What investment strategy does Project A Ventures focus on?

Project A Ventures focuses on VC, Growth strategies in the private equity space.

How many portfolio companies does Project A Ventures have?

Project A Ventures has 56 active portfolio companies and 7 completed exits and 5 funds tracked on GP Intel.

Where is Project A Ventures headquartered?

Project A Ventures is headquartered in Berlin, Germany.

What is Project A Ventures's assets under management?

Project A Ventures manages approximately €1.2B in assets under management.

When was Project A Ventures founded?

Project A Ventures was founded in 2012.

What sectors does Project A Ventures invest in?

Project A Ventures invests across Software, TMT, Financials, Healthcare, Business Services.

What are Project A Ventures's recent exits?

Recent realized exits by Project A Ventures include: Bene Bono (2025) to Quitoque; Butter (2025) to Miro; 42matters (2024) to Similarweb; Comtravo (2022) to TripActions; Klara (2022) to Modernizing Medicine; Gabi (2021) to Experian; Contorion (2017) to Hoffmann Group.

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Project A Ventures

Berlin, Germany·Founded 2012·

Venture Capital Growth Equity

·project-a.vc

Project A Ventures is a Berlin-based early-stage operational venture capital firm founded in 2012, backing pre-seed and seed technology startups across Europe. Alongside capital it provides hands-on operational support (data, marketing, engineering, recruiting) through a large in-house expert team, which is why it is described as an operational VC. It manages roughly EUR 1bn across five fund generations and has backed 130-plus companies including Trade Republic, sennder, Spryker, Kry, Catawiki and Voi.

AUM

€1.2B

Funds

vintages 2013–2025

Portfolio

Exits

Project A Ventures is a Berlin venture capital firm with €1.2B AUM, 56 active companies and 7 exits.

SectorsSoftware TMT Financials Healthcare Business Services

Key takeaways

·6 exits in the last 5 years · consistent DPI cadence.
·Average hold across 7 realized deals: 5 years.
·Fund cadence: ~3Y between vintages · last raise 2025.

Sector breakdown

63 companies

Fintech

6 · 10%

AI/ML

5 · 8%

Aerospace & Defence

5 · 8%

ClimateTech

4 · 6%

InsurTech

4 · 6%

E-commerce

4 · 6%

SaaS

4 · 6%

Industrials

3 · 5%

Geography breakdown

11 geographies

Germany

33 · 52%

11 · 17%

6 · 10%

Sweden

3 · 5%

France

3 · 5%

Denmark

2 · 3%

Austria

1 · 2%

Italy

1 · 2%

Key facts

HQBerlin, Germany

Founded2012

Employees140+

Websiteproject-a.vc

Recent exits

Project A Ventures sold Bene Bono to Quitoque in 2025 after 3 years.

Project A Ventures sold Butter to Miro in 2025 after 4 years.

Project A Ventures sold 42matters to Similarweb in 2024 after 10 years.

Project A Ventures sold Comtravo to TripActions in 2022 after 5 years.

Coverage notes

5 funds tracked, 63 portfolio companies (56 active · 7 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

5 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Project A Ventures V

VC2025€325M13 assets

2025 · 1yr

€325M

–

Unrealized

13 held

Company	Entry
Architect AI/ML · UK	2025
Atmen ClimateTech · Germany	2025
Avoltra ClimateTech · Germany	2025
Hades Energy · Germany	2025
Linexa Industrials · Germany	2026
Mimo Fintech · Sweden	2025
Nettle InsurTech · UK	2025
Nexcade Logistics · UK	2026
Project Q Aerospace & Defence · Germany	2025
Rematiq MedTech · Germany	2025
Resourcly Industrials · Germany	2025
ReStabilise Fintech · UK	2025
Vestigas Construction · Germany	2025

Project A Ventures IV

VC2022€350M23 assets1 exits

2022 · 4yr

€350M

Unrealized

23 held

Company	Entry
11x AI/ML · US	2023
Alvin Data & Analytics · US	2022
ARX Robotics Aerospace & Defence · Germany	2023
Baobab InsurTech · Germany	2022
Black Semiconductor Deep Tech · Germany	2024
Claimer Fintech · UK	2022
Dalma InsurTech · France	2022
Ello EdTech · US	2023
Enapi ClimateTech · Germany	2024
kfzteile24 E-commerce · Germany	2023
Labrys SaaS · UK	2023
Metycle Industrials · Germany	2023
Mindfuel Data & Analytics · Germany	2024
Montamo Education · Germany	2023
Netspeak Games Gaming · UK	2022
NWT Energy · Germany	2022
Quantum Systems Aerospace & Defence · Germany	2022
Relay Logistics · UK	2023
Root Global ClimateTech · Germany	2022
Stark Aerospace & Defence · Germany	2024
Twig Bio Biotech · UK	2023
Vaeridion Aerospace & Defence · Germany	2022
Yoummday HR Tech · Germany	2022

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Bene Bono FoodTech · France	2022	2025	Trade Sale	Quitoque	–

Project A Ventures III

VC2019€185M12 assets1 exits

2019 · 7yr

€185M

Unrealized

12 held

Company	Entry
Anyline AI/ML · Austria	2020
Casavo PropTech · Italy	2019
Dixa SaaS · Denmark	2019
Flow AI AI/ML · Finland	2021
Heyflow SaaS · Germany	2021
Knowunity EdTech · Germany	2021
Pactum AI/ML · US	2020
Quix Data & Analytics · UK	2021
Re:cap Fintech · Germany	2021
Trade Republic Fintech · Germany	2019
Unmind HealthTech · UK	2020
Voi Technology Mobility · Sweden	2019

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Butter SaaS · Denmark	2021	2025	Trade Sale	Miro	–

Project A Ventures II

VC2017€140M4 assets1 exits

2017 · 9yr

€140M

Unrealized

4 held

Company	Entry
Kry HealthTech · Sweden	2016
Micropsi Industries Deep Tech · Germany	2018
Mister B&B Hospitality · France	2017
sennder Logistics · Germany	2016

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Comtravo Business Services · Germany	2017	2022	Trade Sale	TripActions	–

Project A Ventures IActive

Evergreen2013€40M4 assets4 exits

Evergreen

2013 · 13yr

€40M

Unrealized

4 held

Company	Entry
Catawiki E-commerce · Netherlands	2014
Liqid Fintech · Germany	2015
Onlineprinters E-commerce · Germany	2016
Spryker Software · Germany	2014

Realized

4 exits

Company	Entry	Exit	Type	Buyer	MOIC
42matters Software · Switzerland	2014	2024	Trade Sale	Similarweb	–
Contorion E-commerce · Germany	2014	2017	Trade Sale	Hoffmann Group	–
Gabi InsurTech · US	2016	2021	Trade Sale	Experian	–
Klara HealthTech · US	2016	2022	Trade Sale	Modernizing Medicine	–

Frequently asked questions

What investment strategy does Project A Ventures focus on?: Project A Ventures focuses on VC, Growth strategies in the private equity space.
How many portfolio companies does Project A Ventures have?: Project A Ventures has 56 active portfolio companies and 7 completed exits and 5 funds tracked on GP Intel.
Where is Project A Ventures headquartered?: Project A Ventures is headquartered in Berlin, Germany.
What is Project A Ventures's assets under management?: Project A Ventures manages approximately €1.2B in assets under management.
When was Project A Ventures founded?: Project A Ventures was founded in 2012.
What sectors does Project A Ventures invest in?: Project A Ventures invests across Software, TMT, Financials, Healthcare, Business Services.
What are Project A Ventures's recent exits?: Recent realized exits by Project A Ventures include: Bene Bono (2025) to Quitoque; Butter (2025) to Miro; 42matters (2024) to Similarweb; Comtravo (2022) to TripActions; Klara (2022) to Modernizing Medicine; Gabi (2021) to Experian; Contorion (2017) to Hoffmann Group.