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Marondo Capital

Marondo Capital

Munich, Germany·Founded 2016··marondo.com

Marondo Capital is a Munich-based growth-equity investor founded in 2016 that backs profitable technology SMEs (Hidden Champions) in the DACH region through its Marondo Small-Cap Growth Fund I, writing tickets of EUR 5-15 million into software, healthcare-IT, cybersecurity and e-commerce companies. The firm has since repositioned toward dual-use, defence and critical-infrastructure technology and is raising a larger second fund around that thesis. It has offices in Munich and Stuttgart and is backed by institutional LPs including the European Investment Fund.

AUM
€75M
Funds
1
vintages 2018
Portfolio
7
Exits
1
SectorsSoftwareHealthcareBusiness ServicesTMT

Key facts

HQMunich, Germany
Founded2016

Recent exits

Datavard AG
Software · 2021 · 2yr hold

Coverage notes

1 fund tracked, 8 portfolio companies (7 active · 1 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

1 fund
Marondo Small-Cap Growth Fund IGrowth
2018 · 8yr€72M7 active · 1 realized

Unrealized

7 held
Business ServicesGermany· Entry 2022
HealthcareGermany· Entry 2021
E-commerceGermany· Entry 2019
rooom AGActive
SoftwareGermany· Entry 2023
SPH AGActive
SoftwareGermany· Entry 2023
TMTGermany· Entry 2022
HealthcareGermany· Entry 2021

Realized

1 exit
Datavard AGExited 2021
SoftwareGermany· Entry 2019
Trade Saleto
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Last updated July 2026 · Sourced from public filings