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MH2 Capital is an angel investment firm based in Berlin, Germany, founded by Matthias Hilpert. Hilpert has over 25 years of experience in operations and investment, previously founding Avalas, Germany's first mobile internet portal. His background includes significant roles in telecoms and private equity at companies such as Vodafone, Orange, and Salt. Under his leadership, MH2 Capital focuses on early-stage technology investments, particularly in the software and digital sectors.
The firm currently manages a portfolio of 13 companies and aims to make four investments annually, with an average check size ranging from $25,000 to $200,000. MH2 Capital emphasizes operational support tailored to the needs of founders, leveraging Hilpert's extensive experience to guide portfolio companies toward growth and success. The firm avoids investments in life sciences and hardware, concentrating instead on B2B opportunities.
MH2 Capital has established itself as a notable player in the European investment landscape, particularly recognized for its backing by the European Investment Fund (EIF). This institutional validation enhances its capacity for co-investment and signals a strong reputation within the startup community.
MH2 Capital primarily invests in early-stage technology companies, with a strong emphasis on the software and digital sectors. The firm engages in seed and Series A funding rounds, focusing predominantly on B2B opportunities, although it has also made investments in B2C companies. MH2 Capital prefers to invest in companies that demonstrate a monthly revenue of $5,000 to $10,000, ideally with a growth rate of 20% month-over-month.
The firm typically allocates check sizes between $25,000 and $200,000, depending on the stage of the business. MH2 Capital aims to make four investments per year, providing operational support based on the specific needs of the founders. This hands-on approach is designed to help startups achieve their growth objectives while navigating the challenges of early-stage development.
MH2 Capital has invested in a diverse range of technology companies, with notable portfolio companies including:
This portfolio reflects MH2 Capital's commitment to investing in companies that are at the forefront of technological advancement, particularly in the B2B software space.
Matthias Hilpert - CEO. Matthias has over 25 years of experience in operations and investment. He previously founded Avalas, Germany's first mobile internet portal, and has held various roles in telecoms and private equity at Vodafone, Orange, and Salt. His expertise lies in early-stage technology investments, particularly in the software and digital sectors.
To pitch to MH2 Capital, founders should visit their website at matthiashilpert.com. The firm prefers detailed pitch decks that outline the business model, market opportunity, and growth strategy. Founders should include information about their team, traction, and financial projections. Response times may vary, but founders can expect a thorough review of their submissions.
As of March 2026, MH2 Capital continues to be recognized as one of the top 30 angels backed by the European Investment Fund (EIF) in Germany. The firm has been actively investing in technology companies, with a portfolio that includes notable firms acquired by major players like Red Hat and AT&T. Recent collaborations with firms such as Victoria Partners and HV Capital highlight MH2 Capital's ongoing commitment to supporting B2B software startups.
What are MH2 Capital's investment criteria?
MH2 Capital primarily invests in early-stage technology companies, focusing on B2B software. The firm prefers companies with monthly revenues of $5,000 to $10,000 and a growth rate of 20% month-over-month.
How can founders pitch to MH2 Capital?
Founders can pitch to MH2 Capital by visiting their website at matthiashilpert.com. The firm encourages detailed presentations that highlight the business model, market opportunity, and growth potential.
What makes MH2 Capital different from other investors?
MH2 Capital distinguishes itself through its operational support model, leveraging Matthias Hilpert's extensive experience in technology and investment to guide portfolio companies toward success.
What is the geographic focus of MH2 Capital?
The firm primarily invests in technology companies located in Europe, particularly those that align with its focus on B2B software.
What is the typical check size for investments?
MH2 Capital typically invests between $25,000 and $200,000 in each company, depending on the stage of the business and specific needs.
How involved is MH2 Capital post-investment?
MH2 Capital provides tailored operational support to its portfolio companies, ensuring that founders receive the guidance they need to navigate early-stage challenges and achieve growth.
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