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HV Capital

HV Capital

GeneralistMunich, GermanyActiveWebsiteLinkedIn
Stage FocusSeed, Series A, Series B+
GeographyEurope
TypeVC
Last Activity2025
Industry Focus
Industries
AI Infrastructure
Technical BenchLimited
Investor TypeGeneralist
ExposureMinimal DeepTech Investments
Bio

HV Capital (formerly Holtzbrinck Ventures) is Germany's leading VC with €2.8B+ in AUM and Fund IX at €710M. The portfolio of 250+ companies includes Zalando, HelloFresh, Delivery Hero, SumUp, and FlixBus — defining European digital companies.

The focus is explicitly digital businesses: eHealth, industrial marketplaces, insurance tech, and logistics. The firm states directly: "We don't do biotech,...

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