What investment strategy does 468 Capital focus on?

468 Capital focuses on VC strategies in the private equity space.

How many portfolio companies does 468 Capital have?

468 Capital has 24 active portfolio companies and 5 completed exits and 2 funds tracked on GP Intel.

Where is 468 Capital headquartered?

468 Capital is headquartered in Berlin, Germany.

What is 468 Capital's assets under management?

468 Capital manages approximately €540M in assets under management.

When was 468 Capital founded?

468 Capital was founded in 2020.

What sectors does 468 Capital invest in?

468 Capital invests across Software, TMT, Energy, Industrials.

What are 468 Capital's recent exits?

Recent realized exits by 468 Capital include: Einwert (2026) to Newmark Group; CustomCells (2025) to ABACON and SALVIA family office consortium; Rapid Robotics (2025) to RobCo; Talentspace (2022) to Handshake; Planetly (2021) to OneTrust.

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468 Capital

Berlin, Germany·Founded 2020·

Venture Capital

·468cap.com

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.

AUM

€540M

Funds

vintages 2020–2022

Portfolio

Exits

468 Capital is a Berlin venture capital firm with €540M AUM, 24 active companies and 5 exits.

SectorsSoftware TMT Energy Industrials

Key takeaways

·5 exits in the last 5 years · consistent DPI cadence.
·Average hold across 5 realized deals: 3 years.
·Fund cadence: ~2Y between vintages · last raise 2022.

Sector breakdown

29 companies

AI/ML

6 · 21%

ClimateTech

5 · 17%

SaaS

4 · 14%

Fintech

2 · 7%

Industrials

2 · 7%

Deep Tech

1 · 3%

Logistics

1 · 3%

PropTech

1 · 3%

Geography breakdown

5 geographies

Germany

18 · 62%

8 · 28%

Switzerland

1 · 3%

Philippines

1 · 3%

Singapore

1 · 3%

Key facts

HQBerlin, Germany

Founded2020

Website468cap.com

Recent exits

468 Capital sold Einwert to Newmark Group in 2026 after 2 years.

468 Capital sold CustomCells to ABACON and SALVIA family office consortium in 2025 after 4 years.

468 Capital sold Rapid Robotics to RobCo in 2025 after 5 years.

468 Capital sold Talentspace to Handshake in 2022 after 2 years.

Coverage notes

2 funds tracked, 29 portfolio companies (24 active · 5 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund 468 Capital has raised, with its portfolio companies. Hand-checked from public filings.

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

468 Capital Fund II

VC2022€355M16 assets1 exits

2022 · 4yr

€355M

Unrealized

16 held

Company	Entry
acto SaaS · Germany	2024
AstroForge Deep Tech · US	2024
Bardeen AI/ML · US	2022
Cartken Logistics · US	2024
Frequenz ClimateTech · Germany	2022
Jua AI/ML · Switzerland	2024
Karri Consumer · Germany	2024
Metergrid ClimateTech · Germany	2023
Novus Mobility · Germany	2024
OneLot Fintech · Philippines	2025
Ostrom ClimateTech · Germany	2022
Pave Bank Fintech · Singapore	2023
Terra One ClimateTech · Germany	2024
Vectorshift AI/ML · US	2024
Xeol Cybersecurity · US	2023
Yoneda Labs AI/ML · US	2024

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Einwert PropTech · Germany	2024	2026	Trade Sale	Newmark Group	–

468 Capital Fund I

VC2020€185M8 assets4 exits

2020 · 6yr

€185M

Unrealized

8 held

Company	Entry
Aleph Alpha AI/ML · Germany	2020
Askui DevTools · Germany	2021
Linearity SaaS · Germany	2021
QuestDB Data & Analytics · US	2021
Rasa Industrials · Germany	2020
Razor Group E-commerce · Germany	2020
Superchat SaaS · Germany	2021
Workist AI/ML · Germany	2020

Realized

4 exits

Company	Entry	Exit	Type	Buyer	MOIC
CustomCells ClimateTech · Germany	2021	2025	Trade Sale	ABACON and SALVIA family office consortium	–
Planetly SaaS · Germany	2020	2021	Trade Sale	OneTrust	–
Rapid Robotics Industrials · US	2020	2025	Trade Sale	RobCo	–
Talentspace HR Tech · Germany	2020	2022	Trade Sale	Handshake	–

Frequently asked questions

What investment strategy does 468 Capital focus on?: 468 Capital focuses on VC strategies in the private equity space.
How many portfolio companies does 468 Capital have?: 468 Capital has 24 active portfolio companies and 5 completed exits and 2 funds tracked on GP Intel.
Where is 468 Capital headquartered?: 468 Capital is headquartered in Berlin, Germany.
What is 468 Capital's assets under management?: 468 Capital manages approximately €540M in assets under management.
When was 468 Capital founded?: 468 Capital was founded in 2020.
What sectors does 468 Capital invest in?: 468 Capital invests across Software, TMT, Energy, Industrials.
What are 468 Capital's recent exits?: Recent realized exits by 468 Capital include: Einwert (2026) to Newmark Group; CustomCells (2025) to ABACON and SALVIA family office consortium; Rapid Robotics (2025) to RobCo; Talentspace (2022) to Handshake; Planetly (2021) to OneTrust.