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HNC Capital
HNC Capital, led by Jonathan von Pfetten-Arnbach, deploys early-stage capital from Germany with ties to European royalty and UVC Partners.
HNC Capital
HNC Capital is a Munich based investment company which invests in innovative and fast-growing business models.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
Grünwald
Corporate office
Grünwald, Germany
Principals
Jonathan von Pfetten-Arnbach
Vorstandsvorsitzender (CEO) and Co-founder
Aleksandar Jelic
Vorstand and Co-founder
Julius Nagel
Vorstand and Co-founder
Frequently asked questions
Who runs investment decisions at HNC Capital?
Three co-founders lead the firm: Jonathan von Pfetten-Arnbach serves as Vorstandsvorsitzender (CEO), while Aleksandar Jelic and Julius Nagel serve as Vorstand members and co-founders. Investment decisions likely run through this triad, with Nagel contributing deal-flow access from his role as an Investment Associate at UVC Partners.
How is HNC Capital connected to the Serbian royal family?
Co-founder Aleksandar Jelic is the brother of Princess Dr. Vesna of Serbia, who married Prince Alexander, head of the former Royal Family of Serbia, in 2025. This connection places a member of the firm's leadership within a European royal network, though HNC Capital itself is structured as an investment company rather than a family office for the royal household.
Does HNC Capital co-invest with other funds?
Yes. Swiss Founders Fund is a frequent co-investment partner, particularly in seed rounds. Additionally, co-founder Julius Nagel's position at UVC Partners creates a natural alignment with that firm's deal flow and investment activities.
What investment stages does HNC Capital target?
The firm operates across early-stage, seed, and growth rounds, per Altss research. The strategy is generalist, and the firm does not publicly narrow its focus to a single sector vertical. The presence of a permanent equity capital vehicle suggests an ability to hold positions longer than a traditional venture fund lifecycle.
What is the relationship between HNC Capital and UVC Partners?
Julius Nagel, co-founder and Vorstand member of HNC Capital, concurrently serves as an Investment Associate at UVC Partners, a Munich-based venture capital firm linked to the Technical University of Munich. The dual role facilitates shared deal flow, co-investment opportunities, and crossover exposure between HNC Capital's permanent capital and UVC Partners' institutional fund structure.
Profile maintained by Altss 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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