CommerzVentures Fund III

CommerzVentures

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Status

ACTIVE

Global HQ

Frankfurt, Germany

Countries of investment

Germany
United Kingdom
Israel
United States

Investment stages

Series A
Series B

Industries

Fintech
Insurtech
Payments
Digital assets & crypto
Climate fintech
Financial infrastructure

About
CommerzVentures is a Frankfurt-based venture capital firm focused on fintech and insurtech. Their focus spans Germany, the United Kingdom, Israel, and the United States. The firm supports founders from Series A through Series B stages.

Min check size: $2M
Max check size: $15M
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Investment Thesis

CommerzVentures is a Series A-to-B venture firm backed by Commerzbank, investing in fintech and insurtech companies building financial infrastructure across Europe, Israel, and the US. The firm differentiates itself through banking-sector relationships that complement its insurtech thesis.

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Manager's Experience

Established in 2014 as Commerzbank's venture fund and now operating independently; Fund III closed at €300M with Commerzbank returning as sole LP, bringing combined fund size to €550M after a €100M Fund I (2014) and €150M Fund II (2019). Managing Partners are Paul Morgenthaler, Heiko Schwender and Stefan Tirtey. Writes €2–10M Series A/B cheques across Europe, Israel, the US and Africa, with the partners personally co-investing in every deal. Portfolio has produced 2 unicorns, 2 IPOs and 7 acquisitions including eToro, Marqeta and Mambu.