Tev Ventures

About The Fund

TEV Ventures, also known as Cusp Capital, is an investment fund that traces its roots to Tengelmann Ventures, the venture capital subsidiary of the Tengelmann Group. TEV Ventures has gained recognition for successfully managing Tengelmann Ventures' Vintages I and II—two evergreen funds—attracted through the Tengelmann Group's balance sheet. With a decade-long history of fueling companies that have risen to market leadership, TEV Ventures introduced Vintage III. This latest fund differs as it is the first to welcome external limited partners (LPs), marking a significant milestone in their expansion. Their investment thesis revolves around nurturing early-stage companies with a dedication to consumer internet, digital services, and emerging technologies. Geographically, their investment emphasis is on Germany (accounting for 70% of their focus) and the broader European market (with the remaining 30%). TEV Ventures commenced fundraising for Vintage III in July 2019. Their foresight lies in the belief that industry-specific software holds transformative potential for small and medium-sized enterprises (SMEs), anticipating that digitization coupled with sustainability (ESG) considerations will prompt shifts in mindsets, behaviors, and markets. They also see the ascent of digital products tailored to lower-income demographics, predicting that European innovation and principles will be pivotal in the digital infrastructure of the future. At Cusp Capital, investment marks the beginning of a relationship where portfolio companies can tap into a well of expertise including Finance, HR, Marketing, and ESG. Their investment targets encompass technology companies on the brink of industry redefinition, with a special focus on digital and software ventures. These companies should have already accumulated some momentum, poised for a significant growth spurt, with TEV Ventures offering initial investments up to 10 million euros, primarily oriented towards Continental Europe. The team takes pride in their partnerships with a new generation of tech firms changing lives and businesses worldwide.