UVC Partners is expanding its current fund and providing an additional €150 million for growth investments. In total, the investor is managing €400 million in fresh capital for technology founders. The Munich-based VC is expanding its previous focus on early-stage financing to include investments in later rounds.
Already at the end of 2024, UVC Partners announced the closing of its early-stage fund ‘UVC Fund IV’. Now a growth fund is being added. Going forward, the investor wants to finance companies from the early stage through Series B and beyond, both making new investments and expanding existing positions.
Ingo Potthof, managing partner at UVC Partners, says:
“The fund has generated considerable interest from investors and sends a clear signal to founders: fresh capital is available. This enables us to invest phase-independently – from early stage through Series B and beyond.”
More capital for later rounds
With the additional capital, UVC Partners is responding to the higher financing needs of startups in their growth phase. According to the investor, initial tickets can amount to up to €10 million regardless of the phase. Together, both funds can provide up to €30 million per company. More than 50 percent of the capital is reserved for follow-on financing.
Planned are 25 to 30 investments in companies from pre-seed and seed through Series A. Additionally, 8 to 12 investments from Series B onwards, in both new and existing portfolio companies. The growth fund is thus intended not only to identify new targets, but especially to continue where the early-stage fund reaches its limits.
Johannes von Borries, managing partner at UVC Partners, says:
“With our new growth fund, we’re combining the best of both worlds. We strategically increase our stakes in our most successful portfolio companies and expand our shares when investments cannot be fully covered by the early-stage fund.”
UVC Partners is also keeping the fund open for additional investors. The company expects a final closing in late summer 2026.
UnternehmerTUM as a lever
To justify the expanded approach, UVC Partners points to developments in its own portfolio. Companies in the areas of deeptech, climatetech, mobility, and software/AI are mentioned. As references, the investor cites Munich startups such as Isar Aerospace, Proxima Fusion, Reverion, Finn, Flix, Planqc, Tacto, Deep Drive and Stabl.
UVC Partners is also an independent partner of UnternehmerTUM and thus links the new fund to access to industrial companies, experts, laboratories, and talent from the Technical University of Munich ecosystem. The company presents the growth fund not only as a source of capital, but also as a continuation of its operational support model.
With the additional capital, UVC Partners is drawing conclusions from a development that concerns many venture capitalists in Europe: early-stage investments alone are often no longer sufficient when promising startups want to grow in capital-intensive technology sectors. The new fund is designed to close exactly this gap.
