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.

Where is Heliad AG located?

Heliad AG is headquartered in Frankfurt am Main, DE.

Heliad AG

Venture capital

Frankfurt am Main · Pre-Seed–Late Stage · 15 people tracked

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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.

Invests inAdTech AI & Machine Learning Cleantech Climate Tech Consumer Defense Tech Digital Health Energy FemTech Fintech GovTech Healthtech Impact & Social Good IoT Mobility & Transportation Robotics Sector AgnosticBerlinEuropeFrankfurt am MainGermanyNorth AmericaUnited States

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

Tracked investments

Team · 15 people

from the firm's website & public directories

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.

Philip Kurzrock· Investment Manager

p•••@heliad.comreveal

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.

Roland Kloesel· Finance & Support· Frankfurt, Hesse, Germanyin

Roland has been part of the Heliad ecosystem for 15 years, handling accurate financial record processing and administration across Heliad entities.

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

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 4 of 9 portfolio companies

AI & Machine Learning ×2SaaS ×2Cleantech ×1Climate Tech ×1Deep Tech ×1Defense Tech ×1Energy ×1Enterprise Software ×1

HQs:Germany×2

Investments · 9 tracked

founders shown can be your intro path

ARX Roboticsarx-robotics.comin

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

askLioasklio.ai

Lio builds an AI procurement workforce for enterprises, deploying specialized agents to manage purchase requests, vendor research, negotiations, approvals, and delivery tracking.

AI & Machine LearningEnterprise SoftwareSaaS

Bayshore AI

Autonomous compliance and legal operations platform for large enterprises that translates policies and regulations into deterministic, auditable decision graphs.

Enpalenpal.comin 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 TechEnergy

FINN

Sustainable mobility solution providing flexible monthly car subscriptions through online B2C and B2B platforms

Gaia

FemTech fertility care company offering personalized, outcome-based insurance and IVF success rate prediction

Nellygetnelly.dein

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

FintechHealthtechSaaS

Project Q

Builds the orchestration layer for Europe's defence and critical infrastructure, connecting heterogeneous sensors and mission systems in real-time through an open-core API-first platform.

Raisinraisin.com

Portfolio news

latest coverage across their companies

Nelly Group Q2 2026 slides: margins sink on discounting, execution woes By Investing.com

Nelly · investing.com · Jul 15, 2026

Frequently asked questions

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.

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