About VSquared Ventures
VSquared Ventures is a venture capital firm founded in 2005. It is primarily based out of Munich, Germany. As of Sep 2026, VSquared Ventures is an active investor, having invested in 41 companies, with 8 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 High Tech to Enterprise Applications and Semiconductors. Most recently it participated in the $***** Seed round of StandardX Overall, VSquared Ventures portfolio has seen 3 unicorns, namely IQM, Zama and NEURA. A lot of funds co-invest with VSquared Ventures, with names like HV Capital sharing a substantial percentage of its portfolio. VSquared Ventures has team of 10 people including 8 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Soonicorns
VSquared Ventures' List of Top Investments
VSquared Ventures has a portfolio of 41 companies, including 3 unicorns. Their most notable investments are in One Data and Lendurai.Their portfolio spans across Germany, Switzerland, United States and 9 more locations. They have invested in High Tech, Enterprise Applications, Semiconductors and 17 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by VSquared Ventures:1. IQM
Developer of superconducting quantum computers. Its features include quantum processors with on-chip components that increase QPU clock speed for error correction, as well as application-specific processors and quantum operations.
Key facts about IQM
- Founded Year: 2018
- Location: Espoo (Finland)
- Annual Revenue: €10M - €50M as on Dec 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $600M
- Employee Count: 464 as on Sep 30, 2026
- Investors: Ten Eleven Ventures, Samsara BioCapital and 27 Others
- Latest Funding Round: Conventional Debt, Mar 30, 2026, $*****
- Highlight: Editors' Pick
Developer of reusable space vehicles for cargo transport to space stations. The company designs modular and refillable vehicles for low-Earth orbit and beyond. These vehicles are launcher agnostic and intended to serve space stations. They incorporate orbital propulsion, docking mechanisms, and re-entry and recovery capabilities.
Key facts about The Exploration
3. Zama
Developer of fully homomorphic encryption solutions for blockchain privacy applications. The technology enables the processing and computation of data while remaining in an encrypted state, allowing for private transactions and operations on public ledgers. By integrating encryption directly into the protocol layer, the platform allows institutions to conduct decentralized finance activities, token distributions, and payroll services without exposing sensitive balance sheet information or transaction details to the public. The system utilizes access control lists and selective disclosure features to ensure compliance and auditability while maintaining user confidentiality.
Key facts about Zama
- Founded Year: 2019
- Location: Paris (France)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $150M
- Employee Count: 251 as on Aug 31, 2026
- Investors: Metaplanet, Masnavi Capital and 15 Others
- Latest Funding Round: Series B, Jun 25, 2025, $*****
- Highlight: Editors' Pick
Manufacturer of advanced silicon battery for clean energy solutions. It provides users with a company offering silicon battery technology, aiming to create a world where everything that can run on rechargeable batteries does. The company's innovative silicon battery materials are poised to revolutionize the energy storage industry, driving the electrification of everything.
Key facts about Group14 Technologies
Developer of implantable neurotechnology for decoding and modulating brain activity. The company focuses on creating bi-directional, high-resolution brain-computer interfaces. These interfaces enable real-time smart neural decoding and modulation in closed loop. The company's platform combines hardware and data analytics to personalize therapy.
Key facts about INBRAIN Neuroelectronics
- Founded Year: 2019
- Location: Barcelona (Spain)
- Stage: Series B
- Total Funding till date: $82.8M
- Employee Count: 127 as on Aug 31, 2026
- Investors: TruVenturo, European Investment Bank and 16 Others
- Latest Funding Round: Grant (prize money), May 09, 2025, $*****
- Highlight: Editors' Pick
VSquared Ventures' Year-on-Year Investment Trends
VSquared Ventures has invested in 41 companies over the last 6 years, with an average of 7 new investments annually in the last 5 years. In 2025, it made 10 investments, while as of Sep 2026, it has made 11 investments in this year. Its most recent first time investment was in StandardX and most recent follow-on round was in Arlequin AI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 7 | 4 | 11 |
2025 | 8 | 2 | 10 |
2024 | 6 | 4 | 10 |
2023 | 4 | 5 | 9 |
2022 | 8 | 0 | 8 |
2021 | 6 | 1 | 7 |
2020 | 2 | 0 | 2 |
VSquared Ventures' Investments by Stage
VSquared Ventures has made 23 investments in Seed stage with an average round size of $8.38M, 10 investments in Series A stage with an average round size of $35.5M, 4 investments in Series B stage with an average round size of $54.1M and 4 investments in Series C stage with an average round size of $143M.Stage of entry | No. of Investments |
|---|---|
Seed | 23 |
Series A | 10 |
Series B | 4 |
Series C | 4 |
Note: We have considered here, only first round of investments
VSquared Ventures' Investments by Sector
VSquared Ventures has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Semiconductors, Aerospace, Maritime and Defense Tech and Energy Tech. Notably, it has invested in 38 Enterprise (B2B) companies, 38 Tech companies, 26 Tech hardware companies and at least 23 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 25 |
Enterprise Applications | 10 |
Semiconductors | 8 |
Aerospace, Maritime and Defense Tech | 7 |
Energy Tech | 6 |
Others | 39 |
Note: We have considered here, only first round of investments
VSquared Ventures' Investments by Geography
VSquared Ventures has made most investments in Germany (19), followed by Switzerland where it has made 4 investments.Country | No. of Investments |
|---|---|
Germany | 19 |
Switzerland | 4 |
United States | 4 |
France | 3 |
Belgium | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
VSquared Ventures' recent investments
VSquared Ventures has made 11 investments in 2026 so far. StandardX and Standardx are the latest among them.Here are the most recent investments by VSquared Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 23, 2026 | - | Seed | 8603 | [+4] | |
Sep 23, 2026 | - | Seed | 6933 | ||
Sep 10, 2026 | France | Series A | 8374 | [+4] | |
Sep 08, 2026 | Germany | Seed | 2810 | [+4] | |
Aug 10, 2026 | - | Seed | 4491 | [+1] |
Unicorns in VSquared Ventures' Portfolio
VSquared Ventures has 3 unicorns in its portfolio - NEURA, IQM and Zama. The most recent unicorn in their portfolio is NEURA. It became a unicorn in 2026, 2 years after VSquared Ventures first invested in it.Here is a list of unicorns in VSquared Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Developer of cognitive robotics and physical artificial intelligence solutions | 2019 | Metzingen | Series C | vhacpek | ||
76 | Developer of superconducting quantum computers | 2018 | Espoo | Series B | qynbfel | ||
66 | Developer of fully homomorphic encryption solutions for blockchain privacy applications | 2019 | Paris | Series B | inguzyx |
Team profile of VSquared Ventures
VSquared Ventures has a team of 10 members including 8 Partners located in Germany and United Kingdom. VSquared Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in VSquared Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Munich | - | - | |
Partner | Munich | - | ||
Partner | United Kingdom | - | - | |
Partner | Munich | - | ||
Partner | Munich | - | - | |
Partner | Munich | - | - | |
Partner | Munich | - | - | |
Partner | Cologne | - | ||
Partner | Berlin | - |
Co-investors of VSquared Ventures
Over the past 6 years, 301 investors have co-invested in VSquared Ventures's portfolio companies. This includes funds and angels.
- Invested before VSquared Ventures: Europa, Vito Ventures and 62 others have invested in rounds before VSquared Ventures. There are 6 companies where Europa has invested before VSquared Ventures and 4 companies where Vito Ventures has invested before VSquared Ventures.
- Top Co-investors of VSquared Ventures: 132 investors entered a company along with VSquared Ventures. These include investors like HV Capital (6 companies).
- Invested after VSquared Ventures: A total of 105 investors have invested in VSquared Ventures's portfolio after their investments. Top Investors include Bayern Kapital (3 companies), Europa (3 companies) and Mail.schwarz (2 companies).
Recent News related to VSquared Ventures
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StandardX Launches With £10M Seed Funding for London Isotope Refinery for Cancer Care and FusionTechnologies.org•Sep 24, 2026•VSquared Ventures, Standardx
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Hyperscale Power Raises 5 Million Euros in Seed RoundStartup Log•Mar 11, 2026•Hyperscale Power, World Fund, VSquared Ventures
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Constellr Raises €37 Million for Thermal Imaging SatellitesTrending Topics•Feb 10, 2026•constellr, Alpine Space, VSquared Ventures, Cardumen Capital and 8 others
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Morpheus Space Pulls In $15MMassinvestor•Feb 05, 2026•Alpine Space, Pallas Advisors, VSquared Ventures, European Investment Fund and 4 others
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Hungary's ABZ Innovation raises €7 million to expand heavy-duty dronesEU-Startups•Jan 22, 2026•ABZ Innovation, Assembly Ventures, VSquared Ventures, Day One Capital
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AlphaLum completes 29 million seed round financing, which will be used to develop efficient AR displaysVrtuoluo•Jan 16, 2026•AlphaLum, VSquared Ventures
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AlphaLum raises CHF 3.4M for efficient AR displays and low-power sensingTech Funding News•Jan 15, 2026•AlphaLum, VSquared Ventures, ams OSRAM
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Germany’s FMC secures €100M to lessen reliance on US & Asian memory suppliersEU-Startups•Nov 13, 2025•DeepTech & Climate Fonds, HV Capital, Ferroelectric Memory Company, HTGF and 12 others
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55 North Announces First Close of Record €300 Million Quantum FundBusiness Wire•Oct 03, 2025•Danmarks Eksport og Investeringsfond, VSquared Ventures, Cambium Capital Partners, Novo Holdings and 1 other
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Arlequin AI Secures €4.4 Million In Seed RoundStartup Rise EU•Jun 12, 2025•Arlequin AI, VSquared Ventures, 10x Founders, Kima Ventures
