About True Growth Capital
True Growth Capital is a venture capital firm founded in 2019. It is primarily based out of Berlin, Germany. As of Jun 2022, True Growth Capital has invested in 34 companies. It primarily invests in Seed round in Germany based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and Life Sciences. Most recently it participated in the $***** Seed round of THE BASE CLUB Overall, True Growth Capital portfolio has seen 1 IPO and 6 acquisitions including key companies like BioNTech, Movinga and Caroobi. A lot of funds co-invest with True Growth Capital, with names like IBB Ventures sharing a substantial percentage of its portfolio. True Growth Capital has team of 9 people including 5 partners.True Growth Capital's List of Top Investments
True Growth Capital has a portfolio of 34 companies. Their most notable investments are in THE BASE CLUB and unea.Their portfolio spans across Germany, Denmark, United States and 4 more locations. They have invested in Consumer, Enterprise Applications, Life Sciences and 22 other sectors, across stages such as Seed stage. Here is the list of top investments by True Growth Capital:
1. BioNTech
Developer of immunotherapeutics for the treatment of cancer and other diseases. Its oncology drug pipeline contains several classes of drugs which include mRNA treatments, modified cell therapies, antibodies, and small molecule immunomodulators that have been optimised for distinct modes of action, high precision targeting, potency, and efficacy.
Key facts about BioNTech
- Founded Year: 2008
- Location: Mainz (Germany)
- Stage: Public
- Total Funding till date: $861M
- Employee Count: 5,212 as on Jul 31, 2026
- Investors: Fidelity Investments, Kaccelerator and 28 Others
- Latest Funding Round: Post IPO, Apr 14, 2022, $*****
- Highlight: Public
2. Famly
Platform providing management software solutions for childcare providers. It offers digital tools that help streamline administrative tasks and daily operations. The platform is designed to assist childcare services in managing communication, scheduling, and records.
Key facts about Famly
- Founded Year: 2013
- Location: Copenhagen (Denmark)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $24.5M
- Employee Count: 210 as on Jul 31, 2026
- Investors: Nordic Makers, Susquehanna Growth Equity and 11 Others
- Latest Funding Round: Series A, Nov 19, 2021, $*****
- Highlight: Editors' Pick
Parcel Perform is a cloud-based software for eCommerce store operators to compare and book carriers for sending packages. Businesses can compare prices from multiple carriers and view KPIs such as geography coverage, transit times, etc. It also provides a solution for the courier service provider to manage their deliveries, track customer queries, and creating own dashboards to track performance. It charges a monthly subscription fee to the courier providers for this service. The company offers solutions on the subscription-based policy.
Key facts about Parcelperform
- Founded Year: 2016
- Location: Singapore (Singapore)
- Stage: Series A
- Total Funding till date: $21.1M
- Employee Count: 194 as on Jul 31, 2026
- Investors: SBVA, MobilityFund and 25 Others
- Latest Funding Round: Series A, Aug 11, 2021, $*****
- Highlight: Editors' Pick
4. Movinga
Movinga is an online marketplace for relocation/removal services in select European countries. Via the platform, users can provide relevant collection/delivery details & timings as well as specify their inventory. The solution automatically generates volumetric requirements, provides a price estimation and enables users to book services. The request is further routed to a network of certified movers/service providers who provide relocation/removal services.
Key facts about Movinga
- Founded Year: 2015
- Location: Berlin (Germany)
- Annual Revenue: €1M - €10M as on Dec 31, 2017
- Stage: Acquired
- Total Funding till date: $82.9M
- Employee Count: 57 as on Jul 31, 2026
- Investors: Index Ventures, Earlybird and 16 Others
- Latest Funding Round: Series C, Nov 22, 2018, $*****
- Highlight: Acquired
5. Caroobi
Online aggregator of automotive repair services. It operates a complete customer lifecycle, including demand generation, sale closure, service request, and booking. It allocates a personal advisor to all service requests.
Key facts about Caroobi
- Founded Year: 2015
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $20M
- Employee Count: 31 as on Jul 31, 2026
- Investors: MobilityFund, Axel Springer Digital Ventures and 20 Others
- Latest Funding Round: Series B, Jun 05, 2018, $*****
- Highlight: Acquired
True Growth Capital's Year-on-Year Investment Trends
True Growth Capital has invested in 34 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in THE BASE CLUB.True Growth Capital's Investments by Stage
True Growth Capital has made 3 investments in Seed stage with an average round size of $2.3M.True Growth Capital's Investments by Sector
True Growth Capital has a diverse portfolio, with companies operating in the Consumer, Consumer Goods, Food and Agriculture, Food and Agriculture Tech and Retail. Notably, it has invested in 20 Tech companies, 13 Consumer (B2C) companies, 8 Enterprise (B2B) companies and at least 8 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 1 |
Consumer Goods | 1 |
Food and Agriculture | 1 |
Food and Agriculture Tech | 1 |
Retail | 1 |
Note: We have considered here, only first round of investments
True Growth Capital's Investments by Geography
True Growth Capital has made most investments in Germany (3).True Growth Capital's recent investments
True Growth Capital has not made any investment in 2026 so far.Here are the most recent investments by True Growth Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 15, 2022 | Germany | Seed | 5494 | - | |
Feb 22, 2022 | Germany | Seed | 4289 | [+3] | |
Nov 22, 2021 | Germany | Seed | 8873 | [+4] |
IPOs and Publicly Listed companies in True Growth Capital's Portfolio
1 of True Growth Capital's portfolio company became public - BioNTech. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), Frankfurt Stock Exchange (FRA), in Oct 2019 at marketcap of undefinedHere are True Growth Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 11, 2019 | - | - | 3111 |
Acquired companies in True Growth Capital's Portfolio
6 companies from True Growth Capital's portfolio have been acquired. The most recent acquisition was Movinga in Mar 2025 by MoveAgain for $*****.Here are True Growth Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 06, 2025 | - | - | 7056 | |
Mar 21, 2023 | - | - | 8911 | |
Aug 04, 2021 | - | - | 1172 | |
Dec 13, 2020 | - | - | 5234 | |
Jun 16, 2020 | - | - | 3595 |
Team profile of True Growth Capital
True Growth Capital has a team of 9 members including 5 Partners and 2 Principals located in Germany. True Growth Capital's team does not sit on the board of any company as of now.Here is a list of all team members in True Growth Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Berlin | - | - | |
Partner | Berlin | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Principal | Berlin | - | ||
Principal | - | - | - |
Co-investors of True Growth Capital
Over the past 5 years, 13 investors have co-invested in True Growth Capital's portfolio companies. This includes funds and angels.
- Invested before True Growth Capital: Moritz Kreppel, Daniel Khachab and 4 others have invested in rounds before True Growth Capital. There is 1 company where Moritz Kreppel has invested before True Growth Capital and 1 company where Daniel Khachab has invested before True Growth Capital.
- Top Co-investors of True Growth Capital: 7 investors entered a company along with True Growth Capital. These include investors like IBB Ventures (1 company).
