What investment strategy does Holtzbrinck Digital focus on?

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

How many portfolio companies does Holtzbrinck Digital have?

Holtzbrinck Digital has 10 active portfolio companies and 10 completed exits and 1 fund tracked on GP Intel.

Where is Holtzbrinck Digital headquartered?

Holtzbrinck Digital is headquartered in Munich, Germany.

When was Holtzbrinck Digital founded?

Holtzbrinck Digital was founded in 2010.

What sectors does Holtzbrinck Digital invest in?

Holtzbrinck Digital invests across TMT, Software, Healthcare, Business Services.

What are Holtzbrinck Digital's recent exits?

Recent realized exits by Holtzbrinck Digital include: BioData (Labguru) (2024) to Battery Ventures; Likeminded (2024) to nilo; Searchmetrics (2023) to Conductor; pflege.de (2021) to Paul Hartmann; gutefrage.net (2020) to United Vertical Media; NetDoktor.de (2019) to Hubert Burda Media; iversity (2017) to Springer Nature; MyHammer (2016) to HomeAdvisor (IAC).

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Holtzbrinck Digital

Munich, Germany·Founded 2010·

Venture Capital Growth Equity

·holtzbrinck.digital

Holtzbrinck Digital is the Munich-based digital investment and venture arm of the Georg von Holtzbrinck publishing family, founded in 2010. Operating as an evergreen balance-sheet CVC (styled a Digital VC for Science, Content and Education), it makes early-stage and growth equity investments in digital science, digital education and digital content businesses, and also acts as an LP in third-party VC funds. It reports more than EUR 500 million of cumulative capital invested, roughly 20 active portfolio companies and 18 realised exits, and its holdings include Digital Science, Frontiers, AMBOSS, Inkitt and (until 2024) Labguru.

AUM

–

Funds

vintages 2010

Portfolio

Exits

Holtzbrinck Digital is a Munich venture capital firm with 10 active companies and 10 exits.

SectorsTMT Software Healthcare Business Services

Key takeaways

·4 exits in the last 5 years · consistent DPI cadence.
·Average hold across 10 realized deals: 9 years.

Sector breakdown

20 companies

HealthTech

4 · 20%

TMT

4 · 20%

E-commerce

3 · 15%

Data & Analytics

2 · 10%

Healthcare

2 · 10%

SaaS

1 · 5%

Biotech

1 · 5%

EdTech

1 · 5%

Geography breakdown

5 geographies

Germany

16 · 80%

Israel

1 · 5%

Switzerland

1 · 5%

Key facts

HQMunich, Germany

Founded2010

Employees12+

Websiteholtzbrinck.digital

Recent exits

Holtzbrinck Digital sold BioData (Labguru) to Battery Ventures in 2024 after 14 years.

Holtzbrinck Digital sold Likeminded to nilo in 2024 after 1 year.

Holtzbrinck Digital sold Searchmetrics to Conductor in 2023 after 16 years.

Holtzbrinck Digital sold pflege.de to Paul Hartmann in 2021 after 1 year.

Coverage notes

1 fund tracked, 20 portfolio companies (10 active · 10 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

Holtzbrinck Digital Balance SheetActive

Evergreen2010€500M10 assets10 exits

Evergreen

2010 · 16yr

€500M

Unrealized

10 held

Company	Entry
Amboss HealthTech · Germany	2016
bettermarks SaaS · Germany	2012
Digital Science Data & Analytics · UK	2010
epubli TMT · Germany	2008
Frontiers TMT · Switzerland	2013
Inkitt E-commerce · Germany	2021
Lecturio Software · Germany	2021
neobooks TMT · Germany	2010
nilo HealthTech · Germany	2023
TetraScience HealthTech · US	2016

Realized

10 exits

Company	Entry	Exit	Type	Buyer	MOIC
BioData (Labguru) Biotech · Israel	2010	2024	Secondary	Battery Ventures	–
gutefrage.net TMT · Germany	2006	2020	Trade Sale	United Vertical Media	–
iversity EdTech · Germany	2016	2017	Trade Sale	Springer Nature	–
Likeminded HealthTech · Germany	2023	2024	Trade Sale	nilo	–
MyHammer E-commerce · Germany	2007	2016	Trade Sale	HomeAdvisor (IAC)	–
NetDoktor.de Healthcare · Germany	2007	2019	Trade Sale	Hubert Burda Media	–
Parship Consumer · Germany	2001	2015	Secondary	Oakley Capital	–
pflege.de Healthcare · Germany	2020	2021	Trade Sale	Paul Hartmann	–
Searchmetrics Data & Analytics · Germany	2007	2023	Trade Sale	Conductor	–
StudiVZ E-commerce · Germany	2007	2012	Secondary	Vert Capital	–

Frequently asked questions

What investment strategy does Holtzbrinck Digital focus on?: Holtzbrinck Digital focuses on VC, Growth strategies in the private equity space.
How many portfolio companies does Holtzbrinck Digital have?: Holtzbrinck Digital has 10 active portfolio companies and 10 completed exits and 1 fund tracked on GP Intel.
Where is Holtzbrinck Digital headquartered?: Holtzbrinck Digital is headquartered in Munich, Germany.
When was Holtzbrinck Digital founded?: Holtzbrinck Digital was founded in 2010.
What sectors does Holtzbrinck Digital invest in?: Holtzbrinck Digital invests across TMT, Software, Healthcare, Business Services.
What are Holtzbrinck Digital's recent exits?: Recent realized exits by Holtzbrinck Digital include: BioData (Labguru) (2024) to Battery Ventures; Likeminded (2024) to nilo; Searchmetrics (2023) to Conductor; pflege.de (2021) to Paul Hartmann; gutefrage.net (2020) to United Vertical Media; NetDoktor.de (2019) to Hubert Burda Media; iversity (2017) to Springer Nature; MyHammer (2016) to HomeAdvisor (IAC).