About eCAPITAL
eCAPITAL is a venture capital firm founded in 1999. It is primarily based out of Munster, Germany. As of Mar 2026, eCAPITAL is an active investor, having invested in 90 companies, with 5 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 Enterprise Infrastructure. Most recently it participated in the $***** Series B round of Cleafy Overall, eCAPITAL portfolio has seen 1 unicorn, 3 IPOs and 16 acquisitions including key companies like Sonnen, envelio and 1 COMMA 5°. A lot of funds co-invest with eCAPITAL, with names like Kfw sharing a substantial percentage of its portfolio. eCAPITAL has team of 29 people including 13 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Series A, Seed & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
eCAPITAL's List of Top Investments
eCAPITAL has a portfolio of 90 companies, one of which is a Unicorn. Their most notable investments are in Brighter AI and Exein.Their portfolio spans across Germany, Belgium, Italy and 4 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 24 other sectors, across stages such as Series A, Seed and 2 more. Here is the list of top investments by eCAPITAL:1. Sonnen
Developer of energy storage systems and smart energy solutions hardware. The company focuses on intelligent home energy storage and virtual power plants. It provides hardware and electricity contracts. The company aims to provide access to clean and affordable energy.
Key facts about Sonnen
- Founded Year: 2010
- Location: Wildpoldsried (Germany)
- Annual Revenue: €112M as on Dec 31, 2021
- Stage: Acquired
- Total Funding till date: $180M
- Employee Count: 539 as on Mar 31, 2026
- Investors: Shell, General Electric and 9 Others
- Latest Funding Round: Conventional Debt, Jan 17, 2019, $*****
- Highlight: Acquired
Ultra-early wildfire detection and forest health monitoring using IoT sensors. They provide solutions for public and private forests, leveraging a large-scale IoT sensor network. Their technology detects wildfires early and provides valuable forest insights and analytics. The company develops a wireless environmental sensor network based on LoRaWAN, enabling large-scale deployments in areas without existing network coverage. Data collected is processed using cloud-based big data tools for analytics, monitoring, and alerting. Their technology offers value across government, firefighting, utility, and rail infrastructure sectors. They are focused on forest fire protection and have a roadmap including chainsaw & gunshot detection, fuel-moisture, soil moisture sap-flow and a dendrometer to measure tree growth and carbon sequestration. They are building the infrastructure needed for scalable climate resilience. Their AI-powered, solar-driven sensors enable ultra-early detection by providing alerts in the earliest stages.
Key facts about Dryad Networks
- Founded Year: 2019
- Location: Berlin (Germany)
- Stage: Series B
- Total Funding till date: $20.6M
- Employee Count: 49 as on Mar 31, 2026
- Investors: Toba Capital, Brandenburg Capital and 13 Others
- Latest Funding Round: Grant (prize money), Oct 22, 2024, $*****
- Highlight: Editors' Pick
3. nyris
Developer of visual search technology for product and spare part identification. The technology facilitates identification using images, codes, or CAD files. It offers tools for integration into websites and applications. The platform provides capabilities to manage and monitor search solutions.
Key facts about nyris
4. envelio
Provider of AI-driven grid management software solutions. It offers an intelligent grid platform that allows users to consolidate all grid data in a validated model, manage grid operations, create grid models, digitize & automate the evaluation process, and more.
Key facts about envelio
Ferroelectric Memory Company is a provider of IPs for developing non-volatile memories using ferroelectric HfO2 technology. Offerings include manufacturing support, IC design products, and licensing services. It uses HfO2 as ferroelectric memory material and claims that the material improves multiple properties of the memories including low power write and read operations and high speed/high data throughput. It provides solutions for consumer electronics, medical, aerospace, automotive, Internet-of-Things, and security applications. The company also offers manufacturing and design licenses to manufacturers, fabless design companies, and IDMs.
Key facts about Ferroelectric Memory Company
- Founded Year: 2016
- Location: Dresden (Germany)
- Stage: Series C
- Total Funding till date: $115M
- Employee Count: 59 as on Mar 31, 2026
- Investors: Robert Bosch Venture Capital, Verve Ventures and 17 Others
- Latest Funding Round: Series C, Nov 13, 2025, $*****
- Highlight: Editors' Pick
eCAPITAL's Year-on-Year Investment Trends
eCAPITAL has invested in 90 companies over the last 21 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 5 investments, while as of Mar 2026, it has made 2 investments in this year. Its most recent first time investment was in Cleafy and most recent follow-on round was in Ferroelectric Memory Company.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 4 | 1 | 5 |
2024 | 0 | 1 | 1 |
2023 | 2 | 3 | 5 |
2022 | 4 | 2 | 6 |
2021 | 4 | 1 | 5 |
2020 | 2 | 2 | 4 |
2019 | 8 | 1 | 9 |
2018 | 2 | 1 | 3 |
2017 | 2 | 2 | 4 |
eCAPITAL's Investments by Stage
eCAPITAL has made 32 investments in Series A stage with an average round size of $16.1M, 17 investments in Seed stage with an average round size of $5.17M, 6 investments in Series B stage with an average round size of $16.9M and 2 investments in PE stage with an average round size of $42.8M.Stage of entry | No. of Investments |
|---|---|
Series A | 32 |
Seed | 17 |
Series B | 6 |
PE | 2 |
Note: We have considered here, only first round of investments
eCAPITAL's Investments by Sector
eCAPITAL has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Sustainability Tech, High Tech and Environment Tech. Notably, it has invested in 66 Enterprise (B2B) companies, 59 Tech companies, 38 Software companies and at least 22 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 26 |
Enterprise Infrastructure | 15 |
Sustainability Tech | 14 |
High Tech | 13 |
Environment Tech | 12 |
Others | 68 |
Note: We have considered here, only first round of investments
eCAPITAL's Investments by Geography
eCAPITAL has made most investments in Germany (50), followed by Italy where it has made 2 investments.Country | No. of Investments |
|---|---|
Germany | 50 |
Italy | 2 |
United States | 2 |
Belgium | 1 |
Netherlands | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
eCAPITAL's recent investments
eCAPITAL has made 2 investments in 2026 so far - Cleafy and FLEXOO.Here are the most recent investments by eCAPITAL:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 12, 2026 | Italy | Series B | 9720 | ||
Feb 25, 2026 | Germany | Series A | 1716 | ||
Nov 13, 2025 | Germany | Series C | 5506 | [+6] | |
Jul 14, 2025 | Germany | Seed | 4582 | ||
Jun 06, 2025 | Germany | Series A | 4737 | [+2] |
Unicorns in eCAPITAL's Portfolio
eCAPITAL has 1 unicorn in its portfolio - 1 COMMA 5°. The most recent unicorn in their portfolio is 1 COMMA 5° which became a unicorn in 2023, 1 years after eCAPITAL first invested in it.Here is a list of unicorns in eCAPITAL's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Provider of integrated home energy systems | 2018 | Hamburg | Series C | xybetwm |
IPOs and Publicly Listed companies in eCAPITAL's Portfolio
3 of eCAPITAL's portfolio companies have become public.Here are eCAPITAL's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Mar 05, 2012 | Series A | 9099 | |
- | Jan 12, 2015 | Seed | 8756 | |
- | Nov 24, 2014 | Series A | 3375 |
Acquired companies in eCAPITAL's Portfolio
16 companies from eCAPITAL's portfolio have been acquired. The most recent acquisition were Build38 in Jan 2026 by OneSpan.Here are eCAPITAL's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 12, 2026 | Jan 12, 2021 | Seed | 9577 | |
Apr 08, 2025 | Jul 29, 2019 | Series A | 6533 | |
Sep 04, 2023 | Jan 29, 2014 | PE | 5529 | |
Aug 01, 2023 | - | - | 1383 | |
Jun 07, 2023 | Jul 03, 2019 | Series A | 4414 |
Team profile of eCAPITAL
eCAPITAL has a team of 29 members including 13 Partners and 7 Venture Partners located in Germany. eCAPITAL's team sits on the board of 1 company.Here is a list of top team members in eCAPITAL:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Munster | - | ||
Partner | Munster | - | ||
Partner | Bochum | - | ||
Partner | Germany | - | ||
Partner | Germany | - | ||
Partner | Berlin | - | ||
Partner | Berlin | - | ||
Partner | Germany | - | - | |
Partner | Germany | - | - | |
Partner | - | - | ||
Partner | Cologne | - | - |
Co-investors of eCAPITAL
Over the past 21 years, 217 investors have co-invested in eCAPITAL's portfolio companies. This includes funds and angels.
- Invested before eCAPITAL: HTGF, Europa and 72 others have invested in rounds before eCAPITAL. There are 11 companies where HTGF has invested before eCAPITAL and 4 companies where Europa has invested before eCAPITAL.
- Top Co-investors of eCAPITAL: 59 investors entered a company along with eCAPITAL. These include investors like Kfw (3 companies).
- Invested after eCAPITAL: A total of 84 investors have invested in eCAPITAL's portfolio after their investments. Top Investors include Europa (11 companies), eCapital (7 companies) and EIC Fund (6 companies).
Recent News related to eCAPITAL
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Flexoo secures 11 million euros in Series A funding roundTrending Topics•Feb 25, 2026•FLEXOO, AUMOVIO, eCAPITAL, eCapital
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Osborne Clarke advises Node.ENERGY at Series-B financing round over EUR 15 millionRecht•May 06, 2025•node.energy, DeepTech & Climate Fonds, eCAPITAL, HTGF and 3 others
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Apheris AI’s $8.25 Million Series A Financing RoundGlobal Legal Chronicle•Feb 11, 2025•Greenberg Traurig, OTB Ventures, Apheris, eCAPITAL
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Corteco Expands to Norway Through the Acquisition of A. Hansen Gruppen ASMynewsdesk•Dec 19, 2023•Ahansen, Corteco, Prolupin, Capricorn Partners and 3 others
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POELLATH advises QuoIntelligence on EUR 5 million seed financing roundmajunke.com•Aug 16, 2023•QuoIntelligence, eCAPITAL, POELLATH
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QuoIntelligence secures €5 million seed fundingmajunke.com•Jul 27, 2023•QuoIntelligence, DeepTech Ventures, eCAPITAL
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Frankfurt-based Quointelligence Secures €5 Million To Super Spread Threat Intelligence AwarenessEU-Startups•Jul 27, 2023•QuoIntelligence, DeepTech Ventures, eCAPITAL, VMRay and 2 others
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Build38 Raises €13M in Series A FundingFinSMEs•Feb 07, 2023•Build38, Tikehau Capital, eCAPITAL, Caixa Capital Risc
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This is what the pitch deck looks like, with Liefergrün convincing the logistics giant DB SchenkerBusiness Insider Deutschland•Oct 20, 2022•Liefergrun, eCAPITAL, Speedinvest, Norrsken VC and 2 others
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Dryad closes €10.5m in Series A funding round led by eCAPITALPrivate Equity Wire•Aug 23, 2022•Dryad Networks, eCapital, Toba Capital, Semtech and 2 others
