# Estag Capital

Estag Capital is a Private Equity based in Berlin, Germany.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Berlin, Germany
- **Region:** Europe
- **Address:** Neue Kreisstraße 23, Berlin, Germany
- **Founded:** 2009
- **Assets under management:** Undisclosed
- **Website:** estag.de
- **LinkedIn:** https://www.linkedin.com/company/estag-capital-ag

## Regulatory record

- **Reports private funds:** No

## About

Estag Capital AG is a private investment company based in Berlin. It invests in young companies and ideas, particularly in renewable energy and gaming. Estag Capital provides seed or early-stage financing and expert network support to entrepreneurs and start-ups.

## Sectors

- Energy Transition & Renewables
- Gaming
- Media & Entertainment
- Enterprise Software
- Real Estate

## People

- Dr. Horvath — CEO
- Joerg Duske — Business Development

## Questions

### What is Estag Capital’s known posture on co-investments?

Estag routinely co-invests alongside other venture and strategic investors. Its Series A participation in GameGenetics closed with Target Partners and High-Tech Gründerfonds, and its SponsorPay backing sat alongside Hasso Plattner Ventures. In the Brainient round, it invested next to Atlas Venture, Credo Ventures, and 500 Startups.

### Does Estag Capital focus on direct equity stakes or fund commitments?

Estag operates almost entirely through direct equity participations in early-stage companies. The word ‘Beteiligungsgesellschaft’ and every publicly named position point to direct shareholdings, with no mention of fund-of-fund commitments or LP stakes in external vehicles.

### What is Estag’s track record in cleantech?

Estag backed Coulomb Technologies, which became the ChargePoint EV-charging network, during a period when Coulomb raised over $80 million in total funding. It also developed and exited a South African solar project developer, Texforce, to Italy’s Tozzigroup in March 2012 — an exit Dr. Horvath described as Estag’s first in South Africa, completed after a one-year holding period.

### How does Estag structure its investments?

Estag is constituted as an AG (Aktiengesellschaft), which gives it a public-company corporate form atypical for German venture firms. This structure can allow for a more flexible, holding-company approach to portfolio construction, accommodating both classic venture-tech bets and project-development equity within the same legal entity.

## Related profiles

- [Established](https://altss.com/profile/established-ventures)
- [Estalea](https://altss.com/profile/estalea)

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Updated: 2026-06-03T20:00:00.000Z

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