About Coparion
Coparion is a venture capital firm founded in 2016. It is primarily based out of Cologne, Germany. As of Jun 2024, Coparion has invested in 59 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 Life Sciences. Most recently it participated in the $***** Seed round of Tacalyx Overall, Coparion portfolio has seen 2 unicorns, 2 IPOs and 14 acquisitions including key companies like Grover, Plan A and Tubulis Technologies. A lot of funds co-invest with Coparion, with names like HTGF sharing a substantial percentage of its portfolio. Coparion has team of 8 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Portfolio Acquisitions
Portfolio Unicorns
Coparion's List of Top Investments
Coparion has a portfolio of 59 companies, including 2 unicorns. Their most notable investments are in foodcircle and Fractal.Their portfolio spans across Germany, United States, Switzerland and 2 more locations. They have invested in Enterprise Applications, High Tech, Life Sciences and 21 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Coparion:
1. Holidu
App-based meta-search platform for vacation rentals. Travelers can provide the destination, check-in/check-out, number of guests to search for vacation rental accommodations. Bookings can be done via their partner website.
Key facts about Holidu
- Founded Year: 2014
- Location: Munich (Germany)
- Annual Revenue: €50M - €100M as on Dec 31, 2022
- Stage: Series E
- Total Funding till date: $170M
- Employee Count: 822 as on Jul 31, 2026
- Investors: Vintage Investment Partners, EQT and 23 Others
- Latest Funding Round: Venture Debt, Oct 19, 2022, $*****
- 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. Grover
Online retailer of various consumer electronic devices and home appliances. It provides options to rent smartphones, tablets, computers, cameras, audio equipment, and wearables. The business also offers rental access to gaming consoles, virtual reality sets, televisions, and projectors. Furthermore, it extends to smart home devices, kitchen appliances, and other household equipment.
Key facts about Grover
- Founded Year: 2015
- Location: Miami (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $323M
- Employee Count: 317 as on Jul 31, 2026
- Investors: Kreos Capital, Viola Group and 50 Others
- Latest Funding Round: Series C, Jul 18, 2024, $*****
- Highlight: Editors' Pick
4. CLARK
Clark.io is an insurance broker aiming to become the fastest growing and most efficient in Europe. They specialize in breaking down the complex world of insurance through technology, marketing, operations, finance, and insurance products.
Key facts about CLARK
- Founded Year: 2015
- Location: Frankfurt Am Main (Germany)
- Stage: Series C
- Total Funding till date: $128M
- Employee Count: 545 as on Jul 31, 2026
- Investors: Kreos Capital, Sagard and 32 Others
- Latest Funding Round: Series C, Jan 12, 2021, $*****
5. Plan A
Provider of carbon accounting, decarbonisation, and corporate social responsibility reporting software. The company offers a platform combining technologies and scientific standards. The platform enables businesses to manage their net-zero journey, from data collection and emissions calculations to target setting and decarbonisation. The company’s software and services are developed in collaboration with its Scientific Advisory Board.
Key facts about Plan A
- Founded Year: 2017
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $40M
- Employee Count: 243 as on Jul 31, 2026
- Investors: HV Capital, Visa and 11 Others
- Latest Funding Round: Series A, Sep 19, 2023, $*****
- Highlight: Acquired
Coparion's Year-on-Year Investment Trends
Coparion has invested in 59 companies over the last 9 years, with an average of 3 new investments annually in the last 5 years. Its most recent first time investment was in Lanes & Planes and most recent follow-on round was in Tacalyx.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 4 | 4 |
2023 | 1 | 3 | 4 |
2022 | 6 | 6 | 12 |
2021 | 7 | 6 | 13 |
2020 | 9 | 2 | 11 |
2019 | 7 | 4 | 11 |
2018 | 12 | 4 | 16 |
2017 | 9 | 0 | 9 |
Coparion's Investments by Stage
Coparion has made 25 investments in Series A stage with an average round size of $7.87M, 15 investments in Seed stage with an average round size of $3.92M, 7 investments in Series B stage with an average round size of $36.4M, 2 investments in Conventional Debt stage with an average round size of $42.9M and 2 investments in Series C stage with an average round size of $43.1M.Stage of entry | No. of Investments |
|---|---|
Series A | 25 |
Seed | 15 |
Series B | 7 |
Conventional Debt | 2 |
Series C | 2 |
Note: We have considered here, only first round of investments
Coparion's Investments by Sector
Coparion has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, FinTech and Life Sciences. Notably, it has invested in 56 Tech companies, 49 Enterprise (B2B) companies, 32 Software companies and at least 23 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 26 |
High Tech | 14 |
Consumer | 10 |
FinTech | 9 |
Life Sciences | 8 |
Others | 76 |
Note: We have considered here, only first round of investments
Coparion's Investments by Geography
Coparion has made most investments in Germany (48), followed by Austria where it has made 1 investment.Country | No. of Investments |
|---|---|
Germany | 48 |
Austria | 1 |
Switzerland | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Coparion's recent investments
Coparion has not made any investment in 2026 so far.Here are the most recent investments by Coparion:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 11, 2024 | Germany | Seed | 1535 | [+6] | |
May 30, 2024 | Germany | Series A | 5521 | ||
Mar 14, 2024 | Germany | Series B | 3841 | [+12] | |
Jan 09, 2024 | Germany | Series B | 7350 | [+4] | |
Oct 16, 2023 | Germany | Series B | 7439 | [+3] |
Unicorns in Coparion's Portfolio
Coparion has 2 unicorns in its portfolio - Grover and FreshBooks. The most recent unicorn in their portfolio is Grover. It became a unicorn in 2022, 3 years after Coparion first invested in it.Here is a list of unicorns in Coparion's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Online retailer of various consumer electronic devices and home appliances | 2015 | Miami | Series C | p{geted | ||
61 | Provider of accounting software for invoicing, billing, payments, and payroll | 2003 | Toronto | Series E | qpopsgx |
IPOs and Publicly Listed companies in Coparion's Portfolio
2 of Coparion's portfolio companies have become public.Here are Coparion's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Nov 02, 2017 | Series A | 3021 | |
- | Oct 25, 2018 | Series A | 9119 |
Acquired companies in Coparion's Portfolio
14 companies from Coparion's portfolio have been acquired. The most recent acquisition was Tubulis Technologies in Apr 2026 by Gilead for $*****.Here are Coparion's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 07, 2026 | Jul 21, 2020 | Series A | 2397 | |
Feb 03, 2026 | - | - | 3590 | |
Jan 07, 2026 | Mar 09, 2021 | Seed | 5517 | |
Jun 03, 2024 | Oct 06, 2017 | Series A | 4558 | |
Mar 25, 2024 | Aug 25, 2021 | Series B | 5396 |
Team profile of Coparion
Coparion has a team of 8 members including 1 Partner and 1 Principal located in Germany. Coparion's team does not sit on the board of any company as of now.Co-investors of Coparion
Over the past 9 years, 326 investors have co-invested in Coparion's portfolio companies. This includes funds and angels.
- Invested before Coparion: HTGF, Boehringer Ingelheim Venture Fund and 67 others have invested in rounds before Coparion. There are 4 companies where HTGF has invested before Coparion and 3 companies where Boehringer Ingelheim Venture Fund has invested before Coparion.
- Top Co-investors of Coparion: 130 investors entered a company along with Coparion. These include investors like HTGF (5 companies).
- Invested after Coparion: A total of 127 investors have invested in Coparion's portfolio after their investments. Top Investors include HV Capital (3 companies), Insight Partners (2 companies) and Redstone (2 companies).
Recent News related to Coparion
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HepaRegeniX Secures €21.5 Million in Funding for Liver Regeneration TherapyGlobeNewswire•Apr 15, 2025•Wellington Partners Venture Capital, Vesalius Biocapital, Novo Holdings, Boehringer Ingelheim and 4 others
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Thermosome Initiates Final Dose Level in Phase I Trial of Lead Compound THE001Coparion•Dec 04, 2024•Coparion
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Tacalyx extends seed funding round to raise over €14mPharmaceutical Technology•Jun 11, 2024•Tacalyx, Thuja Capital, Boehringer Ingelheim Venture Fund, Kurma Partners and 5 others
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Görg advises Values Real Estate when buying a DHL logistics portfolio from DWSRecht•Mar 26, 2024•GORG, VALUES Real Estate, DWS, Coparion and 2 others
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Baker McKenzie advises EQT Life Sciences on a series B2 financing of Tubulis GmbH in the amount of EUR 128 millionRws-Verlag•Mar 15, 2024•Baker McKenzie, EQT, Tubulis Technologies, Nextech Invest and 11 others
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German biotech Tubulis cashes in on ADC ‘momentum’ with €128M financingBioPharmaDive•Mar 14, 2024•Tubulis Technologies, Life Sciences Partners, Nextech Invest, EQT and 12 others
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128 million euro round for TubulisStartbase•Mar 14, 2024•Tubulis Technologies, Nextech Invest, Bayern Kapital, Life Sciences Partners and 11 others
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The German Crypto Clean Finoa raises $ 15MCoins.fr•Jan 09, 2024•Finoa, Maven 11, Blue Bay Ventures, Balderton Capital and 3 others
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Lanes & Planes Raises $35M in Series B FinancingFinSMEs•Oct 17, 2023•Lanes & Planes, Smash Capital, Battery Ventures, Coparion and 2 others
