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Athos

Athos

Munich, Germany·Founded 2001··athos-kg.de

Athos (ATHOS KG / Athos Service GmbH) is the Munich-based single-family office and direct-investment arm of twins Andreas and Thomas Struengmann, who founded generics maker Hexal and sold it to Novartis in 2005. Structured as an ATON-style evergreen balance-sheet holding, Athos invests permanent capital directly into life sciences, biotech and technology companies, most famously as BioNTech founding investor. It backs entrepreneurial, science-led teams across drug development, biomanufacturing, gene therapy and digital health, and also holds selective industrial and clean-tech positions such as its hearing-aid and solar-wafer investments.

AUM
€20.0B
Funds
1
vintages 2001
Portfolio
12
Exits
2

Key facts

HQMunich, Germany
Founded2001

Recent exits

Tubulis
Tubulis
Biotech2026 · 4yr hold
Ganymed Pharmaceuticals
Biotech2016 · 15yr hold

Coverage notes

1 fund tracked, 14 portfolio companies (12 active · 2 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

14 companies
Biotech
11 · 79%
Fintech
1 · 7%
Energy
1 · 7%
MedTech
1 · 7%

Funds & portfolio

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

1 fund
Athos Evergreen Life SciencesEvergreenActive
2001 · 25yr€20.0B12 active · 2 realized

Unrealized

12 held
BiotechItaly· Entry 2025
AiCuris
AiCurisActive
BiotechGermany· Entry 2006
AMSilkActive
BiotechGermany· Entry 2025
AntheiaActive
BiotechUS· Entry 2025
BiotechUS· Entry 2025
BioNTech
BioNTechActive
BiotechGermany· Entry 2008
Doctolib
DoctolibActive
FintechFrance· Entry 2026
Formycon
FormyconActive
BiotechGermany· Entry 2022
Immatics
ImmaticsActive
BiotechGermany· Entry 2020
BiotechGermany· Entry 2021
NexWafe
NexWafeActive
EnergyGermany· Entry 2023
Sivantos
SivantosActive
MedTechGermany· Entry 2015

Realized

2 exits
BiotechGermany· Entry 2001
Trade Saleto
Tubulis
TubulisExited 2026
BiotechGermany· Entry 2022
Trade Saleto
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Last updated August 2026 · Sourced from public filings · Report an issue