What Munich Venture Partners does

Munich Venture Partners (MVP) is a Munich-based European venture capital firm founded in 2004 that invests in early to growth-stage technology companies driving the "eco-industrial revolution" across four verticals: Industrial Tech, Energy Transition, Mobility & Logistics, and Agriculture & Foodtech. The firm manages two closed-end venture capital funds — MVP Fund II and the MVP Strategic Partnership Fund — collectively holding €196 million in assets under management, distributed across 24 portfolio companies since inception. Notable portfolio outcomes include the acquisition of sonnen by Shell (2019), the acquisition of relayr by Munich Re for approximately $300 million, and the acquisition of GreenCom Networks by Enphase Energy (2022).

MVP's investment methodology is anchored in its proprietary Triple Top Line framework, which integrates economic wealth, environmental prosperity, and social equity into due diligence and ongoing portfolio management, with explicit alignment to UN Sustainable Development Goals. The firm is a signatory of the UN Principles for Responsible Investment and qualifies MVP Fund II as an Article 8 product under the EU Sustainable Finance Disclosure Regulation. Portfolio companies have collectively created over 2,100 jobs, and the firm maintains a network of more than 90 co-investment partners, including strategic corporates such as Shell Ventures, Baker Hughes, and Munich Re, alongside EU institutions like the European Investment Bank-backed European Circular Bioeconomy Fund and the European Innovation Council.

The firm is led by founders Walter Grassl (PhD in Informatics, operator of multiple prior exits) and Rolf Nagel (PhD in Business Economics, EIT Governing Board member), with partners Martin Kröner (PhD in Thermodynamics, co-founder of agnion Energy) and Michael Sailer (CFO), supported by an office manager and associate. The team actively participates in portfolio boards and provides hands-on strategic support beyond capital deployment. Revenue is generated through standard closed-end fund economics: management fees on committed or invested capital plus carried interest on successful exits, distributed to a defined group of institutional and qualified investors through MVP Management GmbH, the BaFin-supervised German Capital Management Company.

Name

Munich Venture Partners

Legal name

MVP Management GmbH

Website

https://munichvp.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Munich Venture Partners is a Munich-based European venture capital firm founded in 2004 that manages €196M across two closed-end funds, investing in early to growth-stage climate tech companies across Industrial Tech, Energy Transition, Mobility & Logistics, and Agriculture & Foodtech sectors.

Ownership category

akta.pro rank

Product category

Venture Capital / Private Equity

NAICS

All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Energy & Sustainability / Climate Growth Equity (FSANACAG)

Keywords

• Venture capital
• Climate tech investing
• Cleantech funding
• Early-stage investment
• Sustainable technology

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D

Revenue model

1. Venture Capital Fund Management: MVP manages closed-end venture capital funds (MVP Fund II, MVP Strategic Partnership Fund) for institutional and qualified investors. Revenue is generated through management fees and carried interest on successful exits.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Munich Venture Partners is a European venture capital firm that manages closed-end funds (MVP Fund II and MVP Strategic Partnership Fund) investing in early-to-growth-stage technology companies focused on transformative climate technologies. The firm deploys capital into startups across industrial tech, energy transition, mobility & logistics, and agriculture & foodtech sectors, using its proprietary Triple Top Line framework that integrates economic, environmental, and social value creation aligned with UN Sustainable Development Goals.

Product overview

Munich Venture Partners is a European venture capital firm offering fund management services rather than traditional software products. The firm's core offering is the management of closed-end venture capital funds (MVP Fund II, MVP Strategic Partnership Fund) focused on transformative climate tech investments. The firm employs the Triple Top Line Framework as its proprietary sustainability assessment methodology, evaluating investments across economic, environmental, and social dimensions. Supporting services include ESG due diligence and annual portfolio monitoring. The firm manages €196M in assets and has funded 24 companies since 2004.

Differentiator

Problem solved

Functional benefit

Products and services

• MVP Fund II A closed-end venture capital fund qualifying as an Article 8 product under EU SFDR, focusing on investments in transformative technologies that fundamentally change value chains in major industry verticals, with 10 out of 13 investments having significant positive environmental or social impact potential. Available to institutional and qualified limited partner investors.
• MVP Strategic Partnership Fund A closed-end venture capital fund managed by MVP Management GmbH, accessible through the password-protected investor portal for limited partners. Targets transformative technology investments in climate tech sectors.
• ESG Assessment Services ESG due diligence evaluation and annual monitoring services for portfolio companies, including company-specific KPIs developed in accordance with GRI G4 Sustainability Reporting Guidelines, ICGN Global Corporate Governance Principles, EFFAS ESG Guidelines, and IRIS metrics.

Quantifiable outcome

• €196M assets under management across 24 funded companies since 2004
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Cleantech for Europe Initiative PartnerscoreStrategic or Co-development Partner · 1 July 2021MVP joined the Cleantech for Europe initiative in 2021 alongside Beamline Accelerator, btov Industrial Tech Fund, Inven Capital, Rockstart, and SET Ventures. The initiative aims to build a collective voice for EU cleantech VCs to convey to policymakers the importance of investing in the next generation of clean technologies. Combined, the six firms have invested in 150+ innovative low-carbon startups.
• GETECcoreStrategic or Co-development PartnerGreenCom Networks and GETEC formed a joint venture (GETEC Green Heating GmbH) to enable cost-neutral switching to climate-neutral heating for real-estate owners. GreenCom's energy IoT platform connects and optimizes storage heating systems in the joint venture.
• WaveOpticscoreTechnology or IntegrationLuxexcel collaborated with WaveOptics to create an innovative module integrating 3D printed prescription lens, waveguide, and projector for augmented reality prescription smart glasses. WaveOptics provides its Katana waveguide — the thinnest and lightest on the market — combined with Luxexcel's 3D printed prescription lens encapsulation.
• UN Principles for Responsible Investment (UNPRI)coreStrategic or Co-development PartnerMVP is a signatory of the UNPRI. As a signatory, MVP integrates ESG assessment into venture capital investments and supports greater transparency in sustainability-related disclosures. The UNPRI signatory directory confirms MVP's commitment to responsible investment principles.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• SET Ventures: Amsterdam-based European venture capital firm investing in early-to-growth stage climate tech / energy transition startups. Direct peer — co-member of the Cleantech for Europe initiative alongside MVP, with overlapping investment theses across grid intelligence, distributed energy, and energy storage.
• btov Industrial Tech Fund: European VC focused on industrial and deep tech, including climate-relevant industrial technologies. Direct peer — also a Cleantech for Europe coalition member and co-investor with MVP in portfolio companies such as Electrochaea, giving the two firms overlapping sourcing and co-investment dynamics.
• Inven Capital: Czech-based VC backed by ČEZ Group investing in European cleantech startups. Direct peer — Cleantech for Europe initiative co-member with similar early-to-growth stage climate focus and comparable European regional positioning.
• Rockstart: Amsterdam-based accelerator and VC fund with focus areas including energy and agrifood. Direct peer — Cleantech for Europe coalition member, overlapping in energy transition and agriculture & foodtech themes that mirror MVP's vertical structure.
• Beamline Accelerator: European early-stage VC investing in climate and mobility startups. Direct peer — Cleantech for Europe initiative co-member, comparable European climate tech mandate, and similar early-stage entry-point strategy.

Broad incumbents

• Demeter Partners: Paris-based private equity and venture firm focused on the energy and ecological transition, including agriculture. Broader incumbent — listed as an MVP data-sharing/investment partner, with overlapping climate and agriculture investment themes but operating at a larger AUM scale.
• Breakthrough Energy Ventures: U.S.-based climate-focused VC backed by Bill Gates and a coalition of strategic and financial investors. Broad incumbent — operates globally with much larger fund sizes but a directly comparable mandate of investing in transformative climate technologies across energy, mobility, industry, and agriculture.
• Energy Impact Partners: Global VC platform investing in decarbonization across energy, mobility, buildings, and industry. Broad incumbent — comparable climate-tech mandate with a much larger LP base (utilities and corporates), competing for similar European and global deal flow.

Emerging players

• Clean Energy Ventures: U.S.-based seed-stage VC investing in early-stage climate tech startups. Emerging player — comparable early-stage climate focus and transformative-technology thesis, though smaller and U.S.-focused; not a direct competitor for European deals but competes for limited partner attention.
• Verdane: Northern European specialist growth investor in sustainable tech and consumer businesses. Emerging player — co-invested with MVP in asgoodasnew, with an overlapping sustainable-tech mandate but a growth-equity rather than early-stage VC posture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/3213430

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments45 records

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

Frequently asked questions about Munich Venture Partners