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Venture Capital
hvcapital.com

Investments

403

Portfolio Exits

111

Funds

9

Partners & Customers

1

Service Providers

1

About HV Capital

Holtzbrinck Ventures is an independent European early stage fund. The firm mainly invests in Seed and Early Stage companies. Especially for Early Stage investments, Holtzbrinck Ventures places value on outstanding management that blazes new trails well off the beaten path.

Headquarters Location

Kaiserstraße 14b

Munich, 80801,

Germany

+49 89 20 60 7-751

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Latest HV Capital News

On demand grocery delivery firm JOKR nabs $1.3 billion valuation with fresh funding

Feb 3, 2023

G Squared lead the Series C round, with GGV Capital, Tiger Global Management and HV Capital participating. In total, JOKR, which was founded in 2021, has to date raised $480 million in equity and debt. Leaving the US Last year, the venture said it was shuttering its New York and Boston businesses and leaving the US market altogether, with the focus now being on Latin America. In a LinkedIn post, he said: “I recommended to JOKR to sell their operations in the US, and instead focus on Latin America and Mexico.” “They contacted me to say that they were "disappointed" by my suggestion and that I "didn't understand their strategy." Actually, I understood their business and the reality of the rapid grocery delivery industry better than their senior executives did.” “huge opportunity for legacy retailers and grocers” JOKR’s latest fundraising comes at a critical time for rapid delivery startups. Several have suffered from post-Covid hangovers, with funding stagnating and the cost-of-living crisis escalating. NTT DATA recently conducted analysis on this space, the long-term financial viability of which has always been in question, the company believes. It surveyed 2,000 grocery shoppers in the UK, focusing on inner city areas where quick commerce is available. It found that just under a third of inner city dwellers use rapid delivery apps/Q-commerce. However, more than half using the apps are decreasing their use (59%) as cost over convenience becomes more important. 92% of consumers state cost is one of the biggest decisions for where and when to purchase their groceries. This is followed by quality with 77% confirming this as a key decision point. Speed is left far behind with only 17% stating this is a deciding factor on where they buy groceries from. This plays out when analysing web traffic data to the major Q-commerce brands. NTT DATA analysed SimilarWeb data and found there was an average 19% decrease in traffic over the last three months, with Getir taking the biggest hit. Geoff Lloyd, Director of Retail at NTT DATA UK&I, commented: “As a result of food inflation and the current cost-of-living crisis, consumers are becoming more cost conscious with their purchases and are prioritising this over convenience.” “As a result, fewer consumers are now willing to accept the higher cost that comes with the Q-commerce model, whether it is through higher pricing of products, or additional costs they need to pay for delivery to their doorstep.” “As funding stagnates and introductory offers start to disappear, consumers are likely to decide that the convenience is not worth the cost and will move away from these applications.” He concluded: “There is a huge opportunity here for legacy retailers and grocers to gain back market share from the Q-commerce challengers and increase sales during this time, as the current economic climate is altering consumer buying behaviour.” “By using data to help improve deals and targeted offers as part of loyalty programmes, supermarkets can gain the upper hand and increase margins during this difficult retail period.” Featured

HV Capital Investments

403 Investments

HV Capital has made 403 investments. Their latest investment was in Jokr as part of their Series C on February 2, 2023.

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HV Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/3/2023

Series C

Jokr

$50M

No

5

2/1/2023

Series A - III

Sdui

$19.65M

No

6

12/13/2022

Series A

Public Pressure

$6M

Yes

1

11/8/2022

Series C

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$99M

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10

10/19/2022

Series E

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$99M

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10

Date

2/3/2023

2/1/2023

12/13/2022

11/8/2022

10/19/2022

Round

Series C

Series A - III

Series A

Series C

Series E

Company

Jokr

Sdui

Public Pressure

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Amount

$50M

$19.65M

$6M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

5

6

1

10

10

HV Capital Portfolio Exits

111 Portfolio Exits

HV Capital has 111 portfolio exits. Their latest portfolio exit was Compeon on January 13, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/13/2023

Acquired

$99M

1

12/6/2022

Acquired

$99M

2

7/22/2022

Acquired - II

$99M

1

7/4/2022

Acq - Pending

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$99M

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10

5/20/2022

Acquired

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$99M

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10

Date

1/13/2023

12/6/2022

7/22/2022

7/4/2022

5/20/2022

Exit

Acquired

Acquired

Acquired - II

Acq - Pending

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

2

1

10

10

HV Capital Acquisitions

1 Acquisition

HV Capital acquired 1 company. Their latest acquisition was Platinnetz on January 26, 2009.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/26/2009

Seed / Angel

$99M

Acq - Fin

1

Date

1/26/2009

Investment Stage

Seed / Angel

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

1

HV Capital Fund History

9 Fund Histories

HV Capital has 9 funds, including HV COCO Growth.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/16/2022

HV COCO Growth

$489M

3

10/29/2020

HV Holtzbrinck Ventures Fund VIII

$99M

10

10/9/2020

HV Holtzbrinck Ventures Fund VIII Feeder

$99M

10

1/22/2018

HV Holtzbrinck Ventures Fund VII

$99M

10

1/16/2015

HV Holtzbrinck Ventures Fund VI

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$99M

10

Closing Date

2/16/2022

10/29/2020

10/9/2020

1/22/2018

1/16/2015

Fund

HV COCO Growth

HV Holtzbrinck Ventures Fund VIII

HV Holtzbrinck Ventures Fund VIII Feeder

HV Holtzbrinck Ventures Fund VII

HV Holtzbrinck Ventures Fund VI

Fund Type

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Status

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Amount

$489M

$99M

$99M

$99M

$99M

Sources

3

10

10

10

10

HV Capital Partners & Customers

1 Partners and customers

HV Capital has 1 strategic partners and customers. HV Capital recently partnered with Rabo Frontier Ventures on July 7, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

7/14/2020

Partner

Netherlands

Rabo Frontier Ventures partners with HV Holtzbrinck Ventures

UTRECHT , July 2020 -- Rabo Frontier Ventures '' , a € 150 million investment fund of Rabobank , focusing globally on innovative Fintech and Agtech companies , has entered into a partnership with HV through a commitment to their new fund .

1

Date

7/14/2020

Type

Partner

Business Partner

Country

Netherlands

News Snippet

Rabo Frontier Ventures partners with HV Holtzbrinck Ventures

UTRECHT , July 2020 -- Rabo Frontier Ventures '' , a € 150 million investment fund of Rabobank , focusing globally on innovative Fintech and Agtech companies , has entered into a partnership with HV through a commitment to their new fund .

Sources

1

HV Capital Service Providers

1 Service Provider

HV Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

HV Capital Team

9 Team Members

HV Capital has 9 team members, including current General Partner, Sven Achter.

Name

Work History

Title

Status

Sven Achter

General Partner

Current

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Name

Sven Achter

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Work History

Title

General Partner

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Status

Current

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