Mountain Alliance AG
Largest shareholder (45.9%) of Mountain Partners AG
Also known as Mountain Alliance, ecommerce alliance AG
Munich-listed investment company (m:access, Basic Board) holding stakes in private tech companies; refocused on Defense Tech (Destinus, MindGuard); NAV EUR 44m (June 2026).
Munich-listed tech investment company (formerly ecommerce alliance AG), 45.9% held by Mountain Partners AG. Not the same as its shareholder Mountain Partners AG (Switzerland).
- HEADQUARTERS
- Munich, Germany
- FOUNDED
- —
- AUM
- €44M (2026)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 5 people
FOCUS
- STAGES
- Growth
- ASSET MIX
- Private equityDirect investments
- GEOGRAPHY
- EuropeGermany
WHAT IT IS
Private Equity Fund. A fund manager investing limited-partner capital into mature private companies.
ABOUT
Mountain Alliance AG is a Munich investment company whose shares are listed in the m:access segment of the Munich Stock Exchange and the Basic Board of the Frankfurt Stock Exchange. It describes itself as a German venture capital company and a listed, evergreen vehicle that holds stakes in digital growth companies such as Lingoda, Volders, Customer Alliance and Shirtinator. Since 2025 it has refocused on Defense Tech and dual-use technology, with an anchor stake in Destinus and an investment in MindGuard. Its net asset value was EUR 43.96m at 30 June 2026.
INVESTMENT THESIS
Listed evergreen vehicle giving public investors access to European tech value creation: invests in digital, disruptive, scalable growth companies with significant revenues, a credible path to profitability and a 4-6 year exit horizon, often by buying portfolios at a discount to NAV; since 2025 the strategic focus is Defense Tech and dual-use technologies (drones, satellites, cybersecurity, AI).
PORTFOLIO (16)
- DestinusNOTABLEDeep Tech · since 2026
- Lingoda GmbHNOTABLEEducation
- MindGuard AGArtificial Intelligence · since 2025
- Shirtinator AGConsumer & E-commerce
- CA Customer Alliance GmbHSoftware & SaaS
- Volders GmbHSoftware & SaaS
- atfinity AGSoftware & SaaS
- Qwello GmbHMobility & Logistics
- tixxt GmbHSoftware & SaaS
- arztkonsultation akHealthTech
- Promipool GmbHMedia & Entertainment
- Movingimage EVP GmbHSoftware & SaaS
- miet24 GmbHConsumer & E-commerce
- locr GmbHSoftware & SaaS
- Crealytics GmbHSoftware & SaaS
- GCN Global Comparison Network GmbHMedia & Entertainment
TEAM
- Dr. Hans Ulrich TetznerManagement Board · source
- Dr. Cornelius BoerschChairman of the Supervisory Board · source
- Daniel WildVice Chairman of the Supervisory Board · source
- Daniel S. WenzelSupervisory Board Member · source
- Neil NeureitherSupervisory Board (listed on the site as Managing Director) · source
LINKS
FAQ
Mountain Alliance AG is a private equity fund based in Munich, Germany.
Yes. Mountain Alliance AG invests directly in private companies.
Mountain Alliance AG invests at Growth stage in Deep Tech, Artificial Intelligence, Software & SaaS, Education and Consumer & E-commerce.
Key people at Mountain Alliance AG include Dr. Hans Ulrich Tetzner (Management Board), Dr. Cornelius Boersch (Chairman of the Supervisory Board), Daniel Wild (Vice Chairman of the Supervisory Board) and Daniel S. Wenzel (Supervisory Board Member).
Mountain Alliance AG's investments include Destinus, Lingoda GmbH, MindGuard AG, Shirtinator AG, CA Customer Alliance GmbH, Volders GmbH, atfinity AG and Qwello GmbH, among others.
The most recent publicly reported investment by Mountain Alliance AG is Destinus (Anchor investment (stake confirmed)), announced in Apr 2026.
Yes. Mountain Alliance AG manages capital from outside investors.