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
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 8 more
Portfolio IPOs
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:1. Evotec
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
2. Bluebird Bio
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
3. Arteris IP
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
5. Actelion
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 Year-on-Year Investment Trends
TVM Capital has invested in 81 companies over the last 33 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Smart Reporting and most recent follow-on round was in Centogene.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 3 | 0 | 3 |
2023 | 0 | 0 | 0 |
2022 | 1 | 1 | 2 |
2021 | 1 | 0 | 1 |
2020 | 0 | 1 | 1 |
2019 | 1 | 0 | 1 |
2018 | 0 | 1 | 1 |
2017 | 2 | 1 | 3 |
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.Stage of entry | No. of Investments |
|---|---|
Series A | 26 |
Series B | 23 |
Series C | 13 |
Seed | 3 |
PE | 2 |
Others | 5 |
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.Sector | No. of Investments |
|---|---|
Life Sciences | 44 |
Enterprise Applications | 13 |
High Tech | 8 |
Semiconductors | 6 |
HealthTech | 5 |
Others | 21 |
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.Country | No. of Investments |
|---|---|
United States | 27 |
Germany | 18 |
Switzerland | 6 |
United Kingdom | 6 |
Canada | 4 |
Others | 11 |
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).
Recent News related to TVM Capital
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AL-S Pharma Appoints Dr. Angela Genge as Chief Medical OfficerPR Newswire•Sep 25, 2025•Neurimmune, TVM Capital
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Neurocare Raises EUR 19.3M in FundingFinSMEs•Feb 10, 2025•NeuroCare Group, Impact Expansion, TVM Capital
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TVM Ventures Launches with $100M Fund Focused on TON-Based ProjectsNftgators•Feb 03, 2025•TVM Capital
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CSA Medical: $53 Million (Series D) Raised For Advancing RejuvenAir SystemPulse 2.0•Sep 09, 2024•TVM Capital, RejuvenAir, Yonjin Capital, SV Health Investors and 4 others
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Smart Reporting raises €23M for medical softwareBioWorld•Apr 22, 2024•Smart Reporting, Ludwig Maximilian University of Munich, TVM Capital, Bayern Kapital and 1 other
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TVM Capital Life Science raised $8 million to invest in myoAgetech News•Mar 05, 2024•TVM Capital, myo
