Matterwave Ventures is a Munich-based early-stage venture capital firm backing European industrial hardware and software companies. Spun out from btov Partners in 2022, it invests in deep-tech startups modernizing European industry across areas like robotics, IoT, photonics, and industrial decarbonization.
Deal activity increased 67% year-over-year (5 deals in the last 12 months). Average disclosed round size is $24.3M (across 9 rounds with reported amounts).
Portfolio
29
Fund Size
—
Top Stage
Seed
Last 12 Mo
5
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
34 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| NNVision Imaging Technologies | Series B | $55M | May 2026 |
 nVision | Series B | $55M | Jan 2026 |
 AVES Reality | Seed | — | Jan 2026 |
 Amplifold | Seed | — | Dec 2025 |
 Infinite Orbits | Growth | — | Nov 2025 |
| Infinite Orbits | Unknown | — | Nov 2025 |
 Optimuse | Seed | — | Oct 2025 |
 Roseman Labs | Series A | — | Jan 2025 |
 Akhetonics | Seed | $6.3M | Nov 2024 |
 DessIA | Seed | — | Oct 2024 |
 Ventory | Seed | — | Sep 2024 |
 Innatera Nanosystems | Series A | $21M | Jun 2024 |
 LiveEO | Series B | — | Jun 2024 |
 ZeroPoint | Series A | — | May 2024 |
 Firecell | Seed | — | Mar 2024 |
| Innatera Nanosystems | Series A | $16.3M | Mar 2024 |
 Innatera | Series A | $21M | Mar 2024 |
 Threedy | Series A | $10.4M | Feb 2024 |
 ecoLocked | Seed | — | Jan 2024 |
 Tvarit | Series A | — | Oct 2023 |
| Roseman Labs | Seed | — | Sep 2023 |
| Tvarit | Seed | — | Apr 2023 |
 Visplore | Unknown | — | Jan 2023 |
| LiveEO | Unknown | $19.5M | Aug 2022 |
 OKAPI:Orbits | Seed | — | — |
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Top Co-Investors
Ventech4 shared
b2venture3 shared
Dolby Family Ventures3 shared
APEX Ventures3 shared
NP-Hard Ventures2 shared
Balnord2 shared
Newfund2 shared
Wind2 shared
MMC Ventures2 shared
Halogen Ventures2 shared
DvH Ventures2 shared
Segra Capital Management2 shared
Hannover Digital Investments2 shared
European Commission2 shared
IDG Capital2 shared
Invest-NL2 shared
MIG Capital AG2 shared
Delft Enterprises2 shared
Momenta2 shared
Last updated: 7 October 2026