focus

  • Industry: Software, Health Care, SaaS
  • Stage:Seed, Series A
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 226
  • Round size: Seed $1M–$5.5M; Series A $2.2M–$10M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $33M in 2022

Portfolio highlights

  • dentolo — dentolo operates a dental insurance and ecosystem centered around customer needs.With its insurance solution, the company covers 100% in dental, instantly, with best value-for-money, market-leading customer satisfaction and an unmatched modern retail experience within its ecosystem. It addresses consumer demand with dental professionals in 25+regions, reaching 40m+ people nationwide. The company owns proprietary and scalable acquisition channels with the #1 dental guide in DACH and a deeply integrated ecosystem. It relentlessly focuses on customer experience and products that solve real-world pains to make dental care more transparent, affordable, and human.
  • Famedly — Der Messenger der Gesundheitsbranche, der auch medizinische Arbeitsprozesse abbildet.
  • dsb Deutsche Sanierungsberatung — dsb Deutsche Sanierungsberatung provides easy and sustainable solutions for climate-friendly homes energy-efficient renovations for homeowners.
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b2venture
VC Fund · Saint Gallen, Sankt Gallen, Switzerland · 10 investments in Germany Hardware startups

B2venture is a venture capital firm focused on early-stage investments in digital and industrial technology companies. B2venture invests EUR 100m+ per year in high-growth companies with ticket sizes from EUR 0.25m to 3.5m.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Germany, Switzerland, United Kingdom

Investor stats

  • Total investments: 235
  • Round size: Seed $1.3M–$9M; Series A $4M–$22M; Series B $8M–$52M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $135M in 2021

Portfolio highlights

  • Kiin Bio — Drug discovery is a system problem, where every inefficiency amplifies the next. We have the solution.
  • Kubermatic — Easily manage multiple Kubernetes clusters with the automation power of the Kubermatic platform. Scale your business with reliability.
  • Calvin Risk — We help companies manage the risks of their AI algorithms!
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IFB Innovationsstarter
VC Fund · Hamburg, Hamburg, Germany · 10 investments in Germany Hardware startups

The IFB Innovationsstarter is an innovation funding and investment company of the City of Hamburg providing grants and investments.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Grant
  • Geography: Germany, United States

Investor stats

  • Total investments: 87
  • Round size: Seed $365k–$3M; Grant $80k–$165k
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • mo:re GmbH — We offer standardized tissue cultures and protocols to better predict drug responses and investigate disease models.
  • Atrya — Atrya develops regulatory-compliant blockchain payments for international companies.
  • DEALCIRCLE — DealCircle is a digital M&A solution and partner of hundreds of M&A advisors. We support in identifying buyers and addressing the market. This provides investors access to a comprehensive deal flow of relevant projects.
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HV Capital
VC Fund · Munich, Bayern, Germany · 10 investments in Germany Hardware startups

We support exceptional founders in building market leading digital companies.

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Investment focus

  • Industry: E-Commerce, Software, Internet
  • Stage:Series A, Seed, Series B
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 449
  • Round size: Seed $1.6M–$12M; Series A $3.3M–$33M; Series B $7.5M–$80M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $834M in 2023

Portfolio highlights

  • Exein — The firmware security software and middleware can be injected like a vaccine in the hardware and aims to defend it from inside, working directly into the firmware at a lower level.
  • FINN — At finn our mission is to make mobility fun and sustainable: We help everyone who loves driving their own car but refuses the struggle, commitment and intransparent costs associated with car ownership. We achieve this by offering all-inclusive, immediately available, monthly car-subscriptions. Best thing, yet: While you drive we plant trees asevery journey is CO2 compensated.
  • Isar Aerospace — Isar Aerospace develops and operates launch services for small and medium-sized satellites, supporting both dedicated and rideshare missions to orbit. Its core offering is the Spectrum launch vehicle, a two-stage rocket designed to deploy satellites and satellite constellations into low Earth orbit with flexible launch configurations. The companydesigns and manufactures its launch technology in-house, using automated production processes and a vertically integrated approach to vehicle development. In addition to launch services, Isar Aerospace works with commercial, institutional, and space industry customers seeking access to orbital transportation for satellite missions. The company focuses on expanding launch capacity and supporting the growing demand for satellite deployment and space-based infrastructure.
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Brandenburg Kapital
VC Fund · Potsdam, Brandenburg, Germany · 10 investments in Germany Hardware startups

With a track record of over 20 years in venture capital and experience from more than 200 investments in numerous companies BFB Brandenburg Kapital GmbH (BFB) is the most active equity investor in Brandenburg. BFB invests in fast-growing technology-orientated companies throughout the whole life-cycle. Target sectors are ICT/Digital Economy,Life Science, MedTech, Proptech, Industrial Applications. BFB invests in companies based in or with facilities in Brandenburg. The current VC fund is financed by the European Regional Development Fund (ERDF) an Investitionsbank des Landes Brandenburg (ILB).

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Germany, United Kingdom

Investor stats

  • Total investments: 74
  • Round size: Seed $823k–$6.1M; Series A $2.7M–$13M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Kupando — Kupando is a biopharmaceutical company that develops agonists to stimulates innate immunity.
  • k2-mobility — Operators of heavy vehicle fleets are facing one of the most significant transformational challenges by switching to electric vehicles. The additional time for battery charging, the limited vehicle range as well as diligent planning of energy consumption need to be dynamically integrated and accounted for in their daily operations. K2Mobility's software PANION has a real-time connection to the transport and tour plans, to the vehicles, the chargers and the grid and is planning and optimizing charging for operational excellence, energy cost and Total Cost of Ownership.
  • Captain T Cell — Captain T Cell is a start-up project that develops T cell-based immunotherapies for cancer patients. The company identifies novel high-efficiency TCRs for the development of T cell immunotherapies. It focuses on CMC- and preclinical development for their lead candidates.
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Cherry Ventures
VC Fund · Berlin, Berlin, Germany · 10 investments in Germany Hardware startups

Cherry Ventures is an early-stage venture capital firm led by a team of entrepreneurs with experience building fast-scaling companies such as Zalando and Spotify. The firm backs Europe's boldest founders, usually as their first institutional investor, and supports them in everything from their go-to-market strategy and the scaling of theirbusinesses. Cherry Ventures has previously invested in the seed stage of over 50 companies across Europe, including FlixBus, Auto1 Group, Infarm, Rows, Forto, and TourRadar. Cherry Ventures is based in Berlin and invests across Europe with operations in London, Paris, and Stockholm.

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Investment focus

  • Industry: Software, Information Technology, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 274
  • Round size: Seed $2M–$14M; Series A $7M–$44M; Series B $14M–$110M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $340M in 2022

Portfolio highlights

  • Cortea — Cortea leverages artificial intelligence to revolutionize the auditing process by enhancing speed, accuracy, and transparency. Cortea transforms audits from traditional, labor-intensive processes into faster, more reliable, and more transparent operations.
  • Bits Technology — Bits Technology connects data sources & orchestrates workflows for financial tech services.
  • Black Forest Labs — Black Forest Labs creates advanced generative deep learning models for images and videos. They focus on making these technologies widely accessible and transparent, ensuring that their innovations are easy to use and understand. This approach aims to democratize access to cutting-edge technology and foster greater trust and utility.
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bm-t beteiligungsmanagement thuringen
VC Fund · Erfurt, Thuringen, Germany · 10 investments in Germany Hardware startups

bm|t supports innovative and growth-oriented companies in Thuringia with equity investments and venture capital.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A
  • Geography: Germany, United States

Investor stats

  • Total investments: 69
  • Round size: Seed $461k–$7M; Series A $1.1M–$9.4M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • Altavo — Altavo operates as a medical device startup. Altavo harness the power of machine learning and state-of-the-art sensor technology to improve the lives of people who have lost their voice.
  • Peeriot — Peeriot is a B2B software high-tech startup with a breakthrough in IoT. Peeriot offers a low-code software suite that simplifies IoT data sharing by tenfold.
  • Influnate — Influnate is a tool that allows you to send and receive money via social media. Influnate enables users in social networks to “send and receive money easily, securely and quickly”. This can be done with a comment, a link, or via the Influnate web application. “Redirects to paid websites are a thing of the past,” said the startup.
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BlueYard Capital
VC Fund · Berlin, Berlin, Germany · 9 investments in Germany Hardware startups

BlueYard backs founders building the interconnected elements that can become the fabric of our future.

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Investment focus

  • Industry: Software, Biotechnology, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 109
  • Round size: Seed $1.2M–$14M; Pre-Seed $200k–$5.4M; Series A $7M–$47M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $185M in 2022

Portfolio highlights

  • ETHGas — ETHGas aims to redefine how users engage with Ethereum by providing low-latency, 3ms settlement times, and real-time trading, as well as a comprehensive product suite for exact order execution.
  • Cryptio — We offer enterprise-grade accounting, reporting, and audit software for your digital assets.
  • Rapidata — Fast and reliable data labeling that powers your AI. Define your label needs now and get the results in minutes.
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Picus Capital
VC Fund · Munich, Bayern, Germany · 9 investments in Germany Hardware startups

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.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 357
  • Round size: Seed $1.6M–$12M; Pre-Seed $500k–$4.4M; Series A $3.7M–$33M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $140M in 2024

Portfolio highlights

  • Enpal — Kostenlose Planung von Solaranlagen. Gewinnbringende & schnelle Umsetzung von Photovoltaikanlagen inklusive professionelle Installation & Netzanschluss. Zum Festpreis!
  • Everstores — Everstores makes use of your store data to speed up the sales process and give you a reasonable and transparent offer.
  • Lightbase — Plan, align, and ship complex projects faster. Lightbase maps your architecture across services and hands agents the full context to make safe, coordinated changes.
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Robin Capital
VC Fund · Hamburg, Hamburg, Germany · 8 investments in Germany Hardware startups, 12 in the past 12 months

Robin Capital focuses on software and technology solutions that address meaningful problems but am vertical agnostic.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 47
  • Round size: Seed $1.5M–$6.2M; Pre-Seed $1.1M–$6.2M; Series A $13M–$19M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Almetra — We use computer vision and AI analytics to provide insights into manual assembly processes - our platform supports process engineers in driving productivity and quality of assembly processes
  • Rotomate — Turn machine data into clear maintenance decisions, at scale. Rotomate's AI Engineer monitors every asset so your team knows what to act on.
  • ARCA — Plataforma digital para planes de pensiones de empleo. Soluciones para gestoras, empresas y partners.
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redalpine
VC Fund · Zürich, Zurich, Switzerland · 8 investments in Germany Hardware startups

redalpine is a thesis-driven vc with deep expertise in software and science. since 2006. we believe in the power of big ideas and in empowering game changers. we don't just invest, we co-create a better tomorrow. together with you.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Series A, Series B
  • Geography: Germany, Switzerland, United Kingdom

Investor stats

  • Total investments: 191
  • Round size: Seed $1.6M–$13M; Series A $3.2M–$31M; Series B $15M–$60M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $25M in 2013

Portfolio highlights

  • 9fin — The leading AI-powered debt market intelligence platform. Real-time news, data, and analytics across LevFin, private credit, and distressed debt.
  • Luya Foods — Sustainable food, Plant-based, Circular food, Meat alternative, Alternative to meat, Okara, Food waste, and Fermentation
  • Carvolution — Carvolution is the next-generation mobility services provider reshaping car ownership through its fully digital subscription service.Carvolution makes choosing a new car exciting. As it removes the hassle out of ownership and the inflexibility out of leasing, it enables consumers to choose their dream car as a convenient monthly subscriptionservice instead of a long-term commitment. Their digitally-powered one-stop-shop streamlines everything from insurance to maintenance: saving customers time and money while enabling efficiencies for all connected parties.
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Global Founders Capital
VC Fund · Berlin, Berlin, Germany · 8 investments in Germany Hardware startups

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 842
  • Round size: Seed $1.5M–$8.5M; Pre-Seed $637k–$5M; Series A $4M–$32M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $2B in 2018

Portfolio highlights

  • Finbits — Fintech company formed by co-founders with digital product background. The startup is solving major financial problems faced by entrepreneurs in LatAm: time wasted with non-core activities and difficult access to financial products. Finbits is developing an all-in-one finance solution for LatAm SMB. This new solution saves 80% of back-office costsand allows users access to financial products. This new financial OS integrates bank accounts, payment means, third-party ERP, and accounting software already available in the ecosystem. The new platform leverages modern technology and a data driven architecture to provide intelligent insights and financial products.
  • Musa — Musa is a smart city solution providing a platform that efficiently connects waste generators, haulers, and recyclers. Our mission is to guarantee that all waste becomes raw material directed to a productive chain of reuse. This is what connects us, a world without waste where everything can be reused. We want to transform the waste managementindustry by leveraging technology and developing new business models ensuring economic, social, and environmental impact.
  • Membrane — Membrane is AI for product integrations. Describe what you need, watch integrations build, test and maintain themselves.We exist to let any product connect to any other reliably, safely, and at scale, by turning intent & customer needs into integrations with AI.Our platform offers the state-of-the-art solution in the AI Age for productintegrations:Membrane Agent builds integrations for one or multiple apps at once, choosing correct API calls, field mappings, and data structuresMembrane Engine is the configurable infrastructure that you or any agent can play with. It contains actions, events/webhooks, flows, data collections, unified API models, field mappings, and schemas & more used to build and maintain integrations at scale.Membrane Packages - integration code that is purpose built for your use case, that you can deploy in your IDE.Membrane is used by 100+ B2B SaaS companies like Constant Contact, PandaDoc, Dialpad, Storyblok & many others as their preferred integration partner
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First Momentum Ventures
VC Fund · Karlsruhe, Baden-Wurttemberg, Germany · 8 investments in Germany Hardware startups, 14 in the past 12 months

Pre-Seed B2B Tech VC - Engineers at heart, investors by choice

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 65
  • Round size: Seed $3.6M–$12M; Pre-Seed $878k–$4.7M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • encosa — encosa helps commercial and industrial customers cut electricity costs with battery storage systems and software. It plans, finances, installs, and operates these systems as a complete service. The company also uses energy optimization and electricity trading to improve system returns.
  • SuperPlane — SuperPlane is an AI-first platform engineering and DevOps control plane that helps teams automate, orchestrate, and manage complex operational workflows across development, deployment, infrastructure, monitoring, and incident-response tools
  • InSpacePropulsion Technologies — Cost-effective, robust, and quickly available propulsion solutions, based on 10+ years of R&D and 40 years of combined experience in space propulsion.
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Future Energy Ventures
VC Fund · Essen, Nordrhein-Westfalen, Germany · 8 investments in Germany Hardware startups

Future Energy Ventures is a unique venture capital fund that brings together corporate partners and world-class start-ups to shape the future energy landscape. Future Energy Ventures invests in digital and digitally enabled technologies and business models that have the potential to redefine the future energy landscape.From its operational hubsin Germany, Israel and Silicon Valley, Future Energy Ventures looks for both investments and scaling opportunities for its portfolio globally and new investment opportunities.Future Energy Ventures is the venture capital investment and collaboration platform of E.ON, one of Europe’s largest operators of energy networks and energy-related infrastructure.

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Investment focus

  • Industry: Software, Energy, Information Technology
  • Stage:Seed, Series A
  • Geography: Germany, United States, Israel

Investor stats

  • Total investments: 92
  • Round size: Seed $1.2M–$5M; Series A $4M–$27M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $293M in 2022

Portfolio highlights

  • Calipsa — Advanced video analytics for real-time security and forensic analysis. Calipsa is a cloud-based platform that uses AI to extract operational intelligence from video systems.
  • GridCARE — GridCARE is the essential one-stop power solution for AI data centers, delivering energy security and resilience at unprecedented speed.
  • Solarize — Solarize provides SaaS for energy production, distribution and billing for commercial microgrids.
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eCAPITAL ENTREPRENEURIAL PARTNERS
VC Fund · Münster, Nordrhein-Westfalen, Germany · 8 investments in Germany Hardware startups, 7 in the past 12 months

eCAPITAL is a venture capital investor that provides early to growth stage funding to technology and deep tech companies.

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Investment focus

  • Industry: Information Technology, Software, Manufacturing
  • Stage:Series A, Series B
  • Geography: Germany, United States, Italy

Investor stats

  • Total investments: 120
  • Round size: Series A $2.7M–$14M; Series B $3.1M–$35M
  • Lead/follow: 70% lead, 30% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Cleafy — A new era for online fraud management: Cleafy combines in real-time all the most advanced fraud detection technologies in one fraud management solution.
  • VisioLab — Instantly scan products for self-checkout, using the iPad camera - no barcodes needed. Designed for speed, simplicity and human centricity.
  • QuoIntelligence — Our finished intelligence will significantly reduce your operational risks and allow you to make informed security decisions.
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Born2Grow
VC Fund · Heilbronn, Baden-Wurttemberg, Germany · 7 investments in Germany Hardware startups

Born2Grow is a german venture fund focusing on early stage investments. They invest up to 500k€ in innovative business models. They are based in Heilbronn in Baden-Wuerttemberg. Born2Grow focus on investments lies within the MedTech, BioTech, FinTech area as well as some other online industries

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Investment focus

  • Industry: Software, Medical, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Germany, Finland, United States

Investor stats

  • Total investments: 25
  • Round size: Seed $1.1M–$6M; Series A $3M–$4.1M; Series B $1.1M–$3.3M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Semorai — The SEMORAI Engineering AI Suite is your App Store for AI agents for reliable support in demanding mechanical engineering. Connect comprehensive engineering knowledge with your company know-how to accelerate your processes through AI to an unprecedented degree.
  • SpinDrive — SpinDrive technology increases efficiency by at least 15%. We provide tailored active magnetic bearing (AMB) systems for OEM's with competitive price.
  • Unchained Robotics — Unchained Robotics engages in the development of artificial intelligence-based control system for robots for electronics production.
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Verve Ventures
VC Fund · Zug, Zug, Switzerland · 7 investments in Germany Hardware startups

Verve Ventures has invested in more than 140 science and technology startups. We support visionary and resilient entrepreneurs from day one and are a reliable partner for the entire journey. We typically invest EUR 1-3m in early as well as later stage rounds of European high tech startups.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Series A, Seed, Series B
  • Geography: Switzerland, Germany, France

Investor stats

  • Total investments: 273
  • Round size: Seed $1.4M–$12M; Series A $2.6M–$18M; Series B $4.2M–$45M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $66M in 2022

Portfolio highlights

  • Kiutra — We provide cryogen-free cooling systems that simplify low-temperature research. Our solutions offer fast cooldowns, automated control and millikelvin performance ideal for quantum technologies and material science.
  • Sleepiz — Sleepiz is a Zürich based startup with the aim to enable the medical community to take healthcare into the home environment. Sleepiz provides an easy and comfortable to use solution with a device that is simply placed on the bedside table. The device operates in a non-contact fashion and measures movements originating from heart contractions andbreathing patterns as well as body motions with medical grade accuracy.By making use of wireless millimeter wave technology, sensor fusion and artificial intelligence Sleepiz will in the future not only able to diagnose sleep disorders, but also to perform long-term monitoring. Thereby, the progression of chronic diseases can be monitored to allow faster intervention and better treatment.
  • Clinpal — Backed by over 30 years of scientific discovery and validation, Cambridge Cognition offers the end-to-end platform for CNS clinical trials.
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Balderton Capital
VC Fund · London, England, United Kingdom · 7 investments in Germany Hardware startups

In the two decades since our founding, we have worked with hundreds of extraordinary European founders, and have raised eight funds totalling more than $3bn.

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 394
  • Round size: Series A $5M–$30M; Series B $9.3M–$100M; Series C $15M–$150M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely actively investing — fresh fund, raised $615M in 2024

Portfolio highlights

  • Luno — Join millions buying, trading and storing Bitcoin, Ethereum and other cryptocurrencies on Luno. Invest today.
  • Prodigy Finance — Get a student loan from Prodigy Finance without collateral or co-signer, to study at one of 1800+ schools around the world.
  • Quantum Systems — Our vision is to become the global leader in providing aerial data for decision making by the use of our drones.
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Antler
VC Fund · Singapore, Central Region, Singapore · 7 investments in Germany Hardware startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 1821
  • Round size: Seed $186k–$4.6M; Pre-Seed $108k–$755k; Series A $4.6M–$28M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Deja — Modern Rituals & Natural Products from the Ancient Science of Ayurveda
  • Enoki Inc — Multiplayer-enabled tools for developers. Enoki has 18 repositories available. Follow their code on GitHub.
  • Homethings — Single-use plastic is bonkers. Homethings makes cleaning products that make sense. No more shipping water in plastic bottles. We send non toxic cleaning tabs so that you can refill over and over again using your tap.
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Senovo
VC Fund · München, Bayern, Germany · 6 investments in Germany Hardware startups

Senovo is an early-stage VC funding global B2B SaaS category-leaders from Europe in Seed or Series A fundraising rounds. The fund invests into enterprise software startups in the areas of process optimization, industry 4.0 and data-enabled solution. The investor supports tech entrepreneurs in scaling marketing, sales, organisation, finance and KPIs.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Germany, United States, Sweden

Investor stats

  • Total investments: 66
  • Round size: Seed $2M–$8.4M; Series A $2M–$13M; Series B $5M–$66M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Websitebutler — Websitebutler provides online consultation to create your new website including maintenance.
  • SlidePresenter — Omnora: Easy creation of learning content. Secure and impart knowledge with interactive, user-friendly solutions for companies.
  • IAMIP Sverige AB — AI-powered patent software for advanced search, real-time monitoring, and IP collaboration. Track competitors, analyze trends, and drive innovation with IamIP.
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L-Bank
VC Fund · Karlsruhe, Baden-Wurttemberg, Germany · 6 investments in Germany Hardware startups

The L-Bank is committed to ensuring a high-performing economy, a high quality of life and a secure future. For individuals who want to gainfully employ their strengths or need support to develop them. For businesses that create jobs through their commitment and for communities seeking to improve the quality of their inhabitants' lives. Inshort: for Baden-Württemberg.

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Investment focus

  • Industry: Information Technology, Software, Manufacturing
  • Stage:Pre-Seed, Series A
  • Geography: Germany, Taiwan, Portugal

Investor stats

  • Total investments: 30
  • Round size: Pre-Seed $212k–$1.2M; Series A $6M–$72M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Vinolin — Vinolin is an IT Internet firm revolutionizes wine selection with seamless online shop integration.
  • HappySupport — HappySupport is a self-updating Help Center platform for B2B and B2C SaaS companies. The product records user interface actions in the customer's software as DOM and CSS selector chains, not as pixel screenshots or video. A GitHub integration tracks the customer's front-end source code and updates affected guides automatically when theunderlying UI changes.HappySupport ships in three components. HappyRecorder is a Chrome browser extension used to capture guide content. HappyAgent is the GitHub Sync engine that maintains documentation against the source. HappyWidget is an in-product overlay that surfaces relevant guides inside the customer's application.The company was co-founded by Henrik Roth and Niklas Gysinn and is based in Germany.
  • meinhaus.digital — meinhaus.digital provides an AI-powered platform to simplify planning, costing, and financing for home renovations and refurbishments of existing properties.
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Fluxunit - Osram Ventures
VC Fund · München, Bayern, Germany · 6 investments in Germany Hardware startups

Looking for venture capital? We are the Munich based corporate VC arm of ams OSRAM and invest in startups in photonics, opto-electronic and sensing.

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Investment focus

  • Industry: Software, 3D Technology, Manufacturing
  • Stage:Series A, Seed
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 22
  • Round size: Seed $2.9M–$5.7M; Series A $4.2M–$31M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • VividQ — Our holographic technology is uniquely positioned to enable truly immersive AR gaming experiences through four key features.
  • Tensordyne — Discover Recogni's innovative solutions for AI inference computing, offering unprecedented performance, scalability, and sustainability. Explore our cutting-edge technology designed for diverse markets including automotive and intelligent autonomy.
  • Blickfeld — Discover the world's first smart LiDAR solution that combines state-of-the-art hardware with powerful software to digitalize whole industries!
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Crane Venture Partners
VC Fund · London, England, United Kingdom · 6 investments in Germany Hardware startups

Crane is a London based VC firm investing and building seed and early stage intelligent enterprise and deep technology businesses across Europe. Our strategy is to support founders in building and executing their go-to-market strategy.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 126
  • Round size: Seed $2.7M–$8.8M; Series A $8M–$39M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • Qovery — Qovery is a DevOps automation tool that lets developers deploy and scale applications on their cloud by simplifying and automating infrastructure so tech teams can focus on what matters most: building great products.
  • Nuclia — With Progress Agentic RAG, auto-index files and documents, streamlining use cases with LLMs and AI agents.
  • ConfigHub Inc. — ConfigHub will unify and centralize software infrastructure configuration in a way that existing tools do not.
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Matterwave Ventures
VC Fund · Munich, Bayern, Germany · 6 investments in Germany Hardware startups

We empower early-stage hardware and software companies to reshape industrial value chains and become global leaders.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Germany, Austria, France

Investor stats

  • Total investments: 60
  • Round size: Seed $2M–$7.2M; Series A $2.7M–$16M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $88M in 2023

Portfolio highlights

  • equal1 — Equal1 Quantum System-on-a-Chip (QSoC) integrates all essential quantum computer elements onto a single chip, powering our scalable, datacenter-ready quantum servers.
  • LiveEO — LiveEO is the leading solution provider for AI-powered satellite-based monitoring of large infrastructure networks. Trusted worldwide.
  • fruitcore robotics — fruitcore robotics is a robotic system that leverages intelligent software and innovative mechatronics.
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APEX Ventures
VC Fund · Vienna, Wien, Austria · 6 investments in Germany Hardware startups

APEX Ventures is a deep-tech and medical-focused venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, Software, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United Kingdom, Austria

Investor stats

  • Total investments: 53
  • Round size: Seed $1.3M–$8M; Pre-Seed $511k–$3M; Series A $2.2M–$21M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • GEMESYS — Gemesys creates a chip that functions similarly to the human brain in order to overcome processing constraints and empower AI with the hardware it needs to complete its destiny
  • HyperHeat — HyperHeat is building a cutting-edge, all-electric heating solution designed to reach temperatures of up to 2,000°C. Using renewable electricity HyperHeat is providing an efficient alternative to fossil fuel combustion. With an efficiency rate of up to 98%, HyperHeat is ideal for retrofitting industrial processes, enabling significant CO2reductions across industries like steel, cement, and chemicals. The scalable technology offers a cost-efficient approach to decarbonizing thermal processes, with a potential to reduce global CO2 emissions by over 4.5 gigatons annually.
  • TriLite Technologies — The world's smallest projection displays from TriLite take laser beam scanning technology to the next level, for augmented vision as light as the eyewear of today.
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La Famiglia
VC Fund · Berlin, Berlin, Germany · 6 investments in Germany Hardware startups

We are an early-stage venture capital fund backing the best tech entrepreneurs across Europe and the US

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 113
  • Round size: Seed $2.2M–$10M; Series A $7.4M–$95M; Series B $22M–$95M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $99M in 2023

Portfolio highlights

  • Parloa — Amplify your customer service experience with a team of personal AI agents. Leverage the full power of generative AI for contact center automation.
  • Langdock — Meet Langdock. Start with a GDPR-compliant daily chat companion for your employees. Then deploy more advanced AI use cases like Assistants and Workflows. All in one easily extendable platform.
  • NaroIQ — Discover how we make Money Matter through out innovative fund infrastructure, enabling fair and redistributive earnings in the ETF and fund market.
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LBBW VC
VC Fund · Stuttgart, Baden-Wurttemberg, Germany · 6 investments in Germany Hardware startups

We help brilliant teams with a strong moat to establish visionary market leaders.

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: Germany, United Kingdom, Switzerland

Investor stats

  • Total investments: 47
  • Lead/follow: no public data

Portfolio highlights

  • CorTec — Reliable products for active implantable device development. We realize your next project with you and offer individual solutions that meet your specific requirements for Medical Devices, especially in neurotechnology.
  • Code Intelligence — Always be a step ahead. Find and fix vulnerabilities before others do. Run automated security tests with each pull request!
  • Workdry International — Workdry International provides designed water and wastewater management and treatment solutions.
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TEV Ventures
VC Fund · Essen, Nordrhein-Westfalen, Germany · 6 investments in Germany Hardware startups

Cusp Capital is a venture capital firm focused on European software and technology. The fund invests in early-stage companies on the cusp of redefining their industries by channeling new socioeconomic and technological paradigms.

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Investment focus

  • Industry: E-Commerce, Internet, Fashion
  • Stage:Series A, Seed
  • Geography: Germany, Australia, United States

Investor stats

  • Total investments: 88
  • Round size: Seed $549k–$5.7M; Series A $3.5M–$20M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • COMPEON — COMPEON is Germany’s leading financing portal for SMEs. Companies can obtain tailored offers from various financing partners for their planned projects by submitting a query free of charge at www.compeon.de. COMPEON works with more than 220 banks, leasing companies and special providers and handles financing enquiries with a total volume of €2.5billion every year. In addition to credit, loans and leasing agreements, the firm brokers also factoring and alternative financing products – such as mezzanine capital, purchase and project financing or private debt.The fintech company has been on the market since 2013. In addition to its three founders and managing directors Kai Böringschulte, Dr Nico Peters and Dr Frank Wüller, COMPEON is owned by DvH Ventures, b-to-v and Tengelmann Ventures.
  • Delivery Hero — Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.
  • Masterplan.com — Masterplan's mission is to turn continuous transformation in companies into an exciting and positive experience. That's why the platform aims to offer the most intuitive and engaging user interface across the industry. For example, companies can combine their content with Masterplan lectures and customized quizzes in just a few minutes -and just as easily assign those learning paths to the right employees. Serial entrepreneurs Stefan Peukert and Dr. Daniel Schütt founded the B2B edutech platform in 2017 and have since raised over €13 million in venture capital for it. Investors include Tengelmann Ventures, ex-Bertelsmann CEO Gunter Thielen, CODE University Chancellor Thomas Bachem, as well as the RAG Foundation, DvH Ventures, and NRW.BANK. In addition to its headquarters in Bochum, Masterplan.com has further locations in Berlin and Vienna and currently employs around 70 people.
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Futury Capital
VC Fund · Frankfurt, Hessen, Germany · 6 investments in Germany Hardware startups

We are looking for the newcomers, the architects of the future, the movers & shakers.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 49
  • Round size: Seed $1.9M–$5.7M; Series A $5.6M–$46M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • seedtrace — seedtrace is a SaaS startup from Berlin that develops a digital platform for businesses to manage, prove and communicate the social and ecological impact of their products. The startup focuses on bringing transparency into complex supply chains by fostering the cooperation between actors along the chain, building an ecosystem of organizations thatconfirm their claims and tracing products from seed to shelf.
  • Pixel Photonics — At Pixel Photonics we build scalable high-performance SNSPD (superconducting nanowire single photon detectors) with waveguide integration.
  • Focused Energy — Focused is the leading Laser Fusion company pursuing the most promising path to clean, limitless fusion power... unlocking civilization's next great chapter of growth.
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Lakestar
VC Fund · Zürich, Zurich, Switzerland · 6 investments in Germany Hardware startups

Lakestar is a venture capital firm investing in technology companies led by exceptional entrepreneurs. Early investments included Skype, Spotify, Facebook, and Airbnb. Since raising the first fund in 2013, Lakestar manages an aggregated volume of over EUR 1bn across three early-stage funds, and more recently a growth fund. The company has expandedand broadened its portfolio and holds investments in the likes of Opendoor, Oscar, GetYourGuide, Glovo, Sender, Eigen, Five, Revolut, and Hometogo to name a few. Lakestar has a presence in Berlin, Zurich, and London.Lakestar helps companies to identify new markets and expand into them rapidly, with a focus on the US and Europe. The team advises and supports portfolio companies in business development, recruitment, technology, and marketing. The investments range from early-stage companies to those in their growth stage.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 225
  • Round size: Seed $2.2M–$16M; Series A $6.6M–$65M; Series B $16M–$91M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Amuse — amuse is an independent record label and music distributor. We've launched the careers of some of the world's top independent artists and you could be next!
  • Graswald AI — Graswald engages in the creation of natural and digital 3D worlds for the entertainment industry.
  • Fuse Games — Based in Istanbul, Fuse Games’ vision is to build mobile games that are loved by wide and diverse player groups. Founded by a team that has strong gaming, growth and execution background, Fuse Games’ initial focus is on developing a MOBA game that includes strong meta elements and innovative ways to create a sense of ownership.
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Merantix Capital
VC Fund · Berlin, Berlin, Germany · 6 investments in Germany Hardware startups, 8 in the past 12 months

We ideate, build and scale the next category leaders in artificial intelligence. Join our global network of researchers, entrepreneurs and investors to explore the potentials AI together.

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Investment focus

  • Industry: Artificial Intelligence, Machine Learning, Software
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Germany, Switzerland, United Kingdom

Investor stats

  • Total investments: 30
  • Round size: Seed $4.3M–$6.6M; Pre-Seed $1.1M–$3.5M; Series A $4.9M–$19M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Almetra — We use computer vision and AI analytics to provide insights into manual assembly processes - our platform supports process engineers in driving productivity and quality of assembly processes
  • WhyBrilliant — WhyBrilliant operates as a B2B platform marketplace that utilizes conversational voice artificial intelligence to automate job matching. The company's core business model reverses the traditional hiring framework by having pre-vetted corporate clients submit inquiries to anonymized, AI-screened talent. Its consumer value proposition centers oneliminating standard application forms and manual recruiter screenings by deploying an AI assistant to privately map candidate objectives and facilitate secure introductions. This structural approach enables employers to optimize their hiring pipeline efficiency while guaranteeing job seekers profile confidentiality from current employers.
  • Graph Therapeutics — Graph Therapeutics - precision immunology
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AM Ventures
VC Fund · Starnberg, Bayern, Germany · 6 investments in Germany Hardware startups

We back trailblazing entrepreneurs who transform the world with industrial 3D printing.

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Investment focus

  • Industry: 3D Printing, Manufacturing, Software
  • Stage:Seed, Series A
  • Geography: Germany, United States, Switzerland

Investor stats

  • Total investments: 36
  • Round size: Seed $412k–$3.3M; Series A $2.3M–$12M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Soil Connect — Soil Connect is a platform created for excavators, contractors, builders, landscapers and other building professionals who work with soil on a regular basis. Our platform connects those who have soil, with those who need soil.
  • Additive Drives — A new generation of electric motors: simpler, better and more sustainable!
  • Headmade Materials — Headmade Materials is a provider of the 3D-printing process Cold Metal Fusion (´Metal SLS`) for the serial production of metal parts.
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Hardware VC funding in Germany at a glance

Stats across 1.4k deals from 1.4k investors.

1.4k
investors
in Germany Hardware startups
1.4k
deals
in Germany Hardware startups
$4.6M
median round
in Germany Hardware startups
44%
lead investors
lead at least one round
30%
Seed
most common funding stage

Access all 1402 VC funds in Germany Hardware startups.

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