VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 81 SOURCES

eCAPITAL Entrepreneurial Partners

Also known as eCAPITAL, eCAPITAL ENTREPRENEURIAL PARTNERS AG, eCapital AG, eCAPITAL V, eCAPITAL Cybersecurity

Münster deep-tech VC (AG, founded 1999; BaFin-registered AIF-KVG) managing >€400m; €2–6m first tickets in cybersecurity/defence, AI infrastructure, climate tech and new materials.

HEADQUARTERS: Münster, Germany
FOUNDED: 1999
AUM: €400M (2026)
OUTSIDE CAPITAL: Yes
TEAM LISTED: 27 people

Focus

STAGES: SeedSeries ASeries B
SECTORS: Software & SaaS Climate & Energy Deep Tech Artificial Intelligence Industrial & Manufacturing
ASSET MIX: Venture capitalImpact
GEOGRAPHY: GermanyEurope

Overview

eCAPITAL Entrepreneurial Partners AG is an entrepreneur-led, independent venture capital firm founded in 1999 and based in Münster. It describes itself as an impact VC providing early- to growth-stage funding to technology companies and manages funds with over €400m. It invests in deep-tech startups in cybersecurity and defence tech, AI tech and infrastructure software, climate tech, and new materials and semiconductors, mainly in Germany, with initial investments of €2–6m and up to €25m per company. Its closed-end funds are backed by pension funds, insurers, family offices and private investors; exits include sonnen (to Shell), envelio (to E.ON) and IPlytics.

Investment thesis

Deep-tech startups in four focus areas (cybersecurity + defence tech, AI tech + infrastructure software, climate tech, new materials + semiconductors), at seed, Series A and Series B; initial tickets €2–6m, total up to €25m per company; typically German high-tech startups but not bound by borders.

PORTFOLIO (71)

1KOMMA5°NOTABLE
Climate & Energy
ExeinNOTABLE
Software & SaaS
HeliatekNOTABLE
Climate & Energy
JedoxNOTABLE
Software & SaaS
NovaledNOTABLE
Deep Tech · Exited
Open-XchangeNOTABLE
Software & SaaS
sonnenNOTABLE
Climate & Energy · Exited
VMRayNOTABLE
Software & SaaS
4JET Technologies
Industrial & Manufacturing
AM POLYMERS
Deep Tech
Anycom
Software & SaaS · Exited
Apheris
Software & SaaS
Appcon
Software & SaaS · Exited
baobab
Software & SaaS
beeOLED
Deep Tech
BlueID
Software & SaaS · Exited
BrandMaker
Exited
Brighter AI
Software & SaaS · Exited
Build38
Software & SaaS · Exited
Calory Coach
Exited
CCS CAD/CAM
Exited
Cleafy
Software & SaaS
CounterCraft
Software & SaaS
Creapaper
Climate & Energy
CREDOXYS
Deep Tech
Cysal
Exited
Dawnguard
Software & SaaS
DIVOLUTION
Software & SaaS · Exited
Dryad
Climate & Energy
Embold
Software & SaaS · Exited
envelio
Software & SaaS · Exited
Epigab Optronic
Deep Tech · Exited
Ferroelectric Memory
Deep Tech
FLEXOO
Deep Tech
freshnails
Deep Tech · Exited
Geo-En
Climate & Energy · Exited
Gollmann
Industrial & Manufacturing · Exited
Greenergetic
Software & SaaS · Exited
impact
Industrial & Manufacturing · Exited
INMATEC
Exited
ONEKEY
Software & SaaS
IPlytics
Software & SaaS · Exited
Lumics
Deep Tech · Exited
Milk the Sun
Software & SaaS · Exited
MOTOR Ai
Mobility & Logistics
Mythic
Deep Tech
nicetec
Software & SaaS · Exited
node.energy
Climate & Energy
nyris
Software & SaaS
Omnitron
Industrial & Manufacturing · Exited
PACE
Exited
Papershift
Software & SaaS
Pyramid Computer
Software & SaaS · Exited
QuoIntelligence
Software & SaaS
Reproline Medical
Exited
Rhebo
Software & SaaS · Exited
RIPS Technologies
Software & SaaS · Exited
Sikom
Software & SaaS · Exited
Smart Hydro Power
Exited
SmartHouse
Deep Tech · Exited
Subitec
Exited
Subra
Deep Tech
svh24.de
Exited
Sweepatic
Software & SaaS · Exited
temicon
Deep Tech
Tenzir
Software & SaaS
troy
Software & SaaS
UltraSoC
Software & SaaS · Exited
Variowell
VisioLab
Software & SaaS
Zepo
Software & SaaS

People

Willi Mannheims
Managing Partner; member of the Management Board (Vorstand) · source
Dirk Seewald
Managing Partner; member of the Management Board (Vorstand) · source
Hannes Schill
Managing Partner; member of the Management Board (Vorstand) · source
Paul-Josef Patt
Founding Partner · source
Michael Mayer
Senior Partner · source
Katharina Frie
Partner · source
Lucas Merle
Partner · source
Steffen Reinecke
Partner · source
Dr. Antonia Knuth
Chief Financial Officer · source
Svenja Nentwig
Senior Investment Manager · source
Yanick Rosenbaum
Investment Manager · source
Thomas Dullien
Venture Partner · source
Christoph Ostermann
Venture Partner · source
Dr. Cornelius Patt
Venture Partner · source
Dr. Hans-Christoph Quelle
Venture Partner · source
Dr. Jan Blochwitz-Nimoth
Venture Partner · source
Dr. Paul Grunow
Venture Partner · source
Dr. Stephen Weich
Venture Partner · source
Dr. Tim Pohlmann
Venture Partner · source
Richard Seibt
Venture Partner · source
Elke Kramer
Financial & Investment Controlling · source
Sarah Janzen
Financial & Investment Controlling · source
Aileen Tebbe
Executive Assistant · source
Bettina Schäfer
Executive Assistant · source
Prof. Thorsten Holz
Cybersecurity Partner · source
Prof. Norbert Pohlmann
Cybersecurity Partner · source
Prof. Christof Paar
Cybersecurity Partner · source

Frequently asked questions

eCAPITAL Entrepreneurial Partners is a VC fund based in Münster, Germany, founded in 1999.

Yes. eCAPITAL Entrepreneurial Partners invests its own capital in private companies.

eCAPITAL Entrepreneurial Partners invests at Seed, Series A and Series B stages in Software & SaaS, Climate & Energy, Deep Tech, Artificial Intelligence and Industrial & Manufacturing.

eCAPITAL Entrepreneurial Partners's stated ticket size is €2M–€6M.

Key people at eCAPITAL Entrepreneurial Partners include Willi Mannheims (Managing Partner; member of the Management Board (Vorstand)), Dirk Seewald (Managing Partner; member of the Management Board (Vorstand)), Hannes Schill (Managing Partner; member of the Management Board (Vorstand)) and Paul-Josef Patt (Founding Partner).

eCAPITAL Entrepreneurial Partners's investments include 1KOMMA5°, Exein, Heliatek, Jedox, Novaled, Open-Xchange, sonnen and VMRay, among others.

The most recent publicly reported investment by eCAPITAL Entrepreneurial Partners is CREDOXYS (Series A, co-led with Ventech), announced in Sep 2026.

eCAPITAL Entrepreneurial Partners states that it accepts submissions through its official contact page.

Yes. eCAPITAL Entrepreneurial Partners manages capital from outside investors.