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Picus Capital

USDEGBFRNLESITCHSEINSGAEOtherFintechAI/MLClimateHealthtechCybersecurityB2B SaaSEnterpriseMarketplaces

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Investment thesis

Picus Capital is a privately financed, early-stage technology investment firm with a long-term philosophy, partnering with exceptional founders from Pre-Seed through Series A — and following on through IPO and beyond. The firm focuses on energy & climate, fintech, enterprise infrastructure & cybersecurity, generative AI, and healthcare, backing daring technology companies that challenge the status quo and build global category leaders over 5–10+ years. Picus's unique, privately-financed structure frees it from fund lifecycle constraints, enabling it to invest in any founder, idea, or geography that excites the team. Beyond capital, Picus acts as a lifelong entrepreneurial sparring partner, providing industry and functional expertise, HR support, internationalization guidance, and access to a global network of top-tier investors and customers.

Notable quotes

To prepare for fundraising, entrepreneurs should thoroughly think about the key make-or-break points of their business. From the very first day of starting Picus together with Alex and Jeremias, I saw what we are building not as an investment firm, but instead as an investment startup.

Robin Godenrath · EU-Startups interview · 2021-04

It's extremely important for us to be able to imagine that the founders can find top people and build great teams. A large and growing market is important to us, so it's worthwhile to continue investing — and these must be software and technology, including industries such as fintech, proptech, or HR-tech.

Robin Godenrath · Munich Startup interview · 2021

Picus Capital is managing an investment portfolio of more than 1bn EUR and was the first investor in European unicorns such as Personio and Enpal.

Robin Godenrath · EUVC Podcast #235

Recent investments

CompanyRoundSizeDate
PersonioSeed2016
EnpalSeed2018
ClaraPre-seed2020
Kin InsuranceSeed2019
Hawk AISeed2019
LandbaseSeed2024
SilverflowSeries A2026-03
TerralayrSeries A$83m2026-01
AplazoSeries A2022
CayenaSeed2021

Frequent co-investors

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