Tengelmann Ventures

Tengelmann Ventures is an early-stage venture capital firm based in Essen, Germany, established in 2009. The firm focuses on empowering the next generation of consumer-centric entrepreneurs in both business-to-consumer and business-to-business sectors. Tengelmann Ventures invests in early-stage companies that operate within the realms of consumer internet, digital services, and emerging technologies, aiming to support innovative solutions and drive growth in these dynamic fields.

Andreas Guldin

Managing Director and Head of Investment Committee

Julia Lang

Investment Professional

9 past transactions

Marvel Fusion

Series B in 2025
Marvel Fusion is a Munich-based company established in 2019 that specializes in the development of fusion energy technology. The company focuses on creating a laser-based nuclear fusion reactor designed to provide environmentally friendly and safe energy solutions. Its innovative reactor utilizes short pulse, high energy, and electrically efficient lasers, making it suitable for the commercialization of baseload fusion electrical power. By advancing this technology, Marvel Fusion aims to enable consumers to access clean, reliable energy sources, contributing to a sustainable energy future.

Planet A Foods

Series B in 2024
Planet A Foods is a producer of plant-based, cocoa-free chocolate that focuses on creating food products from natural ingredients. The company emphasizes local production to minimize the impact on land and resources while aiming to reduce global carbon emissions. By utilizing traditional fermentation techniques, Planet A Foods offers an alternative to conventional chocolate, allowing consumers to enjoy chocolate flavors without the associated environmental drawbacks of unsustainable cocoa production.

Kugu

Series A in 2024
Kugu is a technology company that specializes in enhancing energy efficiency within buildings. It offers an innovative digital platform designed to manage and optimize building data, enabling clients in the real estate sector to achieve significant energy savings and reduce their carbon footprint. The platform provides comprehensive access to property data, automates relevant tasks based on this data, and facilitates communication of crucial building information among stakeholders, thereby creating digital value and promoting sustainability within the industry.

Rebike Mobility

Venture Round in 2024
rebike1 GmbH, established in 2018 and located in Krailling, Germany, operates a platform for buying and selling used electric bikes (e-bikes). The company sources new e-bikes from prominent manufacturers such as Winora/Haibike, Husqvarna, Flyer, KTM, and Orbea, which are rented to businesses and consumers before being refurbished and sold with a two-year warranty. Additionally, rebike1 acquires used e-bikes from rental stations and retailers, refurbishes them, and markets them to consumers. In Oberstdorf, a popular tourist destination near Munich, rebike1 manages the largest e-bike rental station in the region. The company, which employs 18 people, is expanding its rental services under the brand ebike1verleih in collaboration with local bike shops in various tourist areas.

Marvel Fusion

Series B in 2024
Marvel Fusion is a Munich-based company established in 2019 that specializes in the development of fusion energy technology. The company focuses on creating a laser-based nuclear fusion reactor designed to provide environmentally friendly and safe energy solutions. Its innovative reactor utilizes short pulse, high energy, and electrically efficient lasers, making it suitable for the commercialization of baseload fusion electrical power. By advancing this technology, Marvel Fusion aims to enable consumers to access clean, reliable energy sources, contributing to a sustainable energy future.

Kalia Lab

Seed Round in 2024
Kalia Lab operates a skincare clinic, specializing in aesthetic medicine and medical skin treatments. Their services include blood plasma treatments, migraine therapy, sweat gland treatments, radiofrequency needling, cheek augmentation, and fat removal injections, providing comprehensive care for patients seeking skin treatment consultations and procedures.

Blickfeld

Venture Round in 2023
Blickfeld GmbH, established in 2016 and based in Munich, Germany, specializes in the production of LiDAR sensors and associated software. These sensors use near-infrared light to detect and map objects, enabling autonomous vehicles to perceive their surroundings. The company's patented silicon MEMS mirrors and commercial off-the-shelf components allow for low-cost mass production, making LiDAR technology more accessible to the automotive industry. Additionally, Blickfeld's object detection and mapping software processes sensor data, facilitating applications such as city planning, real-time mapping, and usage pattern analysis. The company serves various sectors, including automotive, transportation, industrial, and robotics.

Wholey

Seed Round in 2023
Wholey is a Berlin-based start-up that specializes in developing innovative, plant-based breakfast products of the highest organic quality. Founded in 2016, the company initially focused on smoothie mixes for the catering industry but has since expanded its product range to include smoothie bowls, granolas, nut creams, and porridges. Wholey emphasizes the use of natural ingredients, ensuring that its offerings contain no refined sugars, artificial additives, or preservatives. The company aims to promote healthy eating habits by providing fresh and nutritious breakfast options. Wholey products are available in supermarkets across Germany, Austria, Switzerland, the Netherlands, Denmark, Iceland, and the UK, as well as through food service channels and its own online shop.

Edurino

Series A in 2023
Edurino is an innovative e-learning platform designed for children aged 4-8, aimed at introducing digital learning in a responsible and engaging manner. By combining physical toys with a digital learning app, Edurino creates an interactive environment where children can explore educational content through play. The platform collaborates with educators and experts to ensure that its offerings are age-appropriate and effective, providing story-based learning experiences through educational games. Parents are given tools to monitor their child's progress and manage screen time effectively, as the app autonomously signals the end of playtime once the set limit is reached. This approach allows for a tailored learning journey that aligns with each child's developmental stage, fostering a balanced introduction to digital education.
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