HV Capital
European venture and growth investor backing technology companies across stages.
Available information varies by company and source.
Profile record updated:
Company facts
- Official name
- HV Capital Manager GmbH
- Entity type
- COMPANY
- Founded
- 2000
- Headquarters
- Germany
- Company size
- 201–500
- Market role
- Private Equity, VC & Investor
- Official website
- hvcapital.com
What HV Capital does
HV Capital pools commitments from institutional investors into managed venture and growth funds, deploys that capital into technology businesses, and manages portfolios through follow-on financing and exit cycles. It creates value by combining early-stage and later-stage investment strategies, portfolio support and long-duration capital management under its AIFM structure.
Category differentiation
HV Capital is a regulated European venture and growth investment manager, not a technology vendor or an operating company in its portfolio. It is distinct from Holtzbrinck Publishing Group, from which it became independent.
Strategic context
AI-supported assessment from the existing company research; distinguish interpretation from sourced facts.
HV Capital Manager GmbH, trading as HV Capital, is a Munich-based private venture and growth capital firm. As an authorised Alternative Investment Fund Manager, it raises and manages institutional investment capital for dedicated venture and growth strategies backing European technology companies from seed through later-stage rounds. The firm earns fund-management economics from capital under management and investment performance participation. Its customers are institutional limited partners allocating capital to private markets, while its portfolio-facing activity serves founders and management teams of European technology companies. HV Capital announced a €783 million Fund IX and a €430 million continuation fund, evidencing a multi-fund platform rather than a single-vehicle investor.
Company news briefing
Briefing updated:
HV Capital continues to back its portfolio companies, participating as an existing investor in Exein's $270 million Series C funding round, which valued the Physical AI cybersecurity scaleup at $1.7 billion. Additionally, HV Capital increased its stake in Stuttgart-based startup Flip during a €22 million funding round aimed at expanding its AI infrastructure platform for frontline employees.
Business model & monetisation
HV Capital monetises investment funds through recurring management fees charged on committed or managed capital and carried interest or comparable performance participation generated when portfolio investments realise gains. Its commercial model is fund management rather than software licensing or transaction-based media revenue.
- Fund management fees
- Recurring fees on committed or managed fund capital
- Investment performance participation
- Carried interest or equivalent share of realised portfolio gains
- Continuation-fund management
- Recurring fund-management fees and investment performance participation
Products & capabilities
No products with linked sources are available in this view.
Recent recorded signals
Dates refer to the source publication. Older entries are historical context, not evidence of a new event.
ARX Robotics expands to Poland and Austria
Defense Technology · Recorded impact score: 2/5
The Munich-based defense-tech company ARX Robotics announced its expansion into Poland during the MSPO defense fair in Kielce. The company has established a Polish entity and plans to build a permanent headquarters with training, maintenance, and technical support facilities. Investments in the double-digit millions are planned, along with the creation of highly qualified jobs. This marks Poland as ARX Robotics' fourth market, making it active in three of Europe's top five defense markets. Additionally, the company founded ARX Robotics Austria in Innsbruck to handle local business and administrative processes. The company operates in Ukraine, where its GEREON unmanned ground vehicles are deployed. ARX Robotics employs around 300 people in Munich, Berlin, London, and Kyiv.
- ARX Robotics announced expansion into Poland at the MSPO defense fair.
- A Polish subsidiary has been founded with plans for a permanent headquarters.
Explore company relationships
Questions about HV Capital
What is HV Capital?
HV Capital is a Munich-based venture and growth capital firm and authorised Alternative Investment Fund Manager investing in European technology companies.
Who uses HV Capital?
Institutional investors use its fund vehicles for private-market allocations, while European technology founders use it for venture and growth financing.
How does HV Capital make money?
It earns recurring fund-management fees and investment-performance participation from managed venture, growth and continuation funds.
Sources & coverage
This profile uses public, official and technically observable information. Missing information does not prove that a product or relationship does not exist. The list below does not imply that every profile statement has been verified.
18 publicly documented primary sources and citations linked across the market graph.
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