About Cavalry Ventures
Cavalry Ventures is a venture capital firm founded in 2016. It is primarily based out of Berlin, Germany. As of Nov 2024, Cavalry Ventures has invested in 66 companies. It primarily invests in Seed 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 B round of AMPECO Overall, Cavalry Ventures portfolio has seen 1 unicorn, 1 IPO and 17 acquisitions including key companies like Delivery Hero, Marley Spoon and Aleph Alpha. A lot of funds co-invest with Cavalry Ventures, with names like Firestreak Ventures sharing a substantial percentage of its portfolio. Cavalry Ventures has team of 11 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Cavalry Ventures' List of Top Investments
Cavalry Ventures has a portfolio of 66 companies, one of which is a Unicorn. Their most notable investments are in EMPiON and WhenThen.Their portfolio spans across Germany, United Kingdom, United States and 9 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 24 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Cavalry Ventures:Platform offering food ordering and delivery services. Its marketplace enables users to provide online food delivery services from restaurants and cafes. The platform provides services for the delivery of flowers, medicines, gifts, packages, and e-commerce.
Key facts about Delivery Hero
- Founded Year: 2010
- Location: Berlin (Germany)
- Annual Revenue: €1B+ as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $1.8B
- Employee Count: 42,964 as on Aug 31, 2026
- Investors: Kreos Capital, Tengelmann Ventures and 45 Others
- Latest Funding Round: Post IPO, Jan 07, 2021, $*****
- Highlight: Public
2. Marley Spoon
Provider of meal kits and prepared meals delivered to homes. The company offers weekly menus with diverse recipes and diet-friendly options. Customers can select recipes, prepared meals, and market extras for delivery. The service allows for order editing and subscription pausing as needed.
Key facts about Marley Spoon
3. PlanRadar
Provider of construction and real estate management software platform solutions. The platform offers capabilities such as plans and BIM models, document management, and reporting and insights. It also provides features like schedules, integrations, and visual site documentation. The software supports construction management and building operations across the building lifecycle.
Key facts about PlanRadar
- Founded Year: 2013
- Location: Vienna (Austria)
- Annual Revenue: €1M - €10M as on Dec 31, 2024
- Stage: Series B
- Total Funding till date: $103M
- Employee Count: 419 as on Aug 31, 2026
- Investors: GR Capital, aws Gründungsfonds and 13 Others
- Latest Funding Round: Series B, Jan 20, 2022, $*****
- Highlight: Editors' Pick
4. Aleph Alpha
Provider of an AI-enabled text and image analytics platform. It offers text analytics, image recognition, and OCR technologies. It is applicable for copywriting, press releases, content creation, text extraction, translation, and visual understanding.
Key facts about Aleph Alpha
- Founded Year: 2019
- Location: Heidelberg (Germany)
- Stage: Acquired
- Total Funding till date: $533M
- Employee Count: 320 as on Aug 31, 2026
- Investors: Sapphire Ventures, Earlybird and 23 Others
- Latest Funding Round: Series B, Nov 06, 2023, $*****
- Highlight: Acquired
5. Forto
Provider of tech-enabled freight forwarding services. Its platform enables multi-modal cargo transport and freight forwarding. It includes features like fulfillment and warehousing through its logistics partners, contract management and negotiation, online shipment booking and tracking, real-time quotations, documentation, customs clearance, and goods consolidation.
Key facts about Forto
Cavalry Ventures' Year-on-Year Investment Trends
Cavalry Ventures has invested in 66 companies over the last 11 years, with an average of 5 new investments annually in the last 10 years. Its most recent first time investment was in Steelhead Technologies and most recent follow-on round was in AMPECO.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 4 | 2 | 6 |
2023 | 8 | 2 | 10 |
2022 | 6 | 3 | 9 |
2021 | 12 | 5 | 17 |
2020 | 5 | 3 | 8 |
2019 | 1 | 4 | 5 |
2018 | 5 | 0 | 5 |
2017 | 4 | 2 | 6 |
Cavalry Ventures' Investments by Stage
Cavalry Ventures has made 42 investments in Seed stage with an average round size of $4.28M, 7 investments in Series A stage with an average round size of $11.9M and 1 investment in Series B stage with an average round size of $12.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 42 |
Series A | 7 |
Series B | 1 |
Note: We have considered here, only first round of investments
Cavalry Ventures' Investments by Sector
Cavalry Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, FinTech and Vertical SaaS. Notably, it has invested in 62 Tech companies, 46 Enterprise (B2B) companies, 45 Software companies and at least 21 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 31 |
Consumer | 11 |
High Tech | 11 |
FinTech | 10 |
Vertical SaaS | 10 |
Others | 54 |
Note: We have considered here, only first round of investments
Cavalry Ventures' Investments by Geography
Cavalry Ventures has made most investments in Germany (27), followed by United Kingdom where it has made 8 investments.Country | No. of Investments |
|---|---|
Germany | 27 |
United Kingdom | 8 |
United States | 6 |
Ireland | 3 |
Austria | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Cavalry Ventures' recent investments
Cavalry Ventures has not made any investment in 2026 so far.Here are the most recent investments by Cavalry Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 26, 2024 | Bulgaria | Series B | 3603 | [+2] | |
Nov 01, 2024 | United States | Series B | 1504 | [+3] | |
May 22, 2024 | United Kingdom | Series A | 6102 | [+3] | |
May 17, 2024 | Belgium | Seed | 8028 | [+2] | |
Apr 26, 2024 | Germany | Seed | 8141 | [+8] |
Unicorns in Cavalry Ventures' Portfolio
Cavalry Ventures has 1 unicorn in its portfolio - Forto. The most recent unicorn in their portfolio is Forto which became a unicorn in 2021, 3 years after Cavalry Ventures first invested in it.Here is a list of unicorns in Cavalry Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Provider of tech-enabled freight forwarding services | 2016 | Berlin | Series D | gsgqw{d |
IPOs and Publicly Listed companies in Cavalry Ventures' Portfolio
1 of Cavalry Ventures' portfolio company became public - Delivery Hero. It got listed on the Frankfurt Stock Exchange (FRA), in Jun 2017 at marketcap of $5.01BHere are Cavalry Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 30, 2017 | - | - | 7676 |
Acquired companies in Cavalry Ventures' Portfolio
17 companies from Cavalry Ventures' portfolio have been acquired. The most recent acquisition was EMPiON in Sep 2026 by Factorial for $*****.Here are Cavalry Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 03, 2026 | Oct 25, 2023 | Seed | 1065 | |
Apr 26, 2026 | Nov 2020 | Seed | 8809 | |
Oct 08, 2025 | Sep 21, 2022 | Series A | 4078 | |
Jan 30, 2024 | - | - | 9575 | |
Jan 08, 2024 | 2015 | Seed | 8942 |
Team profile of Cavalry Ventures
Cavalry Ventures has a team of 11 members including 4 Partners, 2 Venture Partners and 3 Principals located in Germany, United Kingdom and 1 more location. Cavalry Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Cavalry Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | - | - | |
Partner | Berlin | - | - | |
Partner | Germany | - | - | |
Partner | Germany | - | - | |
Venture Partner | Berlin | - | - | |
Venture Partner | Zurich | - | ||
Principal | Berlin | - | ||
Principal | Berlin | - | ||
Principal | Berlin | - | - |
Co-investors of Cavalry Ventures
Over the past 11 years, 363 investors have co-invested in Cavalry Ventures's portfolio companies. This includes funds and angels.
- Invested before Cavalry Ventures: Next Commerce Accelerator, Cherry Ventures and 25 others have invested in rounds before Cavalry Ventures. There are 2 companies where Next Commerce Accelerator has invested before Cavalry Ventures and 1 company where Cherry Ventures has invested before Cavalry Ventures.
- Top Co-investors of Cavalry Ventures: 188 investors entered a company along with Cavalry Ventures. These include investors like Firestreak Ventures (3 companies).
- Invested after Cavalry Ventures: A total of 148 investors have invested in Cavalry Ventures's portfolio after their investments. Top Investors include Earlybird (3 companies), Target Global (3 companies) and GR Capital (2 companies).
Recent News related to Cavalry Ventures
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Cavalry Capital Corp. Announces Launch of Private PlacementNewsfile•Sep 10, 2025•Advancedenergyfuels, Energy Fuels, Cavalry Ventures
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UniteLabs Secures €2.77M in Pre-Seed Funding for Lab Automation PlatformFinSMEs•Apr 03, 2025•UniteLabs, lanaventures.com, Acurio Ventures, Cavalry Ventures and 1 other
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Ampeco with new funding of $ 26 millionForbes Bulgaria•Nov 26, 2024•AMPECO, Revaia, Cavalry Ventures, BMW i Ventures and 1 other
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Nory’s $16m Series A Investment RoundGlobal Legal Chronicle•Jun 25, 2024•Nory, CMS Info Systems, Cavalry Ventures
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Cavalry Ventures’ €2.1m Investment in Companion.energyGlobal Legal Chronicle•Jun 25, 2024•Cavalry Ventures, companion.energy, CMS Info Systems
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Accel and Samaipata invest € 15m in North to revolutionize hospitality management with AIWebcapitalriesgo•May 22, 2024•Accel, Nory, Samaipata, Playfair Capital and 2 others
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North, Hospitality Operating System, closes a 15 million round led by the Accel FundCronica de Cantabria•May 22, 2024•Nory, Playfair Capital, Samaipata, Accel and 2 others
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Nory raises $16m for AI-powered restaurant management techSilicon Republic•May 22, 2024•Nory, Playfair Capital, Samaipata, Accel and 6 others
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Hospitality management platform Nory secures €14.7m in fundingIndependent.ie•May 22, 2024•Nory, Accel, Cavalry Ventures, Playfair and 5 others
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Germany’s Deltia.ai bags €4.5M to combat manufacturing labour shortage using AI and computer visionSilicon Canals•May 01, 2024•Deltia, Cavalry Ventures, Merantix
