About Munich Venture Partners
Munich Venture Partners is a venture capital firm founded in 2005. It is primarily based out of Munich, Germany. As of Jan 2022, Munich Venture Partners has invested in 22 companies. It primarily invests in Series A round in Germany based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Environment Tech. Most recently it participated in the $***** Series D round of Electrochaea Overall, Munich Venture Partners portfolio has seen 10 acquisitions including key companies like Sonnen, Relayr and GreenCom Networks. A lot of funds co-invest with Munich Venture Partners, with names like Kfw sharing a substantial percentage of its portfolio. Munich Venture Partners has team of 5 people including 4 partners.Key Metrics
Munich Venture Partners' List of Top Investments
Munich Venture Partners has a portfolio of 22 companies. Their most notable investments are in Luxexcel and asgoodasnew.Their portfolio spans across Germany, United States, Netherlands and 1 more locations. They have invested in High Tech, Enterprise Applications, Environment Tech and 15 other sectors, across stages such as Series A, Series B and 2 more. Here is the list of top investments by Munich Venture Partners: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: €100M - €500M as on Dec 31, 2021
- Stage: Acquired
- Total Funding till date: $180M
- Employee Count: 529 as on May 31, 2026
- Investors: Shell, SET Ventures and 9 Others
- Latest Funding Round: Conventional Debt, Jan 17, 2019, $*****
- Highlight: Acquired
2. Kebony
Key facts about Kebony
- Founded Year: 1997
- Location: Oslo (Norway)
- Annual Revenue: $10M - $50M as on Dec 31, 2019
- Stage: Series C
- Total Funding till date: $87.3M
- Employee Count: 108 as on Jul 31, 2026
- Investors: Arts Alliance Ventures, Lightrock and 9 Others
- Latest Funding Round: Series C, Oct 28, 2021, $*****
3. Relayr
relayr is a provider of enterprise middleware and Internet of Things solutions for the digital transformation of industries. The product line comprises of an IoT middleware platform, edge device management platform, and an IoT analytics & insights platform. The IoT middleware platform enables device data to be collated and communicated between any service, sensor, software, or hardware. It enables managing devices using multiple protocols or vendor-specific proprietary management protocols. The device management software provides all the tools necessary to maintain the IIoT deployment and keep it running for years with minimum downtime. The analytics platform uses AI to deliver actionable insights and also comes with predictive maintenance functionality. The company also provides end-to-end integration services and develops retrofit hardware solutions that enable the collection of business-critical data. Partners include Google Cloud, ARM, Bosch, C3 IoT, Cisco, Dell, L&T Technology, Intel and more. The company was acquired by Munich Re (via its HSB subsidiary) in 2018.
Key facts about Relayr
- Founded Year: 2013
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $86.2M
- Employee Count: 50 - 199 as on Mar 01, 2026
- Investors: B37 Ventures, Kleiner Perkins and 20 Others
- Latest Funding Round: Series C, Feb 19, 2018, $*****
- Highlight: Acquired
GreenCom is a cloud & AI-based mesh networking management solutions provider. It has developed an IoT platform to optimize the share of distributed energy assets and end consumer demand. The GreenCom Network is one of the key applications based on Energy IoT Plattform which allows the aggregation of various electricity producers and consuming assets. Can be used to provide energy autarky services, energy optimization in HVAC systems, decentralized energy management, and district energy distribution. Combining it with external data and self-learning algorithms it can control the various assets to maximize returns.GreenCom’s X-Manager Application allows the visualization and control of a large number of different devices including PV Systems, Storage units, Heat Pumps, Electric Vehicles, CHP Plants, Electrical Heaters and Air Conditions at consumer locations.
Key facts about GreenCom Networks
- Founded Year: 2011
- Location: Munich (Germany)
- Stage: Acquired
- Total Funding till date: $17.8M
- Employee Count: 2,940 as on May 31, 2026
- Investors: Shell, SET Ventures and 17 Others
- Latest Funding Round: Series C, Dec 02, 2020, $*****
- Highlight: Acquired
5. asgoodasnew
asgoodasnew is an online platform for refurbished electronic products. The company sells mobile phones, MacBooks, tablets, smartwatches, notebooks & related accessories. A few of the brands associated with the company are Apple, Samsung, Asus, One Plus, Google, Honor, and more. Additionally, the company also sells products which are tested for quality check & sold through the platform.
Key facts about asgoodasnew
- Founded Year: 2008
- Location: Frankfurt (Germany)
- Annual Revenue: €50M - €100M as on Dec 31, 2018
- Stage: Series C
- Total Funding till date: $34.5M
- Employee Count: 95 as on Jul 31, 2026
- Investors: Redstone, Crosslantic Capital and 22 Others
- Latest Funding Round: Series C, Dec 11, 2020, $*****
- Highlight: Editors' Pick
Munich Venture Partners' Year-on-Year Investment Trends
Munich Venture Partners has invested in 22 companies over the last 20 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Novihum and most recent follow-on round was in Electrochaea.Munich Venture Partners' Investments by Stage
Munich Venture Partners has made 12 investments in Series A stage with an average round size of $7.1M, 3 investments in Series B stage with an average round size of $6.34M, 2 investments in Series C stage with an average round size of $8.07M and 1 investment in Seed stage.Stage of entry | No. of Investments |
|---|---|
Series A | 12 |
Series B | 3 |
Series C | 2 |
Seed | 1 |
Note: We have considered here, only first round of investments
Munich Venture Partners' Investments by Sector
Munich Venture Partners has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Sustainability Tech, Energy Tech and Environment Tech. Notably, it has invested in 14 Tech companies, 13 Enterprise (B2B) companies, 11 Software companies and at least 6 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
High Tech | 9 |
Enterprise Applications | 5 |
Sustainability Tech | 5 |
Energy Tech | 3 |
Environment Tech | 3 |
Others | 17 |
Note: We have considered here, only first round of investments
Munich Venture Partners' Investments by Geography
Munich Venture Partners has made most investments in Germany (12), followed by United States where it has made 4 investments.Country | No. of Investments |
|---|---|
Germany | 12 |
United States | 4 |
Netherlands | 1 |
Norway | 1 |
Note: We have considered here, only first round of investments
Munich Venture Partners' recent investments
Munich Venture Partners has not made any investment in 2026 so far.Here are the most recent investments by Munich Venture Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 07, 2022 | Germany | Series D | 5616 | [+6] | |
Jun 28, 2021 | Germany | Series B | 9450 | [+6] | |
Dec 11, 2020 | Germany | Series C | 5099 | [+2] | |
Dec 02, 2020 | Germany | Series C | 2652 | [+4] | |
Feb 17, 2019 | Germany | Series A | 7134 | [+2] |
Acquired companies in Munich Venture Partners' Portfolio
10 companies from Munich Venture Partners' portfolio have been acquired. The most recent acquisition was Luxexcel in Dec 2022 by Meta for $*****.Here are Munich Venture Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 28, 2022 | Jan 14, 2014 | Series B | 4384 | |
Oct 06, 2022 | Dec 01, 2014 | Series B | 6443 | |
Aug 29, 2022 | Jul 04, 2017 | Series A | 7790 | |
Sep 04, 2018 | Nov 04, 2015 | Series A | 7953 | |
Jan 16, 2018 | - | - | 9978 |
Team profile of Munich Venture Partners
Munich Venture Partners has a team of 5 members including 4 Partners located in Germany. Munich Venture Partners' team does not sit on the board of any company as of now.Here is a list of all team members in Munich Venture Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Munich | - | ||
Partner | Munich | - | ||
Partner | Munich | - | ||
Partner | Munich | - |
Co-investors of Munich Venture Partners
Over the past 20 years, 94 investors have co-invested in Munich Venture Partners's portfolio companies. This includes funds and angels.
- Invested before Munich Venture Partners: eCAPITAL, ETF Partners and 12 others have invested in rounds before Munich Venture Partners. There is 1 company where eCAPITAL has invested before Munich Venture Partners and 1 company where ETF Partners has invested before Munich Venture Partners.
- Top Co-investors of Munich Venture Partners: 34 investors entered a company along with Munich Venture Partners. These include investors like Kfw (3 companies).
- Invested after Munich Venture Partners: A total of 46 investors have invested in Munich Venture Partners's portfolio after their investments. Top Investors include Shell (2 companies), PMV (2 companies) and Europa (2 companies).
Recent News related to Munich Venture Partners
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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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Capricorn Partners, Novax back ProlupinUnquote•Mar 18, 2020•Prolupin, Capricorn Partners, Novax, Munich Venture Partners and 4 others
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Innogy Innovation Hub invests in Greencom NetworksRenewable Energy Magazine•May 15, 2019•GreenCom Networks, Centrica, SET Ventures, Munich Venture Partners and 2 others
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Centrica to Unlock the Power of Millions of Homes With New Home Energy Management Offers and Investment Into Greencom NetworksPR Newswire•Feb 18, 2019•GreenCom Networks, Centrica, Mixergy, SET Ventures and 2 others
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Silicon Line Raises €8.2m/$9.5m in Series B Funding Round Led by Capital-EPR Newswire•Sep 10, 2018•Silicon Line, Capital-E, LRM, Munich Venture Partners and 1 other
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Prolupin’s new financing to boost plant-based growthFoodIngredientsFirst•May 14, 2018•Prolupin, eCapital, Munich Venture Partners, Tate & Lyle
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Macdoch Group leads fundraising round in GreenCom NetworksPrivate Equity Wire•Apr 17, 2018•GreenCom Networks, Munich Venture Partners, SET Ventures, Macdoch Ventures
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Luxexcel raises $10M to accelerate ophthalmic lens 3D printing platform3Ders•May 04, 2017•Luxexcel, KLA, PMV, Munich Venture Partners and 1 other
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