What investment strategy does CommerzVentures focus on?

CommerzVentures focuses on VC, Growth strategies in the private equity space.

How many portfolio companies does CommerzVentures have?

CommerzVentures has 32 active portfolio companies and 4 completed exits and 3 funds tracked on GP Intel.

Where is CommerzVentures headquartered?

CommerzVentures is headquartered in Frankfurt, Germany.

What is CommerzVentures's assets under management?

CommerzVentures manages approximately €550M in assets under management.

When was CommerzVentures founded?

CommerzVentures was founded in 2014.

What sectors does CommerzVentures invest in?

CommerzVentures invests across Financials, TMT, Software.

What are CommerzVentures's recent exits?

Recent realized exits by CommerzVentures include: Curv (2021) to PayPal; Payworks (2019) to Visa.

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CommerzVentures

Frankfurt, Germany·Founded 2014·

Venture Capital Growth Equity

·commerzventures.com

CommerzVentures is a Frankfurt-based venture capital firm founded in 2014 as the corporate venture arm of Commerzbank, becoming an independent investment manager in 2019. It backs early- and growth-stage fintech, insurtech and climate-fintech companies across Europe, Israel, the USA and Africa, typically leading Series A rounds. The firm manages EUR 550M across three funds and its track record includes decacorn exits eToro and Marqeta.

AUM

€550M

Funds

vintages 2014–2022

Portfolio

Exits

CommerzVentures is a Frankfurt venture capital firm with €550M AUM, 32 active companies and 4 exits.

SectorsFinancials TMT Software

Key takeaways

·3 exits in the last 5 years · consistent DPI cadence.
·Average hold across 4 realized deals: 5 years.
·Top sector focus: Fintech (56% of portfolio).
·Fund cadence: ~4Y between vintages · last raise 2022.

Sector breakdown

36 companies

Fintech

20 · 56%

Software

7 · 19%

SaaS

3 · 8%

InsurTech

3 · 8%

E-commerce

1 · 3%

HealthTech

1 · 3%

ClimateTech

1 · 3%

Geography breakdown

10 geographies

13 · 36%

Germany

9 · 25%

Sweden

3 · 8%

Israel

3 · 8%

France

2 · 6%

Egypt

1 · 3%

Nigeria

1 · 3%

Key facts

HQFrankfurt, Germany

Founded2014

Employees12+

Websitecommerzventures.com

Recent exits

CommerzVentures took eToro public in 2025 after 10 years.

CommerzVentures sold Curv to PayPal in 2021 after 1 year.

CommerzVentures took Marqeta public in 2021 after 6 years.

CommerzVentures sold Payworks to Visa in 2019 after 1 year.

Coverage notes

3 funds tracked, 36 portfolio companies (32 active · 4 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

3 funds

Fund

Strategy

Vintage

Size

Assets

Exits

CommerzVentures Fund III

VC2022€300M16 assets

2022 · 4yr

€300M

–

Unrealized

16 held

Company	Entry
Carbmee Software · Germany	2024
Cledara SaaS · UK	2022
Climate-X Software · UK	2022
Deblock Fintech · France	2025
Elwood Fintech · UK	2022
Finbourne Fintech · UK	2024
FlockCover Fintech · UK	2023
Gradient Labs Software · UK	2026
Helu SaaS · Germany	2022
Lemon Markets Fintech · Germany	2024
MoneyFellows Fintech · Egypt	2022
Sabi E-commerce · Nigeria	2023
Sunhat Software · Germany	2025
Tuum SaaS · Estonia	2024
Unique Software · Switzerland	2025
Volt Fintech · UK	2022

CommerzVentures Fund II

VC2019€150M10 assets1 exits

2019 · 7yr

€150M

Unrealized

10 held

Company	Entry
Afilio HealthTech · Germany	2021
Alviere Fintech · US	2021
ByMiles Fintech · UK	2020
ClimateView ClimateTech · Sweden	2021
Doconomy Fintech · Sweden	2021
Hedvig InsurTech · Sweden	2020
Mosaics Fintech · UK	2019
Omnius Software · Germany	2020
Onafriq Fintech · UK	2021
Runa Fintech · UK	2021

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Curv Fintech · Israel	2020	2021	Trade Sale	PayPal	–

CommerzVentures Fund I

VC2014€100M6 assets3 exits

2014 · 12yr

€100M

Unrealized

6 held

Company	Entry
Bankin Fintech · France	2016
GetSafe InsurTech · Germany	2015
iwoca Fintech · UK	2015
Mambu Fintech · Germany	2016
ManyPets InsurTech · UK	2018
OpenLegacy Software · Israel	2018

Realized

3 exits

Company	Entry	Exit	Type	Buyer	MOIC
eToro Fintech · Israel	2015	2025	IPO	–	–
Marqeta Fintech · US	2015	2021	IPO	–	–
Payworks Fintech · Germany	2018	2019	Trade Sale	Visa	–

Frequently asked questions

What investment strategy does CommerzVentures focus on?: CommerzVentures focuses on VC, Growth strategies in the private equity space.
How many portfolio companies does CommerzVentures have?: CommerzVentures has 32 active portfolio companies and 4 completed exits and 3 funds tracked on GP Intel.
Where is CommerzVentures headquartered?: CommerzVentures is headquartered in Frankfurt, Germany.
What is CommerzVentures's assets under management?: CommerzVentures manages approximately €550M in assets under management.
When was CommerzVentures founded?: CommerzVentures was founded in 2014.
What sectors does CommerzVentures invest in?: CommerzVentures invests across Financials, TMT, Software.
What are CommerzVentures's recent exits?: Recent realized exits by CommerzVentures include: Curv (2021) to PayPal; Payworks (2019) to Visa.