Senovo is a Munich and Berlin-based venture capital firm founded in 2013, specializing exclusively in European B2B software. Across 12 years and four funds, the firm has made 40+ initial investments, produced 13 exits, and built a portfolio that includes three unicorns. It is one of Europe's longest-running specialist B2B software franchises, and one of the few that has stayed deliberately narrow rather than expanding into a multi-stage, multi-sector platform.
Senovo backs European B2B software companies at Seed and Series A, typically after product-market fit and first revenues, with an ambition to become global category leaders.
Current focus areas include AI-first enterprise software, cybersecurity, industrial tech, open source, infrastructure, IoT, and deep-tech-adjacent SaaS for mid-market and enterprise digitalization.
Senovo Fund IV closed at more than $110M in June 2026, the firm's largest fund to date. LP composition is not publicly disclosed.
Initial check sizes range from $1M–$5M.
Across 12 years the firm has deployed four funds and backed 40+ companies, with 13 exits and three unicorns including Parloa, Germany's first AI unicorn of 2025.
Leadership
Frederick von Mallinckrodt is Co-Founder and Partner. He co-founded Senovo in 2013 with a background at Siemens and as a PE/M&A lawyer in Washington D.C.
Dr. Alexander Buchberger is Co-Founder and Partner, with a doctorate in technology management and a background in startup risk research.
Markus Grundmann is Partner, joining in 2016 with a Cambridge MBA and 20 years of software industry experience; he led the Manta and Quantilope investments among others.
Mona Gindler is Partner, focused on the founder-led-to-scalable-sales transition and the Iberian ecosystem, and serves as Germany's Female Founders Ambassador.
Investment Strategy
Senovo writes $1.1M–$5.5M initial checks into European B2B software companies post product-market fit, targeting one to two investments per partner per year, a high-conviction, low-volume model that prioritizes meaningful ownership over portfolio diversification.
Post-investment support focuses on three areas where European B2B companies most commonly stall: building a scalable sales motion, standing up performance-driven HR, and executing US market entry.
The firm operates from Munich and Berlin with active portfolio engagement across the DACH region, Iberia, and broader Europe.
Notable Investments
Notable Exits
Frederick von Mallinckrodt — Co-Founder & Partner
frederick@senovo.vc
Dr. Alexander Buchberger — Co-Founder & Partner
Markus Grundmann — Partner
markus@senovo.vc
Mona Gindler — Partner
mona@senovo.vc
Germany
