Family Office

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Zen11 Holdings

Zen11 Holdings was established as a family office based in Graz, Austria, managing capital with a multi-decade horizon for future generations.

Zen11 Holdings

Zen11 Holdings

Zen11 Holdings was established as a family office based in Graz, Austria, managing capital with a multi-decade horizon for future generations. The firm's own materials describe it as cross-generational and not exit-driven, prioritizing long-term value creation over fund-lifecycle pressure. Its investment activities span direct venture capital, real estate development, and classic multi-asset management. The firm runs an early-stage venture strategy targeting business models that address social and environmental challenges. Its portfolio is concentrated in Austria and Germany, with select exposure to the United States. Confirmed positions include Graz-based agri-tech company smaXtec, which deploys a sensor-based dairy health system; Berkeley-based biopreservation startup X-Therma; and sports-tech platform Coachbetter, whose customers include Borussia Dortmund and the Austrian Football Federation. Zen11 also holds stakes in scoretec AI Football, a data analytics and scouting solution for professional clubs, and Climcycle, an ESG SaaS platform providing climate risk analytics to banks and insurers. The firm participates in the European Angel Fund (EAF) program of the European Investment Bank, a structure that gives it access to co-investment deal flow and a continent-wide network of venture and private equity investors. The firm's operational footprint is lean and centralized in Graz. In addition to venture holdings, Zen11 maintains a real estate development arm focused on sustainable projects, supplemented by a property management business, an insurance advisory, and a brokerage office. It also controls entities that extend into wealth management and asset services: Omicron Investment Management GmbH serves as a platform for investment specialists, while Bogen & Partner Wealth Managers provides independent financial consulting. There is no public headcount or assets-under-management figure, and the principals who lead investment decisions are not named on the firm's website or in any public filing. What structurally distinguishes Zen11 is its explicit link to European Investment Bank infrastructure. The 2018 qualification as an EAF investor embeds the firm in a formal co-investment mechanism that sources deals across the European Union—a structure more typical of development-finance vehicles than of a single family office. This institutional pipeline, combined with its reported long-duration mandate and cross-asset reach into real estate and operating businesses, shapes a capital base that behaves less like a conventional venture fund and more like a permanent-holdings vehicle with public-investor adjacency.

General information

Firm type

Family Office

Year founded

AUM

Undisclosed

Location

Region

Europe

Country

Austria

City

Graz

Corporate office

Riesstraße 89, A-8010 Graz, Austria

Sector focus

Enterprise SoftwareAI/MLDigital HealthSports TechAgriTech & FoodTechIndustrial TechClimateTechBiotechReal Estate

Frequently asked questions

How does Zen11 Holdings source its venture deals?

Zen11 sources a portion of its deal flow through its 2018 qualification as an investor in the European Angel Fund (EAF), a program of the European Investment Bank. This gives the firm access to a Europe-wide co-investment network and is a structural pipeline uncommon among single family offices. The firm also originates direct investments through its entrepreneurial network in Austria and Germany.

Is Zen11 Holdings a single family office or does it operate more like a venture firm?

Zen11 describes itself as a cross-generational family office and states explicitly that it is not exit-driven, supporting a sale or IPO only when it is in the company's best interest. However, its venture activity—spanning over ten years and including a broad early-stage portfolio—resembles a permanent-capital investment firm. The dual identity is unusual: family-office patience backed by an institutional co-investment pipeline from the European Investment Bank.

Does Zen11 participate in fund commitments or only direct deals?

The firm's primary stated approach is direct investment in early-stage companies with strong growth potential. It also operates through the European Angel Fund co-investment program, which is a structured facility rather than a traditional blind-pool fund commitment. The website does not disclose any third-party fund investments outside of this program.

What geographies does Zen11 target?

The portfolio is anchored in the DACH region—Austria and Germany—with a secondary node in the United States, illustrated by holdings in Berkeley-based X-Therma and the US-and-UK customer base of Coachbetter. The EAF co-investment mechanism gives the firm exposure to companies across the European Union.

Which sectors does Zen11 explicitly avoid?

The firm does not publish a negative sector screen. Its portfolio emphasizes businesses that address social or environmental challenges through innovation, with a tilt toward industrial and enterprise technology, health, and agri-foodtech. No investments in extractive industries, tobacco, or defense are visible from the website's portfolio disclosures.

Profile maintained by 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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