15 Best Active Series D Investors in Munich in 2025

In the vibrant investment landscape of Munich, certain names stand out, consistently identifying and supporting groundbreaking ventures. As we journey into 2025, 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 2025 will be tremendously helpful in your journey.


Last update to the database: Dec 9, 2025. 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 15 top Munich VCs

HV Capital is a venture capital and private equity firm in Müchen Bayern.

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:

Quantum Systems (
71)
, sennder (
65)
, CarOnSale (
60)

Germany-based venture capital firm focused on European tech startups.

43

Offices:

Berlin (HQ)

Munich

London

Paris

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)
, sennder (
65)
, Oviva (
60)

A venture capital firm in France that focuses on the software, Software-as-a-Service, mobile, FinTech, Internet of Things, E-Commerce, technology, telecommunications and media sectors in Europe and Mainland China

40

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Munich:

No data available

A venture capital firm in France that focuses on the software, Software-as-a-Service, mobile, FinTech, Internet of Things, E-Commerce, technology, telecommunications and media sectors in Europe and Mainland China

40

Offices:

Paris (HQ)

Helsinki

Munich

Paris (HQ)

Helsinki

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)
, Reveal (
56)
, Prewave (
52)

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)

Target Global is a venture capital firm that invests in financial, health, and education technology companies.

37

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Munich:

No data available

Target Global is a venture capital firm that invests in financial, health, and education technology companies.

37

Offices:

Berlin (HQ)

London

Amsterdam

Munich

Berlin (HQ)

London

Amsterdam

Munich

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:

TravelPerk (
70)
, Flink (
70)
, Zego (
65)

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 (
74)
, Urban Sports Club (
60)
, AI21 (
56)

Dutch venture capital firm investing on companies in the life sciences industry.

34

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Munich:

No data available

Dutch venture capital firm investing on companies in the life sciences industry.

34

Offices:

Amsterdam (HQ)

Munich

Singapore

Amsterdam (HQ)

Munich

Singapore

Investment Stage:

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

Check Size:

$10M - $250M

Industries:

Health Tech, Biotech, Deep Tech

Top investments in Munich:

Pheon Therapeutics (
70)
, F2G (
63)
, Achilles Therapeutics (
60)

Hitachi Ventures looks for the best solutions to address the world's technical, social and environmental challenges

31

Offices:

Munich

Investment Stage:

Seed, Series A, Series C, Series D

Check Size:

$20M - $250M

Industries:

Health Tech, AI, Biotech

Top investments in Munich:

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

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)

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 (
83)
, Hublo (
52)
, Mambu (company) (
52)

Picus Capital is an venture capital firm focused on early-stage internet companies. It was founded in 2015 and is located in Munich, Germany.

27

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)
, Casavo (
60)
, Enpal (
60)