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HV Capital

Venture capital firm · Munich, Germany · Founded 2000 · Active in 2026

← Power Law Ranking

A public taster of the full Dealroom platform — request a demo to explore live deal flow, full investor history, and team intel. · Last updated 15 Apr 2026 · Methodology

36 Power Law outcomes Power Law Ranking #25 · 36 Power Law outcomes · Active 2026
Enterprise value ↓ 33% 5y
$68B
Unicorns ↑ 31% 5y
21
Decacorns ↓ 100% 5y
0
Thoroughbreds ↑ 42% 5y
34
Featured in #25Power Law Investor Ranking · Global · 2026 Top 0.5%by Seed → $100M+ revenue outcomes

HV Capital is a venture capital firm based in Munich, Germany, founded in 2000. The page below shows 36 Power Law outcomes from HV Capital's portfolio — 21 unicorns ($1B+ valuation) and 13 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 #25 globally in the 2026 Dealroom Power Law Ranking by Seed → $100M+ revenue companies.

Portfolio analysis

The 36 HV Capital Power Law outcomes ($100M+ revenue and above).

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

By countryCount
  1. Germany25
  2. UK3
  3. France2
  4. USA2
  5. Russia1
  6. Spain1
  7. Singapore1
  8. Netherlands1
By sectorCount
  1. eCommerce & Marketplaces11
  2. Other5
  3. AI5
  4. Fintech4
  5. Transportation4
  6. Marketing3
  7. Space1
  8. Edtech1
  9. Cybersecurity1
  10. Energy1
By stage enteredCount
  1. Series B+17
  2. Series A5
  3. Seed13
01 · Portfolio market map

HV Capital's 36 Power Law outcomes.

Toggle between a sector landscape and a world map. Both views respond to the stage and outcome-tier filters. The faded names at the bottom of bigger boxes are part of the full list — click "+ N more" to reveal them.

Stage entered
Outcome tier
Region
Group by
36 of 36 Power Law outcomes
Logos hosted by Dealroom; click any chip to open the company in app.dealroom.co. The dot inside each chip shows the company's highest tier — red Gigacorn, violet Centicorn/Decacorn, lavender Unicorn, blue Thoroughbred, green Colt. Tiers are inclusive: a Unicorn (e.g. Klarna) also matches the Thoroughbred filter, a Decacorn also matches Unicorn and Thoroughbred, and so on up the ladder. Colt is a separate axis (high-growth, smaller revenue) and only matches itself. Map dots use the same colour code; hover for details. Sectors are mutually exclusive (priority-ordered classification). Stage entered = the round HV Capital first invested in (where data is available — coverage 93%).
02 · Origin of portfolio founders

Where HV Capital's founders come from — and where they study.

153 founders across the 36 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
Germany55
Spain9
Denmark7
Sweden6
France5
Norway3
Poland3
United Kingdom3
Netherlands2
Austria2
+5 more →
UniversityCount
WHU Otto Beisheim School of Management13
University of Erlangen-Nuremberg6
London School of Economics and Political Science6
Copenhagen Business School4
HEC Paris3
EBS University3
Ludwig Maximilian University of Munich3
University of Deusto3
Stanford University Graduate School of Business3
Aarhus University2
+82 more →
Origin companyCount
Rocket Internet13
Meta8
Lieferheld3
Zalando3
Westwing3
Microsoft2
eBay2
LinkedIn2
Groupon2
Alphabet | Google2
+25 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. Explore the full Sequoia infographic on Thoroughbreds & Unicorns →
03 · Key people

Key people at HV Capital.

Senior investment team at HV Capital has not been published on this profile yet.
Suggest the partner roster →
No partner roster has been published on this profile yet.
04 · Compare with peers

How does HV Capital stack up?

HV Capital in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — filter by region 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 global unicorns minted that year — peaks reveal vintage years.

Compare against

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors

Share of new unicorns per year

% of all global unicorns minted that year, year by year
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.

Want the full picture on HV Capital?

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Data as of 15 Apr 2026 · Source: Dealroom Power Law dataset · Methodology
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