Possible Ventures Research
Investment Thesis
Possible Ventures is a Munich-based, globally investing venture capital firm (formerly known as Inventures) that backs mission-driven, interdisciplinary teams building frontier technology to solve humanity-scale challenges. The firm's stated belief is that the greatest opportunities lie at the intersection of deep tech, life sciences, and software platforms, and that breakthrough ideas emerge where scientists, engineers, and entrepreneurs from diverse backgrounds converge. Their homepage and about page repeatedly frame the firm as "relentlessly optimistic," choosing to back founders who believe hard problems are solvable rather than obsessing over downside risk.
Sector Focus
Possible Ventures organizes its portfolio around three broad "categories" — People, Planet, and Productivity — that map onto four thematic pillars named on the about page: climate, energy, health, and society. Within those pillars, the firm's own portfolio taxonomy spans Energy Transition, Space, Computational Healthcare, TechBio, New Materials, Recycling, Decarbonisation, Climate Intelligence, Sustainable Agriculture, Robotics & Automation, Security & Resilience, SaaS, Fintech, Gaming, and New Compute. In practice this makes Possible Ventures a generalist deep-tech and frontier-tech investor rather than a single-sector specialist: it has backed nuclear fusion (Marvel Fusion), reusable orbital vehicles (The Exploration Company), AI-powered imaging (Orbem), biogas systems (Reverion), battery recycling (Tozero), lab automation (Automata), quantum computing (Seeqc), drug discovery platforms (Enveda, Chemify), and consumer/enterprise software (Holidu, AnyDesk, Cognigy) alike.
Stage Focus
The firm states plainly on its homepage: "We are primarily focused on investing in pre-seed and seed rounds, supporting startups at the early-stages of their development. We may also consider later-stage companies that are showing strong growth potential and are a good fit with our investment strategy." Portfolio stage badges bear this out — the overwhelming majority of the ~85 portfolio companies surfaced during this research are tagged Pre-Seed or Seed, with a smaller number of Series A/B follow-on positions (e.g., Automata, Chemify, Enveda Bioscience, Seeqc, AnyDesk, Cognigy, Immutable, Holidu, Buildxact, Inventia, Eden Brew, Provectus Algae).
Check Size
No explicit check-size range is published on the firm's website. Given the firm's stated pre-seed/seed focus, an estimated combined AUM in the roughly $100M–$170M range (per third-party trackers, not firm-disclosed), and typical early-stage deep-tech round sizes in its portfolio (recent rounds range from ~€4M–€7M pre-seed/seed), a working estimate would place typical checks in the low hundred-thousands to low millions of dollars, but this figure is not confirmed by a primary source and is omitted from the structured payload rather than guessed.
Lead Tendency
Across the primary-sourced funding announcements identified in this research (enaDyne's €7M seed co-led by Amadeus APEX and Energy Capital Ventures; Telura's pre-seed led by Nucleus Capital; Insempra's $20M Series A led by EQT Ventures; Heidi's $340M raise led by other growth investors), Possible Ventures consistently appears as a participating investor alongside other leads rather than as the lead itself. This pattern suggests the firm more often follows/co-invests than leads, though it may lead at pre-seed given its "first institutional check" positioning implied by its own network and stage focus.
Recent Activity
Possible Ventures has been actively deploying through 2025 and 2026:
- September 2026: Participated in Heidi's $340M raise to scale AI clinical agents across global health systems (Heidi was already a Possible Ventures portfolio company).
- March 2026: Backed Telura's ~€4M pre-seed round (closed Autumn 2025, announced March 2026) to advance electric-impulse geothermal drilling technology, alongside Nucleus Capital and First Momentum.
- September 2025: Participated in enaDyne's €7M seed round for non-thermal plasma CO2-to-chemicals technology, co-led by Amadeus APEX Technology Fund and Energy Capital Ventures.
- May 2024: Participated in Insempra's $20M Series A, led by EQT Ventures, for synthetic-biology-based sustainable materials.
Fund status: Several third-party trackers (a LinkedIn fund-tracking post, waveup.com) reference "Fund III active, Fund IV launching 2026," consistent with a firm that has raised multiple funds since its founding in 2013 (as Inventures) and rebranding to Possible Ventures.
Portfolio Highlights
The portfolio spans more than 200 companies per the firm's own claim ("We support more than 200 teams"), of which this research directly surfaced roughly 85 named companies across six paginated portfolio views. Notable names include:
- Space/deep tech: The Exploration Company, Marvel Fusion, Auriga, Antaris, Gama Space, Tilebox, ISPTech, Yuri, Arlula, Picterra
- Climate/energy: Reverion, Telura, enaDyne, HyperHeat, Aquila, SiZable Energy, Provectus Algae, Flo Materials, VSPARTICLE, Insempra
- Computational health/TechBio: Orbem, Heidi, Enveda Bioscience, Chemify, Avi Medical, Hello Inside, Levy Health, Sensible Bio, Zafrens, Molecule One, RevoNA, Coherence Neuro, Tetratherix, Inventia
- Consumer/enterprise software and fintech: Holidu, AnyDesk, Cognigy, Heyflow, Buildxact, Re:cap, OwnHome, Summ, prePO
- Gaming/Web3: Immutable, Sorare, Omeda Studios, Tacter, AwesomeQA
- Known name changes in the portfolio: Coherence Neuro (prev. Opto Bio), Xylo Bio (prev. Psylo), Curo (prev. Return Protocol), Rumi (prev. Waitroom), Linearity (operates the Vectornator platform).
Team
- Chris Hitchen — Founder & General Partner. Australian entrepreneur and investor; built and sold price-comparison business Getprice to News Corp, eCommerce marketplace Next Commerce to Future PLC, and programmatic ad marketplace Hynt to Zalando. Invested in 100+ startups; was a venture partner with EQT Ventures, Project A, and SquarePeg Capital before founding Inventures, the Inventures Collective, and Possible Ventures.
- Thyra Seitz — Partner. Studied law at LMU Munich; worked at Weil Gotshal & Manges LLP and represented the German state of Baden-Württemberg at the EU; worked at the Max Planck Institute for Innovation and Competition; founded the design-thinking consultancy 10DaysofDesign.
- Dr. Christoph Baumeister — Partner. Co-founded three startups over eight years, including Avi Medical (CPO), IoT/smart-home company nello, and last-mile delivery firm LOCUMI LABS. PhD in Consumer Behaviour from TU Munich; MBA/Electrical Engineering minor from TUM and HEC Paris; studied Technology Management at CDTM Munich.
- Tim Linnenweber — Senior Associate. Engineer-turned-entrepreneur; Co-Founder and COO/CFO of CargoKite, scaling it across funding rounds to a globally recognized zero-emission shipping pioneer. Previously in strategy consulting advising energy and transportation clients. M.Sc. in Mechanical Engineering from TU Munich.
Decision Process
With a founder/GP plus two additional partners and a senior associate, Possible Ventures operates as a small partnership rather than a solo-GP shop or a large investment-committee structure.
Founder Preferences
The firm explicitly seeks "the brightest minds" — interdisciplinary teams of scientists, engineers, and entrepreneurs whose diverse perspectives lead to breakthrough ideas, particularly at the intersection of multiple technical disciplines. Team bios of backed founders (e.g., DLR spin-outs, TU Delft spin-outs, PhD-level scientists founding companies) suggest a preference for deeply technical, often research-origin founding teams.
Geographic Focus
Headquartered in Munich, Germany, but explicitly global in scope: "We are always open to exploring new regions and building relationships with entrepreneurs and investors across the globe." The firm cites 300+ founders backed across 20+ countries. Portfolio companies surfaced in this research are concentrated in Europe (Germany especially), the United States, and Australia/New Zealand, with additional companies in Singapore, France, Poland, Switzerland, Austria, Italy, Estonia, England, and Scotland.