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

Lina Chong

Partner

Zuzanna Czapinska

Associate

Jannis Fett

Associate

David Fischer

Principal

Fabian Gruner

Principal

Said Haschemi

Investor

Alexander Joel-Carbonell

Partner

Christoph Jung

General Partner

Felix Klühr

Partner

David Kuczek

General Partner

Lars Langusch

Partner

Jan Miczaika

Partner

Barbod Namini

Partner

Christian Saller Ph.D

General Partner

Dr. Laura Seifert

Investor

Martin Weber

General Partner

Past deals in Shopping

Delli

Seed Round in 2024
Delli is a platform that connects consumers with independent food and beverage producers. It enables users to buy and sell products, fostering a community where everyone can discover and share new culinary experiences.

Fleek

Venture Round in 2023
Fleek is a B2B wholesale marketplace for second-hand and vintage fashion that connects retailers and online resellers with a global network of suppliers, including used clothing wholesalers, rag-houses, and donation centers. The platform enables buyers to search by product category, price, and location, view and inspect items before purchase, and ask questions directly to wholesalers, facilitating private buying experiences and streamlined sourcing of vintage goods.

JOKR

Series C in 2023
JOKR is a global platform for instant retail delivery operating at a hyper-local scale. It offers a fast, personalized, and sustainable grocery shopping experience through its network of micro-fulfillment centers, delivering orders within minutes.

Instant

Seed Round in 2022
At Instant we’re on a mission to empower eCommerce merchants with insanely great products that help them grow faster for less.

Delli

Venture Round in 2022
Delli is a platform that connects consumers with independent food and beverage producers. It enables users to buy and sell products, fostering a community where everyone can discover and share new culinary experiences.

Delli

Seed Round in 2021
Delli is a platform that connects consumers with independent food and beverage producers. It enables users to buy and sell products, fostering a community where everyone can discover and share new culinary experiences.

JOKR

Series B in 2021
JOKR is a global platform for instant retail delivery operating at a hyper-local scale. It offers a fast, personalized, and sustainable grocery shopping experience through its network of micro-fulfillment centers, delivering orders within minutes.

JOKR

Series A in 2021
JOKR is a global platform for instant retail delivery operating at a hyper-local scale. It offers a fast, personalized, and sustainable grocery shopping experience through its network of micro-fulfillment centers, delivering orders within minutes.

Global Savings Group

Venture Round in 2020
Founded in 2012, Global Savings Group operates a network of digital shopping destinations, including coupon sites and cashback platforms, empowering millions of users worldwide to make smarter spending decisions. Active in over 20 countries with offices globally.

Global Savings Group

Series D in 2020
Founded in 2012, Global Savings Group operates a network of digital shopping destinations, including coupon sites and cashback platforms, empowering millions of users worldwide to make smarter spending decisions. Active in over 20 countries with offices globally.

Global Savings Group

Series C in 2017
Founded in 2012, Global Savings Group operates a network of digital shopping destinations, including coupon sites and cashback platforms, empowering millions of users worldwide to make smarter spending decisions. Active in over 20 countries with offices globally.

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.

LYKE

Series A in 2016
LYKE, established in 2015 and headquartered in Jakarta Selatan, Indonesia, operates a web portal and mobile application focused on fashion and shopping. The company employs visual recognition and artificial intelligence technologies to facilitate fashion discoveries for users within its platform. Users can follow trends, browse products, and make purchases using various payment methods, including cash on delivery.

Home24

Venture Round in 2016
Home24 SE is a prominent retailer specializing in the marketing, sale, and distribution of a wide range of furniture and home furnishings. Founded in 2009 by Christoph Cordes, Felix Jahn, Marc Appelhoff, and Philipp Kreibohm, the company offers a diverse selection of products, including large furniture items such as sofas, tables, and beds, as well as smaller items like lighting, decorations, and storage solutions. Home24 operates under various brand names, including Home24, Mobly, and Ars Manufacti. The company serves customers through a combination of seven showrooms located in Germany and Austria, alongside its robust online platform, which is accessible via websites and mobile applications. Home24 has a significant presence in several European countries, including France, Italy, and the Netherlands, and it also operates in Brazil, with the majority of its revenue generated from its European segment. The company's headquarters is located in Berlin, Germany.

Global Savings Group

Series B in 2015
Founded in 2012, Global Savings Group operates a network of digital shopping destinations, including coupon sites and cashback platforms, empowering millions of users worldwide to make smarter spending decisions. Active in over 20 countries with offices globally.

Locafox

Series A in 2015
Locafox GmbH operates an online platform that offers detailed information about local retail stores, including product location, availability, and pricing. Founded in 2013 and based in Berlin, Germany, the company enhances the offline shopping experience by enabling consumers to make informed purchasing decisions. Locafox provides various services such as local product inventory information, the ability to reserve or buy products online for in-store pickup, and same-day delivery options. This platform aims to assist consumers in finding products in nearby stores while helping local businesses digitize their offerings to thrive in a competitive market. As of October 2020, Locafox operates as a subsidiary of Anker Kassensysteme GmbH.

Global Savings Group

Series A in 2014
Founded in 2012, Global Savings Group operates a network of digital shopping destinations, including coupon sites and cashback platforms, empowering millions of users worldwide to make smarter spending decisions. Active in over 20 countries with offices globally.

Locafox

Venture Round in 2014
Locafox GmbH operates an online platform that offers detailed information about local retail stores, including product location, availability, and pricing. Founded in 2013 and based in Berlin, Germany, the company enhances the offline shopping experience by enabling consumers to make informed purchasing decisions. Locafox provides various services such as local product inventory information, the ability to reserve or buy products online for in-store pickup, and same-day delivery options. This platform aims to assist consumers in finding products in nearby stores while helping local businesses digitize their offerings to thrive in a competitive market. As of October 2020, Locafox operates as a subsidiary of Anker Kassensysteme GmbH.

OnlineTours

Venture Round in 2014
OnlineTours is a Russian online travel agency specializing in the sale of packaged tourist tours through its website. The company operates a digital platform designed to help users plan their holiday vacations by providing a user-friendly search system for various destinations. OnlineTours facilitates the entire process of searching, booking, and paying for tours, allowing clients to easily select their ideal vacation options. By offering a comprehensive range of services, the company aims to enhance the travel planning experience for its customers.

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.

Locafox

Seed Round in 2013
Locafox GmbH operates an online platform that offers detailed information about local retail stores, including product location, availability, and pricing. Founded in 2013 and based in Berlin, Germany, the company enhances the offline shopping experience by enabling consumers to make informed purchasing decisions. Locafox provides various services such as local product inventory information, the ability to reserve or buy products online for in-store pickup, and same-day delivery options. This platform aims to assist consumers in finding products in nearby stores while helping local businesses digitize their offerings to thrive in a competitive market. As of October 2020, Locafox operates as a subsidiary of Anker Kassensysteme GmbH.

Global Savings Group

Seed Round in 2013
Founded in 2012, Global Savings Group operates a network of digital shopping destinations, including coupon sites and cashback platforms, empowering millions of users worldwide to make smarter spending decisions. Active in over 20 countries with offices globally.

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.

21Diamonds

Series C in 2012
21Diamonds.in is an online jewelry shopping store that offers top quality diamond, gold and silver jewelry and accessories with conspicuously matchless designs. With its affordable prices and unique jewelry shopping experience, 21Diamonds is a one stop destination for making all your jewelry buying dreams come true.

BerryAvenue

Venture Round in 2012
BerryAvenue is an operator of an online shopping club that offers a unique platform for consumers to engage with celebrity endorsements. The company provides an online shopping experience where celebrities share shopping tips and recommend a variety of products, allowing customers to purchase these items directly through its website. By combining celebrity influence with e-commerce, BerryAvenue creates an innovative shopping environment that enhances consumer decision-making and promotes product sales.

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.

Home24

Venture Round in 2012
Home24 SE is a prominent retailer specializing in the marketing, sale, and distribution of a wide range of furniture and home furnishings. Founded in 2009 by Christoph Cordes, Felix Jahn, Marc Appelhoff, and Philipp Kreibohm, the company offers a diverse selection of products, including large furniture items such as sofas, tables, and beds, as well as smaller items like lighting, decorations, and storage solutions. Home24 operates under various brand names, including Home24, Mobly, and Ars Manufacti. The company serves customers through a combination of seven showrooms located in Germany and Austria, alongside its robust online platform, which is accessible via websites and mobile applications. Home24 has a significant presence in several European countries, including France, Italy, and the Netherlands, and it also operates in Brazil, with the majority of its revenue generated from its European segment. The company's headquarters is located in Berlin, Germany.

Dafiti

Venture Round in 2012
Dafiti is an e-commerce platform based in São Paulo, Brazil, offering footwear, fashion and lifestyle products for men and women. The site features more than 1,000 national and international brands and a catalog of over 100,000 products. Launched in 2010 by a group of founders, Dafiti operates as an online retailer connecting fashion brands with consumers through its digital marketplace.

21Diamonds

Venture Round in 2011
21Diamonds.in is an online jewelry shopping store that offers top quality diamond, gold and silver jewelry and accessories with conspicuously matchless designs. With its affordable prices and unique jewelry shopping experience, 21Diamonds is a one stop destination for making all your jewelry buying dreams come true.

Dafiti

Series A in 2011
Dafiti is an e-commerce platform based in São Paulo, Brazil, offering footwear, fashion and lifestyle products for men and women. The site features more than 1,000 national and international brands and a catalog of over 100,000 products. Launched in 2010 by a group of founders, Dafiti operates as an online retailer connecting fashion brands with consumers through its digital marketplace.

Jabong.com

Seed Round in 2010
Jabong.com is the best Online shopping Portal in India for men, women & kids for shoes, clothing, watches, sunglasses. Jabong was once thought to own one-quarter of India’s fashion e-commerce market, making it the chief threat to Myntra.

Lamoda

Seed Round in 2010
Lamoda is the leading online retailer in Russia and the CIS, providing a wide selection of over 1,000,000 products from 900 international brands, including apparel, shoes, accessories, and beauty products. Established in 2011 by founders Dominik Picker, Florian Jansen, Burkhard Binder, and Niels Tonsen, Lamoda emphasizes customer experience by offering free shipping, a try-on service, and a generous return policy that allows customers to return items free of charge within 365 days. The company also operates Lamoda Express, its express delivery network, facilitating next-day delivery to more than twenty-five cities across Russia and Kazakhstan.

Namshi

Seed Round in 2010
Namshi General Trading L.L.C is a prominent online retailer based in Dubai, United Arab Emirates, specializing in men's, women's, and children's apparel, footwear, accessories, and home and lifestyle products. Established in 2011, the company serves customers across the Gulf Cooperation Council (GCC) countries, including Saudi Arabia, Bahrain, Kuwait, Oman, and Qatar. Namshi features a diverse selection of over 550 brands, including well-known international labels such as Lacoste, Nike, and Emporio Armani, and acts as an exclusive distributor for various brands seeking to enter the Middle Eastern market. The platform emphasizes customer convenience with services like free delivery across the GCC, a 14-day return policy, and cash-on-delivery options, aiming to foster lasting relationships with its clientele. As of August 2017, Namshi operates as a subsidiary of Emaar Malls PJSC.

Zalando

Series A in 2010
Founded in Berlin in 2008, Zalando is Europe's leading online fashion platform. It offers a wide range of clothing, footwear, accessories, and beauty products from international brands to local labels. With over 42 million active customers across 17 markets, Zalando aims to be the starting point for fashion. Its efficient logistics network ensures timely delivery throughout Europe.

Groupon

Series C in 2010
Groupon is a global online marketplace that connects consumers with merchants by offering discounted deals on goods and services across categories such as events, travel, dining, beauty, home, and merchandise. The platform operates through websites and mobile apps, enabling users to browse, purchase, and redeem deals, and to discover experiences, getaways, and discounted products. Groupon provides merchants with deal campaigns, payment processing features, and point-of-sale solutions, earning revenue primarily through commissions on transactions conducted via its marketplace and digital coupons. The company operates primarily in North America and internationally through a network of local and national partners, delivering a daily deals and discounts model that positions it as a middleman between shoppers and businesses.

Citydeal.de

Venture Round in 2010
CityDeal is a German based daily deal site which offers discounted deals to consumers on a daily basis based on city. If enough consumers sign up then the deal is on.

Home24

Seed Round in 2009
Home24 SE is a prominent retailer specializing in the marketing, sale, and distribution of a wide range of furniture and home furnishings. Founded in 2009 by Christoph Cordes, Felix Jahn, Marc Appelhoff, and Philipp Kreibohm, the company offers a diverse selection of products, including large furniture items such as sofas, tables, and beds, as well as smaller items like lighting, decorations, and storage solutions. Home24 operates under various brand names, including Home24, Mobly, and Ars Manufacti. The company serves customers through a combination of seven showrooms located in Germany and Austria, alongside its robust online platform, which is accessible via websites and mobile applications. Home24 has a significant presence in several European countries, including France, Italy, and the Netherlands, and it also operates in Brazil, with the majority of its revenue generated from its European segment. The company's headquarters is located in Berlin, Germany.

7trends

Series B in 2009
7trends is an online shop that cares primarily about the heart's desire of a woman.

7trends

Series A in 2009
7trends is an online shop that cares primarily about the heart's desire of a woman.

Restaurant-Kritik

Seed Round in 2008
Yelp is an online platform that provides its users with reviews on culinary experiences. The platform enables its users to upload and share their culinary experiences based on their location with others. Furthermore, they can view to reviews posted by others and provide ratings. They are able to provide reviews on restaurants, shopping, nightlife, sport, beauty, and cars. Yelp was launched in 2002 and is based in Hamburg.

Zalando

Seed Round in 2008
Founded in Berlin in 2008, Zalando is Europe's leading online fashion platform. It offers a wide range of clothing, footwear, accessories, and beauty products from international brands to local labels. With over 42 million active customers across 17 markets, Zalando aims to be the starting point for fashion. Its efficient logistics network ensures timely delivery throughout Europe.

Enamora

Series A in 2008
Enamora operates an online retail platform specializing in lingerie, underwear, and swimwear. The company offers a diverse selection of products for both women and men, encompassing lingerie, undergarments, and loungewear. By focusing on an extensive range of multi-brand offerings, Enamora aims to cater to various customer preferences and needs in intimate apparel.

DaWanda

Venture Round in 2007
DaWanda GmbH is an online marketplace based in Berlin, Germany, specializing in unique and handmade products. Founded in December 2006, the platform connects professional artisans, artists, and designers with consumers seeking distinctive items. DaWanda's extensive product range includes clothing, footwear, accessories, jewelry, furniture, toys, and homeware, allowing users to search by category, price, discount, and other preferences. The site also offers a dedicated section for gift ideas tailored to different recipients and occasions. Additionally, DaWanda provides DIY tutorials, enriching the shopping experience for customers interested in creativity and craftsmanship. The marketplace caters to a diverse clientele with a focus on handmade goods, promoting individual expression and sustainable fashion.

bol.com

Venture Round in 2003
Bol.com is a prominent online retailer based in Nieuwegein-zuid, specializing in a wide range of products, including books, entertainment, electronics, and toys. Established in 1999, the company serves over 4 million active customers in the Netherlands and Belgium. Bol.com offers an extensive selection of over 6 million products, encompassing new and second-hand books, music, DVDs, games, electronic devices, and home goods. Its diverse inventory includes items for cooking, dining, health, beauty, and pet care, as well as furniture and e-readers with thousands of e-books available. Bol.com has gained recognition as one of the most popular online shopping destinations for Dutch-speaking consumers in its operating regions.
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