UVC Partners expands new fund to €400 million with additional growth capital

Munich/Berlin-based venture capital firm UVC Partners has expanded its latest fund to a total of €400 million after allocating an additional €150 million for growth-stage investments. The new capital complements the firm’s early-stage vehicle, UVC Fund IV, which held its final close in late 2024 after being raised in a record six months and was announced on March 12, 2026.

With the addition of the growth capital, UVC Partners will be able to invest across multiple stages, ranging from early-stage investments to Series B and later rounds. According to Managing Partner Dr. Ingo Potthof, the strong investor interest reflects continued confidence in European technology startups and signals to founders that fresh capital remains available.

The new growth strategy will allow the firm to increase its support for high-performing portfolio companies while also investing in new late-stage technology businesses across Europe. Johannes von Borries, Managing Partner at UVC Partners, explained that the Growth Fund enables the firm to double down on its most promising companies while also expanding its ownership in cases where funding requirements exceed the capacity of the early-stage fund.

UVC Partners’ portfolio companies have recently demonstrated strong operational progress across sectors such as DeepTech, ClimateTech, mobility, and software. Examples include rocket developer Isar Aerospace, which secured €150 million in financing following the first launch of its rocket, and fusion energy company Proxima Fusion, which raised more than €200 million to develop a commercial fusion power plant and demonstration reactor in Germany. Meanwhile, energy technology company Reverion has achieved record efficiency levels for its reversible fuel cell systems.

In the mobility sector, portfolio company FINN reported strong growth, increasing its subscription annual recurring revenue by 60 percent to €255 million and expanding its subscriber base to more than 40,000 customers. At the same time, mobility platform Flix announced a €2.4 billion investment program aimed at expanding its rail services through the purchase of 65 new trains.

UVC Partners expects to complete the final close of the new Growth Fund by late summer 2026 and remains open to additional investors. The firm intends to continue backing high-potential B2B technology companies across Europe that are shaping the future of sectors such as artificial intelligence, climate technology, and advanced mobility.

About UVC Partners
UVC Partners is a European venture capital firm focused on investing in B2B technology startups at both early and growth stages. Founded in 2011 and based in Munich and Berlin, the firm manages more than €700 million in assets. UVC Partners invests across sectors including DeepTech, ClimateTech, mobility, and software/AI, with initial ticket sizes of up to €10 million and total investments of up to €30 million per portfolio company. As an independent partner of UnternehmerTUM, Europe’s leading startup hub, the firm benefits from strong connections to corporates, research institutions, and talent from the Technical University of Munich.