Unternehmertum Venture Capital Partners
Unternehmertum Venture Capital Partners, known as UVC Partners, is a Munich-based early-stage and growth venture capital firm founded in 2011 that backs European B2B deep-tech, climate-tech, mobility and enterprise-software startups as an independent partner of the UnternehmerTUM ecosystem at the Technical University of Munich.
Key facts
Recent exits
Coverage notes
4 funds tracked, 59 portfolio companies (42 active · 17 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
59 companiesFunds & portfolio
Every fund Unternehmertum Venture Capital Partners has raised, with its portfolio companies. Hand-checked from public filings.
UVC Fund IVVC2024 · 2yr€250M12 active
Unrealized
12 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AI/ML |  Germany | 2026 | |
| Construction | Germany | 2024 | |
| Biotech | Lithuania | 2024 | |
| SaaS | Germany | 2025 | |
| AI/ML | Germany | 2026 | |
| ClimateTech | Germany | 2024 | |
| Cybersecurity | Germany | 2024 | |
| AI/ML | Germany | 2026 | |
| ClimateTech |  Switzerland | 2026 | |
| Deep Tech | Germany | 2025 | |
| ClimateTech | Germany | 2025 | |
| HealthTech | Germany | 2025 |
Germany· Entry 2026Germany· Entry 2024Germany· Entry 2025Germany· Entry 2026Germany· Entry 2024Germany· Entry 2024Germany· Entry 2026Switzerland· Entry 2026Germany· Entry 2025Germany· Entry 2025Germany· Entry 2025UVC Fund IIIVCHarvesting2020 · 6yr18 active · 2 realized
Unrealized
18 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AI/ML | Germany | 2021 | |
| Mobility | Germany | 2023 | |
| Mobility | Germany | 2022 | |
| Industrials | Germany | 2021 | |
| AI/ML | Germany | 2020 | |
| Data & Analytics | Germany | 2022 | |
| HealthTech | Germany | 2021 | |
| Deep Tech | Germany | 2022 | |
| PropTech | Germany | 2023 | |
| Deep Tech | Germany | 2023 | |
| ClimateTech |  Denmark | 2022 | |
| SaaS | Germany | 2023 | |
| ClimateTech | Germany | 2022 | |
| Construction | Germany | 2023 | |
| ClimateTech | Germany | 2021 | |
| ClimateTech | Germany | 2021 | |
| SaaS | Germany | 2020 | |
| Cybersecurity | Germany | 2021 |
Germany· Entry 2021Germany· Entry 2023Germany· Entry 2022Germany· Entry 2021Germany· Entry 2020Germany· Entry 2022Germany· Entry 2021Germany· Entry 2022Germany· Entry 2023Germany· Entry 2023Denmark· Entry 2022Germany· Entry 2023Germany· Entry 2022Germany· Entry 2023Germany· Entry 2021Germany· Entry 2021Germany· Entry 2020Germany· Entry 2021Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Fintech | Germany | 2022 | 2024 | Trade Sale | – | ||
| ClimateTech | Germany | 2022 | 2024 | – | – | – |
Germany· Entry 2022UVC Fund IIVCHarvesting2016 · 10yr€82M10 active · 8 realized
Unrealized
10 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| SaaS | Germany | 2017 | |
| Construction | Germany | 2018 | |
| Industrials | Germany | 2018 | |
| Mobility | Germany | 2019 | |
| Deep Tech | Germany | 2019 | |
| SaaS | Germany | 2018 | |
| Aerospace & Defence | Germany | 2018 | |
| SaaS | Germany | 2019 | |
| SaaS | Germany | 2020 | |
| SaaS | Germany | 2018 |
Germany· Entry 2017Germany· Entry 2018Germany· Entry 2018Germany· Entry 2019Germany· Entry 2019Germany· Entry 2018Germany· Entry 2018Germany· Entry 2019Germany· Entry 2020Germany· Entry 2018Realized
8 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Deep Tech | Germany | 2017 | 2024 | – | – | – | |
| SaaS | Germany | 2019 | 2022 | Trade Sale | – | ||
| EdTech | Germany | 2016 | 2022 | – | – | – | |
| Mobility | Germany | 2018 | 2022 | Trade Sale | – | ||
| AI/ML | Germany | 2019 | 2023 | Trade Sale | – | ||
| SaaS | Germany | 2017 | 2021 | – | – | – | |
| HR Tech | Germany | 2017 | 2024 | Secondary | – | ||
| Mobility | Germany | 2017 | 2023 | Secondary | – |
Germany· Entry 2017Germany· Entry 2016Germany· Entry 2017UVC Fund IVCHarvesting2011 · 15yr2 active · 7 realized
Unrealized
2 heldRealized
7 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Pharma | Germany | 2014 | 2018 | Trade Sale | – | ||
| Mobility | Germany | 2015 | 2016 | Trade Sale | – | ||
| Biotech | Germany | 2012 | 2024 | Trade Sale | – | ||
| ClimateTech | Germany | 2012 | 2020 | Trade Sale | – | ||
| MedTech | Germany | 2015 | 2021 | Trade Sale | – | ||
| Data & Analytics | Germany | 2012 | 2020 | Trade Sale | – | ||
| Industrials | Germany | 2012 | 2024 | – | – | – |
Germany· Entry 2012Saved GPs appear in your watchlist, one click from your workspace.
About Unternehmertum Venture Capital Partners
Unternehmertum Venture Capital Partners, operating as UVC Partners, is an independent early-stage venture capital firm founded in 2011 and headquartered in Munich, Germany, with a second office in Berlin. It is the affiliated venture arm of UnternehmerTUM, the Technical University of Munich-linked startup hub, giving it proprietary deal flow from the TUM ecosystem. Assets under management were over €600 million following the August 2024 final close of UVC Fund IV at €250 million, and have since grown toward more than €700 million. The firm runs a four-generation fund family, UVC Fund I through Fund IV, with Fund IV the largest to date.
Investment thesis
UVC Partners pursues early-stage venture capital from pre-seed to Series A in European B2B technology startups, with initial tickets of roughly €1 to €10 million and follow-on capacity up to around €30 million per company. Sector focus is deep tech, climate tech, mobility and enterprise software and AI. Geography is pan-European with a strong German core. The limited partner base includes the European Investment Fund as an anchor alongside institutional and corporate investors. Value creation leverages privileged access to the UnternehmerTUM network of more than 1,000 corporates and small and medium-sized enterprises, TUM talent and one of Europe's largest startup ecosystems, to accelerate market entry and build category-leading B2B companies.
Recent activity
Recent investments span synthetic aviation fuel and climate tech (2026), quantum computing (2025), fusion energy (2025), enterprise and manufacturing AI (2026) and real-estate decarbonisation (2024). Recent exits include Blickfeld in sensor and lidar technology (2025), alongside a longer-run track record including mobility company FlixBus, which became a unicorn in 2019, and Lilium, which listed on NASDAQ in 2021. The platform continues to deploy pre-seed to Series A capital across European B2B deep tech. Detailed buyer names and multiple data available on Pro at €29/month.
Similar firms
Other private equity firms tracked on GP Intel.
Germany·€800M
Germany·€800M
Germany·€800M
Germany·€780M
Germany·€750M
Germany·€731M
Germany·€700M
Germany·€900M
Germany·€937M
Germany·€950M
Germany·€640M
Germany·€603MGet the full picture on Unternehmertum Venture Capital Partners.
Free. No credit card. 30 seconds. Exit buyers and MOIC on Pro.
Already a member? Sign in