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Gruenderfonds Ruhr

Gruenderfonds Ruhr

Gruenderfonds Ruhr is an Essen-based early-stage venture capital investor founded in 2017 by Initiativkreis Ruhr and NRW.BANK as the first privately financed seed fund for the Ruhr region. It backs seed and pre-seed B2B tech startups in life sciences, MedTech, cybersecurity, industrial tech and energy, primarily in the Ruhr area with up to a quarter of capital deployable across Germany. It now runs three vehicles managed by its own manager Ruhrgruender Management GmbH: Fund I (2017, EUR 34.5M), Fund II (2024, EUR 31M) and the pre-seed initiative GF BRYCK Ventures (2025).

AUM
€76M
Funds
3
vintages 2017–2025
Portfolio
17
Exits
2

Key facts

HQEssen, Germany
Founded2017
Employees7+

Recent exits

Masterplan
Masterplan
Software2025 · 5yr hold
Emergence Therapeutics
Biotech2023 · 4yr hold

Coverage notes

3 funds tracked, 19 portfolio companies (17 active · 2 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

19 companies
Biotech
4 · 21%
Software
3 · 16%
Energy
3 · 16%
Cybersecurity
3 · 16%
Industrials
3 · 16%
MedTech
2 · 11%
Deep Tech
1 · 5%

Funds & portfolio

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

3 funds
GF BRYCK VenturesVC
2025 · 1yr€10M6 active

Unrealized

6 held
2NA FishActive
BiotechGermany· Entry 2026
SoftwareGermany· Entry 2025
EnergyGermany· Entry 2025
EnergyGermany· Entry 2025
reltixActive
SoftwareGermany· Entry 2026
Deep TechGermany· Entry 2025
Gruenderfonds Ruhr IIVC
2024 · 2yr€31M3 active

Unrealized

3 held
CyberDesk
CyberDeskActive
CybersecurityGermany· Entry 2026
EnergyGermany· Entry 2025
BiotechGermany· Entry 2025
Gruenderfonds Ruhr IVC
2017 · 9yr€35M8 active · 2 realized

Unrealized

8 held
BiotechGermany· Entry 2019
Advosense
AdvosenseActive
MedTechGermany· Entry 2020
DIMATE
DimateActive
IndustrialsGermany· Entry 2019
fasciotens
fasciotensActive
MedTechGermany· Entry 2018
LidrotecActive
IndustrialsGermany· Entry 2022
Spherity
SpherityActive
CybersecurityGermany· Entry 2022
IndustrialsGermany· Entry 2018
VMRay
VMRayActive
CybersecurityGermany· Entry 2022

Realized

2 exits
BiotechGermany· Entry 2019
Trade Saleto
Masterplan
MasterplanExited 2025
SoftwareGermany· Entry 2020
Trade Saleto
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Last updated July 2026 · Sourced from public filings · Report an issue