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Investor profile

HV Capital

Venture capital firm · Founded 2000 · Active in 2026

HV Capital is a venture capital firm based in Munich, Germany, founded in 2000. The page below shows 37 Power Law outcomes from HV Capital's portfolio — 21 unicorns ($1B+ valuation) and 12 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in eCommerce & Marketplaces · Other · AI; top portfolio geographies are Germany · UK · France. HV Capital ranks #62 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

37 Power Law outcomes Power Law Ranking #62 · Global · 37 Power Law outcomes · Active 2026
Unicorns ↑ 50% 5y
21
Decacorns ↓ 67% 5y
1
Thoroughbreds ↑ 65% 5y
30
01 · Exits

Sequoia’s biggest exits.

Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 1999
Entered SeedNow $5.2T
IPO · 2004
Entered Series ANow $4.6T
IPO · 1980
Now $4.5T
IPO · 2014
Entered Series B+Now $306B
$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2012
Entered Series ANow $207B
$82.0B IPO · 2019
Now $153B
IPO · 2012
Entered Series B+Now $103B
$95.0B IPO · 2020
Entered SeedNow $69.1B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$39.0B IPO · 2020
Entered Series ANow $67.6B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
$41.5B IPO · 2021
Entered SeedNow $64.4B
$60.0B IPO · 2021
Entered Series B+Now $28.0B
$55.5B IPO · 2026
Entered Series B+Now $55.5B
$52.8B IPO · 2018
Entered Series ANow $49.6B
IPO · 2013
Now $45.0B
IPO · 2015
Entered Series B+Now $39.4B
IPO · 2002
Entered SeedNow $39.1B
$32.0B acquisition · 2025
Entered Seed
$12.0B IPO · 2021
Entered Series B+Now $29.5B
IPO · 2014
Entered Series B+Now $28.6B
IPO · 2015
Entered Series ANow $28.2B
03 · Portfolio analysis

The 37 HV Capital Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. Germany26
  2. UK3
  3. France2
  4. USA2
  5. Singapore1
  6. Netherlands1
  7. Spain1
  8. Russia1
By sectorCount
  1. eCommerce & Marketplaces11
  2. Other5
  3. AI5
  4. Fintech4
  5. Transportation4
  6. Marketing3
  7. Energy1
  8. Space1
  9. Edtech1
  10. Cybersecurity1
  11. Robotics1
By stage enteredCount
  1. Series B+17
  2. Series A5
  3. Seed13
Estimated holdings

HV Capital’s biggest current holdings.

An estimate of HV Capital’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 9 companies where HV Capital is a named shareholder, worth about $1.8B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 Scalable CapitalFintech · Unicorn 18% $1.7B $308M
  2. 2 EnpalEnergy · Unicorn 12% $2.5B $297M
  3. 3 N8nEnterprise Software · Unicorn 5% $5.2B $260M
  4. 4 Quantum SystemsSecurity · Unicorn 7.5% $3.3B $248M
  5. 5 FlixTravel · Unicorn 7% $3.3B $231M
  6. 6 Verbit.aiEnterprise Software · Unicorn 9.5% $2.0B $190M
  7. 7 8.5% $2.1B $180M
  8. 8 8% $1.1B $88M
  9. 9 11.36% $231M $26M

3 companies hidden on this public profile. Estimated value = HV Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying cap tables on Dealroom →

HV Capital’s biggest exits.

HV Capital portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$5.6B IPO · 2017
Entered Series B+Now $13.2B
$6.2B IPO · 2020
Entered Series B+Now $6.2B
IPO · 2014
Entered SeedNow $5.3B
$2.0B acquisition · 2016
Entered Series B+
$2.0B IPO · 2017
Entered SeedNow $590M
IPO · 2014
Entered Series B+Now $1.9B
$1.6B acquisition · 2021
Entered Seed
04 · Portfolio market map

HV Capital's 37 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
37 of 37 Power Law outcomes
05 · Power Law comparison

How does HV Capital stack up?

HV Capital in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Sequoia's portfolio founders come from — and where they studied.

162 founders across the 37 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. WHU Otto Beisheim School of Management and Rocket Internet are the deepest single pipelines.

LocationCount
Germany65
Spain9
Denmark7
France5
Sweden5
Norway3
Poland3
United Kingdom3
Netherlands2
Austria2
+5 more →
UniversityCount
WHU Otto Beisheim School of Management12
Bocconi University7
London School of Economics and Political Science7
University of Erlangen-Nuremberg6
Copenhagen Business School4
HEC Paris3
Ludwig Maximilian University of Munich3
EBS University3
SDA Bocconi School of Management3
University of Deusto3
+84 more →
Origin companyCount
Rocket Internet17
Meta7
Zalando3
Lieferheld3
Westwing3
Tuenti Technologies2
Microsoft2
Spreadshirt2
eBay2
Groupon2
+23 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.
07 · Key people

Key people at HV Capital.

Sources: Dealroom desktop research, official firm profiles and public investor lists.

Market sentiment

What the market is saying about HV Capital

An AI-synthesized read of the highest-engagement posts about HV Capital on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about HV Capital

Recent press, funding announcements, and portfolio moves mentioning HV Capital — pulled live from Dealroom's news feed.

See all news

Want the full picture on HV Capital?

The Dealroom platform tracks every round, every co-investor, and every portfolio company in real time — across 25,000+ investors and 3M+ companies globally.