About Capnamic Ventures
Capnamic Ventures is a venture capital firm founded in 2012. It is primarily based out of Cologne, Germany. As of Jun 2026, Capnamic Ventures is an active investor, having invested in 104 companies, with 4 new investments in the last 12 months. 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 A round of Freshflow Overall, Capnamic Ventures portfolio has seen 2 unicorns, 2 IPOs and 31 acquisitions including key companies like Strava, Adjust and Staffbase. A lot of funds co-invest with Capnamic Ventures, with names like IRIS sharing a substantial percentage of its portfolio. Capnamic Ventures has team of 18 people including 7 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Acquisitions
Capnamic Ventures' List of Top Investments
Capnamic Ventures has a portfolio of 104 companies, including 2 unicorns. Their most notable investments are in Fatmap and Fatmap.Their portfolio spans across Germany, United States, France and 7 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 28 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Capnamic Ventures:1. Strava
Provider of application for tracking, analyzing, and sharing fitness activities. The application allows users to record activities and view performance data. It also enables users to connect with friends and discover routes, maps, and challenges. The application is compatible with mobile phones and GPS devices.
Key facts about Strava
- Founded Year: 2009
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $180M
- Employee Count: 991 as on Jul 31, 2026
- Investors: Founders Circle Capital, Dragoneer Investment Group and 11 Others
- Latest Funding Round: Conventional Debt, Jun 13, 2025, $*****
- Highlight: Editors' Pick

2. Zeotap
Provider of customer data platform with AI-powered insights and orchestration. The platform unifies customer data, enhances audience reach, and orchestrates omnichannel experiences. It offers real-time personalization, data governance, and privacy compliance. The platform provides tools for marketing, IT, and data teams across various industries. It supports use cases such as acquisition, loyalty, and customer experience.
Key facts about Zeotap
- Founded Year: 2014
- Location: Berlin (Germany)
- Annual Revenue: €1M - €10M as on Dec 31, 2019
- Stage: Series D
- Total Funding till date: $117M
- Employee Count: 165 as on Jul 31, 2026
- Investors: Liberty Global, IRIS and 42 Others
- Latest Funding Round: Series D, Nov 20, 2024, $*****
- Highlight: Editors' Pick
3. Adjust
Cloud-based mobile marketing software solution provider. It provides an open-source SDK that enables app developers to track and analyze things like user acquisition, feature releases, and user lifetime cohorts. Also enables the tracking of interactions in the app in real-time to see how users engage over their full lifetime. Clients include some of the world's largest brands such as Baidu, Deutsche Telekom, Universal Music, Spotify, and Viacom.
Key facts about Adjust
- Founded Year: 2012
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $256M
- Employee Count: 472 as on Jul 31, 2026
- Investors: IRIS, TriplePoint Capital and 15 Others
- Latest Funding Round: Series F, Jun 12, 2019, $*****
- Highlight: Acquired

4. Staffbase
Developer of software for internal employee communication and experience management. This platform provides tools for intranets, mobile applications, email campaigns, and digital signage to reach staff across various work environments. It integrates with existing enterprise technology stacks to facilitate the distribution of information, policy updates, and service access. The system includes features for content governance, automated workflows, and artificial intelligence to assist with knowledge delivery and employee engagement. It supports communication across desktop and mobile devices to ensure information reaches desk-based and frontline personnel.
Key facts about Staffbase
- Founded Year: 2014
- Location: Chemnitz (Germany)
- Annual Revenue: €10M - €50M as on Dec 31, 2020
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $295M
- Employee Count: 872 as on Jul 31, 2026
- Investors: IRIS, General Atlantic and 7 Others
- Latest Funding Round: Series E, Mar 15, 2022, $*****
- Highlight: Editors' Pick
5. Rebuy
Online marketplace for used electronic products. It is a platform for buying and selling used electronics and media items, including smartphones, tablets, wearables, books, DVDs, and video games. It serves as a recommerce marketplace, enabling customers to purchase quality-checked, refurbished products.
Key facts about Rebuy
- Founded Year: 2009
- Location: Berlin (Germany)
- Annual Revenue: €100M - €500M as on Dec 31, 2023
- Stage: Series B
- Total Funding till date: $39.8M
- Employee Count: 300 as on Jul 31, 2026
- Investors: IRIS, NJF Capital and 10 Others
- Latest Funding Round: Series B, Mar 07, 2018, $*****
- Highlight: Editors' Pick
Capnamic Ventures' Year-on-Year Investment Trends
Capnamic Ventures has invested in 104 companies over the last 13 years, with an average of 5 new investments annually in the last 10 years. In 2025, it made 16 investments, while as of Jun 2026, it has made 3 investments in this year. Its most recent first time investment was in Omegga and most recent follow-on round was in Freshflow.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 8 | 8 | 16 |
2024 | 2 | 4 | 6 |
2023 | 4 | 6 | 10 |
2022 | 12 | 6 | 18 |
2021 | 5 | 7 | 12 |
2020 | 7 | 5 | 12 |
2019 | 4 | 4 | 8 |
2018 | 4 | 5 | 9 |
2017 | 4 | 4 | 8 |
Capnamic Ventures' Investments by Stage
Capnamic Ventures has made 34 investments in Seed stage with an average round size of $5.23M, 30 investments in Series A stage with an average round size of $7.33M, 4 investments in Series B stage with an average round size of $18.4M and 1 investment in Series C stage.Stage of entry | No. of Investments |
|---|---|
Seed | 34 |
Series A | 30 |
Series B | 4 |
Series C | 1 |
Note: We have considered here, only first round of investments
Capnamic Ventures' Investments by Sector
Capnamic Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, Consumer and Retail. Notably, it has invested in 93 Tech companies, 68 Enterprise (B2B) companies, 67 Software companies and at least 43 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 46 |
High Tech | 18 |
Vertical SaaS | 17 |
Consumer | 16 |
Retail | 10 |
Others | 79 |
Note: We have considered here, only first round of investments
Capnamic Ventures' Investments by Geography
Capnamic Ventures has made most investments in Germany (62), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Germany | 62 |
United States | 2 |
France | 1 |
Poland | 1 |
Sweden | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Capnamic Ventures' recent investments
Capnamic Ventures has made 3 investments in 2026 so far. Freshflow and Omegga are the latest among them.Here are the most recent investments by Capnamic Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 04, 2026 | Germany | Series A | 2823 | [+5] | |
May 13, 2026 | Germany | Seed | 6741 | [+1] | |
Mar 18, 2026 | Germany | Series A | 7513 | [+4] | |
Nov 27, 2025 | Germany | Series A | 6661 | [+1] | |
Nov 03, 2025 | Germany | Seed | 4441 | [+2] |
Unicorns in Capnamic Ventures' Portfolio
Capnamic Ventures has 2 unicorns in its portfolio - Staffbase and Strava. The most recent unicorn in their portfolio is Staffbase. It became a unicorn in 2022, 5 years after Capnamic Ventures first invested in it.Here is a list of unicorns in Capnamic Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Developer of software for internal employee communication and experience management | 2014 | Chemnitz | Series E | fssbrla | ||
80 | Provider of application for tracking, analyzing, and sharing fitness activities | 2009 | San Francisco | Series G | mkhekvs |
IPOs and Publicly Listed companies in Capnamic Ventures' Portfolio
2 of Capnamic Ventures' portfolio companies have become public.Here are Capnamic Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Nov 14, 2014 | Series A | 7568 | |
- | Mar 26, 2015 | Series A | 7125 |
Acquired companies in Capnamic Ventures' Portfolio
31 companies from Capnamic Ventures' portfolio have been acquired. The most recent acquisition was Scanbot in Jul 2025 by Apryse for $*****.Here are Capnamic Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 10, 2025 | - | - | 7665 | |
Apr 14, 2025 | Mar 17, 2022 | Seed | 7805 | |
Nov 19, 2024 | Nov 05, 2014 | Series A | 1458 | |
Nov 15, 2024 | Dec 15, 2021 | Series A | 8058 | |
Oct 25, 2024 | Mar 09, 2015 | Series C | 1510 |
Team profile of Capnamic Ventures
Capnamic Ventures has a team of 18 members including 7 Partners, 1 Venture Partner and 1 Principal located in Germany. Capnamic Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Capnamic Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Cologne | - | ||
Partner | Munich | - | ||
Partner | Cologne | - | ||
Partner | Bonn | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | ||
Venture Partner | Bonn | - | ||
Principal | Munich | - |
Co-investors of Capnamic Ventures
Over the past 13 years, 374 investors have co-invested in Capnamic Ventures's portfolio companies. This includes funds and angels.
- Invested before Capnamic Ventures: Europa, Rocket Internet and 77 others have invested in rounds before Capnamic Ventures. There are 3 companies where Europa has invested before Capnamic Ventures and 2 companies where Rocket Internet has invested before Capnamic Ventures.
- Top Co-investors of Capnamic Ventures: 154 investors entered a company along with Capnamic Ventures. These include investors like IRIS (13 companies).
- Invested after Capnamic Ventures: A total of 141 investors have invested in Capnamic Ventures's portfolio after their investments. Top Investors include Insight Partners (4 companies), Europa (3 companies) and Eurazeo (2 companies).
Recent News related to Capnamic Ventures
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The emergence of industrial agent systems, OCTONOMY raises 18.5 million euros.FrenchWeb•Nov 04, 2025•Octonomy, TechVision Fonds, NRW.Bank, Macquarie and 1 other
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octonomy AI funding round: Cologne startup receives $20 million for AI-based workforceTrending Topics•Nov 03, 2025•Octonomy, TechVision Fonds, NRW.Bank, Macquarie and 2 others
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German DeepTech startup yasp raises €4.2 million to accelerate AI model optimisationEU-Startups•Sep 25, 2025•yasp, Arago, Corintis, Futurail and 3 others
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Yasp.ai Successfully Secures $5 Million in Seed Funding RoundVenture Capital magazine•Sep 25, 2025•Capnamic Ventures, yasp
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Investment Sunhat: 9.2 million euros for German AI startup that verifies dataTrending Topics•Sep 23, 2025•Sunhat, xdeck.ventures, EnBW New Ventures, CommerzVentures and 3 others
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Tanso Technologies Secures €12M for Sustainability ComplianceSilicon Canals•Aug 05, 2025•Tanso, Fortino Capital, henQ, UVC Partners and 1 other
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Buena secures €49.4M Series A led by GV, 20VC after 500% growthSilicon Canals•Jul 23, 2025•Buena, Google Ventures, Stride, Capnamic Ventures
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Ordio raises €12 million to fully automate payroll for deskless workersFrenchWeb•Jul 16, 2025•Ordio, 3VC Seed, Capnamic Ventures, Simon Capital
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German HRTech Ordio Secures €12 Million to Revolutionize Payroll AutomationEU-Startups•Jul 15, 2025•Ordio, 3VC Seed, Capnamic Ventures, Simon Capital
