About IBB Ventures
IBB Ventures is a venture capital firm founded in 1997. It is primarily based out of Berlin, Germany. As of Jun 2025, IBB Ventures is an active investor, having invested in 161 companies, with 12 new investments in the last 12 months. It primarily invests in Seed round in Germany based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it led the €6.5²Ñ Series A round of along with Earlybird. This round also saw participation from Cardumen Capital and other investors.
Overall, IBB Ventures portfolio has seen 2 IPOs and 34 acquisitions including key companies like Thermondo, Blinkist and Transporeon. A lot of funds co-invest with IBB Ventures, with names like WestTech Ventures sharing a substantial percentage of its portfolio.
IBB Ventures has team of 15 people including 3 partners.
Key Metrics
Team Members
, &
Portfolio Count
Babbel, OUTFITTERY &
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A &
Portfolio IPOs
Portfolio Acquisitions
, Daato &
Portfolio Soonicorns
Deals in last 12 months
IBB Ventures' List of Top Investments
IBB Ventures has a portfolio of 161 companies. Their most notable investments are in YPTOKEY and Lumenaza.Their portfolio spans across Germany, United States, SwitzerlandÌý²¹²Ô»å 1 more locations. They have invested in Enterprise Applications, Consumer, High TechÌý²¹²Ô»å 28 other sectors, across stages such as Seed, Series A Ìý²¹²Ô»å 4 more. Here is the list of top investments by IBB Ventures:1. Babbel
Provider of SaaS-based language learning solutions. It offers courses on multiple languages that are divided into short lessons comprising grammar and vocabulary exercises. Its courses are developed by a team of native linguists and teachers. Its application comes with a voice recognition system that tells the user when words are not spoken correctly. It is compatible with web, iOS, and Android devices.
Key facts about Babbel
- Founded Year: 2007
- Location: Berlin (Germany)
- Annual Revenue: €171M as on Dec 31, 2021
- Stage: Series C
- Total Funding till date: $34.2M
- Employee Count: 519 as on Dec 31, 2020
- Investors: NGP Capital, REV and 5 Others
- Latest Funding Round: Series C, Jul 08, 2015, $22M
- Highlight: Editors' Pick
2. OUTFITTERY
Subscription-based online retailer of personalized menswear. The platform enables the users to answer a few questions about the clothing style and sizes via an online questionnaire. The company sends a range of individually picked products like apparel, footwear, accessories, and more.
Key facts about OUTFITTERY
- Founded Year: 2012
- Location: Berlin (Germany)
- Annual Revenue: €70.9M as on Dec 31, 2019
- Stage: Series A
- Total Funding till date: $59.8M
- Employee Count: 318 as on Dec 31, 2021
- Investors: TriplePoint Capital, Highland Capital Partners and 29 Others
- Latest Funding Round: Series A, Aug 15, 2016, $22M
- Highlight: Editors' Pick
3. Thermondo
Provider of installation services for the heating systems. The solutions are provided for single-family homes. The platform provides services including the installation of energy-efficient heating technologies such as condensing boilers, and solar and fuel cell heaters. They offer gas heaters, oil heaters, and solar thermal that covers heating equipment in the residential segment.
Key facts about Thermondo
- Founded Year: 2012
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $56.3M
- Employee Count: 352 as on Dec 31, 2020
- Investors: Rocket Internet, 10x Group and 13 Others
- Latest Funding Round: Series C, Nov 02, 2017, $24.4M
- Highlight: Acquired
4. Remerge
Demand-side platform for businesses. It allows app developers analyze the app user base for marketing campaigns, including segmenting and retargeting. It provides audience segmentation, data-secure import, and algorithm-based conversion prediction without the use of any SDK for app developers. It enables businesses to find and re-engage app users using a publisher network, allowing for personalized ad placements based on real-time in-app activity.
Key facts about Remerge
- Founded Year: 2014
- Location: Berlin (Germany)
- Annual Revenue: €65.7M as on Dec 31, 2021
- Stage: Series A
- Total Funding till date: $4M
- Employee Count: 61 as on Dec 31, 2018
- Investors: German Startups Group, Point Nine and 6 Others
- Latest Funding Round: Series A, Aug 27, 2015, $3M
- Highlight: Editors' Pick
5. Aignostics
Provider of AI based pathology diagnostic software. The software is based on the patented technology for reverse engineering the black box that allows diagnostic results explainable in the form of heatmaps and image overlays. It is also used in drug research from visual estimations under a microscope to analysis and quantification.
Key facts about Aignostics
- Founded Year: 2018
- Location: Berlin (Germany)
- Stage: Series B
- Total Funding till date: $53.9M
- Employee Count: 25 as on Dec 31, 2021
- Investors: Wellington Partners Venture Capital, Ascenion and 9 Others
- Latest Funding Round: Series B, Oct 29, 2024, $34M
- Highlight: Editors' Pick
IBB Ventures' Year-on-Year Investment Trends
IBB Ventures has invested in 161 companies over the last 22 years, with an average of 10 new investments annually in the last 10 years. In 2024, it made 15 investments, while as of Jun 2025, it has made 3 investments in this year. Its most recent first time investment was in Lumoview Building Analytics and most recent follow-on round was in Kugu Home.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 3 | 0 | 3 |
2024 | 13 | 2 | 15 |
2023 | 13 | 4 | 17 |
2022 | 10 | 7 | 17 |
2021 | 17 | 7 | 24 |
2020 | 9 | 12 | 21 |
2019 | 12 | 6 | 18 |
2018 | 8 | 5 | 13 |
2017 | 5 | 5 | 10 |
2016 | 6 | 5 | 11 |
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IBB Ventures' Investments by Stage
IBB Ventures has made 92 investments in Seed stage with an average round size of $2.43M, 36 investments in Series A stage with an average round size of $5.65M and 4 investments in Series B stage with an average round size of $21.3M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Seed | 92 |
Series A | 36 |
Series B | 4 |
Series C | 2 |
Unattributed | 2 |
Others | 1 |
IBB Ventures' Investments by Sector
IBB Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, HealthTech, High Tech and Sustainability Tech. Notably, it has invested in 136 Tech companies, 97 Enterprise (B2B) companies, 74 Software companies and at least 57 companies focusing on Consumer (B2C).
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 50 |
Consumer | 38 |
HealthTech | 28 |
High Tech | 22 |
Sustainability Tech | 18 |
Others | 163 |
IBB Ventures' Investments by Geography
IBB Ventures has made most investments in Germany (133), followed by United States where it has made 3 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
Germany | 133 |
United States | 3 |
United Kingdom | 1 |
IBB Ventures' recent investments
Here are the most recent investments by IBB Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 02, 2025 | Germany | Seed | $2.27M | Greencode Ventures [+1] | |
Mar 13, 2025 | Germany | Series A | €6.5²Ñ | Monte Carlo Capital [+3] | |
Feb 12, 2025 | Germany | Seed | $2.37M | Nucleus Capital [+4] | |
Dec 12, 2024 | Germany | Seed | $1.05M | ||
Nov 13, 2024 | Germany | Series A | $12.8M | LBO France [+4] |
Get the detailed list of all investments by IBB Ventures. Download now!IPOs and Publicly Listed companies in IBB Ventures' Portfolio
Here are IBB Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 30, 2016 | - | - | - | |
- | 2014 | Seed | Undisclosed |
Acquired companies in IBB Ventures' Portfolio
Here are IBB Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 10, 2025 | 2010 | PE | Undisclosed | |
Dec 12, 2024 | Mar 20, 2024 | Seed | $5.43M | |
May 22, 2024 | May 20, 2022 | Series A | $3.69M | |
Jan 08, 2024 | Jan 14, 2016 | Seed | Undisclosed | |
Nov 27, 2023 | Oct 2018 | Seed | Undisclosed |
Team profile of IBB Ventures
IBB Ventures has a team of 15 membersÌýincluding 3 Partners and 7 PrincipalsÌýlocated in Germany. IBB Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in IBB Ventures:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Berlin | - | ||
Partner | Berlin | - | ||
Partner | Berlin | - | - | |
Principal | Berlin | - | ||
Principal | Germany | - | ||
Principal | Berlin | - | ||
Principal | Berlin | - | ||
Principal | Berlin | - | ||
Principal | Berlin | - | ||
Principal | Berlin | - | ||
Associate | Berlin | - | - |
Get the full list of IBB Ventures' team & partners for free. Download now!Co-investors of IBB Ventures
Over the past 22 years, 543 investors have co-invested in IBB Ventures's portfolio companies.
- Invested before IBB Ventures:ÌýHTGF, Hasso Plattner Ventures and 120 others have invested in rounds before IBB Ventures. There are 6 companies where HTGF has invested before IBB Ventures and 4 companies where Hasso Plattner Ventures has invested before IBB Ventures.
- Top Co-investors of IBB Ventures:Ìý251 investors entered a company along with IBB Ventures. These include investors like WestTech Ventures (4 companies).
- Invested after IBB Ventures:ÌýA total of 170 investors have invested in IBB Ventures's portfolio after their investments. Top Investors include Future Energy Ventures (3 companies), (3 companies) and Yabeo (3 companies).
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Recent News related to IBB Ventures
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