The forensic accounting industry in DACH focuses on investigating financial discrepancies and ensuring compliance within organizations. Companies operating in this field provide crucial services such as fraud detection, litigation support, and financial audits tailored to help businesses maintain transparency. As digital transformation continues to reshape financial landscapes, there is a growing demand for advanced technologies and data analytics in forensic accounting. This shift enhances the industry's efficiency, enabling deeper investigations and more accurate financial reporting. The fusion of software solutions with forensic methodologies promises to elevate the industry further, ensuring that accounting practices remain robust and dependable.


In this overview of forensic accounting investors, we've assembled prominent players from DACH. Our list represents a mix of venture capital firms and corporate investors that operate across major cities like Munich, Berlin, and Frankfurt. Ranging in size from 1-10 to over 10,000 employees, these investment firms have established themselves since the early 2000s and actively engaged in 2024 with varied deal counts. Notably, firms like Deutsche Bank and Cherry Ventures contributed significantly to funding initiatives focused on financial technology, demonstrating their strategic interests in the forensic accounting sector.


Top 15 Forensic Accounting Investors in DACH


1. Deutsche Bank

  • Website: db.com
  • Type: Corporate
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 1870
  • Headcount: 10001+
  • Number of deals in 2024: 32
  • LinkedIn: deutsche-bank

Deutsche Bank AG, founded in 1870 and headquartered in Frankfurt, Hesse, Germany, is a leading investment bank and financial services provider. With over 10,000 employees, it offers a wide array of solutions including investment banking, corporate banking, cash management, trade finance, and securities services. The bank serves corporate and institutional clients, helping them manage their financial assets and liquidity effectively through its digital platform, Autobahn. Notably, Deutsche Bank has participated in significant transactions relevant to the forensic accounting industry, such as its investment in Binalyze, which raised $19 million in a Series A financing round aimed at enhancing its digital forensics and incident response capabilities. This investment highlights Deutsche Bank's commitment to supporting innovative solutions in the forensic accounting space, making it a relevant player in this field.


2. Cherry Ventures

  • Website: cherry.vc
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 25
  • LinkedIn: cherry-ventures

Cherry Ventures is a Berlin-based venture capital firm founded in 2012, specializing in early-stage investments across Europe. The firm provides capital, mentorship, and resources to innovative startups in various sectors, including SaaS and mobility. Notably, Cherry Ventures participated in a $13M financing round for Light, a company that develops a fully automated general ledger for multinationals, highlighting their interest in financial technology and accounting solutions. Additionally, they have invested in Atlas Metrics, which focuses on ESG metrics, and Bits Technology, a startup that has raised funds to accelerate product development. These transactions reflect Cherry Ventures' commitment to supporting companies that aim to create lasting impact in their industries, including those relevant to forensic accounting.


3. Possible Ventures

  • Website: possible.ventures
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2021
  • Headcount: 1-10
  • Number of deals in 2024: 9
  • LinkedIn: possible-vc

Possible Ventures is a venture capital firm based in Munich, Bavaria, Germany, founded in 2021. The firm has made a total of 9 investments in 2024, focusing on innovative fintech solutions. One of their notable investments is in CryptoTaxCalculator, which raised over $2.9 million in a seed round, providing tools for tax compliance in the cryptocurrency space. They also invested in Octav, a DeFi labeling and tax reconciliation platform, which raised $2.65 million, further emphasizing their interest in financial technology that aids in tax and accounting processes. Additionally, Possible Ventures participated in a $2 million seed round for Sumday, a startup focused on carbon accounting, which highlights their commitment to transparency in financial reporting. These transactions reflect Possible Ventures' engagement with companies that align with forensic accounting principles, particularly in the areas of financial transparency and compliance.


4. Visionaries Club

  • Website: visionaries.vc
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2019
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: visionaries-club

Visionaries Club is a venture capital firm based in Berlin, Germany, founded in 2019. The firm specializes in supporting startups and entrepreneurs within the technology sector, providing both investment and consulting services to foster growth and innovation. Notable transactions include their participation in Taxdoo, which raised significant funding to enhance its tax compliance solutions, a critical area for forensic accounting. Additionally, Visionaries Club led a seed funding round for SECJUR, a company that offers an AI-powered compliance automation platform, further emphasizing their interest in compliance and regulatory technology. These investments highlight Visionaries Club's commitment to backing companies that operate at the intersection of technology and financial compliance, making them a relevant player in the forensic accounting landscape.


5. 14Peaks Capital

  • Website: 14peaks.capital
  • Type: Venture Capital
  • Headquarters: Zug, Zug, Switzerland
  • Founded year: 2022
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: 14peakscapital

14Peaks Capital is a venture capital firm based in Zug, Switzerland, founded in 2022. The firm partners with early-stage founders to provide capital and operational support, primarily focusing on B2B software startups in sectors such as Fintech and HR Tech. In 2024, 14Peaks Capital has made five investments, including notable transactions like FlowFi, which creates a marketplace for finance experts, and ThreatFabric, which specializes in fraud detection. Their investment in ThreatFabric, which raised EUR 11.5M, highlights their interest in enhancing fraud detection capabilities, a key area in forensic accounting. Additionally, their backing of Tune Insight, which focuses on healthcare security data and compliance, further aligns with forensic accounting principles by addressing data liability and security. These transactions illustrate 14Peaks Capital's strategic approach to investing in technologies that support financial integrity and compliance, making them a relevant player in the forensic accounting landscape.


6. Neosfer

  • Website: neosfer.com
  • Type: Corporate
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 2013
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn:

Neosfer is a venture capital firm and consulting company based in Frankfurt, Hesse, Germany, founded in 2013. The firm specializes in early-stage investments in startups within the financial services sector, providing venture capital, strategic consulting, and networking opportunities to ambitious founders. In 2024, Neosfer has made five investments, including notable transactions such as their participation in the £6 million Seed investment in Triple Technologies, which focuses on AI solutions for the financial sector. They also invested in CANDIS, a Berlin-based company that automates accounts payable processes, raising $16 million in a Series C round. These investments highlight Neosfer's commitment to supporting innovative financial technologies that could have applications in forensic accounting, particularly in areas like expense management and financial analysis.


7. Seedstars

  • Website: seedstars.com
  • Type: Venture Capital
  • Headquarters: Carouge, Geneva, Switzerland
  • Founded year: 2012
  • Headcount: 201-500
  • Number of deals in 2024: 6
  • LinkedIn: seedstars

Seedstars is a venture capital firm based in Carouge, Geneva, Switzerland, founded in 2012. The firm is dedicated to supporting startups and entrepreneurs in emerging markets through various programs, including acceleration and growth initiatives, investment readiness, and the operation of entrepreneurship hubs. Seedstars collaborates with governments, investors, and development agencies to foster entrepreneurial ecosystems and drive social and economic development. Notably, Seedstars has participated in several transactions relevant to the forensic accounting context, such as their investment in Taxo, a Mexican tax automation platform that raised $1.2 million to enhance tax declaration processes. Additionally, their involvement in StepChange, which raised over $4 million to develop region-specific carbon accounting models, further highlights their engagement in financial and accounting technologies. Other investments include Finfra, an Indonesian FinTech pioneer, which aims to advance its product development in finance, showcasing Seedstars' commitment to innovative financial solutions.


8. EOS Group

  • Website: eos-solutions.com
  • Type: Corporate
  • Headquarters: Hamburg, Hamburg, Germany
  • Founded year: 1974
  • Headcount: 5001-10000
  • Number of deals in 2024: 2
  • LinkedIn: eos-group_695812

EOS Group, founded in 1974 and based in Hamburg, Germany, is a corporate investor specializing in financial services, particularly in receivables management and debt collection. With a workforce of 5001-10000 employees, the company has made significant strides in the debt purchase market through strategic acquisitions. Notably, in 2011, EOS Group acquired 100% of the shares in Credirec, a leading player in the French debt purchase market, which specializes in receivables management. This acquisition not only marked EOS Group's entry into the French market but also enhanced its expertise in managing consumer debts. Additionally, in 2009, EOS Group acquired Acción de Cobro, the in-house debt collection company of Banco Pastor, further solidifying its position in the Spanish debt collection sector. These transactions reflect EOS Group's commitment to expanding its capabilities in managing receivables, which often involves forensic accounting practices to ensure the integrity and recoverability of debts.


9. 10x Group

  • Website: 10x.group
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2006
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: 10x-group

10x Group is a venture capital firm based in Munich, Bavaria, Germany, founded in 2006. The firm invests in founders and startups across Europe and Silicon Valley, focusing on providing financial backing and strategic support to entrepreneurs in various industries, particularly in technology and software. Among their notable transactions, 10x Group invested in AuditFile, a provider of engagement solutions for CPA firms, which raised $3 million in funding in 2014 and $3 million in a venture round in 2013. This investment highlights their involvement in the accounting sector, which is relevant to forensic accounting. Additionally, they have invested in IDnow, a provider of identification and eSigning solutions, and finway, a finance operating system for SMBs, further showcasing their focus on financial technology. However, the overall emphasis on technology and software may dilute their direct relevance to forensic accounting.


10. Grazia Equity

  • Website: grazia.com
  • Type: Venture Capital
  • Headquarters: Stuttgart, Baden-Württemberg, Germany
  • Founded year: 1998
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: grazia-equity

Grazia Equity GmbH is a venture capital firm based in Stuttgart, Baden-Württemberg, Germany, founded in 1998. The firm specializes in providing investment management services to startups and entrepreneurs, focusing on funding innovative businesses across various sectors. In recent years, Grazia Equity has made notable investments in companies relevant to the accounting and financial technology space. For instance, they participated in a €3.5 million Series A funding round for SMACC, a German accounting software startup, which aims to enhance its technology platform and accelerate growth. Additionally, Grazia Equity was involved in a seed funding round for Hypatos, a process automation startup, which raised $11.8 million to expand its AI models and growth in various markets. These transactions highlight Grazia Equity's engagement with companies that operate in areas closely related to forensic accounting, making them a noteworthy player in this investment category.


11. 42cap

  • Website: 42cap.com
  • Type: Venture Capital
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 6
  • LinkedIn: 42cap

42CAP is a venture capital firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2016. The firm specializes in seed-stage investments in tech and data-driven B2B software companies across Europe, providing both funding and mentorship to entrepreneurs. Among their notable transactions, they participated in funding rounds for CANDIS, a platform that automates accounting and payment processes, which raised €12M in a Series B round. This investment highlights 42CAP's interest in the accounting sector, particularly in technologies that enhance financial processes. Additionally, they have invested in Taxy.io, a software developer, and Lumiform, which focuses on product development and marketing efforts. These transactions reflect 42CAP's commitment to supporting innovative startups that can potentially impact the financial and accounting landscape.


12. LEA Partners

  • Website: leapartners.de
  • Type: Venture Capital
  • Headquarters: Karlsruhe, Baden-Württemberg, Germany
  • Founded year: 2002
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: l-ea-private-equity-gmbh

LEA Partners GmbH is a venture capital firm based in Karlsruhe, Baden-Württemberg, Germany, founded in 2002. The firm specializes in technology investments and private equity, primarily focusing on supporting B2B tech companies through capital and strategic partnerships. LEA Partners has been actively involved in various transactions, including the acquisition of IDL Group in January 2019, which may have implications in the tech and accounting sectors. Notably, they participated in funding rounds for sevDesk, a leading provider of cloud-native accounting software, securing over €50 million in Series B funding in May 2021 and previously in a Series A round in September 2017. This involvement with sevDesk highlights their commitment to the accounting technology space, which is relevant to forensic accounting. Additionally, they supported Goya Health in a seed round in May 2023, further demonstrating their active role in technology investments.


13. Zeno Ventures

  • Website: zenoventures.com
  • Type: Venture Capital
  • Headquarters: Geneva, Geneva, Switzerland
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: zeno-ventures

Zeno Ventures is a venture capital firm based in Geneva, Switzerland, founded in 2016. The firm specializes in private equity and venture capital, focusing on backing exceptional teams and investing in high-quality businesses across various sectors. Their clients primarily include institutional investors seeking to capitalize on exclusive investment opportunities while supporting portfolio companies in their growth and transformation efforts. In 2021, Zeno Ventures participated in a Series B funding round for Aumni, an investment analytics provider, which aligns with the forensic accounting field by offering insights into investment data and analytics. Additionally, their involvement with Mercury, a bank for startups that plans to integrate with accounting software, further emphasizes their connection to the financial and accounting technology landscape. In 2023, Zeno Ventures also invested in Finta, a company that raised $2 million in a seed round, indicating their active engagement in the financial technology space.


14. Dieter von Holtzbrinck Ventures


Dieter von Holtzbrinck Ventures GmbH is a venture capital firm founded in 2014, based in Neunkirchen, North Rhine-Westphalia, Germany. The firm specializes in investing in early-stage technology companies across diverse sectors, including Digital Health, Education, DeepTech, and Climate Tech/ESG. They provide not only financial support but also management expertise and access to a broad network of investors to help startups grow and succeed. Notably, they participated in the Series A funding round for Smacc, a German accounting software startup, which raised €3.5 million. This investment highlights their engagement in the accounting sector, which is relevant to forensic accounting. Additionally, they invested in Hypatos, a company focused on automating financial processes, further indicating their interest in technology that intersects with accounting practices.


15. Hannover Digital Investments GmbH


Hannover Digital Investments GmbH is a venture capital firm based in Hanover, Lower Saxony, Germany, founded in 2017. The firm specializes in providing funding and strategic support to young, innovative companies that focus on digital solutions and services. With a small team of 1-10 employees, Hannover Digital Investments emphasizes early-stage investments and fostering collaboration within the digital landscape. Notably, they participated in a Series A funding round for Alyne, a German RegTech startup that raised €3 million, which highlights their engagement in sectors that align with regulatory compliance and risk management—key components of forensic accounting. Additionally, they were involved in a funding round for Finanzguru, although this company is more focused on financial management rather than forensic accounting directly. Overall, their investment strategy indicates a potential interest in areas relevant to forensic accounting, particularly through their support of RegTech initiatives.



Forensic Accounting Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Deutsche BankFrankfurt, Hesse, Germany10001+187032
Cherry VenturesBerlin, Berlin, Germany11-50201225
Possible VenturesMunich, Bavaria, Germany1-1020219
Visionaries ClubBerlin, Berlin, Germany11-5020197
14Peaks CapitalZug, Zug, Switzerland1-1020225
NeosferFrankfurt, Hesse, Germany11-5020135
SeedstarsCarouge, Geneva, Switzerland201-50020126
EOS GroupHamburg, Hamburg, Germany5001-1000019742
10x GroupMunich, Bavaria, Germany1-1020062
Grazia EquityStuttgart, Baden-Württemberg, Germany11-5019983
42capFlensburg, Schleswig-Holstein, Germany1-1020166
LEA PartnersKarlsruhe, Baden-Württemberg, Germany11-5020028
Zeno VenturesGeneva, Geneva, Switzerland1-1020163
Dieter von Holtzbrinck VenturesNeunkirchen, North Rhine-Westphalia, Germany1-1020142
Hannover Digital Investments GmbHHanover, Lower Saxony, Germany1-1020172


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