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General Partner
Venture | Fundraising | Munich
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Bloomberg
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The most compelling founders aren’t reacting to trends, they’re shaping them. They have a clear, specific view of how the world will change over the next five to ten years, and they’re already operating as if that future is inevitable. Conviction, before validation, is often the earliest signal.
Market size is a prerequisite, but transformation is what creates opportunity. I look for sectors where structural shifts, technological, regulatory, or behavioral, open a window for new category leaders to emerge. The best companies are built when that window is just starting to open, not after it’s widely recognized.
Enduring companies are built by teams that stay the course. You can often see that early, in how founders think, how they make decisions, and how they respond to pressure. The strongest teams combine ambition with resilience, and continue to push forward long after the initial excitement fades.
I've now been at this for almost two decades, and the pattern I keep coming back to is deceptively simple: the best European companies are built by founders who take a genuine structural advantage and scale it before the rest of the world notices. Zalando did it with European fashion supply chains. HelloFresh did it with fresh food logistics. Scalable did it with regulated fintech infrastructure. Today, I see that same pattern in energy, in mobility, in deep tech. Europe has the engineering talent, the regulatory sophistication, and increasingly the capital to produce global winners. The founders I want to back are the ones who see that clearly and are already building toward it.
"Building a company is an endurance game. You know setbacks will come, you just never know when. Ultra running taught me that giving up is never the answer. There is always a finish line. You commit, adapt, and pull through. That's what the founders we back do. And that's what I do alongside them."
Rainer is one of HV's longest-serving team members, backing founders from first check to IPO across consumer, fintech, climate, mobility, and an expanding frontier tech portfolio. An engineer by training and an endurance athlete by discipline, he worked on four continents before joining HV in 2008, bringing analytical precision from Siemens and commercial instinct sharpened at 3i and INSEAD.
Three weeks into the job, HV invested in Zalando. It was an early signal of a career defined by conviction at formative moments, but far from the only one. HV was the first institutional investor in HelloFresh, staying with the company through the long arc from ambition to scale. HV has backed Scalable Capital, FINN, and Quandoo from early stages into category-defining positions, and more recently widened his focus to include European frontier tech in deep tech, robotics, and advanced manufacturing.
Beyond individual investments, Rainer has helped shape HV into one of Europe's enduring venture platforms and driving the firm's generational transition. His focus has been consistent: build through cycles, stay grounded in fundamentals, and ensure HV is designed to outlast any single market environment. An Ironman World Championships finisher in Hawaii, he brings that same endurance to everything he does.
Founders: Anselm Bauer Benjamin Günther Sebastian Schuon
Founded: 2018
HV Entry: 2018
Funding: Fund VII
HQ: Munich, Germany
Founders: Max-Josef Meier Nikolai Schröder Andreas Wixler Max Beyer Hans-Peter Ringer Max-Josef Meier
Founded: 2019
HV Entry: 2019
Funding: Fund VII
HQ: Munich, Germany
Founders: Julia Bösch Anna Alex
Founded: 2012
HV Entry: 2012
Funding: Fund V, Fund Coco
HQ: Berlin, Germany
Website: http://www.outfittery.de/
Founders: Erik Podzuweit Florian Prucker Patrick Pöschl Prof. Dr. Stefan Mittnik Adam French
Founded: 2014
HV Entry: 2015
Funding: Fund VI, Fund IX Growth
HQ: Munich, Germany
Founders: Harrison Fugman Alexander Kost Tim Marbach
Founded: 2018
HV Entry: 2018
Funding: Fund VII
HQ: San Francisco, United States of America
Website: https://www.thenakedmarket.com/
Founders: Alexander Ljung Eric Quidenus-Wahlforss Christian Springub
Founded: 2020
HV Entry: 2020
Funding: Fund VIII
HQ: Berlin, Germany
Website: https://www.dance.co/
Founders: Dominik Richter Thomas Griesel Jessica Nilsson
Founded: 2011
HV Entry: 2011
Funding: Fund IV
HQ: Berlin, Germany
Founders: Dr. Philipp Kreibohm Felix Jahn
Founded: 2009
HV Entry: 2009
Funding: Fund III
HQ: Berlin, Germany
Website: https://www.home24.de/
Founders: Philipp Magin Daniel Glasner Ronny Lange Tim-Hendrik Meyer Sebastian Moser
Founded: 2013
HV Entry: 2013
Funding: Fund V
HQ: Berlin, Germany
Website: https://www.quandoo.com/
Founders: Anselm Bauer Benjamin Günther Max-Josef Meier Sebastian Schuon
Founded: 2008
HV Entry: 2008
Funding: Fund III
HQ: Munich, Germany
Website: https://www.stylight.de/
Founders: David Schneider Robert Gentz
Founded: 2008
HV Entry: 2008
Funding: Fund II
HQ: Berlin, Germany