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468 Capital

Venture capital firm; participated in Twentyfour Industries' $11.8M seed round (summer 2025) — its first European defense-tech investment.

468 Capital is a Berlin-based technology investment firm (with a second office in San Francisco) backing entrepreneurs with global ambitions from pre-seed/day-0 through Series A/B, across AI/ML, SaaS, devtools, enterprise, deep tech/hardware, quantum computing, and space tech. It is a generalist deep-tech investor rather than a defense specialist — Twentyfour Industries (summer 2025) marked its first European defense-tech investment specifically.

Overview

Firm
468 Capital
Headquarters
Berlin, Germany
Founded
2020
AUM
Not consistently disclosed as a single figure — a $400M Fund II was reported in January 2022; a third-party aggregator estimate puts cumulative AUM at $1B+ (2023), not independently confirmed by the firm
Stages
Pre-Seed, Seed, Series A, Series B
Thesis
Provide strategic and financial support to entrepreneurs looking to grow their businesses internationally, backing category-defining businesses that bridge the innovation gap between Europe and the US.
X / Twitter
x.com/468capital
Website
468cap.com

Portfolio companies1

Partners5

Frequently asked

What is 468 Capital?
Provide strategic and financial support to entrepreneurs looking to grow their businesses internationally, backing category-defining businesses that bridge the innovation gap between Europe and the US.
How much does 468 Capital manage?
468 Capital manages Not consistently disclosed as a single figure — a $400M Fund II was reported in January 2022; a third-party aggregator estimate puts cumulative AUM at $1B+ (2023), not independently confirmed by the firm in assets, and was founded in 2020.
What stages does 468 Capital invest at?
468 Capital invests at Pre-Seed, Seed, Series A, Series B.

Tags

Sources & citations5

Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.

  1. 1

    468 Capital's positioning, HQ, founding year.

    LinkedIn: 468 Capital company page
    Verified2026-08-09
  2. 2

    468 Capital raised a $400 million Fund II, closed January 2022.

    Businesswire: 468 Capital Raises $400 Million Fund II
    Verified2022-01-31
  3. 3

    468 Capital's first European defense-tech investment was Twentyfour Industries.

    tech.eu: Lakestar-backed German drone maker Twentyfour Industries emerges from stealth
    Verified2026-01-19
  4. 4

    468 Capital's stage/sector focus and check-size convention.

    VC Sheet: 468 Capital fund profile
    Verified2026-08-09
  5. 5

    468 Capital's founders' backgrounds (ex-Rocket Internet, ex-Global Founders Capital, ex-D2iQ/Mesosphere CEO).

    Axios: 468 Capital raises $400 million to back European startups
    Verified2022-01-31