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Picus Capital

Picus Capital

Munich, Germany·Founded 2015··picuscap.com

Picus Capital is a Munich-based early-stage technology venture firm founded in 2015 by Alexander Samwer, Jeremias Heinrich and Robin Godenrath, investing at pre-seed, seed and Series A across fintech, HR software, energy and climate, healthcare, mobility, proptech and deeptech. It began as a privately financed balance-sheet investor (Samwer-linked capital) and later added external commingled venture funds, reaching in excess of EUR 1.5bn AUM across the group with more than 200 portfolio companies in over 20 countries, including unicorns Personio, Enpal, Deel and Clara. The firm typically becomes the first institutional backer and stays closely involved through multiple rounds, with offices in Munich, Berlin, London, New York, Sao Paulo, Stockholm and Bangalore.

AUM
€1.5B
Funds
3
vintages 1991–2024
Portfolio
25
Exits
5

Key facts

HQMunich, Germany
Founded2015
Employees50+

Recent exits

Codegen
Codegen
AI/ML2025 · 2yr hold
Conduit Tech
Conduit Tech
ClimateTech2025 · 2yr hold
Paytron
Fintech2023 · 2yr hold
Naborly
PropTech2022 · 6yr hold

Coverage notes

3 funds tracked, 30 portfolio companies (25 active · 5 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

30 companies
Fintech
9 · 30%
Software
5 · 17%
ClimateTech
5 · 17%
PropTech
3 · 10%
AI/ML
2 · 7%
Healthcare
1 · 3%
Construction
1 · 3%
Mobility
1 · 3%

Funds & portfolio

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

3 funds
Picus Venture Fund IIVC
2024 · 2yr€250M3 active

Unrealized

3 held
LandbaseActive
SoftwareUS· Entry 2024
SmartSolar
SmartSolarActive
ClimateTechVietnam· Entry 2025
XO MarketActive
FintechUS· Entry 2026
Picus Venture Fund IVC
2021 · 5yr€100M1 active · 3 realized

Unrealized

1 held
CeezerActive
SoftwareGermany· Entry 2021

Realized

3 exits
Codegen
CodegenExited 2025
AI/MLUS· Entry 2023
Trade Saleto
Conduit Tech
Conduit TechExited 2025
ClimateTechUS· Entry 2023
Trade Saleto
PaytronExited 2023
FintechAustralia· Entry 2021
Trade Saleto
Picus Capital Evergreen (Balance Sheet)EvergreenActive
1991 · 35yr21 active · 2 realized

Unrealized

21 held
Alasco
AlascoActive
SoftwareGermany· Entry 2018
Avi MedicalActive
HealthcareGermany· Entry 2020
Billie
BillieActive
FintechGermany· Entry 2017
ConstructionGermany· Entry 2016
Casavo
CasavoActive
PropTechItaly· Entry 2017
Clara
ClaraActive
FintechMexico· Entry 2021
Enpal
EnpalActive
ClimateTechGermany· Entry 2017
FINNActive
MobilityGermany· Entry 2019
Hawk AIActive
FintechGermany· Entry 2018
Kamino
KaminoActive
FintechBrazil· Entry 2022
KlarityActive
AI/MLUS· Entry 2018
Lendis
LendisActive
SaaSGermany· Entry 2018
Limehome
LimehomeActive
ConsumerGermany· Entry 2018
Miscusi
MiscusiActive
FoodTechItaly· Entry 2018
ModifiActive
FintechGermany· Entry 2018
PersonioActive
SoftwareGermany· Entry 2016
Sudo Africa
Sudo AfricaActive
FintechNigeria· Entry 2022
Tanso
TansoActive
ClimateTechGermany· Entry 2021
TerralayrActive
ClimateTechGermany· Entry 2024
WeRize
WeRizeActive
FintechIndia· Entry 2021
WorkMotion
WorkMotionActive
SoftwareGermany· Entry 2020

Realized

2 exits
NaborlyExited 2022
PropTechCanada· Entry 2016
Trade Saleto
PropriooExited 2022
PropTechFrance· Entry 2017
Trade Saleto
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Last updated July 2026 · Sourced from public filings · Report an issue