DvH Ventures
DvH Ventures (Dieter von Holtzbrinck Ventures GmbH) is a Cologne-based early-stage venture capital firm founded in 2014 and backed by German publisher Dieter von Holtzbrinck. It is distinct from HV Capital (formerly Holtzbrinck Ventures). The firm invests up to about EUR 2 million in early-stage rounds, frequently as lead investor, across digital health, education, deep tech, fintech and climate tech, and complements cash with a media-for-equity programme using Holtzbrinck titles such as Handelsblatt, WirtschaftsWoche, DIE ZEIT and Tagesspiegel.
DvH Ventures is a Cologne venture capital firm with 31 active companies and 13 exits.
- ·9 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 13 realized deals: 6 years.
- ·Top sector focus: HealthTech (30% of portfolio).
- ·Fund cadence: ~2Y between vintages · last raise 2020.
Sector breakdown
44 companiesGeography breakdown
5 geographiesKey facts
Recent exits
DvH Ventures sold 35up to Sovendus in 2026 after 5 years.
DvH Ventures sold Masterplan to Amadeus Fire Group in 2025 after 8 years.
DvH Ventures sold Humanoo to TELUS Health in 2024 after 8 years.
DvH Ventures sold ndgit to Finch Capital in 2023 after 6 years.
Coverage notes
4 funds tracked, 44 portfolio companies (31 active · 13 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund DvH Ventures has raised, with its portfolio companies. Hand-checked from public filings.
DvH Ventures Fund IV (Digital Health Fund)Healthcare2020€70M14 assetsHealthcare2020 · 6yr€70M14–
Unrealized
14 held| Company | Entry |
|---|---|
| Broken String Biotech · Germany | 2021 |
| Caera HealthTech · Germany | 2023 |
| Dermanostic HealthTech · Germany | 2025 |
| Dr. Vivien Karl HealthTech · Germany | 2023 |
| eNote TMT · Germany | 2023 |
| HealthCaters HealthTech · Germany | 2021 |
| HelloBetter HealthTech · Germany | 2025 |
| Honic HealthTech · Germany | 2022 |
| Juli HealthTech · US | 2022 |
| Okko Health HealthTech · UK | 2022 |
| OneTwenty HealthTech · Switzerland | 2023 |
| Qunomedical HealthTech · Germany | 2022 |
| Tuktoro EdTech · Germany | 2024 |
| Virtonomy HealthTech · Germany | 2021 |
DvH Ventures Fund III (Digital Tech Fund)ActiveEvergreen20179 assets4 exitsEvergreen2017 · 9yr–94
Unrealized
9 held| Company | Entry |
|---|---|
| buynomics Software · Germany | 2019 |
| ekko Software · Germany | 2021 |
| Giftlyst SaaS · Germany | 2022 |
| LiveEO Data & Analytics · Germany | 2020 |
| Meet Pablo Consumer · Germany | 2019 |
| Nect Cybersecurity · Germany | 2018 |
| Polyteia Software · Germany | 2021 |
| Scrolly.com SaaS · Germany | 2023 |
| StudySmarter EdTech · Germany | 2020 |
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| 35up Software · Germany | 2021 | 2026 | Trade Sale | Sovendus | – |
| Masterplan EdTech · Germany | 2017 | 2025 | Trade Sale | Amadeus Fire Group | – |
| ndgit Fintech · Germany | 2017 | 2023 | Trade Sale | Finch Capital | – |
| Smacc Fintech · Germany | 2016 | 2023 | MBO | SMACC Holding GmbH | – |
DvH Ventures Fund IIActiveEvergreen20155 assets3 exitsEvergreen2015 · 11yr–53
Unrealized
5 held| Company | Entry |
|---|---|
| Cashpresso Fintech · Austria | 2017 |
| Entrafin Fintech · Germany | 2016 |
| Liqid Fintech · Germany | 2016 |
| mymoria Consumer · Germany | 2018 |
| OptioPay Fintech · Germany | 2016 |
DvH Ventures Fund IActiveEvergreen20143 assets6 exitsEvergreen2014 · 12yr–36
Unrealized
3 held| Company | Entry |
|---|---|
| Lendstar Fintech · Germany | 2015 |
| MoneyMeets Fintech · Germany | 2014 |
| Passt24 Fintech · Germany | 2014 |
Realized
6 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Classiqs Consumer · Germany | 2014 | 2016 | Trade Sale | ZEIT Kunstverlag | – |
| Compeon Fintech · Germany | 2014 | 2022 | Trade Sale | Dock Financial | – |
| Firmen ABC Software · Austria | 2014 | 2023 | Trade Sale | Invest AG and ILAG | – |
| Sanubi HealthTech · Germany | 2015 | 2021 | Trade Sale | Schuelke (EQT) | – |
| Savedo Fintech · Germany | 2014 | 2017 | Trade Sale | Deposit Solutions | – |
| StudyDrive EdTech · Germany | 2015 | 2019 | Trade Sale | StepStone (Axel Springer) | – |
Frequently asked questions
- What investment strategy does DvH Ventures focus on?
- DvH Ventures focuses on VC strategies in the private equity space.
- How many portfolio companies does DvH Ventures have?
- DvH Ventures has 31 active portfolio companies and 13 completed exits and 4 funds tracked on GP Intel.
- Where is DvH Ventures headquartered?
- DvH Ventures is headquartered in Cologne, Germany.
- When was DvH Ventures founded?
- DvH Ventures was founded in 2014.
- What sectors does DvH Ventures invest in?
- DvH Ventures invests across Healthcare, Software, TMT, Financials, Business Services.
- What are DvH Ventures's recent exits?
- Recent realized exits by DvH Ventures include: 35up (2026) to Sovendus; Masterplan (2025) to Amadeus Fire Group; Humanoo (2024) to TELUS Health; ndgit (2023) to Finch Capital; SMACC (2023) to SMACC Holding GmbH; Firmen ABC (2023) to Invest AG and ILAG; Compeon (2022) to Dock Financial; Hypatos (2021) to DN Capital.
Similar firms
Other private equity firms tracked on GP Intel.
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