About This Fund
Scalehouse Capital Fonds I is a €25 million early-stage venture capital fund managed by Scalehouse Capital, an investment firm headquartered in Osnabrück, Germany. Launched in 2022, the fund was established to back exceptional founders building AI-first B2B software companies with the potential to become market leaders in their respective categories. The fund is closed and has deployed capital across ten portfolio companies across its target markets.
The fund's investment thesis centres on the intersection of artificial intelligence and enterprise software, with a particular focus on Germany and the broader European market. Scalehouse Capital typically leads or co-leads seed rounds with initial ticket sizes of up to €1.5 million, targeting startups at the earliest stages of company formation. The firm is backed by more than 25 investors and principals from Germany's industrial Mittelstand, whose domain expertise and commercial networks provide portfolio companies with strategic value beyond capital. Investment decisions follow a conviction-driven, concentrated approach—the team backs founders with deep sector knowledge who are building compounding businesses designed to achieve category leadership in B2B markets.
With ten investments completed from Scalehouse Capital Fonds I, the portfolio spans AI-enabled enterprise tools and workflow automation platforms. Notable portfolio companies include heycare, a Munich-based employee assistance programme and family care platform that completed an extended seed round of €4 million in March 2026 co-led by Scalehouse Capital alongside Swiss Post Ventures, with enterprise customers including Daimler Truck, Douglas, Vaillant, and Volkswagen Retail. The fund's closed status signals successful capital deployment, and Scalehouse Capital continues to build its platform as a recognised early-stage investor in the German AI and enterprise software ecosystem.