Early-stage VC, Berlin
468 Capital
Venture capital firm · Berlin · Founded 2020
Quick read
468 Capital is a Berlin-based early-stage VC firm founded in 2020 by operators with backgrounds building HelloFresh, FoodPanda, and Mesosphere. It raised $200M for Fund I — the largest debut VC fund in European history at the time — and followed with a $400M Fund II in 2022, bringing total capital to $1.3B. The firm backs founders with global ambitions across the US and Europe, writing checks at Seed into category-defining technology companies.
Key facts
- Founded
- 2020
- Founders
- Ludwig Ensthaler, Alexander Kudlich, Florian Leibert
- Employees
- 11-50
- Sectors
- saas, ai, climate, fintech, enterprise, devtools
- Website
- 468cap.com/
Investment thesis
468 Capital backs early-stage, founder-led technology companies with global ambitions, writing Seed-stage checks into businesses it believes can define or dominate their categories. The team concentrates on software, AI, climate and energy transition, and developer tools, investing across Europe and North America.
Recent activity
- Jul 2026investmentBerlin-based ARC Intelligence raised €4M to build an AI-native finance operating system, with 468 Capital participating. crunchbase.com
- Apr 2026investmentCata, an e-commerce and marketplaces startup, raised a $5.3M seed round with 468 Capital participating. tipranks.com
- Apr 2026investmentAstor, a fintech and financial services startup, raised a $5M seed round with 468 Capital participating. tipranks.com
- Mar 2026investmentQFEX raised $9.5M in a seed round led by General Catalyst, with 468 Capital among the participants alongside Y Combinator, Moonfire Ventures, and others. cbinsights.com
- Jan 2026press468 Capital featured in German startup press roundup covering VC market developments alongside Fernride, Quantum Systems, and KRUU. cbinsights.com
- Aug 2025press468 Capital named among the top 50 venture investors in Germany in a CB Insights research brief. cbinsights.com
- Nov 2024investmentOneLot closed a $3.3M seed round co-led by 468 Capital and Accion Ventures. The Philippines-based used car dealer financing platform had financed over $7M in loans and supported 150+ dealers in 18 months. linkedin.com
- Nov 2024investmentPave Bank closed a $39M Series A led by Accel. 468 Capital had backed the programmable bank account startup since pre-seed. linkedin.com
- Apr 2026investment468 Capital backed Cata, an e-commerce and marketplaces startup, in a $5.30M Seed round. tipranks.com
- Apr 2026investment468 Capital participated in a $5.00M Seed round for Astor, a fintech and financial services company. tipranks.com
- Mar 2025investmentPhilosopherKing raised $3M in a Seed round with 468 Capital and 212 Vc participating. tracxn.com
- Aug 2025investment468 Capital joined a $3.3M Seed round for a Web3 fintech project spanning API, DApp, and stablecoin categories, alongside Y Combinator, Bitso, and others. crypto-fundraising.info
Notable investments
- CataSeedApr 2026tipranks.com
- AstorSeedApr 2026tipranks.com
- QFEXSeedMar 2026cbinsights.com
- ARC IntelligenceSeedJul 2026crunchbase.com
- OneLotSeedNov 2024linkedin.com
- Pave BankSeries ANov 2024linkedin.com
- HoneyHiveSeedundatedtipranks.com
- PhilosopherKingSeedMar 2025tracxn.com
- Niko EnergySeedundatedlinkedin.com
- Jua.aiSeedundatedlinkedin.com
- Tools for the CommonsPre-SeedMar 2026tracxn.com
- PoetiqSeedJan 2026tracxn.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Ludwig Ensthaler · General Partner
- Florian Leibert · General Partner
- Alexander Kudlich · General Partner
- Philipp Seifert · Partner
- Mark Pols · Partner
- Mario Götze · Investor
Sources
- About › 468 Capital
- 468 Capital Raises $400 Million Fund II
- 468 Capital Portfolio – CB Insights
- 468 Capital – Tracxn Investor Profile 2026
- 468 Capital | LinkedIn
- 468 Capital on LinkedIn: Jua.ai $16M Seed round
- 468 Capital Investment Portfolio | PitchBook
- https://tracxn.com/d/venture-capital/468-capital/__PvJ3zdM2BK-utw9SyjkrtArkRvai6Jiseu1AwF0YlmU
- https://www.tipranks.com/private-companies/investor/468-capital
- https://crypto-fundraising.info/funds/468-capital/
- https://www.linkedin.com/in/florianleibert
- https://www.crunchbase.com/organization/468-capital/news_and_analysis
Other VCs in Germany
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- Point Nine Capital · SaaS-only VC, Berlin·
- High-Tech Gründerfonds · Seed VC, Bonn·
- HV Capital · Multi-stage VC, Munich (ex-Holtzbrinck Ventures)
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Frequently asked
What is 468 Capital?+
468 Capital is a Berlin-based early-stage VC firm founded in 2020 by operators with backgrounds building HelloFresh, FoodPanda, and Mesosphere. It raised $200M for Fund I — the largest debut VC fund in European history at the time — and followed with a $400M Fund II in 2022, bringing total capital to $1.
Where is 468 Capital headquartered?+
468 Capital is headquartered in Berlin, Germany.
When was 468 Capital founded?+
468 Capital was founded in 2020 by Ludwig Ensthaler, Alexander Kudlich, Florian Leibert.
What sectors does 468 Capital invest in?+
468 Capital focuses on saas, ai, climate, fintech, enterprise, devtools. They primarily invest in these sectors.
How do I prepare for a meeting with 468 Capital?+
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