Tengelmann Ventures is the corporate venture capital arm of the Tengelmann Group, a German retail conglomerate. Founded in 2009 and based in Munich, it invests primarily in consumer-centric B2C and B2B startups across the DACH region, with a focus on e-commerce and food tech.
Average disclosed round size is $60.0M (across 16 rounds with reported amounts).
Portfolio
23
Fund Size
—
Top Stage
Unknown
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
28 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Edurino | Series B | — | Jul 2025 |
 Marvel Fusion GmbH | Series B | — | Mar 2025 |
 REBIKE | Unknown | — | Oct 2024 |
| Marvel Fusion GmbH | Series B | $67.8M | Sep 2024 |
 Planet A Foods | Series B | $30M | Jan 2024 |
 Planet A Foods | Series B | $30M | Jan 2024 |
| Edurino | Series A | — | Mar 2023 |
| NNo Meat Factory | Series B | $42M | Jan 2023 |
 COMPEON | Series C | — | Jan 2021 |
 Travelcircus | Seed | — | Jan 2021 |
| CCarmudi | Series B | $10M | Jan 2018 |
 CareerFoundry | Series A | $5M | Apr 2016 |
 Global Fashion Group | Unknown | $339M | Jan 2016 |
| COMPEON | Series A | — | Jan 2015 |
| EEasy Taxi | Series D | $40M | Jul 2014 |
| PPricePanda | Seed | $3M | Jan 2014 |
 Westwing | Unknown | — | Jan 2014 |
 Lamudi | Unknown | $7M | Jan 2014 |
| CCarmudi | Unknown | $10M | Jan 2014 |
 Lazada | Series D | $100M | Jun 2013 |
| LLamoda GmbH | Growth | $130M | Jun 2013 |
 Zalora | Unknown | $100M | Jan 2013 |
| Lazada | Unknown | $26M | Dec 2012 |
 Sumup | Series A | $20M | Aug 2012 |
 Masterplan | Series A | — | — |
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Top Co-Investors
HV Capital7 shared
Bayern Kapital5 shared
b2venture5 shared
Summit Partners5 shared
Kinnevik4 shared
Access Industries4 shared
Verlinvest3 shared
G-FUND2 shared
Emerge2 shared
DNS Capital2 shared
FJ Labs2 shared
Asia Pacific Internet Group2 shared
IBB Ventures2 shared
IBB2 shared
Holtzbrinck Digital2 shared
Burda Principal Investments2 shared
World Fund2 shared
Cherry Ventures2 shared
Omnes Capital2 shared
Earlybird Venture Capital1 shared
Last updated: 7 October 2026