# Paul Morgenthaler

> Paul Morgenthaler is a Series A investor at CommerzVentures backing Software and FinTech. See 14 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [CommerzVentures](https://shizune.co/investors/profile/commerzventures-gmbh)
- Location: Frankfurt, Germany
- Total investments: 14
- Last investment: Nov 2025
- Lead investor: 71%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/paulmorgenthaler/?originalSubdomain=de
- X (Twitter): https://twitter.com/morningdollar
- Website: https://x.com/morningdollar

Paul Morgenthaler is a Series A investor at CommerzVentures in Frankfurt focused on Software and FinTech. Paul is a Partner at CommerzVentures.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 5 | 36% |
| FinTech | 3 | 21% |
| InsurTech | 3 | 21% |
| Insurance | 3 | 21% |
| Banking | 2 | 14% |

29 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 8 | 57% |
| Series B | 3 | 21% |
| Seed | 1 | 7% |
| Funding Round | 1 | 7% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Germany | 4 | 29% |
| Sweden | 3 | 21% |
| United Kingdom | 3 | 21% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Deblock | Deblock offers banking services to cryptocurrency users.It assists people to cash out their cryptocurrency investments. | $34.6M | Series A | Nov 19, 2025 |  |
| Sunhat | Sunhat is an automation tool that combines software engineering and sustainability expertise to help supply chain businesses meet their sustainability goals. It automates the processing of sustainability questionnaires and ESG ratings for suppliers. | $10.9M | Series A | Sep 23, 2025 |  |
| carbmee | Carbmee is an Enterprise Software Company on a mission to empower businesses to get carbon reduction under management through the use of automation technology. Through our patented Environmental Intelligence System, carbmee EIS™, we allow companies to reduce their carbon footprint by analyzing CO2 hotspots throughout the value chain. | $21M | Series A | Dec 03, 2024 |  |
| Climate X | Climate X is a dual headquartered (London, UK and New York, US) global climate physical risk and resilience data analytics company whose customer's include leading global financial institutions across banking, real estate and insurance. Learn more by visiting www.climate-x.com. | $17.7M | Series A | Jun 26, 2024 |  |
| Doconomy | Doconomy is a Sweden-based fintech company that offers digital banking services. Their vision is of enabling a sustainable lifestyle for everyone. Doconomy wants to inspire change in behaviour and reduce unsustainable consumption and carbon emissions. Doconomy activates a circular ecosystem, connecting the consumer, the producer, the retailer andinfluencer to futureproof planet earth, and achieve a sustainable lifestyle for all. | $36.8M | Series B | May 30, 2024 |  |
| ClimateView | Developer of a leading transition management platform for governments and public sector organizations to plan, finance, and execute large-scale decarbonization and resilience strategies. Trusted by 300+ cities and regions, the platform integrates emissions data, financial planning, policy design, and performance tracking into a unified operatinglayer. Built on IPCC-aligned methodologies and structured data architecture, it enables decision-makers to model transition pathways, stress-test investments, and connect political ambition with economic and energy system realities. By linking targets to budgets, capital flows, and measurable outcomes, the platform turns complex transition plans into finance-ready programs with comparable metrics across jurisdictions. | $15.1M | Series A | Jun 13, 2023 |  |
| Climate X | Climate X is a dual headquartered (London, UK and New York, US) global climate physical risk and resilience data analytics company whose customer's include leading global financial institutions across banking, real estate and insurance. Learn more by visiting www.climate-x.com. | $5.4M | Seed | Mar 23, 2022 |  |
| Hedvig | Hedvig is a new approach to insurance. It’s about freedom and being ok with your life, no matter what happens to you. We provide fair help everyone’s entitled to. | $45M | Series B | Sep 29, 2021 |  |
| ClimateView | Developer of a leading transition management platform for governments and public sector organizations to plan, finance, and execute large-scale decarbonization and resilience strategies. Trusted by 300+ cities and regions, the platform integrates emissions data, financial planning, policy design, and performance tracking into a unified operatinglayer. Built on IPCC-aligned methodologies and structured data architecture, it enables decision-makers to model transition pathways, stress-test investments, and connect political ambition with economic and energy system realities. By linking targets to budgets, capital flows, and measurable outcomes, the platform turns complex transition plans into finance-ready programs with comparable metrics across jurisdictions. | $11.6M | Series A | Sep 29, 2021 |  |
| Doconomy | Doconomy is a Sweden-based fintech company that offers digital banking services. Their vision is of enabling a sustainable lifestyle for everyone. Doconomy wants to inspire change in behaviour and reduce unsustainable consumption and carbon emissions. Doconomy activates a circular ecosystem, connecting the consumer, the producer, the retailer andinfluencer to futureproof planet earth, and achieve a sustainable lifestyle for all. | $19M |  | Sep 23, 2021 |  |

10 of 14 investments shown.

## Co-investors
- [NordicNinja VC](https://shizune.co/investors/profile/nordicninja-vc) — VC Fund, 3 deals together
- [2050](https://shizune.co/investors/profile/2050) — VC Fund, 2 deals together
- [Ålandsbanken](https://shizune.co/investors/profile/%C3%A5landsbanken) — VC Fund, 2 deals together
- [noa](https://shizune.co/investors/profile/a-o-proptech) — VC Fund, 2 deals together
- [Blue Wire Capital](https://shizune.co/investors/profile/blue-wire-capital) — VC Fund, 2 deals together
- [Cherry Ventures](https://shizune.co/investors/profile/cherry-ventures) — VC Fund, 2 deals together

## About CommerzVentures

VC Fund · Frankfurt, Germany

CommerzVentures specializes in early- and growth-stage companies in the financial services and insurance sectors. Established in 2014 as the venture capital fund of Commerzbank. Independent investment management company since 2019.CommerzVentures is a return-driven, non-strategic venture capital investor. We back early- and growth-stage companiesin the financial services and insurance sectors, starting at Series A.We aspire to invest in the very best startups in a given sector. For their portfolio companies, we offer access to key decision makers across the banking and insurance industry.Our initial investment size ranges from €2 million to €10 million. We invest mostly in Europe, Israel, and the USA, and are always looking to work with entrepreneurs who have vision and enthusiasm!

5 contacts available at CommerzVentures.

| Name | Title | Profile |
| --- | --- | --- |
| Alexandre Moreillon | Principal | https://shizune.co/investors/profile/alexandre-moreillon |
| Jonas Wenke | Principal | https://shizune.co/investors/profile/jonas-wenke |
| Paul Morgenthaler | Partner | https://shizune.co/investors/profile/paul-morgenthaler |
| Stefan Tirtey | Managing Partner | https://shizune.co/investors/profile/stefan-tirtey |
| Jenny Langer | EA & Office Manager | https://shizune.co/investors/profile/jenny-langer |

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does Paul Morgenthaler invest in?

Paul Morgenthaler invests primarily in Software, FinTech and InsurTech startups, most often at Series A and Series B stage. Most of the 14 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Paul Morgenthaler last invest?

The most recent investment recorded for Paul Morgenthaler closed in Nov 2025. Shizune tracks 14 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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