matterwave

About matterwave

Matterwave Ventures, operating as Matterwave Ventures Management GmbH, is an independent European venture capital firm headquartered in Munich, Germany. Founded in 2021 and operationally launched in early 2022 as a spin-out of the industrial-tech practice from btov Partners, the firm manages approximately €250 million in assets under management as of December 2024. It runs a primary venture capital fund vehicle plus follow-on capacity, with limited partner commitments including the European Investment Fund. The firm is structured as a German GmbH-managed limited partnership fund, with a portfolio of more than 20 active companies. Matterwave positions itself as a backer of a sovereign, digitalised and decarbonised European industrial base.

Investment thesis

Matterwave Ventures pursues an early-stage venture capital strategy investing at seed and Series A, with initial cheques of roughly €1 to €4 million and reserves for follow-on rounds. The firm organises around three thematic pillars: Industrial Tech covering the digital transformation of industry, Deep Tech covering frontier and sovereign technologies including quantum, semiconductors, photonics, robotics, sensors, IoT and industrial automation, and Climate Tech covering industrial decarbonisation and energy generation and storage. Geography is pan-European with selective US exposure, with investments across roughly 12 countries. The limited partner base is institutional and public-anchored, notably including the European Investment Fund. Value creation rests on deep industrial-technology operating expertise, a focus on hardware-plus-software companies serving real industrial customers, and hands-on company-building from the seed stage.

Recent activity

Recent investments include Infinite Orbits in space technology (2024), Optimuse in industrial software (2024 follow-on), Ask for the Moon in industrial AI (2024) and Roseman Labs in data and software (2023). The firm made 11 investments in 2024. Recent exits include BigRep in industrial 3D printing and additive manufacturing, which listed on the Frankfurt Stock Exchange in 2024. The platform continues to deploy seed and Series A capital across industrial technology, deep tech and climate tech in European markets.

Frequently asked questions

What investment strategy does matterwave focus on?

matterwave focuses on VC strategies in the private equity space.

How many portfolio companies does matterwave have?

matterwave has 37 active portfolio companies and 6 completed exits and 2 funds tracked on GP Intel.

Where is matterwave headquartered?

matterwave is headquartered in Munich, Germany.

What is matterwave's assets under management?

matterwave manages approximately €250M in assets under management.

When was matterwave founded?

matterwave was founded in 2021.

What sectors does matterwave invest in?

matterwave invests across Industrials, TMT, Energy, Software.

What are matterwave's recent exits?

Recent realized exits by matterwave include: Ikerian (2025) to EssilorLuxottica; BigRep (2024) to SMG Technology Acceleration SE; eperi (2022) to Equistone Partners Europe; GNA Biosolutions (2021) to HP; ROMO Wind (2020) to Nabla Wind Hub; Nanda Technologies (2011) to Nanometrics.