468 Capital
468 Capital is a Berlin-based early-stage venture capital firm founded in 2020 by Ludwig Ensthaler, Florian Leibert and Alexander Kudlich, with additional offices in San Francisco and Madrid. It backs seed and Series A/B companies in deep tech, AI and automation, infrastructure and enterprise software, energy transition and consumer/prosumer software, having raised over USD 600M across two funds since inception.
Key facts
Recent exits
Coverage notes
2 funds tracked, 29 portfolio companies (24 active · 5 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
29 companiesFunds & portfolio
Every fund 468 Capital has raised, with its portfolio companies. Hand-checked from public filings.
468 Capital Fund IIVC2022 · 4yr€355M16 active · 1 realized
Unrealized
16 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| SaaS |  Germany | 2024 | |
| Deep Tech |  US | 2024 | |
| AI/ML | US | 2022 | |
| Industrials | US | 2024 | |
| Energy | Germany | 2022 | |
| AI/ML |  Switzerland | 2024 | |
| Consumer | Germany | 2024 | |
| Energy | Germany | 2023 | |
| Mobility | Germany | 2024 | |
| Fintech | Philippines | 2025 | |
| Energy | Germany | 2022 | |
| Fintech | Singapore | 2023 | |
| Energy | Germany | 2024 | |
| AI/ML | US | 2024 | |
| Cybersecurity | US | 2023 | |
| AI/ML | US | 2024 |
Germany· Entry 2024US· Entry 2024US· Entry 2022US· Entry 2024Germany· Entry 2022Switzerland· Entry 2024Germany· Entry 2024Germany· Entry 2023Germany· Entry 2024Germany· Entry 2022Germany· Entry 2024US· Entry 2024US· Entry 2023US· Entry 2024468 Capital Fund IVC2020 · 6yr€185M8 active · 4 realized
Unrealized
8 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials | Germany | 2020 | |
| AI/ML | Germany | 2021 | |
| SaaS | Germany | 2021 | |
| Data & Analytics | US | 2021 | |
| Industrials | Germany | 2020 | |
| Consumer | Germany | 2020 | |
| Software | Germany | 2021 | |
| AI/ML | Germany | 2020 |
Germany· Entry 2020Germany· Entry 2021Germany· Entry 2021US· Entry 2021Germany· Entry 2020Germany· Entry 2020Germany· Entry 2021Germany· Entry 2020Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Industrials | Germany | 2021 | 2025 | Trade Sale | – | ||
| Software | Germany | 2020 | 2021 | Trade Sale | – | ||
| Industrials | US | 2020 | 2025 | Trade Sale | – | ||
| HR Tech | Germany | 2020 | 2022 | Trade Sale | – |
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Germany·€400MGet the full picture on 468 Capital.
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