HV Capital

HV Capital is a venture capital firm based in Munich and Berlin, established in 2000. Formerly known as HV Holtzbrinck Ventures, the firm is recognized as one of Europe's leading early-stage and growth investors, specializing in internet and technology sectors. With a total fund size of €1.7 billion, HV Capital has invested in approximately 200 companies, including notable names like Zalando, Delivery Hero, FlixMobility, and SumUp. The firm supports startups with capital ranging from €500,000 to €50 million, enabling it to finance companies across all growth phases. HV Capital focuses on various industries, including fintech, e-commerce, healthcare, mobility, and education, reflecting its commitment to fostering innovation in diverse sectors.

Sven Achter

Founding Partner

Lina Chong

Partner

Jannis Fett

Principal

David Fischer

Principal

Fabian Gruner

Senior Principal

Said Haschemi

Investor

Alexander Joel-Carbonell

Partner

Christoph Jung

General Partner

David Kuczek

General Partner

Lars Langusch

Founding Partner

Rainer Maerkle

General Partner

Jan Miczaika

Partner

Barbod Namini

Partner

Christian Saller Ph.D

General Partner

Zuzanna Czapinska

Investment Manager

Past deals in Shopping

Delli

Seed Round in 2024
Delli is a food ordering and delivery application designed to make food accessible and enjoyable for everyone. The platform allows users to buy and sell food and beverages, enabling buyers to discover exciting products while supporting independent producers. By providing a space for makers to share their offerings, Delli fosters a community that connects local shops, chefs, restaurants, and consumers with a diverse selection of items from passionate, independent food and drink creators. Through its online application, Delli promotes a vibrant marketplace that values quality and creativity in the culinary world.

Fleek

Venture Round in 2023
Fleek operates a B2B wholesale marketplace focused on second-hand fashion, connecting vintage stores and online resellers with a global network of suppliers, including used clothing wholesalers, rag-houses, and donation centers. The platform facilitates a private buying experience, allowing buyers to inspect products, ask questions directly to wholesalers, and search for items based on specific criteria such as product category, price, and location. By streamlining the connection between retailers and suppliers, Fleek aims to enhance the sourcing process for second-hand fashion, catering to the growing demand for sustainable clothing options.

JOKR

Series C in 2023
JOKR is a hyper-local delivery platform specializing in instant retail services for grocery and convenience products. It aims to enhance the shopping experience by providing fast and personalized delivery, typically within minutes or at scheduled times, thus saving customers valuable time. By utilizing a network of micro fulfillment centers, JOKR delivers a diverse range of both global and local products, while also emphasizing sustainability by minimizing food waste and supporting small businesses. The company operates in key Brazilian cities such as Rio de Janeiro and São Paulo under the brand "DAKI." JOKR's commitment to a more relevant shopping experience and its innovative approach have positioned it as a significant player in the last-mile delivery market.

Instant

Seed Round in 2022
At Instant we’re on a mission to empower eCommerce merchants with insanely great products that help them grow faster for less.

Delli

Venture Round in 2022
Delli is a food ordering and delivery application designed to make food accessible and enjoyable for everyone. The platform allows users to buy and sell food and beverages, enabling buyers to discover exciting products while supporting independent producers. By providing a space for makers to share their offerings, Delli fosters a community that connects local shops, chefs, restaurants, and consumers with a diverse selection of items from passionate, independent food and drink creators. Through its online application, Delli promotes a vibrant marketplace that values quality and creativity in the culinary world.

Delli

Seed Round in 2021
Delli is a food ordering and delivery application designed to make food accessible and enjoyable for everyone. The platform allows users to buy and sell food and beverages, enabling buyers to discover exciting products while supporting independent producers. By providing a space for makers to share their offerings, Delli fosters a community that connects local shops, chefs, restaurants, and consumers with a diverse selection of items from passionate, independent food and drink creators. Through its online application, Delli promotes a vibrant marketplace that values quality and creativity in the culinary world.

JOKR

Series B in 2021
JOKR is a hyper-local delivery platform specializing in instant retail services for grocery and convenience products. It aims to enhance the shopping experience by providing fast and personalized delivery, typically within minutes or at scheduled times, thus saving customers valuable time. By utilizing a network of micro fulfillment centers, JOKR delivers a diverse range of both global and local products, while also emphasizing sustainability by minimizing food waste and supporting small businesses. The company operates in key Brazilian cities such as Rio de Janeiro and São Paulo under the brand "DAKI." JOKR's commitment to a more relevant shopping experience and its innovative approach have positioned it as a significant player in the last-mile delivery market.

JOKR

Series A in 2021
JOKR is a hyper-local delivery platform specializing in instant retail services for grocery and convenience products. It aims to enhance the shopping experience by providing fast and personalized delivery, typically within minutes or at scheduled times, thus saving customers valuable time. By utilizing a network of micro fulfillment centers, JOKR delivers a diverse range of both global and local products, while also emphasizing sustainability by minimizing food waste and supporting small businesses. The company operates in key Brazilian cities such as Rio de Janeiro and São Paulo under the brand "DAKI." JOKR's commitment to a more relevant shopping experience and its innovative approach have positioned it as a significant player in the last-mile delivery market.

Atolls

Venture Round in 2020
Global Savings Group GmbH, based in Munich, Germany, is a prominent shopping rewards company in Europe, founded in 2012. The company operates savings platforms that enable consumers to shop more efficiently by providing access to exclusive deals across various sectors, including fashion, electronics, beauty, and wellness. With a robust portfolio of consumer engagement platforms, GSG assists over 350 million shoppers annually in making informed purchasing decisions. The company employs a team of over 500 professionals and utilizes an advanced technology stack to facilitate more than 2 million transactions each month. By fostering partnerships with leading publishers, Global Savings Group enhances customer loyalty and engagement for major advertising brands, while also allowing publishers to monetize their content through product recommendations and discounts.

Atolls

Series D in 2020
Global Savings Group GmbH, based in Munich, Germany, is a prominent shopping rewards company in Europe, founded in 2012. The company operates savings platforms that enable consumers to shop more efficiently by providing access to exclusive deals across various sectors, including fashion, electronics, beauty, and wellness. With a robust portfolio of consumer engagement platforms, GSG assists over 350 million shoppers annually in making informed purchasing decisions. The company employs a team of over 500 professionals and utilizes an advanced technology stack to facilitate more than 2 million transactions each month. By fostering partnerships with leading publishers, Global Savings Group enhances customer loyalty and engagement for major advertising brands, while also allowing publishers to monetize their content through product recommendations and discounts.

Atolls

Series C in 2017
Global Savings Group GmbH, based in Munich, Germany, is a prominent shopping rewards company in Europe, founded in 2012. The company operates savings platforms that enable consumers to shop more efficiently by providing access to exclusive deals across various sectors, including fashion, electronics, beauty, and wellness. With a robust portfolio of consumer engagement platforms, GSG assists over 350 million shoppers annually in making informed purchasing decisions. The company employs a team of over 500 professionals and utilizes an advanced technology stack to facilitate more than 2 million transactions each month. By fostering partnerships with leading publishers, Global Savings Group enhances customer loyalty and engagement for major advertising brands, while also allowing publishers to monetize their content through product recommendations and discounts.

Linio

Private Equity Round in 2016
Linio is an e-commerce company based in Mexico City, Mexico, established in 2012. It operates an online marketplace that offers a diverse range of consumer goods, including home appliances, electronics, technology products, fashion, sporting goods, toys, books, and personal care items. The company serves several rapidly growing markets in Latin America, including Mexico, Colombia, Peru, and Venezuela. Linio focuses on providing consumers with a wide selection of products at competitive prices, often featuring attractive deals and discounts. As of August 2018, Linio functions as a subsidiary of Falabella S.A.

LYKE

Series A in 2016
LYKE, established in 2015 and headquartered in Jakarta Selatan, Indonesia, operates a web portal and mobile application focused on fashion and shopping. The company employs visual recognition and artificial intelligence technologies to facilitate fashion discoveries for users within its platform. Users can follow trends, browse products, and make purchases using various payment methods, including cash on delivery.

Home24

Venture Round in 2016
Home24 SE is a prominent retailer specializing in the marketing, sale, and distribution of a wide range of furniture and home furnishings. Founded in 2009 by Christoph Cordes, Felix Jahn, Marc Appelhoff, and Philipp Kreibohm, the company offers a diverse selection of products, including large furniture items such as sofas, tables, and beds, as well as smaller items like lighting, decorations, and storage solutions. Home24 operates under various brand names, including Home24, Mobly, and Ars Manufacti. The company serves customers through a combination of seven showrooms located in Germany and Austria, alongside its robust online platform, which is accessible via websites and mobile applications. Home24 has a significant presence in several European countries, including France, Italy, and the Netherlands, and it also operates in Brazil, with the majority of its revenue generated from its European segment. The company's headquarters is located in Berlin, Germany.

Atolls

Series B in 2015
Global Savings Group GmbH, based in Munich, Germany, is a prominent shopping rewards company in Europe, founded in 2012. The company operates savings platforms that enable consumers to shop more efficiently by providing access to exclusive deals across various sectors, including fashion, electronics, beauty, and wellness. With a robust portfolio of consumer engagement platforms, GSG assists over 350 million shoppers annually in making informed purchasing decisions. The company employs a team of over 500 professionals and utilizes an advanced technology stack to facilitate more than 2 million transactions each month. By fostering partnerships with leading publishers, Global Savings Group enhances customer loyalty and engagement for major advertising brands, while also allowing publishers to monetize their content through product recommendations and discounts.

Locafox

Series A in 2015
Locafox GmbH operates an online platform that offers detailed information about local retail stores, including product location, availability, and pricing. Founded in 2013 and based in Berlin, Germany, the company enhances the offline shopping experience by enabling consumers to make informed purchasing decisions. Locafox provides various services such as local product inventory information, the ability to reserve or buy products online for in-store pickup, and same-day delivery options. This platform aims to assist consumers in finding products in nearby stores while helping local businesses digitize their offerings to thrive in a competitive market. As of October 2020, Locafox operates as a subsidiary of Anker Kassensysteme GmbH.

Atolls

Series A in 2014
Global Savings Group GmbH, based in Munich, Germany, is a prominent shopping rewards company in Europe, founded in 2012. The company operates savings platforms that enable consumers to shop more efficiently by providing access to exclusive deals across various sectors, including fashion, electronics, beauty, and wellness. With a robust portfolio of consumer engagement platforms, GSG assists over 350 million shoppers annually in making informed purchasing decisions. The company employs a team of over 500 professionals and utilizes an advanced technology stack to facilitate more than 2 million transactions each month. By fostering partnerships with leading publishers, Global Savings Group enhances customer loyalty and engagement for major advertising brands, while also allowing publishers to monetize their content through product recommendations and discounts.

Locafox

Venture Round in 2014
Locafox GmbH operates an online platform that offers detailed information about local retail stores, including product location, availability, and pricing. Founded in 2013 and based in Berlin, Germany, the company enhances the offline shopping experience by enabling consumers to make informed purchasing decisions. Locafox provides various services such as local product inventory information, the ability to reserve or buy products online for in-store pickup, and same-day delivery options. This platform aims to assist consumers in finding products in nearby stores while helping local businesses digitize their offerings to thrive in a competitive market. As of October 2020, Locafox operates as a subsidiary of Anker Kassensysteme GmbH.

OnlineTours

Venture Round in 2014
OnlineTours is a Russian online travel agency specializing in the sale of packaged tourist tours through its website. The company operates a digital platform designed to help users plan their holiday vacations by providing a user-friendly search system for various destinations. OnlineTours facilitates the entire process of searching, booking, and paying for tours, allowing clients to easily select their ideal vacation options. By offering a comprehensive range of services, the company aims to enhance the travel planning experience for its customers.

HelloFresh

Series C in 2013
HelloFresh is a food subscription company that delivers personalized meal boxes containing pre-portioned ingredients to customers' doorsteps each week. The company focuses on providing quick and healthy meal solutions designed by nutritionists and chefs, allowing households to enjoy wholesome home-cooked meals without the need for planning or shopping. Operating in multiple international markets, including Europe, Japan, Australia, and North America, HelloFresh aims to revolutionize the way consumers shop for food and prepare meals by simplifying the cooking process. Its subscription model promotes convenience and addresses the desire for high-quality, ecological foods. By fundamentally changing the traditional food supply chain, HelloFresh is positioned at the forefront of the online food delivery trend.

Locafox

Seed Round in 2013
Locafox GmbH operates an online platform that offers detailed information about local retail stores, including product location, availability, and pricing. Founded in 2013 and based in Berlin, Germany, the company enhances the offline shopping experience by enabling consumers to make informed purchasing decisions. Locafox provides various services such as local product inventory information, the ability to reserve or buy products online for in-store pickup, and same-day delivery options. This platform aims to assist consumers in finding products in nearby stores while helping local businesses digitize their offerings to thrive in a competitive market. As of October 2020, Locafox operates as a subsidiary of Anker Kassensysteme GmbH.

Atolls

Seed Round in 2013
Global Savings Group GmbH, based in Munich, Germany, is a prominent shopping rewards company in Europe, founded in 2012. The company operates savings platforms that enable consumers to shop more efficiently by providing access to exclusive deals across various sectors, including fashion, electronics, beauty, and wellness. With a robust portfolio of consumer engagement platforms, GSG assists over 350 million shoppers annually in making informed purchasing decisions. The company employs a team of over 500 professionals and utilizes an advanced technology stack to facilitate more than 2 million transactions each month. By fostering partnerships with leading publishers, Global Savings Group enhances customer loyalty and engagement for major advertising brands, while also allowing publishers to monetize their content through product recommendations and discounts.

HelloFresh

Series B in 2012
HelloFresh is a food subscription company that delivers personalized meal boxes containing pre-portioned ingredients to customers' doorsteps each week. The company focuses on providing quick and healthy meal solutions designed by nutritionists and chefs, allowing households to enjoy wholesome home-cooked meals without the need for planning or shopping. Operating in multiple international markets, including Europe, Japan, Australia, and North America, HelloFresh aims to revolutionize the way consumers shop for food and prepare meals by simplifying the cooking process. Its subscription model promotes convenience and addresses the desire for high-quality, ecological foods. By fundamentally changing the traditional food supply chain, HelloFresh is positioned at the forefront of the online food delivery trend.

21Diamonds

Series C in 2012
21Diamonds.in is an online jewelry shopping store that offers top quality diamond, gold and silver jewelry and accessories with conspicuously matchless designs. With its affordable prices and unique jewelry shopping experience, 21Diamonds is a one stop destination for making all your jewelry buying dreams come true.

BerryAvenue

Venture Round in 2012
BerryAvenue is an operator of an online shopping club that offers a unique platform for consumers to engage with celebrity endorsements. The company provides an online shopping experience where celebrities share shopping tips and recommend a variety of products, allowing customers to purchase these items directly through its website. By combining celebrity influence with e-commerce, BerryAvenue creates an innovative shopping environment that enhances consumer decision-making and promotes product sales.

Linio

Series A in 2012
Linio is an e-commerce company based in Mexico City, Mexico, established in 2012. It operates an online marketplace that offers a diverse range of consumer goods, including home appliances, electronics, technology products, fashion, sporting goods, toys, books, and personal care items. The company serves several rapidly growing markets in Latin America, including Mexico, Colombia, Peru, and Venezuela. Linio focuses on providing consumers with a wide selection of products at competitive prices, often featuring attractive deals and discounts. As of August 2018, Linio functions as a subsidiary of Falabella S.A.

Home24

Venture Round in 2012
Home24 SE is a prominent retailer specializing in the marketing, sale, and distribution of a wide range of furniture and home furnishings. Founded in 2009 by Christoph Cordes, Felix Jahn, Marc Appelhoff, and Philipp Kreibohm, the company offers a diverse selection of products, including large furniture items such as sofas, tables, and beds, as well as smaller items like lighting, decorations, and storage solutions. Home24 operates under various brand names, including Home24, Mobly, and Ars Manufacti. The company serves customers through a combination of seven showrooms located in Germany and Austria, alongside its robust online platform, which is accessible via websites and mobile applications. Home24 has a significant presence in several European countries, including France, Italy, and the Netherlands, and it also operates in Brazil, with the majority of its revenue generated from its European segment. The company's headquarters is located in Berlin, Germany.

Dafiti

Venture Round in 2012
Dafiti is an e-commerce platform based in São Paulo, Brazil, specializing in footwear, fashion, and lifestyle products for both men and women. Established in 2010, the website features an extensive catalog that includes over 100,000 items from more than 1,000 national and international brands. Dafiti's online store offers a wide range of products, including apparel, shoes, accessories, and beauty items, allowing customers to shop conveniently from any device with quick delivery options. The company is supported by prominent investors, including the Rocket Internet group, JP Morgan, and the World Bank, reinforcing its position in the competitive online retail market.

21Diamonds

Venture Round in 2011
21Diamonds.in is an online jewelry shopping store that offers top quality diamond, gold and silver jewelry and accessories with conspicuously matchless designs. With its affordable prices and unique jewelry shopping experience, 21Diamonds is a one stop destination for making all your jewelry buying dreams come true.

Dafiti

Series A in 2011
Dafiti is an e-commerce platform based in São Paulo, Brazil, specializing in footwear, fashion, and lifestyle products for both men and women. Established in 2010, the website features an extensive catalog that includes over 100,000 items from more than 1,000 national and international brands. Dafiti's online store offers a wide range of products, including apparel, shoes, accessories, and beauty items, allowing customers to shop conveniently from any device with quick delivery options. The company is supported by prominent investors, including the Rocket Internet group, JP Morgan, and the World Bank, reinforcing its position in the competitive online retail market.

Jabong.com

Seed Round in 2010
Jabong.com is the best Online shopping Portal in India for men, women & kids for shoes, clothing, watches, sunglasses. Jabong was once thought to own one-quarter of India’s fashion e-commerce market, making it the chief threat to Myntra.

Lamoda

Seed Round in 2010
Lamoda is the leading online retailer in Russia and the CIS, providing a wide selection of over 1,000,000 products from 900 international brands, including apparel, shoes, accessories, and beauty products. Established in 2011 by founders Dominik Picker, Florian Jansen, Burkhard Binder, and Niels Tonsen, Lamoda emphasizes customer experience by offering free shipping, a try-on service, and a generous return policy that allows customers to return items free of charge within 365 days. The company also operates Lamoda Express, its express delivery network, facilitating next-day delivery to more than twenty-five cities across Russia and Kazakhstan.

Namshi

Seed Round in 2010
Namshi General Trading L.L.C is a prominent online retailer based in Dubai, United Arab Emirates, specializing in men's, women's, and children's apparel, footwear, accessories, and home and lifestyle products. Established in 2011, the company serves customers across the Gulf Cooperation Council (GCC) countries, including Saudi Arabia, Bahrain, Kuwait, Oman, and Qatar. Namshi features a diverse selection of over 550 brands, including well-known international labels such as Lacoste, Nike, and Emporio Armani, and acts as an exclusive distributor for various brands seeking to enter the Middle Eastern market. The platform emphasizes customer convenience with services like free delivery across the GCC, a 14-day return policy, and cash-on-delivery options, aiming to foster lasting relationships with its clientele. As of August 2017, Namshi operates as a subsidiary of Emaar Malls PJSC.

Zalando

Series A in 2010
Zalando is a leading European online fashion platform based in Berlin, founded in 2008. It offers a wide assortment of clothing, footwear, accessories, and beauty products, featuring over 7,000 brands and catering to nearly 50 million active customers across 25 markets. The company has established a significant presence in the DACH region, which includes Germany, Austria, and Switzerland, accounting for a substantial portion of its revenue. Zalando aims to provide an exceptional online shopping experience by continuously enhancing its technology, logistics, and marketing strategies. Its logistics network includes 13 fulfillment centers strategically located to efficiently serve local customer needs. As Europe's largest pure-play online fashion retailer, Zalando strives to be the go-to destination for fashion inspiration, innovation, and interaction.

Groupon

Series C in 2010
Groupon, Inc. operates as an online local commerce marketplace that connects consumers with merchants by offering discounts on a wide array of goods and services both in North America and internationally. The company features deals across various categories, including events, health and wellness, food, home goods, automotive services, and travel packages, among others. Groupon enables consumers to access and redeem these offers through its website, mobile applications, emails, and advertising channels. It serves as an intermediary, facilitating transactions between consumers and merchants, earning revenue through commissions on sales and digital coupon redemptions. Founded in 2008 and headquartered in Chicago, Groupon offers a diverse marketplace aimed at enhancing consumer experiences while assisting local businesses in reaching their target audience.

Citydeal.de

Venture Round in 2010
CityDeal is a German based daily deal site which offers discounted deals to consumers on a daily basis based on city. If enough consumers sign up then the deal is on.

Home24

Seed Round in 2009
Home24 SE is a prominent retailer specializing in the marketing, sale, and distribution of a wide range of furniture and home furnishings. Founded in 2009 by Christoph Cordes, Felix Jahn, Marc Appelhoff, and Philipp Kreibohm, the company offers a diverse selection of products, including large furniture items such as sofas, tables, and beds, as well as smaller items like lighting, decorations, and storage solutions. Home24 operates under various brand names, including Home24, Mobly, and Ars Manufacti. The company serves customers through a combination of seven showrooms located in Germany and Austria, alongside its robust online platform, which is accessible via websites and mobile applications. Home24 has a significant presence in several European countries, including France, Italy, and the Netherlands, and it also operates in Brazil, with the majority of its revenue generated from its European segment. The company's headquarters is located in Berlin, Germany.

7trends

Series B in 2009
7trends is an online shop that cares primarily about the heart's desire of a woman.

7trends

Series A in 2009
7trends is an online shop that cares primarily about the heart's desire of a woman.

Restaurant-Kritik

Seed Round in 2008
Yelp is an online platform that provides its users with reviews on culinary experiences. The platform enables its users to upload and share their culinary experiences based on their location with others. Furthermore, they can view to reviews posted by others and provide ratings. They are able to provide reviews on restaurants, shopping, nightlife, sport, beauty, and cars. Yelp was launched in 2002 and is based in Hamburg.

Zalando

Seed Round in 2008
Zalando is a leading European online fashion platform based in Berlin, founded in 2008. It offers a wide assortment of clothing, footwear, accessories, and beauty products, featuring over 7,000 brands and catering to nearly 50 million active customers across 25 markets. The company has established a significant presence in the DACH region, which includes Germany, Austria, and Switzerland, accounting for a substantial portion of its revenue. Zalando aims to provide an exceptional online shopping experience by continuously enhancing its technology, logistics, and marketing strategies. Its logistics network includes 13 fulfillment centers strategically located to efficiently serve local customer needs. As Europe's largest pure-play online fashion retailer, Zalando strives to be the go-to destination for fashion inspiration, innovation, and interaction.

Enamora

Series A in 2008
Enamora operates an online retail platform specializing in lingerie, underwear, and swimwear. The company offers a diverse selection of products for both women and men, encompassing lingerie, undergarments, and loungewear. By focusing on an extensive range of multi-brand offerings, Enamora aims to cater to various customer preferences and needs in intimate apparel.

DaWanda

Venture Round in 2007
DaWanda GmbH is an online marketplace based in Berlin, Germany, specializing in unique and handmade products. Founded in December 2006, the platform connects professional artisans, artists, and designers with consumers seeking distinctive items. DaWanda's extensive product range includes clothing, footwear, accessories, jewelry, furniture, toys, and homeware, allowing users to search by category, price, discount, and other preferences. The site also offers a dedicated section for gift ideas tailored to different recipients and occasions. Additionally, DaWanda provides DIY tutorials, enriching the shopping experience for customers interested in creativity and craftsmanship. The marketplace caters to a diverse clientele with a focus on handmade goods, promoting individual expression and sustainable fashion.

bol.com

Venture Round in 2003
Bol.com is a prominent online retailer based in Nieuwegein-zuid, specializing in a wide range of products, including books, entertainment, electronics, and toys. Established in 1999, the company serves over 4 million active customers in the Netherlands and Belgium. Bol.com offers an extensive selection of over 6 million products, encompassing new and second-hand books, music, DVDs, games, electronic devices, and home goods. Its diverse inventory includes items for cooking, dining, health, beauty, and pet care, as well as furniture and e-readers with thousands of e-books available. Bol.com has gained recognition as one of the most popular online shopping destinations for Dutch-speaking consumers in its operating regions.
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