Overview
Headquarters
European Union (EU)
Category
Financial Services
Founded in 2014, CommerzVentures is the venture capital fund of Commerzbank Group. CommerzVentures backs early- and growth-stage companies in the banking and insurance sectors. Portfolio companies have scalable and attractive business models, show success in their markets and need investments to support further growth. Being a Europe-first investor CommerzVentures also invest in Israel and the USA. The first fund (€100m) was launched in 2014. The second fund with a volume of €150m started investing in October 2019. Both funds are managed by a team of experienced venture capitalists. In 2019 CoV Management GmbH became the independent manager of the CommerzVentures funds. Commerzbank remains the anchor investor in the second fund. CommerzVentures, based in Frankfurt, specializes in early- and growth-stage companies in the financial services and insurance sectors.