# Investors based in Munich (2026 list) > 408 investors based in Munich, 9% active in the last 12 months. Led by Wellington Partners, HV Capital, Picus Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-munich (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Munich Updated 7 November 2026 Firms with an address in Munich. A head office is a fact about the firm; where it invests is on its own page. [See all 408 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-munich)The top 25 **408** investors on the list No change this week **207** cheques in 12 months *+4%* against the market **$10M** median round they joined *+31%* against the market median **9%** wrote a cheque in 12 months **8%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (15) - 1 [Wellington Partners](https://millionrounds.com/fund/wellington-partners) *Deploying now* VC firm · Germany **180** **$33M** median round **Jun 2026** last seen - 2 [HV Capital](https://millionrounds.com/fund/hv-capital) *Deploying now* VC firm · Germany **166** **$20M** median round **Oct 2026** last seen - 3 [Picus Capital](https://millionrounds.com/fund/picus-capital) *Deploying now* VC firm · Germany **159** **$10M** median round **Nov 2026** last seen - 4 [Siemens](https://millionrounds.com/fund/siemens) *Deploying now* Corporate VC · Germany **140** **$135M** median round **Oct 2026** last seen - 5 [Acton Capital](https://millionrounds.com/fund/acton-capital) *Deploying now* VC firm · Germany **101** **$14M** median round **Jul 2026** last seen - 6 [TVM Capital](https://millionrounds.com/fund/tvm-capital-life-science) quiet Private equity · Germany **81** **$25M** median round **Apr 2024** last seen - 7 [Possible Ventures](https://millionrounds.com/fund/possible-ventures) *Deploying now* VC firm · Germany **76** **$4.2M** median round **Oct 2026** last seen - 8 [HV Holtzbrinck Ventures](https://millionrounds.com/fund/hv-holtzbrinck-ventures) quiet Private equity · Germany **70** **$11M** median round **Dec 2019** last seen - 9 [Holtzbrinck Ventures](https://millionrounds.com/fund/holtzbrinck-ventures) quiet VC firm · Germany **64** **$13M** median round **Jun 2019** last seen - 10 [Hitachi Ventures](https://millionrounds.com/fund/hitachi-ventures) *Deploying now* Corporate VC · Germany **59** **$31M** median round **Oct 2026** last seen - 11 [10x Founders](https://millionrounds.com/fund/10x-founders) *Deploying now* VC firm · Germany **56** **$6.7M** median round **Sept 2026** last seen - 12 [42CAP](https://millionrounds.com/fund/42cap) *Deploying now* VC firm · Germany **56** **$4.8M** median round **Oct 2026** last seen - 13 [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) *Deploying now* VC firm · Germany **53** **$17M** median round **Nov 2026** last seen - 14 [Target Partners](https://millionrounds.com/fund/target-partners) quiet VC firm · Germany **44** **$6M** median round **Jun 2016** last seen - 15 [Tengelmann Ventures](https://millionrounds.com/fund/tengelmann-ventures) quiet VC firm · Germany **42** **$10M** median round **Aug 2019** last seen - 16 [Matterwave Ventures](https://millionrounds.com/fund/matterwave-ventures) *Deploying now* VC firm · Germany **38** **$7.8M** median round **Sept 2026** last seen - 17 [BayBG](https://millionrounds.com/fund/baybg) quiet VC firm · Germany **27** **$36M** median round **Dec 2018** last seen - 18 [Leblon Capital](https://millionrounds.com/fund/leblon-capital) *Deploying now* VC firm · Germany **27** **$9.8M** median round **Sept 2026** last seen - 19 [MIG Capital](https://millionrounds.com/fund/mig-capital) *Deploying now* VC firm · Germany **23** **$16M** median round **Nov 2025** last seen - 20 [Alstin Capital](https://millionrounds.com/fund/alstin-capital) *Deploying now* VC firm · Germany **16** **$14M** median round **Oct 2026** last seen - 21 [Holtzbrinck Digital](https://millionrounds.com/fund/holtzbrinck-digital) dormant Corporate VC · Germany **11** **$33M** median round **Sept 2019** last seen - 22 [Munich Venture Partners](https://millionrounds.com/fund/munich-venture-partners) quiet VC firm · Germany **11** **$7.8M** median round **Nov 2015** last seen - 23 [Allianz X](https://millionrounds.com/fund/allianz-x) *Deploying now* Corporate VC · Germany **9** **$176M** median round **Oct 2026** last seen - 24 [Astutia Ventures](https://millionrounds.com/fund/arviq-capital-partners) quiet Private equity · Germany **9** **$834K** median round **Aug 2015** last seen - 25 [Digital+ Partners](https://millionrounds.com/fund/digital-partners) quiet Private equity · Germany **9** **$18M** median round **Jul 2021** last seen **383 more on this list** All 408 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-munich) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Kabilio](https://millionrounds.com/company/kabilio)** $11M *Led by* [Picus Capital](https://millionrounds.com/fund/picus-capital) - **5** Nov **[Quint Computing](https://millionrounds.com/company/quint-computing)** Series A · $10M *Led by* [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) - **5** Nov **[VÆRIDION](https://millionrounds.com/company/v-ridion)** Series A · $34M *With* [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) - **4** Nov **[Oghma](https://millionrounds.com/company/oghma)** Other · $563K *Led by* [Caesar.](https://millionrounds.com/fund/caesar-ventures) - **3** Nov **[CyberKord](https://millionrounds.com/company/cyberkord)** Pre-seed · $3M *With* [Purpose Capital](https://millionrounds.com/fund/purpose-capital-2) - **3** Nov **[Tumbleweed](https://millionrounds.com/company/tumbleweed)** Seed · $7.7M *With* [Vanagon Ventures](https://millionrounds.com/fund/vanagon) ## Stages This Year 189 rounds - Series A **24%** - Seed **20%** - Venture **15%** - Series B **10%** - Growth **6%** - Other **25%** ## What They Backed Sectors, last 12 months - AI **78** - Energy **19** - Healthcare **18** - Fintech **13** - Manufacturing **12** - Software **10** ## Cheques by Quarter Led Joined 55 Q1 25 57 Q2 25 53 Q3 25 55 Q4 25 61 Q1 26 41 Q2 26 50 Q3 26 32 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in London 4,496](https://millionrounds.com/lists/investors-based-in-london) - [Investors based in CA 3,746](https://millionrounds.com/lists/investors-based-in-ca) - [Investors based in NY 3,658](https://millionrounds.com/lists/investors-based-in-ny) - [Investors based in WA 2,473](https://millionrounds.com/lists/investors-based-in-wa) - [Investors based in San Francisco 2,377](https://millionrounds.com/lists/investors-based-in-san-francisco) - [Investors based in TX 2,250](https://millionrounds.com/lists/investors-based-in-tx) - [Investors based in Dubai 1,922](https://millionrounds.com/lists/investors-based-in-dubai) - [Investors based in Los Angeles 1,261](https://millionrounds.com/lists/investors-based-in-los-angeles) - [Investors based in Chicago 1,255](https://millionrounds.com/lists/investors-based-in-chicago) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Munich ### Who are the most active investors based in Munich? By cheques observed, the most active are Wellington Partners, HV Capital, Picus Capital, Siemens and Acton Capital. ### How many investors based in Munich are there? 408 are on record. 9% made an investment in the last 12 months and 8% have led a round. ### Which stages do investors based in Munich back? Of the rounds with a named stage in the last 12 months, mostly Series A (30%) and Seed (25%). ### How big are the rounds investors based in Munich join? The typical (median) round among the leading investors here is $14M. ### Which sectors do investors based in Munich back most? In the last 12 months, mostly AI, Energy and Healthcare. ### Which investors based in Munich lead the most rounds? HV Capital (8 led), Picus Capital (5 led) and Acton Capital (5 led). ### What have investors based in Munich invested in recently? Recent rounds include Kabilio (Nov 2026, with Picus Capital), Quint Computing (Series A, Nov 2026, with Vsquared Ventures) and VÆRIDION (Series A, Nov 2026, with Vsquared Ventures). ### How is this list of investors based in Munich ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)