Early conviction
We like sharp insights before they are obvious, and we are comfortable backing founders before the market has fully caught up.
Munich-born Venture Capital
Founders with a serious twist.
Pretzel Capital backs ambitious European founders from the earliest turns of the journey — with patient conviction, direct support, and a Bavarian sense of craft.
Approach
We invest where ambition meets enduring company craft.
Pretzel Capital is built for founders who want more than capital. We bring early conviction, useful networks, and a long-term partnership mindset from one of Europe’s strongest technology and industrial regions.
Founder-first support
From hiring to fundraising to customer access, our role is to make the next company-building turn easier to navigate.
European roots, global reach
We start in Munich and Bavaria, but our companies are built for international markets from day one.
Investment thesis
Backing category-defining companies from the first loops.
I
AI-native software
Products that rethink workflows, markets, and user expectations around intelligent systems.
II
Industrial transformation
Software, robotics, data infrastructure, and automation for the real economy.
III
Climate and resilience
Technology that helps companies, cities, and supply chains operate with greater efficiency and durability.
IV
Networks and marketplaces
Businesses where trust, liquidity, and distribution compound into long-term advantage.
For founders
Serious capital, without unnecessary ceremony.
We value clarity, speed, and direct conversation. Send us the memo, the prototype, the deck, or the half-formed insight you cannot stop thinking about.
Pre-seed to Series A
Initial checks and follow-on reserves
Munich, Europe, and global ambition
Useful intros over generic advice
Building something with a twist?
We would love to hear from founders, operators, angels, and ecosystem partners shaping the next generation of European technology companies.
Reach Out