69 investors have funded 16 IoT Applications companies head-officed in Berlin, across 96 rounds (Sep 2013 – Aug 2025). They are ranked by how many Berlin companies in this market they have actually backed.
"In Berlin" describes the companies, not the investor: most of the money in any city comes from somewhere else, and the Where the money comes from section below shows exactly where it came from here.
Ranked by companies backed in this market and city, then by round count. "Led" counts rounds recorded with this investor as lead.
| # | Investor | Based in | Stages here | Companies | Rounds | Led | Latest | Portfolio total |
|---|---|---|---|---|---|---|---|---|
| 1 | Brandenburg Capital | Potsdam, Germany | Series ASeed | 4 | 4 | 1 | Aug 2025 | 64 |
| 2 | IBB Ventures | Berlin, Germany | SeedSeries A | 2 | 3 | 2 | Nov 2024 | 143 |
| 3 | Tengelmann Ventures | Munich, Germany | SeedSeries A | 2 | 2 | 2 | Nov 2024 | 35 |
| 4 | Future Energy Ventures | Essen, Germany | Series ASeed | 2 | 2 | 2 | Nov 2024 | 28 |
| 5 | Startup Incubator Berlin | Berlin, Germany | Seed | 2 | 2 | 2 | Jun 2016 | 14 |
| 6 | SIGNA | Vienna, Austria | Series ASeries B | 2 | 2 | 1 | Nov 2021 | 9 |
| 7 | Atomico | London, United Kingdom | Series BSeries CSeries D | 1 | 3 | 1 | Dec 2021 | 173 |
| 8 | Cherry Ventures | Berlin, Germany | Series ASeries B | 1 | 3 | 1 | Jun 2019 | 131 |
| 9 | XAnge | Paris, France | SeedSeries A | 1 | 3 | 2 | Oct 2021 | 101 |
| 10 | Berlin Technologie Holding | Berlin, Germany | Seed | 1 | 3 | 2 | Apr 2016 | 10 |
| 11 | Balderton Capital | London, United Kingdom | Series ASeries B | 1 | 2 | 1 | Jun 2019 | 244 |
| 12 | LocalGlobe | London, United Kingdom | Series A | 1 | 2 | — | Feb 2018 | 208 |
| 13 | TriplePoint Capital | Menlo Park, United States | Series ASeries C | 1 | 2 | — | Sep 2020 | 103 |
| 14 | Hanaco Ventures | Tel Aviv, Israel | Series CSeries D | 1 | 2 | — | Dec 2021 | 48 |
| 15 | Astanor | Brussels, Belgium | Series BSeries C | 1 | 2 | — | Sep 2020 | 41 |
| 16 | Bonnier Capital | Stockholm, Sweden | Series CSeries D | 1 | 2 | — | Dec 2021 | 28 |
| 17 | Quadia | Geneva, Switzerland | Series A | 1 | 2 | — | Feb 2018 | 23 |
| 18 | WestTech Ventures | Berlin, Germany | Seed | 1 | 2 | 2 | Apr 2016 | 24 |
| 19 | MOMENI Group | Hamburg, Germany | SeedSeries B | 1 | 2 | 2 | Nov 2021 | 7 |
| 20 | Mons Capital | Warrington, United Kingdom | Series ASeries C | 1 | 2 | — | Sep 2020 | 3 |
| 21 | Techstars | New York City, United States | Seed | 1 | 1 | 1 | Jun 2018 | 3,580 |
| 22 | HTGF | Bonn, Germany | Seed | 1 | 1 | 1 | Jun 2015 | 672 |
| 23 | Startup Wise Guys | Tallinn, Estonia | Seed | 1 | 1 | 1 | Jun 2015 | 374 |
| 24 | Climate Capital | San Francisco, United States | Series A | 1 | 1 | 1 | Jun 2023 | 305 |
| 25 | Verve Ventures | Berlin, Germany | Series B | 1 | 1 | 1 | Nov 2021 | 142 |
| 26 | Rockstart | Amsterdam, Netherlands | Seed | 1 | 1 | — | Oct 2023 | 117 |
| 27 | Qatar Investment Authority | Doha, Qatar | Series D | 1 | 1 | 1 | Dec 2021 | 106 |
| 28 | Lightrock | London, United Kingdom | Series D | 1 | 1 | — | Dec 2021 | 70 |
| 29 | URBAN-X | Brooklyn, United States | Series A | 1 | 1 | 1 | Mar 2023 | 111 |
| 30 | Toba Capital | Newport Beach, United States | Series A | 1 | 1 | — | Aug 2022 | 68 |
| 31 | European Innovation Council | Brussels, Belgium | Series B | 1 | 1 | — | Jun 2019 | 82 |
| 32 | eCAPITAL | Munster, Germany | Series A | 1 | 1 | 1 | Aug 2022 | 57 |
| 33 | FoodLabs | Berlin, Germany | Series A | 1 | 1 | — | Jun 2017 | 49 |
| 34 | Senovo | Munich, Germany | Seed | 1 | 1 | 1 | May 2019 | 34 |
| 35 | BonVenture | Munich, Germany | Series B | 1 | 1 | 1 | Nov 2021 | 26 |
| 36 | LGT Group | Vaduz, Liechtenstein | Series C | 1 | 1 | — | Sep 2020 | 20 |
| 37 | innogy Innovation Hub | Seed | 1 | 1 | 1 | Jun 2017 | 22 | |
| 38 | IDEO | Palo Alto, United States | Series A | 1 | 1 | — | Jun 2017 | 18 |
| 39 | E.ON :agile | Essen, Germany | Seed | 1 | 1 | 1 | Feb 2020 | 20 |
| 40 | Freigeist Capital | Bonn, Germany | Seed | 1 | 1 | — | Sep 2013 | 15 |
| 41 | RaliCap | San Francisco, United States | Seed | 1 | 1 | — | Oct 2023 | 15 |
| 42 | Persistent | Zurich, Switzerland | Seed | 1 | 1 | — | Oct 2023 | 14 |
| 43 | TIME Ventures | San Francisco, United States | Series A | 1 | 1 | — | Aug 2022 | 11 |
| 44 | Wecken & Cie | Basel, Switzerland | Series A | 1 | 1 | 1 | Nov 2024 | 10 |
| 45 | Colliers | Toronto, Canada | Seed | 1 | 1 | 1 | Sep 2018 | 10 |
| 46 | Semtech | Camarillo, United States | Series A | 1 | 1 | — | Aug 2022 | 8 |
| 47 | BayWa re | Munich, Germany | Seed | 1 | 1 | 1 | Oct 2023 | 6 |
| 48 | High Rise Ventures | Berlin, Germany | Seed | 1 | 1 | 1 | Feb 2020 | 8 |
| 49 | HPI Seed | Potsdam, Germany | Seed | 1 | 1 | — | May 2019 | 9 |
| 50 | Blue Field Capital | Cottonwood Heights, United States | Seed | 1 | 1 | — | Aug 2021 | 8 |
| 51 | Aconterra | Antwerp, Belgium | Seed | 1 | 1 | — | Aug 2021 | 7 |
| 52 | Bauwens | Cologne, Germany | Series A | 1 | 1 | — | Jan 2019 | 6 |
| 53 | Great Stuff Ventures | Amsterdam, Netherlands | Seed | 1 | 1 | — | Oct 2023 | 6 |
| 54 | Tofino Capital | Washington, DC, United States | Seed | 1 | 1 | — | Oct 2023 | 7 |
| 55 | Zain Ventures | San Francisco, United States | Seed | 1 | 1 | — | Aug 2021 | 6 |
| 56 | STIHL Ventures | Waiblingen, Germany | Seed | 1 | 1 | — | Oct 2020 | 5 |
| 57 | EWE | Oldenburg, Germany | Series B | 1 | 1 | 1 | Nov 2021 | 4 |
| 58 | Swiss Life Asset Management | Zurich, Switzerland | Series B | 1 | 1 | 1 | Nov 2021 | 4 |
| 59 | ebm-papst | Mulfingen, Germany | Series A | 1 | 1 | 1 | Dec 2019 | 2 |
| 60 | Ricus Capital | Munich | Series B | 1 | 1 | 1 | Nov 2021 | 3 |
| 61 | 3e Capital | Dusseldorf, Germany | Series A | 1 | 1 | — | Oct 2021 | 2 |
| 62 | LEAG | Cottbus, Germany | Seed | 1 | 1 | — | Oct 2020 | 2 |
| 63 | ISAR | Munich, Germany | Seed | 1 | 1 | — | Oct 2020 | 2 |
| 64 | Demand Analytics | Wakefield, United Kingdom | Series A | 1 | 1 | — | Jun 2017 | 1 |
| 65 | EU FUNDING | Brussels, Belgium | Seed | 1 | 1 | — | Mar 2021 | 1 |
| 66 | Gewobag | Berlin, Germany | Series A | 1 | 1 | 1 | Nov 2024 | 1 |
| 67 | OMOS Equity Partners | Berlin, Germany | PE | 1 | 1 | — | Feb 2015 | 1 |
| 68 | Garvest | Poznan, Poland | Seed | 1 | 1 | 1 | Apr 2016 | 1 |
| 69 | Brandenburg | Potsdam | Seed | 1 | 1 | 1 | Mar 2021 | 1 |
Head office of the investors on this page.
Rounds by stage — where in a company's life this money arrives.
Total disclosed size of each round, not one investor's share.
How active this market has been.
IoT Applications companies head-officed in Berlin that took money from these investors.
| Company | Backers | Rounds | Disclosed | Latest round |
|---|---|---|---|---|
| INFARM infarm.com |
17 | 29 | $2.9B | Series D Dec 2021 |
| Dryad Networks dryad.net |
12 | 12 | $54.1M | Series A Jun 2023 |
| Comgy comgy.io |
7 | 8 | $203M | Series B Nov 2021 |
| Kugu Home kugu-home.com |
7 | 8 | $45.4M | Series A Nov 2024 |
| Sensorberg sensorberg.com |
7 | 12 | $13.9M | Series A Oct 2021 |
| Basking basking.io |
7 | 7 | $1.4M | Seed Aug 2021 |
| Circadian circadian.io |
6 | 6 | $7.9M | Seed Oct 2023 |
| 42 Reports 42reports.com |
3 | 3 | — | Seed Sep 2014 |
| Industrial Analytics industrial-analytics.io |
3 | 3 | — | Seed May 2019 |
| Comodule comodule.com |
2 | 2 | $558.3K | Seed Jun 2015 |
| AssistMe assistme.io |
1 | 1 | $6.1M | Series A Aug 2025 |
| Envio Systems enviosystems.com |
1 | 1 | $5M | Series A Dec 2019 |
| Leaftech leaftech.eu |
1 | 1 | — | Seed Jun 2016 |
| Dilax dilax.com |
1 | 1 | — | PE Feb 2015 |
| Sinfosy sinfosy.com |
1 | 1 | — | Series A Sep 2017 |
| HygNova hygnova.com |
1 | 1 | — | Seed Jun 2016 |
| Date | Investor | Company | Stage | Round size |
|---|---|---|---|---|
| Aug 2025 | Brandenburg Capital | AssistMe | Series A | $6.1M |
| Nov 2024 | GewobagLED | Kugu Home | Series A | $9.1M |
| Nov 2024 | Tengelmann VenturesLED | Kugu Home | Series A | $9.1M |
| Nov 2024 | Future Energy VenturesLED | Kugu Home | Series A | $9.1M |
| Nov 2024 | IBB Ventures | Kugu Home | Series A | $9.1M |
| Nov 2024 | Wecken & CieLED | Kugu Home | Series A | $9.1M |
| Oct 2023 | Persistent | Circadian | Seed | $1.3M |
| Oct 2023 | Rockstart | Circadian | Seed | $1.3M |
| Oct 2023 | BayWa reLED | Circadian | Seed | $1.3M |
| Oct 2023 | Tofino Capital | Circadian | Seed | $1.3M |
| Oct 2023 | Great Stuff Ventures | Circadian | Seed | $1.3M |
| Oct 2023 | RaliCap | Circadian | Seed | $1.3M |
| Jun 2023 | Climate CapitalLED | Dryad Networks | Series A | — |
| Mar 2023 | URBAN-XLED | Dryad Networks | Series A | $150K |
| Aug 2022 | Toba Capital | Dryad Networks | Series A | $10.5M |
| Aug 2022 | Semtech | Dryad Networks | Series A | $10.5M |
| Aug 2022 | eCAPITALLED | Dryad Networks | Series A | $10.5M |
| Aug 2022 | TIME Ventures | Dryad Networks | Series A | $10.5M |
| Dec 2021 | Atomico | INFARM | Series D | $200M |
| Dec 2021 | Qatar Investment AuthorityLED | INFARM | Series D | $200M |
IoT Applications investors in other cities
Other markets in Berlin