# PE firms based in Germany (2026 list) > 354 PE firms based in Germany, 2% active in the last 12 months. Led by TVM Capital, HV Holtzbrinck Ventures, Atlantic. Ranked by what they funded. Source: https://millionrounds.com/lists/pe-firms-based-in-germany (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms based in Germany Updated 7 November 2026 PE firms headquartered in Germany. [See all 354 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-based-in-germany)The top 25 **354** investors on the list No change this week **31** cheques in 12 months Too few cheques to tell **$11M** median round they joined *+41%* against the market median **2%** wrote a cheque in 12 months **3%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (5) - 1 [TVM Capital](https://millionrounds.com/fund/tvm-capital-life-science) quiet Private equity · Germany **81** **$25M** median round **Apr 2024** last seen - 2 [HV Holtzbrinck Ventures](https://millionrounds.com/fund/hv-holtzbrinck-ventures) quiet Private equity · Germany **70** **$11M** median round **Dec 2019** last seen - 3 [Atlantic](https://millionrounds.com/fund/atlantic) *Deploying now* Private equity · Germany **53** **$35M** median round **Oct 2026** last seen - 4 [Global Life Science Ventures](https://millionrounds.com/fund/global-life-science-ventures) quiet Growth equity · Germany **22** **$20M** median round **Jan 2015** last seen - 5 [SAP](https://millionrounds.com/fund/sap) *Deploying now* Growth equity · Germany **18** **$31M** median round **May 2026** last seen - 6 [DVC Deutsche Venture Capital](https://millionrounds.com/fund/dvc-deutsche-venture-capital) dormant Growth equity · Germany **17** **$14M** median round **Oct 2012** last seen - 7 [PolyTechnos Venture-Partners](https://millionrounds.com/fund/polytechnos-venture-partners) dormant Growth equity · Germany **15** **$15M** median round **Oct 2012** last seen - 8 [Astutia Ventures](https://millionrounds.com/fund/arviq-capital-partners) quiet Private equity · Germany **9** **$834K** median round **Aug 2015** last seen - 9 [Digital+ Partners](https://millionrounds.com/fund/digital-partners) quiet Private equity · Germany **9** **$18M** median round **Jul 2021** last seen - 10 [Paragon Partners](https://millionrounds.com/fund/paragon-partners) quiet Private equity · Germany **9** **$1M** median round **Apr 2019** last seen - 11 [dievini Hopp Biotech Holding](https://millionrounds.com/fund/dievini-hopp-biotech-holding) quiet Growth equity · Germany **8** **$32M** median round **Nov 2015** last seen - 12 [BC Brandenburg Capital](https://millionrounds.com/fund/bc-brandenburg-capital) dormant Growth equity · Germany **8** **$5.1M** median round **Jan 2015** last seen - 13 [ECONA AG](https://millionrounds.com/fund/econa) *Deploying now* Private equity · Germany **6** **$4.2M** median round **Nov 2026** last seen - 14 [High Tech Private Equity](https://millionrounds.com/fund/high-tech-private-equity) quiet Private equity · Germany **6** **$22M** median round **Apr 2008** last seen - 15 [Infineon Technologies](https://millionrounds.com/fund/infineon-technologies) quiet Growth equity · Germany **6** **$17M** median round **Mar 2015** last seen - 16 [Aurelia Private Equity](https://millionrounds.com/fund/aurelia-private-equity-gmbh) quiet Growth equity · Germany **5** **$5.1M** median round **Jan 2011** last seen - 17 [Deutsche Beteiligungs](https://millionrounds.com/fund/deutsche-beteiligungs-ag) *Deploying now* Private equity · Germany **4** **$10M** median round **Sept 2026** last seen - 18 [Vorwerk Direct Selling Ventures](https://millionrounds.com/fund/vorwerk-direct-selling-ventures) quiet Growth equity · Germany **4** **$8.8M** median round **Sept 2013** last seen - 19 [CFH Management Gmbh](https://millionrounds.com/fund/cfh-management-gmbh) quiet Private equity · Germany **3** **$18M** median round **Nov 2009** last seen - 20 [FLOOR13](https://millionrounds.com/fund/floor13) quiet Private equity · Germany **3** **$629K** median round **Aug 2013** last seen - 21 [TerraNova VC](https://millionrounds.com/fund/terranova-vc) quiet Growth equity · Germany **3** **$260K** median round **Mar 2013** last seen - 22 [Capmont Technology](https://millionrounds.com/fund/capmont-technology) *Deploying now* Growth equity · Germany **2** **$11M** median round **Jul 2026** last seen - 23 [DEWB](https://millionrounds.com/fund/dewb-ag) quiet Private equity · Germany **2** **$6M** median round **Nov 2013** last seen - 24 [Deutsche Balaton](https://millionrounds.com/fund/deutsche-balaton-aktiengesellschaft) quiet Private equity · Germany **2** **$10M** median round **Sept 2023** last seen - 25 [Fidura Private Equity Fonds](https://millionrounds.com/fund/fidura-private-equity-fonds) quiet Private equity · Germany **2** **$20M** median round **Oct 2008** last seen **329 more on this list** All 354 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%2Fpe-firms-based-in-germany) ## The Newest Cheques Rounds this list's investors joined most recently - **4** Nov **[Amara](https://millionrounds.com/company/amara)** Pre-seed · $4.2M *With* [ECONA AG](https://millionrounds.com/fund/econa) - **23** Oct **[Cygrid](https://millionrounds.com/company/cygrid)** Pre-seed · $3M *Led by* [Atlantic](https://millionrounds.com/fund/atlantic) - **25** Sept **[Vected GmbH](https://millionrounds.com/company/vected-gmbh)** Growth *Led by* [Deutsche Beteiligungs](https://millionrounds.com/fund/deutsche-beteiligungs-ag) - **13** Sept **[Phase0](https://millionrounds.com/company/phase0)** Seed · $3M *With* [Atlantic](https://millionrounds.com/fund/atlantic) - **9** Sept **[Neurent Medical](https://millionrounds.com/company/neurent-medical)** Debt · $29M *With* [Atlantic](https://millionrounds.com/fund/atlantic) - **25** Aug **[Blank Street](https://millionrounds.com/company/blank-street)** Series C · $75M *With* [Atlantic](https://millionrounds.com/fund/atlantic) ## Stages This Year 31 rounds - Series B **19%** - Series C **16%** - Seed **13%** - Series A **10%** - Other **10%** - Other **32%** ## What They Backed Sectors, last 12 months - AI **15** - Fintech **5** - Enterprise Software **4** - Defence Tech **4** - Medical Devices **3** - Aerospace & Space **2** ## Cheques by Quarter Led Joined 4 Q1 25 4 Q2 25 5 Q3 25 6 Q4 25 11 Q1 26 7 Q2 26 8 Q3 26 2 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms based in United States 25,936](https://millionrounds.com/lists/vc-firms-based-in-united-states) - [PE firms based in United States 19,904](https://millionrounds.com/lists/pe-firms-based-in-united-states) - [VC firms based in United Kingdom 2,451](https://millionrounds.com/lists/vc-firms-based-in-united-kingdom) - [VC firms based in China 1,473](https://millionrounds.com/lists/vc-firms-based-in-china) - [VC firms based in India 1,309](https://millionrounds.com/lists/vc-firms-based-in-india) - [VC firms based in Canada 1,211](https://millionrounds.com/lists/vc-firms-based-in-canada) - [VC firms based in Germany 1,186](https://millionrounds.com/lists/vc-firms-based-in-germany) - [PE firms based in United Kingdom 974](https://millionrounds.com/lists/pe-firms-based-in-united-kingdom) - [Incubators and accelerators based in United States 828](https://millionrounds.com/lists/incubators-accelerators-based-in-united-states) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about PE firms based in Germany ### Who are the most active PE firms based in Germany? By cheques observed, the most active are TVM Capital, HV Holtzbrinck Ventures, Atlantic, Global Life Science Ventures and SAP. ### How many PE firms based in Germany are there? 354 are on record. 2% made an investment in the last 12 months and 3% have led a round. ### Which stages do PE firms based in Germany back? Of the rounds with a named stage in the last 12 months, mostly Series B (25%) and Series C (21%). ### How big are the rounds PE firms based in Germany join? The typical (median) round among the leading investors here is $11M. ### Which sectors do PE firms based in Germany back most? In the last 12 months, mostly AI, Fintech and Enterprise Software. ### Which PE firms based in Germany lead the most rounds? HV Holtzbrinck Ventures (5 led), Digital+ Partners (4 led) and TVM Capital (1 led). ### What have PE firms based in Germany invested in recently? Recent rounds include Amara (Pre-seed, Nov 2026, with ECONA AG), Cygrid (Pre-seed, Oct 2026, with Atlantic) and Vected GmbH (Growth, Sept 2026, with Deutsche Beteiligungs). ### How is this list of PE firms based in Germany 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)