HV Capital closes new fund worth over €700 million
Berlin — A YPOG team provided comprehensive tax, legal and regulatory advice to HV Capital, a leading early-stage and growth investor in Europe, on the structuring of Fund IX with a volume of more than €700 million- making it the largest fund ever launched by HV Capital in its 23-year history. Fund IX further expands HV Capital’s ability to invest in innovative tech companies across all stages of growth. — This means that HV Capital also outperforms the semi-public Hightech Gründerfonds (HTGF), which in February raised just under half a billion euros, its largest fund since it was founded 18 years ago.
The new generation of funds is divided into two vehicles, “Fund IX Venture” and “Fund IX Growth,” and will target companies from seed stage to Series‑D and beyond, with initial ticket sizes ranging from €500,000 to €60 million. HV Capital’s team will focus on the next generation of high-growth companies in various markets and across Europe.
Fund IX has been backed by institutional investors from Europe and the United States, enabling HV Capital to continue its 23-year investment history. HV Capital strengthens its commitment to more diversity and sustainability within the venture capital industry with Fund IX. HV has committed to this with Fund IX in accordance with Article 8 of the EU Sustainable Financing Disclosure Regulation (SFDR). Specifically, the goal is for 33% of management positions in the portfolio to be held by women by the end of the fund’s term. In addition, 30% of the capital raised is reserved for companies that follow the sustainability and environmental criteria of the European Investment Fund (EIF).
“Raising one of the largest funds in German venture capital history in such a challenging global fundraising environment is a great success for HV Capital, on which we warmly congratulate the entire team,” said YPOG partner Helder Schnittker.
About HV Capital
HV Capital is one of the leading early-stage and growth investors in Europe. HV has many years of experience in identifying European technology pioneers with great potential for success. This includes the first generation of German startups, which achieved a company valuation of over $1 billion, and more recent successful companies such as Flixbus, Enpal, SumUp and Isar Aerospace. HV Capital is continuously looking for more innovative startups across all industries such as FinTech, SaaS, climate tech and consumer goods and has already invested in around 225 internet and technology companies.
HV Capital supports start-ups with capital between €500,000 and €60 million and is one of the few venture capitalists in Europe that can finance these companies across all growth phases. HV Capital has offices in Munich and Berlin and a team of more than 40 professionals who bring diverse perspectives and expertise in venture capital.
Furthermore, a YPOG team led by Lennart Lorenz advised HV Capital on the granting of a full BaFin license. This makes HV Capital one of the first venture capital fund managers to operate under this challenging regulatory regime, which is aimed at fund managers managing substantial assets. “With the BaFin full authorization, new regulatory territory was entered. The fact that HV Capital is one of the first venture capital fund managers to receive such full authorization is an expression of its established presence in the German market,” says YPOG partner Lennart Lorenz.
Advisor:inside HV Capital: YPOG
Dr. Helder Schnittker (Co-Lead) (Structuring/Tax), Partner, Berlin Dr. Stephan Bank (Co-Lead) (Structuring/Corporate), Partner, Berlin Lennart Lorenz (Co-Lead) (Regulatory), Partner, Hamburg
Dr. Florian Wilbrink (Structuring), Senior Associate, Berlin
Dr. Michael Filipowicz (Structuring), Senior Associate, Berlin Andreas Rodin (Structuring), Associated Partner, Berlin
Axel Zirn (Structuring), Associate, Berlin
Wolfram Dickersbach (Tax), Associate, Berlin
David Wittek (Tax), Senior Associate, Cologne
Andreas Kortendick (Tax), Partner, Cologne
Florian Thrun (Regulatory), Associate. Hamburg/ Cologne
Antonia von Treuenfeld (Regulatory), Associate, Berlin
Stefanie Nagel (Regulatory), Senior Associate, Berlin
Advisor:inside HV Capital (full authorization)
Lennart Lorenz (Lead) (Regulatory), Partner, Hamburg Stefanie Nagel (Regulatory), Senior Associate, Berlin Florian Thrun (Regulatory), Associate. Hamburg/ Cologne
Dr. Niklas Ulrich (Regulatory), Senior Associate, Hamburg
YPOG is a specialist tax and commercial law firm operating in the core areas of Funds, Tax and Transactions. The YPOG team advises a wide variety of clients. These include emerging technology companies and family-run medium-sized enterprises as well as corporations and private equity/venture capital funds. YPOG is one of the leading addresses for venture capital, private equity and fund structuring in Germany. The firm and its partners are nationally and internationally ranked by JUVE, Best Lawyers, Legal 500, Focus, and Chambers and Partners. Today, YPOG has more than 100 experienced lawyers,