Early backer of unicorns Personio and Enpal, German VC Picus Capital closes €150 million preferred equity deal
Munich-based venture capital firm Picus Capital has secured a €150 million preferred equity financing deal from Carlyle AlpInvest, injecting significant capital into the firm. This strategic move allows Picus Capital to bolster its existing portfolio of nearly 200 companies and pursue new investment opportunities in the European tech sector. The investment underscores the continued growth and potential of European tech companies, particularly in the face of global competition. The transaction will support Picus Capital's mission to invest in new innovation leaders and deliver strong returns. Picus Capital, founded in 2015, focuses on early-stage technology investments and has consistently delivered an annual internal rate of return exceeding 40%. The firm's focus areas include energy and climate, fintech, enterprise infrastructure, generative AI, cybersecurity, healthcare, and enterprise application. This funding will directly benefit companies within Picus Capital's portfolio, including unicorns such as Personio and Enpal. With over €250 million already secured in May from Picus Venture Fund II, this new investment reinforces Picus Capital's ability to support and scale European tech ventures. This further supports the growth of European digital sovereignty by enabling investments in European alternatives to US tech services. Picus Capital has been involved in significant funding rounds in 2025, including backing Barcelona-based Kabilio and Paris-based Maki. This latest investment from Carlyle AlpInvest will likely fuel further investments and expansion within the dynamic European tech landscape. The firm is positioned to play a key role in the future of the European digital economy.
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