26. March 2025

VC Deals

In the DACH region, we saw 101 technology VC deals in February. The total published invested capital amounted to EUR 665 million and is made up of 58 transactions, while the amounts of the remaining transactions were not publicly disclosed.

DateTargetInvestorDeal size (EUR Mio.)
2/3/2025SolarisBoerse Stuttgart, SBI Holdings 140
2/18/2025RoomPriceGenieFive Elms Capital71.7
2/27/2025TaktileBalderton Capital, Index Ventures, Larry Summers, Prosus Ventures, Tiger Global Management, Visionaries Club, Y Combinator51.9
2/24/2025SpartaFirstMark Capital, One Peak Partners, Singular.40.4
2/11/2025vVardisOrbiMed33.8
2/6/2025Avelios MedicalHigh-Tech Gründerfonds, Revent Capital, Sequoia Capital30
2/7/2025RoadsurferAvellinia Capital30
2/27/2025Unique CommerzVentures, DN Capital, Pictet, VI Partners28.8
2/5/2025neurocareImpact Expansion, TVM Capital Healthcare Partners19.3
2/12/2025Accure Battery Intelligence42CAP, Blue Bear Capital, Capnamic Ventures, HSBC Asset Management, Incharge Capital Partners, Riverstone Ventures15.4
2/20/2025METYCLE2150, DFF Ventures, Market One Capital, Partech, Project A Ventures14.7
2/17/2025RaiseNowPostFinance AG - Corporate Venture Capital, SIX FinTech Ventures13.6
2/6/2025Comstruct20VC, Booom, GV, Puzzle Ventures 13.5
2/4/2025Mavoco3TS Capital Partners, red-stars.com data11
2/26/2025AmnisLansdowne Partners, Swisscom Ventures10.6
2/18/2025ATMOS Space CargoEuropean Innovation Council Fund10.6
2/3/2025DAOInsight Partners10
2/1/2025Conceptboard Cloud ServiceCipio Partners9.7
2/5/2025Prior Labs Ash Kulkarni, Atlantic Labs, Balderton Capital, Chris Lynch, Edward Grefenstette, Galion.exe, Guy Podjarny, Hector Foundation, Peter Sarlin, Robin Rombach, Thomas Wolf, XTX Ventures9
2/3/2025Largo.aiAtreides Management, DAA Capital Partners, QBIT Capital, Sylvester Stallone, Thomas Tippl, TI Capital Management7.3
2/18/2025Berlin Heals6.7
2/12/2025Integral Cherry Ventures, General Catalyst, Puzzle Ventures 6.3
2/6/2025PoderoPale blue dot, Planet A, PUSH Ventures, Systemiq Capital5.5
2/5/2025OctonomyCapnamic Ventures5
2/5/2025PartsCloudDutch Newion, MaasInvest, SquareOne Venture Capital5
2/10/2025Planted Arno Nonnen, aws Gründungsfonds, Felix Schürholz, Frank Piotraschke, Julius Göllner, Neoteq Ventures, Nina Kani, Smart Infrastructure Ventures, TechVision Fund, WENVEST Capital5
2/26/2025GalaxisBolts Capital4.8
2/11/2025ETFbookArnaud Llinas, BlackFin Capital Partners4
2/18/2025Eleven DynamicsBertrand Gili, Bloomhaus Ventures, EquityPitcher Ventures, Schauenburg International, seed + speed Ventures, Zürcher Kantonalbank3.7
2/17/2025MuffintechBastian Kunkel, Daniel Feyler, Fadelia Invest, ff Venture Capital, Hava Misimi, Herbert Nibel, Investitionsbank Berlin, Roland Fassauer, Stefan Liebig, Techstars, Torsten Oletzky3.5
2/11/2025NextesyFifth Quarter Ventures3.5
2/13/2025Teneo ProtocolAdvanced Blockchain , Borderless Capital, CertiK, EoT Ventures, Generative Ventures, MN Capital, Moonrock Capital, Outlier Ventures, RockawayX, Token Ventures, Venionaire Capital, X Ventures 2.9
2/20/2025bliro468 Capital, LEA Partners, Rockstart2.8
2/4/2025LogicStarNorthzone Ventures2.8
2/26/2025QraGoCapacura, MobilityVC, Segenia Capital, āltitude2.7
2/18/2025ATMOS Space CargoEuropean Innovation Council Fund2.5
2/19/2025Noah LabsEuropean Innovation Council Fund2.5
2/19/2025SEMRONEuropean Innovation Council Fund2.5
2/20/2025Holloid2.4
2/19/2025Nature RobotsEuropean Innovation Council Fund2.4
2/24/2025Tenor Angelo, Atka, Batu X, Blurr , Cherry Crypto, Coinbase Ventures, Curved Ventures, Jez, Lattice Capital, Luke Youngblood, Mathieu Baril, Re7 Capital, Rok Kopp, Scott Shapiro, Very Early, Will Price2.4
2/21/2025Dphi SpaceApprecia Capital, Kickfund, QBIT Capital, Wingman Campus Fund, Zürcher Kantonalbank2.2
2/12/2025PhaeosyntFonde Ventures, NBank Capital, PSD Braunschweig Verwaltungs, Renditei UG, Thomas Tönnesmann, TrueNorth Ventures, Ulrich Gehrke1.7
2/5/2025Synaps FFG Austrian Research Promotion Agency, Fredrik Bjork, Martin Müller1.4
2/18/2025NuvolosInteractive Venture Partners1.3
2/7/2025Econetix IGMJ Fin, Voltares1.1
2/4/2025sequestraCarbon Drawdown Initiative, Climate Founders1.1
2/26/2025ctrl+sBenjamin Schulz, High-Tech Gründerfonds1
2/13/2025FlexalityBuhlmann Rohr-Fittings-Stahlhandel1
2/11/2025WyrldJochen Krisch, Kevin Tewe, Matthias Schrader, Sven Rittau1
2/20/2025Caire Bayern Kapital, Capacura, DocMorris, Martin Bluggel, YZR Capital0.9
2/11/2025ANNEAVoyager 0.7
2/14/2025Claro AIAntler, Atlas SGR, D11Z.Ventures, FASTWEB, Founders Factory, Plug and Play Tech Center0.7
2/6/2025Centi0.5
2/27/2025NOCA MobilityArkansas Global Cycling Accelerator0.1
2/10/2025AIRMOHub710.1
2/24/2025Brightmind.aixista science ventures0.1
2/28/2025DigeHealthFuture of Health Grant0
2/18/2025AICAMicrosoft
2/18/2025Aisot TechnologiesMicrosoft for Startups
2/1/2025AKEDOCollab+Currency, Gagra Ventures, Karatage, Marblex, Seed Club, Sfermion, Ton Ventures , Top
2/1/2025AlphaPet VenturesScope Hanson
2/19/2025Augmented IndustriesEuropean Innovation Council Fund
2/18/2025BrianMicrosoft
2/1/2025Brink GamingKlint Ventures
2/24/2025Build38AWS & Crowdstrike Cybersecurity Accelerator
2/12/2025catchHRGateway Accelerator
2/26/2025CheckmkPSG

Source: Pitchbook

M&A/PE Deals

In February 2025 52 tech M&A transactions took place in the DACH region, with a total published volume of EUR 3,109 million. This total resulted from only 5 individual transactions, while the amounts of the other transactions were not publicly disclosed. One of the most significant transactions was the sale of ALSO Holding to Westcoast Group.

DateTargetBuyerSeller
2/28/2025ALSO Holding Westcoast GroupAlso , Droege Group
2/16/2025Global Blue Shift4 Payments Silver Lake, Tencent Holdings
2/25/2025H-HotelsHRG Hotels Wien Management
2/5/2025BRZ DeutschlandInfoniqa Holding, Invest Equity Management Consulting, Warburg Pincus
2/7/2025Staufen SchweizAccenture Staufen inova
2/20/2025StarfaceGamma Communication Maxburg Capital Partners
2/25/2025ContentservCentric SoftwareExuberance Capital, German Accelerator, Investcorp Technology Partners
2/28/2025GermanedgeAptean, Charlesbank Capital Partners, Clearlake Capital Group, Insight Partners, TA Associates Management, Vista Equity PartnersAlpina Partners
2/26/2025Netz16Accompio, EOS Partners
2/4/2025HBSNEMERAM, Init, Rivean Capital
2/27/2025ID QuantiqueIonQ Paeonia Group, SK Square, T.Capital, University of Geneva
2/27/2025Implico GroupEgeriaBPE Hamburg
2/14/2025Quattron IceLake Capital
2/25/2025EWM GlobalAbu Dhabi Investment Authority, CVC Capital Partners , TMF Group
2/18/20258comHannover Finanz Group
2/1/2025Dream Chip TechnologiesHero Electronix, TessolveGOODIX Technology
2/18/2025FormwareDocuMatrixFLEX Capital Management
2/14/2025NEXTRAILIceLake Capital
2/24/2025Micro Resist TechnologyTokyo Ohka Kogyo
2/1/2025SiSSLafayette Mittelstand Capital, Wecubex
2/5/2025EOMAPFugro
2/20/2025Likemindednilo.healthChristian Weiss, Google for Startups, Hasso Plattner Institute, Heartcore Capital, Holtzbrinck Digital, IBB Ventures, N & V Capital
2/4/2025Alfavet TierarzneimittelWreeko MittelstandspartnerSeqos Capital
2/5/2025Elko Verbindungstechnikigus
2/11/2025Digital Spine
2/12/2025NetTV PlusTelekom SrbijaUnited Group
2/18/2025Fiskaltrust ConsultingBreyer Capital, European Bank for Reconstruction and Development, J.P. Morgan, Viva Wallet
2/1/2025Topometric EngineeringJAHN interprof
2/14/2025ROSHO Automotive SolutionsAddtech
2/27/2025Peers SolutionsEdyoucatedAuxxo, First Momentum Ventures, Fortino Capital Partners, seed + speed Ventures, TRUMPF Venture
2/13/2025SIMCharactersLaerdal MedicalINiTS Universitäres Gründerservice
2/3/2025BLU DELTACapza, CSS, The Carlyle Group
2/25/2025CalensoAkmazo Capital, JRNI
2/13/2025Digital Vault ServicesDeutsche Börse Group , Lindner Holding
2/12/2025FORUM Gesellschaft für InformationssicherheitAtruvia
2/27/2025QuoTecFortes, Main Capital Partners
2/27/2025GQ Bio TherapeuticsPacira BioSciences High-Tech Gründerfonds, Innovationsstarter, Investitionsbank des Landes Brandenburg, Merck Biopharma, Noshaq, Samum Vermögensverwaltungs
2/27/2025PACTACathay Capital Private Equity, DiliTrust, Eurazeo , Sagard NewGen, Walter VenturesAlexander Warmulla, Dedus Consulting UG, DLT group, Google for Startups, InnovationsCentrum Osnabrück, Jürgen Stahl, Marion Behn, NBank Capital, Thomas Zirngibl, Torsten Meyer
2/19/2025ONE PMCSL Corporate Services Est.Globaleye Ventures
2/3/2025EFT MobilityQuantum Fuel SystemsStrascheg Center for Entrepreneurship, Werk 1
2/8/2025UNIO Enterprise
2/13/2025Herbst DatentechnikAfinum, synaforce
2/20/2025Energenta ErsatzbrennstoffeEnergenta
2/27/2025GetSet SurgicalAstorg, Tecres
2/14/2025Nikkiso EuropeTYHC International PTE. LTDNikkiso
2/5/2025Wolf ProjectHakkawiseGuillaume Tardy, Jean-Conrad Hottinger, Richard Lepeu
2/4/2025ArtBase! SoftwareDEMV Systems
2/5/2025CP Recycling ManagementSeenons
2/17/2025Card complete Service BankEAVISTA BeteiligungsverwaltungsBank Austria, Raiffeisen Bank International
2/19/2025CloudfluidnTop
2/3/2025Konica Minolta Business Solutions France Sinergis ITKonica Minolta Business Solutions France
2/3/2025myprintoo IGO3Dmyprintoo

Source: Pitchbook

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Franziska Wolfgram
f.wolfgram@atares.team
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