Vanagon Ventures Raises €20M To Support Europe’s Deep-Tech Pre-Seed Startups
Jan 19, 2026 | By Kailee Rainse

Vanagon Ventures, a Munich-based venture capital firm, has announced the final close of its €20 million Fund I, created specifically to support deep tech and AI startups at the pre-seed and seed stages.
SUMMARY
- Vanagon Ventures, a Munich-based venture capital firm, has announced the final close of its €20 million Fund I, created specifically to support deep tech and AI startups at the pre-seed and seed stages.
Vanagon intends to invest up to €500,000 per company, supporting founders who are tackling large-scale industrial and technological challenges from sustainable manufacturing to next-generation materials and automated systems.
The fund has already supported several promising startups, including Holy Technologies, which leverages AI to revolutionize component manufacturing; ExoMatter, a material discovery platform spun out of the German Aerospace Centre and The Landbanking Group, which helps organizations measure and monetize natural capital.
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Sandro Stark, General Partner at Vanagon Ventures, shares with TFN, “For every investment, we look for top-tier professionals with a farsighted technological vision. Especially founders with deep domain expertise and a clear intuition for how technology will reshape their market, and the ability to continuously balance what is technically possible with what the market truly needs.”
He continues “And we often do this before the story is neat. Before the numbers look comforting. What we look for is something very hard to fake: obsession with a problem, resilience under pressure and the kind of potential that compounds over time.”
Vanagon Ventures was founded on a simple conviction: the next wave of transformative technology companies will come from founders who truly understand the systems they aim to rebuild.
The firm’s three general partners bring decades of combined experience in entrepreneurship, corporate innovation and venture building. Axel Roitzsch is a serial entrepreneur who has guided companies through full growth cycles.
Sandro Stark, formerly a strategist at Microsoft, also co-founded a parametric climate insurance startup. Susanne Fromm, an INSEAD MBA, spent over 15 years in corporate innovation and technology investing before co-founding Vanagon.
Founded in 2022, Vanagon Ventures invests in founders leveraging frontier technologies like AI, DLT and IoT to address global challenges. Based in Munich, they support DeepTech innovators creating planet-positive, regenerative, and circular economy solutions while driving significant growth and impact.








