HV Capital

VC Firm·Munich, Germany·EUR 2.8B AUM; EUR 710M (Fund IX, 2023)

HV Capital, formerly Holtzbrinck Ventures, is a Munich-based venture capital firm founded in 2000 that has grown into one of Europe's most established tech investors with EUR 2.8B in assets under management. The firm backs European startups from seed through growth stage, deploying between EUR 0.5M and EUR 60M per round across sectors including enterprise software, fintech, climate tech, and deep tech. Notable portfolio companies include Zalando, Delivery Hero, FlixBus, and Isar Aerospace.

Focus Areas

Enterprise SoftwareFintechClimate TechDeep TechHealth TechConsumerMarketplacesSaaSAI

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1 company in our directory

ARX Robotics

Hiring

Defence Tech·Series A

ARX Robotics is a Munich-based defence technology company developing autonomous ground vehicles and software platforms for European armed forces. Founded in 2021 by former German Bundeswehr officers Marc Wietfeld, Maximilian Wied, and Stefan Röbel, the company builds modular unmanned ground systems including the Gereon tracked reconnaissance vehicle and Hector scalable autonomous platform, alongside Mithra OS, an AI-powered system for modernising legacy military fleets. ARX systems are already deployed in Ukraine and along NATO's eastern flank, and the company is field testing with British Armed Forces. In 2025, ARX announced a £45M investment in a UK manufacturing facility expected to produce 1,800 autonomous systems annually. The company raised a €42M Series A led by HV Capital.