Where is HTGF's headquarters located?

HTGF's headquarters is located in Bonn (Germany).

How big is HTGF's investment team?

HTGF has a team of 99, including 17 partners.

How many companies has HTGF invested in?

HTGF has invested in 723 companies, including Sdui & EGYM.

Which companies has HTGF invested in lately?

Twogee Biotech & Co-reactive are the latest investments by HTGF.

What sectors does HTGF focus on for investments?

Top sectors in HTGF's portfolio are Enterprise Applications (261 investments) and High Tech (161 investments).

What stages of companies does HTGF typically invest in?

HTGF primarily invests in Seed and Series A stages.

How many exits has HTGF been involved in?

HTGF's portfolio has seen 17 IPOs and 134 acquisitions.

How many unicorns are there in HTGF's portfolio?

There is 1 unicorn in HTGF's portfolio.

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HTGF is a venture capital firm founded in 2005. It is primarily based out of Bonn, Germany. As of Jan 2026, HTGF is an active investor, having invested in 723 companies, with 29 new investments in the last 12 months. It primarily invests in Seed round in Germany based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Seed round of Twogee Biotech Overall, HTGF portfolio has seen 1 unicorn, 17 IPOs and 134 acquisitions including key companies like EGYM, Clickworker and N8Commercetools. A lot of funds co-invest with HTGF, with names like Bayern Kapital sharing a substantial percentage of its portfolio. HTGF has team of 99 people including 17 partners.

Key Metrics

Team Members

Angelika Vlachou, Alex Von Frankenberg & 97 more

Portfolio Count

Sdui, EGYM & 722 more

Portfolio Sectors

Enterprise Applications, High Tech & 37 more

Portfolio Locations

Germany, Switzerland & 17 more

Rounds of Entry

Seed, Series A & 8 more

Portfolio IPOs

Mister Spex, NFON & 15 more

Portfolio Acquisitions

Blickfeld, Hornetsecurity & 132 more

Portfolio Unicorns

EGYM

Portfolio Soonicorns

Aignostics, OUTFITTERY & 11 more

Deals in last 12 months

Twogee Biotech, Co-reactive & 49 more

View HTGF's full profile

HTGF has a portfolio of 723 companies, one of which is a Unicorn. Their most notable investments are in RedMimicry and Wunderkind Security.Their portfolio spans across Germany, Switzerland, United States and 16 more locations. They have invested in Enterprise Applications, High Tech, Life Sciences and 36 other sectors, across stages such as Seed, Series A and 8 more. Here is the list of top investments by HTGF:

1. Sdui

Communication platform for parents, teachers, and students. It offers solutions for file sharing, creating timetables and calendars, scheduling, spam prevention, and more. The application is available on Android, iOS, and Windows platforms.

Key facts about Sdui

Founded Year: 2018
Location: Koblenz (Germany)
Stage: Series A
Total Funding till date: $58.3M
Employee Count: 77 as on Dec 31, 2021
Investors: Bain Capital, Kreos Capital and 16 Others
Latest Funding Round: Series A, Jul 21, 2025, $*****
Highlight: Editors' Pick

2. EGYM

Provider of smart exercising equipment and mobile-based app for trainers and individuals. The platform offers different types of exercising equipment for the users. Also, it offers an app for fitness trainers to manage their clients. Users can also access the different workout programs offered by fitness experts.

Key facts about EGYM

Founded Year: 2010
Location: Munich (Germany)
Annual Revenue: £2.14M as on Dec 31, 2022
Valuation: $*****
Stage: Series G
Total Funding till date: $580M
Employee Count: 306 as on Jan 31, 2026
Investors: Meritech, Mayfair and 23 Others
Latest Funding Round: Series G, Sep 25, 2024, $*****
Highlight: Editors' Pick

3. Clickworker

Clickworker is a crowdsourced marketplace for data processing jobs. Enterprises can either upload / connect (using an API) their data to the platform. Data processing services include tagging, categorization, product description, run survey and monitor brand campaigns.

Key facts about Clickworker

Founded Year: 2005
Location: Essen (Germany)
Stage: Acquired
Total Funding till date: $6.04M
Employee Count: 24 as on Dec 31, 2021
Investors: KfW, VCDE Venture Partners and 10 Others
Latest Funding Round: Series B, Mar 22, 2011, $*****
Highlight: Acquired

4. Commercetools

Provider of a platform for enterprise digital commerce and related services. The platform offers solutions for B2C, B2B, and B2X commerce, along with features like AI-driven shopping and agentic commerce. It provides tools for businesses, IT, e-commerce, and finance roles, supporting industries such as retail, fashion, food, telecom, automotive, and healthcare. The platform aims to unify touchpoints and drive revenue through various channels.

Key facts about Commercetools

Founded Year: 2006
Location: Munich (Germany)
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $291M
Employee Count: 631 as on Jan 31, 2026
Investors: Insight Partners, Bayern Kapital and 9 Others
Latest Funding Round: Series C, Sep 13, 2021, $*****
Highlight: Acquired

5. Aignostics

Provider of AI-driven solutions for drug development and precision medicine. It offers products and services for complex image and data analysis. The offerings span from early drug discovery through regulated clinical applications. Services include target and biomarker discovery, translational research, and digital diagnostics. The company provides access to pathology samples and multimodal data.

Key facts about Aignostics

Founded Year: 2018
Location: Berlin (Germany)
Stage: Series B
Total Funding till date: $53.9M
Employee Count: 25 as on Dec 31, 2021
Investors: Boehringer Ingelheim Venture Fund, Wellington Partners Venture Capital and 9 Others
Latest Funding Round: Series B, Oct 29, 2024, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

HTGF has invested in 724 companies over the last 20 years, with an average of 36 new investments annually in the last 10 years. In 2025, it made 50 investments, while as of Jan 2026, it has made 6 investments in this year. Its most recent first time investment was in Twogee Biotech and most recent follow-on round was in Altavo.

Here are HTGF's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	5	1	6
2025	26	24	50
2024	34	31	65
2023	46	14	60
2022	33	30	63
2021	34	19	53
2020	39	22	61
2019	45	16	61
2018	34	17	51
2017	35	16	51

View all investments by HTGF

HTGF has made 561 investments in Seed stage with an average round size of $2.08M, 73 investments in Series A stage with an average round size of $8.76M and 8 investments in Series B stage with an average round size of $10.2M.

Here are HTGF's investments by stage:

Stage of entry	No. of Investments
Seed	561
Series A	73
Series B	8
Unattributed	7
Series C	3
Others	7

Note: We have considered here, only first round of investments

View all investments by HTGF

HTGF has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, Sustainability Tech and Vertical SaaS. Notably, it has invested in 575 Tech companies, 539 Enterprise (B2B) companies, 326 Software companies and at least 149 companies focusing on Saas.

Here are HTGF's investments by sector:

Sector	No. of Investments
Enterprise Applications	243
High Tech	154
Life Sciences	148
Sustainability Tech	73
Vertical SaaS	70
Others	720

Note: We have considered here, only first round of investments

View all investments by HTGF

HTGF has made most investments in Germany (572), followed by Switzerland where it has made 22 investments.

Here are HTGF's investments by geography:

Country	No. of Investments
Germany	572
Switzerland	22
United States	14
Netherlands	8
United Kingdom	7
Others	29

Note: We have considered here, only first round of investments

View all investments by HTGF

HTGF has made 6 investments in 2026 so far. Twogee Biotech and Co-reactive are the latest among them.

Here are the most recent investments by HTGF:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jan 29, 2026	Twogee Biotech	Germany	Seed	1670	Bayern Kapital [+2]
Jan 28, 2026	Co-reactive	Germany	Seed	8945	NRW.Bank [+3]
Jan 23, 2026	Altavo	Germany	Series A	8866	Novalis Biotech [+3]
Jan 20, 2026	Cancilico	Germany	Seed	3488	CFH Management [+1]
Jan 19, 2026	CoolSem Technologies	Netherlands	Seed	8895	KBC Focus Fund [+2]

See more recent investments made by HTGF

HTGF has 1 unicorn in its portfolio - EGYM. The most recent unicorn in their portfolio is EGYM which became a unicorn in 2024, 10 years after HTGF first invested in it.

Here is a list of unicorns in HTGF's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
69	EGYM	Provider of smart exercising equipment and mobile-based app for trainers and individuals	2010	HealthTech	Munich	Series G	edgpnxk

View more details about unicorns in HTGF's portfolio

17 of HTGF's portfolio companies have become public. Mister Spex got listed on the Frankfurt Stock Exchange (FRA), in Jul 2021 at marketcap of $930M and NFON got listed on the Frankfurt Stock Exchange (FRA) at marketcap of $197M.

Here are HTGF's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Mister Spex	Jul 02, 2021	-	-	4463
NFON	May 31, 2018	Nov 29, 2010	Series A	7494
Windeln	May 06, 2015	Sep 15, 2010	Seed	3388
Immunic	Apr 17, 2014	Sep 27, 2016	Post IPO	6290
Geospin	-	Jun 12, 2018	Seed	1826

View more details about public companies in HTGF's portfolio

134 companies from HTGF's portfolio have been acquired. The most recent acquisition were Blickfeld in Dec 2025 by Senstar for $12.1M.

Here are HTGF's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Blickfeld	Dec 09, 2025	Oct 20, 2017	Seed	9001
Hornetsecurity	May 15, 2025	Dec 08, 2007	Seed	1219
Hprobe	Mar 13, 2025	Feb 04, 2020	Seed	6043
GQ Bio	Feb 27, 2025	-	-	4442
Ondeso	Jan 18, 2025	Mar 19, 2013	Seed	4607

View all acquired companies in HTGF's portfolio

HTGF has a team of 99 members including 17 Partners, 1 Venture Partner and 33 Principals located in Germany and United States. HTGF's team sits on the board of 2 companies.

Here is a list of top team members in HTGF:

Name	Designation	Location	Board Memberships	Contact details
Angelika Vlachou	Partner	Berlin	-	1 Email
Alex Von Frankenberg	Partner	Cologne	-	1 Email, 1 Phone number
Tanja Emmerling	Partner	Berlin	-	1 Email, 1 Phone number
Markus Kressmann	Partner	Bonn	-	1 Email, 1 Phone number
Romy Schnelle	Partner	Cologne	-	1 Email, 1 Phone number
Yann Fiebig	Partner	Bonn	-	1 Email, 1 Phone number
Bernd Goergen	Partner	Bonn	-	1 Email, 1 Phone number
Klaus Lehmann	Partner	Bonn	-	1 Email, 1 Phone number
Marco Winzer	Partner	Bonn	-	1 Email, 1 Phone number
Ulrich Schmitt	Partner	Bonn	-	1 Email, 1 Phone number
Frank Kerim Reinecke	Partner	Berlin	-	1 Email, 1 Phone number

View team details of HTGF

Over the past 20 years, 1431 investors have co-invested in HTGF's portfolio companies. This includes funds and angels.

Invested before HTGF: Europa, Venture Kick and 86 others have invested in rounds before HTGF. There are 18 companies where Europa has invested before HTGF and 10 companies where Venture Kick has invested before HTGF.
Top Co-investors of HTGF: 574 investors entered a company along with HTGF. These include investors like Bayern Kapital (62 companies).
Invested after HTGF: A total of 769 investors have invested in HTGF's portfolio after their investments. Top Investors include Europa (56 companies), EIC Fund (34 companies) and KfW (19 companies).