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Project A Ventures

Project A Ventures

Berlin, Germany·Founded 2012··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
5
vintages 2013–2025
Portfolio
56
Exits
7

Key facts

HQBerlin, Germany
Founded2012
Employees140+

Recent exits

Bene Bono
Bene Bono
FoodTech2025 · 3yr hold
Butter
SaaS2025 · 4yr hold
42matters
Software2024 · 10yr hold
Comtravo
Business Services2022 · 5yr hold

Coverage notes

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

Sector breakdown

63 companies
Fintech
6 · 10%
AI/ML
5 · 8%
Energy
4 · 6%
Industrials
4 · 6%
InsurTech
4 · 6%
Aerospace & Defence
4 · 6%
SaaS
4 · 6%
Logistics
3 · 5%

Funds & portfolio

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

5 funds
Project A Ventures VVC
2025 · 1yr€325M13 active

Unrealized

13 held
ArchitectActive
AI/MLUK· Entry 2025
Atmen
AtmenActive
ClimateTechGermany· Entry 2025
AvoltraActive
EnergyGermany· Entry 2025
Hades
HadesActive
EnergyGermany· Entry 2025
LinexaActive
IndustrialsGermany· Entry 2026
MimoActive
FintechSweden· Entry 2025
Nettle
NettleActive
InsurTechUK· Entry 2025
NexcadeActive
LogisticsUK· Entry 2026
Project QActive
Aerospace & DefenceGermany· Entry 2025
RematiqActive
MedTechGermany· Entry 2025
ResourclyActive
IndustrialsGermany· Entry 2025
ReStabilise
ReStabiliseActive
FintechUK· Entry 2025
VestigasActive
ConstructionGermany· Entry 2025
Project A Ventures IVVC
2022 · 4yr€350M23 active · 1 realized

Unrealized

23 held
11xActive
AI/MLUS· Entry 2023
Alvin
AlvinActive
Data & AnalyticsUS· Entry 2022
ARX RoboticsActive
Aerospace & DefenceGermany· Entry 2023
BaobabActive
InsurTechGermany· Entry 2022
Deep TechGermany· Entry 2024
Claimer
ClaimerActive
FintechUK· Entry 2022
Dalma
DalmaActive
InsurTechFrance· Entry 2022
Ello
ElloActive
EdTechUS· Entry 2023
Enapi
EnapiActive
EnergyGermany· Entry 2024
kfzteile24
kfzteile24Active
E-commerceGermany· Entry 2023
Labrys
LabrysActive
SaaSUK· Entry 2023
Metycle
MetycleActive
IndustrialsGermany· Entry 2023
Mindfuel
MindfuelActive
Data & AnalyticsGermany· Entry 2024
MontamoActive
EducationGermany· Entry 2023
GamingUK· Entry 2022
NWTActive
EnergyGermany· Entry 2022
Aerospace & DefenceGermany· Entry 2022
Relay
RelayActive
LogisticsUK· Entry 2023
Root GlobalActive
ClimateTechGermany· Entry 2022
STARK
StarkActive
IndustrialsGermany· Entry 2024
Twig Bio
Twig BioActive
BiotechUK· Entry 2023
VaeridionActive
Aerospace & DefenceGermany· Entry 2022
Yoummday
YoummdayActive
HR TechGermany· Entry 2022

Realized

1 exit
Bene Bono
Bene BonoExited 2025
FoodTechFrance· Entry 2022
Trade Saleto
Project A Ventures IIIVC
2019 · 7yr€185M12 active · 1 realized

Unrealized

12 held
Anyline
AnylineActive
AI/MLAustria· Entry 2020
Casavo
CasavoActive
PropTechItaly· Entry 2019
DixaActive
SaaSDenmark· Entry 2019
Flow AI
Flow AIActive
AI/MLFinland· Entry 2021
HeyflowActive
SaaSGermany· Entry 2021
KnowunityActive
EdTechGermany· Entry 2021
PactumActive
AI/MLUS· Entry 2020
Quix
QuixActive
Data & AnalyticsUK· Entry 2021
Re:cap
Re:capActive
FintechGermany· Entry 2021
FintechGermany· Entry 2019
Unmind
UnmindActive
HealthTechUK· Entry 2020
MobilitySweden· Entry 2019

Realized

1 exit
ButterExited 2025
SaaSDenmark· Entry 2021
Trade Saleto
Project A Ventures IIVC
2017 · 9yr€140M4 active · 1 realized

Unrealized

4 held
Kry
KryActive
HealthTechSweden· Entry 2016
Deep TechGermany· Entry 2018
Mister B&BActive
HospitalityFrance· Entry 2017
sennder
sennderActive
LogisticsGermany· Entry 2016

Realized

1 exit
ComtravoExited 2022
Business ServicesGermany· Entry 2017
Trade Saleto
Project A Ventures IEvergreenActive
2013 · 13yr€40M4 active · 4 realized

Unrealized

4 held
Catawiki
CatawikiActive
E-commerceNetherlands· Entry 2014
Liqid
LiqidActive
FintechGermany· Entry 2015
E-commerceGermany· Entry 2016
Spryker
SprykerActive
SoftwareGermany· Entry 2014

Realized

4 exits
42mattersExited 2024
SoftwareSwitzerland· Entry 2014
Trade Saleto
ContorionExited 2017
Business ServicesGermany· Entry 2014
Trade Saleto
GabiExited 2021
InsurTechUS· Entry 2016
Trade Saleto
KlaraExited 2022
HealthTechUS· Entry 2016
Trade Saleto
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Last updated July 2026 · Sourced from public filings · Report an issue