Picus Capital
Munich, Germany · Invests in Europe; North America; LATAM; Asia; Africa; US · Website
Check size
🔒 $•• – $••Thesis
Empowering entrepreneurs to reimagine the way we live and work by investing in daring technology companies challenging the status quo with permanent capital, lifelong sparring partnership from pre-seed through IPO and beyond.
Likely not a fit for
Not interested in consumer hardware plays, pure gaming/gambling companies, non-technical founding teams, or teams without domain expertise. Avoids founders prioritizing quick exits over long-term category building.
How they invest
- Lead or follow
- Usually leads
- Typical decision
- ~1 month
- Warm intro
- Not required
- Involvement
- Takes a board seat
- Fund status
- Actively deploying
- Decision process
- Partnership vote
Partners & team
11 contacts on file
Portfolio
Personio's Intelligent HR Platform helps small and medium-sized organizations unlock the power of people by making complicated, time-consuming tasks simple and efficient.
Enpal is a greentech unicorn in Germany, developing an integrated overall solution for renewable energy, including solar power systems, energy storage, EV chargers, and smart energy management. The company aims to make renewable energy accessible to all and has a strong focus on sustainability.
Affordable home insurance made easy, offering various types of insurance including homeowners, landlord, mobile home, high-value home, condo, and flood insurance, as well as auto insurance and mortgage services.
FINN offers a flexible car subscription service that includes insurance, maintenance, and delivery, allowing customers to drive a vehicle without long-term commitments.
Klarity is a company providing resources and information on various topics of general interest. Its website serves as a primary source for these materials.
Clara is a leading corporate card and expense management platform in Latin America, offering corporate cards, real-time expense tracking, and automated tax compliance. It provides a comprehensive solution for managing business finances efficiently.
Casavo is a proptech company that simplifies the process of selling and buying homes through technology, offering instant home valuations and a streamlined sales process.
Deel is a global payroll and compliance platform that provides HR solutions for businesses looking to hire and manage remote teams. It offers tools for managing international payroll, compliance, and employee benefits, streamlining the hiring process across borders.
WorkMotion is a Berlin-based global HR platform that provides Employer of Record (EOR) solutions, enabling companies to hire, manage, and pay employees remotely in compliance with local laws across 160+ countries.
Aspire is an all-in-one finance software for businesses, offering integrated solutions for managing finances, payments, and expenses. It serves over 15,000 startups and SMBs, helping them save time and money.
Multiplier is a global human platform that provides solutions for managing international workforce and payroll.
Billie is a body care brand offering a range of products including shaving kits, deodorants, and bodycare essentials. The brand focuses on clean and effective body routines.
Recent activity
- Mar 2026
Silverflow
Series B · Lead
- Feb 2026
FlexiDAO
Pre-Seed · Lead
- Nov 2025
Kabilio
Pre-Seed · Lead
- Nov 2025
Tsuga
Seed · Lead
- Oct 2025
Cercli
Series A · Lead
Picus Capital in the news
Munich Startup
Picus Capital: First closing for Picus Venture Fund II
1 month ago
AlleyWatch
The Weekly Notable Startup Funding Report: 5/11/26
3 months ago
coindesk.com
XO Market bets on user-generated prediction markets to rival Polymarket and Kalshi
4 months ago
AlleyWatch
The Weekly Notable Startup Funding Report: 2/16/26
6 months ago
trendingtopics.eu
Future Energy Ventures invests in energy startup Solarize
7 months ago
Mercom Capital Group
Funding and M&A Roundup: Terralayr Secures $223 Million
7 months ago
Mercom Capital Group
Energy Storage Developer Terralayr Secures $223 Million
7 months ago
Pulse 2.0
Picus Capital: €150 Million Preferred Equity Financing From Carlyle AlpInvest Closed
8 months ago
Tech Funding News
Early backer of Personio and Enpal Picus Capital raises €150M in preferred equity from Carlyle AlpInvest
8 months ago
Alternatives Watch
Carlyle AlpInvest backs German VC Picus with €150m
8 months ago
EU-Startups
Early backer of unicorns Personio and Enpal, German VC Picus Capital closes €150 million preferred equity deal
8 months ago
Yahoo Finance
Picus Capital Announces Close of €150M Preferred Equity Financing from Carlyle AlpInvest
8 months ago
Capital Riesgo
Kabilio raises €4 million to use AI to transform collaboration between accounting firms and their clients. Visionaries Club, Picus Capital, and ENISA participated in the round - Capital-Riesgo.es
10 months ago
GlobeNewswire
Aleph Secures $29 Million Series B to Shape and Lead the Future of AI-Native FP&A
11 months ago
Business Wire
Landbase Raises $30 Million Series A to Help Businesses Find Their Next Customer
Jun 2025
Tech Funding News
Picus Capital breaks the mold with €250M Fund II, backing tomorrow's tech leaders amid VC downturn
May 2025
LatamList
Cayena raises a $55M Series B round led by Bicycle Capital
Sep 2024
Axios
Axle raises seed round for energy AI
Jun 2023
TechCrunch
Will record levels of dry powder trigger a delayed explosion of startup investment?
Jan 2023
The Block
German VC Picus Capital commits to web3 with new investment arm
Dec 2022
CryptoRank
Picus Capital
Oct 2022
Sifted
Who are the top 10 seed investors in Germany?
Jun 2022
Bloomberg Línea
German VC Picus Capital Opens Shop in São Paulo Looking For Early-Stage Startups
Apr 2022
KrASIA
5 observations about Asia’s changing startup landscape by Picus Capital
Aug 2021
Forbes India
Keen to invest in Indian firms with global ambitions: Florian Reichert of Picus Capital
May 2021
EU-Startups
“To prepare for fundraising, entrepreneurs should thoroughly think about the key make-or-break points of their business”: Interview with Picus Capital’s Founding Partner & Managing Director, Robin Godenrath
Apr 2021
Similar firms
Early-stage investor using a high-volume spray-and-help approach, acting as super-user business-development engine that makes 100+ targeted introductions and connects founders to corporates and follow-on investors. Notable portfolio companies include ClassPass, AngelList, Tala, The RealReal, and Carta Fintech.
Multi-stage venture capital fund investing from Seed to Growth across Europe and North America. Founded 1996.
Pre-seed, locally-run global network where experienced founders/operators in each city source deals and provide hands-on, community-based support to new founders.
Early-stage investor combining venture and advisory services, focusing on embedded finance, infrastructure and B2B financial plumbing. Operates as a global investment platform that combines venture investing with advisory services to systematically transform financial services. Runs the Female Innovators Lab, the worlds largest early-stage fintech fund dedicated solely to companies founded by women, while serving as an ecosystem partner for startups and large financial institutions seeking to run venture and innovation strategies through Anthemis platform.
Research briefRead more
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