What investment strategy does Senovo focus on?

Senovo focuses on VC strategies in the private equity space.

How many portfolio companies does Senovo have?

Senovo has 23 active portfolio companies and 16 completed exits and 4 funds tracked on GP Intel.

Where is Senovo headquartered?

Senovo is headquartered in Munich, Germany.

What sectors does Senovo invest in?

Senovo invests across Software, TMT.

What are Senovo's recent exits?

Recent realized exits by Senovo include: Veact (2026) to Infomedia; OpenAsApp (2024) to Cloud Value Advisory; Ryte (2024) to Semrush; Shyftplan (2024) to Maguar Capital; Shore (2024) to group.one; Manta (2023) to IBM; Industrial Analytics (2022) to Infineon Technologies; Synfioo (2022) to project44.

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Senovo

Munich, Germany·Founded 2011·

Venture Capital

·senovo.vc

Senovo is a Munich and Berlin based early-stage venture capital firm founded in 2011 that backs European B2B and enterprise software companies at Seed and Series A with initial checks of EUR 1-5 million, focusing on AI-first products across cybersecurity, industrial tech, infrastructure and SaaS.

AUM

–

Funds

vintages 2013–2023

Portfolio

Exits

Senovo is a Munich venture capital firm with 23 active companies and 16 exits.

SectorsSoftware TMT

Key takeaways

·13 exits in the last 5 years · consistent DPI cadence.
·Average hold across 16 realized deals: 6 years.
·Top sector focus: SaaS (31% of portfolio).
·Fund cadence: ~3Y between vintages · last raise 2023.

Sector breakdown

39 companies

SaaS

12 · 31%

AI/ML

4 · 10%

Data & Analytics

4 · 10%

DevTools

3 · 8%

Cloud Infrastructure

3 · 8%

Logistics

2 · 5%

LegalTech

2 · 5%

Software

2 · 5%

Geography breakdown

11 geographies

Germany

25 · 64%

4 · 10%

Czech Republic

2 · 5%

Israel

1 · 3%

Ireland

1 · 3%

Munich, Germany

1 · 3%

Switzerland

1 · 3%

Key facts

HQMunich, Germany

Founded2011

Websitesenovo.vc

Recent exits

Senovo sold Veact to Infomedia in 2026 after 12 years.

Senovo exited Lyntics in 2024 after 2 years.

Senovo sold OpenAsApp to Cloud Value Advisory in 2024 after 5 years.

Senovo sold Ryte to Semrush in 2024 after 7 years.

Coverage notes

4 funds tracked, 39 portfolio companies (23 active · 16 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

4 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Senovo IV

VC20238 assets1 exits

2023 · 3yr

–

Unrealized

8 held

Company	Entry
Findiq AI/ML · Germany	2024
FlowFuse DevTools · US	2025
InfrOS Cloud Infrastructure · Israel	2026
Lative SaaS · Ireland	2025
mama health HealthTech · Germany	2026
Monda Data & Analytics · Germany	2023
Refine DevTools · US	2023
Synthavo SaaS · Germany	2024

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Lyntics SaaS · Munich, Germany	2022	2024	–	–	–

Senovo IIIHarvesting

VC20208 assets

2020 · 6yr

–

Unrealized

8 held

Company	Entry
Archlet SaaS · Switzerland	2020
CultureAI Cybersecurity · UK	2021
Dive Deep Tech · Germany	2021
HelloCustomer SaaS · Belgium	2020
HiveMQ Cloud Infrastructure · Germany	2021
IP Fabric Cloud Infrastructure · Czech Republic	2020
Parloa AI/ML · Germany	2022
Project44 Logistics · US	2022

Senovo IIHarvesting

VC20172 assets6 exits

2017 · 9yr

–

Unrealized

2 held

Company	Entry
Anyline AI/ML · Austria	2018
IamIP LegalTech · Sweden	2017

Realized

6 exits

Company	Entry	Exit	Type	Buyer	MOIC
Industrial Analytics AI/ML · Germany	2019	2022	Trade Sale	Infineon Technologies	–
Manta Data & Analytics · Czech Republic	2018	2023	Trade Sale	IBM	–
OpenAsApp DevTools · Germany	2019	2024	Trade Sale	Cloud Value Advisory	–
Ryte SaaS · Germany	2017	2024	Trade Sale	Semrush	–
Shyftplan HR Tech · Germany	2017	2024	Secondary	Maguar Capital	–
Synfioo Logistics · Germany	2019	2022	Trade Sale	project44	–

Senovo IHarvesting

VC20135 assets9 exits

2013 · 13yr

–

Unrealized

5 held

Company	Entry
Customer Alliance SaaS · Germany	2015
Holidu Hospitality · Germany	2015
Quantilope Data & Analytics · Germany	2016
Sphera SaaS · US	2022
Styla E-commerce · Germany	2016

Realized

9 exits

Company	Entry	Exit	Type	Buyer	MOIC
Atheneum Business Services · Germany	2013	2021	Secondary	Guidepost Growth Equity	–
Black Bee Software · Germany	2014	2021	Trade Sale	Vistex	–
Orpheus Data & Analytics · Germany	2014	2020	Trade Sale	McKinsey & Company	–
Riskmethods SaaS · Germany	2014	2022	Trade Sale	Sphera	–
Shore SaaS · Germany	2014	2024	Trade Sale	group.one	–
Skive Software · Germany	2015	2017	Trade Sale	Studydrive GmbH	–
SmartLaw LegalTech · Germany	2013	2014	Trade Sale	Wolters Kluwer	–
Veact SaaS · Germany	2014	2026	Trade Sale	Infomedia	–
Websitebutler SaaS · Germany	2016	2021	Trade Sale	dogado	–

Frequently asked questions

What investment strategy does Senovo focus on?: Senovo focuses on VC strategies in the private equity space.
How many portfolio companies does Senovo have?: Senovo has 23 active portfolio companies and 16 completed exits and 4 funds tracked on GP Intel.
Where is Senovo headquartered?: Senovo is headquartered in Munich, Germany.
When was Senovo founded?: Senovo was founded in 2011.
What sectors does Senovo invest in?: Senovo invests across Software, TMT.
What are Senovo's recent exits?: Recent realized exits by Senovo include: Veact (2026) to Infomedia; OpenAsApp (2024) to Cloud Value Advisory; Ryte (2024) to Semrush; Shyftplan (2024) to Maguar Capital; Shore (2024) to group.one; Manta (2023) to IBM; Industrial Analytics (2022) to Infineon Technologies; Synfioo (2022) to project44.