Case studies
What conviction looks like in numbers.
Selected ventures, each with the thesis we underwrote, what we contributed and the outcome that followed.
Insurtech
Active
Rebuilding insurance distribution around the advisor.
A digital insurance platform that scaled from a Berlin start-up to one of Europe's most valuable insurtech companies by making advisors — not apps — the centre of the model.
€4.5B
Peak valuation
2M+
Insured customers
EdTech
Active
Live language teaching, delivered at industrial scale.
An online language school that turned live, human-taught classes into a 24/7 global product — and proved that education can scale without abandoning teachers.
100k+
Active students
1,400+
Qualified teachers
Data Analytics
Realised — IPO
The fastest analytics database — from deep tech to public markets.
A high-performance in-memory analytics database built in Nuremberg that took on the global data warehouse incumbents and listed on the Frankfurt Stock Exchange.
2020
Frankfurt IPO
#1
TPC-H benchmark record
Consumer
Realised
A tech-enabled coffee chain built for Asian density.
A mobile-first coffee brand that opened hundreds of compact stores across Asia in under three years by treating each location as a logistics node, not a café.
250+
Stores opened
7
Markets entered
Hospitality Tech
Active
Professionalising short-term rental management.
A property management platform that turned the messy, local business of short-let hosting into a standardised, multi-country service with software underneath.
20+
Cities managed
€100M+
Bookings processed
Insurtech
Realised — Trade sale
Embedded insurance at the point of purchase.
A pioneer of embedded insurance that placed cover inside e-commerce checkouts across Europe — and was ultimately acquired by Allianz Partners.
2022
Acquired by Allianz
28
Countries live
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