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Neuhaus Partners

Neuhaus Partners

Hamburg, Germany·Founded 1998··neuhauspartners.com

Neuhaus Partners is a Hamburg-based venture capital firm founded in 1998 by Dr. Gottfried Neuhaus, originally as Dr. Neuhaus Techno Nord VC. It backs early- and growth-stage high-technology companies across IT, internet, telecommunications, media and energy, providing capital plus operational coaching and networks from founding through to IPO or trade sale. Over its life it has invested in around 59 companies, led about 49 of them and realized roughly 32 exits, including Ricardo (Neuer Markt IPO), Next Kraftwerke (sold to Shell), MyHeritage (Francisco Partners) and Hornetsecurity. The firm is a BVK member and has raised three institutional fund generations.

AUM
–
Funds
3
vintages 1998–2007
Portfolio
0
Exits
17

Neuhaus Partners is a Hamburg venture capital firm with 17 exits.

Key takeaways
  • ·5 exits in the last 5 years · consistent DPI cadence.
  • ·Average hold across 17 realized deals: 8 years.
  • ·Fund cadence: ~5Y between vintages · last raise 2007.

Sector breakdown

17 companies
TMT
4 · 24%
Data & Analytics
2 · 12%
Business Services
2 · 12%
Cybersecurity
1 · 6%
ClimateTech
1 · 6%
Fintech
1 · 6%
HR Tech
1 · 6%
Telecom
1 · 6%

Geography breakdown

3 geographies
Germany
15 · 88%
Israel
1 · 6%
Netherlands
1 · 6%

Key facts

HQHamburg, Germany
Founded1998

Recent exits

Neuhaus Partners sold Searchmetrics GmbH to Conductor in 2023 after 13 years.

Neuhaus Partners sold softgarden e-recruiting GmbH to Investcorp in 2022 after 4 years.

Tolingo GmbH

Neuhaus Partners sold Tolingo GmbH to Jens Völkel in 2022 after 13 years.

Neuhaus Partners sold MyHeritage to Francisco Partners in 2021 after 14 years.

Coverage notes

3 funds tracked, 17 portfolio companies (0 active · 17 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

3 funds
Neuhaus III
VC2007€100M0 assets12 exits

Realized

12 exits
CompanyEntryExitTypeBuyerMOIC
apprupt GmbH
TMT · Germany
20082014Trade SaleOpera Software–
cellity AG
TMT · Germany
20072009Trade SaleNokia–
Content Fleet GmbH
TMT · Germany
20102015Trade SaleStroeer–
Emporis GmbH
Data & Analytics · Germany
20072020Trade SaleCoStar Group–
Hornetsecurity GmbH
Cybersecurity · Germany
20072016SecondaryVerdane–
MyHeritage
TMT · Israel
20072021SecondaryFrancisco Partners–
Next Kraftwerke GmbH
ClimateTech · Germany
20102021Trade SaleShell–
Searchmetrics GmbH
Data & Analytics · Germany
20102023SecondaryConductor–
smava GmbH
Fintech · Germany
20082016SecondaryVerdane–
softgarden e-recruiting GmbH
HR Tech · Germany
20182022SecondaryInvestcorp–
TESTROOM GmbH
Business Services · Germany
20112019Trade SaleStroeer–
Tolingo GmbH
Business Services · Germany
20092022MBOJens Völkel–
Dr. Neuhaus Techno Nord Fund II
VC2001€52M0 assets3 exits

Realized

3 exits
CompanyEntryExitTypeBuyerMOIC
blau Mobilfunk GmbH
Telecom · Germany
20052008Trade SaleKPN–
DocMorris N.V.
HealthTech · Netherlands
20002012Trade SaleZur Rose Group–
INTENIUM GmbH
Gaming · Germany
20052014Trade Salegamigo–
Dr. Neuhaus Techno Nord Fund I
VC1998€13M0 assets2 exits

Realized

2 exits
CompanyEntryExitTypeBuyerMOIC
novomind AG
SaaS · Germany
20002007MBO––
ricardo.de AG
E-commerce · Germany
19981999IPO––

Frequently asked questions

What investment strategy does Neuhaus Partners focus on?
Neuhaus Partners focuses on VC strategies in the private equity space.
How many portfolio companies does Neuhaus Partners have?
Neuhaus Partners has 17 completed exits and 3 funds tracked on GP Intel.
Where is Neuhaus Partners headquartered?
Neuhaus Partners is headquartered in Hamburg, Germany.
When was Neuhaus Partners founded?
Neuhaus Partners was founded in 1998.
What sectors does Neuhaus Partners invest in?
Neuhaus Partners invests across TMT, Software, Energy, Healthcare.
What are Neuhaus Partners's recent exits?
Recent realized exits by Neuhaus Partners include: Searchmetrics GmbH (2023) to Conductor; softgarden e-recruiting GmbH (2022) to Investcorp; Tolingo GmbH (2022) to Jens Völkel; MyHeritage (2021) to Francisco Partners; Next Kraftwerke GmbH (2021) to Shell; Emporis GmbH (2020) to CoStar Group; TESTROOM GmbH (2019) to Stroeer; Hornetsecurity GmbH (2016) to Verdane.
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Last updated August 2026 · Sourced from public filings · Report an issue