About Picus Capital
Picus Capital is a venture capital firm founded in 2015. It is primarily based out of Munich, Germany. As of Oct 2026, Picus Capital is an active investor, having invested in 230 companies, with 8 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 Hadrian Overall, Picus Capital portfolio has seen 9 unicorns, 1 IPO and 19 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 47 people including 19 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Picus Capital's List of Top Investments
Picus Capital has a portfolio of 230 companies, including 9 unicorns. Their most notable investments are in TaxScouts and StrideUp.Their portfolio spans across United States, Germany, United Kingdom and 23 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 human resources and international payroll compliance software tools. The platform facilitates global hiring, automated payroll processing, workforce management, and legal compliance for personnel located across different jurisdictions. It handles visa processing, equipment provisioning, benefits administration, and multi-currency payouts through a centralized digital interface. The technology automates contract generation and tax documentation to manage international teams.
Key facts about Deel
- Founded Year: 2019
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $986M
- Employee Count: 9,733 as on Aug 31, 2026
- Investors: Spark Capital, Mubadala and 57 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: 1,167 as on Aug 31, 2026
- Investors: For Good Ventures, CE Innovation Capital and 37 Others
- Latest Funding Round: Series C, Feb 14, 2023, $*****
- Highlight: Editors' Pick
3. Rain
Key facts about Rain
- Founded Year: 2002
- Location: Venice (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $164M
- Employee Count: 363 as on Aug 31, 2026
- Investors: QED Investors, Prosus and 31 Others
- Latest Funding Round: Series B, Apr 08, 2025, $*****
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: Orios Venture Partners, Trifecta Capital 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 230 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 Oct 2026, it has made 16 investments in this year. Its most recent first time investment was in Baselayer and most recent follow-on round was in Hadrian.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 11 | 16 |
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, 45 investments in Series A stage with an average round size of $15.3M and 4 investments in Series B stage with an average round size of $25M.Stage of entry | No. of Investments |
|---|---|
Seed | 106 |
Series A | 45 |
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 203 Tech companies, 151 Enterprise (B2B) companies, 125 Software companies and at least 79 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 75 |
FinTech | 55 |
Consumer | 32 |
Vertical SaaS | 27 |
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 (40), followed by Germany where it has made 38 investments.Country | No. of Investments |
|---|---|
United States | 40 |
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 16 investments in 2026 so far. Hadrian and Baselayer 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 |
|---|---|---|---|---|---|
Oct 06, 2026 | Netherlands | Series A | 2283 | [+4] | |
Sep 22, 2026 | United States | Series A | 4012 | [+3] | |
Aug 03, 2026 | United States | Series A | 2174 | [+3] | |
Jul 08, 2026 | United Kingdom | Series A | 1578 | [+2] | |
Jul 08, 2026 | Germany | Series B | 4809 | [+4] |
Unicorns in Picus Capital's Portfolio
Picus Capital has 9 unicorns in its portfolio - FINN, Blitzy, Enpal and others. The most recent unicorn in their portfolio is FINN. It became a unicorn in 2026, 6 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 |
|---|---|---|---|---|---|---|---|
67 | Provider of flexible car subscription services with fixed monthly payments | 2019 | Munich | Series D | rpzwzac | ||
64 | AI powered IT application development platform | 2023 | Cambridge | Series B | xfiqfqw | ||
67 | Provider of solar energy solutions offering purchase or rental options | 2017 | Berlin | Series D | kemtujg | ||
66 | Online platform for homeowner insurances for individuals | 2016 | Chicago | Series E | wd{gfdq | ||
64 | Provider of application for completing and submitting tax returns | 2016 | Berlin | Series D | wftfiqi |
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 | - | - | 4974 |
Acquired companies in Picus Capital's Portfolio
19 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 | - | - | 6086 | |
Apr 28, 2026 | Jul 22, 2020 | Series A | 9191 | |
Dec 24, 2025 | - | - | 8319 | |
Dec 18, 2024 | - | - | 4830 | |
Jul 31, 2024 | Mar 28, 2024 | Seed | 2987 |
Team profile of Picus Capital
Picus Capital has a team of 47 members including 19 Partners, 15 Venture Partners and 5 Principals located in Germany, United Kingdom and 5 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 | Munich | |||
Partner | United Kingdom | |||
Partner | - | |||
Partner | Munich | - | ||
Partner | London | - | ||
Partner | Bengaluru | |||
Partner | Sao Paulo | - |
Co-investors of Picus Capital
Over the past 10 years, 1299 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 229 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 531 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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Baselayer Secures $35M Series A to Build Trust Layer for Agentic EconomySiliconAngle•Sep 22, 2026•Stripe, Visa, Baselayer, M13 and 4 others
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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
