HV Capital

HV Capital is a Munich- and Berlin-based venture capital firm that supports founders in developing their internet companies. Since 2000 HV Capital, formerly HV Holtzbrinck Ventures, has invested in Internet and technology companies through various generations of funds and is one of the most successful and financially strongest early-stage and growth investors in Europe. HV Capital has already invested in around 200 companies, including Zalando, Delivery Hero, FlixMobility and SumUp. The total of all HV Funds amounts to €1.7 billion. The company supports startups with capital between €500,000 and €50 million. This makes HV Capital one of the few venture capitalists in Europe that can finance startups through all growth phases.

Sven Achter

Risk Management

Rainer Maerkle

General Partner

Past deals in Western Europe

Depop

Series C in 2019
Depop Limited operates a mobile application that facilitates the buying, selling, and discovery of various items, primarily focusing on fashion. Founded in 2011 and headquartered in London, the company has expanded its presence with locations in Manchester, New York, Los Angeles, and Australia. With over 21 million registered users across 147 countries, Depop has established itself as a significant player in the online marketplace, particularly among younger consumers. Notably, it has recently ranked among the top 25 shopping apps by daily active users in Europe.

Depop

Series B in 2018
Depop Limited operates a mobile application that facilitates the buying, selling, and discovery of various items, primarily focusing on fashion. Founded in 2011 and headquartered in London, the company has expanded its presence with locations in Manchester, New York, Los Angeles, and Australia. With over 21 million registered users across 147 countries, Depop has established itself as a significant player in the online marketplace, particularly among younger consumers. Notably, it has recently ranked among the top 25 shopping apps by daily active users in Europe.

Depop

Series A in 2016
Depop Limited operates a mobile application that facilitates the buying, selling, and discovery of various items, primarily focusing on fashion. Founded in 2011 and headquartered in London, the company has expanded its presence with locations in Manchester, New York, Los Angeles, and Australia. With over 21 million registered users across 147 countries, Depop has established itself as a significant player in the online marketplace, particularly among younger consumers. Notably, it has recently ranked among the top 25 shopping apps by daily active users in Europe.

EatFirst UK Limited

Series A in 2015
EatFirst UK Limited is a food delivery company based in London, incorporated in 2014. It specializes in preparing and delivering healthy, high-quality meals to busy professionals in London and Berlin. The company offers a daily menu accessible through its iOS application, allowing users to conveniently order lunch and dinner. Meals are crafted by a Michelin-experienced chef and are designed to be delivered in under 15 minutes. EatFirst UK Limited serves various areas in London, including East Central, East London, The City of London, and Canary Wharf, focusing on providing quick and nutritious dining options for its customers.

Depop

Series A in 2015
Depop Limited operates a mobile application that facilitates the buying, selling, and discovery of various items, primarily focusing on fashion. Founded in 2011 and headquartered in London, the company has expanded its presence with locations in Manchester, New York, Los Angeles, and Australia. With over 21 million registered users across 147 countries, Depop has established itself as a significant player in the online marketplace, particularly among younger consumers. Notably, it has recently ranked among the top 25 shopping apps by daily active users in Europe.

Delivery Hero

Series D in 2013
Delivery Hero is a worldwide network of online food ordering sites, operating in 21 countries and with over 73,000 restaurant partners. Delivery Hero operates in Germany, UK, Austria, South Korea, Sweden, Finland, Poland, Australia, Switzerland, China, India, Colombia, Mexico, Argentina, Chile, Uruguay, Brazil, Peru, Venezuela, Panama, and Puerto Rico. The Group has more than 1000 employees globally, with 400 working from its Berlin Headquarters. Delivery Hero has received $523 million in investment in 2014 alone with investors including Insight Venture Partners, Luxor Capital Group, Kite Ventures, Team Europe, ru-Net, Tengelmann Ventures, Point Nine Capital, Vostok Nafta, and Phenomen Ventures.

Depop

Seed Round in 2012
Depop Limited operates a mobile application that facilitates the buying, selling, and discovery of various items, primarily focusing on fashion. Founded in 2011 and headquartered in London, the company has expanded its presence with locations in Manchester, New York, Los Angeles, and Australia. With over 21 million registered users across 147 countries, Depop has established itself as a significant player in the online marketplace, particularly among younger consumers. Notably, it has recently ranked among the top 25 shopping apps by daily active users in Europe.

Fashion For Home

Venture Round in 2012
Fashion For Home is a furniture shop that operates both online and offline, serving Germany, Austria, and the Netherlands. It also offers international shipping to businesses and designers outside these three countries. Fashion For Home was founded in 2009 and is headquartered in Berlin, Germany with showrooms in Berlin, Hamburg, Munich,Frankfurt am Main, Düsseldorf, and Vienna.

Westwing

Private Equity Round in 2012
Westwing GmbH is an e-commerce company specializing in home furniture and accessories. Founded in 2011 and headquartered in Munich, Germany, it operates a shoppable magazine and an online shopping club. The company offers a wide range of products, including textiles, rugs, furniture, home decor, lighting, and kitchen items, available under its own brands as well as third-party labels. Westwing serves customers across 11 European countries, including Germany, Austria, Switzerland, and France, focusing on various room ideas and styles for different living spaces. As a subsidiary of Westwing Group AG, the company emphasizes both quality and aesthetic appeal in its offerings.

Delivery Hero

Series C in 2012
Delivery Hero is a worldwide network of online food ordering sites, operating in 21 countries and with over 73,000 restaurant partners. Delivery Hero operates in Germany, UK, Austria, South Korea, Sweden, Finland, Poland, Australia, Switzerland, China, India, Colombia, Mexico, Argentina, Chile, Uruguay, Brazil, Peru, Venezuela, Panama, and Puerto Rico. The Group has more than 1000 employees globally, with 400 working from its Berlin Headquarters. Delivery Hero has received $523 million in investment in 2014 alone with investors including Insight Venture Partners, Luxor Capital Group, Kite Ventures, Team Europe, ru-Net, Tengelmann Ventures, Point Nine Capital, Vostok Nafta, and Phenomen Ventures.

Experteer

Series C in 2011
Experteer is an online career and recruitment marketplace based in Munich, Germany, that specializes in high-end job opportunities across Europe. Founded in 2005, the platform caters to experienced executives by offering access to over 80,000 job listings and a discreet network of more than 8,000 recruiters and 10,000 headhunters. It provides users with insights into the headhunting industry and features a dedicated team of recruitment professionals who assist candidates in navigating their career paths. Experteer also offers recruitment solutions for companies and agencies, connecting them with over 5 million senior-level professionals. The job opportunities listed are carefully selected and classified by independent analysts who apply salary benchmarks to ensure accurate market representation. Through its services, Experteer enables users to tap into the confidential hidden job market while providing valuable resources for career management.

Experteer

Series B in 2010
Experteer is an online career and recruitment marketplace based in Munich, Germany, that specializes in high-end job opportunities across Europe. Founded in 2005, the platform caters to experienced executives by offering access to over 80,000 job listings and a discreet network of more than 8,000 recruiters and 10,000 headhunters. It provides users with insights into the headhunting industry and features a dedicated team of recruitment professionals who assist candidates in navigating their career paths. Experteer also offers recruitment solutions for companies and agencies, connecting them with over 5 million senior-level professionals. The job opportunities listed are carefully selected and classified by independent analysts who apply salary benchmarks to ensure accurate market representation. Through its services, Experteer enables users to tap into the confidential hidden job market while providing valuable resources for career management.

Deutsche Startups

Venture Round in 2007
Deutsche Startups supplies information and news on the German internet startup scene on a daily basis. It offers interviews, portraits of individual startups and founders, and market census data on various segments. deutsche-startups.com’s startup navigator is a travel guide that offers insider tips related to the four most important German cities for new businesses: Berlin, Hamburg, Cologne, and Munich. The tips concentrate on points of interest for internet entrepreneurs. Deutsche Startups is operated from Berlin, Germany.

StudiVZ

Series A in 2006
StudiVZ is a social media network specifically designed for college students in Germany, launched in 2005. The platform allows users to create personal profiles, share photos, exchange movies, and engage in group discussions, facilitating connections and communication among students. By providing these features, StudiVZ aims to enhance social interaction and community building within the academic environment.

Experteer

Seed Round in 2005
Experteer is an online career and recruitment marketplace based in Munich, Germany, that specializes in high-end job opportunities across Europe. Founded in 2005, the platform caters to experienced executives by offering access to over 80,000 job listings and a discreet network of more than 8,000 recruiters and 10,000 headhunters. It provides users with insights into the headhunting industry and features a dedicated team of recruitment professionals who assist candidates in navigating their career paths. Experteer also offers recruitment solutions for companies and agencies, connecting them with over 5 million senior-level professionals. The job opportunities listed are carefully selected and classified by independent analysts who apply salary benchmarks to ensure accurate market representation. Through its services, Experteer enables users to tap into the confidential hidden job market while providing valuable resources for career management.

Bol.com

Venture Round in 2003
Bol.com is an online retailer involved in providing books, entertainment, electronic devices, and toys for its clients. It has over 4 million active customers in the Netherlands and Belgium. Visitors of the online department store have access to over 6 million products with just one mouse click, including new and second hand Dutch and international books, music, DVDs and games, notebooks, software, PC accessories, electronics, mobile phones, LCD and plasma televisions, a large selection of electronic domestic appliances, toys, baby, beauty and health products, everything for cooking and dining, home, garden and pets, furniture and homeware, and e-readers with tens of thousands of e-books and a photo album service. Market research shows that Bol.com is one of the most popular stores for Dutch-speaking customers in the Netherlands and Belgium. Bol.com was launched in 1999 and is based in Nieuwegein-zuid.