Venture Capital

HV Capital

HV Capital is one of Europe's leading early-stage and growth venture capital firms, headquartered in Munich with an office in Berlin. Founded in 2000 as Holtzbrinck Ventures (the venture arm associated with Verlagsgruppe Georg von Holtzbrinck), the partnership completed a management buyout and rebranded to HV Capital in 2018, establishing full operational and investment independence. The firm backs European founders with global ambitions across the full lifecycle: its Venture fund writes seed and Series A checks from roughly €500K to €10M, while its Growth fund invests through Series B and beyond with checks up to €60M and follow-on reserves reaching €100M per company. HV invests across consumer internet, enterprise software and SaaS, fintech, deep tech, healthcare, climate and energy, cybersecurity, and AI. The firm reports more than €2.8B in assets under management across nine fund generations spanning Venture and Growth, over 290 portfolio companies, and 12 IPOs. Its investment philosophy — "too new is our baseline, too bold is our reason, too complex is our edge" — reflects a willingness to back complex, category-defining companies. Early and notable investments include Zalando, Delivery Hero, FlixBus, SumUp, Depop, Scalable Capital, Enpal, and Isar Aerospace. This profile tracks HV Capital's identity and its portfolio graph across the API Evangelist network.

141 portfolio companies 141 publish APIs here 10 properties
Venture CapitalSeedEarly StageGrowth EquityFintechDeep TechEnterpriseArtificial IntelligenceConsumerClimate & EnergyEuropeGermany
Portfolio Strength across 140 profiled portfolio companies on the network
9 top-rated API companies 2 exemplar · 7 strong
28 agent-ready companies 4 agent-native · 24 agent-ready
Average quality of the book:
Composite emerging 22.2
Agent-Readiness human-only 12.3

Firms are ranked by cumulative portfolio strength — how many highly-rated API companies they've backed, weighted by tier across composite quality and agent-readiness. The averages below are a secondary read on the typical company in the book.

HV Capital has 141 portfolio companies tracked on the APIs.io network, of which 141 (100%) publish APIs indexed here.

Its highest-rated API providers on the network are Qonto, Storyblok, Sanity, Upvest, Beyond Presence.

Portfolio on the Network

Portfolio companies that publish APIs indexed on APIs.io, grouped by their API Evangelist rating. Exemplar and Strong are expanded by default.

Exemplar 2 Complete, well-documented, and agent-ready
Strong 7 Solid coverage with minor gaps
Developing 16 Usable, with meaningful gaps to close
Thin 11 Limited public surface area
Emerging 46 Early or largely undocumented
Minimal 58 Almost no public developer surface
Unrated 1 Not yet scored

Properties

Portfolio

Where the firm publishes its investments

Team

Partners and investing staff

Content

Blog, podcast, newsletter, and research

Firm

The firm itself

Source (apis.yml)

apis.yml Raw ↑
aid: hv-capital
name: HV Capital
description: >-
  HV Capital is one of Europe's leading early-stage and growth venture capital
  firms, headquartered in Munich with an office in Berlin. Founded in 2000 as
  Holtzbrinck Ventures (the venture arm associated with Verlagsgruppe Georg von
  Holtzbrinck), the partnership completed a management buyout and rebranded to
  HV Capital in 2018, establishing full operational and investment
  independence. The firm backs European founders with global ambitions across
  the full lifecycle: its Venture fund writes seed and Series A checks from
  roughly €500K to €10M, while its Growth fund invests through Series B and
  beyond with checks up to €60M and follow-on reserves reaching €100M per
  company. HV invests across consumer internet, enterprise software and SaaS,
  fintech, deep tech, healthcare, climate and energy, cybersecurity, and AI. The
  firm reports more than €2.8B in assets under management across nine fund
  generations spanning Venture and Growth, over 290 portfolio companies, and 12
  IPOs. Its investment philosophy — "too new is our baseline, too bold is our
  reason, too complex is our edge" — reflects a willingness to back complex,
  category-defining companies. Early and notable investments include Zalando,
  Delivery Hero, FlixBus, SumUp, Depop, Scalable Capital, Enpal, and Isar
  Aerospace. This profile tracks HV Capital's identity and its portfolio graph
  across the API Evangelist network.
x-type: venture-capital
x-category: Venture Capital
accessModel:
  pricing: unknown
  onboarding: unknown
  trial: false
  try_now: false
  public: false
  label: Unknown
  confidence: low
  source: []
  generated: '2026-07-22'
  method: derived
image: https://a.storyblok.com/f/330117/2380x2380/7da52419d7/hv-logo-on-white-background.png
tags:
  - Venture Capital
  - Seed
  - Early Stage
  - Growth Equity
  - Fintech
  - Deep Tech
  - Enterprise
  - Artificial Intelligence
  - Consumer
  - Climate & Energy
  - Europe
  - Germany
url: >-
  https://raw.githubusercontent.com/api-evangelist/hv-capital/refs/heads/main/apis.yml
created: '2026-07-17'
modified: '2026-07-17'
specificationVersion: '0.20'
apis: []
common:
  - type: Website
    url: https://www.hvcapital.com/
  - type: Portfolio
    url: https://www.hvcapital.com/portfolio
  - type: Portfolio
    url: portfolio/hv-capital-portfolio.yml
  - type: Team
    url: https://www.hvcapital.com/team
  - type: Team
    url: team/hv-capital-team.yml
  - type: InvestmentThesis
    url: https://www.hvcapital.com/approach
  - type: News
    url: https://www.hvcapital.com/public-relations
  - type: Jobs
    url: https://jobs.hvcapital.com
  - type: Contact
    url: https://www.hvcapital.com/investor-relations
  - type: LinkedIn
    url: https://www.linkedin.com/company/hvcapital/
  - type: Features
    data:
      - "Stage: Seed, Series A (Venture); Series B and later (Growth)"
      - "Typical check: EUR 500K-10M (Venture); up to EUR 60M (Growth)"
      - "Follow-on reserves: up to EUR 100M per company"
      - "Sectors: consumer internet, enterprise/SaaS, fintech, deep tech, healthcare, climate & energy, cybersecurity, AI"
      - "Geography: Europe (Germany-centric)"
      - "AUM: EUR 2.8B+ (self-reported)"
      - "Fund generations: 9 (Venture & Growth)"
      - "Portfolio: 290+ companies; 12 IPOs"
      - "Founded: 2000 (as Holtzbrinck Ventures); rebranded HV Capital 2018"
      - "HQ: Munich, Germany (office in Berlin)"
    sources:
      - https://www.hvcapital.com/approach
      - https://www.hvcapital.com/portfolio
    updated: '2026-07-17'
maintainers:
  - FN: Kin Lane
    email: kin@apievangelist.com
  - FN: APIs.json
    url: http://apisjson.org
  - FN: HV Capital
    url: https://www.hvcapital.com/