About HTGF
HTGF is a venture capital firm founded in 2005. It is primarily based out of Bonn, Germany. As of Jun 2026, HTGF is an active investor, having invested in 738 companies, with 32 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 A round of JUPUS Overall, HTGF portfolio has seen 1 unicorn, 18 IPOs and 138 acquisitions including key companies like EGYM, Commercetools and Tubulis Technologies. A lot of funds co-invest with HTGF, with names like Bayern Kapital sharing a substantial percentage of its portfolio. HTGF has team of 86 people including 9 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 738 companies, one of which is a Unicorn. Their most notable investments are in Inovedis and DOCTORFLIX.Their portfolio spans across Germany, Switzerland, United States and 16 more locations. They have invested in Enterprise Applications, High Tech, Life Sciences and 37 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: 315 as on May 31, 2026
- Investors: Meritech, Mayfair and 23 Others
- Latest Funding Round: Series G, Sep 25, 2024, $*****
- Highlight: Editors' Pick
2. Sdui
Communication platform for parents, teachers, and students. It offers solutions for file sharing, creating timetables and calendars, scheduling, spam prevention, and more. The application is available on Android, iOS, and Windows platforms.
Key facts about Sdui
Provider of a platform for enterprise digital commerce and related services. The platform offers solutions for B2C, B2B, and B2X commerce, along with features like AI-driven shopping and agentic commerce. It provides tools for businesses, IT, e-commerce, and finance roles, supporting industries such as retail, fashion, food, telecom, automotive, and healthcare. The platform aims to unify touchpoints and drive revenue through various channels.
Key facts about Commercetools
- Founded Year: 2006
- Location: Munich (Germany)
- Annual Revenue: £10M - £50M as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $291M
- Employee Count: 588 as on Apr 30, 2026
- Investors: Insight Partners, HTGF and 9 Others
- Latest Funding Round: Series C, Sep 13, 2021, $*****
- Highlight: Acquired
Developer of antibody-drug conjugates for the treatment of cancer. The company has proprietary technology platforms which include the Tub-tag conjugation platform, P5 conjugation platform, and Topoisomerase-I inhibitor platform to develop antibody-drug conjugates for solid and hematological tumors. It offers TUB-040 for ovarian and non-small cell lung cancer. TUB-030, TUB-050, and TUB-060 for solid tumors.
Key facts about Tubulis Technologies
- Founded Year: 2015
- Location: Munich (Germany)
- Stage: Acquired
- Total Funding till date: $615M
- Employee Count: 118 as on May 31, 2026
- Investors: Janus Henderson Investors, Deep Track Capital and 27 Others
- Latest Funding Round: Series C, Oct 15, 2025, $*****
- Highlight: Acquired
5. 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
HTGF's Year-on-Year Investment Trends
HTGF has invested in 739 companies over the last 20 years, with an average of 36 new investments annually in the last 10 years. In 2025, it made 52 investments, while as of Jun 2026, it has made 31 investments in this year. Its most recent first time investment was in AlignHealth and most recent follow-on round was in JUPUS.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 17 | 14 | 31 |
2025 | 28 | 24 | 52 |
2024 | 34 | 31 | 65 |
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 576 investments in Seed stage with an average round size of $2.13M, 73 investments in Series A stage with an average round size of $8.76M and 8 investments in Series B stage with an average round size of $10.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 576 |
Series A | 73 |
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 592 Tech companies, 550 Enterprise (B2B) companies, 339 Software companies and at least 162 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 250 |
High Tech | 158 |
Life Sciences | 154 |
Sustainability Tech | 75 |
Vertical SaaS | 74 |
Others | 736 |
Note: We have considered here, only first round of investments
HTGF's Investments by Geography
HTGF has made most investments in Germany (584), followed by Switzerland where it has made 23 investments.Country | No. of Investments |
|---|---|
Germany | 584 |
Switzerland | 23 |
United States | 15 |
Netherlands | 8 |
United Kingdom | 7 |
Others | 29 |
Note: We have considered here, only first round of investments
HTGF's recent investments
HTGF has made 31 investments in 2026 so far. JUPUS and Seqana are the latest among them.Here are the most recent investments by HTGF:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 23, 2026 | Germany | Series A | 5871 | [+2] | |
Jun 17, 2026 | Germany | Series A | 2793 | [+1] | |
Jun 15, 2026 | Germany | Seed | 3921 | [+3] | |
May 11, 2026 | Netherlands | Series A | 9191 | ||
May 11, 2026 | Germany | Seed | 6234 | [+1] |
Unicorns in HTGF's Portfolio
HTGF has 1 unicorn in its portfolio - EGYM. The most recent unicorn in their portfolio is EGYM which became a unicorn in 2024, 10 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 |
|---|---|---|---|---|---|---|---|
70 | Provider of smart exercising equipment and mobile-based app for trainers and individuals | 2010 | Munich | Series G | mssjgyu |
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 | - | - | 6232 | |
May 31, 2018 | Nov 29, 2010 | Series A | 4833 | |
May 06, 2015 | Sep 15, 2010 | Seed | 5199 | |
Apr 17, 2014 | Sep 27, 2016 | Post IPO | 8295 | |
- | Oct 21, 2013 | Seed | 3262 |
Acquired companies in HTGF's Portfolio
138 companies from HTGF's portfolio have been acquired. The most recent acquisition was Qnami in Jun 2026 by Quantum Design for $*****.Here are HTGF's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 03, 2026 | Nov 12, 2019 | Seed | 5389 | |
Jun 01, 2026 | Jul 03, 2019 | Seed | 7332 | |
Apr 29, 2026 | Jan 2019 | Seed | 2628 | |
Apr 07, 2026 | Jul 21, 2020 | Series A | 3996 | |
Dec 09, 2025 | Oct 20, 2017 | Seed | 9103 |
Team profile of HTGF
HTGF has a team of 86 members including 9 Partners and 19 Principals located in Germany. HTGF's team does not sit on the board of any company as of now.Here is a list of top team members in HTGF:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Berlin | - | - | |
Partner | Cologne | - | ||
Partner | Bonn | - | ||
Partner | Berlin | - | ||
Partner | - | - | - | |
Partner | Hamburg | - | - | |
Partner | Cologne | - | ||
Partner | Cologne | - | - | |
Partner | Bonn | - | - | |
Principal | Bonn | - | ||
Principal | Bonn | - |
Co-investors of HTGF
Over the past 20 years, 1490 investors have co-invested in HTGF's portfolio companies. This includes funds and angels.
- Invested before HTGF: Europa, Venture Kick and 86 others have invested in rounds before HTGF. There are 20 companies where Europa has invested before HTGF and 11 companies where Venture Kick has invested before HTGF.
- Top Co-investors of HTGF: 603 investors entered a company along with HTGF. These include investors like Bayern Kapital (64 companies).
- Invested after HTGF: A total of 799 investors have invested in HTGF's portfolio after their investments. Top Investors include Europa (59 companies), EIC Fund (34 companies) and Kfw (19 companies).
Recent News related to HTGF
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NRW.BANK invests 3 million euros in Legal-Tech startup JUPUS for AI secretariatmajunke.com•Jun 23, 2026•NRW.Bank, JUPUS, Semapa Next, HTGF and 1 other
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Berlin-based Seqana secures €3.2 million to quantify soil health using satellite imageryEU-Startups•Jun 19, 2026•HTGF, Pymwymic, Seqana, Counteract and 1 other
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CollimateHealth Raises €6 Million Seed Round for Microbeam Radiation TherapyStartup Rise EU•Jun 15, 2026•VP Venture Partners, HTGF, xista, Posit and 2 others
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Qurie Secures €2.2 Million Seed Funding for Compressor-less Refrigeration TechnologyEU-Startups•May 20, 2026•HTGF
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Seed funding round NanoStruct: Food safety startup receives 2.6 million eurosTrending Topics•May 11, 2026•NanoStruct GmbH, Auxxo, HTGF, Bayern Kapital
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eyeo Secures €40 Million to Enhance Imaging Technology and Sensor PerformanceStartup Rise EU•May 11, 2026•Innovation Industries, eyeo, HTGF, Europa and 4 others
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Sedivention raises €2.9M to treat obesity with a one-time alternative to OzempicTech Funding News•May 07, 2026•BMP Ventures LLC, Sedivention, Metersbonwe, HTGF and 1 other
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Mobility Signage Secures €1.8 Million to Modernize Public Transport IT Infrastructuremajunke.com•May 04, 2026•HTGF, Mobility Signage, 2bX
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Tacalyx Secures €11 Million to Advance Lead TACA-Targeting ADC Programme Toward the ClinicWebDisclosure•Apr 29, 2026•Tacalyx, HTGF, Eurazeo, Kurma Partners and 3 others
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Primogene secures EUR 4.1M for bioactive ingredientsVenture Capital magazine•Apr 29, 2026•HTGF, Primogene, FS Life Science Investment, Sachsen and 3 others
