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Leblon Capital is a Munich-based venture investment firm founded in 2011. The firm emphasizes a founder-first approach, focusing on mission-driven entrepreneurs rather than merely investing in companies. This commitment to long-term partnerships and first-round participation distinguishes Leblon Capital in the venture capital landscape.
Currently, the firm operates with a sector-agnostic strategy, favoring deeptech and technology-heavy sectors such as software, healthcare, and industrial technology. Leblon Capital has established itself as a key player in the European venture capital scene, with a focus on early-stage investments, particularly at the pre-seed and seed stages.
As of now, the firm has not disclosed its total assets under management (AUM) or the size of its funds. However, it is known for its initial check sizes ranging from $150,000 to $300,000, with potential follow-on investments exceeding $1 million. This financial capacity allows Leblon Capital to support its portfolio companies through various growth stages.
Leblon Capital is dedicated to investing in early-stage ventures, primarily at the pre-seed and seed stages, with some capacity for Series A investments. The firm typically writes initial checks between $150,000 and $300,000, aligning its capital with founders who are building innovative and impactful businesses. The firm’s investment strategy is characterized by a strong preference for deeptech and technology-heavy sectors, including healthcare, industrial technology, fintech, and biotech.
The firm seeks to partner with mission-driven founders who are committed to creating transformational businesses. Leblon Capital emphasizes long-term commitments and aims to participate in the first round of funding whenever possible. This approach not only provides financial backing but also strategic guidance and support to help founders realize their visions.
Geographically, Leblon Capital focuses on investments within Europe, particularly in Germany, while also considering opportunities in the United States. The firm’s investment thesis revolves around supporting technically ambitious companies that demonstrate potential for significant impact and growth.
Leblon Capital has built a diverse portfolio of companies across various sectors. Notable portfolio companies include:
This portfolio reflects Leblon Capital's commitment to supporting mission-driven founders across a range of impactful industries.
Andrej Henkler - Founder & CEO. Andrej has a background in venture capital and technology, having previously worked at InLive Interactive and Bertelsmann. His expertise lies in identifying and supporting mission-driven founders.
Fadwa Ouardani - Principal / Investor. Fadwa is a key member of the investment team at Leblon Capital, focusing on sourcing and evaluating investment opportunities. Her background includes experience in venture capital and a strong understanding of the startup ecosystem.
In recent months, Leblon Capital has made several notable investments. In April 2025, the firm led a venture round for SaveIN, a healthcare and fintech company. This investment aligns with Leblon's focus on mission-driven founders in impactful sectors.
Additionally, in May 2025, Leblon Capital invested in Adyton PBC, a defense and operational software company, further diversifying its portfolio. In July 2025, the firm participated in a funding round for Exodigo, which specializes in underground mapping and infrastructure intelligence.
Most recently, in February 2026, Leblon Capital participated in a seed round for Linkup, an innovative startup focused on enhancing job search experiences. These activities demonstrate Leblon Capital's ongoing commitment to supporting early-stage ventures.
What are Leblon Capital's investment criteria?
Leblon Capital focuses on early-stage investments, primarily at the pre-seed and seed stages, with some capacity for Series A funding. The firm seeks to invest in mission-driven founders who are building innovative and impactful businesses, particularly in deeptech and technology-heavy sectors.
How can I pitch to Leblon Capital?
While specific details about the pitch process are not disclosed, founders are encouraged to present their business ideas clearly, emphasizing their mission and potential impact. It is advisable to reach out through professional networks for introductions, as warm introductions may be preferred.
What makes Leblon Capital different from other investors?
Leblon Capital distinguishes itself by prioritizing mission-driven founders and emphasizing long-term partnerships. The firm is committed to first-round participation and provides not only financial support but also strategic guidance to its portfolio companies.
What is the geographic scope of Leblon Capital's investments?
Leblon Capital primarily focuses on investments in Europe, particularly in Germany, but also considers opportunities in the United States. This geographic focus allows the firm to tap into diverse markets and innovative startups.
What is the typical check size for investments?
Leblon Capital typically invests between $150,000 and $300,000 in initial checks. The firm also has the capacity for follow-on investments that can exceed $1 million, supporting companies as they grow.
What is Leblon Capital's post-investment involvement like?
Leblon Capital emphasizes alignment with founders' visions and provides ongoing support to its portfolio companies. This includes strategic guidance, operational support, and the potential for follow-on investments to facilitate growth.
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