About Black River Ventures
Black River Ventures is a venture capital firm founded in 2013. It is primarily based out of Barcelona, Spain. As of Jun 2026, Black River Ventures is an active investor, having invested in 27 companies, with 1 new investment in the last 12 months. It primarily invests in Series B round in Germany based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Series C round of Subtle Medical Overall, Black River Ventures portfolio has seen 1 unicorn, 6 IPOs and 5 acquisitions including key companies like Uber, Glovo and Coursera. A lot of funds co-invest with Black River Ventures, with names like Unlimint sharing a substantial percentage of its portfolio. Black River Ventures has team of 6 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series A & 1 more
Portfolio Unicorns
Deals in last 12 months
Black River Ventures' List of Top Investments
Black River Ventures has a portfolio of 27 companies, one of which is a Unicorn. Their most notable investments are in Kriya and TransferGo.Their portfolio spans across United States, Germany, Russia and 5 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 18 other sectors, across stages such as Series C, Series A and 1 more. Here is the list of top investments by Black River Ventures:
1. Uber
Network providing on-demand transportation, delivery, and business management solutions. It facilitates ride requests and connects individuals with transportation providers. Additionally, it offers delivery services for food and other goods. The network extends to business solutions, providing tools for managing rides, meals, and local deliveries for organizations.
Key facts about Uber
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $13.2B
- Employee Count: 167,166 as on Aug 31, 2026
- Investors: TrueBridge, InvestX and 192 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
2. Glovo
Operator of an online platform for on-demand delivery services. The platform facilitates the ordering and delivery of various items. These items range from food and groceries to pharmaceutical products and other retail goods. The platform connects customers with local businesses and independent couriers.
Key facts about Glovo
- Founded Year: 2015
- Location: Barcelona (Spain)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.16B
- Employee Count: 15,437 as on Jul 31, 2026
- Investors: GR Capital, La Maison Partners and 61 Others
- Latest Funding Round: Series F, Apr 01, 2021, $*****
- Highlight: Acquired
3. Coursera
Provider of online courses, professional certificates, and degree programs. The platform collaborates with universities and companies to deliver educational content. It offers opportunities for individuals to learn new skills and advance their careers. The platform provides learning resources for businesses to train their workforce.
Key facts about Coursera
- Founded Year: 2012
- Location: Mountain View (United States)
- Stage: Public
- Total Funding till date: $443M
- Employee Count: 6,501 as on May 31, 2026
- Investors: HTIF, Sprout Capital Partners and 49 Others
- Latest Funding Round: Series F, Jul 17, 2020, $*****
- Highlight: Public
4. DigitalOcean
Provider of cloud infrastructure, virtual machines, and managed database hosting. It offers tools for application development, AI and machine learning, and data analytics. The company provides virtual private networks, load balancers, and DDoS protection. It also features developer tools, APIs, and support plans.
Key facts about DigitalOcean
- Founded Year: 2011
- Location: New York City (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $174M
- Employee Count: 2,482 as on Aug 31, 2026
- Investors: HTIF, HighGear Ventures and 47 Others
- Latest Funding Round: Post IPO, Nov 2021, $*****
- Highlight: Public
5. Owlet
Provider of wearable socks for baby monitoring. The smart socks helps to monitor the babys heart rate, respiration and the user can check in on baby through a mobile device, cam-streams audio and video of the baby to the smartphone, and band. The band is a pregnancy tracker solution which helps to track the babys wellness.
Key facts about Owlet
- Founded Year: 2013
- Location: Lehi (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $55M
- Employee Count: 367 as on Aug 31, 2026
- Investors: Western Technology Investment, GR Capital and 32 Others
- Latest Funding Round: Post IPO, Feb 17, 2023, $*****
- Highlight: Public
Black River Ventures' Year-on-Year Investment Trends
Black River Ventures has invested in 27 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. As of Jun 2026, it has made 1 investment in this year. Its most recent first time investment was in Subtle Medical.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 2 | 0 | 2 |
Black River Ventures' Investments by Stage
Black River Ventures has made 5 investments in Series C stage with an average round size of $136M, 1 investment in Series A stage with an average round size of $6.25M and 1 investment in Series B stage.Stage of entry | No. of Investments |
|---|---|
Series C | 5 |
Series A | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Black River Ventures' Investments by Sector
Black River Ventures has a diverse portfolio, with companies operating in the FinTech, Consumer, HealthTech, Artificial Intelligence - Industry Applications and Enterprise Applications. Notably, it has invested in 27 Tech companies, 17 Enterprise (B2B) companies, 14 Consumer (B2C) companies and at least 12 companies focusing on Software.Sector | No. of Investments |
|---|---|
FinTech | 3 |
Consumer | 2 |
HealthTech | 2 |
Artificial Intelligence - Industry Applications | 1 |
Enterprise Applications | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Black River Ventures' Investments by Geography
Black River Ventures has made most investments in Germany (2), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
Germany | 2 |
United Kingdom | 2 |
United States | 2 |
Israel | 1 |
Note: We have considered here, only first round of investments
Black River Ventures' recent investments
Black River Ventures has made 1 investments in 2026 so far - Subtle Medical.Here are the most recent investments by Black River Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 02, 2026 | United States | Series C | 8707 | [+4] | |
Oct 25, 2022 | Israel | Series C | 7071 | [+2] | |
Sep 28, 2021 | United Kingdom | Series C | 4268 | [+4] | |
Sep 21, 2021 | United Kingdom | Series C | 7235 | ||
Nov 22, 2016 | Germany | Series B | 1885 | [+1] |
Unicorns in Black River Ventures' Portfolio
Black River Ventures has 1 unicorn in its portfolio - Fair. The most recent unicorn in their portfolio is Fair which became a unicorn in 2018, 7 years before Black River Ventures first invested in it.Here is a list of unicorns in Black River Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | App-based platform to lease cars | 2016 | Santa Monica | Series B | wfjheba |
IPOs and Publicly Listed companies in Black River Ventures' Portfolio
6 of Black River Ventures' portfolio companies have become public. Marqeta got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2021 at marketcap of $14.3B and Coursera got listed on the New York Stock Exchange (NYSE) at marketcap of $4.3B.Here are Black River Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 09, 2021 | - | - | 2160 | |
Mar 31, 2021 | - | - | 6927 | |
Mar 24, 2021 | - | - | 8326 | |
Nov 05, 2020 | - | - | 6349 | |
May 09, 2019 | - | - | 3011 |
Acquired companies in Black River Ventures' Portfolio
5 companies from Black River Ventures' portfolio have been acquired. The most recent acquisition was Mirantis in May 2026 by IREN for $*****.Here are Black River Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 05, 2026 | - | - | 1992 | |
Oct 22, 2025 | Sep 21, 2021 | Series C | 9008 | |
Jan 01, 2022 | - | - | 3011 | |
Jul 17, 2018 | Nov 22, 2016 | Series B | 9969 | |
Nov 03, 2017 | - | - | 8772 |
Team profile of Black River Ventures
Black River Ventures has a team of 6 members including 6 Partners located in United States, Spain and 2 more locations. Black River Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Black River Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Barcelona | - | ||
Partner | Barcelona | - | ||
Partner | London | - | ||
Partner | San Francisco | - | ||
Partner | Tel Aviv Yafo | - | ||
Partner | Palo Alto | - | - |
Co-investors of Black River Ventures
Over the past 11 years, 71 investors have co-invested in Black River Ventures's portfolio companies. This includes funds and angels.
- Invested before Black River Ventures: Practica Capital, Hard Yaka and 53 others have invested in rounds before Black River Ventures. There is 1 company where Practica Capital has invested before Black River Ventures and 1 company where Hard Yaka has invested before Black River Ventures.
- Top Co-investors of Black River Ventures: 12 investors entered a company along with Black River Ventures. These include investors like Unlimint (1 company).
- Invested after Black River Ventures: A total of 4 investors have invested in Black River Ventures's portfolio after their investments. Top Investors include Taiwania Capital (1 company), Deutsche Bank (1 company) and Viola Credit (1 company).
Recent News related to Black River Ventures
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Morgan Stanley Expansion Capital Leads $33 Million Growth Financing For Subtle MedicalBusiness Wire•Jun 02, 2026•Subtle Medical, Morgan Stanley, Shinhan Venture Investment, EnvisionX Capital and 5 others
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DreamBig Scores $75 Million Roundsvdaily.com•Jul 23, 2024•DreamBigSemi, Samsung Catalyst Fund, Samsung, Event Horizon Capital and 3 others
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Vesttoo Closes $80 Million Series C Financing Round, Increasing Valuation to $1 BillionFintech Finance•Oct 25, 2022•Vesttoo, Gramercy, Mouro Capital, Black River Ventures and 2 others
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International payments firm TransferGo sells £5m stakeUKTN•Feb 16, 2022•TransferGo, Nordic Secondary Fund, Siena Secondary Fund, Elbrus Capital and 1 other
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Migrant remittance network TransferGo seals $50 million funding roundFinextra•Sep 30, 2021•TransferGo, Elbrus Capital, Black River Ventures, Hard Yaka and 5 others
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UK FinTech MarketFinance Raises $382M in Debt, EquityPYMNTS.com•Sep 22, 2021•Kriya, Intesa Sanpaolo, Black River Ventures, Barclays and 6 others
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US Neobank Upgrade secures $ 105 million Series E funding roundFintech Finance•Aug 13, 2021•Upgrade, Koch Disruptive Technologies, BlueRun Ventures, UpGrad and 7 others
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German superfood e-commerce platform Nu3 raises multi-million roundTech.eu•Nov 22, 2016•Nu3, Lakestar, Project A, Black River Ventures
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CORRECTING and REPLACING Petnet Raises $4M from Amazon, iRobot and Black River to Expand its Personalized Pet Food Delivery Ecosystem | Business WireBusiness Wire•Oct 26, 2015•Petnet, Black River Ventures, iRobot, Amazon and 1 other
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