Germany · Investor

HV Capital

Last cheque observed Oct 2026; 166 cheques on record.

Deploying nowNew fund $12M, May 2026VC firm

SeedSeries AAIEnterprise_softwareDeep_tech

Deploying now
67%of best year30cheques in 12 months, 166 on record
Since the last cheque16days00hrs00min00sec
Median round$20MRounds led8 of 166Sole investor9 roundsExits2 from the portfolioMostly inGermany, 56%
Pitch HV Capital

HV Capital highlights

  1. 01

    30 cheques in the last 12 months

  2. 02

    Mostly Series A and Venture: 51% of its rounds

  3. 03

    Sole investor in 9 rounds, median $4.8M

  4. 04

    2 exits from the portfolio

What they do

We provide the capital and conviction to help founders build it.From their own website
Type
VC firm (from a list, unverified)
Cheque size
From $200K as they say
Stages
SeedSeries A
Sectors
AIEnterprise_softwareDeep_tech
Based in
Munich, Germany
Cold pitches
Not stated

The record

Every round we can evidence, newest first166 appearances

  1. 2026

    22 rounds

  2. Oct
    Rabot EnergySeries B · DE · DTCF DeepTech & Climate Fonds$50MWith 8 others
  3. Oct
    HadrianSeries B · NL · Smartfin$40MWith 5 others
  4. Sept
    ExeinGrowth · IT · eCapital Entrepreneurial Partners$270MWith 16 others
  5. Aug
    Ore EnergySeries A · NL · Firms' own news pages$43MLed
  6. Aug
    FlipVenture · US$25MWith 3 others
  7. Jul
    FleekSeries B · GB · Ventureburn$25MWith 7 others
  8. Jul
    Quantum SystemsSeries D · DE · TechStartups$1.2BWith 12 others
  9. Jul
    HelloFreshDebt · DE$398MWith 1 other
  10. Jun
    Isar AerospaceSeries D · DE · Ventureburn$312MWith 8 others
  11. Jun
    FINNSeries D · DE · Firms' own news pages$113MWith 11 others
  12. May
    Fifth Dimension AISeries A · GB$26MWith 4 others
  13. Apr
    SPREAD AISeries B · DE$29MWith 3 others
  14. Mar
    UpvestGrowth · DE · TechStartups$125MWith 5 others
  15. Mar
  16. Mar
    AMI LabsFR · TechCrunch$1.0BLed
  17. Mar
    UpvestSeries D · DE$90MWith 4 others
  18. Mar
    Wellster Healthtech GroupDebt · DE$12MWith 2 others
  19. Feb
    Flinn.aiSeries A · AT · Ventureburn$20MLed
  20. Feb
    ComplyanceSeries A · TechCrunch$20MWith 6 others
  21. Feb
    Hades MiningSeed · DE$18MWith 3 others
  22. Feb
    QontextPre-seed · DE$2.7MWith 1 other
  23. Feb
    Quantum SystemsDebt · DE$178MWith 3 others
  24. 2025

    45 rounds

  25. Dec
    LimehomeVenture · DE$88MWith 2 others
  26. Dec
    FleekVenture · USUndisclosedWith 3 others
  27. Nov
    voizeSeries A · DE · Silicon Canals$50MWith 3 others
  28. Nov
    AcurastCH · Ventureburn$11MWith 6 others
  29. Nov
    FMCSeries C · DE · Silicon Canals$116MLed
  30. Nov
  31. Nov
    Ferroelectric Memory CompanySeries C · DE$89MWith 4 others
  32. Nov
    The Icon LeagueSeries A · DE$17MSole investor
  33. Oct
    PACTSeries A · GB$21MWith 2 others
  34. Sept
    Bitlight LabsSeed · US$9.6MWith 3 others
  35. Sept
    MondooSeries A · US$18MWith 2 others
  36. Sept
    LingokidsVenture · ES$120MWith 4 others
  37. Sept
    PraxiPalSeed · DE$6.7MWith 1 other
  38. Sept
    feld.energySeed · DE$12MWith 3 others
  39. Aug
    FramerSeries D · NL · Crunchbase News$100MWith 8 others
  40. Aug
    TzafonPre-seed · US$3.0MWith 2 others
  41. Jul
    ARX RoboticsSeries A · DE$13MWith 4 others
  42. Jul
    Rabot EnergyVenture · DEUndisclosedWith 2 others

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 registration19 named

ACAlison CreedAlternate Director Hv Holtzbrinck Ventures Fund IV GP LimitediForm ADV
AWAndreas WisserManaging Director of the General Partner and the Managing Limited PartneriFiling they signed
CWChristian Wilhelm SallerManaging Director of the Managing Limited PartneriFiling they signed
CJChristoph JungManaging Director of the Managing Limited PartneriFiling they signed
CCCostas ConstantinidesDirector of Hv Holtzbrinck Ventures GP Lux S.À R.L.iForm ADV
DBDalia BleyerDirector of Hv Holtzbrinck Ventures GP Lux S.Á R.L.iForm ADV
DBDaniel BerteleManaging Director of the Managing Limited PartneriFiling they signed
DJDavid Jacek KuczekManaging Director of the Managing Limited PartneriFiling they signed
DJDavid Jacek KuzcekManaging Director of the Managing Limited PartneriFiling they signed
DCDr. Christian Wilhelm SallerManaging Director of the Managing Limited PartneriFiling they signed
EMErique MvaloDirector of Hv Holtzbrinck Ventures Fund IV GP LimitediForm ADV
GLGary LeattAlternate Director of Hv Holtzbrinck Ventures Fund IV GP LimitediForm ADV
HKHeiko Kottkamp-RamannManaging Director of the General Partner and the Managing Limited PartneriFiling they signed
MWMartin Wilhelm WeberManaging Director of the Managing Limited PartneriFiling they signed
NANadia Assaadi-IrtizaaliDirector of Hv Holtzbrinck Ventures Fund IV GP LimitediForm ADV
RTRainer Thomas MarkleManaging Director of the Managing Limited PartneriFiling they signed
RTRainer Thomas MaerkleManaging DirectoriForm ADV
RERashid EjazDirector of Hv Holtzbrinck Ventures GP Lux S.À R.L.iForm ADV
SCSimon Charles Armstrong KingDirector of Hv Holtzbrinck Ventures Fund IV GP LimitediForm ADV

We also hold 24 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

$4.8Bgross assets of its funds, 2 advisers combinedOct 2026
10+funds on filenumbered funds in its name
Exemptreporting adviserventure or small private funds
Legal name
HV Capital Adviser GMBH
SEC number
CRD 163955

Who backs their funds

1 LP on record in HV Capital's funds

Funds
1

The institutions that put money into its funds, which the firm then invests in companies.Source: an LP list.

Exits from the portfolio

Companies it backed that were later bought or listed2 in all

NamshiBought by Noon$335MAug 2022
NamshiBought by Emaar Malls PJSC$151MMay 2017

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

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

Recently backed

The latest companies HV Capital put money into.

Mentioned on podcasts

Episodes that name HV Capital in their description, not their title.

Quick answers about HV Capital

What does HV Capital invest in?

HV Capital invests most often at Series A and Venture (51% of the rounds on record), in sectors such as AI, Enterprise_software and Deep_tech.

How active is HV Capital?

166 investments on record, 30 of them in the last 12 months, and it led 8. The most recent was in Oct 2026.

What has HV Capital invested in recently?

Its most recent investments on record: Rabot Energy (Series B, Oct 2026), Hadrian (Series B, Oct 2026) and Exein (Growth, Sept 2026).

How big are HV Capital's cheques?

The median round it joins is $20M.

Does HV Capital lead rounds?

Sometimes: it led 8 of its 166 investments on record (5%).

Where does HV Capital invest?

Most of the companies it backs are in Germany (56%), the United States (13%) and the Netherlands (8%).

Is HV Capital investing now?

Yes: it is actively investing, with 30 investments in the last 12 months.

Who does HV Capital invest alongside?

Most often Speedinvest (11 rounds together), Picus Capital (10 rounds together) and Vsquared Ventures (8 rounds together).

Raising now?

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it