HV Capital portfolio

HV Capital has 24 portfolio companies on record at Recent Funding, with 5 investments in the last 12 months.

Website: hvcapital.com.

X: @HV_Capital.

Type: Venture capital.

Portfolio on Recent Funding: 24.

Deals, last 12 months: 5.

Rounds led: 17 of 40.

Capital in their rounds: $2.18B.

Latest deal: Rivercell · Oct 7, 2026.

About this page

It is a venture capital firm based in Munich, Bavaria, DE, founded in 1999. It led 17 of the 40 rounds it joined. Its most recent investment on record is Rivercell's $25M Seed round in October 2026, which it led, alongside Alven, Bpifrance Digital Venture and HCVC. By category, its portfolio leans toward Health and bio (8) and Education (7). It has co-invested with redalpine, HTGF and Sequoia, most often redalpine (4 rounds).

About HV Capital

Firm type: Venture capital.

Headquarters: Munich, Bavaria, DE.

Founded: 1999.

Stages: Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage.

Sectors: AI & Machine Learning, Consumer, Deep Tech, Defense Tech, E-commerce, Fintech, Robotics, SaaS, Sector Agnostic, Space Tech.

Check size: $540K to $54M.

Leads rounds: No.

Portfolio companies: 27.

Exits: 2.

Rounds led: 29.

What HV Capital invests in

HV Capital recent investments

Company	Round	Date	Alongside
RRivercell	Seed · $25M · lead	Oct 7, 2026	Alven, Bpifrance Digital Venture, HCVC
EExein	Series B+ · $270M	Sep 15, 2026	Goldman Sachs, Headline (lead), European Investment Bank Group +10
FFlinn	Series A · $20M · lead	Feb 23, 2026	Cherry Ventures, Speedinvest, Bertelsmann Healthcare Investments +1
EExein	Series B+ · $117M	Dec 18, 2025	Geodesic Capital, Blue Cloud Ventures (lead), J.P. Morgan +1
Vvoize	Series A · $50M	Nov 17, 2025	redalpine, Balderton Capital (lead), Y Combinator
SSdui	Series B+ · $70M	Jul 1, 2025	HTGF, Bain Capital (lead)
PPayrails	Series A · $32M · lead	Jun 13, 2025	General Catalyst, Andreessen Horowitz, EQT Ventures
NNabla	Series B+ · $70M · lead	Jun 1, 2025	Highland Europe, DST Global, Build Collective +1

How HV Capital invests

Stage	Deals	Capital in rounds
Series B+	22 55%	$1.61B
Series A	14 35%	$535.77M
Seed	4 10%	$38M

Year	Deals	Capital in rounds
2017	1 3%	$4M
2018	3 8%	$33M
2019	5 13%	$212.5M
2020	3 8%	$33.27M
2021	5 13%	$689M
2022	2 5%	$47M
2023	3 8%	$76M
2024	7 18%	$283.5M
2025	8 20%	$486M
2026	3 8%	$315M

HV Capital portfolio companies

RRivercell$25MSeed · Oct 2026
EExein$270MSeries B+ · Sep 2026
FFlinn$20MSeries A · Feb 2026
Vvoize$50MSeries A · Nov 2025
SSdui$70MSeries B+ · Jul 2025
PPayrails$32MSeries A · Jun 2025
NNabla$70MSeries B+ · Jun 2025
Ddoinstruct$18MSeries A · Mar 2025
NNEURA Robotics$120MSeries B+ · Jan 2025
KKoRo$38.5MSeries B+ · Nov 2024
TTourlane$26MSeries B+ · Nov 2024
QQualifyze$54MSeries B+ · Sep 2024
AAgain$43MSeries A · Jul 2024
SStoryblok$80MSeries B+ · Jun 2024
RRabot Charge$19MSeries A · Jan 2024
JJOKR$260MSeries B+ · Dec 2021
IInkitt$59MSeries B+ · Oct 2021
LLingokids$40MSeries B+ · Jun 2021
SSennder$160MSeries B+ · Jan 2021
IImmo$3.27MSeries A · May 2020
FFlankbacker
AAMI Labsbacker
TTzafonbacker
Nn8nbacker

Company	Round with HV Capital	Total raised	Latest raise
RRivercell Foundation models and research	Oct 7, 2026 Seed · $25M · lead	$25M	Oct 7, 2026 Seed
EExein AI agents	Sep 15, 2026 Series B+ · $270M	$494.12M	Sep 15, 2026 Series B+
FFlinn Health and bio	Feb 23, 2026 Series A · $20M · lead	$21.91M	Feb 23, 2026 Series A
Vvoize Voice and audio AI	Nov 17, 2025 Series A · $50M	$59.5M	Nov 17, 2025 Series A
SSdui Education	Jul 1, 2025 Series B+ · $70M	$121M	Jul 1, 2025 Series B+
PPayrails Stablecoins	Jun 13, 2025 Series A · $32M · lead	$46.4M	Jul 13, 2026 Series A
NNabla Health and bio	Jun 1, 2025 Series B+ · $70M · lead	$109M	Jun 1, 2025 Series B+
Ddoinstruct HR and recruiting	Mar 18, 2025 Series A · $18M · lead	$18M	Mar 18, 2025 Series A
NNEURA Robotics Health and bio	Jan 15, 2025 Series B+ · $120M	$192M	Jun 11, 2026 Series B+
KKoRo Health and bio	Nov 20, 2024 Series B+ · $38.5M	$45.57M	Nov 20, 2024 Series B+
TTourlane Logistics and mobility	Nov 14, 2024 Series B+ · $26M	$128M	Nov 14, 2024 Series B+
QQualifyze Legal and compliance	Sep 10, 2024 Series B+ · $54M	$58M	Sep 10, 2024 Series B+
AAgain Climate and energy	Jul 17, 2024 Series A · $43M · lead	$56.34M	Jul 17, 2024 Series A
SStoryblok Sales and marketing	Jun 4, 2024 Series B+ · $80M	$138M	Jun 4, 2024 Series B+
RRabot Charge Climate and energy	Jan 1, 2024 Series A · $19M · lead	$69M	Oct 15, 2026 Series B+
JJOKR Commerce and retail	Dec 2, 2021 Series B+ · $260M	$480M	Sep 20, 2023 Series B+
IInkitt Data and analytics	Oct 5, 2021 Series B+ · $59M	$115.9M	Feb 27, 2024 Series B+
LLingokids Education	Jun 15, 2021 Series B+ · $40M	$174M	Sep 17, 2025 round
SSennder Logistics and mobility	Jan 1, 2021 Series B+ · $160M	$483.7M	Nov 11, 2026 round
IImmo Fintech	May 22, 2020 Series A · $3.27M	$157.77M	Apr 12, 2022 Series B+
FFlank AI agents	backer · source	$10M	Jul 9, 2025 Series A
AAMI Labs Foundation models and research	backer · source	undisclosed	Jul 7, 2026 Seed
TTzafon	backer	$9.7M	Jul 30, 2025 Pre-seed
Nn8n AI coding and devtools	backer	$252M	Oct 9, 2025 Series B+

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Health and bio).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 40 rounds on Recent Funding that name HV Capital. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists HV Capital, which is a subset of its real portfolio. API: /api/v1/investors/hv-capital (get a free API key). More: the most active VC firms and new venture capital funds.