# Who Invests With HV Capital: 85 Co-Investors (2026)

> The 85 investors that have backed two or more of the same startups as HV Capital, by kind: vc firms, corporate investors and private equity and asset managers.

Source: https://millionrounds.com/portfolio-maps/hv-capital-co-investors (Millionrounds; every figure on the page links to its filing or article)

## VC firms

66

- [Holtzbrinck Ventures](https://millionrounds.com/fund/holtzbrinck-ventures)
- [Speedinvest](https://millionrounds.com/fund/speedinvest)
- [Picus Capital](https://millionrounds.com/fund/picus-capital)
- [Lakestar](https://millionrounds.com/fund/lakestar)
- [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures)
- [Balderton Capital](https://millionrounds.com/fund/balderton-capital)
- [EQT Ventures](https://millionrounds.com/fund/eqt-ventures)
- [Global Founders Capital](https://millionrounds.com/fund/global-founders-capital)
- [Insight Partners](https://millionrounds.com/fund/insight-venture-partners)
- [Partech Ventures](https://millionrounds.com/fund/partech)
- [Headline](https://millionrounds.com/fund/headline)
- [468 Capital](https://millionrounds.com/fund/468-capital)
- [Earlybird Venture Capital](https://millionrounds.com/fund/earlybird)
- [DN Capital](https://millionrounds.com/fund/dn-capital)
- [Creandum](https://millionrounds.com/fund/creandum)
- [Tengelmann Ventures](https://millionrounds.com/fund/tengelmann-ventures)
- [Heartcore Capital](https://millionrounds.com/fund/heartcore-capital)
- [Cherry Ventures](https://millionrounds.com/fund/cherry-ventures)
- [Redalpine](https://millionrounds.com/fund/redalpine)
- [RTP Global](https://millionrounds.com/fund/rtp-global)
- [Rocket Internet](https://millionrounds.com/fund/rocket-internet-6)
- [Project A Ventures](https://millionrounds.com/fund/project-a)
- [Accel](https://millionrounds.com/fund/accel)
- [10x Founders](https://millionrounds.com/fund/10x-founders)

+42 more

## Corporate investors

6

- [Deutsche Bank](https://millionrounds.com/fund/deutsche-bank)
- [Bosch Ventures](https://millionrounds.com/fund/bosch-ventures)
- [Protocol Labs](https://millionrounds.com/fund/protocol-labs)
- [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)
- [Coinbase Ventures](https://millionrounds.com/fund/coinbase)
- [Google Ventures](https://millionrounds.com/fund/gv)

## Private equity and asset managers

6

- [HV Holtzbrinck Ventures](https://millionrounds.com/fund/hv-holtzbrinck-ventures)
- [BlackRock](https://millionrounds.com/fund/blackrock)
- [KfW Capital](https://millionrounds.com/fund/kfw-capital)
- [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford)
- [Summit Partners](https://millionrounds.com/fund/summit-partners)
- [Claret Capital Partners](https://millionrounds.com/fund/claret-capital-partners)

## Government funds

4

- [European Investment Bank](https://millionrounds.com/fund/european-investment-bank)
- [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator)
- [IBB Ventures](https://millionrounds.com/fund/ibb-ventures)
- [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc)

## Accelerators

3

- [Y Combinator](https://millionrounds.com/fund/y-combinator)
- [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- [Google for Startups](https://millionrounds.com/fund/google-for-startups)

## Segment by segment

### VC firms

66 investors

- [**Holtzbrinck Ventures**](https://millionrounds.com/fund/holtzbrinck-ventures) VC firm Germany 11 backed
- [**Speedinvest**](https://millionrounds.com/fund/speedinvest) VC firm Austria 9 backed
- [**Picus Capital**](https://millionrounds.com/fund/picus-capital) VC firm Germany 8 backed
- [**Lakestar**](https://millionrounds.com/fund/lakestar) VC firm Switzerland 6 backed
- [**Vsquared Ventures**](https://millionrounds.com/fund/vsquared-ventures) VC firm Germany 6 backed
- [**Balderton Capital**](https://millionrounds.com/fund/balderton-capital) VC firm United Kingdom 6 backed
- [**EQT Ventures**](https://millionrounds.com/fund/eqt-ventures) VC firm Sweden 6 backed
- [**Global Founders Capital**](https://millionrounds.com/fund/global-founders-capital) VC firm Germany 5 backed

### Corporate investors

6 investors

- [**Deutsche Bank**](https://millionrounds.com/fund/deutsche-bank) Corporate investor Germany 3 backed
- [**Bosch Ventures**](https://millionrounds.com/fund/bosch-ventures) Corporate investor Germany 3 backed
- [**Protocol Labs**](https://millionrounds.com/fund/protocol-labs) Corporate investor United States 3 backed
- [**Salesforce Ventures**](https://millionrounds.com/fund/salesforce-ventures) Corporate investor United States 2 backed
- [**Coinbase Ventures**](https://millionrounds.com/fund/coinbase) Corporate investor United States 2 backed
- [**Google Ventures**](https://millionrounds.com/fund/gv) Corporate investor United States 2 backed

### Private equity and asset managers

6 investors

- [**HV Holtzbrinck Ventures**](https://millionrounds.com/fund/hv-holtzbrinck-ventures) Private equity Germany 17 backed
- [**BlackRock**](https://millionrounds.com/fund/blackrock) Asset manager United States 3 backed
- [**KfW Capital**](https://millionrounds.com/fund/kfw-capital) Fund of funds Germany 2 backed
- [**Baillie Gifford**](https://millionrounds.com/fund/baillie-gifford) Asset manager United Kingdom 2 backed
- [**Summit Partners**](https://millionrounds.com/fund/summit-partners) Private equity United States 2 backed
- [**Claret Capital Partners**](https://millionrounds.com/fund/claret-capital-partners) Investor United Kingdom 2 backed

### Government funds

4 investors

- [**European Investment Bank**](https://millionrounds.com/fund/european-investment-bank) Government fund Luxembourg 4 backed
- [**EIC Accelerator**](https://millionrounds.com/fund/eic-accelerator) Government fund European Union 4 backed
- [**IBB Ventures**](https://millionrounds.com/fund/ibb-ventures) Government fund Germany 3 backed
- [**International Finance Corporation**](https://millionrounds.com/fund/international-finance-corporation-ifc) Government fund United States 2 backed

### Accelerators

3 investors

- [**Y Combinator**](https://millionrounds.com/fund/y-combinator) Accelerator United States 5 backed
- [**Plug and Play**](https://millionrounds.com/fund/plug-and-play) Accelerator United States 4 backed
- [**Google for Startups**](https://millionrounds.com/fund/google-for-startups) Accelerator United States 2 backed

**How this map is made.** Every investor here has backed two or more of the same startups as HV Capital, in rounds we track. Grouped by kind, each ranked by how many startups it shares with HV Capital. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Portfolio map **HV Capital portfolio map** 80 startups · $13B](https://millionrounds.com/portfolio-maps/hv-capital-portfolio-map)[Sector portfolio **HV Capital's AI portfolio** 25 startups · $6.8B](https://millionrounds.com/portfolio-maps/hv-capital-ai-portfolio)[Co-investors **Who invests with Global Founders Capital** 197 co-investors](https://millionrounds.com/portfolio-maps/global-founders-capital-co-investors)[Co-investors **Who invests with Cherry Ventures** 77 co-investors](https://millionrounds.com/portfolio-maps/cherry-ventures-co-investors)[Co-investors **Who invests with Earlybird Venture Capital** 74 co-investors](https://millionrounds.com/portfolio-maps/earlybird-co-investors)[Co-investors **Who invests with Point Nine Capital** 70 co-investors](https://millionrounds.com/portfolio-maps/point-nine-capital-co-investors)

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