About HTGF
HTGF is a venture capital firm founded in 2005. It is primarily based out of Bonn, Germany. As of Oct 2026, HTGF is an active investor, having invested in 773 companies, with 36 new investments in the last 12 months. It primarily invests in Seed 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 $***** Series B round of Rabot Overall, HTGF portfolio has seen 2 unicorns, 18 IPOs and 142 acquisitions including key companies like EGYM, envelio and Commercetools. A lot of funds co-invest with HTGF, with names like Bayern Kapital sharing a substantial percentage of its portfolio. HTGF has team of 80 people including 20 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 8 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
HTGF's List of Top Investments
HTGF has a portfolio of 773 companies, including 2 unicorns. Their most notable investments are in Thermosome and plista.Their portfolio spans across Germany, Switzerland, United States and 17 more locations. They have invested in Enterprise Applications, High Tech, Life Sciences and 36 other sectors, across stages such as Seed, Series A and 8 more. Here is the list of top investments by HTGF:1. EGYM
Provider of smart exercising equipment and mobile-based app for trainers and individuals. The platform offers different types of exercising equipment for the users. Also, it offers an app for fitness trainers to manage their clients. Users can also access the different workout programs offered by fitness experts.
Key facts about EGYM
- Founded Year: 2010
- Location: Munich (Germany)
- Annual Revenue: £1M - £10M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $580M
- Employee Count: 316 as on Sep 30, 2026
- Investors: Meritech, Kreos Capital and 23 Others
- Latest Funding Round: Series G, Sep 25, 2024, $*****
- Highlight: Editors' Pick
2. Orbex
Orbex is an online trading platform for forex, metals, energies, and indices. It is MT4 based trading platform for web and mobile users. It has partnership programs- IB, asset managers, institutional clients, and a white label program. Its services include trading central, trade lab, strategizer, free VPS, and auto trading. It also provides various research, analysis, and trading tools.
Key facts about Orbex
- Founded Year: 2011
- Location: Limassol (Cyprus)
- Stage: Series C
- Total Funding till date: $45.7M
- Employee Count: 117 as on Sep 30, 2026
- Investors: Octopus Ventures, Heartcore Capital and 3 Others
- Latest Funding Round: Series C, Oct 18, 2022, $*****
3. DcubeD
Manufacturer of deployable mechanisms, actuators, antennas, and solar arrays for spacecraft. The company provides release actuators, release nuts, pin pullers, and body-mounted, rigid-deployable, origami, and flexible blanket solar arrays. It also offers tunable monopole antennas and in-space manufacturing solutions. These products enable efficient stowage during launch and maximize spacecraft performance in orbit.
Key facts about DcubeD
- Founded Year: 2019
- Location: Munich (Germany)
- Stage: Series A
- Total Funding till date: $4.8M
- Employee Count: 79 as on Sep 30, 2026
- Investors: BayBG Venture Capital, Decisive Point and 6 Others
- Latest Funding Round: Series A, Aug 05, 2024, $*****
- Highlight: Editors' Pick
4. INERATEC
Provider of chemical reactor technology to converts gases into liquid fuels. It develops multiple conversion processes, such as gas-to-liquid technology that can convert associated natural gas, flared gas, and renewable gas into synthetic hydrocarbons and fuels, power-to-gas technology that can convert hydrocarbon and carbon dioxide into synthetic natural gas, and power-to-liquid technology that converts renewable electricity and carbon dioxide into liquid, fuels, and chemical feedstocks.
Key facts about INERATEC
- Founded Year: 2015
- Location: Germany
- Stage: Series B
- Total Funding till date: $149M
- Employee Count: 137 as on Sep 30, 2026
- Investors: Samsung Venture Investment, Honda Innovations and 20 Others
- Latest Funding Round: Venture Debt, Jan 29, 2025, $*****
- Highlight: Editors' Pick
5. 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
HTGF's Year-on-Year Investment Trends
HTGF has invested in 774 companies over the last 20 years, with an average of 37 new investments annually in the last 10 years. In 2025, it made 55 investments, while as of Oct 2026, it has made 50 investments in this year. Its most recent first time investment was in UseToday and most recent follow-on round was in Rabot.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 30 | 20 | 50 |
2025 | 31 | 24 | 55 |
2024 | 35 | 31 | 66 |
2023 | 46 | 14 | 60 |
2022 | 33 | 30 | 63 |
2021 | 34 | 19 | 53 |
2020 | 39 | 22 | 61 |
2019 | 46 | 16 | 62 |
2018 | 34 | 17 | 51 |
2017 | 35 | 16 | 51 |
HTGF's Investments by Stage
HTGF has made 593 investments in Seed stage with an average round size of $2.37M, 74 investments in Series A stage with an average round size of $8.67M and 8 investments in Series B stage with an average round size of $10.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 593 |
Series A | 74 |
Series B | 8 |
Unattributed | 7 |
Series C | 3 |
Others | 7 |
Note: We have considered here, only first round of investments
HTGF's Investments by Sector
HTGF has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, Sustainability Tech and Vertical SaaS. Notably, it has invested in 622 Tech companies, 574 Enterprise (B2B) companies, 352 Software companies and at least 174 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 261 |
High Tech | 163 |
Life Sciences | 159 |
Sustainability Tech | 80 |
Vertical SaaS | 75 |
Others | 740 |
Note: We have considered here, only first round of investments
HTGF's Investments by Geography
HTGF has made most investments in Germany (595), followed by Switzerland where it has made 26 investments.Country | No. of Investments |
|---|---|
Germany | 595 |
Switzerland | 26 |
United States | 16 |
United Kingdom | 9 |
Netherlands | 8 |
Others | 30 |
Note: We have considered here, only first round of investments
HTGF's recent investments
HTGF has made 50 investments in 2026 so far. Rabot and UseToday are the latest among them.Here are the most recent investments by HTGF:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 15, 2026 | - | Series B | 3611 | [+6] | |
Oct 08, 2026 | Denmark | Seed | 6454 | [+3] | |
Oct 06, 2026 | Belgium | Series A | 4228 | [+2] | |
Oct 06, 2026 | - | Seed | 1622 | [+2] | |
Sep 24, 2026 | Germany | Series A | 7069 | [+1] |
Unicorns in HTGF's Portfolio
HTGF has 2 unicorns in its portfolio - Proxima Fusion and EGYM. The most recent unicorn in their portfolio is Proxima Fusion. It became a unicorn in 2026, 3 years after HTGF first invested in it.Here is a list of unicorns in HTGF's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
62 | Developer of fusion power plants | 2023 | Munich | Series A | gzogxnc | ||
71 | Provider of smart exercising equipment and mobile-based app for trainers and individuals | 2010 | Munich | Series G | ijxno{i |
IPOs and Publicly Listed companies in HTGF's Portfolio
18 of HTGF's portfolio companies have become public. Mister Spex got listed on the Frankfurt Stock Exchange (FRA), in Jul 2021 at marketcap of $930M and NFON got listed on the Frankfurt Stock Exchange (FRA) at marketcap of $197M.Here are HTGF's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 02, 2021 | - | - | 7253 | |
May 31, 2018 | Nov 29, 2010 | Series A | 9201 | |
May 06, 2015 | Sep 15, 2010 | Seed | 7223 | |
Apr 17, 2014 | Sep 27, 2016 | Post IPO | 7087 | |
- | Oct 21, 2013 | Seed | 3401 |
Acquired companies in HTGF's Portfolio
142 companies from HTGF's portfolio have been acquired. The most recent acquisition was Madefrigor in Sep 2026 by Frigoveneta for $*****.Here are HTGF's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 24, 2026 | - | - | 5448 | |
Sep 04, 2026 | Oct 13, 2022 | Seed | 5686 | |
Aug 24, 2026 | Jan 24, 2017 | Seed | 1669 | |
Jun 03, 2026 | Nov 12, 2019 | Seed | 1004 | |
Jun 01, 2026 | Jul 03, 2019 | Seed | 3301 |
Team profile of HTGF
HTGF has a team of 80 members including 20 Partners and 17 Principals located in Germany and United States. HTGF's team sits on the board of 1 company.Here is a list of top team members in HTGF:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Hamburg | - | ||
Partner | Berlin | - | - | |
Partner | Berlin | - | ||
Partner | Bonn | - | ||
Partner | Bonn | - | ||
Partner | Cologne | - | ||
Partner | Bonn | - | ||
Partner | Bonn | - | ||
Partner | Munich | - | ||
Partner | Bonn | - | ||
Partner | Bonn | - |
Co-investors of HTGF
Over the past 20 years, 1547 investors have co-invested in HTGF's portfolio companies. This includes funds and angels.
- Invested before HTGF: Europa, Venture Kick and 103 others have invested in rounds before HTGF. There are 20 companies where Europa has invested before HTGF and 12 companies where Venture Kick has invested before HTGF.
- Top Co-investors of HTGF: 627 investors entered a company along with HTGF. These include investors like Bayern Kapital (66 companies).
- Invested after HTGF: A total of 815 investors have invested in HTGF's portfolio after their investments. Top Investors include Europa (60 companies), EIC Fund (34 companies) and Kfw (19 companies).
Recent News related to HTGF
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Copenhagen's TODAY raises €2.8 million for AI agents in financial and insurance advisoryEU-Startups•Oct 08, 2026•HTGF, Insurtech Gateway
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German startup Finches raises €2 million for AI early warnings in agricultural sourcingEU-Startups•Oct 08, 2026•HTGF, Finches, Bayern Kapital, Vanagon Ventures
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Arcos Secures €5.5M Funding to Enhance Critical Infrastructure SecurityTech.eu•Sep 18, 2026•HTGF, Bayern Kapital
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Syte Secures 9 Million Euros in Series A Funding Roundmajunke.com•Sep 17, 2026•HTGF, Amberra, Syte, Schwarz Gruppe
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Jaipur Robotics raises €4.3M Seed funding for AI-powered waste management solutionsChemeurope•Sep 09, 2026•HTGF, EquityPitcher Ventures, Jaipur Robotics
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Veridue Raises $4M to Accelerate Energy and Data Center Due DiligenceTechStartups.com•Sep 08, 2026•Episode 1 Ventures, HTGF, Pi-labs
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Inleap Photonics Secures 20 Million Euros for Laser-Based Drone DefenseTrending Topics•Sep 01, 2026•Inleap-Photonics, UVC Partners, HTGF
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HTGF Launches Fundraising for its Fifth Seed Fundmajunke.com•Aug 26, 2026•HTGF, EquityPitcher Ventures
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Revier Therapeutics Raises €6M in Seed FundingFinSMEs•Aug 25, 2026•Revier Therapeutics, VORNvc Management, HTGF
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