HV Capital
German venture capital firm; participated in Exein's €100M December 2025 round.
HV Capital (hvcapital.com, formerly Holtzbrinck Ventures) is a Munich- and Berlin-based multi-stage European VC firm founded in 2000 — one of Europe's first VC firms. It backs European founders with global ambitions from Seed through growth, via a Venture Fund (Seed/Series A, €0.5M–€10M checks) and a Growth Fund (Series B+, up to €60M initial, up to €100M in follow-ons). The firm reports roughly €2.8 billion in AUM across nine fund generations and 290+ investments.
Overview
- Firm
- HV Capital
- Headquarters
- Munich, Germany
- Founded
- 2000
- AUM
- €2.8B
- Avg. check
- €0.5M–€10M (Venture); up to €60M initial, up to €100M follow-on (Growth)
- Stages
- Seed, Series A, Series B, Growth
- Thesis
- European founders with global ambitions, Seed through growth, treating technical and business complexity as a moat.
Portfolio companies2
Partners0
No linked records yet.
Frequently asked
- What is HV Capital?
- European founders with global ambitions, Seed through growth, treating technical and business complexity as a moat.
- How much does HV Capital manage?
- HV Capital manages €2.8B in assets, and was founded in 2000.
- What stages does HV Capital invest at?
- HV Capital invests at Seed, Series A, Series B, Growth, with typical checks of €0.5M–€10M (Venture); up to €60M initial, up to €100M follow-on (Growth).
Sources & citations2
2 sources behind every claim
Every data point on this record is backed by a cited public source. Request Pro access to see them and verify each claim yourself.