Giesecke+Devrient

Founded in Munich, Germany in 1852, Giesecke+Devrient is a global security technology company. With approximately 11,800 employees and sales of €2.38 billion in 2021, the company specializes in customized solutions across four core areas: payment systems, secure connectivity for IoT devices, digital identities, and data protection infrastructure.

Alberto Pérez Arranz

Investment Manager

Michael Hochholzer

Managing Director

Thomas Larsson

Director, Strategic Product Management

Assaf Shamia

Investment Partner

Ralf Wintergerst

CEO

22 past transactions

Tremau

Seed Round in 2025
Tremau is a technology start-up based in Paris that specializes in developing software solutions aimed at enhancing the safety and benefit of the digital world. The company focuses on creating human-centered moderation tools designed to improve the content moderation processes of online platforms. Tremau's offerings assist the digital industry in managing regulatory and operational risks, enabling clients to implement comprehensive content moderation strategies while ensuring cost-effective compliance with digital regulations. Through its innovative solutions, Tremau aims to support the evolving needs of the global digital ecosystem.

Blockbrain

Seed Round in 2024
Blockbrain is an AI-driven platform that transforms complex, unstructured data into actionable insights through a proprietary, LLM-agnostic data processing infrastructure. It focuses on knowledge management to improve productivity and transparency within organizations, with an emphasis on secure, ethical AI and GDPR-compliant data privacy. The solution supports explainable AI and governance to bridge trust and accelerate the mainstream adoption of AI-powered knowledge management, especially for businesses in the DACH region. Additionally, Blockbrain analyzes blockchain data to build a decentralized finance knowledge graph, enabling detection of threats and opportunities in digital asset markets and helping investors make more informed, risk-aware decisions.

Patchstack

Series A in 2024
Patchstack develops WebARX, a comprehensive website security and monitoring platform that combines a web application firewall, uptime monitoring, domain reputation checks, and security scans in a single dashboard. It provides threat intelligence services and live protection for commercial websites built on content management systems, along with patch management to keep sites safe from mass hacking and cyber vandalism. The platform enables digital agencies and developers to monitor, protect, and maintain their entire client portfolio, supported by private threat intelligence that analyzes thousands of hacking incidents daily, and is accessible to small website owners.

Salv

Venture Round in 2023
Salv is an Estonian anti-money laundering technology company based in Tallinn that develops a platform for banks and fintechs to detect and prevent financial crime. The platform covers online transaction screening, offline monitoring, sanctions screening, and risk-based governance, centralizes AML data, and automates repetitive tasks, while enabling collaboration among institutions by exchanging intelligence and data on potential threats and providing audit trails for regulators.

Nano Corp

Seed Round in 2023
Nano Corp offers IT infrastructure managers the control of increasingly complex networks. The company's features include targeted and contextualized alerts, real-time analysis of all network flows, automatic mapping of networks by flows, visibility on all tunnels and virtual networks, network health status, detection of plateaus and bottlenecks, advanced network cybersecurity features, integration with fleet management tools as well as cyber siem or soar tools.

Tenzir

Seed Round in 2023
Tenzir specializes in Security Data Pipelines, a pioneering cybersecurity solution that simplifies data management. Its open-core platform enables security teams to build efficient data pipelines using plug-and-play building blocks, promoting transparency, scalability, and agility while reducing complexity and vendor lock-ins.

E-Kart

Acquisition in 2023
E-Kart is a modern card development and production firm that specializes in superior security, authorization, affordable data storage.

Salv

Seed Round in 2023
Salv is an Estonian anti-money laundering technology company based in Tallinn that develops a platform for banks and fintechs to detect and prevent financial crime. The platform covers online transaction screening, offline monitoring, sanctions screening, and risk-based governance, centralizes AML data, and automates repetitive tasks, while enabling collaboration among institutions by exchanging intelligence and data on potential threats and providing audit trails for regulators.

Netcetera

Acquisition in 2022
Netcetera offers digitization and software development services tailored to the financial technologies, media, transport, healthcare, and insurance industries. They provide comprehensive systems integration, IT products, and individual digital services to help businesses innovate and succeed in the digital age.

Salv

Seed Round in 2022
Salv is an Estonian anti-money laundering technology company based in Tallinn that develops a platform for banks and fintechs to detect and prevent financial crime. The platform covers online transaction screening, offline monitoring, sanctions screening, and risk-based governance, centralizes AML data, and automates repetitive tasks, while enabling collaboration among institutions by exchanging intelligence and data on potential threats and providing audit trails for regulators.

Brighter AI

Series A in 2022
Brighter AI Technologies GmbH, founded in 2017 and headquartered in Berlin, Germany, specializes in developing artificial intelligence-enabled software solutions. The company's primary focus is on video anonymization, which protects individual identities in compliance with privacy regulations such as GDPR. Their technology anonymizes camera data, including personally identifiable information like faces, allowing companies to use publicly recorded footage for analytics and AI applications while ensuring data privacy. Brighter AI's solutions are used across various sectors, initially starting within the automotive industry. The company has been recognized for its innovative work, being named “Europe’s Hottest AI Startup” by Nvidia and winning "The Spark - The German Digital Award" by Handelsblatt & McKinsey.

FNA

Venture Round in 2021
Founded in London in 2013, FNA is a deep technology analytics company specializing in financial system services. Its platform enables financial institutions to map and monitor complex financial networks, simulate operational and financial risks, and uncover hidden connections in large datasets.

Netcetera

Corporate Round in 2020
Netcetera offers digitization and software development services tailored to the financial technologies, media, transport, healthcare, and insurance industries. They provide comprehensive systems integration, IT products, and individual digital services to help businesses innovate and succeed in the digital age.

Metaco

Series A in 2020
Metaco is a Swiss company that specializes in providing digital asset management solutions for financial institutions. It offers a comprehensive orchestration platform that allows institutions to issue, secure, manage, and trade a diverse range of digital assets, including cryptocurrencies, tokens, and smart contracts. The company’s platform supports the entire lifecycle of asset tokens with a robust smart contract framework, facilitating the management of various asset classes such as equities, bonds, and derivatives. Metaco's technology ensures a secure and agile digital asset vault for self-custody, while also providing connectivity to over 50 exchanges, brokers, and market makers, thus enabling seamless trading and efficient risk management for its clients.

Brighter AI

Venture Round in 2019
Brighter AI Technologies GmbH, founded in 2017 and headquartered in Berlin, Germany, specializes in developing artificial intelligence-enabled software solutions. The company's primary focus is on video anonymization, which protects individual identities in compliance with privacy regulations such as GDPR. Their technology anonymizes camera data, including personally identifiable information like faces, allowing companies to use publicly recorded footage for analytics and AI applications while ensuring data privacy. Brighter AI's solutions are used across various sectors, initially starting within the automotive industry. The company has been recognized for its innovative work, being named “Europe’s Hottest AI Startup” by Nvidia and winning "The Spark - The German Digital Award" by Handelsblatt & McKinsey.

Transtrack International

Acquisition in 2019
Transtrack International, based in Amsterdam, Netherlands, specializes in developing standard software solutions for managing the end-to-end cash supply chain. Since its establishment in 1990, the company has become a trusted name in the cash industry, operating in 14 countries worldwide. Its flagship software, Cash Web Community, enhances control, efficiency, and management for central banks, commercial banks, cash-in-transit companies, and other cash-related businesses. By providing innovative tools, Transtrack aims to improve the operations of cash businesses, fostering collaboration within the supply chain and ensuring that cash remains an affordable option for society.

Build38

Seed Round in 2018
Build38 GmbH, founded in 2018 and headquartered in Munich, Germany, specializes in mobile application security and fraud protection software. The company offers innovative solutions that include app-hardening technologies to safeguard applications from both known and unknown threats, thereby enabling new digital business models across various sectors such as automotive, finance, public transport, and healthcare. With additional offices in Barcelona and Singapore, Build38 has established itself as a significant player in the IT security landscape, recognized as one of Germany's leading security startups. It is also noted for being an official vendor in the GARTNER In-App Shielding Market Guide since 2019, being the first to integrate In-App Shielding, In-App Monitoring, and AI-based In-App Reaction into its offerings.

Verimi

Seed Round in 2018
Verimi GmbH is a Berlin-based company founded in 2017 that operates a digital identity and payments platform. As a subsidiary of Daimler AG, Verimi provides a trusted European identity solution that allows users to register, log in, and verify their identity for various online services across different sectors. The platform combines a convenient single sign-on feature with stringent security measures and data protection, adhering to European regulations. Verimi enables users to safely store identification documents, digitally sign documents, and make secure payments, all within a single account that consolidates their identity and payment information. This approach emphasizes user control over personal data while enhancing convenience and security in online interactions.

IDnow

Series B in 2018
IDnow offers real-time identity verification services using advanced machine learning technology. Its platform ensures legal security across Europe and high data protection standards. The company specializes in video identification for customers and electronic signatures, serving businesses such as banks, telecoms, and fintech companies. Founded in 2014, IDnow is headquartered in Munich, Germany.

Fit Pay

Seed Round in 2016
FitPay, Inc., based in San Francisco, California, specializes in developing a contactless payment platform for wearable devices. Founded in 2014, the company utilizes NFC technology combined with card network tokenization to facilitate secure payment transactions at retail locations. The platform enables a phone-less and app-less experience, allowing consumers to make frictionless payments. FitPay provides flexible integration options and developer-friendly tools, including a full-featured API and mobile SDK for both iOS and Android. With a focus on enabling device manufacturers to incorporate contactless payment capabilities, FitPay aims to enhance customer loyalty, generate recurring revenue streams, and help businesses differentiate their products in a competitive market. Initially a subsidiary of Nxt-ID, Inc., FitPay became part of Garmin International, Inc. in 2019.

SmartTrust

Acquisition in 2009
SmartTrust is a global leader in the development of infrastructure software that specializes in SIM and Mobile Device Management. The company provides security and service management solutions tailored for mobile and internet e-services. Its clientele includes operators, financial institutions, trusted service providers, as well as various portals and content providers. By focusing on the management and security of mobile services, SmartTrust plays a crucial role in enhancing the operational efficiency and security of mobile technology for its diverse range of customers.
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