Top Angel Investors in Germany in 2026
Germany’s most active angel investors include Maschmeyer Group, Christian Reber, Ralf Dümmel, Christian Vollmann, Verena Pausder, Matthias Hilpert, and Gloria Bäuerlein. These individual angels back early-stage startups across tech, healthcare, consumer products, climate, and education, with check sizes that run from a few thousand euros up to several hundred thousand. AngelMatch currently lists 3,000+ investors based in Germany, and below we cover seven of the most active angels, what they invest in, and how to get in front of them.
The German startup ecosystem keeps drawing attention as it grows, and angel investors are a big reason why. If your startup is looking for funds, you have come to the right place. Let’s jump onto the list of the top angel investors in Germany along with their investment interests.
Top 7 Angel Investors in Germany
Following is the list of some of the top angel investors in Germany. Before reaching out, it helps to research each investor and understand what they look for. You can also browse the full directory of angel investors on AngelMatch.
Carsten Maschmeyer
- LinkedIn: Casten Maschmeyer
- Investor Type: Individual Investor
- Investment Interests: Broad focus on scalable tech and digitally enabled startups.
- Investment Stage: From the idea stage through growth and exit
Carsten Maschmeyer is a successful entrepreneur, keynote speaker at startup events, and investor, and he sits on the panel of the German TV show “Die Höhle der Löwen”. He is the founder and Managing Partner of ALSTIN Capital.
Maschmeyer’s investments typically range between €50,000 and €3,000,000. His preference is usually toward scalable business models, especially in the IT and health sectors. The investments of his private assets range from early-stage financing to holdings in listed companies.
Among Carsten Maschmeyer’s portfolio companies, two notable names are:
HMNC Brain Health: HMNC Brain Health is a precision-medicine pioneer in psychiatry based in Munich. It develops personalized therapies for depression and other neuropsychiatric disorders.
Enginsight: Enginsight is a German cybersecurity company whose platform provides automated IT-security monitoring and testing for businesses.
Christian Reber
- LinkedIn: Christian Reber
- Investor Type: Individual Investor
- Investment Interests: Tech
- Investment Stage: Early and Seed
Christian Reber is a German entrepreneur and angel investor. He founded the collaborative presentation tool Pitch and the productivity app Superlist, and he previously built the award-winning to-do app Wunderlist, which Microsoft acquired in 2015.
Reber focuses on high-growth startups that can scale internationally, usually backing them at the early and seed stages. He has been an active angel investor for years and has backed dozens of tech companies.
The investment range of Christian Reber can reach up to €500,000. Some of his portfolio companies are:
Synthesia: Synthesia is an AI video-generation platform that lets companies create videos with digital avatars from text. It has grown into one of Europe’s most valuable AI startups.
Notion: Notion is a connected workspace app that combines notes, documents, and project management in a single tool.
Ralf Dümmel
- Investor Type: Individual Investor
- Investment Interests: Consumer Products, Household, and Food
- Investment Stage: Early
Ralf Dümmel is a well-known investor who has backed startups on German TV since 2016. He prefers products that are already generating revenue in consumer durables, household goods, retail, and food and beverage.
Like the investors on "Shark Tank", Dümmel appears on the German TV show “Die Höhle der Löwen” (The Lions’ Den), where he funds promising startups. He also meets founders through investor meetings and pitch competitions.
The investment range of Ralf Dümmel lies between €5,000 and €50,000. Some of his portfolio companies are:
waschies: waschies makes reusable, washable pads that remove makeup with just water, cutting down on single-use cotton pads.
Abfluss-Fee: Abfluss-Fee is a simple silicone sink and drain plug designed to seal and clear household drains.
veprosa: veprosa is a range of vegan protein sauces sold in flavors like pesto, tomato, and curry.
Christian Vollmann
- LinkedIn: Christian Vollmann
- Investor Type: Individual Investor
- Investment Interests: Tech
- Investment Stage: Early and Seed
Christian Vollmann has been an active angel investor for many years and has founded several companies of his own, including the neighborhood network nebenan.de. He has made dozens of startup investments.
Vollmann focuses on innovative tech startups at the early and seed stages. He finds companies through networking events, accelerators, and fundraisers.
The investment range of Christian Vollmann lies between €100,000 and €700,000. Some of his portfolio companies are:
NeoCarbon: NeoCarbon is a climate-technology firm that captures CO2 at low cost and at scale by leveraging waste heat and existing infrastructure, turning captured carbon into a resource for industry.
Autarc: Autarc is a software startup based in Berlin that builds a SaaS tool for the sales and planning of heat pumps.
OXOLO: OXOLO develops a web application for AI-based media generation, used to create product videos, advertisements, and other content.
Verena Pausder
- Investor Type: Individual Investor
- Investment Interests: Software, AI, and Education
- Investment Stage: Early
Verena Pausder is one of the best-known names in Germany’s angel community. She has backed around 30 companies and is also a limited partner in more than a dozen venture funds.
Pausder mainly invests in the consumer and edtech sectors, with a particular interest in digital education and children’s learning. Once a company has her backing, she offers mentorship and helps founders navigate the different stages of building a startup.
The investment range of Verena Pausder reaches up to €50,000, as she mainly makes early-stage investments. Three of her portfolio companies are:
Cleverly: Cleverly is a Berlin-based platform that combines tutoring with mentoring to help school students improve their grades and confidence.
Tomorrow University: Tomorrow University is an online learning platform built on learning science and powered by AI, designed to modernize traditional higher education.
Knowunity: Knowunity is an AI-powered learning platform for secondary-school students that offers personalized study help. It has raised a €27 million Series B round.
Matthias Hilpert
- LinkedIn: Matthias Hilpert
- Investor Type: Individual Investor
- Investment Interests: Technology, Health IT, and Real Estate
- Investment Stage: Early
Matthias Hilpert is an operator turned investor with over 20 years of experience. He is one of the top 30 angels backed by the European Investment Fund (EIF) in Germany and runs the investment firm MH2 Capital. He has invested in 36 early-stage companies across Europe and taken part in 11 exits.
Hilpert invests in early-stage technology, real estate, and public assets. He has a strong interest in driving European competitiveness and backs ambitious founders early.
Hilpert typically writes small early-stage angel checks, in the region of $5,000 to $50,000. Notable portfolio companies are:
Atlas Metrics: Atlas Metrics is a software platform that helps companies measure and report their sustainability and ESG data.
Workbounce: Workbounce builds knowledge and enablement tools for B2B revenue teams.
Hive Robotics: Hive Robotics is an early-stage robotics company in Hilpert’s portfolio.
Gloria Bäuerlein
- LinkedIn: Gloria Baeuerlein
- Investor Type: Individual Investor
- Investment Interests: B2B SaaS, Fintech, and Digital Health
- Investment Stage: Early
Gloria Bäuerlein built her reputation as an angel investor, backing more than 25 B2B companies across Europe before launching her own early-stage fund, Puzzle Ventures.
Bäuerlein primarily focuses on B2B SaaS and fintech, and she has a soft spot for digital-health and health-IT startups.
Her angel investment range sits around €50,000. Some of her portfolio companies include:
Insify: Insify is a digital insurance company for freelancers and small businesses that uses AI-driven data technology to simplify and speed up coverage.
Procuros: Procuros is a B2B integration platform that automates the exchange of trade documents, such as orders and invoices, between businesses.
Pigment: Pigment is a business-planning platform that helps finance teams build forecasts and models.
Wrap-Up
In a nutshell, angel investors tend to prefer profitable businesses built on
strong, unique ideas. Even if you don’t secure an investment in your
first investor meeting, don’t lose hope. Keep refining your story, learn
how to pitch to angel investors, and keep trying with small improvements.
Frequently Asked Questions
How much do angel investors in Germany typically invest?
German angel investors usually write early-stage checks that range from a few thousand euros up to several hundred thousand, depending on the investor and the round. Many start with smaller tickets, often between €5,000 and €50,000, and follow on in later rounds as a company grows.
Which industries do German angel investors focus on?
Germany’s angels are active across B2B SaaS and software, fintech, healthcare and digital health, climate and clean tech, edtech, and consumer products. Verena Pausder leans toward education, while Christian Vollmann backs climate startups, so match your outreach to each investor’s focus.
Where are most of Germany's angel investors based?
Most German angel investors cluster in Berlin and Munich, the country’s two biggest startup hubs, with more in Hamburg and the Rhine-Ruhr region. AngelMatch lists over 1,000 investors in Berlin and more than 700 in Munich, so those two cities are the best places to start networking.
How do you get in front of angel investors in Germany?
Warm introductions work best, so tap founders and operators who already know these angels. You can also meet them at startup events, accelerators, and pitch competitions (Die Höhle der Löwen is the most visible example), or build a targeted, well-researched outreach list and follow up.
