The financial software industry in DACH (Germany, Austria, Switzerland) is a vibrant sector where innovation meets financial needs. This industry consists of technology firms that develop software solutions for managing financial transactions, data analysis, and compliance. Key players include fintech startups providing services like digital banking, wealth management, and financial analytics tools. The industry is evolving rapidly with trends like artificial intelligence, decentralized finance, and enhanced user experience through fintech apps. Collectively, these advancements are reshaping how businesses and consumers interact with financial services, aiming for efficiency, transparency, and accessibility.

In the DACH region, a mix of venture capital and corporate investors are shaping the financial software landscape. Predominantly based in German-speaking countries, these firms range from small teams to large entities, with varying investment styles and strategies. In 2024, the group made over 380 investments, showing a robust interest in financing innovative fintech solutions. Companies like Cherry Ventures and Deutsche Bank illustrate the spectrum of funding sources dedicated to this dynamic market. Established between 1997 and 2020, these investors have a history of supporting transformative startups in the ever-evolving finance sector.

Top 19 Financial Software Investors in DACH

1. Speedinvest

• Website: speedinvest.com
• Type: Venture Capital
• Headquarters: Vienna, Vienna, Austria
• Founded year: 2011
• Headcount: 51-200
• Number of deals in 2024: 45
• LinkedIn: speedinvest

Speedinvest is a venture capital firm based in Vienna, Austria, founded in 2011. The firm specializes in funding early-stage tech startups across Europe, providing both capital and hands-on support to help these companies scale their operations. Speedinvest's investment focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. They leverage a vast network of industry experts to assist their portfolio companies. Notably, Speedinvest has participated in significant transactions within the financial software context, such as Pleo, which raised $559,636 in a seed round, and Open Financial Technologies, where they participated in both Series A and Series B funding rounds totaling $35 million. Additionally, they led a $3 million pre-Series A round for Oze, a fintech startup aimed at increasing access to affordable finance in West Africa. These investments highlight Speedinvest's active role in the financial software industry.

2. Picus Capital

• Website: picuscap.com
• Type: Venture Capital
• Headquarters: Munich, Bavaria, Germany
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 28
• LinkedIn: picus-capital

Picus Capital is a Munich-based venture capital firm founded in 2015, focusing on early-stage technology investments. With a team size of 11-50, they partner with innovative startups across various sectors, including fintech and healthcare. In 2024 alone, Picus Capital has made 28 investments, showcasing their active role in the venture capital landscape. Notably, they have been involved in several funding rounds for Clara, a Mexico-based spend management company, which raised a total of $160 million in equity financing across multiple rounds, including Pre-Seed, Series A, and Series B. This involvement highlights Picus Capital's commitment to supporting financial software innovations and their strategic guidance to empower entrepreneurs in the fintech sector.

3. Sictic

• Website: sictic.ch
• Type: Venture Capital
• Headquarters: Zurich, Zurich, Switzerland
• Founded year: 2014
• Headcount: 201-500
• Number of deals in 2024: 77
• LinkedIn: sictic

SICTIC is a not-for-profit organization based in Zurich, Switzerland, that connects smart money investors with innovative early-stage technology startups. Founded in 2014, SICTIC provides investment opportunities, networking events, and educational resources to facilitate the growth of startups and the investment community. Notably, SICTIC has been involved in several transactions within the financial software sector, including Billte, a Swiss FinTech firm that secured funding to accelerate its growth, and Contovista, which raised funds for its financial data analytics solutions. Additionally, SICTIC has supported Yokoy, a spend management platform, in its funding rounds, demonstrating their commitment to investing in financial software innovations.

4. Point Nine

• Website: pointnine.com
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn: point-nine-capital

Point Nine is a Berlin-based venture capital firm founded in 2011, focusing on early-stage investments in technology startups, particularly in the SaaS, enterprise software, and B2B marketplace sectors. They are known for their active participation in seed funding and subsequent funding rounds to help startups scale. Notably, Point Nine has invested in Cryptio, which raised $15 million in a Series A round, and is recognized for its enterprise-grade back-office platform aimed at financial institutions. Additionally, they have invested in Mambu, a leading banking software provider, which raised over $33 million in a Series C round. These transactions highlight Point Nine's strategic focus on the financial software sector, reinforcing their role as a significant player in this industry.

5. 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, the bank offers a wide array of services including investment banking, corporate banking, cash management, trade finance, and securities services. Deutsche Bank serves corporate and institutional clients, helping them manage their financial assets and liquidity effectively through its digital platform, Autobahn. Notably, Deutsche Bank has been involved in several transactions within the financial software sector, including leading funding rounds for Finanzguru, a multibanking app that has raised significant capital to expand its platform. Additionally, Deutsche Bank's participation in the funding of R3, a blockchain technology firm, highlights its commitment to investing in innovative financial software solutions. These transactions underscore Deutsche Bank's active role in the financial software industry.

6. Earlybird Venture Capital

• Website: earlybird.com
• Type: Venture Capital
• Headquarters: Germany
• Founded year: 1997
• Headcount: 51-200
• Number of deals in 2024: 29
• LinkedIn: earlybird-venture-capital

Earlybird Venture Capital is a venture capital firm based in Germany, founded in 1997, that specializes in investing in European technology innovators. With a focus on nurturing early-stage companies through funding and mentorship, Earlybird provides financial resources and strategic support primarily in the digital health and deep tech sectors. In recent years, they have also made notable investments in the financial software space. For instance, they participated in a €35 million funding round for finmid, a company that offers embedded finance solutions aimed at improving access to finance for small and medium-sized businesses in Europe. Additionally, Earlybird was involved in a €35 million Series B funding round for CrossLend, a fintech company dedicated to enhancing the efficiency of capital markets. These transactions underscore Earlybird's active role in the financial software industry, alongside their broader investment strategy.

7. HV Capital

• Website: hvcapital.com
• Type: Venture Capital
• Headquarters: Flensburg, Schleswig-Holstein, Germany
• Founded year: 2000
• Headcount: 11-50
• Number of deals in 2024: 28
• LinkedIn: hvventures

HV Capital is a venture capital firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2000. With over €2.8 billion under management, HV Capital specializes in investing in digital companies and supporting entrepreneurs from seed stage to exit. The firm has been actively involved in the financial software sector, with notable investments including Penta, a digital banking platform for SMEs in Italy and Germany, which raised multiple rounds of funding totaling over $40 million. Additionally, HV Capital invested in Yapily, a company that raised $51 million in Series B funding, focusing on open banking solutions. These transactions highlight HV Capital's commitment to fostering innovation in the financial software industry, making it a significant player in this space.

8. 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 venture capital firm based in Berlin, Germany, founded in 2012. The firm specializes in early-stage investments in startups across Europe, providing capital, mentorship, and resources to founders in various sectors, including SaaS and mobility. Notably, Cherry Ventures has been actively involved in the fintech space, particularly through its investments in Moss, a German startup that offers financial management solutions. Cherry Ventures participated in several funding rounds for Moss, including a Seed round of $6 million in January 2020, a Series A round of approximately $29 million in August 2021, and a Series A round of €21 million in January 2021, as well as a Series B round that raised $86 million in January 2022. This consistent support for a fintech company highlights Cherry Ventures' commitment to the financial software industry and its potential for creating lasting impact in this sector.

9. 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 focuses on 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 made significant investments in the financial software sector, including TAXO, a Mexican tax automation platform that raised a pre-seed round of $1.2 million, and Finfra, an Indonesian FinTech pioneer that raised $1 million to enhance its product development and expand its teams. These transactions highlight Seedstars' commitment to investing in innovative financial solutions that cater to the needs of emerging markets.

10. 1kx

• Website: 1kx.network
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2018
• Headcount: 11-50
• Number of deals in 2024: 19
• LinkedIn: 1kxnetwork

1kx is a Berlin-based venture capital firm founded in 2018, specializing in the cryptocurrency sector. The firm focuses on ecosystem growth and provides advisory services to founders in the web3 space, helping them bootstrap token networks and achieve economic sustainability. 1kx emphasizes community engagement and hands-on support in the creation and design of token models. Notable transactions include a $15 million Series A investment in Cryptio, a financial software platform that helps businesses manage their cryptocurrency transactions and reporting. They also invested $12 million in NFTBank, which provides analytics and management tools for NFT portfolios, and $2.2 million in B.Protocol, a decentralized liquidity protocol that enhances financial services in the DeFi space. These investments reflect 1kx's commitment to supporting innovative financial solutions within the cryptocurrency ecosystem.

11. 468Cap

• Website: 468cap.com
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2020
• Headcount: 11-50
• Number of deals in 2024: 27
• LinkedIn: 468cap

468 Capital is a venture capital firm based in Berlin, Germany, founded in 2020. The firm specializes in technology investments, focusing on backing founder-led startups across various sectors, including AI, energy transition, and enterprise software. In 2024, 468Cap has been particularly active, with 27 investments, reflecting their commitment to supporting innovative companies. Notably, they led a $3.2 million pre-seed funding round for UserHub, a company that aims to expand its engineering team and accelerate product development, which may include financial software solutions. Additionally, their investment in OneLot, which raised $4 million in a pre-seed round, further demonstrates their engagement in the software space. These transactions highlight 468Cap's strategic approach to investing in technology that could intersect with financial software.

12. Angel Invest

• Website: angelinvest.ventures
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2018
• Headcount: 1-10
• Number of deals in 2024: 23
• LinkedIn: angel-invest-ventures

Angel Invest is a venture capital firm based in Berlin, Germany, founded in 2018. They specialize in angel investments in early-stage technology startups, providing both funding and coaching to help founders achieve product-market fit and prepare for Series A funding. In 2024, Angel Invest has been actively involved in 23 investments, including notable transactions in the fintech space. For instance, they participated in the pre-seed funding round for Incredible, a London-based fintech company, which secured $1 million. They also invested in lemon.markets, a startup focused on financial technology, during its pre-seed round. These investments highlight Angel Invest's commitment to supporting innovative financial software solutions alongside their broader technology investment strategy.

13. b2venture

• Website: b2venture.vc
• Type: Venture Capital
• Headquarters: St. Gallen, St. Gallen, Switzerland
• Founded year: 2000
• Headcount: 11-50
• Number of deals in 2024: 15
• LinkedIn: btovpartners

b2venture is a venture capital firm based in St. Gallen, Switzerland, founded in 2000. The firm specializes in early-stage investments in innovative startups across various sectors, providing financial backing and support to entrepreneurs. They collaborate with a community of angel investors, enhancing their investment strategy and positioning them as a key player in the European venture capital landscape. Notably, b2venture has invested in financial software companies such as finway, a German finance operating system for SMBs, which raised $10 million in a Series A round in February 2023, and Ledgy, a Zurich-based equity management platform that has raised multiple funding rounds, including a $10 million Series A in September 2021 and a $22 million Series B in September 2022. These transactions highlight b2venture's active role in the financial software industry.

14. CommerzVentures

• Website: commerzventures.com
• Type: Venture Capital
• Headquarters: Frankfurt, Hesse, Germany
• Founded year: 2014
• Headcount: 1-10
• Number of deals in 2024: 6
• LinkedIn: commerzventures

CommerzVentures is a venture capital firm based in Frankfurt, Hesse, Germany, founded in 2014. The firm specializes in investing in fintech startups and manages €550 million across three funds. CommerzVentures not only provides capital but also offers advisory services to help startups navigate the competitive financial technology landscape. Notable transactions include leading a $20M Series A funding round for Cledara, a software management platform, and participating in multiple funding rounds for Mambu, a cloud banking platform, including a Series C round where they raised approximately $33.9 million. Additionally, they led a Series A round for Helu.io, a fintech company focused on budget planning. These investments highlight CommerzVentures' active role in the financial software industry, making them a significant player in this space.

15. La Famiglia

• Website: lafamiglia.vc
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2016
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn: la-famiglia-vc

La Famiglia is a venture capital fund based in Berlin, Germany, founded in 2016. The firm specializes in early-stage and growth-stage investments in technology companies, with a strong emphasis on enabling disruptive innovations across various industries. La Famiglia supports tech entrepreneurs by providing capital, market access, and strategic partnerships. Notably, they have invested in several fintech companies, including Ramp, a fintech startup that raised $300 million in a Series D funding round, and Atlar, a bank payments platform that secured €5M in Seed funding. Additionally, they participated in the seed financing round for Bling.de, a Berlin-based fintech. These transactions highlight La Famiglia's active role in the financial software sector, reinforcing their relevance as an investor in this space.

16. Six

• Website: six-group.com
• Type: Corporate
• Headquarters: Zurich, Zurich, Switzerland
• Founded year: 2008
• Headcount: 1001-5000
• Number of deals in 2024: 8
• LinkedIn: sixgroup

SIX is a corporate investor based in Zurich, Switzerland, founded in 2008. As a financial services company, it operates critical financial market infrastructure and provides a range of services including securities transactions, payment processing, and financial information services. In recent years, SIX has made significant investments in the fintech space, particularly in financial software. Notable transactions include their participation in funding rounds for Yokoy, a spend management platform, where they contributed to both Series A and Series B funding rounds, and Expense Robot, a Zurich-based fintech startup focused on expense management. Additionally, SIX invested in Toqio, a low-code fintech platform, during its Series A funding round. These investments highlight SIX's commitment to supporting innovative financial software solutions and its strategic role in the fintech ecosystem.

17. Bayern Kapital

• Website: bayernkapital.de
• Type: Venture Capital
• Headquarters: Landshut, Bavaria, Germany
• Founded year: 1995
• Headcount: 11-50
• Number of deals in 2024: 27
• LinkedIn: bayern-kapital-gmbh

Bayern Kapital is a venture capital firm based in Landshut, Bavaria, Germany, founded in 1995. The firm specializes in providing investment and growth capital to innovative high-tech startups and scale-ups in Bavaria, with a focus on sectors such as life sciences and software. Notably, Bayern Kapital has been involved in several transactions within the financial software industry, including investments in Tidely, a Munich-based FinTech startup that raised €3.5 million in seed funding in March 2023, and wealthpilot, which secured €8 million in a financing round in January 2021. Additionally, they have supported Bilendo, a company that raised funds in multiple seed rounds. These transactions highlight Bayern Kapital's active role in fostering growth in the financial software sector, making them a relevant investor in this space.

18. TA Ventures

• Website: taventures.vc
• Type: Venture Capital
• Headquarters: Frankfurt, Hesse, Germany
• Founded year: 2010
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn: ta-ventures

TA Ventures is a venture capital firm based in Frankfurt, Hesse, Germany, founded in 2010. The firm specializes in early-stage technology startups across various sectors, with a notable focus on HealthTech and FinTech. TA Ventures provides capital and strategic support to help startups grow in competitive markets. They have a global presence and actively engage in building networks for their portfolio companies. Among their relevant transactions, they invested in SumUp, a company that raised funds to enhance payment solutions, and participated in the funding round for Fintech Farm, which aims to launch neobanks in developing economies. Additionally, they have been involved with Goin, a financial management platform, through multiple funding rounds, indicating their commitment to supporting financial software innovations.

19. Sap

• Website: sap.com
• Type: Corporate
• Headquarters: Walldorf, Baden-Württemberg, Germany
• Founded year: 1972
• Headcount: 10001+
• Number of deals in 2024: 3
• LinkedIn: sap

SAP SE, founded in 1972 and headquartered in Walldorf, Germany, is a leading corporate investor in enterprise software solutions, including financial software. With over 10,000 employees, SAP specializes in developing integrated software solutions that help businesses streamline operations and improve customer relations. Notably, in January 2022, SAP acquired Taulia, a FinTech company focused on supply chain financing, for less than $1 billion. This acquisition aims to bolster SAP's working capital management offerings, demonstrating its commitment to enhancing financial flexibility for businesses. In addition to Taulia, SAP has made several other acquisitions, such as SmartOps, which focuses on inventory optimization, and SuccessFactors, which enhances its human resources applications. These transactions reflect SAP's strategy to integrate financial and operational software solutions, making it a relevant player in the financial software industry.

Financial Software Insights: Key Investors in DACH

Investor	Headquarter	Size	Founded	Deals 2024
Speedinvest	Vienna, Vienna, Austria	51-200	2011	45
Picus Capital	Munich, Bavaria, Germany	11-50	2015	28
Sictic	Zurich, Zurich, Switzerland	201-500	2014	77
Point Nine	Berlin, Berlin, Germany	11-50	2011	16
Deutsche Bank	Frankfurt, Hesse, Germany	10001+	1870	32
Earlybird Venture Capital	Germany	51-200	1997	29
HV Capital	Flensburg, Schleswig-Holstein, Germany	11-50	2000	28
Cherry Ventures	Berlin, Berlin, Germany	11-50	2012	25
Seedstars	Carouge, Geneva, Switzerland	201-500	2012	6
1kx	Berlin, Berlin, Germany	11-50	2018	19
468Cap	Berlin, Berlin, Germany	11-50	2020	27
Angel Invest	Berlin, Berlin, Germany	1-10	2018	23
b2venture	St. Gallen, St. Gallen, Switzerland	11-50	2000	15
CommerzVentures	Frankfurt, Hesse, Germany	1-10	2014	6
La Famiglia	Berlin, Berlin, Germany	11-50	2016	4
Six	Zurich, Zurich, Switzerland	1001-5000	2008	8
Bayern Kapital	Landshut, Bavaria, Germany	11-50	1995	27
TA Ventures	Frankfurt, Hesse, Germany	11-50	2010	5
Sap	Walldorf, Baden-Württemberg, Germany	10001+	1972	3

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