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Heliad AG

Heliad AG

Frankfurt am Main, Germany·Founded 2003··heliad.com

Heliad AG is a Frankfurt-listed evergreen investment holding (ticker A7A, ISIN DE0001218063) that invests directly from its balance sheet into fast-growing European technology companies from pre-seed through post-IPO. It was created in October 2023 when the former FinLab AG (inception 2003) absorbed Heliad Equity Partners GmbH & Co. KGaA and renamed itself Heliad AG, lifting NAV to roughly EUR 150m. The evergreen structure lets it hold positions free of fund life cycles; its book spans listed holdings such as flatexDEGIRO and private stakes including Raisin, Enpal and Nelly, with NAV of about EUR 188.8m at end-2024. Early-stage deal flow is sourced via its Collective Ventures unit acquired in 2024.

AUM
€189M
Funds
1
vintages 2003
Portfolio
32
Exits
0

Key facts

HQFrankfurt am Main, Germany
Founded2003
Websiteheliad.com

Recent exits

No exits recorded yet.

Coverage notes

1 fund tracked, 32 portfolio companies (32 active · 0 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

32 companies
Fintech
10 · 31%
Software
5 · 16%
Healthcare
3 · 9%
Deep Tech
2 · 6%
Consumer
2 · 6%
Energy
2 · 6%
SaaS
2 · 6%
Cybersecurity
1 · 3%

Funds & portfolio

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

1 fund
Heliad Evergreen HoldingsEvergreenActive
2003 · 23yr€189M32 active

Unrealized

32 held
AI21 LabsActive
Deep TechIsrael· Entry 2023
CybersecurityBelgium· Entry 2025
Albacore
AlbacoreActive
IndustrialsGermany· Entry 2025
ARX RoboticsActive
Deep TechGermany· Entry 2025
askLioActive
SoftwareGermany· Entry 2023
bunch
bunchActive
FintechGermany· Entry 2023
BURNHARD
BurnhardActive
ConsumerGermany· Entry 2021
CLARK
ClarkActive
FintechGermany· Entry 2021
DecartActive
SoftwareIsrael· Entry 2025
encosa
encosaActive
EnergyGermany· Entry 2024
Enpal
EnpalActive
EnergyGermany· Entry 2021
FINNActive
MobilityGermany· Entry 2022
flatexDEGIROActive
FintechGermany· Entry 2013
SoftwareGermany· Entry 2023
Freshbooks
FreshbooksActive
SaaSCanada· Entry 2017
GaiaActive
HealthcareUnited Kingdom· Entry 2025
GeneralMind
GeneralMindActive
SoftwareGermany· Entry 2026
Invesdor
InvesdorActive
FintechFinland· Entry 2015
Klarna
KlarnaActive
FintechSweden· Entry 2021
Kraken
KrakenActive
FintechUnited States· Entry 2021
FintechGermany· Entry 2024
ModifiActive
FintechGermany· Entry 2021
NellyActive
HealthcareGermany· Entry 2022
NewtonXActive
SaaSUnited States· Entry 2021
Podimo
PodimoActive
TMTDenmark· Entry 2021
Raisin
RaisinActive
FintechGermany· Entry 2015
Razor GroupActive
E-commerceGermany· Entry 2021
StratifAI
StratifAIActive
HealthcareGermany· Entry 2025
TanganyActive
FintechGermany· Entry 2025
Tonies
ToniesActive
ConsumerGermany· Entry 2021
WorkMotion
WorkMotionActive
SoftwareGermany· Entry 2022
LogisticsGermany· Entry 2021
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Last updated July 2026 · Sourced from public filings · Report an issue