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Founded in 2020, 468 Capital is a venture capital firm with dual headquarters in Berlin, Germany, and San Francisco, USA. The firm focuses on investing in technology companies led by founders who aim to redefine their respective markets. With a team of experienced technologists and investors, 468 Capital leverages its background in building and scaling major technology firms to support its portfolio companies.
As of 2023, 468 Capital has raised a total of $1.3 billion across multiple funds, with its second fund closing at $400 million in January 2022. The firm has invested in over 100 companies across more than 17 countries, emphasizing a long-term partnership with its portfolio companies. 468 Capital also has an office in Madrid, expanding its reach within Europe and beyond.
The firm’s notable milestones include backing early-stage companies that have gone on to achieve significant market presence. Its commitment to supporting founder-led businesses is evident in its operational approach, which combines capital investment with strategic guidance.
468 Capital specializes in investing in technology companies across four primary sectors: AI & Automation, Infrastructure & Enterprise Software, Energy Transition & Climate, and Prosumer & Consumer. The firm invests at various growth stages, including pre-seed, seed, Series A, and Series B, emphasizing long-term partnerships with its portfolio companies to foster innovation and market leadership.
The firm seeks to invest in founder-led technology companies early, focusing on those that can redefine their markets and scale globally. 468 Capital emphasizes market timing, technical expertise, and operator experience to support ambitious startups. The firm is particularly interested in companies that demonstrate significant potential for international expansion and have a clear path to market leadership.
In addition to its sector focus, 468 Capital values technical depth and a strong founding team. The firm looks for startups that can define their category within the tech landscape, particularly in areas such as automation, electrification, and consumer products.
468 Capital has invested in over 100 technology companies, showcasing a diverse portfolio across various sectors. Notable portfolio companies include:
This portfolio reflects 468 Capital's commitment to supporting technology companies that are poised for growth and market disruption.
Alexander Kudlich: General Partner at 468 Capital, Kudlich has a history of starting and leading major technology companies. He has been involved in investments in quick-commerce and consumer companies, including Zapp and Arive.
Ludwig Ensthaler: General Partner, Ensthaler has built and led companies such as HelloFresh and FoodPanda, contributing to a combined market capitalization exceeding $50 billion.
Florian Leibert: General Partner, Leibert focuses on MLOps and open-source software commercialization. His experience includes leadership roles in companies like Mesosphere.
Philipp Seifert: Partner, Seifert previously worked at Sapphire Ventures and Goldman Sachs, bringing a strong financial background to the team.
Bernhard Janke: Partner, Janke has experience from LEA Partners and GFC, contributing to the firm's investment strategy and execution.
To pitch 468 Capital, founders should use the contact email contact@468cap.com or visit their website at 468cap.com. A well-structured pitch deck is essential, including details about the business model, market opportunity, competitive landscape, and team qualifications.
While specific response times are not disclosed, founders should expect a thorough review process. Warm introductions can enhance the chances of receiving a timely response, so leveraging connections within the tech ecosystem is advisable.
In November 2025, 468 Capital co-led a $3.3 million seed round for OneLot, a financing platform for used car dealers in the Philippines. This investment highlights the firm's commitment to supporting innovative startups across diverse markets.
In January 2022, 468 Capital closed its second fund at approximately $400 million, significantly increasing its capital base to support early-stage technology companies. This fund aims to back founder-led businesses that can redefine their markets.
What investment criteria does 468 Capital use?
468 Capital focuses on early-stage, founder-led technology companies across sectors such as AI, energy, and consumer products. The firm looks for startups with significant market potential and a clear path to scaling globally.
How can founders apply or pitch to 468 Capital?
Founders can pitch their startups by visiting the firm's website at 468cap.com and using the contact email contact@468cap.com. A well-prepared pitch deck that outlines the business model, market opportunity, and team is recommended.
What makes 468 Capital different from other VC firms?
468 Capital emphasizes a collaborative approach, working closely with founders to navigate challenges and scale their businesses effectively. The firm combines capital investment with operational support and technical expertise.
What is the geographic scope of 468 Capital's investments?
The firm invests globally, with a strong focus on North America and Europe. Its dual headquarters in Berlin and San Francisco facilitate access to diverse markets.
What is the typical check size for investments?
While specific check sizes are not disclosed, 468 Capital invests across various stages, including pre-seed, seed, Series A, and Series B, indicating flexibility in funding amounts based on the company's needs.
What kind of post-investment involvement can founders expect?
Founders can expect active involvement from 468 Capital, including mentorship, access to a vast network, and operational support to help scale their businesses effectively.
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