# 468 Capital: portfolio, investments and team

> 468 Capital is a vc firm based in Germany. 133 investments on record, 17 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/468-capital (Millionrounds; every figure on the page links to its filing or article)

Germany · [Investor](https://millionrounds.com/investors)

# 468 Capital

Last cheque observed Oct 2026; 133 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A Software Subscription Llm

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Deploying now

**39%** of best year **17** **cheques in 12 months**, 133 on record

Since the last cheque **5** days **00** hrs **00** min **00** sec

Median round **$5.5M** Cheque size, as they say **$100K – $100M** Rounds led **3 of 133** Sole investor **13 rounds** Mostly in **United States, 55%**

Pitch 468 Capital

## 468 Capital highlights

- 01 17 cheques in the last 12 months
- 02 Mostly Seed and Venture: 67% of its rounds
- 03 Sole investor in 13 rounds, median $3.4M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $100M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Software Subscription Llm
- **Based in:** Berlin, Germany
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **133 appearances**

- **2026** 14 rounds
- **Oct** **[Paradev](https://millionrounds.com/company/paradev)** Seed · US · Google News search **$12M** With 10 others
- **Oct** **[Firstwork](https://millionrounds.com/company/firstwork)** Series A · US · Bharat Fast **$15M** With 7 others
- **Oct** **[NOVUS](https://millionrounds.com/company/novus)** DE · Tech.eu **Undisclosed** *Led*
- **Aug** **[Andromeda Surgical](https://millionrounds.com/company/andromeda-surgical)** Series A · US **$15M** With 3 others
- **Jul** **[ARC Intelligence](https://millionrounds.com/company/arc-intelligence)** Seed · DE **$4.6M** With 2 others
- **Apr** **[Cata](https://millionrounds.com/company/cata)** Seed · SG **$5.3M** With 4 others
- **Apr** **[Astor](https://millionrounds.com/company/astor)** Seed · US **$5.0M** With 3 others
- **Mar** **[Tools for the Commons](https://millionrounds.com/company/tools-for-the-commons)** Pre-seed · BR · LatamList **$1.9M** With 8 others
- **Feb** **[Autosana](https://millionrounds.com/company/autosana)** Seed · US **$3.2M** With 4 others
- **Feb** **[Kombo](https://millionrounds.com/company/kombo)** Series A · DE **$25M** With 1 other
- **Feb** **[Standard Bots](https://millionrounds.com/company/standard-bots)** Venture · US **Undisclosed** With 4 others
- **Jan** **[Poetiq](https://millionrounds.com/company/poetiq)** Seed · Ventureburn **$46M** With 7 others
- **Jan** **[metergrid](https://millionrounds.com/company/metergrid)** Series A · DE · SET Ventures **$12M** With 5 others
- **Jan** **[Twentyfour Industries](https://millionrounds.com/company/twentyfour-industries)** Seed · DE **$12M** With 2 others
- **2025** 41 rounds
- **Dec** **[Ghost Security](https://millionrounds.com/company/ghost-security)** Seed · US **$5.0M** With 3 others
- **Nov** **[OneLot](https://millionrounds.com/company/onelot)** Seed · PH · TechStartups **$3.3M** *Led*
- **Nov** **[Relixir](https://millionrounds.com/company/relixir)** Seed · US **$2.0M** With 2 others
- **Oct** **[Adam](https://millionrounds.com/company/adam)** Seed · US · TechCrunch **$4.1M** With 8 others
- **Oct** **[Pave Bank](https://millionrounds.com/company/pave-bank)** Series A · GE · TechStartups **$39M** With 5 others
- **Oct** **[Pangolin](https://millionrounds.com/company/pangolin)** Seed · US **$4.7M** With 3 others
- **Oct** **[AstroForge](https://millionrounds.com/company/astroforge)** Venture · US **$216K** With 4 others
- **Oct** **[Vulcan](https://millionrounds.com/company/vulcan)** Seed · US **$11M** With 4 others
- **Sept** **[Motion](https://millionrounds.com/company/motion)** Series C · US · TechCrunch **$38M** With 8 others
- **Sept** **[Motion](https://millionrounds.com/company/motion)** Series C · US **$8.1M** With 4 others
- **Sept** **[Terra One](https://millionrounds.com/company/terra-one)** Debt · DE **$177M** With 2 others
- **Sept** **[Area 2 Farms](https://millionrounds.com/company/area-2-farms)** Venture · US **$9.0M** With 4 others
- **Sept** **[Albacore](https://millionrounds.com/company/albacore)** Seed · US **$6.5M** With 5 others
- **Sept** **[Cata](https://millionrounds.com/company/cata)** Seed · SG **$3.1M** With 3 others
- **Aug** **[SRE.ai](https://millionrounds.com/company/sre-ai)** Seed · TechCrunch **$7.2M** With 4 others
- **Aug** **[BlindPay](https://millionrounds.com/company/blindpay)** Seed · BR · LatamList **$3.3M** With 7 others
- **Aug** **[Alaan](https://millionrounds.com/company/alaan)** Series A · AE · TechCrunch **$48M** With 8 others
- **Jul** **[Apolink](https://millionrounds.com/company/apolink)** Seed · US · TechCrunch **$4.3M** With 7 others
- **Jul** **[Lyra](https://millionrounds.com/company/lyra)** Seed · US **$6.0M** With 4 others
- **Jul** **[Yuno](https://millionrounds.com/company/yuno)** Series A · DE **$8.3M** With 1 other
- **Jun** **[Jua](https://millionrounds.com/company/jua)** Series A · CH **$11M** With 3 others
- **Jun** **[Ostrom](https://millionrounds.com/company/ostrom)** Series B · DE **$23M** With 3 others
- **Apr** **[HoneyHive](https://millionrounds.com/company/honeyhive)** Seed · US · AlleyWatch **$7.4M** With 7 others
- **Apr** **[Gale](https://millionrounds.com/company/gale)** Seed · US **$2.7M** With 3 others
- **Apr** **[Wasp](https://millionrounds.com/company/wasp)** Seed · HR **$3.7M** With 2 others
- **Mar** **[PhilosopherKing](https://millionrounds.com/company/philosopherking)** Seed · US **$3.0M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **1 named**

FL **Florian Leibert** Managing Member i Form ADV

We also hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$657M** gross assets of its funds Oct 2026

**2+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** 468 Management GMBH
- **SEC number:** CRD 310214

## The cheque

Pre-seed Seed Series A

Median round joined **$5.5M** the round, not its cheque Alone, median **$3.4M**

Led 3 of 133 rounds **2%**

- **Said size:** $100K – $100M
- **Sole investor:** 13 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed said *66*
- Venture *21*
- Series A said *21*
- Pre-seed said *12*
- Series B said *6*
- Series C *3*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Y Combinator](https://millionrounds.com/fund/y-combinator) 38
- [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) 15
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 10
- [Global Founders Capital](https://millionrounds.com/fund/global-founders-capital) 7
- [Transpose Platform Management](https://millionrounds.com/fund/transpose-platform-management) 6
- [BoxGroup](https://millionrounds.com/fund/boxgroup) 5

**Pitching 468 Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as 468 Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Y Combinator** Accelerator **38** rounds together](https://millionrounds.com/fund/y-combinator)[**Pioneer Fund** Private equity **15** rounds together](https://millionrounds.com/fund/pioneer-fund-2)[**Alumni Ventures** VC firm **10** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Global Founders Capital** VC firm **7** rounds together](https://millionrounds.com/fund/global-founders-capital)[**Transpose Platform Management** VC firm **6** rounds together](https://millionrounds.com/fund/transpose-platform-management)[**BoxGroup** VC firm **5** rounds together](https://millionrounds.com/fund/boxgroup)[**General Catalyst** VC firm **5** rounds together](https://millionrounds.com/fund/general-catalyst)[**HV Capital** VC firm **5** rounds together](https://millionrounds.com/fund/hv-capital)[**IBB Ventures** Government **5** rounds together](https://millionrounds.com/fund/ibb-ventures)[**Andreessen Horowitz** VC firm **4** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Earlybird Venture Capital** VC firm **4** rounds together](https://millionrounds.com/fund/earlybird)[**Lakestar** VC firm **4** rounds together](https://millionrounds.com/fund/lakestar)

## Recently backed

The latest companies 468 Capital put money into.

[**NOVUS** Oct 2026](https://millionrounds.com/company/novus)[**Andromeda Surgical** $15M · Aug 2026](https://millionrounds.com/company/andromeda-surgical)[**ARC Intelligence** $4.6M · Jul 2026](https://millionrounds.com/company/arc-intelligence)[**Cata** $5.3M · Apr 2026](https://millionrounds.com/company/cata)[**Astor** $5.0M · Apr 2026](https://millionrounds.com/company/astor)[**Tools for the Commons** $1.9M · Mar 2026](https://millionrounds.com/company/tools-for-the-commons)

## Quick answers about 468 Capital

### What does 468 Capital invest in?

468 Capital invests most often at Seed and Venture (67% of the rounds on record), in sectors such as Software, Subscription and Llm.

### How active is 468 Capital?

133 investments on record, 17 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

### What has 468 Capital invested in recently?

Its most recent investments on record: Paradev (Seed, Oct 2026), Firstwork (Series A, Oct 2026) and NOVUS (Oct 2026).

### How big are 468 Capital's cheques?

The median round it joins is $5.5M. It says it writes cheques of $100K to $100M.

### Does 468 Capital lead rounds?

Sometimes: it led 3 of its 133 investments on record (2%).

### Where does 468 Capital invest?

Most of the companies it backs are in the United States (55%), Germany (21%) and Singapore (5%).

### Is 468 Capital investing now?

Yes: it is actively investing, with 17 investments in the last 12 months.

### Who does 468 Capital invest alongside?

Most often Y Combinator (38 rounds together), Pioneer Fund (15 rounds together) and Alumni Ventures (10 rounds together).

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