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.

HV Capital

BitStone Capital is a venture capital investor focusing on innovative and sustainable technology companies in the construction and real estate sectors. The firm seeks to catalyze the growth of its portfolio companies through its network and specific expertise in new technologies. It aims to contribute to the sustainable transformation of the construction and real estate industries.

BitStone Capital

DN Capital is an international venture capital firm that invests in technology companies. It was founded in 2000 and has offices in London, Berlin, and San Francisco. The firm focuses on Seed, Series A, and select Series B opportunities in Europe and North America, with a particular emphasis on Software, Fintech, Marketplaces, and Consumer Internet.

DN Capital

Earlybird is a venture capital firm focused on investing in technology-driven companies. It partners with digital pioneers to support innovation across various industries.

Earlybird

Since 2000, HV Capital, formerly HV Holtzbrinck Ventures, has backed Internet and technology companies through various generations of funds and is one of the most successful and financially strongest early-stage and growth venture capitalist in Europe. HV’s funds have already invested in around 200 companies, including Zalando, Delivery Hero, FlixBus and SumUp. The total of all HV‘s 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 back startups through all growth phases.

Thermondo

Rocket Internet

Zalando

Jetlore

KoRo

Lamudi

LoopMe

Namshi

Care.com

Audible

Ozon

Groupon

HelloFresh

Delivery Hero

Depop

Dialogue

BlackRock 🤝 Upvest: Transforming European Investing 
 
HV Capital portfolio company, Upvest launched a strategic collaboration with BlackRock to democratize investing across Europe. The partnership combines Upvest's innovative investment API with BlackRock's ETF and asset management expertise. 

This enables more fintechs, banks, and wealth managers to make investing accessible for their customers. Investors benefit from Upvest's low-friction infrastructure to reduce transaction costs and allow access from small investment amounts.
 
As part of this collaboration, Upvest has closed a €30 million funding round with participation from BlackRock, Bessemer Venture Partners, Earlybird Venture Capital, Notion Capital, ABN AMRO Ventures, 10X Capital, and HV Capital.  
  
Find out more via the link in comments.

cc Jan Miczaika

🇬🇧 🎉 We’re delighted to announce that London-based Fintech kennek has raised a $12.5m Seed round led by HV Capital with participation from DFF (Dutch Founders Fund), AlbionVC, ff Venture Capital, Plug and Play Tech Center and Syndicate One.
 
kennek will utilize the new capital to further innovate the alternative lending sector by developing tools designed by experienced lenders. Additionally, the team plans to strengthen its presence in the UK market, provide enhanced support to its expanding client base, and broaden kennek's range of services.
 
“kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space,” says Barbod Namini, Partner at HV Capital. “It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

Congratulations to the founders Thibault Lancksweert, Xavier De Pauw, Edmund Parsons, and the entire kennek team on this achievement!
 
Tech.eu has the details in the comments below👇

cc Zuzanna Czapinska

💰 The Dealroom.co VC Investor Rank 2023 is out!

The 6th annual ranking, supported by HSBC Innovation Banking, is the only quantitative, transparent ranking of the world’s most prominent venture capital investors. So how did HV Capital stack up? At Series A stage, HV Capital ranked 3rd behind Index Ventures and Accel and overall HV Capital came in at 5th place for backing European startups. 

Jan Miczaika, Partner at HV Capital, shares his excitement: "We are thrilled that HV Capital is named amongst global heavyweights in both Series A and overall rankings. This is testament to HV Capital’s continued effort to find and drive innovation in Europe and to back founders who dare.”

The 2023 Top 5 VCs backing EMEA startups at Series A stage:
1️⃣ Index Ventures
2️⃣ Accel
❤️ HV Capital
4️⃣ Sequoia Capital
5️⃣ Bessemer Venture Partners

The 2023 Top 5 VCs backing EMEA startups:
1️⃣ LocalGlobe
2️⃣ Index Ventures
3️⃣ Accel
4️⃣ Point Nine  
❤️ HV Capital

Full results in the comments below.

🥨 Bits & Pretzels – it's a wrap! 🥨 

It’s been an incredible experience at #Bits23. The energy, innovation, and forward-thinking spirit of the tech community never fails to amaze us.
 
Rainer Märkle went on a #Bits23 triathlon and drew on 20 years of venture experience in his stage talks with; 
🏃 Florian Prucker (Scalable Capital) on how to build a Unicorn  
🚴 Felix Haas (10x Group) on the future of VC in Europe 
🏊♂️ Tove Larsson (Norrsken VC) and Florian Erber (Ananda Impact Ventures) on measuring Impact and the importance of ESG in the investment process 
🚀 Zeynep Yavuz (General Catalyst) on VC trends 

Christian Saller had a front row seat at the much anticipated 🏆 Startup Pitch Finals 🏆 as he took part in the jury that awarded María Teresa Pérez Zaballos from EndoGene.Bio the Golden Pretzel. EndoGene.Bio is a femtech startup changing the game in endometriosis diagnostic testing, a condition that affects 1 in 10 women worldwide. 

Lastly, thank you to all of you who attended our Founders Dinner hosted by Barbod Namini, Said Alib Haschemi & Jannis Fett and those who came over to the Investor Meeting Area to pitch your innovative ideas and say hi – we loved getting to know you! 

P.S. did you see the stairs? 

Susie Meier Fabian Gruner Maximilian Zoller Lukas Jaworski Kasey-Leigh Davies Maxi Pethö-Schramm Manal Belaouane Frederic Martin Ann-Christin Stiehl Jakob Buchmayer

We had a great session today at the Bits & Pretzels conference. Florian Prucker and I looked into the state of the market, relationship betweeen VC and founder, with many inside stories.

I’ll be back on stage at eh conference tomorrow with Felix Haas and Zeynep Yavuz discussing investment trends at 11:38. See you there!

HV Capital, Scalable Capital

🇬🇧Following a remarkable debut in 2022, Sifted Summit UK is back! 🎉

Join Barbod Namini, Partner at HV Capital, Kamila McWilliam, VP of Corporate Development at GoCardless, Alexander Schmitt, Partner at Lightspeed, and Craig Fox, Managing director, head of fintech at HSBC Innovation Banking for an insightful panel on Fintech M&As moderated by Amy O'Brien, Reporter at Sifted. 
💡Prepare for take-off: navigating the M&A boom in fintech
🗓️ October 4 from 12:00 - 12:35 
📍 Fintech Spotlight Stage 

While we're in town, we couldn't pass up the chance to unite the ecosystem for an unforgettable evening of good food and even better conversations. If you're a founder, angel or ecosystem enabler, join us on October 5 at 18:00. RSVP 👉 https://lnkd.in/eK-FkitM   

Lukas Jaworski Zuzanna Czapinska Kasey-Leigh Davies

#SIFTEDSUMMIT

Wow - we just raised 50m from new and existing investors in the worst fundraising environment I have personally seen in the last 15 years  🚀

A major thank you to the amazing JOKR/ Daki family ❤️ We had to make many hard decisions in the past 12 months, but all of you have continued to support the business from the sidelines or from the inside - THANK YOU🙏 I could not be more proud of every single one of you 😍 

and of course a big shoutout to our new (Lombard Odier Group) and existing investors (Convivialité Ventures, G Squared, GGV Capital, Balderton Capital, HV Capital and many more) - we are proud that we continue to jointly revolutionize the Brazilian grocery landscape! 


Rafael Vasto Ricardo Costa Alex Bretzner Rodrigo Maroja Ralf Wenzel Sven Grajetzki Natália Melo Henrique Falcao Benedict Counsell Gonzalo Pozo Mili Bustamante Matthew Saliba Ronald V. Rob Braun Bozana Stolic Konstantin Sorger Aspa Lekka Maurice Schneider Laura-Lucia Wehner

Berlin 🤝 Blockchain: As we wrap up the 4th Berlin Blockchain Week, it's clear to see that it was nothing short of a success! The city was abuzz and we at HV Capital were thrilled to host our Blockchain Brunch with BerChain at the Gnosis office at Full Node. It was great to see new and familiar faces and share insights. Over the course of the week, our team took away two key insights: 
 
🔗 Conferences, like DappCon, Protocol Berg and DeSci Berlin, and side events, like W3Fund, Finoa, Ultimate, Scroll, were packed with substance like never before 
🔗 Builders are back in Berlin and they’re focused on advancements in User Experience (Intent Based Architecture & Accounz Abstraction), Composability, Crypto IBANs, Security Improvements (zkOracles), AI, and more  
  
If you’re curious about the space, make sure to catch Kee (Kerstin) Eismann today at DMEXCO - Digital Marketing Expo & Conference. She’ll be speaking at 17:55 at the w3.vision / Tech Stage on "How to Capitalize on a Decentralized Future".  
 
Jan Miczaika Nikolas Schoneweg Maxi Pethö-Schramm 
  
#BerlinBlockchainWeek #Innovation

🌍 Join us in celebrating an exciting step towards a greener and more sustainable future: Plan A just secured $27M in funding to supercharge its business decarbonization platform. 
 
We are proud to have contributed in a round led by our friends from Lightspeed Venture Partners and joined by Visa, Deutsche Bank, and many others as well as existing investors. Plan A is gearing up to expand its presence across Europe (France, UK and Scandinavia, among others) and enhancing their decarbonization tools, Scope 3 data processing, and reporting capabilities. 

Lubomila Jordanova, CEO of Plan A: “Climate change and the associated impacts pose an existential risk to businesses. It's our mission at Plan A to provide made-to-measure software solutions and services to empower large and complex companies to decarbonise their operations and value chains and respond to the regulatory shift.

Clients like Chloé, BMW Group, Deutsche Bank, Visa, Ganni A/S, N26, HomeToGo, trivago, Personio, Sorare, KFC, and DFB trust the Plan A Sustainability Platform to lead the way in their sustainability efforts.
 
Read more via the link in comments👇 

Alexander Joel-Carbonell Jannis Fett
 
#noplanb

🌞🌍 Can Germany achieve its 80% renewable energy target by 2030? 
 
Since January 1, 2023, the revised EEG (Renewable Energy Act) set ambitious objectives. One of these objectives is to ensure that 80% of Germany's electricity comes from renewables. Driven by the desire for energy independence, there has been a surge in demand for household photovoltaic panels. However, a shortage of skilled installation businesses is creating a bottleneck in progress and making it hard for Germany to deliver on its renewable goals. 

Enpal, a HV Capital portfolio company, stands out as one of the fastest-growing solar energy companies in Europe. Going beyond their own solutions, they aim to support local installation experts and businesses through an innovative partnership model. 
 
Their newly launched 360° service platform, Enpal.pro, streamlines the procurement process, manages logistics and delivery efficiently, and simplifies grid connection. According to Lukas Pauly, Managing Director of Enpal.pro, "We view local and regional craft businesses as partners in the transition to renewable energies." Enpal.pro is already collaborating with more than 150 installation businesses. 

Find out more here: https://enpal.pro/

Mario Kohle Viktor Wingert Christian Saller Maximilian Zoller
 
#RenewableEnergy #ClimateAction #SustainableFuture

Metric
Company Name	HV Capital	BitStone Capital	DN Capital	Earlybird
Symbol
MSH ID	COM:HVCAPITAL	COM:BITSTONECAPITAL	COM:DNCAPITAL	COM:EARLYBIRD
Market	PRIVATE	PRIVATE	PRIVATE	PRIVATE
Sector	Financial Services	Financial Services & Finance	Financial Services & Finance	Financial Services & Finance
Industry	Venture Capital and Private Equity Principals	Venture Capital	Venture Capital	Venture Capital
Country	DE	DE		DE
Stage
Employee Count	11	1	11	51
Website	hvcapital.com	bitstonecapital.com	dncapital.com	earlybird.com/portfolio
LinkedIn	hvcapital
Founders

Metric
Market Cap
Enterprise Value
Monthly Web Traffic	3.91K	9.76K
Web Traffic Growth	-0.30	-0.48
Valuation
Raised Capital

Metric
Revenue
Revenue (LTM)
Revenue (NTM)
Gross Profit
EBITDA
Operating Income
Net Income
EPS
Diluted EPS
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score	95.39	14.53
28-Day Growth Score	96.49	50.68
90-Day Growth Score	96.29	48.52
365-Day Growth Score	96.35	45.73

Metric
Gross Profit Margin
Operating Profit Margin
EBITDA Margin
Net Profit Margin
Return on Equity
Return on Assets
Return on Capital Employed

COM:HVCAPITAL

HV Capital

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio
P/B Ratio
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio
EV Multiple

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle
Cash Conversion Cycle
Asset Turnover

Metric
Operating Cash Flow
Free Cash Flow
Cash Flow to Debt
Operating Cash Flow/Sales
Free Cash Flow Yield

Metric
Cash & Equivalents
Accounts Receivable
Inventory
Goodwill
Debt to Capitalization
Debt to Assets
Current Ratio
Quick Ratio

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue