KOEHLER GROUP

Overview

The KOEHLER GROUP describes itself as an entrepreneurially driven single family office, set up after René Köhler's exit from INTERNETSTORES (fahrrad.de), which was sold to SIGNA in 2016. It is organised into Public Markets, Private Markets and Real Estate; KOEHLER GROUP Holding GmbH holds the equity interests and real estate held directly and indirectly by René Marius Köhler. In private markets it makes direct investments (e.g. Revolut, Moonfare, Tonies, kfzteile24, eterno), builds its own companies (fahrrad.de Bikester, JetApp) and holds over 40 commitments to more than 20 PE/VC fund managers. Its KOEHLER Equities Fund, launched in 2020 with group capital, is now open to external retail and institutional investors.

Investment thesis

Direct investments in companies with significant turnover, tangible profitability, scalable business models and large market potential, working alongside founders as equals; long-term relationships with PE/VC managers across successive fund generations.

Holdings & investments (61)

INVESTMENT ARMS & VEHICLES

• KOEHLER Capital Partners GmbH
  Private Markets: direct investments, PE/VC fund commitments and group financing
• KOEHLER Equities GmbH
  Public Markets: manages the group's and René Köhler's liquid assets, initiates the KOEHLER Equities Fund and offers personalised wealth management
• KOEHLER GROUP Real Estate
  Acquisition, residential, commercial and luxury rental properties
• KOEHLER GROUP Luxury Rentals
  New business area: short-term rental of exclusive holiday properties (Dubai, Mallorca, Kitzbühel) managed by the group
• fahrrad.de Bikester GmbH
  Self-founded company: online bicycle retailer rebuilt from March 2024
• JetApp GmbH
  Self-founded company (2017): digital platform for booking private jets

HOLDINGS & INVESTMENTS · MOST RECENT FIRST

• RevolutNOTABLE
  Fintech · since 2020
• MoonfareNOTABLE
  Fintech · since 2017
• Kleiner Perkins Fund XXII
  since 2026 · (fund commitment)
• Kleiner Perkins Select Fund IV
  since 2026 · (fund commitment)
• Picus Venture Fund II
  since 2025 · (fund commitment)
• a16z Apps X
  since 2025 · (fund commitment)
• a16z Infrastructure X
  since 2025 · (fund commitment)
• a16z LSV V
  since 2025 · (fund commitment)
• Lightspeed Venture Fund XIV
  since 2025 · (fund commitment)
• Lightspeed Opportunity Fund II
  since 2025 · (fund commitment)
• Lightspeed Growth Equity III
  since 2025 · (fund commitment); via Moonfare
• Lightspeed Select VI
  since 2025 · (fund commitment); via Moonfare
• fahrrad.de Bikester
  Consumer & E-commerce · since 2024
• Kaszek Ventures VI
  since 2024 · (fund commitment)
• Kaszek Ventures Opportunity III
  since 2024 · (fund commitment)
• kfzteile24
  Consumer & E-commerce · since 2023
• eterno
  HealthTech · since 2023
• Titanbay
  Fintech · since 2023
• Founders Fund Growth II
  since 2022 · (fund commitment)
• BOND III
  since 2022 · (fund commitment)
• Lakestar Growth II
  since 2022 · (fund commitment)
• Lakestar Early IV
  since 2022 · (fund commitment)
• Kleiner Perkins Select Fund II
  since 2022 · (fund commitment)
• KPC Delta I (Key Partners Capital)
  since 2022 · (fund commitment)
• Picus Venture Fund I
  since 2022 · (fund commitment); René Marius Köhler joined the board
• a16z CNK Fund IV
  since 2022 · (fund commitment)
• a16z CNK Seed Fund I
  since 2022 · (fund commitment)
• TCV XII
  since 2022 · (fund commitment)
• BOND II
  since 2021 · (fund commitment)
• Khosla Ventures VII
  since 2021 · (fund commitment)
• Khosla Ventures Opportunity I
  since 2021 · (fund commitment)
• Insight Partners XII
  since 2021 · (fund commitment)
• Kaszek Ventures V
  since 2021 · (fund commitment)
• Kaszek Ventures Opportunity II
  since 2021 · (fund commitment)
• Summit Partners Growth Equity XI
  since 2021 · (fund commitment)
• Tiger Global PIP XV
  since 2021 · (fund commitment)
• Project A Ventures IV
  since 2021 · (fund commitment)
• Project A Buy-Out Co-Invest I
  since 2021 · (fund commitment)
• DST Global VIII
  since 2021 · (fund commitment)
• IVP XVII
  since 2021 · (fund commitment)
• 468 Capital II
  since 2021 · (fund commitment)
• 468 Global Opportunities
  since 2021 · (fund commitment)
• Lerer Hippeau Select Fund III
  since 2020 · (fund commitment); via Moonfare
• 468 Capital I
  since 2020 · (fund commitment)
• Founders Fund Growth
  since 2019 · (fund commitment)
• Bond Capital Fund
  since 2019 · (fund commitment)
• DST Global VII
  since 2019 · (fund commitment)
• Cherry Ventures III
  since 2019 · (fund commitment); made personally by René Marius Köhler, not by the KOEHLER GROUP
• Cinven 7
  since 2019 · (fund commitment); via Moonfare
• Lakestar Growth I
  since 2018 · (fund commitment)
• Project A III
  since 2018 · (fund commitment); made personally by René Marius Köhler, not by the KOEHLER GROUP
• Seven Senders
  Software & SaaS · since 2017
• JetApp
  Mobility & Logistics · since 2017
• Cherry Ventures II
  since 2016 · (fund commitment); made personally by René Marius Köhler, not by the KOEHLER GROUP
• Project A II
  since 2015 · (fund commitment); made personally by René Marius Köhler, not by the KOEHLER GROUP
• Zapp
  Consumer & E-commerce
• tonies
  Consumer & E-commerce · IPO
• EQT 7
  (fund commitment); made personally by René Marius Köhler, not by the KOEHLER GROUP
• EQT Midmarket
  (fund commitment); made personally by René Marius Köhler, not by the KOEHLER GROUP
• EQT Ventures
  (fund commitment); made personally by René Marius Köhler, not by the KOEHLER GROUP
• Partners Group Direct Fund
  (fund commitment); made personally by René Marius Köhler, not by the KOEHLER GROUP

People

• René Marius Köhler
  Founder; Managing Director, KOEHLER GROUP Holding GmbH · source
• Alexander Fiess
  Managing Director, KOEHLER Capital Partners GmbH; Head of Private Markets & Group Financing · source
• Stephan Belser
  Managing Director, KOEHLER Equities GmbH; Head of Public Markets · source
• Axel Steeb
  Head of Real Estate · source
• Regina Tag
  Head of Operations · source

Frequently asked questions