What investment strategy does Possible Ventures focus on?

Possible Ventures focuses on VC strategies in the private equity space.

How many portfolio companies does Possible Ventures have?

Possible Ventures has 20 active portfolio companies and 1 completed exit and 3 funds tracked on GP Intel.

Where is Possible Ventures headquartered?

Possible Ventures is headquartered in Munich, Germany.

What is Possible Ventures's assets under management?

Possible Ventures manages approximately €130M in assets under management.

When was Possible Ventures founded?

Possible Ventures was founded in 2013.

What sectors does Possible Ventures invest in?

Possible Ventures invests across TMT, Software, Healthcare, Energy, Industrials.

What are Possible Ventures's recent exits?

Recent realized exits by Possible Ventures include: Cognigy (2025) to NiCE.

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Possible Ventures

Munich, Germany·Founded 2013·

Venture Capital

·possible.ventures

Possible Ventures is a Munich-based pre-seed and seed venture capital firm founded in 2013 by Australian serial entrepreneur Chris Hitchen (originally under the name Inventures, rebranded to Possible Ventures). The firm backs mission-driven teams using frontier technology across climate, energy, health and society, writing average tickets of EUR 250k-500k and taking small ownership stakes (around 5 percent) without board seats. It has raised three funds (a 2019 EUR 10m first fund, a 2021 EUR 60m second fund and a EUR 60m-target third fund from 2023), backing more than 130 portfolio companies globally, with a network of 200-plus LPs and 300-plus founders. Its best-known early win was a pre-seed cheque into Sorare, whose 2021 Series B repaid roughly half of the debut fund within twelve months.

AUM

€130M

Funds

vintages 2019–2023

Portfolio

Exits

Possible Ventures is a Munich venture capital firm with €130M AUM, 20 active companies and 1 exit.

SectorsTMT Software Healthcare Energy Industrials

Key takeaways

·Top sector focus: ClimateTech (33% of portfolio).
·Fund cadence: ~2Y between vintages · last raise 2023.

Sector breakdown

21 companies

ClimateTech

7 · 33%

Deep Tech

3 · 14%

Biotech

3 · 14%

SaaS

2 · 10%

Gaming

2 · 10%

Aerospace & Defence

1 · 5%

HealthTech

1 · 5%

Industrials

1 · 5%

Geography breakdown

5 geographies

Germany

12 · 57%

4 · 19%

Australia

3 · 14%

1 · 5%

France

1 · 5%

Key facts

HQMunich, Germany

Founded2013

Employees4+

Websitepossible.ventures

Recent exits

Possible Ventures sold Cognigy to NiCE in 2025 after 6 years.

Coverage notes

3 funds tracked, 21 portfolio companies (20 active · 1 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

3 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Possible Ventures Fund III

VC2023€60M9 assets

2023 · 3yr

€60M

–

Unrealized

9 held

Company	Entry
Automata Deep Tech · UK	2023
Chemify Deep Tech · UK	2023
Coherence Neuro Biotech · UK	2025
Cosmic Aerospace Aerospace & Defence · US	2024
Heidi Health HealthTech · Australia	2023
HyperHeat ClimateTech · Germany	2024
Insempra Biotech · Germany	2024
Orbem Deep Tech · Germany	2023
Telura Energy ClimateTech · Germany	2025

Possible Ventures Fund II

VC2021€60M10 assets

2021 · 5yr

€60M

–

Unrealized

10 held

Company	Entry
AnyDesk SaaS · Germany	2021
Heyflow SaaS · Germany	2021
Immutable Gaming · Australia	2022
Marvel Fusion ClimateTech · Germany	2022
Modern Synthesis Biotech · UK	2022
Reverion ClimateTech · Germany	2022
Tanso ClimateTech · Germany	2021
tozero ClimateTech · Germany	2022
Uluu ClimateTech · Australia	2022
Yuri Industrials · Germany	2021

Possible Ventures Fund I

VC2019€10M1 assets1 exits

2019 · 7yr

€10M

Unrealized

1 held

Company	Entry
Sorare Gaming · France	2019

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Cognigy AI/ML · Germany	2019	2025	Trade Sale	NiCE	–

Frequently asked questions

What investment strategy does Possible Ventures focus on?: Possible Ventures focuses on VC strategies in the private equity space.
How many portfolio companies does Possible Ventures have?: Possible Ventures has 20 active portfolio companies and 1 completed exit and 3 funds tracked on GP Intel.
Where is Possible Ventures headquartered?: Possible Ventures is headquartered in Munich, Germany.
What is Possible Ventures's assets under management?: Possible Ventures manages approximately €130M in assets under management.
When was Possible Ventures founded?: Possible Ventures was founded in 2013.
What sectors does Possible Ventures invest in?: Possible Ventures invests across TMT, Software, Healthcare, Energy, Industrials.
What are Possible Ventures's recent exits?: Recent realized exits by Possible Ventures include: Cognigy (2025) to NiCE.