eCAPITAL ENTREPRENEURIAL PARTNERS

eCapital Entrepreneurial Partners AG is a private equity and venture capital firm based in Münster, Germany, with an additional office in Moers. Established in 1999, it specializes in funding seed, startup, mid, late, and growth stage investments primarily in small and medium-sized enterprises. The firm focuses on sectors such as software and information technology, cybersecurity, industry 4.0, new materials, and cleantech. eCapital typically invests between €0.1 million and €10 million in its portfolio companies, with seed investments ranging from €0.25 million to €0.75 million and growth capital investments between €2 million and €3 million. The firm aims for minority stakes, typically not exceeding 15%, and seeks to exit investments through avenues like IPOs and trade sales. Currently, eCapital manages over €220 million in assets and is committed to supporting entrepreneurs in building impactful businesses, primarily within Germany and neighboring regions.

Vasant Desai

Venture Partner

Hannes Schill

Partner

Past deals in Germany

Dryad Networks

Convertible Note in 2024
Founded in 2020, Dryad Networks provides advanced forest monitoring solutions. It offers sensor nodes, distributed gateways, and a platform for detecting fires and tracking forest health. The company operates from Berlin and Eberswalde, Germany.

QuoIntelligence

Seed Round in 2023
QuoIntelligence is a cybersecurity firm that operates in Germany, Italy, Spain, and the US. It provides digital risk protection, threat intelligence, and risk intelligence services tailored to customer needs. The company serves critical sectors such as government, finance, insurance, manufacturing, and transportation across Europe. Its platform offers finished intelligence reports prepared by a diverse team, enabling businesses to identify risks early, meet regulatory requirements, and make informed security decisions.

nyris

Venture Round in 2023
nyris is a visual search platform provider that enables users to find products and objects in images and videos using AI and neural networks. The platform serves multiple industries, including retail and e-commerce, industrial and manufacturing, media and entertainment, and financial services, by delivering fast, unified search results and improved discovery. Founded in 2015 and headquartered in Berlin with a second location in Düsseldorf, nyris serves customers across more than 50 countries.

Dryad Networks

Series A in 2022
Founded in 2020, Dryad Networks provides advanced forest monitoring solutions. It offers sensor nodes, distributed gateways, and a platform for detecting fires and tracking forest health. The company operates from Berlin and Eberswalde, Germany.

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.

Papershift

Series A in 2021
Founded in 2015, Papershift is a German-based SaaS company specializing in workforce management. It offers a platform for planning, tracking, and reporting work hours, serving thousands of customers across Europe. The solution enables teams to create schedules, record times, and evaluate data via mobile apps, browser, terminals, or API. It also integrates with third-party systems and offers an open API.

The Ferroelectric Memory Company

Series B in 2020
The Ferroelectric Memory Company (FMC), based in Dresden, Germany, specializes in providing embedded nonvolatile memory solutions to the semiconductor industry. FMC's core technology is based on ferroelectric hafnium oxide (FE-HfO2), enabling ultra-low-power, high-performance, and dense non-volatile storage. This technology, known as FeFET, transforms classical high-k metal-gate transistors into nonvolatile ferroelectric field effect transistors, allowing for easy scaling of microcontrollers from 65nm down to 5nm and beyond. FMC's solutions offer significant advantages, including a 80% reduction in system-on-chip (SoC) cost, a 1000x reduction in write energy per bit, and a 70% overall performance gain. The company's technology is designed to be compatible with cutting-edge technology nodes, making it a future-proof solution for the semiconductor industry.

envelio

Series A in 2019
envelio GmbH, founded in 2017 and based in Cologne, Germany, specializes in developing software solutions for the planning and operation of energy networks. The company offers the Intelligent Grid Platform (IGP), a modular software system designed to assist distribution grid operators in digitizing and automating their processes. This platform integrates algorithms based on artificial intelligence and mathematical optimization to facilitate the management of distribution grids, allowing for the seamless incorporation of numerous distributed energy resources and smart meter data. Key features of the IGP include applications for data quality management, automated grid planning, and operational support for congestion management in response to potential grid bottlenecks. By enabling grid operators to optimize their operations, envelio plays a crucial role in advancing the energy transition and enhancing grid sustainability and flexibility.

BlueID GmbH

Series A in 2019
BlueID GmbH, founded in 2006 and based in Munich, Germany, specializes in mobile access control solutions that allow users to interact with various objects through their smartphones. The company has pioneered the concept of a digital key ring for mobile devices, facilitating identification, access control, authentication, and secure command execution. BlueID's innovative platform integrates smoothly into applications, backend systems, and existing hardware, making it versatile for various industries. Initially rooted in developing security technology for the automotive sector, BlueID has since broadened its product range to include applications in facility management and information technology, positioning itself as a leader in secure mobile access solutions.

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.

Uptempo

Series C in 2018
BrandMaker GmbH specializes in designing and developing marketing resource management (MRM) and customer engagement software solutions tailored for various industries. The company's offerings encompass project and workflow management, digital asset management, brand management, content marketing, local area marketing, customer engagement, and performance management. Key products include Marketing Planer, Job Manager, Review Manager, Reporting Center, Media Pool, and Sales Enablement Workbench, among others. Founded in 1999 and headquartered in Karlsruhe, Germany, BrandMaker was previously known as pi-consult GmbH until its rebranding in 2009. The company is recognized as a leader in MRM by industry analysts and serves over 300 prominent clients, including Bayer and Daimler, who rely on its solutions to enhance marketing planning and execution across diverse markets in Europe.

The Ferroelectric Memory Company

Series A in 2018
The Ferroelectric Memory Company (FMC), based in Dresden, Germany, specializes in providing embedded nonvolatile memory solutions to the semiconductor industry. FMC's core technology is based on ferroelectric hafnium oxide (FE-HfO2), enabling ultra-low-power, high-performance, and dense non-volatile storage. This technology, known as FeFET, transforms classical high-k metal-gate transistors into nonvolatile ferroelectric field effect transistors, allowing for easy scaling of microcontrollers from 65nm down to 5nm and beyond. FMC's solutions offer significant advantages, including a 80% reduction in system-on-chip (SoC) cost, a 1000x reduction in write energy per bit, and a 70% overall performance gain. The company's technology is designed to be compatible with cutting-edge technology nodes, making it a future-proof solution for the semiconductor industry.

Sonnen

Series E in 2018
Sonnen is a developer of solar-based energy storage systems that provides clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Established in 2011, the company launched the Sonnenbatterie, one of the first intelligent lithium storage systems in the German and Austrian markets. Sonnen's products not only focus on energy storage but also include features such as active energy management, smart metering, and integration with virtual power plants. These systems allow users to optimize energy use, save money by utilizing energy generated from solar photovoltaic systems or the grid, and manage their home automation platforms effectively.

Heliatek

Series D in 2017
Heliatek GmbH, founded in 2006 and based in Dresden, Germany, specializes in the development and manufacture of organic photovoltaics (OPV) solutions, particularly HeliaSol and HeliaFilm. These innovative products are designed for integration into various building surfaces, including horizontal, vertical, and curved structures, making them suitable for retrofitting existing buildings as well as for new construction. Heliatek's OPV technology is characterized by its ultra-lightweight and flexible nature, contributing to environmentally friendly energy solutions. The company serves a diverse clientele, including those in the building and construction materials industry, automotive manufacturers, and suppliers, and has established strategic partnerships with firms such as AGC Glass Europe and Reckli China. With approximately 160 employees, Heliatek is at the forefront of advancing organic electronics, utilizing advanced roll-to-roll manufacturing processes in controlled environments to produce its solar films.

Uptempo

Series B in 2017
BrandMaker GmbH specializes in designing and developing marketing resource management (MRM) and customer engagement software solutions tailored for various industries. The company's offerings encompass project and workflow management, digital asset management, brand management, content marketing, local area marketing, customer engagement, and performance management. Key products include Marketing Planer, Job Manager, Review Manager, Reporting Center, Media Pool, and Sales Enablement Workbench, among others. Founded in 1999 and headquartered in Karlsruhe, Germany, BrandMaker was previously known as pi-consult GmbH until its rebranding in 2009. The company is recognized as a leader in MRM by industry analysts and serves over 300 prominent clients, including Bayer and Daimler, who rely on its solutions to enhance marketing planning and execution across diverse markets in Europe.

Videantis

Series A in 2017
Videantis is a provider of computer vision and video processing intellectual property, focusing on delivering flexible imaging and multi-standard hardware and software video coding solutions for various markets, including automotive, mobile, consumer, and embedded systems. The company employs a unified processor platform approach, which is licensed to chip manufacturers, enabling customized solutions that cater to specific customer requirements. With expertise in deep camera and video applications, as well as strong system-on-a-chip design and architecture capabilities, Videantis serves a global clientele across diverse applications, such as advanced driver assistance systems, autonomous driving, mobile devices, augmented and virtual reality, the Internet of Things, gesture interfacing, computational photography, in-car infotainment, and over-the-top television. The company's rapid growth has earned it recognition, including the Red Herring Award and multiple Deloitte Technology Fast 50 Awards in Germany.

Cysal

Series A in 2017
Cysal is a biotechnology company founded in 2012 and headquartered in Münster, Germany. It develops, optimizes, and licenses fermentation technologies and processes for biopolymers and low-molecular-weight compounds, including dipeptides. The company focuses on microbial fermentation, its metabolic diversity, and the selection of microbial strains to enable production alternatives to chemical methods. Cysal offers technology development, process optimization, and licensing services, and collaborates with a network of partners and distributors in Germany and internationally to serve clients in research and industry.

PERORA

Series B in 2017
PERORA GmbH is a biotechnology company based in Heidelberg, Germany, that focuses on developing innovative solutions for weight management and obesity treatment. Established in 2013, the company has created a polymer-based fat-binding medical device and has also produced REDIA, a nutritional supplement that is clinically validated for lowering postprandial blood sugar levels in type 2 diabetes patients. REDIA is the first supplement with a health claim approved in the European Union and the United States, and the company holds patents for this product in multiple countries. PERORA is strategically positioning itself to build a subscription-based business model for self-management of chronic age-related metabolic health within Europe, with plans to expand its licensing efforts internationally.

Uptempo

Series A in 2016
BrandMaker GmbH specializes in designing and developing marketing resource management (MRM) and customer engagement software solutions tailored for various industries. The company's offerings encompass project and workflow management, digital asset management, brand management, content marketing, local area marketing, customer engagement, and performance management. Key products include Marketing Planer, Job Manager, Review Manager, Reporting Center, Media Pool, and Sales Enablement Workbench, among others. Founded in 1999 and headquartered in Karlsruhe, Germany, BrandMaker was previously known as pi-consult GmbH until its rebranding in 2009. The company is recognized as a leader in MRM by industry analysts and serves over 300 prominent clients, including Bayer and Daimler, who rely on its solutions to enhance marketing planning and execution across diverse markets in Europe.

Sonnen

Series D in 2016
Sonnen is a developer of solar-based energy storage systems that provides clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Established in 2011, the company launched the Sonnenbatterie, one of the first intelligent lithium storage systems in the German and Austrian markets. Sonnen's products not only focus on energy storage but also include features such as active energy management, smart metering, and integration with virtual power plants. These systems allow users to optimize energy use, save money by utilizing energy generated from solar photovoltaic systems or the grid, and manage their home automation platforms effectively.

Heliatek

Series D in 2016
Heliatek GmbH, founded in 2006 and based in Dresden, Germany, specializes in the development and manufacture of organic photovoltaics (OPV) solutions, particularly HeliaSol and HeliaFilm. These innovative products are designed for integration into various building surfaces, including horizontal, vertical, and curved structures, making them suitable for retrofitting existing buildings as well as for new construction. Heliatek's OPV technology is characterized by its ultra-lightweight and flexible nature, contributing to environmentally friendly energy solutions. The company serves a diverse clientele, including those in the building and construction materials industry, automotive manufacturers, and suppliers, and has established strategic partnerships with firms such as AGC Glass Europe and Reckli China. With approximately 160 employees, Heliatek is at the forefront of advancing organic electronics, utilizing advanced roll-to-roll manufacturing processes in controlled environments to produce its solar films.

CNM Technologies

Series B in 2016
CNM Technologies develops and produces functionalized carbon nanomembranes, used in applications such as membranes, electronics/semiconductor, biotechnology/life sciences, medical sciences, energy/transportation, and nanotechnology. The company's products include support membranes for transmission electron microscopy and individually specified nanomembranes for research. Based in Bielefeld, Germany, CNM Technologies holds a broad patent portfolio and collaborates with prestigious institutions for development.

Greenergetic

Venture Round in 2016
Greenergetic GmbH is a solar power company based in Bielefeld, Germany, founded in 2013. It specializes in providing photovoltaic cells and systems through an online platform, catering to individual customers. The company offers a comprehensive suite of online tools that assist in configuring photovoltaic systems for residential use. Additionally, Greenergetic provides a white-label online portal that empowers energy providers to offer a range of energy-efficient products, including photovoltaic systems, energy storage solutions, heating options, and smart home technologies. As of May 2019, Greenergetic operates as a subsidiary of innogy SE.

PERORA

Series A in 2016
PERORA GmbH is a biotechnology company based in Heidelberg, Germany, that focuses on developing innovative solutions for weight management and obesity treatment. Established in 2013, the company has created a polymer-based fat-binding medical device and has also produced REDIA, a nutritional supplement that is clinically validated for lowering postprandial blood sugar levels in type 2 diabetes patients. REDIA is the first supplement with a health claim approved in the European Union and the United States, and the company holds patents for this product in multiple countries. PERORA is strategically positioning itself to build a subscription-based business model for self-management of chronic age-related metabolic health within Europe, with plans to expand its licensing efforts internationally.

Sonnen

Series C in 2015
Sonnen is a developer of solar-based energy storage systems that provides clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Established in 2011, the company launched the Sonnenbatterie, one of the first intelligent lithium storage systems in the German and Austrian markets. Sonnen's products not only focus on energy storage but also include features such as active energy management, smart metering, and integration with virtual power plants. These systems allow users to optimize energy use, save money by utilizing energy generated from solar photovoltaic systems or the grid, and manage their home automation platforms effectively.

Sonnen

Series B in 2014
Sonnen is a developer of solar-based energy storage systems that provides clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Established in 2011, the company launched the Sonnenbatterie, one of the first intelligent lithium storage systems in the German and Austrian markets. Sonnen's products not only focus on energy storage but also include features such as active energy management, smart metering, and integration with virtual power plants. These systems allow users to optimize energy use, save money by utilizing energy generated from solar photovoltaic systems or the grid, and manage their home automation platforms effectively.

Heliatek

Series C in 2014
Heliatek GmbH, founded in 2006 and based in Dresden, Germany, specializes in the development and manufacture of organic photovoltaics (OPV) solutions, particularly HeliaSol and HeliaFilm. These innovative products are designed for integration into various building surfaces, including horizontal, vertical, and curved structures, making them suitable for retrofitting existing buildings as well as for new construction. Heliatek's OPV technology is characterized by its ultra-lightweight and flexible nature, contributing to environmentally friendly energy solutions. The company serves a diverse clientele, including those in the building and construction materials industry, automotive manufacturers, and suppliers, and has established strategic partnerships with firms such as AGC Glass Europe and Reckli China. With approximately 160 employees, Heliatek is at the forefront of advancing organic electronics, utilizing advanced roll-to-roll manufacturing processes in controlled environments to produce its solar films.

CNM Technologies

Series A in 2014
CNM Technologies develops and produces functionalized carbon nanomembranes, used in applications such as membranes, electronics/semiconductor, biotechnology/life sciences, medical sciences, energy/transportation, and nanotechnology. The company's products include support membranes for transmission electron microscopy and individually specified nanomembranes for research. Based in Bielefeld, Germany, CNM Technologies holds a broad patent portfolio and collaborates with prestigious institutions for development.

Sonnen

Series A in 2013
Sonnen is a developer of solar-based energy storage systems that provides clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Established in 2011, the company launched the Sonnenbatterie, one of the first intelligent lithium storage systems in the German and Austrian markets. Sonnen's products not only focus on energy storage but also include features such as active energy management, smart metering, and integration with virtual power plants. These systems allow users to optimize energy use, save money by utilizing energy generated from solar photovoltaic systems or the grid, and manage their home automation platforms effectively.

Cysal

Seed Round in 2012
Cysal is a biotechnology company founded in 2012 and headquartered in Münster, Germany. It develops, optimizes, and licenses fermentation technologies and processes for biopolymers and low-molecular-weight compounds, including dipeptides. The company focuses on microbial fermentation, its metabolic diversity, and the selection of microbial strains to enable production alternatives to chemical methods. Cysal offers technology development, process optimization, and licensing services, and collaborates with a network of partners and distributors in Germany and internationally to serve clients in research and industry.

Subitec

Series B in 2012
Subitec GmbH, founded in 2000 in Stuttgart, Germany, specializes in the manufacture of microalgae biotechnology cultivation equipment and turn-key production systems. The company offers a range of products, including Flat Panel Airlift Photobioreactors with various cultivation volumes, along with essential components such as lighting systems, media feeds, temperature control, and harvesting solutions. Subitec's systems encompass engineering and construction for outdoor and indoor applications, as well as compact and hybrid systems, catering to diverse markets including nutraceuticals, food and feed, aquaculture, cosmetics, and energy. Originating as a spin-off from the Fraunhofer Institute for Interfacial and Biotechnology, Subitec focuses on enabling clients to produce sustainable bio-products from high-quality microalgae.

Smart Hydro Power

Series A in 2012
Smart Hydro Power GmbH is a company based in Feldafing, Germany, that specializes in the development and manufacture of kinetic micro-hydro power plants. Founded in 2010, it evolved from a group of turbine developers into a provider of comprehensive renewable energy solutions, focusing on decentralized electrification projects. The company offers a range of products, including smart turbines, smart packages, and an intelligent energy management system, designed to meet the needs of remote and off-grid locations. Smart Hydro Power's systems are eco-friendly, fish-friendly, and require minimal infrastructure, making them a viable alternative for rural electrification. By combining simplicity, competitiveness, and completeness in its offerings, the company aims to enhance productivity and improve living standards in underserved communities.

CNM Technologies

Seed Round in 2012
CNM Technologies develops and produces functionalized carbon nanomembranes, used in applications such as membranes, electronics/semiconductor, biotechnology/life sciences, medical sciences, energy/transportation, and nanotechnology. The company's products include support membranes for transmission electron microscopy and individually specified nanomembranes for research. Based in Bielefeld, Germany, CNM Technologies holds a broad patent portfolio and collaborates with prestigious institutions for development.

Feranova

Series A in 2011
Feranova is a manufacturer and service provider in the solar industry, specializing in photovoltaic (PV) and concentrated solar power (CSP) projects. The company manages the entire project lifecycle, from planning to implementation, in-house. It has developed an innovative CSP-aluminium mirror and is now concentrating on the planning and commercialization of solar thermal equipment both in Germany and internationally. Additionally, Feranova builds turn-key solar thermal facilities for thermal solar power plants. By offering products such as sandwich mirrors, CSP collectors, and PV modules, Feranova aims to provide solutions for both private and industrial clients, contributing to environmentally sustainable practices and the preservation of nature.

Heliatek

Series B in 2009
Heliatek GmbH, founded in 2006 and based in Dresden, Germany, specializes in the development and manufacture of organic photovoltaics (OPV) solutions, particularly HeliaSol and HeliaFilm. These innovative products are designed for integration into various building surfaces, including horizontal, vertical, and curved structures, making them suitable for retrofitting existing buildings as well as for new construction. Heliatek's OPV technology is characterized by its ultra-lightweight and flexible nature, contributing to environmentally friendly energy solutions. The company serves a diverse clientele, including those in the building and construction materials industry, automotive manufacturers, and suppliers, and has established strategic partnerships with firms such as AGC Glass Europe and Reckli China. With approximately 160 employees, Heliatek is at the forefront of advancing organic electronics, utilizing advanced roll-to-roll manufacturing processes in controlled environments to produce its solar films.

4JET

Venture Round in 2008
Founded in 2006, 4JET specializes in manufacturing laser systems for industrial surface treatment. It is renowned as the leading provider of laser systems for edge deletion in thin-film solar cells and tire labeling. The company also offers pulsed CO2 lasers for various industrial cleaning tasks. Since 2007, it has collaborated with Mitsubishi International GmbH for global sales.

DIVOLUTION

Venture Round in 2008
DIVOLUTION is a German company that offers testing and targeting technology.

Lumics

Series B in 2005
Lumics GmbH is a specialized manufacturer of semiconductor diode lasers based in Berlin, Germany. Founded in 2000, the company designs and produces a range of laser products, including singlemode and multimode diode lasers, laser modules, and associated components such as sensors and drivers. Its offerings cover wavelengths from 750 nm to 1960 nm, catering to various applications in medical and life sciences, material processing, telecommunications, and industrial uses. Lumics is recognized for its development of laser devices in standard packages, as well as compact fiber-coupled laser modules with output powers reaching up to 900 W. Operating as a subsidiary of Scansonic Ipt GmbH, Lumics continues to innovate in the field of laser technology.
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