42CAP is a Munich-based venture capital firm established in 2016 that specializes in early-stage investments across Europe. Founded by entrepreneurs who previously built some of Europe’s largest software companies, including eCircle and Hybris (Europe’s first SaaS unicorn acquired by SAP in 2013), the firm brings extensive operational experience to its portfolio companies. Managing its fourth fund generation with €50 million raised in April 2025, 42CAP typically invests €0.5 million to €3 million in seed-stage companies and has completed approximately 69 to 79 investments to date.
The firm focuses primarily on tech- and data-driven B2B software companies with global ambitions. Investment targets include SaaS platforms, artificial intelligence applications, advanced analytics solutions, and marketplaces operating in the gig economy. Notable portfolio companies span diverse sectors, from Qdrant’s vector database technology and Katana’s smart manufacturing software to CodeSphere’s cloud development platform and Adverity’s marketing data intelligence solutions. The firm’s leadership team, including General Partners Thomas Wilke, Moritz Zimmermann, and Julian von Fischer, provides hands-on mentorship and strategic guidance based on their experience scaling international technology ventures.
While 42CAP’s core strategy centers on B2B software and data-driven solutions, the firm has made selective investments in clean technology sectors that align with their expertise in data analytics and optimization. In February 2025, 42CAP co-led a $4 million seed funding round for GridRaven, which specializes in grid transmission and dynamic line rating technology to optimize electricity transmission and support renewable energy integration. The firm’s portfolio also includes a company focused on battery intelligence solutions, demonstrating their interest in data-centric applications for energy storage and battery management systems.
