About Matterwave Ventures
Matterwave Ventures is a venture capital firm founded in 2016. It is primarily based out of Munich, Germany. As of Apr 2025, Matterwave Ventures is an active investor, having invested in 45 companies, with 4 new investments in the last 12 months. It primarily invests in Series A round in Germany based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Industrial Goods and Manufacturing. Most recently it led the $6.33M Series A round of Akhetonics along with Bayern Kapital. This round also saw participation from Runa Capital and other investors.
Overall, Matterwave Ventures portfolio has seen 1 unicorn, 1 IPO and 2 acquisitions including key companies like Project44, BigRep and eperi. A lot of funds co-invest with Matterwave Ventures, with names like Ventech sharing a substantial percentage of its portfolio.
Matterwave Ventures has team of 13 people including 4 partners.
Key Metrics
Team Members
, &
Portfolio Sectors
Rounds of Entry
Seed, Series A &
Portfolio IPOs
Portfolio Acquisitions
eperi &
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Matterwave Ventures' List of Top Investments
Matterwave Ventures has a portfolio of 45 companies, one of which is a Unicorn. Their most notable investments are in Innerspace and Visplore.Their portfolio spans across Germany, Austria, United StatesÌý²¹²Ô»å 8 more locations. They have invested in Enterprise Applications, High Tech, Industrial Goods and ManufacturingÌý²¹²Ô»å 15 other sectors, across stages such as Seed, Series A Ìý²¹²Ô»å 1 more. Here is the list of top investments by Matterwave Ventures:1. Project44
Provider of cloud-based cargo and supply chain visibility tracking solutions. It provides users with a platform that connects shippers and 3PLs to carriers through the integration of a transport management system. It enables users to pull carrier rate quotes, automate dispatch requests, track shipments, and pull images. It also offers visibility solutions such as carrier rating, workflow automation, tracking, and dynamic rate quotes. It provides solutions for industries such as retail, manufacturing, life sciences, food and beverage, and consumer goods.
Key facts about Project44
- Founded Year: 2014
- Location: Chicago (United States)
- Valuation: $2.7B as on Nov 03, 2022
- Stage: Series G
- Total Funding till date: $912M
- Employee Count: 43 as on Jan 31, 2021
- Investors: TPG, Goldman Sachs and 24 Others
- Latest Funding Round: Series G, Nov 03, 2022, $80M
- Highlight: Editors' Pick
2. BigRep
Provider of diversified 3D printing equipment. It offers industrial 3D printers, 3D printing materials in filament form, and print management software. It has developed a full-scale format 3D printers based on fused filament fabrication technology. It can print with the usual plastics, but can also be set up to use a mixture of wood fibers and polymer or a sandstone-type filament.
Key facts about BigRep
3.
Provider of system-on-chips for IoT applications. It offers IP and EDA tools for the adoption of application-specific instruction-set microprocessors. This enables optimizing processor IP for specific embedded software leading to a significant increase in performance and power efficiency. It provides a combination of highly automated ASIP tools and pre-verified extensible processor IPs.
Key facts about Codasip
- Founded Year: 2014
- Location: Brno (Czech Republic)
- Annual Revenue: 84.3M CZK as on Dec 31, 2022
- Stage: Series A
- Total Funding till date: $12.8M
- Investors: Ventech, BtoV and
- Latest Funding Round: Grant (prize money), Jun 30, 2021, $59.5K
4. Innatera
Developer of neuromorphic microprocessors. It leverages a computing system called spiking neural network to encode voltage spikes, realize its cognitive functions, and to encode sensor information through which the processor can mimic the brains mechanisms.
Key facts about Innatera
- Founded Year: 2018
- Location: Delft (Netherlands)
- Stage: Series A
- Total Funding till date: $43.3M
- Investors: MIG Capital, b2venture and 5 Others
- Latest Funding Round: Series A, Jun 27, 2024, $21M
- Highlight: Editors' Pick
5.
Electrochaea has developed a commercially viable solution for utility-scale energy storage, grid balancing, and carbon reuse. Their proprietary process converts low-cost and stranded electricity and carbon dioxide into pipeline-grade renewable gas for direct injection into the existing natural gas grid, a conversion process known as “power-to-gas".
Key facts about Electrochaea
Matterwave Ventures' Year-on-Year Investment Trends
Matterwave Ventures has invested in 45 companies over the last 3 years, with an average of 6 new investments annually in the last 3 years. In 2024, it made 11 investments, while as of Apr 2025, it has made 1 investment in this year. Its most recent first time investment was in OKAPI:Orbits and most recent follow-on round was in Innatera.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 1 | 0 | 1 |
2024 | 9 | 2 | 11 |
2023 | 4 | 1 | 5 |
2022 | 3 | 0 | 3 |
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Matterwave Ventures' Investments by Stage
Matterwave Ventures has made 9 investments in Seed stage with an average round size of $4.65M, 6 investments in Series A stage with an average round size of $7.95M and 2 investments in Series B stage with an average round size of $21.9M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
Series A | 6 |
Series B | 2 |
Matterwave Ventures' Investments by Sector
Matterwave Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Industrial Goods and Manufacturing, Environment Tech and Real Estate and Construction Tech. Notably, it has invested in 41 Enterprise (B2B) companies, 41 Tech companies, 25 Software companies and at least 18 companies focusing on Saas.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 11 |
High Tech | 9 |
Industrial Goods and Manufacturing | 4 |
Environment Tech | 3 |
Real Estate and Construction Tech | 3 |
Others | 19 |
Matterwave Ventures' Investments by Geography
Matterwave Ventures has made most investments in Germany (6), followed by Austria where it has made 4 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
Germany | 6 |
Austria | 4 |
France | 3 |
Netherlands | 2 |
Belgium | 1 |
Others | 1 |
Matterwave Ventures' recent investments
Here are the most recent investments by Matterwave Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 24, 2025 | Germany | Seed | €13²Ñ | Ventech [+2] | |
Nov 29, 2024 | Germany | Series A | $6.33M | 468 Capital [+3] | |
Oct 03, 2024 | France | Seed | $3.32M | Supernova Invest [+1] | |
Sep 03, 2024 | Belgium | Seed | $1.94M | ||
Jun 27, 2024 | Netherlands | Series A | $21M | Invest-NL [+4] |
Get the detailed list of all investments by Matterwave Ventures. Download now!Unicorns in Matterwave Ventures' Portfolio
Here is a list of unicorns in Matterwave Ventures' portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Provider of cloud-based cargo and supply chain visibility tracking solutions | 2014 | Chicago | Series G | hhk{gcy |
IPOs and Publicly Listed companies in Matterwave Ventures' Portfolio
Here are Matterwave Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 02, 2024 | - | - | - |
Acquired companies in Matterwave Ventures' Portfolio
Here are Matterwave Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 22, 2022 | - | - | - | |
Nov 21, 2011 | - | - | - |
Team profile of Matterwave Ventures
Matterwave Ventures has a team of 13 membersÌýincluding 4 Partners, 2 Venture Partners and 2 PrincipalsÌýlocated in Germany, Switzerland and . Matterwave Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Matterwave Ventures:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Tutzing | - | ||
Partner | Munich | - | - | |
Partner | - | - | ||
Partner | Munich | - | ||
Venture Partner | Switzerland | - | - | |
Venture Partner | Paris | - | ||
Principal | Munich | - | ||
Principal | Berlin | - | ||
Associate | Germany | - | ||
Analyst | Munich | - | - | |
Analyst | Zurich | - | - |
Get the full list of Matterwave Ventures' team & partners for free. Download now!Co-investors of Matterwave Ventures
Over the past 3 years, 93 investors have co-invested in Matterwave Ventures's portfolio companies.
- Invested before Matterwave Ventures:Ìýb2venture, EIC Fund and 40 others have invested in rounds before Matterwave Ventures. There are 4 companies where b2venture has invested before Matterwave Ventures and 2 companies where EIC Fund has invested before Matterwave Ventures.
- Top Co-investors of Matterwave Ventures:Ìý45 investors entered a company along with Matterwave Ventures. These include investors like Ventech (2 companies).
- Invested after Matterwave Ventures:ÌýA total of 6 investors have invested in Matterwave Ventures's portfolio after their investments. Top Investors include (1 company), NordicNinja (1 company) and DeepTech & Climate Fonds (1 company).
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