Munich VC firm Picus Capital raises €250m to double down on existing investments (climate being one of them)

The team behind Picus Capital. Photo: press.

German venture capital firm Picus Capital has raised €250 million in a new investment fund to further finance existing early-stage companies in its portfolio, where climate and energy are one of the firm's focus.

Editor-in-chief and founder
No items found.

Picus Capital has raised €250m for a new fund aimed at doubling down on its existing early-stage investments.

The Munich-based firm, which has backed unicorns such as German HR software company Personio and solar power firm Enpal, says it will focus on technology companies in financial services, HR, energy and climate, healthcare, enterprise software and infrastructure, techbio, cybersecurity and AI applications.

"With the launch of Picus Venture Fund II, we are excited to deepen our commitment to the visionary entrepreneurs we’ve partnered with since inception," founding partner and managing director Robin Godenrath said in a statement. "This new fund enables us to continue to provide even more comprehensive support at the most pivotal inflection points of their growth journeys."

The fund is Picus' second "double down" fund aimed at making follow-on investments in existing portfolio companies. Its first such fund raised €100m in 2021.

Picus says it has raised the money from institutional investors such as M&G Investments and Wilshire, as well as global fund of funds, international corporations, European family offices and tech founders.

The firm says it has already made its first investments from the new fund. "We’re also pleased to have already made the first investments from the fund into global, highly disruptive technology companies that align with our vision of backing purpose-driven innovation," partner and head of growth Raphael Mukomilow said.

Subscribe to Europe's new platform for impact news

  • Quality journalism, interviews, investor profiles and deep-dives
  • Join 11 000+ top impact founders and investors across Europe
  • Or get our free daily newsletter
€45
Per month – excl. VAT
Save 15% with a yearly subscription.
Already a subscriber? Log in

Keep reading – get in the loop!

  • Håll dig i loopen med vårt dagliga nyhetsbrev (gratis!)
  • Full tillgång till daglig kvalitetsjournalistik med allt du behöver veta inom impact
  • Affärsnätverk för entreprenörer och investerare med månatliga meetups
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Fortsätt läsa – kom in i loopen!

  • Håll dig i loopen med vårt dagliga nyhetsbrev (gratis)!
  • Full tillgång till daglig kvalitetsjournalistik med allt du behöver veta inom impact
  • Affärsnätverk för entreprenörer och investerare med månatliga meetups
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.