BONVENTURE
Also known as BonVenture, BonVenture Management GmbH, BONVENTURE 5, BV5
Munich impact VC since 2003 (BonVenture Management GmbH, KAGB-registered); EUR 100m under management; fifth fund BV5 targets EUR 100m for late-seed and Series A.
- HEADQUARTERS
- München, Germany
- FOUNDED
- 2003
- AUM
- €100M (2026)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 19 people
Focus
- STAGES
- SeedSeries A
- SECTORS
- HealthTechEducationClimate & EnergyConsumer & E-commerceFood & AgricultureIndustrial & Manufacturing
- ASSET MIX
- Venture capitalImpact
- GEOGRAPHY
- GermanyEurope
Overview
BONVENTURE is a Munich impact venture capital manager whose first fund (EUR 5m, 2003) it calls the first impact fund closed in Continental Europe. It was initiated in 2002 by Dr. Erwin Stahl with a group of socially committed investors. It invests in four impact areas (digital health, equality and education, climate and nature, sustainable consumption) and reports EUR 100m under management and 60+ investments. Its fifth fund, BONVENTURE 5, targets EUR 100m and leads or co-leads late-seed and Series A rounds with first tickets of EUR 1m to 2.5m.
Investment thesis
'True impact and return': invests in authentic, diverse, impact-driven founders whose impact is scientifically measurable, pre-screening 100% of investments for impact intention and having portfolio impact KPIs audited externally; BV5 plans 15-20 startups with EUR 4-5m each, equally across digital health, equality and education, climate and nature, and sustainable consumption.
PORTFOLIO (20)
- BcauseEducation
- BIOWEGClimate & Energy
- ChargeXMobility & Logistics
- FairownConsumer & E-commerce
- FeneconClimate & Energy
- GardiaHealthTech
- LillianCareHealthTech
- MyoHealthTech
- node.energyClimate & Energy
- OptiMedisHealthTech
- PlaneteersClimate & Energy
- R3 RoboticsIndustrial & Manufacturing
- ResourcifyClimate & Energy
- ScrapbeesClimate & Energy
- SiraEducation
- SpecialsitterEducation
- The Landbanking GroupClimate & Energy
- ViViRAHealthTech · since 2024
- Volunteer VisionEducation
- FollowfoodFood & Agriculture
People
- Dr. Erwin StahlManaging Partner; Geschäftsführender Gesellschafter (initiated the founding in 2002) · source
- Angela LawaldtManaging Partner; Geschäftsführende Gesellschafterin · source
- Anna Sophie BlisteinPartner · source
- Nikolaj KlebertInvestment Director · source
- Benjamin HollerithInvestment Associate · source
- Mariana Pedraza CopeteInvestment Analyst · source
- Theresa FelderHead of Finance · source
- Christina SmithHead of Communications · source
- Dr. Horst GossFounder and Advisory Partner · source
- Bernard Jan WendelnFounder and Advisory Partner · source
- Dr. Axel SeemannAdvisory Partner · source
- Philipp HaindlChairman of Investors' Board · source
- Karenina SchröderMember of Investors' Board · source
- Antonis SchwarzMember of Investors' Board · source
- Jan TegtmeierMember of Investors' Board · source
- Alexander WendelnMember of Investors' Board · source
- Michael SilbermannAdvisor · source
- Anca MichiuOffice Manager · source
- Maximilian StadlerJunior Finance Manager · source
Links
Frequently asked questions
BONVENTURE is a VC fund based in München, Germany, founded in 2003.
Yes. BONVENTURE invests its own capital in private companies.
BONVENTURE invests at Seed and Series A stages in HealthTech, Education, Climate & Energy, Consumer & E-commerce, Food & Agriculture and Industrial & Manufacturing.
BONVENTURE's stated ticket size is €1M–€2.5M.
Key people at BONVENTURE include Dr. Erwin Stahl (Managing Partner; Geschäftsführender Gesellschafter (initiated the founding in 2002)), Angela Lawaldt (Managing Partner; Geschäftsführende Gesellschafterin), Anna Sophie Blistein (Partner) and Nikolaj Klebert (Investment Director).
BONVENTURE's investments include Bcause, BIOWEG, ChargeX, Fairown, Fenecon, Gardia, LillianCare and Myo, among others.
The most recent publicly reported investment by BONVENTURE is Vivira Health Lab (ViViRA) (Growth round (follow-on)), announced in May 2026.
BONVENTURE states that it accepts submissions through its official contact page.
Yes. BONVENTURE manages capital from outside investors.