HV Capital
VC Fund
Munich, Germany
HV Capital is a VC fund in Munich focused on E-Commerce and Software. HV Capital is one of the leading early-stage and growth investors in Europe. With nine fund generations in 23 years and €2.8 bn in managed assets, HV Capital is one of the continent's most active investors. The investment team has many years of experience in identifying European startups with great potential for success. In addition tointernational success stories like Zalando, Delivery Hero, Sumup, and Depop, innovation leaders such as Enpal, Flixbus, Sennder, and Isar Aerospace are also part of the portfolio. HV Capital has invested in around 225 internet and technology companies, supporting startups with ticket sizes ranging from €0.5 to €60m. It is one of Europe's few venture capital firms that can finance startups through all growth phases. HV Capital has a team of more than 40 investment and operations professionals who provide a variety of perspectives and expertise across the venture capital landscape.
- Total investments:
- 470
- Last investment:
- Lead investor:
- 32%
- Fund size:
- $834M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries HV Capital invests in
Stages HV Capital invests in
Countries HV Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $1.6M–$12M
- Series A
- $3.3M–$35M
- Series B
- $7.7M–$75M
Investment Focus
Industry
- E-Commerce 55 (12%)
- Software 41 (9%)
- Internet 36 (8%)
- Information Technology 34 (7%)
- Artificial Intelligence 24 (5%)
Stage
- Series A 113 (24%)
- Seed 88 (19%)
- Series B 63 (13%)
- Series C 46 (10%)
- Funding Round 44 (9%)
Country
- Germany 154 (33%)
- United Kingdom 15 (3%)
- United States 13 (3%)
- The Netherlands 7 (1%)
- Switzerland 6 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Barbod Namini
Partner
|
Partner | Total investments: 24 | Find email | |
|
Mina Ingelgem
Partner
|
Partner | Total investments: 5 | Find email | |
|
Alexander Joel-Carbonell
Partner
|
Partner | Total investments: 6 | Find email | |
|
Christian Saller
General Partner
|
General Partner | Total investments: 28 | Find email | |
|
Christoph Jung
General Partner
|
General Partner | Total investments: 16 | Find email | |
| See all 15 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
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Ore Energy develops long-duration energy storage systems based on iron-air battery technology for renewable energy applications and electric power grids. The company researches, develops, and manufactures modular battery systems that use iron, water, and air to store electricity through a reversible oxidation process, enabling multi-day energystorage using abundant materials. Its technology supports grid-scale energy storage, renewable energy integration, grid balancing, and backup power by extending storage duration beyond conventional lithium-ion battery systems.Ore Energy also conducts research in electrochemistry, battery engineering, manufacturing processes, and energy storage system design to improve scalability, safety, and operational efficiency. The company's battery platform is designed to help utilities, renewable energy developers, and industrial customers store excess renewable electricity and enhance grid reliability while supporting the transition to low-carbon energy systems. | $43M / Series A / Aug 04, 2026 | |
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Fleek is a B2B Wholesale Marketplace for second-hand fashion. Our buyers are vintage stores and online resellers; our suppliers are used clothing wholesalers, rag-houses, and donation centres. | $25M / Series B / Jul 08, 2026 | |
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Quantum Systems provides AI-powered aerial intelligence solutions for defense and emergency services. The company designs and develops advanced aerial systems equipped with artificial intelligence to gather, analyze, and interpret data for strategic decision-making. These solutions are particularly valuable for surveillance, monitoring, andreal-time information processing, enabling clients to enhance operational efficiency, safety, and effectiveness in critical operations. | $1.2B / Series D / Jul 02, 2026 | |
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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. | $113.4M / Series D / Jun 24, 2026 | |
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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. | $311.6M / Series D / Jun 09, 2026 | |
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Fifth Dimension AI is to analyze high-value data faster, create better content, and perform performing marketing. | $26M / Series A / May 11, 2026 | |
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SPREAD AI develops engineering intelligence software that enables organizations to unify, analyze, and act on complex product data across the entire product lifecycle. The company provides a platform that aggregates structured and unstructured data from systems such as engineering tools, production systems, and documentation into a single,connected data layer. Its core technology creates a “product twin,” a graph-based representation that models how mechanical, electrical, and software components interact within a product. This allows engineering teams to understand dependencies, assess the impact of changes, and make informed decisions based on a complete view of product behavior.SPREAD AI integrates with existing enterprise systems rather than replacing them, acting as a layer that connects data sources and enables real-time analysis and workflow automation. It also provides customizable applications and low-code tools that allow teams to build domain-specific solutions tailored to their engineering needs. The platform incorporates artificial intelligence and automation capabilities, including AI agents that assist with tasks such as data mapping, validation, troubleshooting, and requirements analysis. These tools help reduce manual work and enable faster resolution of engineering issues across development, production, and aftersales processes. | $29.3M / Series B / Apr 29, 2026 | |
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Midas is a cryptocurrency application that allows users to sell and invest in cryptocurrency and tokens. | $50M / Series A / Mar 30, 2026 | |
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Our vision is to make high-quality health products accessible for everyone. We will achieve this by enabling creators of health products to build and operate high-quality products with 10x efficiency. We are putting our initial focus on automating compliance and regulatory tasks for medical device manufacturers. Our product offering includesAI-enabled automation of major parts of the data collection, aggregation, evaluation, and reporting for post-market surveillance activities. | $20M / Series A / Feb 19, 2026 | |
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Our vision is to make high-quality health products accessible for everyone. We will achieve this by enabling creators of health products to build and operate high-quality products with 10x efficiency. We are putting our initial focus on automating compliance and regulatory tasks for medical device manufacturers. Our product offering includesAI-enabled automation of major parts of the data collection, aggregation, evaluation, and reporting for post-market surveillance activities. | $20M / Series A / Feb 19, 2026 | |
| See all 470 investments → | |||
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FAQ
What does HV Capital invest in?
HV Capital invests primarily in E-Commerce, Software and Internet startups, most often at Series A and Seed stage. Most of the 470 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is HV Capital's check size?
HV Capital typically joins rounds of $1.6M–$12M at Seed, $3.3M–$35M at Series A and $7.7M–$75M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds HV Capital participates in.
How do I contact HV Capital?
Public channels for HV Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at HV Capital?
The team at HV Capital includes Barbod Namini (Partner), Mina Ingelgem (Partner) and Alexander Joel-Carbonell (Partner), among 15 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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