Single Family Office

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AQAL Capital (Bozesan Family Office)

AQAL Capital was established in 2014 by Dr. Mariana Bozesan and Tom Schulz. Their capital stems from prior technology exits including the IPO of corporate ISP...

AQAL Capital (Bozesan Family Office) logo

AQAL Capital (Bozesan Family Office)

AQAL Capital was established in 2014 by Dr. Mariana Bozesan and Tom Schulz. Their capital stems from prior technology exits including the IPO of corporate ISP Cybernet AG and the sale of demand-response firm Entelios AG. The firm operates as a single-family office that applies the AQAL framework derived from Ken Wilber's Integral Theory to screen and de-risk investments. The office commits to seed and Series A direct investments, SPVs, and select fund-of-funds positions. It maintains exposure to ClimateTech, Energy Transition & Renewables, AgriTech & FoodTech, Digital Health, and EdTech. Geographic reach covers Europe and North America. A 2023 seed round in DNTOX GmbH was completed with High-Tech Gründerfonds, Bool Capital, Barbara Korte-Sturm, and Nikolaus Sturm. Additional activity includes participation in the Climate Endowment Fund alongside Wermuth Asset Management and Jochen Wermuth. Team size and total deployment figures remain undisclosed. The firm maintains the AQAL Foundation as a separate philanthropic vehicle. Dr. Bozesan holds memberships in the Club of Rome as Co-Chair of the Nominations Committee, the World Academy of Art and Science, and Toniic's 100% Impact Network. In 2024 she appeared on panels at the SRI/SSD2024 Congress with representatives from EIT Climate-KIC and UNESCO. A structural distinction lies in the explicit linkage between the family office and the AQAL Foundation, which channels mission-related capital while preserving separate governance. This architecture allows coordinated deployment of for-profit and philanthropic resources under the same Integral Investing mandate without commingling assets.

General information

Firm type

Single Family Office

Year founded

2014

Location

Region

Europe

Country

Germany

City

Munich

Corporate office

Munich, Germany

Principals

Dr. Mariana Bozesan

Co-founder

Altss tracks 1 additional named team member for this firm — including direct investment leads, IR, and operating principals not listed on the public website.

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Sector focus

ClimateTechEnergy Transition & RenewablesAgriTech & FoodTechDigital HealthEdTechAI/ML

Frequently asked questions

Who runs investment decisions at AQAL Capital?

Dr. Mariana Bozesan and Tom Schulz serve as co-founders. Dr. Bozesan leads the application of the Theta Model and Integral Investing criteria to all opportunities.

How does AQAL Capital source proprietary deal flow?

The firm draws on Dr. Bozesan's network within the Club of Rome, European Business Angel Network, and Toniic. It also receives inbound opportunities through partnerships such as the Cisco Entrepreneurs in Residence program.

Does AQAL Capital participate in fund commitments or only direct deals?

The office executes direct co-investments and SPVs while maintaining selective fund-of-funds exposure. It co-founded the Climate Endowment Fund with Wermuth Asset Management.

What investment stages does AQAL Capital typically target?

The firm focuses on seed and Series A rounds in companies advancing exponential technologies and sustainability solutions.

Where does the underlying wealth come from?

Capital originates from technology exits, specifically the IPO of Cybernet AG and the sale of Entelios AG.

Does AQAL Capital maintain philanthropic structures, and how are they separated?

The AQAL Foundation operates as a distinct vehicle for mission-related and philanthropic activity alongside the family office.

What is AQAL Capital's known posture on co-investments alongside external GPs?

The firm regularly co-invests with other angels and funds, as shown by the 2023 DNTOX round with High-Tech Gründerfonds and Bool Capital.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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