About Tengelmann Ventures
Tengelmann Ventures is a venture capital firm founded in 2009. It is primarily based out of Munich, Germany. As of Jul 2025, Tengelmann Ventures has invested in 57 companies. It primarily invests in Series A round in Germany based startups. Its investments are spread across a wide range of sectors from Consumer to Retail and Enterprise Applications. Most recently it participated in the $***** Series B round of Edurino Overall, Tengelmann Ventures portfolio has seen 3 unicorns, 9 IPOs and 21 acquisitions including key companies like Uber, Klarna and Lazada. A lot of funds co-invest with Tengelmann Ventures, with names like HV Capital sharing a substantial percentage of its portfolio. Tengelmann Ventures has team of 4 people including 1 partners.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Series A, Seed & 5 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Tengelmann Ventures' List of Top Investments
Tengelmann Ventures has a portfolio of 57 companies, including 3 unicorns. Their most notable investments are in Compeon and Masterplan.Their portfolio spans across Germany, United States, Singapore and 14 more locations. They have invested in Consumer, Retail, Enterprise Applications and 26 other sectors, across stages such as Series A, Seed and 5 more. Here is the list of top investments by Tengelmann Ventures:
1. Uber
Network providing on-demand transportation, delivery, and business management solutions. It facilitates ride requests and connects individuals with transportation providers. Additionally, it offers delivery services for food and other goods. The network extends to business solutions, providing tools for managing rides, meals, and local deliveries for organizations.
Key facts about Uber
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $13.2B
- Employee Count: 167,166 as on Aug 31, 2026
- Investors: TrueBridge, InvestX and 192 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
2. Klarna
Developer of an online platform for point-of-sale financing. It enables users to purchase products within the partnered merchant network and split the cost of the purchase from the stores into interest-free payments and also works in-store. It also enables users to make instalment payments by credit or debit cards on retail purchases, receive price changes, and deal alerts. Its mobile application is available on Android and iOS platforms.
Key facts about Klarna
- Founded Year: 2005
- Location: Stockholm (Sweden)
- Stage: Public
- Total Funding till date: $4.19B
- Employee Count: 4,634 as on Aug 31, 2026
- Investors: Silver Lake, equitywestsecurities.com and 139 Others
- Latest Funding Round: Conventional Debt, Aug 21, 2025, $*****
- Highlight: Public
3. Lazada
Online retailer of diverse products providing shopping experiences and digital capabilities. It connects retailers and shoppers through technology, logistics, and payments infrastructure. The platform delivers engaging experiences customised to markets. It enables businesses to scale and grow with digital capabilities.
Key facts about Lazada
- Founded Year: 2012
- Location: Singapore (Singapore)
- Annual Revenue: $500M - $1B as on Dec 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $690M
- Employee Count: 21,571 as on Mar 31, 2026
- Investors: Access Industries, Deutsche Capital Group and 17 Others
- Latest Funding Round: Series E, Nov 29, 2014, $*****
- Highlight: Acquired
4. SumUp
Provider of card payment terminals and point of sale systems. These hardware and software tools facilitate transaction processing for merchants. The offerings include mobile card readers, self-service kiosks, and digital invoicing capabilities. Merchants utilize these tools to accept contactless payments and manage financial records. The system integrates with mobile applications to support business operations and order processing.
Key facts about SumUp
- Founded Year: 2012
- Location: Wilmington (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $997M
- Employee Count: 4,196 as on May 31, 2026
- Investors: Goldman Sachs, AllianceBernstein and 52 Others
- Latest Funding Round: Conventional Debt, May 19, 2025, $*****
- Highlight: Editors' Pick
Platform offering food ordering and delivery services. Its marketplace enables users to provide online food delivery services from restaurants and cafes. The platform provides services for the delivery of flowers, medicines, gifts, packages, and e-commerce.
Key facts about Delivery Hero
- Founded Year: 2010
- Location: Berlin (Germany)
- Annual Revenue: €1B+ as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $1.8B
- Employee Count: 42,964 as on Aug 31, 2026
- Investors: Kreos Capital, Tengelmann Ventures and 45 Others
- Latest Funding Round: Post IPO, Jan 07, 2021, $*****
- Highlight: Public
Tengelmann Ventures' Year-on-Year Investment Trends
Tengelmann Ventures has invested in 57 companies over the last 16 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 3 investments. Its most recent first time investment was in Kalialab and most recent follow-on round was in Edurino.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 2 | 3 |
2024 | 3 | 1 | 4 |
2023 | 2 | 1 | 3 |
2022 | 2 | 1 | 3 |
2021 | 3 | 1 | 4 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
2018 | 2 | 2 | 4 |
2017 | 2 | 1 | 3 |
Tengelmann Ventures' Investments by Stage
Tengelmann Ventures has made 14 investments in Series A stage with an average round size of $8.17M, 10 investments in Seed stage with an average round size of $6.23M and 4 investments in Series B stage with an average round size of $47.2M.Stage of entry | No. of Investments |
|---|---|
Series A | 14 |
Seed | 10 |
Series B | 4 |
Series C | 3 |
Series D | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
Tengelmann Ventures' Investments by Sector
Tengelmann Ventures has a diverse portfolio, with companies operating in the Consumer, Retail, High Tech, Enterprise Applications and Food and Agriculture Tech. Notably, it has invested in 49 Tech companies, 35 Consumer (B2C) companies, 25 Enterprise (B2B) companies and at least 15 companies focusing on Marketplace.Sector | No. of Investments |
|---|---|
Consumer | 16 |
Retail | 13 |
High Tech | 7 |
Enterprise Applications | 6 |
Food and Agriculture Tech | 5 |
Others | 47 |
Note: We have considered here, only first round of investments
Tengelmann Ventures' Investments by Geography
Tengelmann Ventures has made most investments in Germany (28), followed by France where it has made 1 investment.Country | No. of Investments |
|---|---|
Germany | 28 |
France | 1 |
Luxembourg | 1 |
Mexico | 1 |
Philippines | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Tengelmann Ventures' recent investments
Tengelmann Ventures has not made any investment in 2026 so far.Here are the most recent investments by Tengelmann Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 04, 2025 | Germany | Series B | 6224 | [+9] | |
2025 | Germany | Seed | 9772 | ||
Mar 27, 2025 | Germany | Series B | 7989 | ||
Dec 05, 2024 | Germany | Series B | 6591 | ||
Nov 12, 2024 | Germany | Series A | 9448 | [+5] |
Unicorns in Tengelmann Ventures' Portfolio
Tengelmann Ventures has 3 unicorns in its portfolio - Scalable Capital, SumUp and Cabify. The most recent unicorn in their portfolio is Scalable Capital. It became a unicorn in 2021.Here is a list of unicorns in Tengelmann Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | Provider of a digital investment and brokerage platform | 2014 | Munich | Series F | mrtmirl | ||
83 | Provider of payment processing hardware and financial management software tools | 2012 | Wilmington | Series E | b{n{tga | ||
71 | Provider of ride-hailing, taxi, and delivery services via a mobile application | 2011 | Madrid | Series E | injrqeb |
IPOs and Publicly Listed companies in Tengelmann Ventures' Portfolio
9 of Tengelmann Ventures' portfolio companies have become public. Klarna got listed on the New York Stock Exchange (NYSE), in Sep 2025 at marketcap of $15.1B and Global Fashion Group got listed on the Frankfurt Stock Exchange (FRA) at marketcap of $1.08B.Here are Tengelmann Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 10, 2025 | - | - | 5905 | |
Jul 02, 2019 | Apr 07, 2015 | Series C | 4509 | |
May 09, 2019 | - | - | 7440 | |
Apr 12, 2019 | - | - | 2195 | |
Oct 09, 2018 | Nov 16, 2013 | Series C | 3682 |
Acquired companies in Tengelmann Ventures' Portfolio
21 companies from Tengelmann Ventures' portfolio have been acquired. The most recent acquisition was Blickfeld in Dec 2025 by Senstar for $*****.Here are Tengelmann Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 09, 2025 | Dec 07, 2021 | Series A | 5793 | |
Nov 13, 2025 | Sep 19, 2018 | Series A | 7051 | |
Sep 04, 2025 | - | - | 1207 | |
Jan 09, 2025 | Nov 04, 2015 | Series A | 5876 | |
Jun 01, 2024 | - | - | 2128 |
Team profile of Tengelmann Ventures
Tengelmann Ventures has a team of 4 members including 1 Partner and 1 Principal located in Germany and United States. Tengelmann Ventures' team sits on the board of 1 company.Here is a list of all team members in Tengelmann Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Munich | |||
Partner | Greenwich | - | - | |
Principal | Munich | - | - |
Co-investors of Tengelmann Ventures
Over the past 16 years, 233 investors have co-invested in Tengelmann Ventures's portfolio companies. This includes funds and angels.
- Invested before Tengelmann Ventures: HV Capital, Summit Partners and 85 others have invested in rounds before Tengelmann Ventures. There are 4 companies where HV Capital has invested before Tengelmann Ventures and 3 companies where Summit Partners has invested before Tengelmann Ventures.
- Top Co-investors of Tengelmann Ventures: 49 investors entered a company along with Tengelmann Ventures. These include investors like HV Capital (5 companies).
- Invested after Tengelmann Ventures: A total of 97 investors have invested in Tengelmann Ventures's portfolio after their investments. Top Investors include Rocket Internet (4 companies), HV Capital (4 companies) and Access Industries (3 companies).
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