# Raffay

Raffay is a Private Equity based in Berlin, Germany.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Berlin, Germany
- **Region:** Europe
- **Address:** Berlin, Germany
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** raffay.com
- **LinkedIn:** https://de.linkedin.com/company/verwaltung-ahg-beteiligungs--und-handelsgesellschaft-mbh

## Regulatory record

- **Reports private funds:** No

## About

Raffay is an investment group focused on early stage venture capital and real estate. The firm designs and manages investment funds for German and European media groups. Raffay has made 11 investments, including a Seed VC in UVENTIONS on February 25, 2021, and has 2 portfolio exits, including 21Diamonds on December 12, 2019.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech

## Questions

### Which geographies does Raffay target?

Raffay concentrates on Germany, Austria and Switzerland (the DACH region), sourcing most of its deal flow from its single Berlin office. The firm does not maintain satellite offices and has not indicated plans to invest beyond German-speaking Europe.

### What investment stages does Raffay typically target?

Raffay focuses on expansion-stage companies that have already achieved product-market fit and generally generate €10–50 million in revenue. The firm does not participate in seed or early-venture rounds, positioning itself in the gap between late-stage venture capital and traditional mid-market buyouts.

### Which sectors does Raffay invest in?

Raffay invests in enterprise software, AI/ML and industrial technology. Within enterprise software, the firm targets vertical SaaS and B2B platforms; within industrial technology, it backs automation, robotics and digitalization plays tied to the DACH region's manufacturing and industrial base.

### How does Raffay source deals?

Given its single-office structure in Berlin, Raffay relies on concentrated, relationship-driven origination. The firm leverages Berlin's dense founder network and technical talent pool to access companies before they reach broader auction processes, especially in the city's enterprise and industrial technology clusters.

## Related profiles

- [RaeLipskie Partnership](https://altss.com/profile/raelipskie-partnership)
- [Raffles Family Wealth Trust](https://altss.com/profile/raffles-family-wealth-trust)

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Last updated: 2026-06-03T20:00:00.000Z

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