Yttrium
Also known as Yttrium GmbH, Digital+ Partners, dPlus Partners, Digital Growth Fund I, Digital Growth Fund II
Munich growth equity investor in European B2B technology (formerly Digital+ Partners, founded 2015); EUR 750m+ AUM across Digital Growth Funds I and II; KAGB-registered manager.
Munich B2B technology growth investor; formerly Digital+ Partners (renamed 2022). Not the chemical element or unrelated companies of the same name.
- HEADQUARTERS
- München, Germany
- FOUNDED
- 2015
- AUM
- €750M (2026)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 15 people
Focus
- STAGES
- Series BGrowth
- ASSET MIX
- Venture capitalPrivate equity
- GEOGRAPHY
- Europe
Overview
Yttrium GmbH is a Munich growth equity firm, founded in 2015 as Digital+ Partners and renamed Yttrium in 2022, that invests in growth-stage B2B technology companies across Europe, with offices in Munich, Frankfurt and London. It targets companies with more than EUR 5m of recurring revenue growing 40%+ and supports them with C-level hiring, growth strategy and KPI benchmarking. The firm reports more than EUR 750m of assets under management and 20+ companies in its portfolio. Its second fund, Digital Growth Fund II, closed in May 2023 at EUR 403m, above Fund I's EUR 349m, with investors including institutions, technology companies, family offices and the EIF.
Investment thesis
Growth-stage B2B technology companies with high-calibre management, a differentiated scalable platform, recurring revenue above EUR 5m growing 40%+ and a capital-efficient path to profitability; positioned between venture capital and private equity funds.
PORTFOLIO (28)
- NavVisNOTABLEDeep Tech
- PricefxNOTABLESoftware & SaaS
- quantilopeSoftware & SaaS
- anylineArtificial Intelligence
- casaviSoftware & SaaS
- eStoreBrands
- FTAPISoftware & SaaS · Exited
- InMindCloudSoftware & SaaS · Exited
- interop.io
- LogpointSoftware & SaaS
- movingimageSoftware & SaaS
- orderbirdFintech · Exited
- PriceHubbleReal Estate & PropTech
- riskmethodsSoftware & SaaS · Exited
- Seven SendersSoftware & SaaS
- SpheraSoftware & SaaS
- StarmindArtificial Intelligence · Exited
- TRUCE SoftwareMobility & Logistics
- VMRaySoftware & SaaS
- ZencargoSoftware & SaaS
- ApprovalMax
- Capacity
- CleverConnect
- Embotech
- Eye-Able
- HeyJobs
- i6
- Upsun (Platform.sh)
People
- Dr. Patrick BeitelPartner; Managing Director · source
- Dr. Axel KriegerPartner; Managing Director · source
- Dr. Dirk SchmückingPartner; Managing Director · source
- Ralf RauchChief Risk Officer; Managing Director · source
- Felix FreudenbergPartner & CFO/COO · source
- Dominik HertzlerPartner · source
- Tim KindtPartner · source
- Julian MattesPartner · source
- Vanessa PinterPrincipal · source
- Sebastian WeschenbachPrincipal · source
- William DohertyHead of Platform · source
- Tatiana GushchinaHead of Legal · source
- Frank MatternChairman of the Supervisory Board · source
- Frank KuhnkeSupervisory Board · source
- Giovanna MaagSupervisory Board · source
Links
Frequently asked questions
Yttrium is a VC fund based in München, Germany, founded in 2015.
Yes. Yttrium invests its own capital in private companies.
Yttrium invests at Series B and Growth stages in Software & SaaS, Industrial & Manufacturing, Fintech and Artificial Intelligence.
Key people at Yttrium include Dr. Patrick Beitel (Partner; Managing Director), Dr. Axel Krieger (Partner; Managing Director), Dr. Dirk Schmücking (Partner; Managing Director) and Ralf Rauch (Chief Risk Officer; Managing Director).
Yttrium's investments include NavVis, Pricefx, quantilope, anyline, casavi, eStoreBrands, FTAPI and InMindCloud, among others.
The most recent publicly reported investment by Yttrium is TRUCE Software (Series B (led by Yttrium; follow-on in an existing holding)), announced in Feb 2026.
Yes. Yttrium manages capital from outside investors.