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Freigeist Capital

Freigeist Capital

Bonn, Germany·Founded 2017··freigeist.com

Freigeist Capital is a Bonn-based deep-tech seed venture capital firm founded by serial entrepreneur Frank Thelen (formerly operating as e42), investing its own balance-sheet capital in European founders at Seed and pre-Series A stages across AI, robotics, space, synthetic biology and energy, with a hands-on 360-degree operational support model. Best known as the first investor in Lilium, and an early backer of Wunderlist, Xentral, EnduroSat, RobCo and Kraftblock.

AUM
Funds
1
vintages 2017
Portfolio
16
Exits
3

Key facts

HQBonn, Germany
Founded2017
Employees8+

Recent exits

Scanbot SDK (doo)
Scanbot SDK (doo)
Software2025 · 14yr hold
Lilium
Mobility2021 · 5yr hold
Wunderlist (6Wunderkinder)
Software2015 · 5yr hold

Coverage notes

1 fund tracked, 19 portfolio companies (16 active · 3 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

19 companies
Software
8 · 42%
Biotech
2 · 11%
Mobility
2 · 11%
Consumer
1 · 5%
MedTech
1 · 5%
Deep Tech
1 · 5%
Energy
1 · 5%
Construction
1 · 5%

Funds & portfolio

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

1 fund
Freigeist Deep-Tech EvergreenEvergreenActive
2017 · 9yr16 active · 3 realized

Unrealized

16 held
air upActive
ConsumerGermany· Entry 2018
Akina
AkinaActive
MedTechSwitzerland· Entry 2025
BioThrustActive
BiotechGermany· Entry 2024
BUILD.ONE
Build.oneActive
SoftwareGermany· Entry 2021
Collie
CollieActive
SoftwareGermany· Entry 2025
EnduroSat
EnduroSatActive
Deep TechBulgaria· Entry 2020
Hardt
HardtActive
MobilityNetherlands· Entry 2019
Hole19
Hole19Active
SoftwarePortugal· Entry 2014
Kraftblock
KraftblockActive
EnergyGermany· Entry 2018
Leko LabsActive
ConstructionLuxembourg· Entry 2022
PitchActive
SoftwareGermany· Entry 2018
Prosion
ProsionActive
BiotechGermany· Entry 2022
RobCo
RobCoActive
IndustrialsGermany· Entry 2021
Smartlane
SmartlaneActive
LogisticsGermany· Entry 2019
SoftwareGermany· Entry 2024
Xentral
XentralActive
SoftwareGermany· Entry 2018

Realized

3 exits
LiliumExited 2021
MobilityGermany· Entry 2016
IPO
Scanbot SDK (doo)
Scanbot SDK (doo)Exited 2025
SoftwareGermany· Entry 2011
Trade Saleto
SoftwareGermany· Entry 2010
Trade Saleto
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Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Frank Thelen
Founder & CEO

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Last updated July 2026 · Sourced from public filings · Report an issue