Investor profile
HV Capital
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HV Capital backs exceptional founders building market-leading digital companies, supporting them from seed stage through to exit. Founded in 2000, the firm has over €2.8 billion under management and has invested in approximately 250 companies across Europe, enabling more than 100,000 jobs. HV leads early-stage rounds from €0.5–10m, growth-stage investments of up to €60m, and follow-on investments of up to €100m per company, making it one of the few European VCs able to finance startups through all growth phases. HV Capital's investment philosophy centres on long-term partnership and deep operational involvement. The firm targets key sectors including fintech, B2B/SaaS, mobility, consumer marketplaces, healthtech, climate tech, and AI. Fund IX (€710m, 2023) is split into 'Fund IX Venture' and 'Fund IX Growth' vehicles targeting companies from Seed to Series D and beyond, and is an SFDR Article 8 fund with explicit ESG commitments including 33% female C-suite representation across the portfolio.
Notable quotes
“We back entrepreneurs with daring visions from seed stage to exit.”
“Being able to seize the opportunities we see, with the smartest people we know, in setups we can create, is an absolute privilege we must honor each day. We are committed to making the best of this privilege for our founders, our investors, our ecosystem and the world.”
“I hope I can be a partner and resource to the founder, especially when the going gets tough – which it always does.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Zalando | Seed | — | 2008 |
| Delivery Hero | Early Stage | — | 2011 |
| HelloFresh | Early Stage | — | 2012 |
| FlixBus | Early Stage | — | 2013 |
| SumUp | Early Stage | — | 2013 |
| Scalable Capital | Growth | $65m | 2023-12 |
| Enpal | Growth | — | 2021 |
| Sennder | Series B | — | 2018 |
| Isar Aerospace | Series D | $5m | 2026-06 |
| Agreena | Seed | — | 2023 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Accel | 8 |
| Balderton Capital | 7 |
| Index Ventures | 6 |
| Sequoia Capital | 5 |
| Northzone | 4 |
| Atomico | 4 |
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