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Heartfelt Capital

DEGBFRESITPLIEATDKPTEEUSOtherB2B SaaSAI/MLFintechHealthtechClimateDevtoolsCybersecurityConsumerMarketplacesDeep TechBio/PharmaEnterpriseOther

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Investment thesis

Heartfelt Capital positions itself as Europe's First Cheque Fund — the first institutional investor for exceptional founders building transformative companies across Europe and the US. The team is passionate about helping founders go from 0 to 1 and achieving product-market fit, writing initial cheques of €100–400k either solo or alongside other early backers, with follow-on capacity for subsequent rounds. With a team of 9 full-time investment professionals and over 300 startups backed across the prior decade (including N26, DeepL, Colossyan, Charles, Greenlyte, getquin, and Qualifyze), Heartfelt leverages deep networks of entrepreneurs, investors, mentors, and corporate partners — anchored by Axel Springer and Porsche — to give portfolio companies access to corporate Europe as potential customers and partners.

Notable quotes

As venture capitalists, we are very much focused on people. We are the exact opposite of Warren Buffet when he says he tries to invest in businesses that are so wonderful that a monkey could run them. Humans run companies, and humans have different dreams, desires, plans, and agendas. We invest in people and try to help them achieve their potential.

Jörg Rheinboldt · VCLeaders / Medium — 'For us, it's all about humans, humans, humans' · 2021-06-10

After months of tireless dedication, Henric and I are thrilled to announce that our venture capital fund, HEARTFELT_, is officially here. Axel Springer and Porsche, the shareholders of and key players in the success of APX, showed immense faith in our vision by agreeing to be our anchor investors.

Jörg Rheinboldt · LinkedIn post — Heartfelt Fund first closing announcement · 2023-05-22

We are with founders in good and in bad times. I sometimes compare our role to that of journalists: we need a certain distance to report on things. But our role is more active at times — we switch between different support modes quite often: sometimes supporters by connecting, sometimes the governance body that helps with strategic initiatives.

Jörg Rheinboldt · Joerg's Substack Newsletter — First Closing Update

Recent investments

CompanyRoundSizeDate
N26Pre-seed/Seed
DeepLPre-seed/Seed
QualifyzePre-seed/Seed
getquinSeed$13m
GreenlytePre-seed/Seed
ColossyanPre-seed/Seed
GraftcodePre-seed$2m2026-04-14
ZelaraSeed2026-06-01
Cato AIPre-seed$2m2026-04
IqanaPre-seed$1m2026-02-19

Frequent co-investors

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