How many investments has Heliad AG made?

Heliad AG has 13 tracked investments, including 3 dated in the last 24 months.

What stage does Heliad AG invest at?

Heliad AG invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.

What is Heliad AG's typical check size?

Heliad AG typically writes checks of $5.4M – $16.2M.

What sectors does Heliad AG focus on?

Heliad AG focuses on AdTech, AI & Machine Learning, Cleantech, Climate Tech, Consumer, Defense Tech, Digital Health, Energy, FemTech, Fintech, GovTech, Healthtech, Impact & Social Good, IoT, Mobility & Transportation, Robotics, Sector Agnostic.

Where is Heliad AG located?

Heliad AG is headquartered in Frankfurt am Main, DE.

Who does Heliad AG co-invest with?

Heliad AG most often shares deals with HV Capital, PICUS CAPITAL, Andreessen Horowitz, among 33 tracked co-investors.

Heliad AG

Venture capital

Frankfurt am Main · Pre-Seed–Late Stage · 13 people tracked

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Find your way into Heliad AG

2,604 people in our graph share verified history with the Heliad AG team — schools, employers, funds. One of them is your warm intro.

Arnon Dinurunlockedknows Dr. Nicolaus Berlin · together at Podimo (overlapped)

knows the team · via Bundeswehr

×2knows the team · via Berenberg

knows the team · via FoodLabs

×7knows the team · via 212

✨ Fox Verdict

Investment thesis

Heliad backs generational founders from the earliest stages through to public markets, using an evergreen structure that invests directly off its balance sheet and is not constrained by fund life cycles, enabling long-term partnership even beyond an IPO. Early-stage investments (pre-seed to Series A) are made through its wholly owned vehicle Collective Ventures, supported by a co-investor network of family business owners, executives, and entrepreneurs. Heliad's stated differentiator is providing portfolio companies access to capital markets, with in-house experts in venture debt, equity financing, and M&A helping firms structure financing, raise growth capital, and navigate strategic exits.

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Late Stage

Check

$5.4M – $16.2M

Frankfurt am Main, DE

Instruments

Equity · Debt

Founded

2000

Last 12 months

2 investments

Tracked investments

Team · 13 people

from the firm's website

Cecil von Croÿ· Founder and Venture Partner, Collective Ventures· Berlin Metropolitan Areain

Entrepreneur in digital and sustainability ventures; Co-Founder and CEO of Alva Energie and founder of the acquired StudyTogether and charly.education. Guides early-stage startups at Collective Ventures.

Dr. Nicolaus Berlin· Founder and Venture Partner, Collective Ventures· Berlin, Berlin, Germanyin

Entrepreneur and operator focused on consumer and hardware ventures; CEO of mute-labs and former head of Podimo's German market entry. Supports early-stage founders at Collective Ventures.

Falk Schäfers· CEO· Frankfurt Rhine-Main Metropolitan Areain

Heliad CEO since May 2021; previously co-built the DACH corporate finance business at Berenberg, overseeing IPOs of many German tech companies including HelloFresh and Delivery Hero. Advises founders on equity story, valuations, and exit/IPO readiness.

f•••@heliad.comreveal

Julian Kappus· Co-CEO· Germanyin

Heliad Co-CEO since June 2022; previously led Bank of America's Continental Europe Structured Finance division and is a founding member of the Berlin angel syndicate Collective Ventures.

j•••@heliad.comreveal

Christopher Garlich· Investment Lead· Frankfurt, Hesse, Germanyin

Investment Lead at Heliad with corporate finance and M&A expertise from roles at Berenberg, Morgan Stanley, and Raymond James; supports founders on inorganic growth and IPO processes.

Alexander Wagner· Platform· Germanyin

Studied international business and strategic management in the US and Sweden; joined Heliad as a visiting analyst in 2022, moved into an investment analyst role, and now builds and manages Heliad's platform, focusing on investor, portfolio, and partner relationships plus internal operations.

a•••@heliad.comreveal

Can Kuloglu· Investment Team· Germanyin

Holds an economics degree from the University of Exeter and a computer science master's from IE University; gained startup experience across logistics and fintech and worked with founders at Antler and Turkish VC fund 212 before joining Heliad's investment team.

Herbert Seuling· Supervisory/Advisory Board

Business administration graduate and tax consultant who co-founded C.P.A. Dr. Mehnert & Seuling GbR; holds various advisory and supervisory board roles.

Ibrahim Köran· Head of GovTech· Berlin, Berlin, Germanyin

Head of GovTech at Heliad, responsible for a dedicated GovTech investment strategy; previously led PwC's GovTech division and supported the GovMarket/Possible Digital spin-off and the Berlin GovTech Campus.

Margarita Zittel· Head of Finance· Frankfurt, Hesse, Germanyin

Head of Finance at Heliad since 2011, joining as an accounting professional after working as a senior audit professional at EY; helps shape Heliad's financial strategies.

Peter Renato Schneider· SPV Structuring & Administration· Karlsruhe, Baden-Württemberg, Germanyin

Oversees structuring, administration, and management of SPVs at Heliad, from fund setup and investor onboarding to capital calls and reporting; previously worked in Investor Relations at COI Partners.

Stefan Müller· Supervisory/Advisory Board

Financial services executive with roles at HypoVereinsbank, United Capital Management, and flatex; currently Managing Director at Panthera AM and deputy chairman of the supervisory boards of flatexDEGIRO SE and Bank SE.

Volker Rofalski· Supervisory/Advisory Board· Greater Munich Metropolitan Area

Business administration graduate and serial founder (WebStock AG, TradeCross AG); managing partner of Only Natural Munich GmbH and holder of several supervisory board mandates including chairman roles.

What they invest in

from 11 of 13 portfolio companies

AI & Machine Learning ×4Fintech ×3SaaS ×3Consumer ×2Healthtech ×2Logistics & Supply Chain ×2Marketplaces ×2B2B Marketplaces ×1

HQs:Germany×7United States×1

Who they back

founder profiles across 5 portfolio companies

31%

repeat founders

of 13 founders with career history

Where their founders studiedfrom 11 founders with education data

WHU – Otto Beisheim School of Management ×3Ludwig-Maximilians-Universität München ×2

Where their founders worked beforefrom 13 founders with career history

Klarna ×3Goldman Sachs ×2Rocket Internet ×2Rocket Internet SE ×2Universal Music Group ×2

Investments · 13 tracked

founders shown can be your intro path

By year:2026 · 1 2025 · 23 dated

StratifAIstratifai.com in✓ verified

StratifAI develops AI-driven multimodal biomarkers for precision oncology, using its platform to link routine H&E histology and RNASeq gene expression data to patient outcomes for prognostic and predictive insights.

AI & Machine LearningBiotechHealthtechMedical DevicesBerlin, DE

Daniel Truhn(Co-Founder & Chief Medical Officer)in Firas Khader(Co-Founder & CTO)inJakob Nikolas Kather(Co-Founder & CSO)Omar El Nahhas(CEO & Co-founder)in

Co-investorsDebiopharm Innovation Fund Neulogy Ventures PICUS CAPITAL Alven HV Capital

ARX Roboticsarx-robotics.com inOct 2025

ARX Robotics develops robotics and sensor systems, with a stated focus on defense applications that protect people and support European sovereignty and security.

AI & Machine LearningDeep TechDefense TechHardwareRobotics

Co-investorsHV Capital Project A Ventures Robin Capital Scale Capital Speedinvest NATO Innovation Fund +1 more

Bayshorebayshore.aiJun 2026 · $8M

Munich-based consumer tech company

Co-investorsBOOOM Earlybird Venture Capital

ChefCocochefcoco.com inSep 2025

ChefCoco operates a catering business in Berlin that delivers fresh, chef-designed meals to workplaces, with clients ordering from a rotating weekly menu through the company's app.

ConsumerFoodTechLogistics & Supply ChainBerlin, DE

Shaminder Dhillon(Founder)in

Co-investorsAuxxo BLN Capital FoodLabs Felix Jahn HV Capital

Enpalenpal.com in 𝕏

Enpal offers residential solar systems for German households, available for purchase or rental in an all-in-one package that can include battery storage, a wallbox, an app, and a heat pump.

CleantechClimate TechEnergyBerlin, DE

Maxim D.(Founder)in Mario Kohle(Founder)inClimate Tech Energy Mario Kohle(Founder)Jochen Ziervogel(Co-Founder)in Viktor Wingert(Co-Founder & CFO (formerly CIO))in

Co-investorsACTIVATE CAPITAL PARTNERS B Capital Caesar Ventures Extantia Capital Holtzbrinck Ventures HV Capital +4 more

FINN Munich, Germanyfinn.com in

FINN offers flexible car subscriptions for consumers, with terms from six months and monthly pricing that includes insurance, tax, maintenance, and registration.

ConsumerMarketplacesMobility & TransportationSilicon Valley, DE

Max-Josef Meier(Co-Founder and Former Chief Executive Officer)in Maximilian Wühr(Co-Founder and Chief Executive Officer)in Nikolai Schröder(Co-Founder and Chief Operating Officer)in Max Beyer(Co-Founder and Former Chief Financial Officer)Hans-Peter Ringer(Co-Founder)in Andreas Stryz(Founder)in

Co-investorsHV Capital Keen Venture Partners Korelya Capital PICUS CAPITAL UVC Partners White Star Capital +1 more

Gaiagaiafamily.com in

Gaia offers fixed-price IVF and fertility treatment plans in the U.S., bundling costs into one price with monthly payment options, unlimited embryo transfers, and guaranteed minimum egg counts.

Digital HealthFemTechFintech

Nader AlSalim(Founder)in

Co-investorsClocktower Ventures Kindred Capital Optum Ventures Valar Ventures Llc

InstaFreightinstafreight.deDefunct

cargomotion is a road freight transportation software platform for logistics providers, connecting shippers, operators, and carriers through digital interfaces to help grow business, automate operations, and source carriers.

B2B MarketplacesLogistics & Supply ChainSaaSBerlin, DE

Gion-Otto Presser-Velder(Co-Founder)Markus Dötsch(Co-Founder & CTPO)in Maximilian Schäfer(Co-Founder & Managing Director)in Philipp Ortwein(Co-Founder & Managing Director)in

Co-investorsRocket Internet SE European Investment Bank Shell Ventures

Liolio.ai in

askLio is an AI-powered procurement platform that allows employees to request goods and services using natural language, automating the sourcing, negotiation, and execution of purchases.

AI & Machine LearningEnterprise SoftwareSaaSBY, DE

Vlad Keil(Founder)in Lukas Heinzmann(Founder)in Till Wagner(Founder)in Vladimir Keil(CEO)in

Co-investorsY Combinator Andreessen Horowitz Lightspeed Venture Partners SAV (Scale Asia Ventures)Titan Capital TransLink Capital +2 more

Nellygetnelly.de in

Nelly develops digital solutions to reduce administrative burden for healthcare professionals and improve patient experience.

FintechHealthtechSaaS

Dr. Tobias H(Founder)inLukas Eicher(Founder)inNiklas Radner(Founder)in Rasmus Schults(Founder)in

Co-investorsBif Calm/Storm VC Cathay Innovation Notion Capital b2venture Lakestar

Raisinraisin.com

Raisin operates an online marketplace that gives savers access to savings, deposit, and private equity products across multiple countries, with offers tailored to the user's country of tax residence.

FintechMarketplaces

Co-investorsGreycroft Headline Headline Growth Management, LLC Index Ventures XAnge b2venture

Varavara.network 𝕏

Vara Network is a blockchain platform designed for building and deploying decentralized applications (dApps) with features including gasless transactions, persistent memory, and parallel processing.

AI & Machine LearningCrypto & Web3

Co-investorsHypersphere Ventures Lemniscap YBB Foundation IBB Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Project Q

Portfolio news

latest coverage across their companies

Finn Raises €140M in Series D Funding

FINN Munich, Germany · finsmes.com · Aug 11, 2026

Bayshore raises $8m to automate compliance with AI agents

Bayshore · fintech.global · Jun 2, 2026

Lio Raises $30 Million in Series A | The SaaS News

Lio · thesaasnews.com · Mar 6, 2026

ARX Robotics Raises €31M Series A Round

ARX Robotics · arx-robotics.com · Jan 12, 2026

Frequently asked questions

How many investments has Heliad AG made?: Heliad AG has 13 tracked investments, including 3 dated in the last 24 months.
What stage does Heliad AG invest at?: Heliad AG invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Heliad AG's typical check size?: Heliad AG typically writes checks of $5.4M – $16.2M.
What sectors does Heliad AG focus on?: Heliad AG focuses on AdTech, AI & Machine Learning, Cleantech, Climate Tech, Consumer, Defense Tech, Digital Health, Energy, FemTech, Fintech, GovTech, Healthtech, Impact & Social Good, IoT, Mobility & Transportation, Robotics, Sector Agnostic.
Where is Heliad AG located?: Heliad AG is headquartered in Frankfurt am Main, DE.
Who does Heliad AG co-invest with?: Heliad AG most often shares deals with HV Capital, PICUS CAPITAL, Andreessen Horowitz, among 33 tracked co-investors.

Images

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