What investment strategy does Alstin Capital focus on?

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

How many portfolio companies does Alstin Capital have?

Alstin Capital has 19 active portfolio companies and 3 completed exits and 3 funds tracked on GP Intel.

Where is Alstin Capital headquartered?

Alstin Capital is headquartered in Munich, Germany.

What is Alstin Capital's assets under management?

Alstin Capital manages approximately €283M in assets under management.

When was Alstin Capital founded?

Alstin Capital was founded in 2011.

What sectors does Alstin Capital invest in?

Alstin Capital invests across Software, TMT, Financials.

What are Alstin Capital's recent exits?

Recent realized exits by Alstin Capital include: Stryze Group (2023) to Razor Group; Alyne (2021) to Mitratech; Stocard (2021) to Klarna.

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Alstin Capital

Munich, Germany·Founded 2011·

Venture Capital

·alstin.capital

Alstin Capital is a Munich-based early-stage venture capital firm founded by German entrepreneur Carsten Maschmeyer that backs late-seed and Series A B2B software companies across Europe, with a focus on fintech, insurtech, regtech, cybersecurity and climate tech.

AUM

€283M

Funds

vintages 2015–2024

Portfolio

Exits

Alstin Capital is a Munich venture capital firm with €283M AUM, 19 active companies and 3 exits.

SectorsSoftware TMT Financials

Key takeaways

·3 exits in the last 5 years · consistent DPI cadence.
·Average hold across 3 realized deals: 4 years.
·Top sector focus: Fintech (27% of portfolio).
·Fund cadence: ~5Y between vintages · last raise 2024.

Sector breakdown

22 companies

Fintech

6 · 27%

SaaS

4 · 18%

AI/ML

3 · 14%

Cybersecurity

3 · 14%

ClimateTech

2 · 9%

Software

2 · 9%

Logistics

1 · 5%

E-commerce

1 · 5%

Geography breakdown

7 geographies

Germany

15 · 68%

Sweden

2 · 9%

Switzerland

1 · 5%

Spain

1 · 5%

Netherlands

1 · 5%

Belgium

1 · 5%

Austria

1 · 5%

Key facts

HQMunich, Germany

Founded2011

Employees14+

Websitealstin.capital

Recent exits

Alstin Capital sold Stryze Group to Razor Group in 2023 after 2 years.

Alstin Capital sold Alyne to Mitratech in 2021 after 3 years.

Alstin Capital sold Stocard to Klarna in 2021 after 6 years.

Coverage notes

3 funds tracked, 22 portfolio companies (19 active · 3 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

3 funds

Fund

Strategy

Vintage

Size

Assets

Exits

ALSTIN III

VC2024€175M11 assets

2024 · 2yr

€175M

–

Unrealized

11 held

Company	Entry
Agaton AI/ML · Sweden	2026
Bits Technology Fintech · Sweden	2026
Blockbrain AI/ML · Germany	2026
Climatiq ClimateTech · Germany	2025
Etalytics ClimateTech · Germany	2024
Flowit SaaS · Switzerland	2024
NeuralTrust Cybersecurity · Spain	2026
NORBr Fintech · Netherlands	2024
Secfix Cybersecurity · Germany	2026
Timefold SaaS · Belgium	2026
Voiceline AI/ML · Germany	2026

ALSTIN II

VC2017€108M8 assets2 exits

2017 · 9yr

€108M

Unrealized

8 held

Company	Entry
Circula Fintech · Germany	2022
Deskbird SaaS · Germany	2023
Nect Cybersecurity · Germany	2020
Neodigital Fintech · Germany	2020
Pliant Fintech · Germany	2023
Quivo Logistics · Austria	2022
Retraced SaaS · Germany	2022
Usercentrics Software · Germany	2020

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Alyne Software · Germany	2018	2021	Trade Sale	Mitratech	–
Stryze Group E-commerce · Germany	2021	2023	Trade Sale	Razor Group	–

ALSTIN IActive

Evergreen20150 assets1 exits

Evergreen

2015 · 11yr

–

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Stocard Fintech · Germany	2015	2021	Trade Sale	Klarna	–

Frequently asked questions

What investment strategy does Alstin Capital focus on?: Alstin Capital focuses on VC strategies in the private equity space.
How many portfolio companies does Alstin Capital have?: Alstin Capital has 19 active portfolio companies and 3 completed exits and 3 funds tracked on GP Intel.
Where is Alstin Capital headquartered?: Alstin Capital is headquartered in Munich, Germany.
What is Alstin Capital's assets under management?: Alstin Capital manages approximately €283M in assets under management.
When was Alstin Capital founded?: Alstin Capital was founded in 2011.
What sectors does Alstin Capital invest in?: Alstin Capital invests across Software, TMT, Financials.
What are Alstin Capital's recent exits?: Recent realized exits by Alstin Capital include: Stryze Group (2023) to Razor Group; Alyne (2021) to Mitratech; Stocard (2021) to Klarna.