# Vsquared Ventures

Vsquared Ventures is a Venture Capital based in Munich, Germany.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Munich, Germany
- **Region:** Europe
- **Address:** Munich, Germany
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** www.vsquared.vc
- **LinkedIn:** https://www.linkedin.com/company/vsquared-ventures

## Regulatory record

- **Reports private funds:** No

## About

Vsquared Ventures is a venture capital firm founded in 2020 in München, Germany. It invests in early-stage deep-tech companies across sectors such as new space, energy transition, and AI. Vsquared Ventures has made 68 investments, including a Series A investment in Lace Lithography on March 23, 2026.

## Sectors

- SpaceTech
- ClimateTech
- Robotics & Automation
- Industrial Tech
- AI/ML
- Energy Transition & Renewables
- Mobility & Transportation

## People

- Dr. Herbert Mangesius — General Partner
- Lise Rechsteiner — General Partner

## Questions

### Who makes investment decisions at Vsquared Ventures?

General Partners Dr. Herbert Mangesius and Lise Rechsteiner lead the investment committee. Mangesius focuses on quantum, AI, and new computing architectures, while Rechsteiner covers space, energy, and advanced materials. The firm has not publicly disclosed other investment committee members as of mid-2025, keeping decision-making concentrated between the two founding GPs.

### Does Vsquared Ventures participate in fund commitments or only direct deals?

Vsquared is a direct investor, writing checks into pre-seed and seed-stage companies rather than committing capital to other venture funds. The firm reserves significant follow-on reserves to maintain or increase ownership in portfolio companies through Series A and B rounds. It does not operate a fund-of-funds program or participate as a limited partner in external vehicles.

### Which sectors does Vsquared Ventures explicitly avoid?

Vsquared does not invest in consumer internet, enterprise SaaS, fintech, or ad-tech platforms. The firm's limited partner agreements and public statements restrict its mandate to deeptech and frontier technology categories — space, quantum, robotics, energy transition, synthetic biology, and advanced materials. Software-only companies without a hardware or scientific-research component fall outside the thesis.

### How does Vsquared Ventures source proprietary deal flow?

The firm sources heavily through European technical universities and research institutes — including institutions in the Munich ecosystem like the Technical University of Munich and Max Planck Institutes. Mangesius and Rechsteiner also maintain an advisory network of practicing engineers and scientists who flag emerging technologies before they produce formal fundraising materials. This technical-diligence layer gives Vsquared early visibility into labs and spinouts that generalist venture firms reach only after commercial validation is established.

### Is Vsquared Ventures structured as a traditional venture firm or does it operate differently?

Vsquared is a conventional venture capital firm with a General Partner / Limited Partner structure, but its internal operating model differs from most European early-stage funds. The firm relies on a network of operator-advisors with deep technical expertise — physicists, rocket engineers, and materials scientists — who participate in deal evaluation. This functions as an extended diligence capability that substitutes for the large in-house teams maintained by US deeptech peers like Lux Capital.

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- [VSquare Capital](https://altss.com/profile/vsquare-capital)
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Last updated: 2026-06-03T20:00:00.000Z

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