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    Venture Stars

    Munich, GermanyFounded 2011

    Venture Stars is a Munich-based early-stage venture capital firm backing category-defining AI-native B2C and B2B companies. Originally founded in 2011 as a company builder, the firm invests at pre-seed and seed with initial tickets ranging from €500k to €1.5m.

    Average disclosed round size is $30.7M (across 5 rounds with reported amounts).

    Find people at Venture Stars on Goldilocks AI

    Portfolio

    15

    Fund Size

    —

    Top Stage

    Seed

    Last 12 Mo

    1

    Team

    STEFAN PFANNMOLLER

    STEFAN PFANNMOLLER

    Founding Partner

    FLORIAN CALMBACH

    FLORIAN CALMBACH

    Managing Partner

    MARTIN JUNKER

    MARTIN JUNKER

    Managing Partner

    CHRISTIAN MAERZKE

    CHRISTIAN MAERZKE

    Managing Director

    RAPHAEL BUDDAY

    RAPHAEL BUDDAY

    Principal

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    24 investments
    CompanyRoundAmountDate
    VoiceLine logoVoiceLineSeries A—Feb 2026
    Freshflow logoFreshflowUnknown—May 2025
    Marcley logoMarcleySeed—Jan 2024
    Finanzguru logoFinanzguruSeries B—Apr 2023
    Marcley logoMarcleyPre-Seed—Jan 2023
    Holidu logoHoliduSeries D$45MMay 2021
    Finoa logoFinoaSeries A$22MApr 2021
    Holidu logoHoliduSeries D$45MJan 2021
    Holidu logoHoliduSeries C—Jan 2021
    Finoa logoFinoaSeed—Jan 2020
    Holidu logoHoliduSeries C—Sep 2019
    Holidu logoHoliduSeries A—Jan 2016
    Holidu logoHoliduGrowth—Jan 2016
    Promoboxx logoPromoboxxSeed$1.4MJan 2012
    Synera logoSyneraSeries A$40M—
    DaphOS logoDaphOSSeed——
    EyeLights logoEyeLightsSeries A——
    Biddz logoBiddzUnknown——
    Blue Activity logoBlue ActivitySeed——
    Otark logoOtarkSeed——
    VoiceLine logoVoiceLineUnknown——
    Holidu logoHoliduSeries A——
    VoiceLine logoVoiceLineSeed——
    Synera logoSyneraSeed——

    Top Co-Investors

    Last updated: 20 October 2026