About MBG
MBG is a venture capital firm founded in 1971. It is primarily based out of Stuttgart, Germany. As of Oct 2025, MBG is an active investor, having invested in 67 companies, with 2 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 $***** Seed round of Enzo Overall, MBG portfolio has seen 1 IPO and 13 acquisitions including key companies like Quality Match, BrandMaker and sevDesk. A lot of funds co-invest with MBG, with names like HTGF sharing a substantial percentage of its portfolio. MBG has team of 17 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
MBG's List of Top Investments
MBG has a portfolio of 67 companies. Their most notable investments are in 4GENE and FinMatch.Their portfolio spans across Germany and United States. They have invested in Enterprise Applications, High Tech, Life Sciences and 22 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by MBG:1. HyImpulse
Manufacturer of small satellites and rockets. It provides users with hybrid rocket engines using advanced paraffin-based fuels and liquid oxygen. The advanced paraffin-based fuels have a high regression rate and are mechanically stable.
Key facts about HyImpulse
- Founded Year: 2018
- Location: Neuenstadt Am Kocher (Germany)
- Stage: Series A
- Total Funding till date: $75.4M
- Employee Count: 97 as on Aug 31, 2026
- Investors: EIC Fund, BW Capital Partners and 16 Others
- Latest Funding Round: Series A, Sep 02, 2026, $*****
- Highlight: Editors' Pick
Provider of space return services for research and manufacturing purposes. The company focuses on affordable, regular, and reliable return transport, particularly for life science applications. It offers return capabilities for micro-gravity research, including monoclonal antibodies, stem cells, organoids, and protein crystallization. The service aims to address challenges related to cost, lead times, repeatability, and reliability in space cargo logistics.
Key facts about ATMOS Space Cargo
- Founded Year: 2021
- Location: Rheinmunster (Germany)
- Stage: Series A
- Total Funding till date: $48.2M
- Employee Count: 105 as on Aug 31, 2026
- Investors: APEX Ventures, Keen Venture Partners and 18 Others
- Latest Funding Round: Series A, Apr 22, 2026, $*****
- Highlight: Editors' Pick
3. CorTec
Manufacturer of active implantable neurotechnology devices, components, and sub-assemblies. They offer design, development, and manufacturing services for medical devices. The company provides cuff electrodes, grid electrodes, paddle and strip electrodes, and percutaneous electrodes. Services include electronics and software development, prototyping, testing, and validation. The Brain Interchange System is available for pre-clinical and clinical research.
Key facts about CorTec
- Founded Year: 2010
- Location: Freiburg im Breisgau (Germany)
- Stage: Series C
- Total Funding till date: $21.6M
- Employee Count: 94 as on Sep 30, 2026
- Investors: EIC Fund, Santo Venture Capital and 7 Others
- Latest Funding Round: Grant (prize money), Feb 14, 2023, $*****
- Highlight: Editors' Pick
Dataset quality assurance SaaS platform. It offers configurable, dataset bootstrapping solutions for creating auditable computer vision datasets. It provides annotation and dataset analytics platforms, such as HARI, which is a semi-automated user interface for data curation, annotation, and model analysis of vision-based datasets.
Key facts about Quality Match
- Founded Year: 2019
- Location: Heidelberg (Germany)
- Stage: Acquired
- Total Funding till date: $6.03M
- Employee Count: 2 as on Sep 30, 2026
- Investors: FoodVentures, Intel Ignite and 17 Others
- Latest Funding Round: Seed, Mar 01, 2021, $*****
- Highlight: Acquired
5. BrandMaker
BrandMaker provides Marketing Resource Management (MRM) systems. The SaaS-based solutions help organizations in managing marketing campaigns and budgets, streamline branding, manage the development of marketing collateral and manage local companies, dealer networks or affiliates in maintaining marketing uniformity. The company also provides training, integration and consulting service. Clients include Audi, Bayer, Ernst & Young, Hewlett Packard, Humana, Kyocera, Maybank, Roche, and UBS.
Key facts about BrandMaker
- Founded Year: 1999
- Location: Karlsruhe (Germany)
- Annual Revenue: £10M - £50M as on Dec 31, 2018
- Stage: Acquired
- Total Funding till date: $30M
- Employee Count: 40 as on Sep 30, 2026
- Investors: ViewPoint Capital Partners, eCAPITAL and 12 Others
- Latest Funding Round: Series B, Nov 21, 2016, $*****
- Highlight: Acquired
MBG's Year-on-Year Investment Trends
MBG has invested in 67 companies over the last 24 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 7 investments. Its most recent first time investment was in Enzo and most recent follow-on round was in ATMOS Space Cargo.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 7 | 0 | 7 |
2024 | 6 | 1 | 7 |
2023 | 4 | 0 | 4 |
2022 | 1 | 1 | 2 |
2021 | 0 | 1 | 1 |
2020 | 0 | 0 | 0 |
2019 | 2 | 0 | 2 |
2018 | 1 | 0 | 1 |
2017 | 4 | 0 | 4 |
MBG's Investments by Stage
MBG has made 24 investments in Seed stage with an average round size of $2.73M, 9 investments in Series A stage with an average round size of $6.16M, 1 investment in Series B stage with an average round size of $4.98M and 1 investment in Series C stage.Stage of entry | No. of Investments |
|---|---|
Seed | 24 |
Series A | 9 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
MBG's Investments by Sector
MBG has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, Vertical SaaS and FinTech. Notably, it has invested in 43 Tech companies, 42 Enterprise (B2B) companies, 25 Software companies and at least 14 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 16 |
High Tech | 12 |
Life Sciences | 9 |
Vertical SaaS | 7 |
FinTech | 4 |
Others | 39 |
Note: We have considered here, only first round of investments
MBG's Investments by Geography
MBG has made most investments in Germany (33), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Germany | 33 |
United States | 2 |
Note: We have considered here, only first round of investments
MBG's recent investments
MBG has not made any investment in 2026 so far.Here are the most recent investments by MBG:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 21, 2025 | Germany | Seed | 8836 | ||
Oct 16, 2025 | Germany | Series A | 5546 | [+6] | |
2025 | Germany | Seed | 9653 | - | |
Sep 25, 2025 | Germany | Seed | 5623 | ||
Apr 28, 2025 | Germany | Seed | 2043 | - |
IPOs and Publicly Listed companies in MBG's Portfolio
1 of MBG's portfolio company became public - ImmerSight.Here are MBG's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Oct 17, 2014 | Seed | 7953 |
Acquired companies in MBG's Portfolio
13 companies from MBG's portfolio have been acquired. The most recent acquisition was Adlatus in Aug 2026 by NEURA for $*****.Here are MBG's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 24, 2026 | Jan 24, 2017 | Seed | 6082 | |
Dec 01, 2025 | - | - | 1369 | |
Jan 07, 2025 | Sep 05, 2017 | Series A | 7900 | |
May 02, 2024 | - | - | 3556 | |
Apr 30, 2024 | - | - | 7797 |
Team profile of MBG
MBG has a team of 17 members including 2 Partners and 1 Principal located in Germany. MBG's team does not sit on the board of any company as of now.Here is a list of top team members in MBG:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Germany | - | ||
Partner | Stuttgart | - | ||
Principal | Stuttgart | - | - |
Co-investors of MBG
Over the past 24 years, 123 investors have co-invested in MBG's portfolio companies. This includes funds and angels.
- Invested before MBG: HTGF, Gov and 30 others have invested in rounds before MBG. There are 7 companies where HTGF has invested before MBG and 1 company where Gov has invested before MBG.
- Top Co-investors of MBG: 55 investors entered a company along with MBG. These include investors like HTGF (9 companies).
- Invested after MBG: A total of 36 investors have invested in MBG's portfolio after their investments. Top Investors include Start-up BW (2 companies), Join Capital (1 company) and Ace Capital Partners (1 company).
Recent News related to MBG
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Build.One Secures Funding from Start-up BW Innovation FondsVenture Capital magazine•Apr 28, 2025•Build.One, MBG
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Ilariz Receives Seed Financing For Digitization Of Sheet Metal FormingVenture Capital magazine•Sep 20, 2024•iLARIZ, Kreissparkasse Esslingen Nurtingen, ES Capital Partners, MBG
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Seed financing round according to BASF-incubatorVenture Capital magazine•Jun 12, 2024•Loady, Start-up BW, MBG Berlin-Brandenburg, Chemovator and 2 others
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1.6 million euro investment for XITO: seed financing for easily accessible roboticsMBG•Feb 22, 2024•MBG, XITO, Toolify, AiCoBot and 1 other
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Inovedis Announces Close of Series A Funding RoundPR Newswire•Oct 05, 2023•Inovedis, HTGF, MBG, Start-up BW and 6 others
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DearEmployee secures fresh capital in pre-Series A for further expansion and expansion of its market position.MBG•Apr 24, 2023•DearEmployee, MBG, Osborne Clarke, Brandenburg Capital and 2 others
