eCAPITAL ENTREPRENEURIAL PARTNERS

Founded in 1999, eCAPITAL is an entrepreneur-led venture capital investor focusing on early- and growth-stage deep-tech companies with a positive impact on society. eCAPITAL is based in Germany and invests with its own funds with a total volume of over € 340 million in the areas of Sustainability, Enterprise Software, Cybersecurity, IoT and New Materials. In addition to financial resources, eCAPITAL offers its portfolio companies strategic support and access to an international network of entrepreneurs, scientists, investors and founders and was lead investor in various deep-tech companies such as sonnen, Novaled or Jedox, which were sold very successfully to international corporates or investors.

Bernd Arkenau

Managing Partner

Katharina Frie

Investment Manager

Michael Mayer

Partner

Lucas Merle

Principal

Svenja Nentwig

Associate

Paul-Josef Patt

Managing Partner and CEO

Hannes Schill

Partner

Dirk Seewald

Partner

Past deals in Germany

Dryad Networks

Convertible Note in 2024
Dryad Networks GmbH, based in Berlin and Eberswalde, Germany, specializes in innovative fire detection and forest health monitoring solutions aimed at protecting vital ecosystems. Founded in 2020, the company develops a large-scale Internet of Things (IoT) network that allows public and private forest owners to monitor and analyze their woodlands effectively. Dryad's technology integrates sensor nodes, distributed gateways, and a robust analytics platform, enabling early detection of wildfires and safeguarding against various environmental threats. By focusing on the preservation of forests, Dryad Networks contributes to the protection of essential carbon sinks and natural habitats, ensuring their longevity for future generations.

nyris

Venture Round in 2023
nyris GmbH is a Berlin-based company that specializes in a visual product search platform, catering to various industries such as retail, e-commerce, industrial, manufacturing, media, entertainment, and financial services. Established in 2015, nyris focuses on providing a more intuitive search experience by allowing users to find products and objects in images and videos through advanced technologies like artificial intelligence and neural networks. This platform is designed to enhance efficiency by delivering search results in under one second, thereby reducing the friction often associated with traditional text-based searches. With a presence in over 50 countries, nyris serves a diverse clientele, enabling them to improve discovery and operational processes. The company is backed by notable investors, including eCapital, IKEA, and Axel Springer.

brighter AI

Series A in 2022
Brighter AI Technologies GmbH, founded in 2017 and based in Berlin, Germany, specializes in artificial intelligence-enabled software solutions that focus on video anonymization and identity protection. The company develops innovative software to recreate daylight images from infrared night images, enhancing capabilities for security professionals in suspect identification while ensuring compliance with privacy regulations like GDPR. Brighter AI's technology effectively anonymizes personally identifiable information, such as faces, allowing organizations to utilize publicly recorded camera data for analytics and AI applications without compromising individual privacy. Recognized as a leading player in the field, the company has garnered accolades for its contributions to privacy-preserving technologies across various sectors, moving beyond its initial focus in the automotive industry.

Papershift

Series A in 2021
Papershift is a SaaS solution for planning, tracking and reporting of working time in companies. Founded in 2015 and based in Karlsruhe, Germany, the company currently employs about 50 people and has several thousand customers in over ten European countries. The team’s vision is to help organizations better organize themselves. For example, teams can use Papershift to create duty or vacation schedules, as well as record and evaluate times. In each case, this can be done via mobile apps, a browser, terminals or via the API. The possibilities of Papershift’s software are also enhanced considerably by an open API, integrations with third-party systems, and a dedicated app store with add-ons.

Prolupin

Venture Round in 2020
Prolupin GmbH, founded in 2010 and based in Grimmen, Germany, specializes in the development and production of vegetable-based food ingredients derived from lupine seeds. As a spin-off from the Fraunhofer Institute for Process Engineering and Packaging, Prolupin leverages advanced expertise in lupine fractionation and food technology to create a range of products, including lupine protein isolate, ice cream, and various herbal food ingredients. These offerings cater to diverse sectors within the food industry, such as bakery, meat, pasta, and health foods, providing consumers with cholesterol-free, lactose-free, vegan, and gluten-free options. Prolupin's innovative approach is supported by multiple patents from the Fraunhofer Institute, solidifying its competitive position in the vegetable protein market.

envelio

Series A in 2019
envelio GmbH, founded in 2017 and based in Cologne, Germany, specializes in developing software and algorithms aimed at enhancing the planning and operation of energy networks. Its primary offering, the Intelligent Grid Platform (IGP), serves as a modular software solution that assists distribution grid operators in digitizing and automating their processes. The IGP includes applications for data quality, grid planning, and grid operation, which help identify and rectify data inconsistencies and optimize congestion management. By leveraging artificial intelligence and mathematical optimization, envelio’s platform supports the integration of numerous distributed energy resources and smart meter data, enabling grid operators to manage the complexities of modern power grids while facilitating a smoother energy transition.

BlueID GmbH

Series A in 2019
BlueID GmbH, founded in 2006 and based in Munich, Germany, specializes in a mobile access control platform that allows users to utilize their smartphones for identification, access control, and authentication. The company's innovative solutions enable smartphones to interact with various objects globally, facilitating secure command execution and the sharing of commonly used items. Originally focused on developing security technology for the automotive sector, BlueID has since diversified its product offerings to encompass applications in facility management and IT. Its platform integrates seamlessly with mobile applications, backend systems, and existing hardware, emphasizing simplicity, intelligence, and security in its designs.

brighter AI

Venture Round in 2019
Brighter AI Technologies GmbH, founded in 2017 and based in Berlin, Germany, specializes in artificial intelligence-enabled software solutions that focus on video anonymization and identity protection. The company develops innovative software to recreate daylight images from infrared night images, enhancing capabilities for security professionals in suspect identification while ensuring compliance with privacy regulations like GDPR. Brighter AI's technology effectively anonymizes personally identifiable information, such as faces, allowing organizations to utilize publicly recorded camera data for analytics and AI applications without compromising individual privacy. Recognized as a leading player in the field, the company has garnered accolades for its contributions to privacy-preserving technologies across various sectors, moving beyond its initial focus in the automotive industry.

IPlytics

Series A in 2019
IPlytics GmbH, founded in 2012 and based in Berlin, operates an online patent analytics platform that assists organizations in analyzing market developments, technology trends, and competitive positions related to patenting and standardization. The platform offers integrated tools for patent analysis, valuations, mapping, and landscaping, including the identification of standard essential patents and patent licensing terms. It enables users to make informed decisions regarding patent positioning, licensing costs, investments, and emerging technologies. Developed by a team of economists, data scientists, and AI engineers, IPlytics combines extensive global patent data with advanced analytical capabilities, allowing users to strategically align their patent portfolios and understand competitive landscapes. The platform is particularly beneficial for technology and IP management teams facing resource constraints, as it streamlines access to critical data for actionable insights and strategic decision-making.

RIPS Technologies

Series A in 2018
RIPS Technologies GmbH, founded in 2010 and based in Bochum, Germany, specializes in automated security analysis software for web applications. The company focuses on identifying threats, scanning code, and providing real-time analysis to track security scores. Known for its advanced PHP code analyzer, RIPS Technologies has developed innovative security testing technologies that can automatically detect complex vulnerabilities, including those in deeply nested code. Recently, the company has expanded its capabilities to include analysis in other programming languages such as Java and JavaScript. As of April 30, 2020, RIPS Technologies operates as a subsidiary of SonarSource SA.

Ferroelectric Memory Company

Series A in 2018
Ferroelectric Memory Company (FMC) specializes in the development of advanced memory solutions utilizing ferroelectric field effect transistors (FeFET), which are characterized by their ultra-low power consumption, high performance, and exceptional temperature stability. The company focuses on non-volatile storage technologies based on ferroelectric hafnium oxide (FE-HfO2), which allows for significant scaling of transistors from 65nm to 28nm and smaller. FMC’s innovations enable substantial reductions in system costs and energy consumption, achieving approximately 80% cost savings, a factor of 1000 reduction in per-bit write energy, and a 70% increase in overall system performance. Its technology is particularly well-suited for integration into artificial intelligence applications and is compatible with cutting-edge processes like 22nm FDSOI and 1X nm FinFET, facilitating its adoption in the latest chip designs. Based in Dresden, Germany, FMC has received support from the EXIST Forschungstransfer program of the Federal Ministry for Economic Affairs and Energy, which underscores its commitment to advancing memory technology.

Sonnen

Series E in 2018
Sonnen is a developer of solar-based energy storage systems that provide clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Since the introduction of the Sonnenbatterie in Germany and Austria in 2011, the company has focused on integrating energy storage with home automation platforms. This integration allows users to actively manage their energy consumption, optimizing the use of energy harvested from solar photovoltaic systems or the grid. Sonnen's offerings extend beyond simple storage, incorporating features such as smart metering and virtual power plant integration, designed to enhance energy management and provide tailored solutions for various energy needs.

Heliatek

Series D in 2017
As the technology leader in organic photovoltaics, Heliatek develops, produces and distributes industrial-grade organic PV solar solutions for virtually any building surface (horizontal, vertical, curved, rigid, and flexible). Heliatek stands for energy solutions designed for various traditional and never been possible before applications based on its unique features – it is ultra-light, flexible and truly green. HeliaSol® is a ready-to-use solution, ideal for retrofitting on existing building structures. HeliaFilm® is tailor-made solar film for companies in the building and construction material industry, to integrate into their façade or roof system products. Heliatek currently employs about 160 people at the Dresden and Ulm locations in Germany. The Free State of Saxony, the Federal Republic of Germany, and the European Union funded research and development, as well as the installation of the production technology.

Videantis

Series A in 2017
Videantis is a one-stop computer vision and video processor IP provider, delivering flexible computer vision, imaging and multi-standard HW/SW video coding solutions for automotive, mobile, consumer, and embedded markets. Based on a unified processor platform approach that is licensed to chip manufacturers, videantis provides tailored solutions to meet the specific needs of its customers. With core competencies of deep camera and video application expert know-how and strong SoC design and system architecture expertise, videantis serves a worldwide customer basis with a diverse range of target applications, such as advanced driver assistance systems and autonomous driving, mobile phones, AR/VR, IoT, gesture interfacing, computational photography, in-car infotainment, and over-the-top TV. Videantis has been recognized with the Red Herring Award and multiple Deloitte Technology Fast 50 Awards as one of the fastest growing technology companies in Germany.

Prolupin

Series D in 2017
Prolupin GmbH, founded in 2010 and based in Grimmen, Germany, specializes in the development and production of vegetable-based food ingredients derived from lupine seeds. As a spin-off from the Fraunhofer Institute for Process Engineering and Packaging, Prolupin leverages advanced expertise in lupine fractionation and food technology to create a range of products, including lupine protein isolate, ice cream, and various herbal food ingredients. These offerings cater to diverse sectors within the food industry, such as bakery, meat, pasta, and health foods, providing consumers with cholesterol-free, lactose-free, vegan, and gluten-free options. Prolupin's innovative approach is supported by multiple patents from the Fraunhofer Institute, solidifying its competitive position in the vegetable protein market.

RIPS Technologies

Seed Round in 2017
RIPS Technologies GmbH, founded in 2010 and based in Bochum, Germany, specializes in automated security analysis software for web applications. The company focuses on identifying threats, scanning code, and providing real-time analysis to track security scores. Known for its advanced PHP code analyzer, RIPS Technologies has developed innovative security testing technologies that can automatically detect complex vulnerabilities, including those in deeply nested code. Recently, the company has expanded its capabilities to include analysis in other programming languages such as Java and JavaScript. As of April 30, 2020, RIPS Technologies operates as a subsidiary of SonarSource SA.

Sonnen

Series D in 2016
Sonnen is a developer of solar-based energy storage systems that provide clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Since the introduction of the Sonnenbatterie in Germany and Austria in 2011, the company has focused on integrating energy storage with home automation platforms. This integration allows users to actively manage their energy consumption, optimizing the use of energy harvested from solar photovoltaic systems or the grid. Sonnen's offerings extend beyond simple storage, incorporating features such as smart metering and virtual power plant integration, designed to enhance energy management and provide tailored solutions for various energy needs.

Heliatek

Series D in 2016
As the technology leader in organic photovoltaics, Heliatek develops, produces and distributes industrial-grade organic PV solar solutions for virtually any building surface (horizontal, vertical, curved, rigid, and flexible). Heliatek stands for energy solutions designed for various traditional and never been possible before applications based on its unique features – it is ultra-light, flexible and truly green. HeliaSol® is a ready-to-use solution, ideal for retrofitting on existing building structures. HeliaFilm® is tailor-made solar film for companies in the building and construction material industry, to integrate into their façade or roof system products. Heliatek currently employs about 160 people at the Dresden and Ulm locations in Germany. The Free State of Saxony, the Federal Republic of Germany, and the European Union funded research and development, as well as the installation of the production technology.

Greenergetic

Venture Round in 2016
Greenergetic GmbH, founded in 2013 and based in Bielefeld, Germany, specializes in the sale of photovoltaic cells and systems to consumers through an online platform. As a subsidiary of innogy SE, the company provides comprehensive online tools that facilitate the configuration of photovoltaic systems for residential use. Greenergetic offers a white-label online portal, enabling energy providers to present energy-efficient products, including photovoltaic systems, energy storage solutions, heating options, and smart home technologies, to their customers. The company aims to simplify and enhance access to the renewable energy market for individuals and businesses alike.

PERORA

Series A in 2016
PERORA GmbH is a biotechnology company based in Heidelberg, Germany, established in 2013. The company develops innovative solutions for weight management and obesity treatment, notably through a polymer-based fat-binding medical device. Additionally, PERORA produces and markets REDIA, a nutritional supplement recognized for its health benefits, specifically in lowering postprandial blood sugar levels. This product has received patents in the European Union, the United States, and other countries, and has been clinically validated for use in patients with type 2 diabetes. REDIA is available for purchase in Germany through its website and various online pharmacies. PERORA aims to expand its offerings by establishing a subscription model for the self-management of chronic, age-related metabolic health in Europe and seeks to license its products for international markets.

Prolupin

Series C in 2016
Prolupin GmbH, founded in 2010 and based in Grimmen, Germany, specializes in the development and production of vegetable-based food ingredients derived from lupine seeds. As a spin-off from the Fraunhofer Institute for Process Engineering and Packaging, Prolupin leverages advanced expertise in lupine fractionation and food technology to create a range of products, including lupine protein isolate, ice cream, and various herbal food ingredients. These offerings cater to diverse sectors within the food industry, such as bakery, meat, pasta, and health foods, providing consumers with cholesterol-free, lactose-free, vegan, and gluten-free options. Prolupin's innovative approach is supported by multiple patents from the Fraunhofer Institute, solidifying its competitive position in the vegetable protein market.

Sonnen

Series C in 2015
Sonnen is a developer of solar-based energy storage systems that provide clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Since the introduction of the Sonnenbatterie in Germany and Austria in 2011, the company has focused on integrating energy storage with home automation platforms. This integration allows users to actively manage their energy consumption, optimizing the use of energy harvested from solar photovoltaic systems or the grid. Sonnen's offerings extend beyond simple storage, incorporating features such as smart metering and virtual power plant integration, designed to enhance energy management and provide tailored solutions for various energy needs.

Prolupin

Series C in 2015
Prolupin GmbH, founded in 2010 and based in Grimmen, Germany, specializes in the development and production of vegetable-based food ingredients derived from lupine seeds. As a spin-off from the Fraunhofer Institute for Process Engineering and Packaging, Prolupin leverages advanced expertise in lupine fractionation and food technology to create a range of products, including lupine protein isolate, ice cream, and various herbal food ingredients. These offerings cater to diverse sectors within the food industry, such as bakery, meat, pasta, and health foods, providing consumers with cholesterol-free, lactose-free, vegan, and gluten-free options. Prolupin's innovative approach is supported by multiple patents from the Fraunhofer Institute, solidifying its competitive position in the vegetable protein market.

Sonnen

Series B in 2014
Sonnen is a developer of solar-based energy storage systems that provide clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Since the introduction of the Sonnenbatterie in Germany and Austria in 2011, the company has focused on integrating energy storage with home automation platforms. This integration allows users to actively manage their energy consumption, optimizing the use of energy harvested from solar photovoltaic systems or the grid. Sonnen's offerings extend beyond simple storage, incorporating features such as smart metering and virtual power plant integration, designed to enhance energy management and provide tailored solutions for various energy needs.

Heliatek

Series C in 2014
As the technology leader in organic photovoltaics, Heliatek develops, produces and distributes industrial-grade organic PV solar solutions for virtually any building surface (horizontal, vertical, curved, rigid, and flexible). Heliatek stands for energy solutions designed for various traditional and never been possible before applications based on its unique features – it is ultra-light, flexible and truly green. HeliaSol® is a ready-to-use solution, ideal for retrofitting on existing building structures. HeliaFilm® is tailor-made solar film for companies in the building and construction material industry, to integrate into their façade or roof system products. Heliatek currently employs about 160 people at the Dresden and Ulm locations in Germany. The Free State of Saxony, the Federal Republic of Germany, and the European Union funded research and development, as well as the installation of the production technology.

Prolupin

Series B in 2014
Prolupin GmbH, founded in 2010 and based in Grimmen, Germany, specializes in the development and production of vegetable-based food ingredients derived from lupine seeds. As a spin-off from the Fraunhofer Institute for Process Engineering and Packaging, Prolupin leverages advanced expertise in lupine fractionation and food technology to create a range of products, including lupine protein isolate, ice cream, and various herbal food ingredients. These offerings cater to diverse sectors within the food industry, such as bakery, meat, pasta, and health foods, providing consumers with cholesterol-free, lactose-free, vegan, and gluten-free options. Prolupin's innovative approach is supported by multiple patents from the Fraunhofer Institute, solidifying its competitive position in the vegetable protein market.

Turbina Energy

Venture Round in 2014
Turbina Energy, founded in 2006 and headquartered in Unterhaching, Bayern, Germany, specializes in the development, manufacturing, marketing, and installation of innovative small wind turbines and hybrid power systems. The company focuses on creating sustainable and economically viable energy solutions, with products ranging from 1kW to 4kW. Through extensive research and development, Turbina Energy aims to contribute to cleaner environmental practices while offering tailored energy solutions that cater to diverse needs. Their commitment to smart design and functionality positions them as a key player in the renewable energy sector.

Sonnen

Series A in 2013
Sonnen is a developer of solar-based energy storage systems that provide clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Since the introduction of the Sonnenbatterie in Germany and Austria in 2011, the company has focused on integrating energy storage with home automation platforms. This integration allows users to actively manage their energy consumption, optimizing the use of energy harvested from solar photovoltaic systems or the grid. Sonnen's offerings extend beyond simple storage, incorporating features such as smart metering and virtual power plant integration, designed to enhance energy management and provide tailored solutions for various energy needs.

Subitec

Series B in 2012
Subitec GmbH, founded in 2000 as a spin-off from the Fraunhofer Institute for Interfacial and Biotechnology, specializes in manufacturing microalgae biotechnology cultivation equipment and turn-key production systems. The company offers a range of Flat Panel Airlift Photobioreactors in various sizes, including 6 liter, 28 liter, 100 liter, and 180 liter volumes, along with essential components such as lighting systems, media feeds, temperature control, and harvesting tools. Subitec's systems are designed for diverse applications, including nutraceuticals, food and feed, aquaculture, cosmetics, research, and energy markets. The company provides solutions for indoor, outdoor, compact, and hybrid systems, as well as pilot plants, enabling clients to produce sustainable bio-products from microalgae. Based in Stuttgart, Germany, Subitec operates as a subsidiary of Roeser Medical GmbH & Co. KG.

CNM Technologies

Seed Round in 2012
CNM Technologies is a German company specializing in the development, production, and marketing of carbon-based nanomembranes. Their company with research and development activities is located in Bielefeld. CNM Technologies has a broad patent portfolio that protects materials, manufacturing processes and end products. They work in a close network of development partnerships with prestigious institutes, universities and industrial companies in several European countries.

Feranova

Series A in 2011
Feranova is a manufacturer and service provider in the solar industry, specializing in both photovoltaic (PV) and concentrated solar power (CSP) projects. The company manages all stages of project development internally, from planning to implementation. After successfully developing an innovative CSP-aluminium mirror, Feranova is now concentrating on the planning and commercialization of solar thermal equipment, both in Germany and internationally. Additionally, the company constructs turn-key solar thermal facilities for thermal solar power plants, offering a range of products that include sandwich mirrors, CSP collectors, and PV modules. Feranova aims to transform environmental challenges into economically viable projects, catering to both private and industrial clients while promoting global environmental preservation.

svh24.de

Series A in 2010
Svh24.de is a Germany-based online shop specializing in tools, equipment, and production supplies. SVH Handels-GmbH is a wholly owned subsidiary of HAHN + KOLB Werkzeuge GmbH based in Ludwigsburg. SVH Handels-GmbH and HAHN + KOLB Werkzeuge GmbH are companies of the Würth Group based in Künzelsau. The Würth Group is the world market leader in its core business of trading in assembly and fastening materials. It currently consists of over 400 companies in more than 80 countries and employs more than 70,000 people. Further information about the Würth Group can be found at www.wuerth.com . As early as 1998, Alexander Schmidt founded the predecessor company of today's SVH Handels-GmbH. The high commitment to the needs of its customers has since formed the basis for the steady growth of the company. The online shop svh24.de is the procurement portal for professional craftsmen and ambitious DIY enthusiasts to meet their recurring needs.

Heliatek

Series B in 2009
As the technology leader in organic photovoltaics, Heliatek develops, produces and distributes industrial-grade organic PV solar solutions for virtually any building surface (horizontal, vertical, curved, rigid, and flexible). Heliatek stands for energy solutions designed for various traditional and never been possible before applications based on its unique features – it is ultra-light, flexible and truly green. HeliaSol® is a ready-to-use solution, ideal for retrofitting on existing building structures. HeliaFilm® is tailor-made solar film for companies in the building and construction material industry, to integrate into their façade or roof system products. Heliatek currently employs about 160 people at the Dresden and Ulm locations in Germany. The Free State of Saxony, the Federal Republic of Germany, and the European Union funded research and development, as well as the installation of the production technology.

Novaled

Series C in 2009
Novaled AG is a technology provider specializing in organic light-emitting diode (OLED) technologies, targeting the organic electronics market. Based in Dresden, Germany, and established in 2003, the company focuses on high-efficiency, long-lifetime OLED structures, leveraging its expertise in synthetic and analytical chemistry. Novaled offers complete solutions that include its proprietary Doping technology and materials, catering to customers in various sectors, including televisions and mobile devices. The company has built strong partnerships with major players in the OLED industry and holds a robust intellectual property portfolio, with over 500 patents granted or pending. Additionally, Novaled maintains branch offices in Asia to support its global operations.

DIVOLUTION

Venture Round in 2008
DIVOLUTION is a German company that offers testing and targeting technology.

Lumics

Series B in 2005
Lumics GmbH, founded in 2000 and based in Berlin, Germany, specializes in the design and manufacture of semiconductor diode lasers and laser modules. The company's product offerings include singlemode and multimode diode lasers, laser modules, and systems, with wavelengths ranging from 750 nm to 1960 nm. These products are utilized in a variety of applications such as medical and life sciences, material processing, analytics, sensing, metrology, telecommunications, and security. Lumics also provides accessories, drivers, and compact fiber-coupled devices, supporting optical communication networks and industrial laser applications. The company operates as a subsidiary of Scansonic Ipt GmbH.
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