Fundraising Fox

HTGF

Venture capital

Bonn · Pre-Seed–Series A · 1 people tracked

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Investment thesis

Seed-stage investor writing small tickets to commercialize publicly funded university/institute research (Fraunhofer, Max Planck), focused on Industrial Climate & Deep Tech and Life Sciences, leveraging corporate partners for commercialization.

Stage
Pre-Seed–Series A
Check
$1.1M
HQ
Bonn, DE
Leads rounds
Follows
Instruments
Debt · Equity
Founded
2005
Last 12 months
4 investments
AUM
$2.2B
Tracked investments
17

Team · 1 people

from public directories

What they invest in

from 17 of 17 portfolio companies

SaaS ×12AI & Machine Learning ×10Enterprise Software ×6Fintech ×4Cleantech ×2Cloud Computing ×2Crypto & Web3 ×2Data & Infrastructure ×2

HQs:Germany×9United States×3

Investments · 17 tracked

founders shown can be your intro path

By year:2025 · 42024 · 32023 · 12022 · 19 dated

7Education7education.comin✓ verified

Seven Education operates a unified digital platform serving schools and educational institutions across Europe, providing tools for school communication, class management, lesson planning, school administration, and AI-powered features.

AI & Machine LearningEdTechSaaSKoblenz, DE

Daniel ZachariasJan Micha Kroll

Co-investorsHV CapitalBrighteye Ventures

akirolabsakirolabs.cominJan 2024 · $5M✓ verified

akirolabs offers an AI-augmented platform for enterprise procurement teams to build, standardize, and manage category and procurement strategies.

AI & Machine LearningEnterprise SoftwareSaaSBerlin, DE

Christoph Flöthmann(Founder)inDetlef Schultz(Co-Founder)inMichael Pleuger(Co-Founder)inChristoph Flothmann(Co-Founder)Tim Ergenzinger(Co-Founder)inKai Elsermann(Chief Revenue Officer)

Co-investorsD11ZOTB VenturesSerpentine Ventures

Amberraamberra.dein

amberra is the venturing studio of Germany's cooperative financial group (genossenschaftliche FinanzGruppe), operating as a venture capital investor, venture builder, and venture client partner.

Fintech

Björn Schmuckin

Co-investorsPeakBetter VenturesBynd Venture CapitalEnjoyventure ManagementVireo Ventures

Anetaaneta.companyMay 2023

Aneta operates an email-based AI research service that runs 15 specialized agents across academic, market, technical, and legal sources for days to produce long, citation-backed research reports.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsPebblebedAndera PartnersBGVForbionFountain Healthcare PartnersPMV+2 more

Auxilius.aiauxilius.aiin

Auxilius.ai provides compliance, controls, and audit software for financial institutions and enterprises.

AI & Machine LearningEnterprise SoftwareFintechSaaSUnterföhring, DE

James Barnes(Founder)in

Co-investorsTechstars

Caeli Windcaeli-wind.deinMay 2024

Caeli Wind operates a marketplace that connects German landowners — including industrial businesses and investors — with wind farm project developers, running feasibility and site analyses, tenders, and legal/permitting support to lease land for wind energy.

CleantechEnergyMarketplaces

Co-investorsNotion Capital

Carelanecarelane.ioinJun 2024

Carelane is an AI-driven clinical trials platform that unifies EDC, eCOA, and CTMS into one system, generating study builds and eCRFs from a protocol and suggesting data values from uploaded documents for human review.

AI & Machine LearningDigital HealthSaaS

Co-investorsVorwerk Ventures

Dataradedatarade.aiin𝕏

Datarade is a marketplace platform for purchasing and discovering business datasets, including company data, firmographic information, and technographic insights.

AI & Machine LearningB2B MarketplacesData & InfrastructureSaaSBerlin, DE

Thani ShamsiRichard HoffmannFlorian Rösler

Co-investorsTechstars

Egymegym.comin

EGYM provides an operating system for gyms and fitness clubs that connects training equipment, member data, and club management processes into one platform.

SaaSSports TechWellness & Fitness

Co-investorsBayern KapitalHighland EuropeHPE GrowthJavelin Venture PartnersNGP Capital

Graswaldgraswald.ai

Graswald AI is an AI production studio that generates studio-quality fashion imagery, including flatlays, on-model PDP shots, product video, and campaign content, with brand-customizable avatars, lighting, and poses.

AI & Machine LearningE-commerceMarketing Tech

Julius Harling(Founder)in

Co-investorsAngel InvestRobin CapitalSupernode GlobalLakestar

Heliatekheliatek.comin

Heliatek develops and manufactures HeliaSol, an IEC-certified organic photovoltaic solar film that is lightweight, flexible, and adheres to building surfaces and other structures without drilling.

CleantechEnergyNew MaterialsDresden, DE

Co-investorseCAPITAL ENTREPRENEURIAL PARTNERSENGIE New VenturesFuture Energy VenturesSIB Innovations- und BeteiligungsgesellschaftAQTON SEEuropean Investment Bank

Reflexreflexai.cominNov 2025

ReflexAI provides AI-powered simulations and quality assurance tools for clinical teams to practice patient interactions and ensure adherence to care standards.

AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechSaaSSales Tech

Co-investorsCollaborative FundGreyMatterAlpine Space VenturesATX Venture PartnersBayern Kapital

Reflexreflex.devin𝕏Nov 2025 · $58M

Reflex is a platform for building and deploying enterprise applications in Python, combining framework, infrastructure, and data connectivity in a single unified system.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSector AgnosticSan Francisco, US

Nikhil Rao(Founder)inAlek Petuskey(Founder)in

Co-investorsLattice CapitalAbstract VenturesOutset CapitalPICUS CAPITALY CombinatorAlpine Space Ventures+2 more

Reflexworkreflex.comin𝕏Nov 2025

Reflex is an on-demand staffing platform that connects retailers with vetted, background-checked retail associates for shifts such as sales, cashier, inventory, and event roles.

Future of WorkMarketplacesRetail Tech

Mike Meyers(Founder)in

Co-investorsATX Venture PartnersCanaan PartnersRed Swan VenturesService Provider CapitalAlpine Space VenturesBayern Kapital+2 more

Tanganytangany.comin𝕏Sep 2025

Tangany provides digital asset custody solutions for the financial industry.

Crypto & Web3FintechSaaSMunich, DE

Martin Kreitmair(Founder)in

Co-investorsBlockrocketBrighter CapitalNauta CapitalElevator Ventures

Venlyvenly.comin𝕏Sep 2022

Venly develops large-scale enterprise systems, building on the team's background from Benchmarking Partners, which created Walmart's first internet-based supplier collaboration system and an early business-to-business internet commerce standard.

AI & Machine LearningCloud ComputingEnterprise SoftwareFuture of WorkImpact & Social GoodSaaSCambridge, US

Alissa Onigman(Venly CFO)Paul Horn(Venly Executive Chair)Ted Rybeck(Venly CEO)David Sandberg(Venly General Counsel)Tom Fellows(Venly General Manager)Dee Mewbourne(Venly Institute Executive Director)

Co-investorsCourtside VenturesCoinbase Ventures

Venlyvenly.ioin𝕏

Venly provides blockchain developer tools including a Token API for creating, minting, burning, and managing ERC20 tokens without deep blockchain expertise.

Crypto & Web3Developer ToolsFintechSaaS

Tim Dierckxsens(CEO)Gerbert Vandenberghe(COO)Karel Striegel(CPO)Davy Van Roy(CTO)

Co-investorsTioga Capital PartnersTRANSCENDAlpaca VCCoinbase VenturesCourtside Ventures

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does HTGF invest at?
HTGF invests at the Pre-Seed, Seed, Series A stages.
What is HTGF's typical check size?
HTGF typically writes checks of $1.1M.
What sectors does HTGF focus on?
HTGF focuses on Advanced Manufacturing, Biotech, Cleantech, Consumer, Crypto & Web3, Data & Infrastructure, Energy, Enterprise Software, Hardware, Healthtech, Impact & Social Good, Media & Entertainment, Medical Devices, New Materials, SaaS, Sector Agnostic, Semiconductors.
Where is HTGF located?
HTGF is headquartered in Bonn, DE.
Does HTGF lead rounds?
HTGF typically participates in rounds rather than leading them.
Who does HTGF co-invest with?
HTGF most often shares deals with Bayern Kapital, Highland Europe, HPE Growth, among 3 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Episode #54 – Alex von Frankenberg (HTGF) über die Finanzierung und Zukunft von Startups

Payment Festival Vienna · Alex von Frankenberg

Dr. Alex von Frankenberg - HTGF Geschäftsführer (#PE6)

Mannheim Investment Club e.V. · Alex von Frankenberg

Start-ups und die große Stunde der Blockchain | Interview mit Dr. Alex von Frankenberg vom HTGF

BTC-ECHO | Bitcoin News & Tutorials · Alex von Frankenberg

Dr. Bernd Goergen from HTGF about DxPx Conference

DxPx Conference by SLS Partnering GmbH · Bernd Goergen

HTGF Experten Marco WInzer und Dr. Michael Brandkamp zu Entwicklung Life Science

HTGF. VC · Marco Winzer

Images

HTGF photo

Co-investors · 49

HV Capital

HV Capital is a European multistage venture capital firm that backs founders from the first check through IPO, investing across consumer, software, deep tech and AI.

Both backed · 1
$540K – $54M
Notion Capital

Notion Capital is a B2B software-focused venture capital firm built by operators, backing SaaS, cloud and enterprise technology companies.

Both backed · 1
$1M – $100M
Lakestar

Lakestar is an investment firm founded by Dr. Klaus Hommels in 2012, managing venture capital funds and personal investments across stages and geographies, with a focus on technology companies supporting Europe's sovereignty and prosperity.

Both backed · 1
$540K
Forbion

Forbion is a global venture capital firm focused on advancing biotech innovations and sustainable solutions aimed at improving human and planetary health.

Both backed · 1
Nauta Capital

Nauta Capital is a venture capital firm that invests in early-stage software companies across Europe.

Both backed · 1
$1.1M – $5.4M
eCAPITAL ENTREPRENEURIAL PARTNERS

eCAPITAL is a venture capital firm providing funding from early to growth stage to technology companies across software and IT, cybersecurity, industry 4.0, new materials, and cleantech.

Both backed · 1
$2.2M – $6.5M
Alpine Space Ventures

Alpine Space Ventures is a venture capital firm investing in a focused portfolio of startups in the space and space-enabled industry.

Both backed · 1
$11M – $22M
Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M
Lightspeed Venture Partners

Lightspeed is a global venture capital firm that has spent over two decades backing innovative companies as an early and first investor.

$1.7M – $87M
Accel

Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.

$1.6M – $70M
Balderton Capital

Balderton Capital is a European venture capital firm that backs technology startups.

$5M – $50M
SOSV

SOSV is a deep tech venture capital firm that makes first-check pre-seed investments and follow-on rounds in startups focused on human and planetary health, providing lab space and hands-on support at its US locations.

$30K – $550K
37 more co-investors

Stride VCComcast VenturesCherry VenturesEnergy Impact PartnersHeartcore CapitalXtripe AngelsAmadeus Capital PartnersOctopus VenturesAlvenVisionaries ClubL CattertonActon CapitalBand of AngelsredalpineMarket One CapitalBusiness Growth FundfinwayKurma PartnersCapnamicIris CapitalRepublic Capital (ex Republic Labs)Seventure PartnersVerve VenturesApollo Health VenturesParkwalk AdvisorsBASF Venture Capital GmbHClosed Loop PartnersEmerald Technology Ventures AgRethink VenturesTomahawk.VCNewionInovexusSIVentures (prev. Smart Infrastructure Ventures)Alpina PartnersAmathaon CapitalE2MC VenturesWilbe Capital

Firms observed investing alongside HTGF, from public investor directories. Shared companies are the overlap with HTGF's recorded portfolio.

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