UVC Partners expands new fund to €400 million, adding growth capital
Munich/Berlin, March 12, 2026 – In late 2024, UVC Partners announced the final closing of its new early-stage fund, “UVC Fund IV”, after completing the raise in a record six months. Today, the DeepTech B2B investor announces an additional €150 million earmarked for growth-stage investments. This will bring the total amount of newly raised capital for technology founders to €400 million.
“The fund has attracted significant interest from investors and sends a clear signal to founders: fresh capital is available,” says Dr. Ingo Potthof, Managing Partner at UVC Partners. “This allows us to invest stage-agnostically, from early stage through Series B and beyond. In addition, our startups benefit from close ties to Europe’s number one startup ecosystem, which aims to turn the continent into a leading global technology hub.”
Unique momentum for strong portfolio companies
“UVC Partners’ portfolio companies are currently demonstrating strong progress in both their business development and technological capabilities. Recent financing rounds and operational milestones highlight the successful scaling of B2B innovations across DeepTech, ClimateTech, Mobility, and Software/AI,” says Andreas Unseld, General Partner at UVC Partners.
A key focus of recent developments has been expanding technical infrastructure. Following the successful first launch of its rocket, Isar Aerospace secured €150 million in financing and is preparing for its next launch. In the energy sector, Proxima Fusion completed an immense Series A financing round raised in fusion energy, bringing its total funding to more than €200 million. In addition to developing the technical concept for a commercial fusion power plant, Proxima plans to build a demonstration reactor in Germany. At the same time, Reverion further increased the efficiency of its reversible fuel cell systems, achieving an electrical efficiency of over 74% – a world record.
In the mobility sector, the focus is on profitable growth and market expansion. Car subscription provider FINN grew its subscription ARR by 60% to € 255 million and the number of active subscribers to over 40,000. At the same time, Flix announced a €2.4 billion investment program, including the procurement of 65 new trains to expand rail services.
Investing in new and existing growth-stage companies
“With our new Growth Fund, we combine the best of both worlds,” says Johannes von Borries, Managing Partner at UVC Partners. “We selectively double down on our top-performing portfolio companies and expand our ownership when investments cannot be fully covered by the early-stage fund. This strategy is a win-win. We can retain attractive investment opportunities and enable our founders to raise large growth-stage financing rounds. In addition, we are creating new opportunities by investing in promising late-stage companies that have not previously been part of our portfolio – both from our continuously growing ecosystem and across Europe.”
The new Growth Fund is open to additional investors
“We are grateful for the strong support from both existing and new investors. We remain open to conversations with additional partners and expect a final closing in late summer 2026 as we continue backing the next generation of game-changing companies,” says Ingo Potthof.
This ambition is deeply rooted in UVC Partners’ close relationship with UnternehmerTUM, Europe’s leading startup hub – an ecosystem that has already produced unicorns such as Celonis and Personio. In addition to Proxima Fusion, Isar Aerospace, and Reverion, UVC Partners’ portfolio includes numerous other industry-defining innovators such as planqc, Q.ANT, Tacto, and DeepDrive. Looking ahead, the firm aims to further internationalize its investment focus and back innovators across Europe who are shaping the future of technology – contributing to a sovereign, secure, and prosperous continent.
Measurable value creation and deep technology expertise
European tech founders need more than capital alone. UVC Partners, therefore, provides tailored support and resources across multiple dimensions.
One key differentiator is UVC Partners’ high-performance, results-driven five-member value creation team, which is closely connected to UnternehmerTUM. The team works side by side with some of Europe’s most ambitious B2B tech founders and leverages the ecosystem's strengths: privileged access to decision-makers at more than 1,000 corporates, leading experts, state-of-the-art labs, and industry platforms.
"Led by Dr. Sarah Theinert, our value creation function is designed to align our interests with the founders by prioritizing measurable revenue growth and high-impact industry partnerships. Most importantly, we provide actionable access to the UnternehmerTUM network, empowering founders with peer learning, elite talent, and direct access to decision-makers. And we have the toolset to provide this excellent support throughout any stage from startups to category leaders," says Benjamin Erhart, General Partner at UVC Partners.
Every interaction is tracked and measured to ensure a structured process with tangible outcomes, ranging from direct revenue impact to long-term strategic partnerships and joint development projects with established industry players.
Beyond hands-on support and capital, UVC Partners brings additional strengths to the table. Founded in 2011, the firm’s partners collectively bring more than 100 years of experience in investing, exits, and company building, along with deep sector expertise. All partners have technical backgrounds, enabling them to quickly and effectively understand and support technology founders.
Details on UVC Fund IV and the new Growth Fund
UVC Partners is actively seeking outstanding B2B tech teams at an early as well as growth stage across Europe.
Regardless of stage, initial ticket sizes can reach €10 million. Each fund can allocate in aggregate up to €30 million in a single portfolio company. Overall, more than 50 percent of the funds are reserved for follow-on financing rounds. UVC Partners plans to make 25 to 30 investments in companies from pre-seed and seed through Series A, and 8 to 12 investments are planned at the Series B stage and beyond in new and existing companies.
About UVC Partners
UVC Partners is a leading venture capital firm that invests in B2B tech startups at early and growth stages across Europe. With more than €700 million in assets under management, the VC initially invests ticket sizes of up to €10 million across DeepTech, ClimateTech, Mobility, and Software/AI. Both the early-stage fund and the growth fund can allocate in aggregate up to €30 million in a single portfolio company. As an independent partner of UnternehmerTUM, Europe's leading startup hub, UVC Partners has unique access to proprietary deal flow, more than 1,000 corporates and SMEs, as well as talent from the Technical University of Munich, which belongs to the best European technical universities. UVC Partners' investment portfolio includes Flix, Isar Aerospace, planqc, Proxima Fusion, Reverion, Tacto, FINN, DeepDrive, STABL, and many more. All portfolio companies and founders benefit from the team's extensive investment and exit experience, its ability to build sustainable category leaders, and a high-performance, results-driven value-creation team closely connected to UnternehmerTUM, enabling startups to speed up market entry.
Website: www.uvcpartners.com
