What PT1 does

PT1 is a thesis-driven European venture capital firm founded in 2018 that backs early-stage founders upgrading the "physical world" across energy, buildings, infrastructure, and AI-driven industrial systems. The firm, headquartered in Berlin with a London office, manages investments through two EuVECA-compliant fund vehicles — PropTech1 Fund I GmbH & Co. KG and PT1 Early-Stage Fund II GmbH & Co. KG — under its registered alternative investment fund manager PT1 Fund Management GmbH (HRB 191457 B, Berlin-Charlottenburg). PT1 typically (co-)leads rounds up to €4M at Pre-Seed, Seed, and Series A stages and complements fund investments with a curated co-investment platform, the PT1 Opportunity Club, for growth-stage deals outside the core fund mandate.

The firm's investment edge rests on deep sector specialisation in InfraTech, electrification, and AI/robotics applied to the built world — Europe's largest and least digitised sectors — supported by a 100+ industry expert platform and a venture partner network of former founders and operators. PT1 maintains an internal technology stack (SIA) for data-driven deal sourcing and portfolio management, has analysed 7,000+ startups, and operates across an LP base of European industrial leaders who can become key customers of portfolio companies. The firm has 30+ portfolio companies whose follow-on funding exceeds €1 billion, including PlanRadar, Climate X (with Google Ventures participation), Voltfang, Terra One (subsequently backed by Aviva Investors with up to €150M mezzanine financing), and recent early-stage bets in Arctis AI, ScyAI, and TUAL.

Revenue is generated through standard venture capital fund economics: recurring management fees on committed/Invested capital across the two fund vehicles, supplemented by lumpy carried interest on portfolio exits. Distribution is direct to qualified investors under EuVECA regulation, with marketing driven by thought leadership content (e.g., the European Built World Funding Report, PwC-co-authored whitepapers), podcast appearances, an annual Family Day event, ZIA PropTech platform engagement, and an active LinkedIn presence. The firm reports a 100% founder recommendation rate based on an internal 04/21 portfolio survey.

Name

PT1

Legal name

PT1 Fund Management GmbH

Website

https://pt1.vc

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

PT1 is a Berlin-based thesis-driven European venture capital firm backing early-stage founders upgrading the physical world across energy, buildings, infrastructure, and AI-driven industrial systems, operating EuVECA-registered fund vehicles from offices in Berlin and London.

Ownership category

akta.pro rank

Product category

Venture Capital / Private Equity Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investors, Nec (6799)

akta.pro primary industry

Real Estate / PropTech Growth Equity (FSANACAH)

akta.pro secondary industry

Core Infrastructure Funds (Transport, Social, Digital, Utilities) (FSANAEAA)

Keywords

• Venture capital investing
• Early-stage technology funds
• Infrastructure resilience investing
• Electrification and climatetech
• Proptech and built world

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Fund Management (Management Fees): PT1 Fund Management GmbH manages PropTech1 Fund I GmbH & Co. KG and PT1 Early-Stage Fund II GmbH & Co. KG. As a registered AIFM and EuVECA manager, the firm earns management fees on committed capital from its fund vehicles.
2. Carried Interest: Standard VC carried interest on returns from portfolio exits, typically 20% of profits above the hurdle rate.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

PT1 is a thesis-driven European venture capital firm that invests early-stage capital (Pre-Seed through Series A, up to €4M per round) into startups upgrading the physical world across energy, buildings, and infrastructure. The firm operates two EuVECA-compliant fund vehicles (PropTech1 Fund I and PT1 Early-Stage Fund II) plus a co-investment platform called the PT1 Opportunity Club, and supplements capital with strategic support via a 100+ industry expert network and an LP base of European industrial leaders who can become key customers of portfolio companies.

Product overview

PT1 is a thesis-driven venture capital firm that backs founders upgrading the physical world across energy, buildings, and infrastructure. The firm operates two main investment vehicles: PropTech1 Fund I GmbH & Co. KG and PT1 Early-Stage Fund II GmbH & Co. KG. PT1 also offers co-investment opportunities through its PT1 Opportunity Club, providing growth-stage deal access to private investors. The firm focuses on early-stage investments up to €4M, with a thesis centered on infrastructure resilience, electrification, and AI/robotics & automation. PT1 provides portfolio companies not only capital but also financial and strategic support, leveraging a European network of industry experts, LP investors who become key customers, and venture partners who have built and scaled companies.

Differentiator

Problem solved

Functional benefit

Brands

• PT1 Opportunity Club: Co-investment platform providing private investors access to curated growth-stage deals alongside PT1's network of industry experts.

Products and services

• PropTech1 Fund I GmbH & Co. KG
• PT1 Early-Stage Fund II GmbH & Co. KG
• PT1 Opportunity Club

Quantifiable outcome

• 100% of PT1 portfolio founders recommend PT1 (based on internal survey 04/21, n=8, representing 89% of portfolio companies at the time).
• +2 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• 100+ Industry Experts PlatformcoreStrategic or Co-development PartnerPT1 has a network of 100+ industry experts on its platform who contribute expertise, deal flow, and ecosystem connections to portfolio companies. These experts include former executives, operators, and domain specialists across energy, real estate, and infrastructure.
• European Industrial LP NetworkcoreStrategic or Co-development PartnerPT1's LP base consists of European industrial leaders who can become key customers of portfolio companies, bridging the gap between startup technology and industrial adoption. This ecosystem creates strategic and operational opportunities that generalist growth investors cannot provide.
• PwCcoreStrategic or Co-development PartnerPT1 co-authored the whitepaper 'The Future of Work and its Impact on Real Estate' with PwC, demonstrating a research and thought leadership partnership.
• Venture Partners NetworkcoreStrategic or Co-development PartnerPT1's venture partners include experienced operators and founders such as Christian Vollmann, Jan Henric Buettner, Andreas von Blottnitz, Klaus Freiberg, Ibrahim Imam, Sander van de Rijdt, Tobias Schütt, and others who contribute deal flow, expertise, and operational support to the portfolio.
• Laven Advisors LLPcoreOthersPT1 Ventures Services UK Ltd is an Appointed Representative of Laven Advisors LLP, which is authorised and regulated by the Financial Conduct Authority (FCA). This regulatory relationship enables PT1 to operate its fund activities in the UK.
• ZIA (German Property Federation)minorStrategic or Co-development PartnerPT1 Managing Partner Nikolas Samios serves as Co-Chairman of the PropTech platform of ZIA (Zentraler Immobilien Ausschuss), Germany's leading real estate association. PT1 was a Premium Sponsor of ZIA's 'Tag der Immobilienwirtschaft' event.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• HV Capital: One of Germany's leading early-stage VCs with broad sector coverage including digital, industrial, and deep tech. Comparable in German headquarters, early-stage focus, and increasingly overlapping deal flow in physical-world technologies.
• b2venture: Swiss-German early-stage VC with digital, deep tech, and industrial theses. Comparable size, stage focus, and overlapping portfolio interest in PropTech and infrastructure startups across Europe.
• Speedinvest: Vienna-based early-stage European VC with dedicated industrial, climate, and infrastructure investment themes. Directly comparable stage and European footprint with overlapping sector coverage in electrification and industrial automation.
• Target Global: Berlin-based early-stage and growth VC with broad sector coverage including climate, real estate tech, and mobility. Comparable geography and stage; competes for similar founder profiles.
• Round Hill Ventures: European PropTech-focused venture capital firm investing across real estate technology, construction, and adjacent sectors. Closely comparable to PT1 in thesis, stage, and target geographies.
• Earlybird Venture Capital: Berlin-based early-stage European VC with deep tech, climate, and industrial technology investment themes. Directly comparable geography, stage, and increasing overlap in physical-world and climate-tech deals.
• Pi Labs: London-based early-stage VC focused exclusively on PropTech and the built environment. Most direct peer to PT1 given identical sector focus, similar stage (Pre-Seed to Series A), and comparable European geographic scope.
• AENU: Berlin-based climate-tech focused early-stage VC. Directly comparable stage and increasingly overlapping deal flow (AENU co-led ScyAI pre-seed alongside PT1); thesis overlaps significantly on energy transition and physical-world infrastructure.

Broad incumbents

• Atomico: London-based large-scale European VC founded by Niklas Zennström. While generalist in scope, Atomico increasingly targets climate and energy transition themes and competes for the same senior founder pool as PT1, but at much larger check sizes.

Regional players

• Brick & Mortar Ventures: San Francisco-based VC focused exclusively on construction tech and the built environment. Closest US-based peer by sector focus, but does not directly compete geographically with PT1's European mandate. Useful comparable for thesis validation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Customer concentration

• Xtwitter.com/de/privacy
• LinkedInde.linkedin.com/company/pt1-vc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments48 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT1