Heliad AG is a publicly listed, Frankfurt-based venture capital and growth equity firm that invests in market-leading, fast-growing technology companies across Europe. It uses an evergreen structure to support founders from early-stage through to IPO and beyond.
Deal activity increased 100% year-over-year (4 deals in the last 12 months). Average disclosed round size is $23.9M (across 12 rounds with reported amounts).
Portfolio
16
Fund Size
—
Top Stage
Series B
Last 12 Mo
4
Team
CV
Cecil von Croÿ
Venture Partner
DN
Dr. Nicolaus Berlin
Venture Partner
AW
Alexander Wagner
Platform
HS
Herbert Seuling
Member of the Supervisory Board
JK
Julian Kappus
Co-CEO
PR
Peter Renato Schneider
Fund Operations
RK
Roland Kloesel
Finance & Support
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
17 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Bayshore | Seed | $8M | Jun 2026 |
 Bayshore AI | Seed | $8M | Jun 2026 |
 StratifAI | Unknown | — | Sep 2025 |
 Tangany | Series A | — | Sep 2025 |
 Project Q | Series A | — | Jul 2025 |
 Albacore | Unknown | $6.5M | Jan 2025 |
 MODIFI | Series B | $15M | Nov 2024 |
 lemon.markets | Unknown | — | Jul 2024 |
 InstaFreight | Series B | $40M | Jan 2022 |
| IInstafreight | Series B | $40M | Jan 2022 |
 Workmotion | Series B | $50M | Jan 2022 |
 NewtonX | Series B | $32M | Dec 2021 |
| IInstafreight | Series B | $48M | Jan 2021 |
 Encosa | Pre-Seed | — | — |
| EEncosa Energy | Seed | $25M | — |
 Turtle Club | Seed | $6.2M | — |
 Bayshore | Seed | $8M | — |
Top Co-Investors
Earlybird Venture Capital3 shared
BOOOM3 shared
Lucid Capital3 shared
European Investment Bank3 shared
Picus Capital2 shared
Redstone2 shared
Bayern Kapital2 shared
Verve Ventures2 shared
First Momentum Ventures2 shared
Lakestar1 shared
System.One1 shared
Creandum1 shared
Lightspeed Venture Partners1 shared
CommerzVentures1 shared
Marbruck Investments1 shared
Level One Fund1 shared
Xfund1 shared
Third Prime1 shared
Gaingels1 shared
Story Ventures1 shared
Last updated: 7 October 2026