The 30 German funds who ❤️ and SaaS12 min read

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German businesses undoubtedly have great conditions for funding in recent years. Venture capital companies in the country have doubled their investments in the first half of last year, reaching €2.16B that have been injected in German startups.

These positive trends are steadily turning Germany in one of the main contenders for star tech hub status in Europe. The nurturing startup ecosystem is giving rise to numerous new SaaS companies as well, which benefit from the rich options for venture capital funding that are being fostered in the country. Following is a list of 30 powerful funders who support the Saas space in the country.

Join is for a thrilling German-focused SaaStock on Tour in Berlin on June 7th. Grab your early bird tickets before May 8th!

1. Acton Capital Partners

For Acton Capital Partners, internet startups with innovative potential are all that matters. The late-stage VC company has been around since 1999. For this time, it has backed more than 65 businesses. It makes its assessment on the basis of growth potential. Acton supports its portfolio companies with its rich investment experience and knowhow.

City: Munich
Founded: 1999
Size of fund: €520M
Stage: Early Stage Venture, Late Stage Venture, Seed, Venture
SaaS Investments: Mambu, and others

2. Capnamic Ventures

Capnamic Ventures is a prominent VC in the German-speaking region, operating in Germany, Austria, and Switzerland. It makes investments in B2B, digital infrastructure, and digital transformation solutions. Its initial funding ranges from €0.5 million to €3 million. Capnamic Ventures support their portfolio companies in a variety of ways, including operational backing and extensive networking opportunities.

City: Berlin and Cologne
Founded: 2012
Size of fund: N/A
Stage: Early Stage Venture, Seed
SaaS Investments: Userlane, and others

3. Cherry Ventures

Cherry Ventures is a Berlin-based fund that supports European businesses with strategic value together paired with funding. Its team is made up of seasoned entrepreneurs that have experience in creating fast-scaling tech companies. Cherry Ventures provides advice, coaching, and support to founders, as well as access to its vast network.

City: Berlin
Founded: 2013
Size of fund: $170M
Stage: Early Stage Venture, Seed
SaaS Investments: SalesHero, and others

4. CommerzVentures

Financial services and insurance are the focus of CommerzVentures’ investments. It is the venture capital fund of Commerzbank Group. Its initial funding rounds range from €2 to €10 million and are targeted at early- and growth-stage companies. CommerzVentures seek to invest in innovative entrepreneurs that want to redefine their industries with tech solutions.

City: Frankfurt
Founded: 2014
Size of fund: N/A
Stage: Early Stage Venture, Late Stage Venture
SaaS Investments: Mambu, and others

5. Digital+ Partners

Digital+ Partners are fond of B2B technology, and that’s where they make the majority of their investments. The growth equity investor focuses on making businesses strong and independent, so that they can scale globally. Industrial and financial technologies are Digital+ Partners’ particular interest. Their initial investments are typically between €10 million and €20 million.

City: Munich
Founded: 2015
Size of fund: €131.5M
Stage: Late Stage Venture
SaaS Investments: Riskmethods, and others

6. Earlybird Venture Capital

Earlybird Venture Capital is a prominent Berlin-based VC that has funded tech companies in the last twenty years. It’s also one of the most successful ones, boasting 6 IPOs and 22 trade sales. With its rich experience, the firm offers strategic and operational support together with the funding. Earlybird operates a couple of funds that have different geographical and industry focus areas.

City: Berlin
Founded: 1997
Size of fund: $917.8M
Stage: Early Stage Venture, Late Stage Venture, Private Equity, Seed
SaaS Investments: The most recent is UiPath.

7. EnjoyVenture Management

EnjoyVenture Management is a private equity firm that fancies promising tech companies at the seed and early stages. The team comprises of experienced entrepreneurs, so operational support for portfolio companies is guaranteed. EnjoyVenture provides coaching and access to a rich network of professional contacts. The firm has more than 70 ventures to date.

City: Dusseldorf
Founded: 2000
Size of fund: €85M
Stage: Early Stage Venture, Late Stage Venture, Seed
SaaS Investments: Shipcloud.io, and others

8. High-Tech Gründerfonds

High-Tech Gründerfonds (HTGF) invests in tech startups with high potential. Operating three funds, the company has supported about 500 businesses with 92 exits for the last 13 years. HTGF focuses on areas like software, media, internet, hardware, automation, healthcare, chemicals, and life sciences. Its experts support companies from the seed stage all the way to success.

City: Bonn
Founded: 2005
Size of fund: €886M
Stage: Early Stage Venture, Seed
SaaS Investments: eWings, PressMatrix, and others

9. HV Holtzbrinck Ventures

HV Holtzbrinck Ventures is one of the most successful and well-funded early stage and growth investor in Europe. Its investments range from €0.5 million to €40 million, making it one of the few VCs that support businesses through consecutive stages. The firm’s focus is on internet and tech companies with growth potential.

City: Munich and Berlin
Founded: 2000
Size of fund: €1.05B
Stage: Early Stage Venture, Late Stage Venture, Private Equity, Seed
SaaS Investments: The most recent is Verbit.ai.

10. KIZOO

Besides seed and early stage funding, KIZOO Technology Ventures provides mentoring and support to its venture companies. It invests in SaaS, internet, and mobile services solutions. KIZOO also has a particular focus on rejuvenation biotech. It seeks high-growth teams that are ready to bet all in on their products.

City: Karlsruhe
Founded: 2000
Size of fund: N/A
Stage: Early Stage Venture, Seed
SaaS Investments: Shyftplan, Staffbase, Mambu, and others

11. K-Invest

K-Invest is backed by one of the biggest German distance retailers, the KLiNGEL Group. The firm considers startups in the fields of e-commerce, fashion and consumer goods, ad and retail tech, logistics, and data. Its investments are usually between €0.5 million and €2 million in equity, debt, or mezzanine. K-Invest has clearly stated its interest in promising SaaS businesses.

City: Berlin
Founded: 2009
Size of fund: N/A
Stage: Early Stage Venture, Seed
SaaS Investments: Shipcloud.io, and others

12. LBBW Venture Capital

LBBW Venture Capital is the private equity and venture capital section of Landesbank Baden-Wuerttemberg. It focuses on startups, venture capital, growth and pre-IPO financing. LBBW is interested in companies with high-tech concepts, as well as biotech, life sciences, and generally businesses with high growth potential. Its investment area includes Germany, Austria, and Switzerland, with a focus on Southern Germany. Investments range between $0.36 million and $3.62 million.

City: Stuttgart
Founded: 1998
Size of fund: N/A
Stage: Early Stage Venture, Late Stage Venture, Seed
SaaS Investments: PressMatrix, and others

13. LEA Partners

LEA Partners provides private equity and venture capital funding for B2B tech companies. The firm invests between €1 million and €100 million in seed, early stage, growth, and buyout. LEA Partners support portfolio companies with practical expertise in growth tactics, helping them to turn into market leaders.

City: Karlsruhe
Founded: 2002
Size of fund: N/A
Stage: Early Stage Venture, Late Stage Venture, Private Equity, Seed
SaaS Investments: sevDesk, and others

14. MIG AG

MIG AG is one of the prominent names on the German VC scene. The firm operates through its 15 public venture funds regulated by BAFIN. It focuses on companies in early to late stages that develop deep tech. It has invested in more than 30 companies to date.

City: Munich
Founded: 2004
Size of fund: €900M
Stage: Early Stage Venture, Late Stage Venture
SaaS Investments: NFON, sunhill buy official viagra online technologies, and others

15. Neuhaus Partners

Neuhaus Partners is a VC company with 20 years of experience. It is a member of the Federal Association of German Equity Investment Companies. Following in the legacy of its founder, Dr. Gottfried Neuhaus, the firm backs businesses financially and with knowhow. Neuhaus Partners focuses its investments on hardware, software, IT services, telecommunications, and multimedia.

City: Hamburg
Founded: 1998
Size of fund: N/A
Stage: Early Stage Venture, Late Stage Venture, Seed
SaaS Investments: Searchmetrics

16. Point Nine Capital

Point Nine Capital is one of the big names in SaaS funding in Germany and Europe in general, and invests in SaaS and digital marketplace companies across the globe. A number of noteworthy internet businesses have gotten their first investment from the firm. Point Nine’s focus are early stage investments.

City: Berlin
Founded: 2011
Size of fund: $198.1M
Stage: Early Stage Venture, Late Stage Venture, Seed
SaaS Investments: ChartMogul, Mambu, CANDIS, and others

17. Project A

Project A supports digital tech companies with capital, networking opportunities, and serious operational expertise. It boasts 100 experts that provide its portfolio companies with help in recruiting, sales, communications, marketing, and even software engineering. Project A has funded more than 45 companies with investments ranging from €0.5 million to €5 million.

City: Berlin
Founded: 2012
Size of fund: €260M
Stage: Early Stage Venture, Seed
SaaS Investments: Spryker, and others

18. Senovo

Senovo focuses on B2B SaaS investments. It prefers to get involved with companies in the early stage, usually not long after product launch. Its funding is often between €0.3 million to €1 million. The firm also has the possibility to support later rounds. Senovo’s team can offer to portfolio companies their expertise in business management, law, computer science, and physics.

City: Munich
Founded: 2011
Size of fund: N/A
Stage: Early Stage Venture
SaaS Investments: Ryte, and others

19. Surplus Invest

The priority investment areas of Surplus Invest are B2B, SaaS and Prop-Tech companies. Seed and early-stage businesses are in the focus. The small but passionate team at Surplus Invest provide ongoing help to its ventures, assisting entrepreneurs in building world-class tech.

City: Munich
Founded: 2016
Size of fund: N/A
Stage: Early Stage Venture, Seed
SaaS Investments: Quantilope, Ryte, and others

20. Texas Atlantic Capital

Texas Atlantic Capital makes investments in Europe and the USA. The firm is active at all stages of budding businesses. Its funding options range from $200,000 to $15 million. The hottest sectors in considers include e-commerce, internet, digital life, and software. TA Capital looks for the unconventional and innovative, and doesn’t shy away from supporting its portfolio companies.

City: Munich
Founded: 2010
Size of fund: $170M
Stage: Early Stage Venture, Late Stage Venture
SaaS Investments: Quandoo, and others

21. TA Ventures

TA Ventures defines itself as an international early stage VC with a knack for SaaS, marketplace, and deep tech. The industries it prefers include fintech, healthcare, and mobility. TA Ventures has backed more than 110 companies, achieving 34 successful exits. Seed stage investments are in the range of $100,000 to $250,000, while Series A are between $250,000 to $500,000.

City: Frankfurt
Founded: 2010
Size of fund: N/A
Stage: Early Stage Venture, Seed
SaaS Investments: CrossEngage, Jeeng, and others

22. Target Partners

Target Partners is a leading German VC company with a focus on tech businesses. Besides financing, it provides companies with access to extensive investment and industry networks. The team at Target Partners possesses a wide range of skills and knowhow, geared to assist ventures in their international growth.

City: Munich
Founded: 1999
Size of fund: €300M
Stage: Early Stage Venture, Late Stage Venture, Seed
SaaS Investments: Datapath.io, Trecker, and others

23. Unternehmertum Venture Capital Partners

Unternehmertum Venture Capital Partners has a clear preference for tech companies. It invests in the information and communication, communication equipment, telecommunication, medical engineering, and cleantech sectors. The company prefers B2B businesses in areas like Industry 4.0, IoT, manufacturing tech, SaaS, and mobility. The usual initial investments are in the range of €0.5 million to €3 million.

City: Garching
Founded: 2011
Size of fund: €82M
Stage: Early Stage Venture, Seed
SaaS Investments: Shyftplan, and others

24. Vito Ventures

Vito Ventures focuses on companies developing ambitious and innovative solutions in IoT, B2B marketplaces, enterprise, SaaS and energy tech. The company has access to a solid industrial investor base, offering research and development facilities, global market reach, and mass production capabilities support to its ventures.

City: Munich
Founded: 2015
Size of fund: N/A
Stage: Early Stage Venture, Seed
SaaS Investments: Soley, Crate.io, and others

25. SAP

Besides developing world-class enterprise software, tech giant SAP is also dedicated to supporting others who do so. It has made 19 investments in promising businesses, two of which as a main investor. SAP has funded the renowned Alchemist Accelerator, as well as LinkedIn.

City: Walldorf
Founded: 1972
Size of fund: N/A
Stage: Early Stage Venture, Seed
SaaS Investments: Virtustream, and others

26. WestTech Ventures

WestTech Ventures focuses its investments on pre-seed and seed stage businesses developing SaaS, enterprise software, and developer tools. In the first round of funding, it provides companies with €25,000 to €250,000. WestTech also runs the angel investment program Project Flying Elephant. It provides networking opportunities and access to its knowledge base.

City: Berlin
Founded: 2012
Size of fund: N/A
Stage: Early Stage Venture, Seed
SaaS Investments: SEMKNOX, TestObject, and others

Angel investors

27. Christian Thaler-Wolski

Christian Thaler-Wolski is an angel investor, startup advisor and mentor. His focus is on B2B SaaS and enterprise software coming from Germany, the Nordics, and Central and Eastern Europe. He has been principal and venture partner in a number of investment companies, as well as sales and key account manager at Oracle. You can learn more about him in his AngelList profile.

Stage: Seed
SaaS Investments: Detectify, Cloud 66, and Semasio; partner investment in Pipedrive

28. Alexander Bruehl

Alexander Bruehl is a hands-on angel investor who is also an entrepreneur and a mentor. He assists companies with defining their sales and pricing model, so that they can penetrate the most appropriate target markets. Alexander helps startup founders with internationalization and finding funding opportunities. You can learn more about him on his website, The SaaS Garage.

Stage: Seed
SaaS Investments: riskmethods, Contentful, and others

Accelerators

29. Hub:raum

The Hub:raum incubator is the startup segment of Deutsche Telekom. It provides financing and mentorship to early-stage startups, with a current ecosystem of about 20 businesses. Hub:raum supports companies that want to craft solutions in the areas of Artificial Intelligence, Smart Home, Internet of Things, and Big Data.

City: Berlin
Founded: 2012
Size of fund: N/A
Stage: Seed
SaaS Investments: Twyla, and others

30. SAP.iO Foundry Berlin

SAP.iO Foundries Berlin is powered by Techstars. It is an accelerator focused on B2B and enterprise SaaS businesses. Its particular interest is in Artificial Intelligence and machine learning solutions, making SAP.iO one of the pioneers in dedicated machine learning accelerators on the continent. It has made six investments since its opening in 2017.

City: Berlin
Founded: 2017
Size of fund: $35M
Stage: Early Stage, Seed
SaaS Investments: niki.ai, and others


You have the chance to meet some of these great VC funds at SaaStock on Tour Berlin. Book your ticket for June 7th now, and get on the path to growing your SaaS. Curious to learn more about the German SaaS landscape? Don’t miss out our selection of the 30 top SaaS companies in the country.

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