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TVM Capital

Venture capital

Munich · Seed–Late Stage · 22 people tracked

Also known as TVM CAPITAL GMBH · TVM Techno Venture Management GmbH

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Investment thesis

TVM Capital Life Science pursues a two-pronged investment strategy. First, it finances innovative early-stage therapeutics using a single-asset company approach, leveraging a strategic relationship with Eli Lilly and Company. Second, it invests in differentiated commercial-stage medtech, diagnostics, and digital health products, as well as late-stage therapeutics. The firm aims to develop and market products with the potential to transform medical practice and improve outcomes for patients and the healthcare system, while building value for its investors. It emphasizes strong support for its portfolio companies.

Invests inBiotechDigital HealthHealthtechMedical DevicesAsia-PacificCanadaEuropeFranceGermanyGlobalMunichNetherlandsNorth AmericaUnited KingdomUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
Check
$1.1M – $16.2M
HQ
Munich, DE
Leads rounds
Leads
Instruments
Equity
Founded
1983
AUM
$990M
VC funds
1
Tracked investments
7

Team · 22 people

from the firm's website & public directories
Josef Moosholzer· Partner Finance

Partner Finance within TVM's finance and administration team.

Barbara Hauser· Senior Accountant

Senior Accountant on TVM's finance and administration team.

Dominique Larose· Assistant to Montreal Team

Assistant supporting TVM's Montreal team.

Mechthild Heinemann· Office Administration

Handles office administration for TVM.

Monika Marosevic· Accountant

Accountant on TVM's finance and administration team.

Pamela Petersen· Assistant to Munich Team

Assistant supporting TVM's Munich team.

Tanja Takides· Senior Accountant, HR and Payroll

Senior Accountant handling HR and payroll for TVM.

What they invest in

from 4 of 7 portfolio companies

Biotech ×3Hardware ×1Healthtech ×1Medical Devices ×1

HQs:United States×4

Investments · 7 tracked

founders shown can be your intro path
Access Vascularin

Develops venous access devices made from patented biocompatible biomaterials designed to reduce infections, thrombosis, and phlebitis in intravenous therapy.

BiotechBedford, US

Paul Sabin(Director)Joseph Pellegrino(Director)James Biggins(Executive Officer, Director)Brent Ratz(Director)

Board seatLuc Marengere· per SEC Form D

Acer TherapeuticsSEC filingmedium confidence

BiotechCambridge, US

Cynthia Lavoie(Director)Harry S. Palmin(Executive Officer, Director, Promoter)Christopher Schelling(Executive Officer, Director, Promoter)

Board seatHubert Birner· per SEC Form D · $15.7M raise · filed Oct 2017

CoLucid PharmaceuticalsSEC filingmedium confidence

BiotechDurham, US

Bernice Kuca(Executive Officer)Mathers P. Thomas(Executive Officer, Director)Jesse I. Treu(Director)Nadia Rupniak(Executive Officer)Timothy C. Gupton(Executive Officer)Richard J. Markham(Director)

Board seatLuc Marengere· per SEC Form D · $37.1M raise · filed Jan 2015

Acanthasacquired by Eli Lilly

Developer of an oral small molecule targeting a mutation involved in acute myeloid leukemia, sarcomas, and gliomas; acquired by Eli Lilly.

Aurka Pharmaacquired by Lilly

Project-focused company developing an aurora kinase A inhibitor (AK-01) licensed from Lilly; acquired by Lilly ~1.5 years after TVM's investment.

CoLucidacquired by Lilly

Developer of lasmiditan, an oral 5-HT1F agonist for acute migraine treatment; IPO'd on Nasdaq and later acquired by Lilly for $960 million.

Egg Medicaleggmedical.comin𝕏

Egg Medical develops products designed to reduce scatter radiation exposure for physicians, surgeons, nurses, technicians, and other staff who use x-ray imaging during diagnostic and therapeutic procedures.

HardwareHealthtechMedical DevicesArden Hills, US

Robert F. Wilson(Founder & Chief Executive Officer)John Gainor(Co-founder & Chief Technology Officer)Scott Youngstrom(Chief Financial Officer)Gavin Philipps(Chief Commercial Officer)

BoardMarc Riviere(Director)Luc Marengere(Director)

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Public market activity · per SEC filings

what is this? ⓘ
SC 13G filingSC 13G

Disclosed stake · filed Mar 2011

view filing ↗
SC 13G filingSC 13G

Disclosed stake · filed Feb 2008

view filing ↗

10 insider ownership filings (Forms 3/4/5)

From the firm's own SEC EDGAR filings — stakes and insider roles in public companies, typically portfolio companies after an IPO. Not a portfolio list published by the firm.

Frequently asked questions

What stage does TVM Capital invest at?
TVM Capital invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is TVM Capital's typical check size?
TVM Capital typically writes checks of $1.1M – $16.2M.
What sectors does TVM Capital focus on?
TVM Capital focuses on Biotech, Digital Health, Healthtech, Medical Devices.
Where is TVM Capital located?
TVM Capital is headquartered in Munich, DE.
Does TVM Capital lead rounds?
Yes, TVM Capital leads investment rounds.

Media · Podcasts & interviews

featuring the team

BIO-Europe 2025: Interview with Dr. Hubert Birner from TVM Capital Life Science

MC Services AG · Hubert Birner

Bob Wilson, EGG Medical & Luc Marengere, TVM Capital Life Science - Studio Interview | LSI USA ‘24

LSI - Life Science Intelligence™ · Luc Marengere

BIO-Europe Spring 2024: Interview with Hubert Birner from TVM Capital Life Science

MC Services AG · Hubert Birner

BIO-Europe 2023: Interview with Hubert Birner of TVM Capital

MC Services AG · Hubert Birner

Where is the Money Going in Biotech? - Hubert Birner, Managing Partner at TVM Capital

Labiotech.eu · Hubert Birner

Images

TVM Capital photoTVM Capital photo

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