468 Capital is a venture capital firm founded in 2020, with offices in Berlin and San Francisco. The founders, Alexander Kudlich, Ludwig Ensthaler and Florian Leibert, have almost two decades of experience in tech investing and business development. Since launch, the firm has backed more than 100 early-stage companies and closed a $400 million seed fund in 2023. The founders’ backgrounds include building and scaling businesses across continents, which positions the firm to guide startups entering new markets and supports growth from initial funding through later rounds.
The firm invests across four main sectors: artificial intelligence and process automation, enterprise software and infrastructure, digital consumer and prosumer platforms, and climate-friendly solutions. Its portfolio includes open-source software tools, DevOps and MLOps platforms, robotics applications and cybersecurity services, as well as scalable SaaS products and online marketplaces. The team of former operators delivers more than capital by offering strategic advice on fundraising, market positioning and sales strategy. Investment stages range from pre-seed to Series B rounds.
Clean technology and battery innovation represent a major focus within its climate tech work. 468 Capital targets companies working on battery value chain improvements, grid management tools and novel energy storage systems. An investment in Terra One, which raised $7.5 million to advance battery storage for green power integration, reflects this emphasis. The strategy aligns with rising government incentives for carbon reduction and growing demand for stable, zero-emission power networks.
