What investment strategy does APX focus on?

APX focuses on VC strategies in the private equity space.

How many portfolio companies does APX have?

APX has 30 active portfolio companies and 7 completed exits and 1 fund tracked on GP Intel.

Where is APX headquartered?

APX is headquartered in Berlin, Germany.

What is APX's assets under management?

APX manages approximately €55M in assets under management.

What sectors does APX invest in?

APX invests across TMT, Software, Consumer, Business Services, Healthcare.

What are APX's recent exits?

Recent realized exits by APX include: Spike (2026) to Raintree Systems; eaze (2025) to BLACKROLL; Bonrepublic (2024) to HRworks; Bonnet (2023) to OVO Energy; Emmora (2023) to Ahorn Gruppe; Framen (2020) to Axel Springer SE.

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APX

Berlin, Germany·Founded 2018·

Venture Capital

·apx.vc

APX is a Berlin-based earliest-stage (pre-seed) venture investor set up in 2018 as a joint venture between media group Axel Springer SE and sports-car maker Porsche AG, succeeding the Axel Springer Plug and Play accelerator. It typically invested up to EUR 500k per company (starting with a EUR 50k first cheque plus a 100-day tailor-made programme) and backed more than 100 digital-business founding teams across Europe, often as their first institutional investor. Porsche and Axel Springer topped up the vehicle to EUR 55M committed in January 2021. From May 2023 all new initial investments moved to APX's successor firm Heartfelt, while APX continues to support and follow-on into its existing portfolio.

AUM

€55M

Funds

vintages 2018

Portfolio

Exits

APX is a Berlin venture capital firm with €55M AUM, 30 active companies and 7 exits.

SectorsTMT Software Consumer Business Services Healthcare

Key takeaways

·6 exits in the last 5 years · consistent DPI cadence.
·Average hold across 7 realized deals: 3 years.

Sector breakdown

37 companies

HealthTech

4 · 11%

Fintech

4 · 11%

Consumer

4 · 11%

Software

3 · 8%

SaaS

3 · 8%

Mobility

2 · 5%

AI/ML

2 · 5%

DevTools

1 · 3%

Geography breakdown

8 geographies

Germany

23 · 62%

United Kingdom

6 · 16%

Netherlands

3 · 8%

1 · 3%

Austria

1 · 3%

Estonia

1 · 3%

Ireland

1 · 3%

Lithuania

1 · 3%

Key facts

HQBerlin, Germany

Founded2018

Websiteapx.vc

Recent exits

APX sold Spike to Raintree Systems in 2026 after 2 years.

APX sold eaze to BLACKROLL in 2025 after 2 years.

APX exited tucan.ai in 2025 after 5 years.

APX sold Bonrepublic to HRworks in 2024 after 2 years.

Coverage notes

1 fund tracked, 37 portfolio companies (30 active · 7 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

APX (Axel Springer Porsche)

VC2018€55M30 assets7 exits

2018 · 8yr

€55M

Unrealized

30 held

Company	Entry
Aide Health HealthTech · United Kingdom	2022
Along Germany	2022
Ambr AI United Kingdom	2023
askui DevTools · Germany	2021
Beatvest Fintech · Germany	2023
Bloom HealthTech · United Kingdom	2025
Chargetrip Mobility · Netherlands	2020
ChipFlow United Kingdom	2023
DC Connected Germany	–
dealcode SaaS · Germany	2021
Dogo Consumer · Estonia	2018
Eleos United Kingdom	–
FYTA Consumer · Germany	2021
getquin Fintech · Germany	2020
GlassDollar SaaS · Germany	2023
info.link Germany	–
Justhome PropTech · Germany	2022
Konvi Fintech · Germany	2022
nuvo SaaS · Germany	2022
Pickler Netherlands	–
Plan3t Fintech · Germany	2021
Positive Carbon ClimateTech · Ireland	2021
promiseQ AI/ML · Germany	2022
Qualifyze Business Services · Germany	2019
Sharpist HR Tech · Germany	2020
Stryza Software · Germany	2022
Track Titan Consumer · United Kingdom	2023
Unown E-commerce · Germany	2020
Vini Mini Netherlands	2024
VisioLab AI/ML · Germany	2020

Realized

7 exits

Company	Entry	Exit	Type	Buyer	MOIC
Bonnet Mobility · UK	2021	2023	Trade Sale	OVO Energy	–
Bonrepublic Software · Austria	2022	2024	Trade Sale	HRworks	–
eaze HealthTech · Germany	2023	2025	Trade Sale	BLACKROLL	–
Emmora Consumer · Germany	2019	2023	Trade Sale	Ahorn Gruppe	–
Framen TMT · Germany	2019	2020	Trade Sale	Axel Springer SE	–
Spike HealthTech · Lithuania	2024	2026	Trade Sale	Raintree Systems	–
tucan.ai Software · Germany	2020	2025	MBO	–	–

Frequently asked questions

What investment strategy does APX focus on?: APX focuses on VC strategies in the private equity space.
How many portfolio companies does APX have?: APX has 30 active portfolio companies and 7 completed exits and 1 fund tracked on GP Intel.
Where is APX headquartered?: APX is headquartered in Berlin, Germany.
What is APX's assets under management?: APX manages approximately €55M in assets under management.
When was APX founded?: APX was founded in 2018.
What sectors does APX invest in?: APX invests across TMT, Software, Consumer, Business Services, Healthcare.
What are APX's recent exits?: Recent realized exits by APX include: Spike (2026) to Raintree Systems; eaze (2025) to BLACKROLL; Bonrepublic (2024) to HRworks; Bonnet (2023) to OVO Energy; Emmora (2023) to Ahorn Gruppe; Framen (2020) to Axel Springer SE.