Tengelmann Ventures
Tengelmann Ventures is the corporate venture capital arm of the Muelheim-based Tengelmann family retail group, investing off the group balance sheet as an evergreen CVC since 2009. Based in Munich, it backs early-stage and growth B2C and B2B companies across the DACH region with roughly EUR 1-15m per company, drawing on decades of Tengelmann retail and consumer expertise. Its track record includes early bets on unicorns Zalando, Delivery Hero and SumUp, and it holds a current portfolio of food tech, edtech, e-commerce and consumer brands.
Key facts
Recent exits
Coverage notes
1 fund tracked, 17 portfolio companies (12 active · 5 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
17 companiesFunds & portfolio
Every fund Tengelmann Ventures has raised, with its portfolio companies. Hand-checked from public filings.
Tengelmann Ventures EvergreenEvergreenActive2009 · 17yr12 active · 5 realized
Unrealized
12 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Deep Tech |  Germany | 2017 | |
| TMT | Germany | 2015 | |
| Consumer | Germany | 2011 | |
| TMT | Germany | 2022 | |
| HealthTech | Germany | 2021 | |
| Consumer | Germany | 2021 | |
| Consumer | Germany | 2025 | |
| Energy | Germany | 2024 | |
| Consumer |  Switzerland | 2022 | |
| Logistics |  Austria | 2022 | |
| Fintech |  UK | 2012 | |
| Consumer | Germany | 2023 |
Germany· Entry 2017Germany· Entry 2015Germany· Entry 2011Germany· Entry 2022Germany· Entry 2021Germany· Entry 2021Germany· Entry 2025Germany· Entry 2024Switzerland· Entry 2022Austria· Entry 2022UK· Entry 2012Germany· Entry 2023Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Consumer | Germany | 2011 | 2017 | IPO | – | – | |
| E-commerce | Singapore | 2013 | 2016 | Trade Sale | – | ||
| Software | Germany | 2018 | 2025 | Trade Sale | – | ||
| Mobility | Germany | 2022 | 2026 | Trade Sale | – | ||
| E-commerce | Germany | 2010 | 2014 | IPO | – | – |
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Portfolio platforms backed by Tengelmann Ventures made 13 researched add-on acquisitions during its ownership. See the roll-up tracker
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
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Germany·€3.0BGet the full picture on Tengelmann Ventures.
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