468 Capital

468 Capital is a Berlin- and San Francisco-based venture capital firm that invests in founder-led technology companies with global ambitions. Led by General Partners Alexander Kudlich, Ludwig Ensthaler, and Florian Leibert — all ex-founders and operators with deep experience building and IPOing major European tech firms — the firm focuses on four sectors: AI & Automation, Infrastructure & Enterprise Software, Energy Transition & Climate, and Prosumer & Consumer. 468 Capital raised $400 million for its Fund II in 2022. The firm primarily invests at the Seed and Series A stages, with average Seed round sizes of approximately $4.8M and Series A rounds averaging $14.2M. With offices in Berlin, Madrid, and San Francisco, the firm is well-positioned to support companies scaling across both European and U.S. markets. Their portfolio spans companies across Germany, the United States, the United Kingdom, and 13 additional geographies, with over 99 portfolio companies to date. 468 Capital prides itself on identifying trends early, leading initial rounds, and maintaining long-term support across subsequent financing stages.