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10x Group
The Munich-based group was formed by four operators who each generated exits from ventures they co-founded — including IDnow, BIT Capital, and exit track...
10x Group
The Munich-based group was formed by four operators who each generated exits from ventures they co-founded — including IDnow, BIT Capital, and exit track records spanning Sales to Ebay, Axel Springer, and General Atlantic — before pooling their capital and deal access under a single investment umbrella. The partnership does not represent a single-family wealth origin but rather a collective platform built on serial entrepreneurial liquidity. 10x Group invests across three distinct channels. Its direct activity targets growth- and late-stage rounds, with known positions in Scalable Capital (backed through its 2021 Series E before a 2021 IPO), Isar Aerospace (2024 Series C), and Skello (backed at Series A and B). Early-stage exposure runs through the 10x Founders fund network, which co-invests alongside external venture firms across Europe. A third vehicle, FLEX Capital, acquires profitable software companies with a buy-and-build thesis. The firm maintains an active geographic split between European hubs — Germany, France, and Spain — and Silicon Valley deals, reflecting co-founder Felix Haas's Stanford GSB network. The partnership operates a lean team structure with no disclosed professional headcount, but recent deployment includes a 2024 Series F check into GetYourGuide and a 2024 Series B round for an Indian quick-commerce platform. Adjacent structures include Jan Beckers's art collection, institutionalized digital-asset positions in Bitcoin and Ethereum, and BIT Capital, the complementary asset manager Beckers founded that frequently co-invests or shares origination networks. What distinguishes 10x Group from a standard VC firm is its personalized deal-sourcing model: the four partners rely on operator-to-operator referral networks and their own company-building track records rather than proprietary origination teams. The platform does not market to external limited partners — it invests proprietary capital — but mimics a multi-family office structure by pooling resources across the founders, creating a closed network that selects deals through the same filters they applied as entrepreneurs.
General information
Firm type
Generalist
Year founded
2006
Location
Region
Europe
Country
Germany
City
Munich
Corporate office
Prannerstraße 10, 80333 Munich, Germany
Principals
Felix Haas
Managing Partner and Co-Founder
Jan Beckers
Managing Partner and Co-Founder
Andreas Etten
Managing Partner and Co-Founder
Robert Wuttke
Managing Partner and Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at 10x Group?
The four co-founders — Felix Haas, Jan Beckers, Andreas Etten, and Robert Wuttke — operate as managing partners and make investment decisions collectively. The group does not disclose an investment committee or external advisory board. Haas brings a Stanford GSB network and IDnow founding experience; Beckers runs complementary asset manager BIT Capital.
How does 10x Group source proprietary deal flow?
Deal origination depends on the partners' personal networks as serial entrepreneurs and angel investors, reinforced by the 10x Founders early-stage fund network. The founders co-founded companies such as IDnow and sold ventures to General Atlantic and Ebay, which feeds a referral-based pipeline. There is no disclosed institutional origination team.
Is 10x Group a single family office or a venture firm?
10x Group functions as a hybrid: it invests proprietary capital pooled from the four founders rather than raising external funds, which resembles a multi-family office model. However, it maintains separate vehicles — a direct late-stage investment arm, the 10x Founders early-stage network, and the FLEX Capital buyout fund — giving it the operational footprint of an institutional venture platform.
Does 10x Group participate in fund commitments or only direct deals?
The group accesses early-stage companies primarily through its affiliated fund network, 10x Founders, while deploying directly into growth- and late-stage rounds. FLEX Capital, a third vehicle, handles buyout investments in profitable software businesses. This lets the firm cover the full company lifecycle without committing capital to third-party funds.
What investment stages does 10x Group typically target?
Stage coverage spans seed through late-stage and buyout. The 10x Founders fund handles seed and Series A rounds. Direct investments concentrate on growth and late-stage — evidenced by Series D and later checks such as Scalable Capital (Series E) and Isar Aerospace (Series C). FLEX Capital targets mature, profitable software companies through control buyouts.
How is 10x Group related to BIT Capital?
Co-founder Jan Beckers founded BIT Capital as a separate asset management firm. The two entities frequently co-invest or share origination networks, and BIT Capital is listed as a business partner. Each entity maintains its own investment decision process, but the overlap in personnel and deal flow creates a shared ecosystem.
Does 10x Group maintain any philanthropic or non-investment structures?
No formal philanthropic foundation is disclosed. However, the group holds non-trivial digital-asset positions in Bitcoin and Ethereum, and Jan Beckers maintains a noted contemporary art collection in Munich. These are held as personal or partnership assets rather than through a grant-making entity.
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