What has HV Capital invested in recently?

Recent investments include Hadrian Security B. V., Exein S.p.A and Flip GmbH. It made 19 investments in the last 12 months.

Where is HV Capital based?

HV Capital is headquartered in Munich, Germany. It has 1 other office.

How do I contact HV Capital?

Partner names, emails and LinkedIn profiles for HV Capital are on the Capital Atlas Pro and Team plans, which also draft outreach and track replies. Check the stages and cheque size above first, so you pitch a firm that fits your round.

HV Capital

Venture Capital FirmMunich, GermanyFounded 2000hvcapital.com

Est. dry powder

$323.6M

Raised, not yet invested

AUM

$3.2B

Assets under management

Latest fund

$375.8M

Holtzbrinck Ventures Fund VII

Est. cheque size

$2.8M–$27.3M

From fund sizes

Deals, last 12 months

Last seen investing Oct 2026

About HV Capital

Holtzbrinck Ventures is a Munich and Berlin-based venture capital firm that looks to invest in early stage and seed companies. Holtzbrinck focuses on internet-oriented businesses, acting as the lead or co-investor across various regions.

Type: Venture Capital Firm
Headquarters: Munich, Germany
Stages: AngelSeedSeries ASeries BSeries CSeries DSeries ESeries F+2
Est. cheque size: $2.8M–$27.3M
Sectors: Information Technology, Telecoms & Media, Diversified, Financial & Insurance Services, Business Services
Regions: Europe
Strategies: Pre-Seed, Seed, Series A, Growth

Where they invest

From deals and portfolio companies on record

Most frequent rounds

Series A128
Seed89
Series B81
Series C48
Series D22

Across 488 deals

Portfolio sectors

Software42
Internet9
Financial Services8
Healthcare IT3
Travel & Leisure3

Across 236 companies

Portfolio countries

Germany67
UK9
Netherlands5
US4
Denmark3

Across 236 companies

Recent investments

Newest 5 of 488

Oct 2026
Hadrian Security B. V.
Oct 2026 · Series B
Series B$40MForgepoint, Smartfin, Picus Capital, Motive Partners +1
Sep 2026
Exein S.p.A
Sep 2026 · Series C
Series C$313.5MGoldman Sachs Asset Management, Sofina, Headline, Balderton Capital +9
Aug 2026
Flip GmbH
Aug 2026 · Unspecified Round
Unspecified Round$25.6MNotion Capital, L-Bank
Aug 2026
Ore Energy B.V.
Aug 2026 · Series A
Series A$43MPlural, Positron Ventures
Jul 2026
Fleek Commerce Inc.
Jul 2026 · Series B
Series B$25MAndreessen Horowitz, Y Combinator, H14, FJ Labs +3

Offices

2 locations

Munich, GermanyHQ
Berlin, Germany

Questions about HV Capital

How much does HV Capital invest per deal?

Based on the size of its funds, HV Capital writes estimated cheques of $2.8M–$27.3M. Lead cheques usually sit at the top of that range and follow-on cheques lower.

What stages does HV Capital invest in?

HV Capital has invested at Angel, Seed, Series A, Series B, Series C and Series D. Its most frequent rounds on record are Series A, Seed and Series B.

How much capital does HV Capital have left to invest?

HV Capital has an estimated $323.6M in dry powder: capital it has raised but not yet invested.

Similar investors in Europe

Index VenturesUK · Cheque $2.5M–$30M$4B dry powder Balderton CapitalUK · Cheque $4.9M–$34.5M$936.4M dry powder Sofinnova Partners