D11Z is the venture capital arm of the Dieter Schwarz family office (founder of the Schwarz Group / Lidl), based in Heilbronn, Germany. It provides patient capital and operational support to early-stage digital, AI, and deep-tech startups across Europe, investing from pre-seed through Series A.
Their most common stage is seed (42% of deals). Average disclosed round size is $20.1M (across 6 rounds with reported amounts).
Portfolio
22
Fund Size
—
Top Stage
Seed
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
26 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Pre-Seed | — | Sep 2025 | |
| Pre-Seed | — | Jul 2025 | |
| Series A | — | Apr 2025 | |
| Seed | — | Mar 2025 | |
| Series A | — | Mar 2025 | |
| Pre-Seed | — | Feb 2025 | |
| Seed | — | Jan 2025 | |
| Seed | — | Jan 2025 | |
| Pre-Seed | — | Jan 2025 | |
| Pre-Seed | — | Dec 2024 | |
| PPluvion | Pre-Seed | — | Oct 2024 |
| Seed | — | Jan 2024 | |
| Seed | $5M | Jan 2024 | |
| EEleva | Series A | $66M | Jan 2021 |
| Series B | $21M | Sep 2013 | |
| Series A | $7.6M | — | |
| Seed | — | — | |
| Seed | — | — | |
| Seed | — | — | |
| Seed | — | — | |
| Pre-Seed | — | — | |
| DDeeplify | Pre-Seed | — | — |
| Pre-Seed | — | — | |
| Seed | $14.5M | — | |
| Unknown | — | — |
Page 1 of 2
Top Co-Investors
High-Tech Gründerfonds6 shared
Antler4 shared
Project A3 shared
Tioga Capital3 shared
Sequoia Capital3 shared
Creandum2 shared
Venture Stars2 shared
Cusp Capital2 shared
UnternehmerTUM2 shared
Calm/Storm Ventures2 shared
Vanagon Ventures2 shared
EWOR2 shared
Realty Corporation1 shared
HV Capital1 shared
YZR Capital1 shared
Techstars1 shared
Rethink Ventures1 shared
seed + speed Ventures1 shared
Bayern Kapital1 shared
Last updated: 20 October 2026
