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Mutschler Ventures

Family office

Baar · Seed–Series A · 4 people tracked

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Investment thesis

Mutschler Ventures invests in scalable technology companies that already show initial traction (revenue) and first validation, focusing on sectors such as fintech, digital health, proptech, regtech, edtech, cleantech and mobility, and business models including B2B/B2C SaaS, enterprise SaaS and tech-enabled services. It explicitly avoids biotech, medtech, food, consumer brands, gaming, crypto and blockchain. Positioning itself as a leading follow-on investor for seed rounds, it takes a hands-on, active approach, supporting portfolio companies with company building, strategic and organizational questions, investor introductions and network connections. It seeks exceptional founding teams and accepts both warm introductions and direct outreach.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series A
HQ
Baar, CH
Leads rounds
Follows
Instruments
Equity
Founded
2007
Tracked investments
8
Unicorns
1
IPOs
1
Acquisitions
1

Team · 4 people

from the firm's website & public directories
Maximilian Engelken· Managing Director

What they invest in

from 7 of 8 portfolio companies

Digital Health ×2Enterprise Software ×2Fintech ×2Healthtech ×2SaaS ×2AI & Machine Learning ×1B2B Marketplaces ×1Cleantech ×1

HQs:Germany×4United Kingdom×1Netherlands×1

Investments · 8 tracked

founders shown can be your intro path

By year:2022 · 22019 · 12018 · 14 dated

Ada Healthada.comin𝕏Feb 2022

Ada offers intelligent health technology, including a medical library of doctor-created, research-based information about conditions and symptoms to help people make informed health decisions.

AI & Machine LearningDigital HealthHealthtech

Co-investorsRed River WestSamsung Catalyst FundUrania Ventures10x FoundersBertelsmann InvestmentsLeaps by Bayer+1 more

Adyenadyen.comin𝕏

Adyen is a payments platform that enables enterprises to accept, process, and move money across their business, with capabilities for embedded finance and financial product issuance.

Enterprise SoftwareFintechAmsterdam, NL

Co-investors408 VenturesAccess Technology VenturesBridford Investments (Bridford Group)Felicis VenturesICONIQIndex Ventures+6 more

Anybillanybill.dein𝕏Aug 2022

anybill provides digital receipt technology that lets brick-and-mortar retailers deliver receipts to customers' smartphones via QR code, loyalty card, or card payment, replacing paper receipts.

Marketing TechRetail TechSaaS

Lea Frank(Founder)inTobias Gubo(Founder)in

Co-investorsAuxxoAVGIlavska Vuillermoz Capital

Auto1 Groupauto1-group.comin𝕏

AUTO1 Group operates a B2B and B2C platform for buying and selling used cars in Europe.

B2B MarketplacesE-commerceFintechMarketplacesMobility & TransportationBerlin, DE

Christian Bertermann(CEO & Co-Founder)inHakan Koç(Co-Founder)in

Co-investorsDN CapitalG SquaredSoftBank Vision FundTarget GlobalVentura CapitalCherry Ventures+2 more

HeavenHRheavenhr.comin𝕏Dec 2018

HeavenHR provides a digital human resources management and payroll processing platform that combines employee data management, time tracking, and real-time payroll calculation with compliance automation.

Enterprise SoftwareHR TechSaaS

Co-investorsAllianz XOpenOceanTarget GlobalPiton Capital LLP

Medbellemedbelle.comApr 2019 · $7M

Medbelle operated a digital hospital in the UK that combined technology with human support to guide patients through their care journey, from finding clinicians and arranging consultations to coordinating treatment, surgery and aftercare.

Digital HealthHealthtech

Leander

Co-investorsXR InvestCavalry VenturesTalis Capital

Thermondothermondo.dein𝕏acquired by Brookfield Infrastructure

Thermondo installs heat pumps, photovoltaic systems, and energy management solutions for homeowners in Germany, handling planning, government subsidy applications, and installation as a complete package.

CleantechClimate TechEnergyBerlin, DE

Philipp Pausder(Founder)inClimate Tech Energy Philipp Pausder(Founder)Florian Tetzlaff(Co-Founder (former managing director))Kristofer Fichtner(Co-Founder (former managing director))in

Co-investorsBerliner Volksbank VenturesEneco VenturesFuture Energy VenturesPICUS CAPITALRedstoneTane Fund+5 more

Other

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

Sygnum

Exits · 2

1 IPOs · 1 acquisitions · showing 1

Thermondoacq. by Brookfield Infrastructure

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Mutschler Ventures made?
Mutschler Ventures has 8 tracked investments, 2 of which have exited.
What stage does Mutschler Ventures invest at?
Mutschler Ventures invests at the Seed, Series A stages.
What sectors does Mutschler Ventures focus on?
Mutschler Ventures focuses on Biotech, Cleantech, Data & Infrastructure, Digital Health, EdTech, Energy, Enterprise Software, Fintech, Healthtech, Mobility & Transportation, New Materials, PropTech, SaaS.
Where is Mutschler Ventures located?
Mutschler Ventures is headquartered in Baar, CH.
Does Mutschler Ventures lead rounds?
Mutschler Ventures typically participates in rounds rather than leading them.
Who does Mutschler Ventures co-invest with?
Mutschler Ventures most often shares deals with DN Capital, Felicis Ventures, G Squared, among 20 tracked co-investors.

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