30 Best Active Investors in Germany in 2024

The tech ecosystem in Germany has shown resiliency in spite of the crisis. To celebrate that, we compiled a list of the top investors in Germany, showcasing those who've demonstrated exceptional acumen, vision, and commitment to fostering innovation in the region.


This list is the result of tracking investment activity across +2,500 venture capital investors in Europe, and only includes funds that have invested in at least 5 startups in Germany in the past 12 months (not just investors with offices in Germany). Whether you're a budding entrepreneur seeking the right funding partner, an investor looking for co-investment opportunities, or simply curious about the financial powerhouses investing in Germany, this list provides invaluable insights into the region.


Last update to the database: Sep 24, 2024. See changelog.


Icon Investor Rankings are calculated using our Seedtable Score – a 1 to 100 score that uses quantitative and qualitative data points (like the size of their fund or the quality of the companies they invested in) to signal the strength behind an investor. A score closer to 100 indicates an investor is worth watching closely.

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List of 30 top Germany VCs

HV Capital, based in Munich, is a venture capital firm that helps founders grow their businesses. They invest in early to late-stage companies with check sizes ranging from $500,000 to $100 million. HV Capital supports startups in industries such as health tech, fintech, AI, and mobility, backing companies like Scalable Capital and Isar Aerospace. Their goal is to provide funding and guidance to help companies succeed in competitive markets.

49

Offices:

Berlin

Munich (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Series E, Series F, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

CarOnSale (
60)
, CoachHub (
60)
, Depop (
60)

Creandum is a Stockholm-based venture capital fund investing in early-stage companies across various stages, from pre-seed to Series D. Focused on industries like ecommerce, climate tech, mobility, and fintech, they have backed companies such as Factorial HR and Packfleet. Their goal is to partner with visionary founders to help them grow and succeed.

48

Offices:

Berlin

London

Stockholm (HQ)

San Francisco

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Unknown

Check Size:

$100k - $1B

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

Factorial HR (
71)
, VOI Technology (
67)
, Packfleet (
63)

Heartcore is a venture capital fund based in Copenhagen. They invest in startups at stages ranging from pre-seed to series F, with check sizes between $300,000 and $6 million. Heartcore focuses on industries including tech, health, real estate, finance, and entertainment. Their portfolio includes FlexAI, Zefir, Travel Perk, Podimo, and Taster. They aim to support founders in creating impactful consumer-focused brands, helping driven entrepreneurs turn their ideas into successful businesses.

48

Offices:

Copenhagen (HQ)

Paris

Berlin

Stockholm

Lisbon

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Series E, Series F, Unknown

Check Size:

$100k - $500M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

GetYourGuide (
60)
, Zolar (
60)
, Byway (
60)

Point Nine Capital is a venture capital fund based in Berlin. They invest in early-stage companies, from seed to Series D, with check sizes ranging from €500,000 to €5 million. Their focus spans sectors including AI, fintech, and health tech. Notable investments include Factorial HR, Attio, and PlayPlay. Point Nine Capital aims to help young companies grow by providing both capital and support.

46

Offices:

Berlin (HQ)

Investment Stage:

Seed, Series A, Series B, Series C, Series D, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

Factorial HR (
71)
, Algolia (
60)
, Contentful (
60)

Edeka Venture Capital Fund, based in Hamburg, focuses on Series D investments in the e-commerce sector. Notable investments include Picnic. Edeka aims to support businesses meeting everyday shopping needs, reflecting their grocery market offerings in meat, deli, cheese, fruits, and vegetables. The team is experienced and provides knowledgeable support to clients, seeking partnerships with companies that align with their values.

45

Offices:

Hamburg

Investment Stage:

Series D

Check Size:

$500M - $1B

Industries:

Ecommerce

Top investments in Germany:

Picnic (
71)

Earlybird Venture Capital, based in Berlin, invests in European tech startups at various stages, from seed to series A and beyond, with check sizes from $500,000 to $10 million. Their focus areas include biotech, fintech, and AI. Notable investments include Quantum Diamonds and Isar Aerospace. Earlybird provides financial backing and guidance to help startups grow and succeed in a competitive market.

43

Offices:

Paris

Berlin (HQ)

Munich

London

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Series E, Series F, Unknown

Check Size:

$100k - $500M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

FintechOS (
70)
, Oviva (
60)
, Payhawk (
60)

Finleap is a venture capital fund based in Berlin, specializing in finance-related fields. They support young companies by connecting them with investors, partners, and skilled professionals. Notable investments include solarisBank, Penta, and Element Insurance. Finleap focuses on businesses that enhance personal finance, insurance technology, and online payments at various funding stages. Known for integrating technology into financial services, finleap is a significant player in Europe’s startup ecosystem.

43

Offices:

Berlin (HQ)

Investment Stage:

Seed, Series A, Series B, Unknown

Check Size:

$100k - $30M

Industries:

Edtech, Fintech, Insuretech

Top investments in Germany:

solarisBank (
60)
, Element Insurance (
60)
, Penta (
52)

Deutsche Bank, headquartered in Frankfurt, is a venture capital fund with strong European and global connections. The fund invests in early to later-stage companies and provides debt financing. They focus on industries such as eCommerce, fintech, and AI. Known for backing startups like SumUp and GetYourGuide, Deutsche Bank supports businesses aiming for growth and innovation. Founded in 1870, the bank continues its tradition of helping companies expand globally.

43

Offices:

Frankfurt

Investment Stage:

Debt Financing, Pre Seed, Series F

Check Size:

$2.5M - $1B

Industries:

Fintech, Hardware, AI

Top investments in Germany:

SumUp (
78)
, GetYourGuide (
60)
, Clikalia (
56)

EQT Ventures is a venture capital fund based in Stockholm. They invest in early to late-stage startups, with check sizes from $1 million to $5 million. The fund supports ambitious founders in industries like fintech, climate tech, and health tech, aiming for global success. Notable investments include Volt and TreeCard. EQT Ventures helps entrepreneurs grow and scale their businesses to reach their full potential.

41

Offices:

Paris

Berlin

London

Stockholm (HQ)

San Francisco

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Series E, Unknown

Check Size:

$100k - $1B

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

1X (
78)
, Parloa (
70)
, Luko (
60)

Hi Inov is a venture capital fund based in Lyon that invests in Series A startups focused on business-to-business solutions. They target fields such as data, AI, and the future of work, with investments ranging from $250k to $5M. Notable investments include Agorapulse, Kenjo, Acodis, and Cumul.io. Hi Inov aims to empower companies revolutionizing business processes and driving efficiency in areas like business intelligence, identity management, and media and entertainment.

40

Offices:

Paris

Munich

Lyon (HQ)

Investment Stage:

Series A

Check Size:

$10M - $20M

Industries:

AI, Machine Learning, Legal Tech

Top investments in Germany:

Agorapulse (
44)
, Kenjo (
44)
, Acodis (
37)

Revaia is a venture capital fund based in Paris, investing in growing European tech companies. They focus on sectors such as fintech, health tech, and climate tech, supporting businesses from early stages through series A to series D. With a commitment to sustainability, Revaia has invested in firms like Platform, Hublo, and Deepki. Their funding helps these companies scale and succeed in their industries.

40

Offices:

Paris (HQ)

Berlin

Investment Stage:

Series A, Series B, Series C, Series D, Unknown

Check Size:

$10M - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

Mews (
67)
, Deepki (
60)
, Kaiko (
60)

Cherry Ventures is a Berlin-based venture capital fund that invests in early-stage startups with check sizes from $300,000 to $3 million. Founded by experienced entrepreneurs, the fund supports various industries, including ecommerce, AI, foodtech, and fintech. Notable investments include Swap, Tacto, and Cazoo. Cherry Ventures partners with founders to build successful businesses from the ground up.

39

Offices:

Berlin (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Fintech

Top investments in Germany:

Forto (
60)
, Moss (
60)
, NUMA Group (
60)

Eurazeo is a venture capital and private equity fund based in Paris. It invests in companies at all stages, from pre-seed to series I, across various industries such as fintech, biotech, gaming, and climate tech. Eurazeo provides capital and growth support to businesses, with notable portfolio companies including Electra and Aqemia. The fund manages diversified assets and focuses on helping small and medium-sized enterprises succeed.

39

Offices:

Paris (HQ)

Berlin

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Series E, Series F, Series G, Series H, Series I, Unknown

Check Size:

$100k - $1B

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

Homa Games (
70)
, Cognigy (
63)
, Jow (
63)

Ventech is a venture capital fund based in Paris, investing in early to growth-stage companies with checks ranging from €100,000 to €5 million. They focus on industries such as ecommerce, fintech, AI, and health tech. Notable investments include einwert, mediarithmics, and Leocare. Ventech aims to support businesses in the digital economy with funding, guidance, and resources for growth.

39

Offices:

Helsinki

Paris (HQ)

Munich

Investment Stage:

Seed, Series A, Series B, Series C, Series D, Series E, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

InterCloud (
60)
, Vestiaire Collective (
60)
, Reveal (
56)

KIZOO Technology Capital is a venture capital fund based in Karlsruhe, focusing on seed investments, particularly in fintech and payments. Beyond funding, they provide mentoring during the early stages of a company's growth. One notable portfolio company is Mambu in the fintech sector. KIZOO aims to help young companies grow through financial backing and strategic guidance.

38

Offices:

Karlsruhe (HQ)

Investment Stage:

Seed

Check Size:

$1M - $2.5M

Industries:

Fintech, Payments

Top investments in Germany:

Mambu (
60)

Horizon 2020 is a venture capital fund based in Frankfurt, investing in early-stage and Series A startups. They focus on sectors such as energy, climate technology, biotech, health tech, space tech, and manufacturing. Notable investments include PLD Space, Energy Dome, and TILT Biotherapeutics.

38

Offices:

Frankfurt

Investment Stage:

Seed, Series A

Check Size:

$10M - $20M

Industries:

Climate Tech & Green Tech, Health Tech, Biotech

Top investments in Germany:

PLD Space (
48)
, Energy Dome (
41)
, TILT Biotherapeutics (
41)

ProSiebenSat.1 Media is a venture capital fund based in Munich, focusing on later-stage investments in Sportstech and Fitness companies. They have backed firms like Urban Sports Club. Leveraging their expertise in entertainment and digital consumer brands, ProSiebenSat.1 uses advertising to gain shares in young digital companies. Their strategy combines TV reach and advertising power to build successful digital consumer brands, supported by 7,000 employees.

38

Offices:

Munich

Investment Stage:

Series D

Check Size:

$250M - $500M

Industries:

Sportstech, Fitness

Top investments in Germany:

Urban Sports Club (
60)

Cavalry Ventures Management, based in Berlin, invests in early-stage tech companies from pre-seed to Series C. Their focus areas include fintech, health tech, and AI, with check sizes ranging from $500,000 to $2,000,000. Notable investments include Medbelle and Xaver. Cavalry Ventures aims to help innovative startups grow and succeed through funding and strategic support.

37

Offices:

Berlin (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Unknown

Check Size:

$100k - $70M

Industries:

Health Tech, Fintech, Govtech

Top investments in Germany:

Bryter (
60)
, Forto (
60)
, McMakler (
56)

Porsche, based in Stuttgart, operates a venture capital fund that invests in startups across various stages, from early to late. They focus on industries such as space tech, cybersecurity, AI, fintech, and green tech. Investments are tailored to the needs of each company, with notable examples including Bumper, cylib, Isar Aerospace, Laka, and Retorio. The fund aims to support companies enhancing vehicle performance, improving safety, and driving environmental innovations.

37

Offices:

Stuttgart (HQ)

Investment Stage:

Series A, Series B, Series C, Unknown

Check Size:

$5M - $100M

Industries:

Climate Tech & Green Tech, Edtech, Fintech

Top investments in Germany:

Bumper (
67)
, Isar Aerospace (
56)
, cylib (
48)

Project A Ventures is a venture capital fund based in Berlin. They invest in various stages from pre-seed to Series D, with investments ranging between $1 million and $10 million. The firm supports companies across industries such as ecommerce, fintech, health tech, and AI. Combining capital with operational support, they help startups grow. Notable investments include Quantum Systems, Labrys Technologies, and Relay.

37

Offices:

Berlin (HQ)

London

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Unknown

Check Size:

$100k - $1B

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

VOI Technology (
67)
, Sennder (
60)
, Spryker (
60)

Speedinvest is a venture capital fund based in Vienna, investing in tech startups from pre-seed to Series C stages. They typically write checks between €700,000 and €3 million. Focusing on industries like fintech, health tech, ecommerce, and AI, their portfolio includes companies such as Sona, Sylvera, and Curve. Speedinvest provides early financial support and guidance to help startups thrive in competitive markets.

37

Offices:

Paris

Berlin

Munich

Vienna (HQ)

London

Investment Stage:

Angel, Pre Seed, Seed, Series A, Series B, Series C, Unknown

Check Size:

$100k - $1B

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

planqc (
71)
, Billie (
60)
, CoachHub (
60)

SYSTEMIQ is a venture capital fund based in London. It invests in early-stage and growth-stage companies in sectors such as climate tech, biotech, and manufacturing. The fund supports businesses developing impactful technologies and sustainable solutions, backing companies like ZeroAvia and Qualis Flow. SYSTEMIQ aims to drive significant changes toward a more sustainable and efficient future.

37

Offices:

Munich

Amsterdam

London (HQ)

Investment Stage:

Series A, Series B, Unknown

Check Size:

$100k - $30M

Industries:

Climate Tech & Green Tech, Govtech, AI

Top investments in Germany:

ZeroAvia (
60)
, Circulor (
52)
, Nature Metrics (
48)

Rewe Group, based in Cologne, is a venture capital fund that invests in series B stages, focusing on ecommerce, developer tools, and foodtech. Notable investments include Flink Food and Commercetools. Part of a larger organization with over 390,000 employees across 21 European countries, Rewe Group was founded in 1927 and reported over 92 billion euros in revenue in 2023. The organization encompasses supermarkets, discount stores, drugstores, DIY stores, convenience stores, and an extensive travel and tourism division, including travel agencies, tour operators, and online travel portals.

37

Offices:

Cologne

Investment Stage:

Series B

Check Size:

$20M - $1B

Industries:

Foodtech, CPG & Consumer Goods, Food Delivery

Top investments in Germany:

Flink Food (
60)
, Commercetools (
56)

Partech Ventures is a technology venture capital fund based in Paris. They invest in startups from pre-seed to series F, with investment sizes ranging from $200,000 to $75 million. Their portfolio spans industries such as health tech, fintech, and AI. Notable investments include Sendinblue, ManoMano, and Cazoo. The fund aims to support growth and innovation in the tech sector through strategic investments.

36

Offices:

Paris (HQ)

Berlin

San Francisco

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Series F, Unknown

Check Size:

$100k - $500M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

CoachHub (
60)
, EcoVadis (
60)
, Fresha (
60)

Target Global is a venture capital fund based in Berlin that invests in tech companies at all stages, from pre-seed to series D. Their focus includes gaming, fintech, and health tech, among other sectors. They have backed companies like Travel Perk, Finom, Rapyd, Lepaya, and Cazoo. Target Global supports startups and established businesses with growth potential, offering flexible check sizes for diverse investment opportunities.

36

Offices:

Berlin (HQ)

Munich

Amsterdam

London

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Unknown

Check Size:

$100k - $1B

Industries:

Health Tech, Edtech, Fintech

Top investments in Germany:

Badi (
60)
, Fresha (
60)
, Omio (
60)

KfW, based in Frankfurt, is a venture capital fund and one of the world's leading promotional banks. Since 1948, it has aimed to improve economic, social, and environmental living conditions globally, representing Germany's Federal Republic and federal states. KfW invests in various business stages and industries, backing companies like everphone and GetYourGuide. The fund operates without retail branches or customer deposits, funding activities through international capital markets. KfW's network spans offices in Germany and about 80 locations worldwide. Employees benefit from expert leadership, ample training, work-life balance support, and competitive pay.

36

Offices:

Frankfurt

Investment Stage:

Debt Financing, Series D, Series F

Check Size:

$30M - $500M

Industries:

Hardware, Travel Tech, Community & Lifestyle

Top investments in Germany:

GetYourGuide (
60)
, everphone (
56)

btov Partners is a venture capital fund based in Berlin, investing in early-stage startups through seed and series funding rounds. Their investments range from €250,000 to €10 million across sectors like fintech, health tech, AI, and climate tech. The fund has supported companies such as SumUp, Volocopter, and Urban Sports Club, adopting both a generalist and industrial focus to help diverse businesses succeed.

35

Offices:

Berlin (HQ)

Munich

Zürich

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Series E, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Germany:

SumUp (
78)
, Urban Sports Club (
60)
, AI21 Labs (
56)

Heliad Equity Partners is a venture capital fund based in Frankfurt. They invest in companies at various growth stages, including Series B and beyond, focusing on sectors like technology, finance, and green energy. Notable investments include Enpal, Instafreight, Modifi, and WorkMotion. The fund aims to nurture companies to achieve solid growth, supporting them before, during, and after an initial public offering (IPO).

35

Offices:

Frankfurt (HQ)

Investment Stage:

Series B, Unknown

Check Size:

$20M - $40M

Industries:

Climate Tech & Green Tech, Fintech, Hiring and Recruitement

Top investments in Germany:

Enpal (
60)
, Instafreight (
56)
, WorkMotion (
56)

Sanno Capital, based in Munich, is a venture capital fund that supports founders building the future. They focus on cutting-edge technology and aim to foster growth and innovation. Notable investments include Konux. Their approach emphasizes collaboration and a long-term vision for their portfolio companies.

35

Offices:

Munich (HQ)

Investment Stage:

Unknown

Check Size:

$100M - $250M

Industries:

AI, Internet of Things

Top investments in Germany:

Konux (
56)

Astutia Ventures is a venture capital fund based in Munich. For over 10 years, they have invested in early-stage startups with strong growth potential in sectors like ecommerce, developer tools, cloud services, and consumer goods. They provide funding, an international network, and industry expertise to support early-stage growth. Notable investments include Commercetools.

35

Offices:

Munich

Investment Stage:

Seed

Check Size:

$1M - $2.5M

Industries:

CPG & Consumer Goods, Ecommerce, Developer Tools

Top investments in Germany:

Commercetools (
56)