H & S Investment

H & S Investment

H & S Investment was co-founded by Dr. Martin Heubeck (1961–2025) and Ulrich Stommel, both of whom carved their careers inside German technology groups before turning to angel investing. Heubeck spent over 25 years as a managing director and manager, earning a doctorate with a Robert Bosch scholarship; Stommel brought parallel tenure in telecommunications, renewable energy, and information technology. The firm runs from its headquarters in Bünde, North Rhine-Westphalia, with a southern branch in Kammerstein, and the two founders personally led every investment decision. The firm wrote first-cheque capital into early-stage German tech, concentrating on enterprise software, smart mobility, cybersecurity, and industrial digitization. Its investment approach blended startup equity with deep operating support — Heubeck and Stommel stayed on a founder’s board for as long as necessary, with no fixed fund-life pressure. Confirmed portfolio positions include Ninox, the Berlin-based low-code database platform; Cybus, which layers an industrial IoT middleware across factory floors; ChargeX, an electric-vehicle charging-infrastructure play designing modular, fleet-ready hardware; and Regulus Cyber, an Israeli-German cyber-physical security company protecting satellite navigation. The firm realized at least one exit when Metail acquired Munich-based Presize in April 2022 (per the firm). Geographically, H & S stayed overwhelmingly concentrated in Germany while selectively backing teams with cross-border technology distribution into wider Europe and Israel. H & S never published AUM or headcount, running as a lean partnership that complemented its capital with direct operating counsel borne from the founders’ corner-office experience. Both men maintained parallel commercial identities — Stommel simultaneously leads NPit Consulting & Service GmbH as Managing Director. The firm is an accredited member of Business Angels Netzwerk Deutschland and an active participant in the BayStartUP investor network, which gave it access to very early-stage deal flow across Bavaria and North Rhine-Westphalia. Heubeck’s death in 2025 left Stommel as the remaining managing partner navigating the portfolio with the same open-ended, high-conviction mandate the pair built together. H & S Investment operated as a pure angel vehicle, not a venture fund — it never took institutional third-party capital and structured every commitment directly from the founders' balance sheet. That architecture removed the deployment clocks and LP cyclicality that shape most early-stage managers, letting Heubeck and Stommel make decisions on technical conviction and personal chemistry rather than fund-math constraints. Governance now turns on Stommel's ability to preserve that singular structure without his co-founder, a transition that will define the firm's next chapter.