About Wessel Management
Wessel Management is a venture capital firm founded in 1991. It is primarily based out of Munich, Germany. As of Mar 2023, Wessel Management has invested in 47 companies. It primarily invests in Series B round in Germany based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Series A round of bezahl.de Overall, Wessel Management portfolio has seen 2 IPOs and 12 acquisitions including key companies like Applause, Koa Health and Ryte. A lot of funds co-invest with Wessel Management, with names like Yabeo sharing a substantial percentage of its portfolio. Wessel Management has team of 9 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B & Series A
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Wessel Management's List of Top Investments
Wessel Management has a portfolio of 47 companies. Their most notable investments are in Wegatech Greenergy and Smart Reporting.Their portfolio spans across Germany, United States, Singapore and 3 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 21 other sectors, across stages such as Series B, Series A stages. Here is the list of top investments by Wessel Management:1. Applause
Platform offering crowdsourced testing solution. It offers crowd-driven automated testing, user experience testing, AI testing, security testing, etc. The platform integrates with development tools systems and environments that include APIs, bug tracking, bug fix verification system, etc. It offers codeless automation, test case management, etc.
Key facts about Applause
- Founded Year: 1966
- Location: Framingham (United States)
- Stage: Acquired
- Total Funding till date: $116M
- Employee Count: 1,610 as on Aug 31, 2026
- Investors: Questmark Capital Management, Goldman Sachs and 18 Others
- Latest Funding Round: Series F, Dec 21, 2016, $*****
- Highlight: Acquired
2. ResearchGate
ResearchGate is an online community for scientists and researchers to share papers, ask and answer questions, and find collaborators. It has a blogging feature for users to write short reviews on peer-reviewed articles. It also has private chat rooms where scientists can share data, edit shared documents, and discuss confidential topics. The application is available for iOS devices.
Key facts about ResearchGate
- Founded Year: 2008
- Location: Berlin (Germany)
- Stage: Series D
- Total Funding till date: $87.6M
- Employee Count: 356 as on Aug 31, 2026
- Investors: Dragoneer Investment Group, Tenaya Capital and 26 Others
- Latest Funding Round: Grant (prize money), Dec 18, 2020, $*****
- Highlight: Editors' Pick
3. Koa Health
Provider of digitally-enabled mental health therapies and platform solutions. It offers clinically validated treatments for anxiety, PTSD, and social anxiety in children, teens, and adults. The solutions are designed for use by healthcare providers and families, facilitating collaboration towards recovery. A unified platform, provides access to support across the mental health continuum, encompassing lifestyle, prevention, and therapy. It also offers data and analytics to support population level insights. The approach prioritizes prevention and utilizes evidence based care. Healthcare providers use the platform to provide patients with mobile assisted tools for teleconsultation, mental health activities, stress management, and more. Mobile first treatments and progress-tracking tools are built by the company for the payers to monitor clients health and condition.
Key facts about Koa Health
- Founded Year: 2016
- Location: London (United Kingdom)
- Annual Revenue: £0 - £1M as on Dec 31, 2024
- Stage: Acquired
- Total Funding till date: $36M
- Employee Count: 44 as on Aug 31, 2026
- Investors: Wellington Partners Venture Capital, Wessel Management and 9 Others
- Latest Funding Round: Series A, Oct 2020, $*****
- Highlight: Acquired
4. Kinexon
Provider of real-time location systems for industrial automation and operations. The company offers solutions for order tracking, asset management, and autonomous mobile robot fleet management. Assembly line control products are available to accelerate production with increased quality. The operating system integrates location data from various technologies.
Key facts about Kinexon
- Founded Year: 2012
- Location: Munich (Germany)
- Stage: Series A
- Total Funding till date: $130M
- Employee Count: 218 as on Sep 30, 2026
- Investors: Wessel Management, European Investment Bank and 21 Others
- Latest Funding Round: Series A, Apr 26, 2022, $*****
- Highlight: Editors' Pick
Provider of AI-based radiology platform for patient data mining. The browser-based, vendor-neutral system does not require any installation. Radiologists can generate the report directly from a workstation without entering any sensitive patient data.
Key facts about Smart Reporting
- Founded Year: 2014
- Location: Munich (Germany)
- Stage: Series C
- Total Funding till date: $47.4M
- Employee Count: 135 as on May 31, 2026
- Investors: Wessel Management, European Investment Bank and 44 Others
- Latest Funding Round: Series C, Apr 22, 2024, $*****
- Highlight: Editors' Pick
Wessel Management's Year-on-Year Investment Trends
Wessel Management has invested in 47 companies over the last 7 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in bezahl.de.Wessel Management's Investments by Stage
Wessel Management has made 2 investments in Series B stage with an average round size of $3.37M and 1 investment in Series A stage with an average round size of $11.7M.Stage of entry | No. of Investments |
|---|---|
Series B | 2 |
Series A | 1 |
Note: We have considered here, only first round of investments
Wessel Management's Investments by Sector
Wessel Management has a diverse portfolio, with companies operating in the Enterprise Applications, Auto Tech, Energy, Environment and FinTech. Notably, it has invested in 40 Tech companies, 28 Enterprise (B2B) companies, 25 Software companies and at least 18 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
Auto Tech | 1 |
Energy | 1 |
Environment | 1 |
FinTech | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Wessel Management's Investments by Geography
Wessel Management has made most investments in Germany (3).Wessel Management's recent investments
Wessel Management has not made any investment in 2026 so far.Here are the most recent investments by Wessel Management:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 07, 2023 | Germany | Series A | 1192 | [+2] | |
Dec 2019 | Germany | Series B | 2879 | [+2] | |
Feb 18, 2019 | Germany | Series B | 5735 | - |
IPOs and Publicly Listed companies in Wessel Management's Portfolio
2 of Wessel Management's portfolio companies have become public.Here are Wessel Management's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | - | - | 7735 | |
- | Dec 2019 | Series B | 8030 |
Acquired companies in Wessel Management's Portfolio
12 companies from Wessel Management's portfolio have been acquired. The most recent acquisition was Koa Health in Jun 2026 by PsychPlus for $*****.Here are Wessel Management's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 23, 2026 | - | - | 6960 | |
Jul 15, 2024 | - | - | 4825 | |
Feb 01, 2024 | - | - | 8600 | |
Jan 08, 2024 | - | - | 8557 | |
Jan 05, 2024 | - | - | 5826 |
Team profile of Wessel Management
Wessel Management has a team of 9 members including 3 Partners located in Germany. Wessel Management's team does not sit on the board of any company as of now.Here is a list of all team members in Wessel Management:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Munich | |||
Partner | Munich | - | ||
Partner | Munich | - |
Co-investors of Wessel Management
Over the past 7 years, 24 investors have co-invested in Wessel Management's portfolio companies. This includes funds and angels.
- Invested before Wessel Management: Eureka, Cascara Ventures and 5 others have invested in rounds before Wessel Management. There is 1 company where Eureka has invested before Wessel Management and 1 company where Cascara Ventures has invested before Wessel Management.
- Top Co-investors of Wessel Management: 6 investors entered a company along with Wessel Management. These include investors like Yabeo (1 company).
- Invested after Wessel Management: A total of 11 investors have invested in Wessel Management's portfolio after their investments. Top Investors include Yabeo (1 company), Wolfgang Reitzle (1 company) and Rolf Christof Dienst (1 company).
Recent News related to Wessel Management
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Wegatech receives further growth financing of existing investorsPV Magazine•Feb 01, 2024•Wegatech Greenergy, Gothaer, BonVenture, Wessel Management and 1 other
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Automotive payments fintech NX Technologies raises €11 million in Series A funding roundFinextra•Mar 07, 2023•bezahl.de, Motive Partners, Wessel Management, Carcharodon Capital
