VC Directory

GROWTH VCs in Germany Directory

Curated index of active venture capital funds investing in Europe and Israel. Track partners, stages, and check sizes.

Motive Ventures

DE

Motive Ventures invests in tech-enabled financial and business services companies, spanning from venture to growth & buyout stages across North America and Europe. Their approach is centered around the 'IOI' model: Investing, Operating, and Innovating. They invest in companies across verticalized AI, embedded finance, and platforms within core sectors like banking and payments, capital markets, data and analytics, insurance, and wealth and asset management. They actively partner with founders and management teams to scale proven platforms, leveraging their extensive network and industry expertise to provide access, expertize, and customer connectivity. The firm's value creation strategy involves bringing leading financial services and technology expertize through investors, operators, and innovators, ensuring alignment at every stage, empowering portfolio companies through technology. They focus on building transformative growth engines, aligning product, pricing, marketing, and sales, utilizing data-driven insights to unlock revenue opportunities, and optimizing go-to-market strategies. Create is Motive's value creation engine, embedded across the deal lifecycle from thesis to exit. They partner with leadership teams to turn strategy into measurable results, integrating investment conviction with hands-on execution. Create provides the expertise and tools needed for transformation, building stronger businesses faster through a product-led approach combining modern engineering, scalable architecture, and strong cybersecurity. The firm's operating model optimization focuses on clarifying roles, streamlining tools, and redesigning processes to enhance quality, reduce costs, and create capacity for growth through data-driven visibility and automation. Motive Ventures also emphasizes building scalable operating models and teams that evolve with business needs, aligning organizational design with strategy, defining clear roles and accountabilities, and streamlining decision-making to enhance speed and effectiveness. As companies grow, they strengthen operating structures and attract top talent. The firm seeks to unlock superior returns for investors while forming the future of finance with their portfolio companies and management teams, focusing on democratizing wealth and asset management, transforming commerce with payment technologies, and modernizing risk pricing and distribution in the insurance sector.

Pre-seed, Seed, Series A, Growth, Buyout, Legacy transformationsBanking & paymentsCapital markets

Mountain Alliance

Munich, DE

Mountain Alliance AG is a listed German venture capital company that strategically invests in digital growth companies. Their investment approach is centered around building long-term value by backing scalable tech businesses and helping them convert potential into performance. The firm aims to acquire entire portfolios in a targeted manner, primarily through the contribution of own shares at NAV. They focus on strengthening the overall exit capability of their investments. Mountain Alliance is increasingly focusing on the defense tech sector, particularly on dual-use applications in drone and satellite technology, cybersecurity, and artificial intelligence. They are actively seeking opportunities in attractive technologies for further expansion of their portfolio while maintaining a strong focus on exits. The firm invests in companies that leverage AI for new security-related and civilian applications, thereby transforming markets. Recent moves indicate a shift toward more mature scale-ups. The firm's investment in MindGuard AG, an innovative Swiss company developing an AI-supported ecosystem designed to strengthen mental resilience in security-critical areas, exemplifies their focus on AI and defense technologies. Mountain Alliance aims to expand its portfolio in the defense technology sector, focusing on companies leveraging AI for new security-related and civilian applications, with plans for further investments in drone and satellite technology as well as cybersecurity.

GrowthDefense TechAI

Neuhaus Partners

DE

Neuhaus Partners is a venture capital firm focused on supporting young, high-technology companies from their early stages through to IPO. They act as partners to their portfolio companies, providing capital, coaching, contacts, and networks to help them achieve a leading competitive position in rapidly growing markets. They emphasize intensive exchange and constructive dialogue with their portfolio companies throughout all phases of development. The firm seeks to bring together innovation and expert knowledge to create continuous added value for their investments, supporting companies in navigating uncertain waters and achieving their goals. They invest in high-technology companies in the early phase and actively coach them. They focus on helping their portfolio companies navigate the challenges of growing a business, offering support and guidance along the way. Neuhaus Partners also leverages its network to provide connections to important industry players. They are part of the German Startup Award expert network, further enhancing their ability to support portfolio companies. Neuhaus Partners believes in the visions of entrepreneurs and seeks to provide the necessary support for them to succeed. They consider their portfolio companies as partners, empowering them to implement their vision while providing venture capital to fuel their growth.

Early StageITInternet

Next Big Thing

DE

Based on the provided information, Next Big Thing AG (NBT) appears to focus on investing in early-stage and growth-stage companies that leverage IoT and related technologies to address challenges across various industries. Their investment strategy seems driven by sustainable development goals, specifically targeting companies contributing to good health and well-being, responsible consumption and production, affordable and clean energy, sustainable cities and communities, and industry innovation and infrastructure. NBT prioritizes companies that demonstrate innovation and are seeking to disrupt traditional industries with data-driven and IoT-enabled solutions. They seem to be particularly interested in companies building IoT ecosystems and those that are decarbonizing industries.

Growth, Early, SeedHealthcareCleantech

Next Commerce Accelerator

Hamburg, DE

Next Commerce Accelerator (NCA VC) operates as a venture capital firm connecting startups with corporate partners. From 2017 to 2025, they invested in 77 B2B startups, partnering with over 25 corporate LPs to foster venture-scale outcomes from validated demand. Their investment approach involves helping enterprises de-risk innovation by engaging with venture-ready startups. They frame problems with business owners, scout and screen the market, and conduct a selection process aligned with their corporate partners' needs, supporting selected startups to drive pilots that lead to measurable business results. NCA VC's process includes a Product Market Fit approach involving venture-client pilots with corporate partners, starting from problem framing and startup fit, progressing through pilot phases, and aiming for scale. They also focus on scouting and selecting startups aligned with their corporate partners’ needs, providing search- and venture radar with defined search fields and quarterly market views mapped to partner roadmaps. The firm also provides portfolio support, offering ongoing operator support beyond the initial financing round. Their program highlights include product field workshops, startup speed-dating sessions, startup roadshows involving on-site corporate visits, demo days & demo dinners, and innovation days, which involve numerous participants and matchmaking opportunities. These initiatives facilitate connections and collaboration between startups and corporate partners, with the aim of driving innovation and growth. The firm's investment strategy focuses on B2B startups operating in sectors such as B2B SaaS, AI, data & automation, trade & commerce, logistics, construction, and circularity. Their model centers around connecting startups with corporate partners to validate demand and generate venture-scale outcomes.

Not mentioned, likely early-stage given accelerator modelB2B SaaSAI

Nord Holding

Hannover, DE

NORD Holding is a German private equity firm focused on transforming medium-sized business models through a collaborative, eye-level partnership approach. They aim to develop the value of companies, acting as a partner for ambitious managers and leading investors, offering customized and return-oriented investment solutions. The firm prioritizes reliability, creativity, and success in its investment approach, seeking to strengthen growth and create value for both society and the economy. They strive for continuous success based on strong stakeholder relationships, market knowledge, and experience. Their individual and flexible investment approaches are tailored, moving away from standard solutions. They partner with companies to provide tailor-made solutions and enhance company value.

Mid Cap, Small CapSmart IndustriesSoftware/IT-Services

Nordwind Growth

DE

Nordwind Growth is a German growth private equity firm that provides capital and strategic/operational support to technology companies in Germany, Austria, and Switzerland. They focus on creating value for their investors by targeting companies with scalable and proven business models, outstanding founder and leadership teams, and tech-driven competitive advantages. The firm prioritizes companies with a history of cash-efficient growth and solid core values and principles. Nordwind Growth aims to partner with companies that have demonstrated market traction and possess the potential for significant expansion within the DACH region. Their investment strategy seems to center on identifying and supporting companies with defendable technology and a strong focus on building sustainable, profitable businesses.

GrowthTechnology

Novum Capital Partners

DE

Novum Capital Partners is a private equity firm based in Frankfurt, Germany, that focuses on investing in medium-sized companies with stable markets, attractive market positions, and profitable operations. The firm's investment strategy includes succession solutions, carve-outs, majority stakes, and minority stakes, with the goal of fostering growth and ensuring crisis resilience. They aim to bring together promising companies with first-class managers and develop them as active, value-adding shareholders. They also support future-proof structures and strategies. Novum Capital actively manages complex participation scenarios in the best interests of the company. They promise conscientious development, independence from corporate control, preservation of entrepreneurial achievements, and resolution of shareholder disputes. They provide equity or debt capital and expertise for management buy-outs or buy-ins and support managers in negotiating with stakeholders to become shareholders. They also emphasize ESG aspects (environmental, social, and governance) to sustainably increase a company's value. The firm prioritizes transparency in its activities and important decisions at its portfolio companies, seeking to provide significant value increases for investors over a 10-year fund duration. Novum Capital also aims to implement entrepreneurial, value-enhancing initiatives quickly, facilitated by the resources available at the firm. They provide fast and well-founded replies to investment offers and maintain a high level of reliability during transactions. Decision-makers are based in Frankfurt and are easily accessible, providing flexibility in financing matters with access to their own funds, institutional co-investors, and banks.

Not explicitly mentioned, but focuses on companies with existing revenue and EBITDA, implying later stages.Stable marketsattractive market positions

Phoenix Contact Innovation Ventures

Blomberg, DE

Phoenix Contact Innovation Ventures, the venture capital arm of the Phoenix Contact Group, focuses on identifying new, particularly digital, business models and investing in highly disruptive technologies that contribute to a sustainable world. Their investment strategy centers around electrifying, connecting, and automating industries, with a specific focus on deep-tech B2B environments. They aim to bring together ideas, capital, and progress to facilitate the availability of affordable energy from renewable resources and to optimize existing industries for energy efficiency gains. The firm invests in startups that align with Phoenix Contact's broader mission to create technological and collaborative innovations that improve the lives of customers and society, reflecting a commitment to innovation and entrepreneurship for a sustainable future. Their investment approach is underpinned by an evergreen fund structure, allowing for flexible holding periods and independent operation, ensuring they can act as a reliable partner through varying market conditions.

Not explicitly mentioned, but likely targets early to growth stages given the focus on startups and disruptive technologies.Electrificationnetworking

Point Nine Capital (P9)

DE

Point Nine invests in AI-driven startups across SaaS, B2B software, and emerging sectors like healthcare, robotics, and agriculture, focusing on pre-seed and seed-stage companies with global potential. The firm emphasizes thesis-driven investments, working closely with founders to accelerate growth and provide operational support.

Pre-seed and Seed (with some Series A and later-stage investments)AI for the digitalphysical

Primepulse

DE

PRIMEPULSE invests in scalable digital technologies and B2B deep-tech SMEs, delivering active growth partnerships with capital, expertise, and networks to build global market leaders from Europe to the US.

Quint Ventures

Berlin, DE

Quint Ventures is a business angel group established in 2021, investing in early-stage (Seed and Series A) SAAS and AI-native companies across Europe. They seek to partner with ambitious founders, offering not only capital but also their expertise and a global network of business partners. The firm consists of five tech investors and professionals who invest collectively or individually. Their focus is on innovative startups with the potential to disrupt existing processes and value chains. They position themselves as sparring partners for founders, aiming to help them avoid common pitfalls and accelerate growth through active engagement and support.

Seed, Series ASAASAI-native

Realyze Ventures

DE

Realyze Ventures invests in European startups leveraging technology and innovation to decarbonize the built environment, improve process efficiency, and enable superior returns. Focus areas include sustainability, energy efficiency, digitalization, and scalable solutions for real estate and construction challenges.

Early-stage to growth-stage (pre-seed, seed, and scale-up)Startups driving transition in real estate and construction through technologysustainability

RoX Health

DE

ROX Health is a digital healthcare innovation studio bridging startups, healthcare systems, and Roche Group to accelerate digital health solutions. By leveraging Roche’s global capabilities and startup agility, ROX validates and scales innovative healthcare models in oncology, neurology, cardiovascular metabolism, and women’s health through real-world pilots and collaborative innovation environments.

Early-to-growth-stage venturesDigital health business modelsAI-driven healthcare platforms

Robert Bosch Venture Capital GmbH

Stuttgart, DE

Robert Bosch Venture Capital GmbH (RBVC) aims to shape the future through investments in innovative technology companies. While the provided content lacks a comprehensive, explicitly stated investment thesis, it's evident that RBVC focuses on supporting companies developing technologies aligned with Bosch's strategic interests, such as automotive, industrial technology, consumer goods, and energy and building technology. The firm seeks to identify and invest in companies with high growth potential and disruptive technologies that can create synergistic opportunities with Bosch's existing businesses. RBVC's strategy involves providing not only financial capital but also access to Bosch's global network, industry expertise, and resources to help portfolio companies scale and succeed. The emphasis appears to be on strategic investments that can generate both financial returns and contribute to Bosch's innovation ecosystem. Their interest in areas like AI, cybersecurity, cloud, energy, and advanced manufacturing suggests a commitment to supporting the digital transformation and sustainability initiatives of Bosch.

Not explicitly mentioned, but based on portfolio companies it appears to be Series A, B and later stages.Artificial IntelligenceCybersecurity

SHS

Tübingen, DE

SHS Capital is a healthcare-dedicated private equity fund based in Tübingen, Germany. Founded in 1993, they focus on investing in fast-growing companies in the healthcare sector with the mission to build European healthcare champions. They provide capital, access to their extensive network built over 30 years, and expertise in market access, reimbursement, marketing/sales, M&A, and exit strategies. SHS invests in innovative companies, including SMEs and scale-up companies, with a preference for those with seven-digit revenues and double-digit growth rates. They are flexible in their investment approach, considering both majority and minority positions. SHS Capital looks for companies with cutting-edge technologies improving healthcare standards, defensible and scalable market positions, and high-performing management teams with innovative mindsets. They aim to support these companies in achieving substantial growth and becoming leaders in their respective fields. The firm emphasizes a collaborative partnership approach, leveraging their deep industry knowledge and network to help portfolio companies navigate the complexities of the healthcare market. SHS Capital's geographic focus is primarily the DACH region (Germany, Austria, Switzerland), the Nordics, and Benelux countries, but they selectively consider opportunities in other European countries. They consider transactions with enterprise values of up to EUR 150 million and typically invest equity tickets in the range of EUR 10-50 million. They seek ways of potential partnerships through their investor site and welcome collaboration with scientists, entrepreneurs, and investors in the healthcare network.

Growth stage, scale-up companiesMedical devicesdiagnostics

SKion GmbH

Wiesbaden, DE

SKion GmbH, founded by Susanne Klatten, is a return-focused and value-based investment company that aims to develop industrial investments across economic, industrial, and technological cycles. The firm focuses on strengthening German and European companies as drivers of innovation, increasing their enterprise values, and contributing to social progress. SKion acts as a strategic sparring partner, guided by the values of family-owned entrepreneurship, offering access to industrial networks and capital. They seek to positively influence the economy, society, and environment beyond company boundaries. SKion prioritizes investments in companies with sustainable competitive advantages, proven management structures, and an integrity-based corporate culture. The firm contributes its expertise, attitude, and networks to shape strategic topics and significantly increase enterprise values in the long term. They value a management culture based on trust and appreciation, providing leeway for leaders to manage their companies in an entrepreneurial, responsible, transparent, and loyal manner. SKion prefers to invest through significant minority stakes (more than 25% of the voting rights) with a corresponding governance structure, focusing on growth financing and succession solutions. Investment opportunities with like-minded entrepreneurial families and investors are of particular interest. The firm's investment horizon extends beyond a decade, emphasizing long-term value creation and a reliable partnership with portfolio companies throughout economic cycles. Geographically, SKion primarily invests in companies from Germany, Austria, Switzerland, the Netherlands, the United Kingdom, and Scandinavia, valuing spatial proximity, accessibility, and personal interaction as fundamental to healthy relationships. They also invest, alongside existing portfolio companies, in smaller water technology businesses. A recent example of their investment strategy is their acquisition of significant parts of the BMZ Group, a leading manufacturer of high-performance battery systems, aiming to expand the business both nationally and internationally by leveraging the technologies and expertise of the employees.

Growth financing, succession solutionsindustrial goods and serviceselectrical engineering

SPYRE PROPTECH VENTURE fund

DE

SPYRE Proptech Venture Fund is an early-stage investing firm focused on fueling hyper-growth for crypto organizations. They provide capital funding, global brand exposure, and deep industry knowledge, leveraging over 10 years of hands-on experience. Their investment philosophy is centered around strategic growth alignment, innovative market leadership, robust network integration, and sustainable investment. They aim to align investments with the long-term vision of portfolio companies, providing tailored support for effective scaling. They seek companies with the potential to become market leaders through innovation and disruption, setting new standards in the crypto and venture capital space. The firm emphasizes the power of networking and collaboration, offering access to industry experts, potential partners, and like-minded entrepreneurs. Finally, SPYRE is committed to responsible investing, supporting companies with strong ethical foundations and long-term sustainability.

early-stagecryptoventure capital

Saxovent

Berlin, DE

Saxovent is an independent, owner-managed investment firm specializing in renewable energy projects and financing solutions for climate change mitigation. Founded in 1997, they operate as a pioneer in wind energy and focus on investing in innovative, climate-friendly projects that have a measurable impact on sustainability. Their strategy involves developing and financing solutions in renewable energy with a global partnership network, emphasizing CO2 reduction. They prioritize economically viable businesses and forward-looking technologies that can make a real difference. Saxovent operates as an Independent Power Producer (IPP), developing and operating their own renewable energy plants.

Not explicitly mentioned, but implies growth stages based on historical project development and financingRenewable EnergyWind Energy

Square One

DE

SquareOne is a venture capital firm that invests in B2B tech entrepreneurs at the pre-seed and seed stages. They focus on entrepreneurs who are deeply committed to solving complex problems in large, expanding markets. Their website highlights a focus on industry expertise, product advising, tech advising, mentorship, and customer connections to provide value beyond capital. The firm appears to take a hands-on approach, assisting portfolio companies with building, connecting, facilitating, and hustling. SquareOne's investment strategy seems centered around identifying and supporting companies developing innovative solutions, often involving deep tech or software, as evidenced by their portfolio. They aim to actively assist their portfolio companies in scaling and navigating the challenges of early-stage growth. The inclusion of veteran mentors and guaranteed connections indicates an emphasis on practical guidance and leveraging a strong network. Their approach to 'squaring ideas' likely encompasses a rigorous evaluation process coupled with active involvement in refining and executing the company's vision. Given the repeated reference to assistance with 'building, hustling, connecting, and facilitating,' SquareOne seems to position itself as an active, operationally-focused investor, rather than solely a provider of capital. The fund invests in startups across various sectors including AI, robotics, cybersecurity, ecommerce, and green technology. They appear to offer a strong network through their industry, product, and tech advisors to help with customer connections and problem-solving.

Pre-seed, SeedB2B techDeep Tech

Start-up BW Innovation Fund (managed by MBG Baden-Württemberg)

DE

MBG Baden-Württemberg, managing the Start-up BW Innovation Fund, focuses on providing flexible financing solutions to small and medium-sized enterprises (SMEs) in Baden-Württemberg. They offer both mezzanine capital and venture capital to facilitate growth, business start-ups, and succession planning. The firm aims to act as a neutral and bank-independent financial partner, providing long-term stable financing instruments through both silent and open participations. MBG actively supports companies through various stages, from seed to Series A and beyond, focusing on increasing the long-term value of the invested companies. MBG emphasizes the importance of maintaining the entrepreneur's freedom in making business decisions, refraining from interfering in the daily operations of the companies they invest. They provide access to a broad network of associations, chambers, and consultants to assist with business model evaluation, entrepreneur preparation, and problem-solving. This network also facilitates the exchange of ideas between established corporations and startups, fostering innovation and offering new perspectives to traditional businesses. The firm aims to strengthen the equity base of companies, primarily through silent participations that are considered economic equity by banks due to their subordinated status in case of insolvency. This can positively influence the company's credit rating. MBG aims to provide a financial structure that offers a solid foundation for entrepreneurial flexibility, enabling companies to remain agile in a dynamic environment with rapidly changing conditions. MBG Baden-Württemberg also takes pride in its ability to link the Old and New Economy, by connecting startups and established companies to foster innovation and new ideas. They emphasize the collaborative nature of their investment approach, combining their long-standing experience in financing and participations with the industry know-how of their clients to successfully implement business plans.

Seed to Series A and beyond

Startup BW Seed Fonds (MBG Baden-Württemberg)

DE

MBG Baden-Württemberg, through its Startup BW Seed Fonds, aims to enable growth, establishment, and succession for businesses in Baden-Württemberg. They provide independent and competent access to new opportunities through Mezzanine-Kapital and Venture Capital. Their approach involves offering stable, long-term financing instruments, expanding companies' liquidity, increasing their economic equity ratio, and improving their credit rating. They focus on supporting companies through various phases, from Seed to Series A, to increase long-term company value. As a bridge between established companies and startups, they facilitate the exchange of new ideas, offering startups access to established businesses and providing established companies access to innovative concepts. They enhance entrepreneurial freedom by not interfering in daily operations while providing access to a strong network of associations, chambers, and advisors for business model evaluation and support.

Seed, Series A

Statkraft Ventures

Düsseldorf, DE
S

Statkraft Ventures invests in outstanding entrepreneurs driving the green energy transition. Leveraging Statkraft’s expertise in renewable energy and energy markets, the firm partners with independent startups to accelerate their growth while maintaining their autonomy. The fund focuses on scalable solutions that contribute to large-scale climate solutions.

Seed, Early, and GrowthEarly-stage and growth-stage startups in energy and climate techwith a focus on software and hardware solutions.

Stormventures

Berlin, DE

Storm Ventures is an early-stage, B2B-focused venture capital firm that specializes in building enterprise leaders. With over 23 years of experience and 200+ investments, they partner with founders across the globe from inception to industry leader. They invest in disruptive B2B software startups with proven success, aiming to unlock growth together with their portfolio companies. Their investment strategy centers around identifying and supporting early-stage B2B software companies with disruptive potential in sectors like artificial intelligence, enterprise infrastructure, cybersecurity, SaaS, HRTech, FinTech and the future of work. The firm actively collaborates with entrepreneurs in residence (EIRs), a global network of go-to-market experts and tech executives, providing insight into investment strategies and guidance to the portfolio. They leverage the diverse expertise of their international team to bridge different communities and help companies go global. Storm Ventures looks for startups that solve critical business problems and have the potential to become industry leaders. They utilize their extensive experience and network to guide founders through the challenges of scaling a B2B software company. By focusing on specific sectors and offering both financial and operational support, Storm Ventures aims to increase the chances of success for its portfolio companies. The firm invests in companies that are building the future of enterprise software, and they aim to be a valuable partner for founders looking to create impactful and lasting businesses.

early stageartificial intelligenceenterprise infrastructure