VC FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 3 SOURCES

Avala Capital

Also known as Avala Capital GmbH, Avala Management GmbH, Avala

Berlin VC (Avala Management GmbH, EuVECA manager registered with BaFin since 2014) whose team invests its own capital alongside individual investors and family offices.

HEADQUARTERS: Berlin, Germany
FOUNDED: —
AUM: —
OUTSIDE CAPITAL: Yes
TEAM LISTED: 3 people

Focus

STAGES: SeedSeries ASeries BGrowth
SECTORS: Fintech Food & Agriculture Consumer & E-commerce Software & SaaS Mobility & Logistics HealthTech
ASSET MIX: Venture capital
GEOGRAPHY: EuropeGermanyUnited Kingdom

Overview

Avala Capital is a Berlin venture investor. Its team invests its own capital and offers individual investors and family offices access to its deals through a series of Avala fund vehicles managed by Avala Management GmbH, an EuVECA manager registered with BaFin. It invests as a lifecycle investor in internet business models (food tech, fintech and other tech) in Berlin and London, typically EUR 250k to EUR 1.5m per deal. Its portfolio has included Delivery Hero, HelloFresh, Raisin, Billie and Volocopter.

Investment thesis

Lifecycle investing from seed to IPO in global, category-leading internet companies (cloud, mobile, online marketplaces, offline-to-online conversion), B2B and B2C, grouped as Food Tech, Fintech and other 'Funky' Tech; European opportunities in Berlin and London; typical tickets EUR 250k to EUR 1.5m, selectively up to EUR 25m.

PORTFOLIO (32)

Delivery HeroNOTABLE
Consumer & E-commerce · since 2012 · Partially exited (IPO 2017)
HelloFreshNOTABLE
Consumer & E-commerce · since 2020
RaisinNOTABLE
Fintech · since 2013
VolocopterNOTABLE
Mobility & Logistics · since 2017
B2B Food Group
Food & Agriculture · since 2019
Billie
Fintech · since 2016
Finom
Fintech · since 2020
Bonify
Fintech · since 2019
Troy
Fintech · since 2019
Myos
Fintech · since 2019
Miles
Mobility & Logistics · since 2021
Handshake
Software & SaaS · since 2022
Heartbeat Labs
HealthTech · since 2020
Medisafe
HealthTech · since 2016
Bayes (formerly Dojo Madness)
Media & Entertainment · since 2015
Fyber (formerly SponsorPay)
Media & Entertainment · since 2014 · Exited
Sanoga
Consumer & E-commerce · since 2013 · Exited
9Cookies
Software & SaaS · since 2013 · Exited
Lemoncat
Food & Agriculture · since 2017 · Exited
Tiger Facility Services (formerly Book a Tiger)
Software & SaaS · since 2014 · Exited
Fleet (koho)
Mobility & Logistics · since 2015 · Exited
nextcaller
Software & SaaS · since 2015 · Exited
Lingoda
Education · since 2013 · Exited
Talentspace
Software & SaaS · since 2020 · Exited
Herrenfahrt
Consumer & E-commerce · since 2014 · Written down
Hostmaker
Real Estate & PropTech · since 2015 · Written down
Karhoo
Mobility & Logistics · since 2015 · Written down
RivalFox
Software & SaaS · since 2013 · Written down
meinKauf
Media & Entertainment · since 2013 · Written down
Urbanara
Consumer & E-commerce · since 2013 · Written down
Sonovate
Fintech · since 2015 · Written down
ROLI
Media & Entertainment · since 2018 · Written down

People

Milan-Miša Obradović
Managing Director; Beirat member, Avala Management GmbH · source
Klaus Krone
Beirat (advisory board) member, Avala Management GmbH · source
Nikita Fahrenholz
Beirat (advisory board) member, Avala Management GmbH · source

Frequently asked questions

Avala Capital is a VC fund based in Berlin, Germany.

Yes. Avala Capital invests its own capital in private companies.

Avala Capital invests at Seed, Series A, Series B and Growth stages in Fintech, Food & Agriculture, Consumer & E-commerce, Software & SaaS, Mobility & Logistics and HealthTech.

Avala Capital's stated ticket size is €250K–€1.5M.

Key people at Avala Capital include Milan-Miša Obradović (Managing Director; Beirat member, Avala Management GmbH), Klaus Krone (Beirat (advisory board) member, Avala Management GmbH) and Nikita Fahrenholz (Beirat (advisory board) member, Avala Management GmbH).

Avala Capital's investments include Delivery Hero, HelloFresh, Raisin, Volocopter, B2B Food Group, Billie, Finom and Bonify, among others.

Yes. Avala Capital manages capital from outside investors.