30 Best Active Investors in Munich in 2024

In the vibrant investment landscape of Munich, certain names stand out, consistently identifying and supporting groundbreaking ventures. As we journey into 2024, we've compiled a list of the top investors in Munich, showcasing those who've demonstrated exceptional acumen, vision, and commitment to fostering innovation in the region.


This list is the result of tracking investment activity across +2,500 venture capital investors in Europe, and only includes funds that have invested in at least 5 startups in Munichin the past 12 months (not just investors with offices in Munich). Whether you're an experienced founder who have raised capital in the past or you're fundraising for the first time, our curated list of the top Munich VCs in 2024 will be tremendously helpful in your journey.


Last update to the database: Sep 24, 2024. See changelog.


Icon Investor Rankings are calculated using our Seedtable Score – a 1 to 100 score that uses quantitative and qualitative data points (like the size of their fund or the quality of the companies they invested in) to signal the strength behind an investor. A score closer to 100 indicates an investor is worth watching closely.

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List of 30 top Munich VCs

HV Capital, based in Munich, is a venture capital firm that helps founders grow their businesses. They invest in early to late-stage companies with check sizes ranging from $500,000 to $100 million. HV Capital supports startups in industries such as health tech, fintech, AI, and mobility, backing companies like Scalable Capital and Isar Aerospace. Their goal is to provide funding and guidance to help companies succeed in competitive markets.

49

Offices:

Berlin

Munich (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Series E, Series F, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Munich:

CarOnSale (
60)
, CoachHub (
60)
, Depop (
60)

Earlybird Venture Capital, based in Berlin, invests in European tech startups at various stages, from seed to series A and beyond, with check sizes from $500,000 to $10 million. Their focus areas include biotech, fintech, and AI. Notable investments include Quantum Diamonds and Isar Aerospace. Earlybird provides financial backing and guidance to help startups grow and succeed in a competitive market.

43

Offices:

Paris

Berlin (HQ)

Munich

London

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Series E, Series F, Unknown

Check Size:

$100k - $500M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Munich:

FintechOS (
70)
, Oviva (
60)
, Payhawk (
60)

Hi Inov is a venture capital fund based in Lyon that invests in Series A startups focused on business-to-business solutions. They target fields such as data, AI, and the future of work, with investments ranging from $250k to $5M. Notable investments include Agorapulse, Kenjo, Acodis, and Cumul.io. Hi Inov aims to empower companies revolutionizing business processes and driving efficiency in areas like business intelligence, identity management, and media and entertainment.

40

Offices:

Paris

Munich

Lyon (HQ)

Investment Stage:

Series A

Check Size:

$10M - $20M

Industries:

AI, Machine Learning, Legal Tech

Top investments in Munich:

Agorapulse (
44)
, Kenjo (
44)
, Acodis (
37)

Ventech is a venture capital fund based in Paris, investing in early to growth-stage companies with checks ranging from €100,000 to €5 million. They focus on industries such as ecommerce, fintech, AI, and health tech. Notable investments include einwert, mediarithmics, and Leocare. Ventech aims to support businesses in the digital economy with funding, guidance, and resources for growth.

39

Offices:

Helsinki

Paris (HQ)

Munich

Investment Stage:

Seed, Series A, Series B, Series C, Series D, Series E, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Munich:

InterCloud (
60)
, Vestiaire Collective (
60)
, Reveal (
56)

ProSiebenSat.1 Media is a venture capital fund based in Munich, focusing on later-stage investments in Sportstech and Fitness companies. They have backed firms like Urban Sports Club. Leveraging their expertise in entertainment and digital consumer brands, ProSiebenSat.1 uses advertising to gain shares in young digital companies. Their strategy combines TV reach and advertising power to build successful digital consumer brands, supported by 7,000 employees.

38

Offices:

Munich

Investment Stage:

Series D

Check Size:

$250M - $500M

Industries:

Sportstech, Fitness

Top investments in Munich:

Urban Sports Club (
60)

Speedinvest is a venture capital fund based in Vienna, investing in tech startups from pre-seed to Series C stages. They typically write checks between €700,000 and €3 million. Focusing on industries like fintech, health tech, ecommerce, and AI, their portfolio includes companies such as Sona, Sylvera, and Curve. Speedinvest provides early financial support and guidance to help startups thrive in competitive markets.

37

Offices:

Paris

Berlin

Munich

Vienna (HQ)

London

Investment Stage:

Angel, Pre Seed, Seed, Series A, Series B, Series C, Unknown

Check Size:

$100k - $1B

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Munich:

planqc (
71)
, Billie (
60)
, CoachHub (
60)

SYSTEMIQ is a venture capital fund based in London. It invests in early-stage and growth-stage companies in sectors such as climate tech, biotech, and manufacturing. The fund supports businesses developing impactful technologies and sustainable solutions, backing companies like ZeroAvia and Qualis Flow. SYSTEMIQ aims to drive significant changes toward a more sustainable and efficient future.

37

Offices:

Munich

Amsterdam

London (HQ)

Investment Stage:

Series A, Series B, Unknown

Check Size:

$100k - $30M

Industries:

Climate Tech & Green Tech, Govtech, AI

Top investments in Munich:

ZeroAvia (
60)
, Circulor (
52)
, Nature Metrics (
48)

Target Global is a venture capital fund based in Berlin that invests in tech companies at all stages, from pre-seed to series D. Their focus includes gaming, fintech, and health tech, among other sectors. They have backed companies like Travel Perk, Finom, Rapyd, Lepaya, and Cazoo. Target Global supports startups and established businesses with growth potential, offering flexible check sizes for diverse investment opportunities.

36

Offices:

Berlin (HQ)

Munich

Amsterdam

London

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Unknown

Check Size:

$100k - $1B

Industries:

Health Tech, Edtech, Fintech

Top investments in Munich:

Badi (
60)
, Fresha (
60)
, Omio (
60)

btov Partners is a venture capital fund based in Berlin, investing in early-stage startups through seed and series funding rounds. Their investments range from €250,000 to €10 million across sectors like fintech, health tech, AI, and climate tech. The fund has supported companies such as SumUp, Volocopter, and Urban Sports Club, adopting both a generalist and industrial focus to help diverse businesses succeed.

35

Offices:

Berlin (HQ)

Munich

Zürich

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Series E, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Munich:

SumUp (
78)
, Urban Sports Club (
60)
, AI21 Labs (
56)

Sanno Capital, based in Munich, is a venture capital fund that supports founders building the future. They focus on cutting-edge technology and aim to foster growth and innovation. Notable investments include Konux. Their approach emphasizes collaboration and a long-term vision for their portfolio companies.

35

Offices:

Munich (HQ)

Investment Stage:

Unknown

Check Size:

$100M - $250M

Industries:

AI, Internet of Things

Top investments in Munich:

Konux (
56)

Astutia Ventures is a venture capital fund based in Munich. For over 10 years, they have invested in early-stage startups with strong growth potential in sectors like ecommerce, developer tools, cloud services, and consumer goods. They provide funding, an international network, and industry expertise to support early-stage growth. Notable investments include Commercetools.

35

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Munich:

No data available

Astutia Ventures is a venture capital fund based in Munich. For over 10 years, they have invested in early-stage startups with strong growth potential in sectors like ecommerce, developer tools, cloud services, and consumer goods. They provide funding, an international network, and industry expertise to support early-stage growth. Notable investments include Commercetools.

35

Offices:

Munich

Munich

Investment Stage:

Seed

Check Size:

$1M - $2.5M

Industries:

CPG & Consumer Goods, Ecommerce, Developer Tools

Top investments in Munich:

Commercetools (
56)

SIXT is a venture capital fund based in Munich, focusing on investments in the mobility and transportation sectors, particularly during the Series F funding stage. They invest between $500k and $10M, with notable investments such as Blacklane. SIXT aims to advance mobility solutions through their industry expertise and customer focus. They support growth in car rental, car sharing, ride-hailing, and car subscriptions. Through a single app, SIXT provides access to a wide range of vehicles and drivers globally, integrating services from various partners to create a sustainable mobility network.

35

Offices:

Munich

Investment Stage:

Series F

Check Size:

$40M - $50M

Industries:

Mobility & Transportation

Top investments in Munich:

Blacklane (
56)

ESG, a Munich-based venture capital fund, focuses on seed-stage investments, primarily supporting startups in artificial intelligence and drone technology. Notable investments include Quantum Systems. With over 50 years of experience, ESG specializes in developing and maintaining complex systems for security and defense, serving both public sector and industry clients. They offer tailored products across air, land, and sea domains and are a certified aviation company for the German Bundeswehr, holding multiple EASA certifications. Their mission is driven by an independent engineering spirit and deep expertise to create global security solutions.

35

Offices:

Munich

Investment Stage:

Seed

Check Size:

$10M - $20M

Industries:

AI, Drones

Top investments in Munich:

Quantum Systems (
56)

Forbion Capital Partners is a venture capital fund based in Amsterdam. They invest in early to later-stage companies in the biotech, health tech, and pharmaceutical sectors, with investments ranging from $250k to $5 million. Notable investments include SynOx Therapeutics and Calluna Pharma. Forbion Capital Partners focuses on supporting businesses developing new medical treatments and technologies.

33

Offices:

Munich

Amsterdam (HQ)

Singapore

Investment Stage:

Seed, Series A, Series B, Series C, Unknown

Check Size:

$10M - $250M

Industries:

Health Tech, Biotech, Deep Tech

Top investments in Munich:

Pheon Therapeutics (
70)
, Achilles Therapeutics (
60)
, Complement Therapeutics (
60)

10x Group is a venture capital fund based in Munich, investing in early-stage and growth startups since 2007. Founded by Andreas Etten, Andrej Henkler, Felix Haas, Jan Becker, and Robert Wuttke, they support ambitious teams in Europe and Silicon Valley. They focus on data, AI, and robotics sectors and have backed startups like Quantum Systems and Wandelbots. With over 150 active investments, including more than 50 in Silicon Valley, 10x Group offers extensive support through their network and experience, providing valuable resources and connections for various venture stages.

33

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Munich:

No data available

10x Group is a venture capital fund based in Munich, investing in early-stage and growth startups since 2007. Founded by Andreas Etten, Andrej Henkler, Felix Haas, Jan Becker, and Robert Wuttke, they support ambitious teams in Europe and Silicon Valley. They focus on data, AI, and robotics sectors and have backed startups like Quantum Systems and Wandelbots. With over 150 active investments, including more than 50 in Silicon Valley, 10x Group offers extensive support through their network and experience, providing valuable resources and connections for various venture stages.

33

Offices:

Munich

Munich

Investment Stage:

Seed, Series A

Check Size:

$10M - $20M

Industries:

AI, Deep Tech, Drones

Top investments in Munich:

Quantum Systems (
56)
, Wandelbots (
48)

MIG Capital is a venture capital fund based in Munich, focusing on Series A and B stages. They invest in sectors such as semiconductors, manufacturing, health tech, biotech, IoT, and AI. Since 2004, MIG Capital has supported around 50 companies with over 650 million euros. Their current portfolio includes 30 businesses such as HawkCell, Innatera, and Konux. MIG Capital aims to turn visionary ideas into valuable enterprises through strategic financing across Europe.

31

Offices:

Munich (HQ)

Investment Stage:

Series A, Series B

Check Size:

$5M - $70M

Industries:

Health Tech, AI, Biotech

Top investments in Munich:

Konux (
56)
, SciRhom (
53)
, HawkCell (
48)

Hitachi Ventures, the venture capital arm of Hitachi Group, is based in Munich and focuses on early-stage investments. They support startups tackling technological, social, and environmental challenges in sectors like biotech, data and analytics, manufacturing, and energy. With a first fund of USD 150 million, they invest in seed and Series A rounds. Hitachi Ventures helps portfolio companies leverage Hitachi's global market presence and network for growth. Notable investments include Cure51 and WASE.

31

Offices:

Munich

Investment Stage:

Seed, Series A, Series D

Check Size:

$20M - $100M

Industries:

Health Tech, AI, Biotech

Top investments in Munich:

Huma (
60)
, WASE (
44)
, Cure51 (
44)

Senovo is a venture capital fund based in Munich, focusing on early-stage Series A investments. They typically invest between $1 million and $5 million in sectors like proptech, ecommerce, and media. Notable investments include Holidu and quantilope. Senovo specializes in supporting B2B SaaS companies to help them scale.

30

Offices:

Berlin

Munich (HQ)

Investment Stage:

Series A

Check Size:

$5M - $10M

Industries:

Adtech, Proptech & Real Estate, Travel Tech

Top investments in Munich:

Holidu (
56)
, Dive (
46)
, quantilope (
41)

SevenVentures, based in Munich, is a venture capital fund focusing on Series D investments in the Ecommerce and Foodtech sectors. Rather than traditional cash investments, they provide advertising time on ProSiebenSat.1’s TV channels to help companies grow their brands through media exposure. Notable investments include Motatos. Benefiting from ProSiebenSat.1’s extensive reach, they assist young digital companies in expanding and succeeding through media leverage.

30

Offices:

Munich

Investment Stage:

Series D

Check Size:

$50M - $70M

Industries:

Foodtech, Ecommerce

Top investments in Munich:

Motatos (
48)

UVC Partners, a Munich-based venture capital fund, supports Europe's early-stage B2B tech startups with investments ranging from €500K to €10M. Their focus includes sectors such as AI, fintech, mobility, and green tech. They aim to help young companies grow and make a significant impact in their industries. With a track record of investing in firms like tacto and Isar Aerospace, UVC Partners actively shapes the future of technology and business.

28

Offices:

Berlin

Munich (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Edtech, Fintech

Top investments in Munich:

planqc (
71)
, Proxima Fusion (
63)
, tacto (
60)

BayBG Venture Capital, based in Munich, invests in growth-stage companies. The fund typically allocates between $0 and $5 million. BayBG focuses on ecommerce, software tools for developers, cloud technologies, and consumer goods. They seek to support companies with strong growth potential. Notable investments include Commercetools. BayBG offers straight equity investments to help businesses expand.

28

Offices:

Munich (HQ)

Investment Stage:

Series A

Check Size:

$5M - $10M

Industries:

CPG & Consumer Goods, AI, Video

Top investments in Munich:

Commercetools (
56)
, StoryBox (
33)

Primepulse is a venture capital fund based in Munich, specializing in AI and robotics companies at the series C stage. It supports medium-sized tech firms with capital and entrepreneurial expertise. Notable investment includes Neura Robotics. Primepulse aims to foster sustainable innovations and is backed by founders and managers of CANCOM SE, an MDAX-listed company.

28

Offices:

Munich

Investment Stage:

Series C

Check Size:

$100M - $250M

Industries:

AI, Robotics

Top investments in Munich:

Neura Robotics (
44)

Twip Impact Ventures is a venture capital fund based in Munich, focused on early-stage startups in energy, nuclear, and sales/marketing sectors. The fund partners with businesses to assist in growth and software development, providing crucial early financial support. Twip Impact Ventures has invested in companies like Caeli Wind.

28

Offices:

Munich

Investment Stage:

Seed

Check Size:

$2.5M - $5M

Industries:

Energy & Nuclear, Sales and Marketing

Top investments in Munich:

Caeli Wind (
44)

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Munich:

No data available

Offices:

Munich (HQ)

Munich (HQ)

Investment Stage:

Seed, Series A, Series B, Series C, Series D, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Fintech

Top investments in Munich:

Iwoca (
87)
, Mambu (
60)
, Hublo (
52)

10x Founders is a venture capital fund based in Munich, investing in early-stage European startups. They provide funding from pre-seed to Series B rounds, with checks ranging from $0 to $3 million. Focused on industries like fintech, AI, and health tech, they have backed companies such as cylib, Floy, and Blobr. Supported by over 200 entrepreneurs and angel investors, 10x Founders leverages its network to help founders grow and succeed.

26

Offices:

Munich (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series B, Unknown

Check Size:

$100k - $70M

Industries:

Climate Tech & Green Tech, Health Tech, Fintech

Top investments in Munich:

Blobr (
48)
, cylib (
48)
, Raus (
48)

Picus Capital, a venture capital fund based in Munich, invests in companies from pre-seed to Series D stages. Known for its long-term investment approach, Picus Capital focuses on industries such as technology, biotech, fintech, and real estate. They support businesses with varying check sizes, offering the financial backing needed for growth. Notable portfolio companies include Vega, Silverflow, Napo, Flawless, and Niko.

26

Offices:

Munich (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Munich:

Billie (
60)
, Enpal (
60)
, FINN (
56)

BMW i Ventures is a venture capital fund based in Munich. They invest in companies specializing in manufacturing, energy, climate tech, AI, and related advanced technologies. Their focus is on businesses aligning with BMW's technological and service objectives. Notable investments include Ionity, Motorway, and DeepDrive. BMW i Ventures supports businesses at various stages, from seed to series C, particularly in electric vehicles and mobility.

26

Offices:

Munich (HQ)

San Francisco

Investment Stage:

Seed, Series A, Series B, Series C, Unknown

Check Size:

$5M - $1B

Industries:

Climate Tech & Green Tech, Hardware, AI

Top investments in Munich:

Motorway (
60)
, Ionity (
46)
, Kinexon (
46)