About Picus Capital
Picus Capital is a venture capital firm founded in 2015. It is primarily based out of Munich, Germany. As of Jul 2026, Picus Capital is an active investor, having invested in 211 companies, with 9 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and High Tech. Most recently it participated in the $***** Series A round of Axle Energy Overall, Picus Capital portfolio has seen 7 unicorns, 1 IPO and 18 acquisitions including key companies like Deel, Personio and Clara. A lot of funds co-invest with Picus Capital, with names like Global Founders Capital sharing a substantial percentage of its portfolio. Picus Capital has team of 64 people including 19 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Deals in last 12 months
Picus Capital's List of Top Investments
Picus Capital has a portfolio of 211 companies, including 7 unicorns. Their most notable investments are in SmartSolar and Landbase.Their portfolio spans across United States, Germany, United Kingdom and 21 more locations. They have invested in Enterprise Applications, FinTech, High Tech and 30 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Picus Capital:
1. Deel
Provider of software for payroll compliance and human resource management. This platform facilitates the administration of worker compensation, tax documentation, and benefit enrollment. It supports the management of employment contracts, visa processing, and equipment distribution for personnel. The system integrates payroll engines with automated workflows to handle recurring payments and regulatory requirements across various jurisdictions.
Key facts about Deel
- Founded Year: 2019
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $986M
- Employee Count: 9,691 as on Jun 30, 2026
- Investors: Mubadala, Green Sands Equity and 54 Others
- Latest Funding Round: Series E, Oct 16, 2025, $*****
- Highlight: Editors' Pick
2. Aspire
Digital bank for businesses. Its services include current accounts, NFC-enabled prepaid cards, money transfers, cash withdrawals, and more. It provides a business line of credit. It also provides financial tools to SMEs in order to solve cash flow management and working capital needs. The application is available on the Android and iOS platforms.
Key facts about Aspire
- Founded Year: 2018
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Dec 31, 2022
- Stage: Series C
- Total Funding till date: $200M
- Employee Count: 1,143 as on Jun 30, 2026
- Investors: CE Innovation Capital, B Capital and 35 Others
- Latest Funding Round: Series C, Feb 14, 2023, $*****
- Highlight: Editors' Pick
3. Rain
Key facts about Rain
4. Personio
Cloud-based HRMS platform for SMBs. It provides features such as payroll administration, attendance and recruitment management, onboarding, performance monitoring. The features include SSL encryption and two-factor authentication based security for the data. The product is available on the subscription-based pricing plan.
Key facts about Personio
5. WeRize
Provider of credit insurance and savings products for small town families. Its offerings include customized loans, group insurance, and savings solutions tailored for underserved households. The company aims to promote financial inclusion and upward mobility in small town India.
Key facts about WeRize
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $35.1M
- Employee Count: 417 as on Aug 31, 2025
- Investors: Trifecta Capital, Stride Ventures and 8 Others
- Latest Funding Round: Series B, Jun 04, 2026, $*****
- Highlight: Editors' Pick
Picus Capital's Year-on-Year Investment Trends
Picus Capital has invested in 211 companies over the last 10 years, with an average of 16 new investments annually in the last 10 years. In 2025, it made 14 investments, while as of Jul 2026, it has made 13 investments in this year. Its most recent first time investment was in compri and most recent follow-on round was in Axle Energy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 9 | 13 |
2025 | 9 | 5 | 14 |
2024 | 14 | 14 | 28 |
2023 | 16 | 8 | 24 |
2022 | 37 | 27 | 64 |
2021 | 33 | 18 | 51 |
2020 | 10 | 7 | 17 |
2019 | 11 | 4 | 15 |
2018 | 11 | 0 | 11 |
2017 | 10 | 4 | 14 |
Picus Capital's Investments by Stage
Picus Capital has made 106 investments in Seed stage with an average round size of $5.19M, 44 investments in Series A stage with an average round size of $14.8M and 4 investments in Series B stage with an average round size of $25M.Stage of entry | No. of Investments |
|---|---|
Seed | 106 |
Series A | 44 |
Series B | 4 |
Series C | 2 |
Post IPO | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Picus Capital's Investments by Sector
Picus Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, Vertical SaaS and Real Estate and Construction Tech. Notably, it has invested in 186 Tech companies, 136 Enterprise (B2B) companies, 113 Software companies and at least 74 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 73 |
FinTech | 54 |
Consumer | 33 |
Vertical SaaS | 23 |
Real Estate and Construction Tech | 20 |
Others | 180 |
Note: We have considered here, only first round of investments
Picus Capital's Investments by Geography
Picus Capital has made most investments in United States (39), followed by Germany where it has made 38 investments.Country | No. of Investments |
|---|---|
United States | 39 |
Germany | 38 |
United Kingdom | 12 |
France | 9 |
India | 9 |
Others | 53 |
Note: We have considered here, only first round of investments
Picus Capital's recent investments
Picus Capital has made 13 investments in 2026 so far. Axle Energy and Fuchs & Eule are the latest among them.Here are the most recent investments by Picus Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 08, 2026 | United Kingdom | Series A | 8587 | [+2] | |
Jul 08, 2026 | Germany | Series B | 3979 | [+4] | |
Jun 24, 2026 | Germany | Series D | 1629 | [+5] | |
Jun 24, 2026 | Italy | Seed | 2713 | [+2] | |
Jun 23, 2026 | France | Series A | 4384 | [+4] |
Unicorns in Picus Capital's Portfolio
Picus Capital has 7 unicorns in its portfolio - Blitzy, Enpal, Kin and others. The most recent unicorn in their portfolio is Blitzy. It became a unicorn in 2026, 1 years after Picus Capital first invested in it.Here is a list of unicorns in Picus Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
58 | AI powered IT application development platform | 2023 | Cambridge | Series B | fdwe{tt | ||
63 | Provider of solar energy solutions offering purchase or rental options | 2017 | Berlin | Series D | oiztywa | ||
66 | Online platform for homeowner insurances for individuals | 2016 | Chicago | Series E | pbsgrvv | ||
64 | Provider of application for completing and submitting tax returns | 2016 | Berlin | Series D | shkywxu | ||
70 | Provider of corporate spend management software and business credit cards | 2020 | Sao Paulo | Series B | xxatlps |
IPOs and Publicly Listed companies in Picus Capital's Portfolio
1 of Picus Capital's portfolio company became public - Catapult. It got listed on the Australian Securities Exchange (ASX), in Dec 2014.Here are Picus Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 19, 2014 | - | - | 9379 |
Acquired companies in Picus Capital's Portfolio
18 companies from Picus Capital's portfolio have been acquired. The most recent acquisition was Cypher in Jul 2026 by NIUM for $*****.Here are Picus Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 08, 2026 | - | - | 4909 | |
Apr 28, 2026 | Jul 22, 2020 | Series A | 2902 | |
Dec 24, 2025 | - | - | 4029 | |
Dec 18, 2024 | - | - | 8399 | |
Jul 31, 2024 | Mar 28, 2024 | Seed | 4275 |
Team profile of Picus Capital
Picus Capital has a team of 64 members including 19 Partners, 22 Venture Partners and 10 Principals located in Germany, United Kingdom and 8 more locations. Picus Capital's team sits on the board of 7 companies.Here is a list of top team members in Picus Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | - | - | |
Partner | Munich | - | ||
Partner | Munich | - | ||
Partner | United Kingdom | - | ||
Partner | - | |||
Partner | Munich | - | ||
Partner | London | - | ||
Partner | Bengaluru | |||
Partner | Sao Paulo | - | ||
Partner | Munich |
Co-investors of Picus Capital
Over the past 10 years, 1286 investors have co-invested in Picus Capital's portfolio companies. This includes funds and angels.
- Invested before Picus Capital: Y Combinator, Global Founders Capital and 225 others have invested in rounds before Picus Capital. There are 9 companies where Y Combinator has invested before Picus Capital and 3 companies where Global Founders Capital has invested before Picus Capital.
- Top Co-investors of Picus Capital: 537 investors entered a company along with Picus Capital. These include investors like Global Founders Capital (18 companies).
- Invested after Picus Capital: A total of 522 investors have invested in Picus Capital's portfolio after their investments. Top Investors include Endeavor (6 companies), Vorwerk Ventures (5 companies) and Goldman Sachs (4 companies).
Recent News related to Picus Capital
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Axle Energy raises €21 million in Series A funding round led by Energize CapitalStartup Rise EU•Jul 08, 2026•Energize Capital, Axle Energy, Eka Ventures, Picus Capital and 1 other
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German startup FINN hits €1B valuation in seven years by building on the belief Europeans would stop buying carsTech Funding News•Jun 24, 2026•FINN, Portage, White Star Capital, Planet First Partners and 6 others
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Tsuga raises $35 million to expand AI observabilityDataCenterNews•Jun 24, 2026•Tsuga, Singular, QuantumLight, DST Global and 6 others
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Compri closes a $3.2 million round: capital for AI software for corporate procurementla Repubblica•Jun 24, 2026•compri, Shapers, DFF Ventures, Picus Capital
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Tsuga Raises 30 Million Euros to Address AI Monitoring CostsFrenchWeb•Jun 23, 2026•Singular, General Catalyst, Singular, QuantumLight and 4 others
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Coinbase Ventures Invests in Blockworks at $192M Valuation to Bridge Crypto's Institutional Trust GapTech Funding News•Apr 29, 2026•Coinbase, Blockworks, Ventures Together, 20VC Fund and 10 others
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Silverflow Raises €37M Series B To Expand Globally And Grow TeamStartup Rise EU•Mar 05, 2026•Silverflow, Rabo Investments, Picus Capital, Inkef and 4 others
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Silverflow Closes $40 Million Series B as It Nears One Billion Transactions AnnuallyBebeez•Mar 05, 2026•Crane, Silverflow, Inkef, Coatue and 6 others
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Entire Launches with $60M to Build an AI-Focused Code Management PlatformSiliconAngle•Feb 11, 2026•Madrona, Microsoft, Felicis Ventures, Entire and 8 others
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Future Energy Ventures invests in energy startup SolarizeTrending Topics•Feb 04, 2026•Solarize, Future Energy Ventures, Point Nine, Picus Capital
