Founded in 2000 as Holtzbrinck Ventures, the venture arm of the German publishing group Holtzbrinck, before becoming fully independent and rebranding as HV Capital in 2020. It backed much of the first generation of German consumer internet winners.
Seed through growth in German-speaking Europe and beyond, with flagship funds among the largest in Germany.
Consumer internet, e-commerce, fintech, SaaS, climate
Zalando, Delivery Hero, FlixBus, HelloFresh, SumUp, Scalable Capital
Zalando IPO, Delivery Hero IPO, HelloFresh IPO
HV backed a remarkable share of Germany's consumer internet IPOs, Zalando, Delivery Hero and HelloFresh all had HV (then Holtzbrinck Ventures) on the cap table.
| Company | Rounds | Invested |
|---|---|---|
| Advanced Machine Intelligence AI | 1 round, 1 led | $1B |
| Isar Aerospace SpaceTech | 5 rounds, 2 led | $712M |
| FlixMobility Mobility | 1 round | $650M |
| JOKR E-Commerce | 4 rounds | $530M |
| Enpal Energy | 2 rounds, 1 led | $323M |
| CoachHub hr_tech | 3 rounds | $301M |
| FINN Mobility | 2 rounds | $218M |
| solarisBank Fintech | 1 round | $205M |
| Urban Sports Club Consumer | 2 rounds | $188.6M |
| sennder logistics | 1 round | $160M |
| CarOnSale Marketplace | 2 rounds | $141.2M |
| Upvest Fintech | 2 rounds | $137M |
| Storyblok saas_b2b | 2 rounds, 1 led | $127M |
| FMC Hardware | 1 round, 1 led | $116M |
| Exein Cybersecurity | 1 round | $116M |
| Holidu Consumer | 1 round | $100M |
| Framer DevTools | 1 round | $100M |
| Qualifyze saas_b2b | 3 rounds, 1 led | $80M |
| KoRo FoodTech | 2 rounds, 1 led | $75.5M |
| Quantum-Systems Robotics | 1 round, 1 led | $68.7M |
| Quantum Systems Robotics | 1 round, 1 led | $68M |
| Marvel Fusion energy | 1 round | $65.9M |
| Scalable Capital Fintech | 1 round | $65M |
| Habyt PropTech | 2 rounds | $64.8M |
| Inkitt Media | 1 round | $59M |
| Sdui Group EdTech | 4 rounds, 2 led | $56.6M |
| NEURA Robotics Robotics | 1 round | $55M |
| Payrails Fintech | 4 rounds | $52.1M |
| voize Healthtech | 1 round | $50M |
| Midas Fintech | 1 round | $50M |
| Schüttflix Logistics | 1 round | $50M |
| Schuttflix Logistics | 1 round | $50M |
| Tourlane consumer | 2 rounds | $46.3M |
| Spread AI | 2 rounds, 1 led | $46M |
| Agreena Climate | 1 round, 1 led | $46M |
| Limehome PropTech | 1 round | $45M |
| Again climate | 1 round, 1 led | $43M |
| Wellster Healthtech Healthtech | 1 round | $40M |
| Lingokids EdTech | 1 round | $40M |
| Sastrify SaaS B2B | 2 rounds, 1 led | $39M |
| PlusDental Healthtech | 1 round | $37.8M |
| PowerUs HR Tech | 3 rounds, 1 led | $37.6M |
| Zencargo Logistics | 1 round | $35M |
| One Data SaaS B2B | 1 round | $34.6M |
| Flip AI | 1 round, 1 led | $30M |
| Charles SaaS B2B | 2 rounds | $26.4M |
| Roadsurfer Mobility | 1 round, 1 led | $25.9M |
| Dance Mobility | 2 rounds, 1 led | $25M |
| PACT DeepTech | 1 round, 1 led | $20.3M |
| Flinn Healthtech | 1 round | $20M |
| ultimate.ai ai_ml | 1 round | $20M |
| everdrop Consumer | 1 round | $19.4M |
| Rabot Charge energy | 1 round | $18.4M |
| Hades Mining DeepTech | 1 round | $17.4M |
| DELLI marketplace | 3 rounds, 3 led | $16.6M |
| The Icon League Media | 1 round, 1 led | $16.5M |
| felmo Healthtech | 2 rounds | $16.2M |
| Bioniq Healthtech | 1 round, 1 led | $15M |
| peaq web3 | 1 round | $15M |
| Lanch FoodTech | 2 rounds, 1 led | $14M |