From the heart of Europe's deep-tech innovation in Munich, we are UnternehmerTUM's pre-seed/seed fund. As a highly selective, first-institutional investor, we partner with elite teams building category-defining companies to solve some of the world's most complex challenges. We specialize in hard tech and the code that drives it, financing scalable B2B technologies with billion-euro potential to help founders move groundbreaking scientific innovations from the lab to the market.
The companies we are proud to partner with are solving some of the world's most complex challenges.
Founder-First by Design.
Founder-Friendly Capital: We invest via a convertible loan with no valuation cap, no discount, and no interest. You get the capital you need without premature valuation discussions.
True Partnership with MFN: A Most Favoured Nation (MFN) clause is standard. If you grant more advantageous terms to a future investor, we automatically adopt them. This ensures we are always on the same side of the table.
- Seamless Conversion: The loan automatically converts into equity at your first qualified financing round, or at a four-year maturity date, whichever comes first.
We partner with founders who:
An Inception Point: You're from the TUM or UnternehmerTUM ecosystem, a place where deep-tech breakthroughs are born. But it's your ambitious, world-changing vision that truly sets you apart.
The Will to Build and to Sell: You are a complete team. You have the technical genius to create something entirely new and the commercial acumen to build a global company around it.
- Evidence of Inevitability: You've moved beyond the theoretical. You have tangible proof—in the form of early customer traction—that you're not just building something interesting, but something essential.

Impact
We believe that start-ups play a crucial role in shaping the world we want to live in. As an investor, we're aware of the impact we have with the decisions we make. That's why we consider ESG criteria in our investment decisions.
Together with the sustainability consulting company akzente and its start-up accelerator TechFounders, UnternehmerTUM published the Sustainability Playbooks for start-ups and VCs. The playbooks provide guidelines and pragmatic tips to tackle sustainability in a targeted manner — an approach we apply to our work.
Fast Track to XPRENEURS
Startups funded through us are automatically selected to pitch in front of XPRENEURS, connecting them with top mentors and growth opportunities.


