28. October 2025

New Deals September 2025

In the DACH region, we saw 111 technology VC deals in September. The total published invested capital amounted to EUR 399 million and is made up of 58 transactions, while the amounts of the remaining transactions were not publicly disclosed.

DateTargetInvestorDeal size (EUR Mio.)
9/22/2025ANYboticsAramco Ventures, Bessemer Venture Partners, Climate Investment(Felicity O'Kelly), NGP Capital(Christian Noske), Qualcomm Ventures69.04
9/1/2025enspired360 Capital(Cesare Maifredi), Banpu NEXT(Smittipon Srethapramote), Emerald Technology Ventures(Hans Dellenbach), EnBW New Ventures, Future Energy Ventures, Helen Ventures, Presidio Ventures, PUSH Ventures, Vopak Ventures, Zouk Capital40.5
9/26/2025SpineartEGS Beteiligungen(Dominik Sauter), Gimv (BRU: GIMB)(Gautier Lefebvre)26.73
9/10/2025deskbirdAdvance Venture Partners, ALSTIN Capital(Carsten Maschmeyer), Atlantic Vantage Point(François Robinet), NEVA SGR(Mario Costantini), Octopus Ventures(Saranyah Douse), Portfolion Capital Partners, Session.vc(Philippe Bubb)24.51
9/25/2025CorintisA&E Investments, Acequia Capital, AICONIC VENTURES, BlueYard Capital(David Byrd), Celsius Industries, Founderful, XTX Ventures20.48
9/15/2025BiowegAxeleo Capital(Marc Lechantre), BonVenture, European Innovation Council, Frank Jenner(Frank Jenner), NBank Capital16
9/17/2025Kertos10x Founders(Felix Haas), Pi Labs, Portage, Redstone VC, seed + speed Ventures14
9/10/2025Born (Social/Platform Software)Accel, Laton Ventures, Tencent Holdings (HKG: 00700)31017
9/2/2025TanganyBaader Bank (ETR: BWB)(Oliver Riedel), Elevator Ventures(Thomas Muchar), Heliad (ETR: A7A)(Christopher Garlich), High-Tech Gründerfonds(Tobias Schulz), Nauta Capital(Carles Ferrer)23682
9/8/2025EarlySightCADFEM International AG, Fongit, Nina Capital, Nova Capital (Italy), Verve Ventures, Zürcher Kantonalbank45878
9/23/2025SunhatCapnamic Ventures, CommerzVentures(Paul Morgenthaler), EnBW New Ventures, WEPA Ventures, Xdeck Ventures45697
9/4/2025Elea (Healthcare Technology Systems)Fly Ventures(Gabriel Matuschka), Giant Ventures, Innovationsstarter36008
9/3/2025FlybotixGreeneering Invest21033
9/15/2025feld.energyAENU(Philip Specht), Angel Invest(John Berenberg-Consbruch), Future Energy Ventures(Jan Palasinski), HV Capital(David Kuczek)20302
9/23/2025SegaSwap10K Ventures, Sonic SVM(Chris Zhu)19937
9/10/2025Meet5Peak (Amsterdam)(David Zwagemaker)8
9/25/2025revel8Fortino Capital Partners, Merantix Capital, Peak (Amsterdam)7
9/30/2025Hive TechnologiesABFA Investments, Wilshire45844
9/15/2025encentiveBernhard Niesner(Bernhard Niesner), General Catalyst(Robin Dechant), helloworld (VC), SIVentures, Stefan Muller(Stefan Muller), Summiteer, Vireo Ventures45722
9/23/2025FuturailAsterion Ventures(Alexandre Sauvage), EIT KIC Urban Mobility, Heroic Ventures, Leap435(Matthias Kempf), Zero Infinity Partners45782
9/9/2025ARTCLINE5
9/3/2025Econetix (Environmental Services (B2B))IGMJ Fin, Voltares45781
9/22/2025Forgent AICharles Songhurst(Charles Songhurst), Cherry Ventures(Filip Dames), Katrin Suder(Katrin Suder)45720
9/24/2025Holy TechnologiesAdrian Locher(Adrian Locher), Christian Vollmann(Christian Vollmann), EIT Manufacturing, Innovationsstarter, Kai Müller(Kai Müller), Markus Kerkhoff(Markus Kerkhoff), Matthias Dantone(Matthias Dantone), Rockstart(Gem Kua), Sands VC, Timm Moll(Timm Moll), Vanagon Ventures Management(Susanne Fromm)45720
9/1/2025Berlin Heals47209
9/25/2025YaspCapnamic Ventures(Christian Siegele), MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg, Start-up BW45692
9/29/2025MultiwaveAva Investors27089
9/10/2025OpenHealth TechnologiesCalm/Storm Ventures, Carlos Ballarati(Carlos Ballarati), EdenBase (London), Emilio Püschmann(Emilio Püschmann), ETH juniors, Exceptional Ventures, GoHub Ventures, Jörg Kriegsmann(Jörg Kriegsmann), Octopus Ventures, Samanta DallAgnese(Samanta DallAgnese), Simon Krüger(Simon Krüger), Xdeck Ventures, YZR Capital24898
9/16/2025OMMMAndreas Ronken(Andreas Ronken), Dirk Barnard(Dirk Barnard), Holger Schlenger(Holger Schlenger), Luka Mucic(Luka Mucic), Neoteq Ventures, NRW.Bank, Sebastian Diers(Sebastian Diers)45811
9/23/2025Konvo AIAbac Nest Ventures, Combination VC, Itnig, JME Venture Capital, Samaipata, Tomás Pueyo(Tomás Pueyo), Xavier Pladellorens(Xavier Pladellorens)45780
9/17/2025VinlivtTenity(Kevin Chavanne)45780
9/29/2025vibooHigh-Tech Gründerfonds, Realyze Ventures(Marnix Roes), Swisscom Ventures(Jennifer Webb), Zürcher Kantonalbank(Nicola Leuenberger)45719
9/30/2025ArqhFounderful, Merantix Capital44986
9/10/2025PactosAlexander Schwoerer(Alexander Schwoerer), blueworld.Group, Ceres Venture GMBH, CG Partners, Christian Gaiser(Christian Gaiser), Fabian Wittleben(Fabian Wittleben), Franziska Majer(Franziska Majer), High-Tech Gründerfonds(Björn Sykora), HR Angels Club, Jens Bender(Jens Bender), Robin Haak(Robin Haak), Sebastian Dettmers(Sebastian Dettmers)45840
9/1/2025AllassoFuel Ventures(Mark Pearson)20852
9/12/2025PeriVisionArtificial Intelligence Factory, Arya Ventures(Sanem Özal), Cadfem, DART Ventures(Arijana Walcott), Inatec, Juchum Foundation, MEDKAP Investors, SICTIC, Venture Kick, Zühlke20486
9/25/2025SartiqFounderful(Alexander Stöckl), Magic Mind (AI), Venture Kick45323
9/9/2025HyptCOREangels Climate, Gateway Ventures, Next Commerce Accelerator, Nidobirds Ventures, SICTIC, SixThirty Ventures, Venpace27760
9/20/2025Nerit'e25934
9/5/2025SONIX25934
9/12/2025Qala TechBackBone Ventures, Haatch, QBIT Capital, ROI Ventures22647
9/22/2025OptimeleonAdesso Ventures, Artjem Weissbeck(Artjem Weissbeck), Caesar Ventures, Felix Jahn Investments, Valentin Dushe(Valentin Dushe)45778
9/8/2025RecoverisVerifyVASP(ShihYun Chia)12420
9/25/2025onyo (Munich)1
9/4/2025BreathmentAlihan Ozbayrak(Alihan Ozbayrak), Claudia Fell(Claudia Fell), Friebe Investment Holding(Michael Friebe), Meerkat Holding, Michael Friebe(Michael Friebe), SCE Freiraum Ventures0.8
9/9/2025Jaipur RoboticsKickfund(Wanja Humanes), TiVenture(Paolo Orsatti), Venture Kick0.75
9/1/2025mypaperworkAngels United(Karl Büche)0.5
9/22/2025Ayon0.38
9/25/2025FintaloTechstars0.34
9/15/2025CLIMADA TechnologiesMorgan Stanley Inclusive Ventures Lab(Sanghamitra Karra)0.29
9/11/20251-CPTechstars0.19
9/1/2025OrthoSens0.16
9/24/2025SoverliVenture Kick0.16
9/1/2025OptiverseFelix Jahn Investments0.11
9/30/2025Neworn0.05
9/2/2025Auxilius.aiTechstars0.02
9/22/2025XeleritHGS START accelerator0.02
9/1/2025LabflyGreen Health Accelerator0.01
9/1/20255G LabTUDAG
9/22/2025A3 Handelspartner
9/24/2025AkselosGRO Capital(Maxwell Veyhe)
9/23/2025AmnisMastercard Lighthouse
9/1/2025ApoQlar MedicalHH Global Partners
9/1/2025Art of XAxel Springer Porsche
9/1/2025ASH (Biotechnology)Denkapparat
9/22/2025AugmediHGS START accelerator
9/1/2025ChoosyPenteract Capital Partners
9/17/2025comvaHRoAlpha VCX, Invest Unternehmensbeteiligungs
9/1/2025Concero (Database Software)Gami Capital, WTG_Ventures
9/1/2025constellrHH Global Partners
9/1/2025Constructor TechBoğaziçi Ventures
9/1/2025ContainerGridGreen Health Accelerator
9/16/2025DiaMonTechAescuvest, Auxxo, Bioventure, Companisto, Disrupt Technology Venture(Krating Poonpol), Moll Family
9/19/2025DNAirFounders Factory(George Northcott)
9/29/2025ForesAIght.aiBlueLion Incubator
9/24/2025FrostForgeBlueLion Incubator
9/30/2025FrostForgeFongit
9/1/2025Hyphen (Environmental Services (B2B))Prediction Capital
9/19/2025KymatiKNDS(Mathias Noehl)
9/9/2025MODSuffolk Technologies
9/1/2025Momentum TransferVenture Stars
9/1/2025N RoboticsZacua Ventures
9/30/2025Nature RobotsBuilding Global Innovators
9/1/2025NeologyCOREangels Climate, Kickfund, MassChallenge
9/16/2025Neurosoft BioelectronicsPlug and Play Tech Center
9/1/2025Neurovia BioelectronicsHGS START accelerator
9/1/2025Ng-VoiceBoulder Ventures
9/1/2025nooaAtlantic Labs
9/1/2025NooalFiedler Capital
9/8/2025OnconestTenity
9/17/2025Oryl Photonics
9/1/2025OUR GREENERYGreen Health Accelerator
9/2/2025PhontNextMedia.Hamburg
9/1/2025PLACED (Business/Productivity Software)Superangels
9/1/2025PrismKeyWTG_Ventures
9/16/2025PulsetrainAnanda Impact Ventures, Bayern Kapital, Planet A, VSquared Ventures
9/1/2025REFACTUM
9/1/2025RiDERgyGreen Health Accelerator
9/5/2025RisiqWestend Bank(Thomas Rosenfeld)
9/23/2025RobCoMassRobotics(Thomas Ryden)
9/18/2025SEPPmailLEA Partners(Kurt Weise)
9/16/2025Shift StocksSNZ holdings
9/17/2025Shift StocksCointelegraph Accelerator
9/1/2025Smart Systems HubTUDAG
9/2/2025StartMatchChristoph Filnkösl(Christoph Filnkösl), Fedor Holz(Fedor Holz), Susanne Müller-Taborsky(Susanne Müller-Taborsky)
9/1/2025Stream-PunkPenteract Capital Partners(Axel Brunn), Superangels(Daniel Bronk)
9/3/2025SwobbeeSinbon Electronics (TAI: 3023)
9/22/2025TreescatterHGS START accelerator
9/1/2025Ventus TechnologiesFraunhofer Venture
9/1/2025VoyfaiAtempo Growth
9/1/2025Zidle.fiAonia Ventures

Source: Pitchbook

M&A/PE Deals

In September 2025, 80 tech M&A transactions took place in the DACH region, with a total published volume of EUR 1,632 million. This total resulted from 10 individual transactions, while the amounts of the other transactions were not publicly disclosed. One of the most significant transactions was the sale of Cognigy for EUR 818 million.

DateTargetBuyerSeller
9/29/2025AmevidaStröer X(Uwe Lamnek)
9/30/2025Unser Lagerhaus WarenhandelsRaiffeisen e-forceBayWa
9/2/2025MAIT GermanyDeutsche Beteiligungs (ETR: DBAN)(Jannick Hunecke)3i Group
9/25/2025DuagonKnorr-Bremse (ETR: KBX)(Marc Llistosella)Deutsche Beteiligungs
9/26/2025ASTA Energy SolutionsMontana Tech Components
9/23/2025SynvertGlobalLogic(Srinivas Shankar)Maxburg Capital Partners
9/30/2025Vimata GroupDataglobal(Nicolas Schwarzpaul), Elvaston Capital Management
9/16/2025Card complete Service BankEAVISTA Beteiligungsverwaltungs(Arif Babayev)Bank Austria, Raiffeisen Bank International
9/8/2025CognigyNICE (Ra'anana) (TAE: NICE)(Scott Russell)AI Venture Labs, Bjarne Hansen, Digital Incubation and Growth, etc.
9/24/2025EuconArdian, InfoPro Digital(Christophe Czajka)VHV Vereinigte Hannoversche Versicherung
9/17/2025Computop PaygateNexi (MIL: NEXI)(Thomas Spreitzer)
9/18/2025Insiders TechnologiesBregal Unternehmerkapital, Intermediate Capital Group (LON: ICG), Proalpha(Eric Verniaut)
9/16/2025simpleshowD-ID(Gil Perry)AYTK, Bertsch Education GmBH, BIP Capital Partners, etc.
9/19/2025AutomationsRoboticActive Capital Company(Hartwig Ostermeyer)
9/19/2025FlexiCodeEOS Partners (Munich)
9/10/2025InexogyCaisse de dépôt et placement du Québec, Ontario Teachers' Pension Plan, Partners Group (SWX: PGHN), Techem(Matthias Hartmann)
9/15/2025bubble-goSword Group (PAR: SWP)
9/22/2025Mynd (Movies, Music and Entertainment)Mitr Learning & Media
9/15/2025ISOHEATARBANOVA Familienstiftung(Reinhold Barlian)
9/11/2025Affinis Enterprise ServicesDevoteam(Sébastien Chevrel), Kohlberg Kravis Roberts (NYS: KKR)Affinis
9/4/2025Harzer Reifenhandel und Verwertung WernigerodeGrupa Recykl (WAR: GRC)(Maciej Jasiewicz)
9/24/2025Masterplan.comAmadeus Fire (ETR: AAD)(Robert von Wülfing)Crossventures, Delta Invest, Dieter von Holtzbrinck Ventures, etc.
9/30/2025Multi-ComNuent Group, Triton PartnersHefamo Verwaltungs
9/19/2025BelonioHansefit(Roland Reinheimer)
9/23/2025mediDOK Software EntwicklungsMedatixx(Jens Naumann)
9/26/2025MovuMoveAgain(Dominic Schütz)Baloise Holding
9/15/2025BecklynUnic Group
9/24/2025H+W CONSULTArmira Beteiligungen, Salesfive(Alexander Bartels)
9/22/2025IT-Choice SoftwareBregal Unternehmerkapital, Medavis(Thomas Simon)
9/25/2025Radio Bern1Gassmann MediaCH Media Holding
9/26/2025Bloom (Berlin)Arsipa, Warburg PincusMosel Ventures, Robin Capital, YZR Capital
9/25/2025Investment NavigatorAosphere(Marc-Henri Chamay), Endicott Capital, Inflexion Private Equity PartnersFinTech Innovation Lab, Tenity
9/18/2025Negotiation Academy PotsdamThe Gap Partnership(Ann Costelloe)
9/11/2025clare&meHealthycloud(Daniel Schmidt)
9/16/2025Eleven Cyber SecurityHalon Security(Anders Långsved), Intera PartnersDataglobal
9/16/2025ComgyAdvizeo(Cyril Sailly)Apic Investments, BonVenture, Constructive Venture Fund, etc.
9/15/2025Nostos GenomicsVarvis(Ben Liesfeld)42CAP, Acequia Capital, Amino Collective, Charles Songhurst, etc.
9/17/2025net-hausK1 Investment Management, Partner Ventures, Relay Investments, SINGU Platform(Paweł Malon)
9/4/2025P1 FuelsNemesis Ltd
9/30/2025DagosoftCarya Group(Didier Passchier), Pride Capital Partners(Anthony Van Praet)
9/23/2025InCaTec Solution
9/16/2025JustOn (Financial Software)Cloud Coach, Main Capital Partners
9/1/2025RehaMediaDynavox Group (STO: DYVOX)(Nils Normell)
9/24/2025aequitixxAquiline (New York), Everfield(Oscar Koberling)
9/23/2025free-com solutionsMayr-Melnhof Karton
9/4/2025HosteurARD COM(Rahif Daher), Evolem(Sandrine Escaleira)
9/15/2025Managbl.AiCasavi(Peter Schindlmeier)
9/19/2025APICONHawk Infinity
9/2/2025UNIO EnterpriseOrbitsIQ Global
9/11/2025ProJect PharmaceuticsAfinum Management
9/23/2025TunzApis Partners, DT One(Peter De Caluwe)
9/12/2025Hi Human InterfaceRiedel Communications(Thomas Riedel)Broadcast Solutions
9/5/2025MAFU-SHERPA CNC AutomationMafu Group
9/11/2025ShoeAIMy Size (NAS: MYSZ)(Ronen Luzon)BAGi, eNugget Ventures, GoBeyond, SICTIC, Switzerland Innovation Park
9/10/2025Honico SystemsElvaston Capital Management, EMH Partners, Stonebranch(Giuseppe Damiani)
9/11/2025inno-EDVAccompio(Felix Zoebisch), EOS Partners (Munich)
9/9/2025SMARTSEERGiata(Mathis Boldt), Odewald KMU
9/4/2025OBarisJohnson & Johnson (NYS: JNJ)ETH Zurich, Venture Kick
9/5/2025Re.Lion.Bat.PreZero Deutschland(Carsten Dulfer)Deppe, Fahrzeug-Werke Lueg
9/15/2025Green Way EnergyEGC Energy and Building Technology Control(Michael Lowak)
9/1/2025EtralityZiff Davis (NAS: ZD)
9/2/2025SideCapsFondsbörse Deutschland Beteiligungsmakler(Alex Gadeberg)Benedikt Beßmann, High-Tech Gründerfonds, Innovationsstarter, Stock3
9/8/2025AutodartsInflexion Private Equity Partners, Nodor Darts(Vince Bluck)
9/23/2025Axon Technologies (Software Development Applications)Aquavit Pharmaceuticals(Sobin Chang)
9/9/2025Pla.toVecoplan(Martina Schmidt)
9/26/2025RiVOLUTiONMiura Partners, Saesco Medical(Jordi Fluvià)
9/15/2025Sedeodesk.ly(Felix Mohr)
9/8/2025fluentlyfonio.ai(Daniel Keinrath)Softwarebude
9/24/2025HaickerAikido Security(Willem Delbare)Ecole Polytechnique Federale de Lausanne, Ferdinand Dabitz, Project Europe, S2S Ventures, Wingman Campus Fund
9/16/2025BestSensMETAX Coupling and Sealing Technology
9/12/2025Revolver SoftwareBID Equity, Everii Group(Falk Bielesch)
9/9/2025ARIntelligenceReisacher BeteiligungsS4 Computer
9/10/2025bnetwork Switzerlandbnetwork(Stéphane Filone), CapzaHMI Canada
9/17/2025CapeTecTeylor(Amadeus Von Kummer)
9/1/2025Framos (Sony Semiconductor Product Distributor Business in Europe and North America)RESTAR FRAMOS TechnologiesFramos
9/9/2025imofix.ioGaraio Rem
9/16/2025IP Innovation Partners TechnologyVeganz Group (FRA: VEZ)
9/4/2025Labforward (Labfolder and Labregister)SciSure(Philip Meer), Strattam CapitalLabforward
9/30/2025Utimaco TS (Germany)Invision (Zug)(Peter Kroha), PINOVA Capital(Joern Pelzer)Utimaco
9/15/2025Whisper AIEvertrace(Jacob Graubaek Houlberg)

Source: Pitchbook

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