About Matterwave Ventures
Matterwave Ventures is a venture capital firm founded in 2021. It is primarily based out of Munich, Germany. As of Sep 2026, Matterwave Ventures is an active investor, having invested in 51 companies, with 7 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 Environment Tech. Most recently it participated in the $***** Series A round of Tusk IC Overall, Matterwave Ventures portfolio has seen 1 unicorn, 3 IPOs and 3 acquisitions including key companies like Project44, Testbirds and BigRep. A lot of funds co-invest with Matterwave Ventures, with names like Bayern Kapital sharing a substantial percentage of its portfolio. Matterwave Ventures has team of 14 people including 9 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Matterwave Ventures' List of Top Investments
Matterwave Ventures has a portfolio of 51 companies, one of which is a Unicorn. Their most notable investments are in Innerspace and Xampla.Their portfolio spans across Germany, Austria, France and 10 more locations. They have invested in Enterprise Applications, High Tech, Environment Tech and 16 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Matterwave Ventures:1. Project44
Provider of cloud-based cargo and supply chain visibility tracking solutions. It provides users with a platform that connects shippers and 3PLs to carriers through the integration of a transport management system. It enables users to pull carrier rate quotes, automate dispatch requests, track shipments, and pull images. It also offers visibility solutions such as carrier rating, workflow automation, tracking, and dynamic rate quotes. It provides solutions for industries such as retail, manufacturing, life sciences, food and beverage, and consumer goods.
Key facts about Project44
- Founded Year: 2014
- Location: Chicago (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $912M
- Employee Count: 810 as on Aug 31, 2026
- Investors: Thoma Bravo, Goldman Sachs and 26 Others
- Latest Funding Round: Series G, Nov 03, 2022, $*****
- Highlight: Editors' Pick
Operator of spacecraft providing life extension and in-orbit services. It designs, owns, and operates spacecraft to provide in-orbit services. The company's services include extending the operational life of satellites. It utilizes autonomous vision-based navigation software for its spacecraft operations.
Key facts about Infinite Orbits
- Founded Year: 2017
- Location: Toulouse (France)
- Annual Revenue: $1M - $10M as on Dec 31, 2024
- Stage: Series C
- Total Funding till date: $59.4M
- Employee Count: 153 as on Aug 31, 2026
- Investors: Matterwave Ventures, EIC Fund and 18 Others
- Latest Funding Round: Series C, Nov 17, 2025, $*****
- Highlight: Editors' Pick
3. Testbirds
Websites and mobile application crowd-testing platform. It provides testing solutions for applications of mobile devices that includes Android, iOS, Windows, Blackberry OS, web applications, wearables, and smart TV. The testers identify bugs and provide feedback. Features include prototyping, usability studies, competitive benchmarking, beta testing, bug-finding, and localization.
Key facts about Testbirds
- Founded Year: 2011
- Location: Munich (Germany)
- Stage: Acquired
- Total Funding till date: $14.7M
- Employee Count: 520 as on Aug 31, 2026
- Investors: Round2 Capital Partners, b2venture and 14 Others
- Latest Funding Round: Series B, May 01, 2023, $*****
- Highlight: Acquired
4. BigRep
Provider of diversified 3D printing equipment. It offers industrial 3D printers, 3D printing materials in filament form, and print management software. It has developed a full-scale format 3D printers based on fused filament fabrication technology. It can print with the usual plastics, but can also be set up to use a mixture of wood fibers and polymer or a sandstone-type filament.
Key facts about BigRep
5. Innatera
Provider of neuromorphic microprocessors. It leverages a computing system called spiking neural network to encode voltage spikes, realize its cognitive functions, and to encode sensor information through which the processor can mimic the brains mechanisms.
Key facts about Innatera
- Founded Year: 2018
- Location: Rijswijk (Netherlands)
- Stage: Series A
- Total Funding till date: $43.3M
- Employee Count: 124 as on Aug 31, 2026
- Investors: b2venture, Matterwave Ventures and 6 Others
- Latest Funding Round: Series A, Jun 27, 2024, $*****
- Highlight: Editors' Pick
Matterwave Ventures' Year-on-Year Investment Trends
Matterwave Ventures has invested in 51 companies over the last 4 years, with an average of 7 new investments annually in the last 3 years. In 2025, it made 8 investments, while as of Sep 2026, it has made 6 investments in this year. Its most recent first time investment was in Tusk IC and most recent follow-on round was in Ventory.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 2 | 6 |
2025 | 6 | 2 | 8 |
2024 | 9 | 2 | 11 |
2023 | 4 | 1 | 5 |
2022 | 3 | 0 | 3 |
Matterwave Ventures' Investments by Stage
Matterwave Ventures has made 12 investments in Seed stage with an average round size of $4.72M, 10 investments in Series A stage with an average round size of $14.8M, 3 investments in Series B stage with an average round size of $27.2M and 1 investment in Series C stage with an average round size of $46.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 10 |
Series B | 3 |
Series C | 1 |
Note: We have considered here, only first round of investments
Matterwave Ventures' Investments by Sector
Matterwave Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Industrial Goods and Manufacturing, Environment Tech and Sustainability Tech. Notably, it has invested in 46 Enterprise (B2B) companies, 45 Tech companies, 27 Software companies and at least 19 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 14 |
High Tech | 14 |
Industrial Goods and Manufacturing | 6 |
Environment Tech | 4 |
Sustainability Tech | 4 |
Others | 28 |
Note: We have considered here, only first round of investments
Matterwave Ventures' Investments by Geography
Matterwave Ventures has made most investments in Germany (10), followed by Austria where it has made 4 investments.Country | No. of Investments |
|---|---|
Germany | 10 |
Austria | 4 |
France | 4 |
Belgium | 2 |
Netherlands | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Matterwave Ventures' recent investments
Matterwave Ventures has made 6 investments in 2026 so far. Tusk IC and NVision Quantum are the latest among them.Here are the most recent investments by Matterwave Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 18, 2026 | Belgium | Series A | 4984 | ||
May 13, 2026 | Germany | Series B | 2499 | [+1] | |
May 12, 2026 | Belgium | Seed | 4291 | [+2] | |
May 06, 2026 | Germany | Series C | 2070 | [+7] | |
Jan 15, 2026 | Ireland | Series A | 6851 |
Unicorns in Matterwave Ventures' Portfolio
Matterwave Ventures has 1 unicorn in its portfolio - Project44. The most recent unicorn in their portfolio is Project44 which became a unicorn in 2021, 5 years before Matterwave Ventures first invested in it.Here is a list of unicorns in Matterwave Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | Provider of cloud-based cargo and supply chain visibility tracking solutions | 2014 | Chicago | Series G | roiuurx |
IPOs and Publicly Listed companies in Matterwave Ventures' Portfolio
3 of Matterwave Ventures' portfolio companies have become public. BigRep got listed on the Frankfurt Stock Exchange (FRA), in Aug 2024.Here are Matterwave Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 02, 2024 | - | - | 2020 | |
- | - | - | 8964 | |
- | - | - | 5124 |
Acquired companies in Matterwave Ventures' Portfolio
3 companies from Matterwave Ventures' portfolio have been acquired. The most recent acquisition was Testbirds in Jun 2026 by UNGUESS for $*****.Here are Matterwave Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 10, 2026 | - | - | 9235 | |
Feb 22, 2022 | - | - | 4523 | |
Nov 21, 2011 | - | - | 6027 |
Team profile of Matterwave Ventures
Matterwave Ventures has a team of 14 members including 9 Partners and 1 Principal located in Germany, France and 1 more location. Matterwave Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Matterwave Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Munich | - | - | |
Partner | Munich | - | - | |
Partner | Munich | - | ||
Partner | Munich | - | ||
Partner | Paris | - | ||
Partner | Bern | - | ||
Partner | Munich | - | ||
Partner | Berlin | - | - | |
Partner | Germany | - | - | |
Principal | Munich | - | - |
Co-investors of Matterwave Ventures
Over the past 4 years, 136 investors have co-invested in Matterwave Ventures's portfolio companies. This includes funds and angels.
- Invested before Matterwave Ventures: b2venture, Europa and 56 others have invested in rounds before Matterwave Ventures. There are 7 companies where b2venture has invested before Matterwave Ventures and 5 companies where Europa has invested before Matterwave Ventures.
- Top Co-investors of Matterwave Ventures: 60 investors entered a company along with Matterwave Ventures. These include investors like Bayern Kapital (4 companies).
- Invested after Matterwave Ventures: A total of 18 investors have invested in Matterwave Ventures's portfolio after their investments. Top Investors include Innavest (1 company), NordicNinja (1 company) and DeepTech & Climate Fonds (1 company).
Recent News related to Matterwave Ventures
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Antwerp-based TUSK IC secures €15 million for mass production of Ka-band satellite chipsEU-Startups•Sep 18, 2026•Tusk IC, FORWARD.one, Matterwave Ventures
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Ventory Raises €2.65M Funding Round Led By KBC SecuritiesStartup Rise EU•May 13, 2026•Kbc, Matterwave Ventures, Ventory, Finindus
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NVision Quantum Expands from Quantum Sensing to Quantum Computing, Raises $55 Million Series B to Advance Quantum for HealthcareWebDisclosure•May 13, 2026•Abbott, NVision Solutions, Nvision, NVision and 2 others
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Irish quantum semiconductor startup Equal1 secures €51 million round to scale silicon-based quantum computingEU-Startups•Jan 15, 2026•TNO, Elkstone, Equal1, Atlantic Bridge and 8 others
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AVES Reality Secures 2.7 Million Euros for Digital 3D TwinsVenture Capital magazine•Jan 14, 2026•xdeck, xista, Matterwave Ventures, AVES Reality and 3 others
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Deals Amplifold secures EUR 5 million seed funding Ultrasensitive Lateral Flow DiagnosticsVenture Capital magazine•Dec 10, 2025•amplifold, xista, Bayern Kapital, b2venture and 3 others
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Infinite Orbits raises €40 million to deploy its satellite fleetFrenchWeb•Nov 18, 2025•Balnord, Matterwave Ventures, Infinite Orbits, Newfund and 6 others
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Jet Investment Leads €1.8M Funding Round for Headmade Materials3D Printing Industry•Oct 08, 2025•Europa, JetZero, Matterwave Ventures, Headmade Materials and 2 others
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Vienna-based Optimuse raises €4 million seed round to scale AI-driven building engineeringEU-Startups•Oct 01, 2025•aws Gründungsfonds, Optimuse, Matterwave Ventures, Seedandspeed and 4 others
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UK's Xampla secures €12M to replace single-use plastics with plant-based alternativesSilicon Canals•Sep 03, 2025•Matterwave Ventures, Xampla, Emerald Technology Ventures, Amadeus Capital and 1 other
