B2Venture Announces Close of Fund V at EUR 150 Million Hard Cap to Support the Next Generation of European Tech Leaders

B2Venture, an early-stage venture capital firm, supported by an unparalleled community of angel investors, led by partners Florian Schweitzer, Andreas Goeldi, Christian Schütz, Dominik Perisa, Gerrit Jurilj, Jan-Hendrik Bürk, Mathias Ockenfels, Sven Eppert, and others, has closed Fund V at the hard cap of EUR 150m, its largest fund to date.

The raise marks a major milestone in a 25-year history, with Fund V accelerating the next wave of European tech leaders building scalable, defensible technologies and digital business models. As the largest early-stage fund to date, it will support around 35 new investments, continuing a track record that includes 11 IPOs and at least one unicorn per fund.

The model is built on a founder-centered, long-term support philosophy, with an intergenerational approach where exited founders become investors and pass on capital, networks, and experience. Five fund generations demonstrate the resilience and strength of this community-driven strategy.

Fund V is supported by long-standing and new limited partners, including family offices, institutional investors, and high-net-worth individuals, reflecting confidence in the long-term model and track record. New backers include Flexstone, Stiftung Abendrot, and experienced entrepreneurs and angels such as Thomas Hagemann and Joachim Schoss. A community of 350+ angel investors is systematically integrated to provide capital and domain expertise, with an institutional-and-angel approach focused on precision, patience, and conviction rather than volume.

b2venture has maintained a consistent philosophy since 2000, backing exceptional founders early and supporting them long term. Fund V continues this approach with intergenerational investor continuity and a community-driven model, aiming to partner with around 35 teams building category-defining companies. The firm has supported companies such as DeepL, Raisin, SumUp, and Urban Sports Club, achieving at least one unicorn per fund, 11 IPOs, 30+ trade sales, and multiple recent exits, including Navan’s IPO and Neptune’s sale to OpenAI.

Fund V will invest in around 35 early-stage European startups with an industry-agnostic strategy focused on scalable, defensible technologies. Early investments include Nautica Technologies, Hive Robotics, Augmented Industries, and Assemblean, reflecting a focus on deep tech, AI, robotics, manufacturing, automation, and infrastructure companies shaping Europe’s future.

Venture capital is fundamentally a people-driven business, with a deep angel community that helps source, select, and support founders building category-defining companies. Fund V strengthens this model to back the next generation of European tech leaders with domain expertise alongside capital.

Mathias Ockenfels joined as Partner, strengthening expertise in marketplaces and network-effect businesses and supporting the firm’s intergenerational transition. Long-standing Partner Jochen Gutbrod transitioned to Super Angel, with recognition for shaping the investment philosophy and early investments such as Raisin and Blacklane. Founded in the Alpine corridor and guided by Swiss values of loyalty, continuity, and consistency, the firm has navigated multiple market cycles and continues to focus on long-term, trust-based partnerships with Fund V.