HV Capital

HV Capital is a Munich-based venture capital firm supporting founders in developing internet companies. Established in 2000, it has invested in over 200 companies including Zalando and Delivery Hero, with fund sizes ranging from €500,000 to €50 million.

Sven Achter

Founding Partner

Nawid Ali-Abbassi

Partner

Zuzanna Czapinska

Associate

Jannis Fett

Associate

David Fischer

Principal

Past deals in FMCG

Holy

Venture Round in 2025
Holy is a company dedicated to revolutionizing the soft drink industry by offering powder-based beverages. Their product lineup includes HOLY Energy and HOLY Iced Tea, both designed to be sugar-free and sustainably packaged. Holy emphasizes delivering a unique taste experience while promoting social responsibility. The company provides a diverse range of flavors and options, catering to various customer preferences, and actively seeks to engage individuals interested in joining their team.

KoRo

Series C in 2024
KoRo is a snacking brand offering a wide range of natural foods, clean-label snacks, functional foods, superfoods, dried fruits, nuts, seeds, cereals, nut butters, supplements, organic drinks, juices, and protein bars.

KoRo

Series B in 2023
KoRo is a snacking brand offering a wide range of natural foods, clean-label snacks, functional foods, superfoods, dried fruits, nuts, seeds, cereals, nut butters, supplements, organic drinks, juices, and protein bars.

Everdrop

Series B in 2022
Everdrop GmbH, founded in 2019 and based in Munich, Germany, specializes in the manufacturing of sustainable cleaning products. The company offers a range of plastic-free packaged cleanser tablets, reusable spray bottles, and vegan natural cosmetics, all designed to minimize the use of disposable plastic and unnecessary chemicals. Everdrop's products enable consumers to create an eco-friendly household by providing convenient solutions for cleaning various surfaces, including kitchens and bathrooms. By focusing on sustainability and simplicity, Everdrop aims to promote a more responsible approach to household cleaning.

KoRo

Series B in 2022
KoRo is a snacking brand offering a wide range of natural foods, clean-label snacks, functional foods, superfoods, dried fruits, nuts, seeds, cereals, nut butters, supplements, organic drinks, juices, and protein bars.

Everdrop

Seed Round in 2021
Everdrop GmbH, founded in 2019 and based in Munich, Germany, specializes in the manufacturing of sustainable cleaning products. The company offers a range of plastic-free packaged cleanser tablets, reusable spray bottles, and vegan natural cosmetics, all designed to minimize the use of disposable plastic and unnecessary chemicals. Everdrop's products enable consumers to create an eco-friendly household by providing convenient solutions for cleaning various surfaces, including kitchens and bathrooms. By focusing on sustainability and simplicity, Everdrop aims to promote a more responsible approach to household cleaning.

The Naked Market

Seed Round in 2020
The Naked Market is a consumer products company specializing in creating a portfolio of food and beverage brands. It produces health-oriented snacks, including non-GMO and keto-friendly options such as puffs, acai smoothie bowls, and chicken chips.

Everdrop

Seed Round in 2020
Everdrop GmbH, founded in 2019 and based in Munich, Germany, specializes in the manufacturing of sustainable cleaning products. The company offers a range of plastic-free packaged cleanser tablets, reusable spray bottles, and vegan natural cosmetics, all designed to minimize the use of disposable plastic and unnecessary chemicals. Everdrop's products enable consumers to create an eco-friendly household by providing convenient solutions for cleaning various surfaces, including kitchens and bathrooms. By focusing on sustainability and simplicity, Everdrop aims to promote a more responsible approach to household cleaning.

B2B Food Group

Series A in 2018
B2B Food Group is a prominent corporate food management platform headquartered in Berlin, Germany. Established in 2018, the company operates in eight countries and boasts a network of over 3,000 partners. It specializes in providing business clients with a user-friendly online ordering and management system for food procurement. Simultaneously, B2B Food Group equips suppliers with advanced technology solutions to enhance their online presence and facilitate business growth. The platform offers Europe's largest selection of food products and is recognized as the market leader in Australia, making it a key player in the global business food sector.

Linio

Private Equity Round in 2016
Linio is an e-commerce company based in Mexico City, Mexico, established in 2012. It operates an online marketplace that offers a diverse range of consumer goods, including home appliances, electronics, technology products, fashion, sporting goods, toys, books, and personal care items. The company serves several rapidly growing markets in Latin America, including Mexico, Colombia, Peru, and Venezuela. Linio focuses on providing consumers with a wide selection of products at competitive prices, often featuring attractive deals and discounts. As of August 2018, Linio functions as a subsidiary of Falabella S.A.

Springlane

Series B in 2015
Founded in 2012, Springlane operates an online platform specializing in kitchen and cooking products. Initially a shopping club for enthusiasts, it evolved into Germany's leading online retailer in this vertical, offering over 15,000 products from 750 premium brands. Since 2018, Springlane has focused on developing integrated consumer brands, ranking among Europe's most influential food content websites.

Bonativo

Series A in 2015
Bonativo GmbH is an online platform that specializes in regional food delivery, providing customers with the convenience of ordering food products online. Founded in 2014 by Christian Eggert and headquartered in Berlin, Germany, Bonativo allows users to either pick up their orders from nearby food assembly outlets or enjoy home delivery. The company's focus on local sourcing aims to connect consumers with fresh, high-quality food options.

HelloFresh

Series C in 2013
HelloFresh is a food subscription company that delivers personalized meal boxes containing pre-portioned ingredients to customers' doorsteps each week. The company focuses on providing quick and healthy meal solutions designed by nutritionists and chefs, allowing households to enjoy wholesome home-cooked meals without the need for planning or shopping. Operating in multiple international markets, including Europe, Japan, Australia, and North America, HelloFresh aims to revolutionize the way consumers shop for food and prepare meals by simplifying the cooking process. Its subscription model promotes convenience and addresses the desire for high-quality, ecological foods. By fundamentally changing the traditional food supply chain, HelloFresh is positioned at the forefront of the online food delivery trend.

Springlane

Series A in 2013
Founded in 2012, Springlane operates an online platform specializing in kitchen and cooking products. Initially a shopping club for enthusiasts, it evolved into Germany's leading online retailer in this vertical, offering over 15,000 products from 750 premium brands. Since 2018, Springlane has focused on developing integrated consumer brands, ranking among Europe's most influential food content websites.

HelloFresh

Series B in 2012
HelloFresh is a food subscription company that delivers personalized meal boxes containing pre-portioned ingredients to customers' doorsteps each week. The company focuses on providing quick and healthy meal solutions designed by nutritionists and chefs, allowing households to enjoy wholesome home-cooked meals without the need for planning or shopping. Operating in multiple international markets, including Europe, Japan, Australia, and North America, HelloFresh aims to revolutionize the way consumers shop for food and prepare meals by simplifying the cooking process. Its subscription model promotes convenience and addresses the desire for high-quality, ecological foods. By fundamentally changing the traditional food supply chain, HelloFresh is positioned at the forefront of the online food delivery trend.

Linio

Series A in 2012
Linio is an e-commerce company based in Mexico City, Mexico, established in 2012. It operates an online marketplace that offers a diverse range of consumer goods, including home appliances, electronics, technology products, fashion, sporting goods, toys, books, and personal care items. The company serves several rapidly growing markets in Latin America, including Mexico, Colombia, Peru, and Venezuela. Linio focuses on providing consumers with a wide selection of products at competitive prices, often featuring attractive deals and discounts. As of August 2018, Linio functions as a subsidiary of Falabella S.A.
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