Vanagon Ventures is a Munich based venture capital firm that launched in 2023 with a mission to support the next generation of industrial and digital transformation. The firm positions itself as a specialized partner for founders building sovereign edge technology, focusing on the intersection of physical industries and advanced digital systems. Vanagon is built to bridge the gap between initial technical breakthroughs and the scaling requirements of a Series A round, offering deep operational support to early stage teams.
In January 2026, Vanagon Ventures announced the final closing of its inaugural fund, Fund I, at 20 million euros. The fund attracted a diverse group of limited partners, including the accelerator and fund of funds Allocator One, various family offices, high net worth individuals, and senior executives from the technology sector. Fund I is designed to build a concentrated portfolio of approximately 30 startups, providing the necessary runway and mentorship to help these companies graduate to larger institutional rounds.
Leadership
The firm is led by General Partners Sandro Stark, Susanne Fromm, and Axel Roitzsch. The leadership team brings together a mix of venture experience and entrepreneurial expertise, specifically focused on the German and broader European tech ecosystems. Their collective background is geared toward helping technical founders navigate the complexities of go to market strategies in traditional industrial sectors.
Investment Strategy
Vanagon Ventures operates primarily at the pre seed stage, serving as one of the first institutional checks for many of its portfolio companies. Their strategy revolves around being purpose built for the sovereign edge, meaning they prioritize startups that offer strategic autonomy and high scalability in essential sectors.
By maintaining a relatively small and focused fund, they are able to provide hands on guidance to their approximately 30 target companies, ensuring they meet the milestones required for future venture growth.
Notable Investments
The firm has already begun deploying capital into several high potential startups including Holy Technologies, ExoMatter, and The Landbanking Group.
Notable Exits
As Vanagon Ventures recently closed its first fund in 2026, there are no notable exits to report at this time.
Other
Vanagon is particularly well suited for hardware or deeptech startups that require a partner who understands the nuances of the German industrial landscape. Their investor base of senior tech executives provides a ready made network for pilot programs and industry introductions.
Because they are hyper focused on the transition to Series A, they often act as a critical sounding board for fundraising strategy and organizational scaling.
Germany
