Masterplan
GermanyWho owns Masterplan?
Masterplan is a German EdTech company, now owned by Amadeus FiRe, which acquired it in 2025 from DvH Ventures, Tengelmann Ventures and 2 other investors.
Hand-verified · updated 2026-09-30
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Key facts
- ·Fully exited in 2025 to Amadeus Fire Group.
- ·Average hold across 4 realized cycles: 6 years.
- ·4 distinct PE sponsors across ownership cycles.
Ownership history
4 ownership periods · co-invest detected
DvH Ventures sold Masterplan to Amadeus Fire Group in 2025 after 8 years.
Tengelmann Ventures sold Masterplan to Amadeus FiRe in 2025 after 7 years.
Gruenderfonds Ruhr sold Masterplan to Amadeus Fire in 2025 after 5 years.
NRW.BANK sold Masterplan to Amadeus Fire in 2025 after 5 years.
More from DvH Ventures Fund III (Digital Tech Fund)
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More PE-backed in EdTech
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UKQuestions
Who owns Masterplan?
Masterplan is now owned by Amadeus FiRe, which acquired it in 2025 from DvH Ventures, Tengelmann Ventures and 2 other investors.
When did Amadeus FiRe acquire Masterplan?
Amadeus FiRe acquired Masterplan in 2025, buying from DvH Ventures, Tengelmann Ventures and 2 other investors.
Who did Masterplan sell to?
DvH Ventures sold Masterplan to Amadeus Fire Group in 2025 (Trade Sale). Tengelmann Ventures, NRW.BANK and Gruenderfonds Ruhr sold Masterplan to Amadeus FiRe in 2025 (Trade Sale).
Who has owned Masterplan over time?
Masterplan has been through 4 private-equity ownership periods: DvH Ventures · via DvH Ventures Fund III (Digital Tech Fund) · 2017–2025 · sold to Amadeus Fire Group · (Trade Sale); Tengelmann Ventures · via Tengelmann Ventures Evergreen · 2018–2025 · sold to Amadeus FiRe · (Trade Sale); NRW.BANK · via NRW.Venture · 2020–2025 · sold to Amadeus Fire · (Trade Sale); Gruenderfonds Ruhr · via Gruenderfonds Ruhr I · 2020–2025 · sold to Amadeus Fire · (Trade Sale).