Senovo Capital Management GmbH

About The Fund

Senovo Capital Management GmbH is a Munich-based venture capital firm with a sharp focus on early-stage investments in the European B2B software sector, specifically in SaaS (Software as a Service) companies. Established in 2013, they invest in innovative solutions that facilitate the digitalization of medium to large enterprises. Their investment thesis gravitates towards startups that have reached product-market fit and display a minimum of EUR 30k in monthly recurring revenue with initial customers. In this pivotal growth stage, Senovo steps in to empower startups in scaling their sales models, implementing a performance-driven HR approach, and expanding internationally, with the aim of preparing these companies for subsequent larger growth rounds. With a commitment to making select high-conviction investments per year, Senovo has participated in over 40 initial investments and achieved 10 exits. They provide seed and Series A funding, with investment tickets ranging between EUR 1-5 million. Senovo is a first-mover in the European B2B SaaS space, priding itself on contributing more than just capital by also offering deep operational expertise and support in areas like go-to-market strategies, organizational scaling, and financial benchmarking. Their portfolio reflects their specialization, featuring companies that are trailblazers in fields such as process optimization, industry 4.0, and data-enabled solutions. They cherish the entrepreneurial journey, valuing trust, innovation, and the determination to push boundaries. Their involvement with portfolio companies goes beyond funding; they are a collaborative partner willing to support through operational challenges and growth opportunities.Further demonstrating their impact, Senovo highlights that for every EUR 1 they invest, their startups have received 7x that amount in external investment, also contributing to the creation of more than 2,000 jobs. Their website offers insights from their team on operational playbooks, perspectives on the B2B SaaS market, and encourages startups with impactful pitch decks to reach out. Senovo has an additional presence in Berlin and closely follows ESG criteria in their investment approach.