About Vanagon Ventures
Vanagon Ventures is a venture capital firm founded in 2022. It is primarily based out of Munich, Germany. As of Oct 2026, Vanagon Ventures is an active investor, having invested in 22 companies, with 6 new investments in the last 12 months. It primarily invests in Seed round in Germany based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Seed round of Finches A lot of funds co-invest with Vanagon Ventures, with names like Bayern Kapital sharing a substantial percentage of its portfolio. Vanagon Ventures has team of 10 people including 7 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed & Series A
Vanagon Ventures' List of Top Investments
Vanagon Ventures has a portfolio of 22 companies. Their most notable investments are in heartstocks and ExoMatter.Their portfolio spans across Germany, Norway, United States and 2 more locations. They have invested in Enterprise Applications, High Tech, Retail and 12 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Vanagon Ventures:
Online platform for water leak detection. The algorithms provide water utilities with valuable insights about the water network, helping them detect and localize water leakages efficiently.
Key facts about Hulo Artificial Intelligence
- Founded Year: 2021
- Location: Leeuwarden (Netherlands)
- Stage: Seed
- Total Funding till date: $3.97M
- Employee Count: 18 as on Sep 30, 2026
- Investors: Rabobank, LUMO Labs and 5 Others
- Latest Funding Round: Seed, Oct 21, 2025, $*****
- Highlight: Editors' Pick
2. Particula
Data and rating platform for tokenized assets empowering innovative companies in the digital asset ecosystem. Offers platform that delivers tailored insights and resources for customer segments, as well as a rating and data platform for tokenized real-world assets.
Key facts about Particula
- Founded Year: 2020
- Location: Munich (Germany)
- Stage: Series A
- Total Funding till date: $5.5M
- Employee Count: 453 as on Sep 30, 2026
- Investors: Plug and Play Tech Center, SixThirty and 10 Others
- Latest Funding Round: Series A, Apr 29, 2025, $*****
3. Senken
Provider of verified carbon credit procurement and portfolio management services. This platform analyzes and selects climate projects based on rigorous integrity assessments. It facilitates the acquisition of audited carbon credits for companies seeking regulatory compliance and defensible sustainability strategies. The service includes end-to-end management from project sourcing and contracting to providing documentation for corporate reporting requirements. The selection methodology filters projects to identify those meeting defined standards for additionality, permanence, and transparency. Clients receive comprehensive data packages designed for audit support and executive disclosure.
Key facts about Senken
- Founded Year: 2021
- Location: Berlin (Germany)
- Stage: Series A
- Total Funding till date: $7.5M
- Employee Count: 23 as on Sep 30, 2026
- Investors: Obvious Ventures, Climate Capital and 6 Others
- Latest Funding Round: Series A, Jan 26, 2023, $*****
4. Deeplify
Developer of software for automated industrial non destructive testing analysis. This software digitizes inspection workflows by integrating data from radiographic and ultrasonic testing methods. It provides automated defect recognition, reporting, and decision support for asset integrity management. The system assists in the evaluation of technical components to identify flaws and manage audit-ready data.
Key facts about Deeplify
- Founded Year: 2023
- Location: Bochum (Germany)
- Stage: Seed
- Total Funding till date: $2.3M
- Employee Count: 12 as on Sep 30, 2026
- Investors: D11Z.Ventures, EWOR and 3 Others
- Latest Funding Round: Seed, Mar 30, 2026, $*****
Developer of artificial intelligence for visual quality inspection and automation. It provides software-defined classification of defect patterns and hardware-independent integration into quality gates. The company’s technology offers defect recognition, eliminating pseudo-errors. It allows users to upload images, train algorithms, and integrate on-premise. The technology identifies known errors and anomalies.
Key facts about 36ZERO Vision
- Founded Year: 2019
- Location: Munich (Germany)
- Stage: Seed
- Total Funding till date: $7.75M
- Employee Count: 13 as on Sep 30, 2026
- Investors: Alchemist Accelerator, Bayern Kapital and 15 Others
- Latest Funding Round: Seed, Jul 15, 2025, $*****
- Highlight: Editors' Pick
Vanagon Ventures' Year-on-Year Investment Trends
Vanagon Ventures has invested in 22 companies over the last 5 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 6 investments, while as of Oct 2026, it has made 5 investments in this year. Its most recent first time investment was in Finches and most recent follow-on round was in Particula.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 0 | 5 |
2025 | 5 | 1 | 6 |
2024 | 3 | 0 | 3 |
2023 | 3 | 0 | 3 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
Vanagon Ventures' Investments by Stage
Vanagon Ventures has made 15 investments in Seed stage with an average round size of $2.85M and 2 investments in Series A stage with an average round size of $5.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 15 |
Series A | 2 |
Note: We have considered here, only first round of investments
Vanagon Ventures' Investments by Sector
Vanagon Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Industrial Goods and Manufacturing, Sustainability Tech and Vertical SaaS. Notably, it has invested in 20 Tech companies, 18 Enterprise (B2B) companies, 12 Software companies and at least 7 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
High Tech | 5 |
Industrial Goods and Manufacturing | 4 |
Sustainability Tech | 4 |
Vertical SaaS | 4 |
Others | 21 |
Note: We have considered here, only first round of investments
Vanagon Ventures' Investments by Geography
Vanagon Ventures has made most investments in Germany (11), followed by Norway where it has made 2 investments.Country | No. of Investments |
|---|---|
Germany | 11 |
Norway | 2 |
Israel | 1 |
Netherlands | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Vanagon Ventures' recent investments
Vanagon Ventures has made 5 investments in 2026 so far. Finches and Tentris are the latest among them.Here are the most recent investments by Vanagon Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 06, 2026 | - | Seed | 9782 | [+2] | |
Jul 07, 2026 | Germany | Seed | 3624 | [+3] | |
Mar 30, 2026 | Germany | Seed | 3086 | [+1] | |
Mar 12, 2026 | Germany | Seed | 9071 | [+1] | |
Feb 19, 2026 | Germany | Seed | 2983 |
Team profile of Vanagon Ventures
Vanagon Ventures has a team of 10 members including 7 Partners and 2 Principals located in Germany. Vanagon Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Vanagon Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Berlin | - | - | |
Partner | Munich | - | ||
Partner | Munich | - | - | |
Partner | Munich | - | ||
Partner | Stuttgart | - | - | |
Partner | Munich | - | - | |
Partner | Stuttgart | - | - | |
Principal | Germany | - | ||
Principal | Germany | - | - |
Co-investors of Vanagon Ventures
Over the past 5 years, 68 investors have co-invested in Vanagon Ventures's portfolio companies. This includes funds and angels.
- Invested before Vanagon Ventures: TechFounders, LUMO Labs and 12 others have invested in rounds before Vanagon Ventures. There are 2 companies where TechFounders has invested before Vanagon Ventures and 1 company where LUMO Labs has invested before Vanagon Ventures.
- Top Co-investors of Vanagon Ventures: 46 investors entered a company along with Vanagon Ventures. These include investors like Bayern Kapital (5 companies).
- Invested after Vanagon Ventures: A total of 8 investors have invested in Vanagon Ventures's portfolio after their investments. Top Investors include SixThirty (1 company), TX Ventures (1 company) and BlackWood (1 company).
Recent News related to Vanagon Ventures
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German startup Finches raises €2 million for AI early warnings in agricultural sourcingEU-Startups•Oct 08, 2026•HTGF, Finches, Bayern Kapital, Vanagon Ventures
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deeplify raises €2M from D11Z Ventures to modernise inspection workflowsTech Funding News•Mar 30, 2026•Deeplify, D11Z.Ventures, Vanagon Ventures, EWOR and 1 other
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Neuramancer Raises €1.7 Million Pre-Seed for AI-Based Deepfake DetectionTrending Topics•Mar 12, 2026•Vanagon Ventures, Bayern Kapital, Neuramancer, Lightfield Equity and 1 other
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Portuguese startup Sybilion secures €3.6 million to build AI-powered decision layer for industrial companiesEU-Startups•Mar 11, 2026•Semapa Next, Venture Friends, Sybilion, EWOR and 1 other
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Ewigbyte Secures €1.6 Million Pre-Seed Funding for Data Storage TechnologyVenture Capital magazine•Feb 19, 2026•Ewigbyte, Vanagon Ventures, BayStartUP, Bayern Kapital
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Vanagon Ventures secures €20 million to target Europe’s pre-Seed DeepTech and AI gapEU-Startups•Jan 19, 2026•Allocator One, Vanagon Ventures
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Dutch watertech startup HULO raises €2.3M to use AI for detecting water leaksSilicon Canals•Oct 21, 2025•Vanagon Ventures, Hulo Artificial Intelligence, VP Capital, LUMO Labs and 5 others
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Particula’s $5.5 Million Funding RoundGlobal Legal Chronicle•May 07, 2025•Osborne Clarke, Particula, SixThirty, Vanagon Ventures and 1 other
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Munich-based AI forecasting startup with Ö-Co-Founder receives 600,000 Euro investmentbrutkasten•Jan 30, 2025•MIR insight, Vanagon Ventures, EWOR, Floris Capital
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ExoMatter’s €1.7 Million Pre-Seed Funding RoundGlobal Legal Chronicle•Nov 08, 2024•Bird & Bird, Vanagon Ventures, ExoMatter
