About BtoV
BtoV is a venture capital firm founded in 2000. It is primarily based out of Berlin, Germany. As of Aug 2024, BtoV has invested in 127 companies. It primarily invests in Series A round in Germany based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series C round of Healx Overall, BtoV portfolio has seen 2 unicorns, 11 IPOs and 25 acquisitions including key companies like Facebook, SumUp and Blacklane. A lot of funds co-invest with BtoV, with names like DN Capital sharing a substantial percentage of its portfolio. BtoV has team of 11 people including 5 partners.Key Metrics
BtoV's List of Top Investments
BtoV has a portfolio of 127 companies, including 2 unicorns. Their most notable investments are in Baresquare and Online Advertising Solutions.Their portfolio spans across Germany, United States, Switzerland and 15 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 28 other sectors, across stages such as Series A, Seed and 5 more. Here is the list of top investments by BtoV:
1. Facebook
Operator of a social networking service facilitating connection and communication. Its services allows users to connect with friends, family, and other individuals. It provides tools for sharing updates, photos, and videos. The platform also offers features for creating and joining groups, following interests, and discovering content.
Key facts about Facebook
- Founded Year: 2004
- Location: Menlo Park (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $1.77B
- Employee Count: 27,690 as on Jul 31, 2026
- Investors: Sprout Capital Partners, Meritech and 121 Others
- Latest Funding Round: Grant (prize money), Jan 15, 2017, $*****
- Highlight: Public
2. SumUp
Provider of card payment terminals and point of sale systems. These hardware and software tools facilitate transaction processing for merchants. The offerings include mobile card readers, self-service kiosks, and digital invoicing capabilities. Merchants utilize these tools to accept contactless payments and manage financial records. The system integrates with mobile applications to support business operations and order processing.
Key facts about SumUp
- Founded Year: 2012
- Location: Wilmington (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $997M
- Employee Count: 4,196 as on May 31, 2026
- Investors: Goldman Sachs, AllianceBernstein and 52 Others
- Latest Funding Round: Conventional Debt, May 19, 2025, $*****
- Highlight: Editors' Pick
3. Blacklane
Provider of chauffeur services including airport transfers and city-to-city rides. The company offers transportation solutions such as one-way trips, hourly bookings, and full-day hire. It provides options for booking and managing journeys through its application. The company focuses on safety and aims to provide private travel solutions.
Key facts about Blacklane
- Founded Year: 2011
- Location: Berlin (Germany)
- Annual Revenue: $10M - $50M as on Dec 31, 2018
- Stage: Acquired
- Total Funding till date: $127M
- Employee Count: 702 as on Sep 30, 2026
- Investors: Mercedes-Benz, Startup Intelligence Center and 21 Others
- Latest Funding Round: Series G, Oct 29, 2024, $*****
- Highlight: Acquired
4. Westwing
Key facts about Westwing
- Founded Year: 2011
- Location: Munich (Germany)
- Stage: Public
- Total Funding till date: $212M
- Employee Count: 1,528 as on Sep 30, 2026
- Investors: Access Industries, Kreos Capital and 16 Others
- Latest Funding Round: Series D, Apr 17, 2015, $*****
- Highlight: Public
5. TechCrunch+
Online platform providing multi-category news. It offers news updates and insights related to technology, startups, businesses and finance, and more. It monetizes through display advertisement.
Key facts about TechCrunch+
- Founded Year: 2005
- Location: San Francisco (United States)
- Stage: Acquired
- Employee Count: 609 as on Sep 30, 2026
- Investors: 2020 Ventures, Sleeping Bear Capital and 8 Others
- Highlight: Acquired
BtoV's Year-on-Year Investment Trends
BtoV has invested in 127 companies over the last 20 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in Healx and most recent follow-on round was in Biosergen.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 2 | 0 | 2 |
2021 | 5 | 0 | 5 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
2018 | 1 | 0 | 1 |
2017 | 5 | 0 | 5 |
BtoV's Investments by Stage
BtoV has made 16 investments in Series A stage with an average round size of $8.52M, 7 investments in Seed stage with an average round size of $1.55M and 6 investments in Series B stage with an average round size of $12.8M.Stage of entry | No. of Investments |
|---|---|
Series A | 16 |
Seed | 7 |
Series B | 6 |
Angel | 1 |
PE | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
BtoV's Investments by Sector
BtoV has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Life Sciences, High Tech and Media & Entertainment. Notably, it has invested in 111 Tech companies, 80 Enterprise (B2B) companies, 57 Software companies and at least 49 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
Consumer | 9 |
Life Sciences | 5 |
High Tech | 4 |
Media & Entertainment | 4 |
Others | 33 |
Note: We have considered here, only first round of investments
BtoV's Investments by Geography
BtoV has made most investments in Germany (16), followed by Switzerland where it has made 4 investments.Country | No. of Investments |
|---|---|
Germany | 16 |
Switzerland | 4 |
United Kingdom | 3 |
United States | 3 |
Austria | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
BtoV's recent investments
BtoV has not made any investment in 2026 so far.Here are the most recent investments by BtoV:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 01, 2024 | United Kingdom | Series C | 3350 | [+7] | |
May 30, 2022 | Germany | Series B | 9820 | [+3] | |
Jan 07, 2022 | Germany | Series D | 1669 | [+6] | |
Sep 28, 2021 | United Kingdom | Seed | 8023 | [+1] | |
Aug 04, 2021 | Germany | Series A | 5792 | [+5] |
Unicorns in BtoV's Portfolio
BtoV has 2 unicorns in its portfolio - DeepL and SumUp. The most recent unicorn in their portfolio is DeepL. It became a unicorn in 2023, 4 years after BtoV first invested in it.Here is a list of unicorns in BtoV's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | AI, SaaS, and neural network-based machine translation tools | 2017 | Cologne | Series C | bx{nvhp | ||
84 | Provider of payment processing hardware and financial management software tools | 2012 | Wilmington | Series E | oprsmqs |
IPOs and Publicly Listed companies in BtoV's Portfolio
11 of BtoV's portfolio companies have become public. BigRep got listed on the Frankfurt Stock Exchange (FRA), in Aug 2024 and ONWARD got listed on the Euronext Exchange (Euronext) at marketcap of $443M.Here are BtoV's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 02, 2024 | - | - | 4152 | |
Oct 21, 2021 | - | - | 8129 | |
Jul 02, 2020 | - | - | 7842 | |
Mar 19, 2019 | Dec 15, 2016 | Series B | 4842 | |
Oct 09, 2018 | - | - | 5968 |
_1549625985295.png?devicePixelRatio=2&height=20&width=20){kind=logo}
Acquired companies in BtoV's Portfolio
25 companies from BtoV's portfolio have been acquired. The most recent acquisition was Testbirds in Jun 2026 by UNGUESS for $*****.Here are BtoV's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 10, 2026 | - | - | 9090 | |
Mar 30, 2026 | - | - | 6738 | |
Oct 07, 2025 | - | - | 3173 | |
Jul 09, 2025 | May 30, 2022 | Series B | 6612 | |
Mar 25, 2025 | - | - | 6419 |
Team profile of BtoV
BtoV has a team of 11 members including 5 Partners, 1 Venture Partner and 2 Principals located in Germany and Switzerland. BtoV's team does not sit on the board of any company as of now.Here is a list of top team members in BtoV:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Switzerland | - | ||
Partner | Lausanne | - | ||
Partner | Berlin | - | ||
Partner | Germany | - | - | |
Partner | Switzerland | - | ||
Venture Partner | Germany | - | - | |
Principal | Berlin | - | ||
Principal | Munich | - | - |
Co-investors of BtoV
Over the past 20 years, 173 investors have co-invested in BtoV's portfolio companies. This includes funds and angels.
- Invested before BtoV: b2venture, HTGF and 44 others have invested in rounds before BtoV. There are 5 companies where b2venture has invested before BtoV and 2 companies where HTGF has invested before BtoV.
- Top Co-investors of BtoV: 66 investors entered a company along with BtoV. These include investors like DN Capital (3 companies).
- Invested after BtoV: A total of 61 investors have invested in BtoV's portfolio after their investments. Top Investors include b2venture (2 companies), XAnge (2 companies) and IVP (1 company).
Recent News related to BtoV
•
Foodcircle secured capital funding from btov Partners, Discovery Ventures and CoparionGoogle Usercontent•Sep 18, 2023•foodcircle, BtoV, Discovery Ventures, Coparion
•
These German female founders raised €10.5M for promoting digital game-based learning for preschoolersTech Funding News•Mar 02, 2023•Edurino, DN Capital, Shazam, Weezy and 5 others
•
Finway Raises €9.2M in Series A FundingFinSMEs•Feb 23, 2023•finway, Capital 49, Force Over Mass, BtoV and 2 others
•
FinLab's portfolio company Raisin secures €60M in Series E funding round, reinforcing its position as a pioneer in the German fintech ecosystemWebDisclosure•Feb 17, 2023•Raisin, Goldman Sachs, M&G, Catalyst Investors and 16 others
•
Berlin's Degura raises €2.2 million to digitise German employer-funded pensionsTech.eu•Feb 08, 2023•Degura, BtoV
•
Using intelligent robotics to automate more business lines, fruitcore robotics garners €23 million in series B fundsTech.eu•Dec 14, 2022•BtoV, PeCon, Constantia New Business, Matterwave Ventures and 6 others
•
Swiss AI risk management startup Calvin Risk closes on $1.5 millionTech.eu•Dec 12, 2022•Calvin Risk, BtoV, Companion Fund, Founderful
•
Customer intelligence platform Chattermill raises $26 millionTech.eu•Dec 06, 2022•Chattermill, Amazon, Uber, H&M and 8 others
•
Volocopter increases by another 182 million eurosBusiness Insider Deutschland•Nov 01, 2022•Volocopter, GLy Capital, Neom, BtoV and 5 others
•
