HV Capital

Venture capital firm
Munich, Bavaria, Germany€2.89B AUMwww.hvcapital.comSee connections →

European venture capital firm investing from early stage through growth in AI, enterprise software, deep tech, fintech, consumer, and robotics.

At a glance

HV Capital appears in 3 funding rounds tracked by ValueAddVC since 2026, leading 1. Its most frequent sector in these rounds is Energy & Climate, and its most recent tracked deal was Rabot Energy's $50M Series B round (Oct 15, 2026). ValueAddVC also tracks 1 fund managed by HV Capital.

Strategy

Stages
Early StageGrowth
Sectors
AIEnterprise SoftwareDeep TechDefenseFinTechConsumerRobotics
Geographies
EuropeMunich, Bavaria, Germany
Check size
$1M-$30M

Recent changes

  1. Oct 15, 2026Invested in Rabot Energy (Series B, $50M) Tech Funding News
  2. Sep 5, 2026Sectors updated: AI, Enterprise Software, Deep Tech, Defense, FinTech, Consumer, Robotics hvcapital.com
  3. Sep 5, 2026Stages updated: Early Stage, Growth hvcapital.com
  4. Aug 4, 2026Invested in Ore Energy (Series A, $43M) TheNextWeb
  5. Jul 2026Invested in Quantum Systems (Series D, $1.2B) Wikipedia
Earlier changes (1)
  1. May 4, 2023New fund: HV Capital Fund IX (€710M) TechCrunch

Funds

1
FundVintageSizeStrategySource
HV Capital Fund IX2023€710MFlagshipSeed through Series D and beyond, split into Fund IX Venture and Fund IX Growth vehicles · Seed to Growth
As of May 4, 2023TechCrunch

Portfolio

4 total

Recent Investment Activity

3

Track record: led 1 and participated in 2 of 3 tracked venture rounds · 3 in the last 12 months · led 1 Series A

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 15, 2026Rabot EnergySeries BParticipated$50M—
DeepTech & Climate FondsunverifiedHV CapitalunverifiedAcurio VenturesunverifiedEndeit Capital
Pulse story
Aug 4, 2026Ore EnergySeries ALed$43M—
PluralLeadHV CapitalLeadPositron Ventures
Pulse story
Jul 2026Quantum SystemsSeries DParticipated$1.2B$8BWikipedia

Sector / Stage Activity

By sector (portfolio)
Robotics
1 · 25%
Energy storage
1 · 25%
Defense
1 · 25%
Climate tech
1 · 25%
By stage (tracked rounds)
Series B
1 · 33%
Series A
1 · 33%
Series D
1 · 33%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

Value Add Research

Latest Pulse

  1. A Second Hadrian Raises $40M, This One For CybersecurityA Netherlands-based cybersecurity startup called Hadrian raised a $40 million Series B for its AI-powered offensive security platform -- a different company entirely from the $7.87 billion defense-manufacturing unicorn of the same name.→
  2. Isar Aerospace Reaches Orbit on Its Second FlightThe Munich-based launch startup put payloads into orbit from Andoya, Norway, becoming the first commercial company to deliver satellites to orbit from continental Europe.→
  3. Ore Energy Raises $43M for Iron-Air BatteriesAmsterdam's Ore Energy raised a $43M Series A from Plural and HV Capital to commercialize iron-air batteries that store renewable power for up to 100 hours at roughly a tenth of lithium-ion's cost.→
  4. Quantum Systems Raises $1.2B Series D as Europe Bets Big on Sovereign DroneQuantum Systems, a German maker of autonomous drones and multi-domain uncrewed systems, closed a $1.2 billion Series D co-led by Blackstone, Airbus Defence and Space and Advent International, more than doubling its valuation to roughly $8 billion.→

HV Capital FAQ

What is HV Capital's latest fund?

HV Capital Fund IX, closed at €710M (As of May 4, 2023; TechCrunch).

What companies has HV Capital invested in?

HV Capital's portfolio includes Rabot Energy, Ore Energy, Quantum Systems, Neura Robotics.

Who does HV Capital co-invest with most?

In the rounds Value Add tracks, HV Capital most often invests alongside A.P. Moller Holding (1 shared deal), Advent International (1 shared deal), Airbus (1 shared deal), Airbus Ventures (1 shared deal), Amazon (1 shared deal).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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