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About TVM Capital

TVM Capital is a venture capital firm founded in 1983. It is primarily based out of Munich, Germany. As of Apr 2024, TVM Capital has invested in 79 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Life Sciences to Enterprise Applications and High Tech. Most recently it participated in the $***** Series C round of Smart Reporting Overall, TVM Capital portfolio has seen 9 IPOs and 40 acquisitions including key companies like Evotec, Bluebird Bio and Arteris IP. A lot of funds co-invest with TVM Capital, with names like 3i Group sharing a substantial percentage of its portfolio. TVM Capital has team of 14 people including 7 partners.
Key Metrics
Portfolio Count
Portfolio Locations
Rounds of Entry
Series A, Series B & 8 more
Portfolio Acquisitions

TVM Capital's List of Top Investments

TVM Capital has a portfolio of 79 companies. Their most notable investments are in Confluent Surgical and RenaMed Biologics.Their portfolio spans across United States, Germany, Switzerland and 9 more locations. They have invested in Life Sciences, Enterprise Applications, High Tech and 11 other sectors, across stages such as Series A, Series B  and 8 more. Here is the list of top investments by TVM Capital:
AI-driven life science company accelerating drug discovery and development. It is focused on pioneering drug discovery and preclinical development using advanced technologies, deep disease expertise, and integrated R&D platforms. It accelerates the creation of new therapies across modalities, including small molecules and biologics, to bring life-changing medicines to patients faster.

Key facts about Evotec

  • Founded Year: 1993
  • Location: Hamburg (Germany)
  • Annual Revenue: €500M - €1B as on Dec 31, 2024
  • Stage: Public
  • Total Funding till date: $25.1M
  • Employee Count: 4,690 as on Aug 31, 2026
  • Investors: Gilde Healthcare, Eiffel Investment Group and 22 Others
  • Latest Funding Round: Grant (prize money), Jan 08, 2026, $*****
  • Highlight: Public
Developer of gene therapies for severe genetic and rare diseases. The company's products include Lenti-D for Childhood Cerebral Adrenoleukodystrophy (ALD) and LentiGlobin for rare hemoglobinopathies. The company's other products for multiple myeloma and HPV-associated cancer are in the preclinical stage. The company is also using homing endonuclease and megaTAL gene-editing technologies in a variety of potential applications and disease areas, including hematology and oncology.

Key facts about Bluebird Bio

  • Founded Year: 1992
  • Location: Cambridge (United States)
  • Annual Revenue: $50M - $100M as on Dec 31, 2024
  • Last Known Valuation: $*****
  • Stage: Acquired
  • Total Funding till date: $136M
  • Employee Count: 317 as on May 31, 2026
  • Investors: RA Capital Management, Abn Amro and 10 Others
  • Latest Funding Round: Post IPO, Jun 03, 2022, $*****
  • Highlight: Acquired
Provider of system IP and SoC integration automation and security. The company offers network-on-chip interconnect intellectual property and system-on-chip software. These technologies optimize data movement and ease complexity in modern designs. The company's products are utilized to improve performance, reduce risk, lower costs, and accelerate designs.

Key facts about Arteris IP

  • Founded Year: 2003
  • Location: Campbell (United States)
  • Annual Revenue: $50M - $100M as on Dec 31, 2025
  • Stage: Public
  • Total Funding till date: $39.3M
  • Employee Count: 480 as on Aug 31, 2026
  • Investors: Qualcomm Ventures, 10x Group and 9 Others
  • Latest Funding Round: Series C, Jun 10, 2021, $*****
  • Highlight: Public
Developer of biosystems for microbial contamination detection. The company offers the Growth Direct system that includes an automated imaging instrument that automatically counts microcolonies of bacteria or fungi, much earlier than traditional visual colony counting methods by measuring the autofluorescence emitted by microbial cells. The company provides on-site installation, instrument, validation services, regulatory compliance assistance, and others. Its solutions are used in environmental monitoring, and sterility and bioburden testing applications.

Key facts about Rapid Micro Biosystems

  • Founded Year: 2006
  • Location: Bedford (United Kingdom)
  • Annual Revenue: $10M - $50M as on Dec 31, 2025
  • Stage: Public
  • Total Funding till date: $350M
  • Employee Count: 207 as on Aug 31, 2026
  • Investors: HTIF, Bain Capital Life Sciences and 22 Others
  • Latest Funding Round: Series E, Mar 16, 2021, $*****
  • Highlight: Public
Actelion specializes in small molecule therapeutics for orphan diseases. Actelion scientists were among the first to work in the field of endothelian receptor antagonists. Actelion has 29 operative affiliates around the world, including the United States, Canada, Brazil, Australia, Japan, Switzerland and a number of EU countries. Actelion currently has 10 compounds in its pipeline – including 3 in late-stage development – and 4 medicines on the market for orphan diseases: Tracleer (bosentan), a dual endothelin receptor antagonist which was the first oral treatment approved for pulmonary arterial hypertension; Zavesca (miglustat), currently the only approved oral treatment for patients with mild to moderate type 1 Gaucher disease for whom enzyme replacement therapy is unsuitable. Ventavis (iloprost), indicated for the treatment of pulmonary arterial hypertension (WHO Group 1) in patients with NYHA Class III or IV symptoms; Veletri (epoprostenol for injection), approved for the long-term intravenous treatment of primary pulmonary hypertension and pulmonary hypertension associated with the scleroderma spectrum of disease in NYHA Class III and Class IV patients who do not respond adequately to conventional therapy.

Key facts about Actelion

  • Founded Year: 1997
  • Location: Allschwil (Switzerland)
  • Stage: Acquired
  • Total Funding till date: $46M
  • Employee Count: 459 as on May 31, 2026
  • Investors: Atlas Venture, BB Biotech and 11 Others
  • Latest Funding Round: Series B, Mar 1999, $*****
  • Highlight: Acquired

TVM Capital's Investments by Stage

TVM Capital has made 26 investments in Series A stage with an average round size of $16M, 23 investments in Series B stage with an average round size of $20.5M and 13 investments in Series C stage with an average round size of $29.8M.
Here are TVM Capital's investments by stage:
Stage of entry
No. of Investments
Series A
26
Series B
23
Series C
13
Seed
3
PE
2
Others
5
Breakdown of TVM Capital's investments by stage of entrySeries A (26)Series B (23)
Note: We have considered here, only first round of investments

TVM Capital's Investments by Sector

TVM Capital has a diverse portfolio, with companies operating in the Life Sciences, Enterprise Applications, High Tech, Semiconductors and HealthTech. Notably, it has invested in 59 Tech companies, 52 Enterprise (B2B) companies, 20 Software companies and at least 9 companies focusing on Tech hardware.
Here are TVM Capital's investments by sector:
Sector
No. of Investments
Life Sciences
44
Enterprise Applications
13
High Tech
8
Semiconductors
6
HealthTech
5
Others
21
Breakdown of TVM Capital's investments by sectorsLife Sciences (44)Enterprise Applic... (13)
Note: We have considered here, only first round of investments

TVM Capital's Investments by Geography

TVM Capital has made most investments in United States (27), followed by Germany where it has made 18 investments.
Here are TVM Capital's investments by geography:
Country
No. of Investments
United States
27
Germany
18
Switzerland
6
United Kingdom
6
Canada
4
Others
11
Breakdown of TVM Capital's investments by countriesUnited States (27)Germany (18)
Note: We have considered here, only first round of investments

TVM Capital's recent investments

TVM Capital has not made any investment in 2026 so far.
Here are the most recent investments by TVM Capital:
Date
Company
Location
Round Details
Round Amount
Co-Investors
Apr 22, 2024
Germany
Series C
1386
Feb 02, 2024
United States
Series A
3373
Jan 31, 2024
Germany
Series A
5099
-
Feb 26, 2022
United States
Series A
6506
-
Feb 01, 2022
Germany
Post IPO
1960

IPOs and Publicly Listed companies in TVM Capital's Portfolio

9 of TVM Capital's portfolio companies have become public. Arteris IP got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Oct 2021 at marketcap of $420M and Rapid Micro Biosystems got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $800M.
Here are TVM Capital's portfolio companies that went public:
Company
IPO Date
First Invested on
First Round of Investment
Round Size
Oct 27, 2021
Jun 19, 2007
Series B
9713
Jul 15, 2021
Jul 08, 2009
Series A
1718
Nov 07, 2019
Jun 13, 2017
Series A
6313
Sep 30, 2016
May 03, 2007
Series C
5928
Apr 16, 2015
-
-
8624

Acquired companies in TVM Capital's Portfolio

40 companies from TVM Capital's portfolio have been acquired. The most recent acquisition was Helomics.
Here are TVM Capital's portfolio companies that got acquired most recently:
Company
Acquisition Date
First Invested on
First Round of Investment
Round Size
Sep 15, 2026
Nov 13, 2001
Series B
7630
Feb 21, 2025
Oct 04, 2004
Series A
2898
May 15, 2024
May 09, 2003
Series C
8153
Nov 20, 2023
May 06, 2016
Post IPO
3972
Jan 19, 2023
Nov 30, 2006
Series B
4322

Team profile of TVM Capital

TVM Capital has a team of 14 members including 7 Partners and 3 Principals located in Canada, Germany and 2 more locations. TVM Capital's team sits on the board of 1 company.
Here is a list of top team members in TVM Capital:
Name
Designation
Location
Board Memberships
Contact Details
Partner
Montreal
-
Partner
Montreal
-
Partner
Singapore
-
-
Partner
Munich
-
Partner
Munich
Partner
Germany
-
-
Partner
London
-
-
Principal
Montreal
-
Principal
Berlin
-
Principal
Ottawa
-

Co-investors of TVM Capital

Over the past 33 years, 353 investors have co-invested in TVM Capital's portfolio companies. This includes funds and angels.

  • Invested before TVM Capital: TVM, Bmbf and 66 others have invested in rounds before TVM Capital. There are 3 companies where TVM has invested before TVM Capital and 2 companies where Bmbf has invested before TVM Capital.
  • Top Co-investors of TVM Capital: 141 investors entered a company along with TVM Capital. These include investors like 3i Group (4 companies).
  • Invested after TVM Capital: A total of 144 investors have invested in TVM Capital's portfolio after their investments. Top Investors include HHS (4 companies), RA Capital Management (3 companies) and Forbion (2 companies).

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