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CorporateVentureCapital.com

M Ventures

Profile, fund size and portfolio

Parent Merck KGaA, Darmstadt, GermanyHQ Amsterdam, NetherlandsFounded 2009

M Ventures is the corporate venture arm of Merck KGaA, Darmstadt, Germany (pharmaceuticals, life science and electronics). It was founded in 2009 and is based in Amsterdam, Netherlands. It invests from Series A to Series C+ in healthcare, life Science, electronics.

Fund sizeS1
EUR 600M
Companies backedS1
100+
IPOsS3
7
M&A exitsS3
12

Every figure links to its source

Snapshot

Investment stage: Series A to Series C+
Data behind this graphic
Data behind this graphic
ItemValue
Stage rangeSeries A to Series C+
SectorsHealthcare, Life Science, Electronics, Frontier Technology and
GeographyEurope, North America, Middle East and Africa
OfficesAmsterdam, Netherlands, Darmstadt, Germany

Sources: S4 M Ventures news archive (2015 to 2026); S3 M Ventures portfolio (category and exit filters); S5 M Ventures contact (offices).

Graphic 1 of 3

Investment stage: Series A to Series C+

Investment stage: Series A to Series C+Bar showing M Ventures invests from series a to series c+. Sector chips: healthcare, life science, electronics, frontier technology and. Geography: Europe, North America, Middle East and Africa.Investment stage: Series A to Series C+M VenturesSTAGEPre-seedSeedSeries ASeries BSeries C+GrowthLate stagePORTFOLIO MIXPortfolio by the firm's own tags, share of 86 companiesHealthcare48.8% (42)Electronics24.4% (21)Frontier Technology and Sustainability14% (12)Life Science12.8% (11)GEOGRAPHYEuropeNorth AmericaMiddle East and AfricaCorporateVentureCapital.comSources: S4, S3, S5, listed on the profile
Data behind this graphic
ItemValue
Stage rangeSeries A to Series C+
SectorsHealthcare, Life Science, Electronics, Frontier Technology and
GeographyEurope, North America, Middle East and Africa
OfficesAmsterdam, Netherlands, Darmstadt, Germany

Sources: S4 M Ventures news archive (2015 to 2026); S3 M Ventures portfolio (category and exit filters); S5 M Ventures contact (offices).

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Investments closed by company type
Data behind this graphic
Data behind this graphic
ItemCompaniesShare
Healthcare4248.8%
Electronics2124.4%
Frontier Technology and Sustainability1214%
Life Science1112.8%

A company can carry more than one tag

Sources: S3 M Ventures portfolio (category and exit filters).

Graphic 2 of 3

Investments closed by company type

Investments closed by company typeDonut chart of portfolio by the firm's own tags: Healthcare 48.8%, Electronics 24.4%, Frontier Technology and Sustainability 14%, Life Science 12.8%.Investments closed by company typeM Ventures · Portfolio by the firm's own tags86TAGGED COMPANIESHealthcare48.8% 42Electronics24.4% 21Frontier Technology and Sustainab.14% 12Life Science12.8% 11CorporateVentureCapital.comSource: M Ventures portfolio (category and exit filters)
Data behind this graphic
ItemCompaniesShare
Healthcare4248.8%
Electronics2124.4%
Frontier Technology and Sustainability1214%
Life Science1112.8%

A company can carry more than one tag

Sources: S3 M Ventures portfolio (category and exit filters).

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Scale and capital allocated
Data behind this graphic
Data behind this graphic
MeasureValueUnitKindSource
Headline sizeEUR 600MFund sizeStated by the firm or its parentS1
Companies backed100+companiesStated by the firmS1
IPOs7IPOsStated by the firmS3
M&A exits12exitsStated by the firmS3
Companies on the firm's portfolio page86companiesCounted from the firm's own listS3

Sources: S1 M Ventures home; S3 M Ventures portfolio (category and exit filters).

Graphic 3 of 3

Scale and capital allocated

Scale and capital allocatedM Ventures headline size EUR 600M, basis: Fund size. Dot strip of 4 published counts: Companies backed 100+; IPOs 7; M&A exits 12; Companies on the firm's portfolio page 86.Scale and capital allocatedM VenturesEUR 600MFUND SIZECOMPANIES BY STATUS ON THE FIRM'S LIST, 86 COMPANIESACTIVE 67 · 77.9%EXITED 19 · 22.1%COUNTS THE FIRM AND ITS PAGES PUBLISH1101001,000Companies backed100+ companiesIPOs7 IPOsM&A exits12 exitsCompanies on the firm's portfolio page86 companiesStated by the firmCounted from a list or another sourceCorporateVentureCapital.comSources: M Ventures home; M Ventures portfolio (category and exit filters)
Data behind this graphic
MeasureValueUnitKindSource
Headline sizeEUR 600MFund sizeStated by the firm or its parentS1
Companies backed100+companiesStated by the firmS1
IPOs7IPOsStated by the firmS3
M&A exits12exitsStated by the firmS3
Companies on the firm's portfolio page86companiesCounted from the firm's own listS3

Firms and databases count companies, rounds and investments differently.

Sources: S1 M Ventures home; S3 M Ventures portfolio (category and exit filters).

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Where it invests and who leads it

Geography

Headquarters
Amsterdam, Netherlands
Offices
  • Amsterdam, Netherlands
  • Darmstadt, Germany

Investment regionsS4S3S5

  • Europe
  • North America
  • Middle East and Africa

LeadersS7S6S8S9S10

M Ventures on LinkedIn

Key facts

FactValueStatusSource
Parent companyMerck KGaA, Darmstadt, GermanySingle sourceS1
Parent industryPharmaceuticals, life science and electronicsSingle sourceS1
Founded2009Single sourceS1
HeadquartersAmsterdam, NetherlandsSingle sourceS5
StatusActiveSingle sourceS1
Capital sourceParent company onlySingle sourceS1
Headline sizeEUR 600M (Fund size)Single sourceS1
Companies backed100+Single sourceS1
Exits19 total, 7 IPOs, 12 M&ASingle sourceS3
People on the team page23Single sourceS2
StagesSeries A, Series B, Series C+ (inferred from announced rounds)EstimateS4

Portfolio

The firm's portfolio page lists 86 companies: 67 active, 19 exited.S3

The firm also states 100+ companies backed. The page list and the stated total measure different things.S1

Companies by status on the firm's list. Status as the firm tags itS3
TagCompaniesShare
Active6777.9%
Exited1922.1%
Portfolio by the firm's own tags. A company can carry more than one tagS3
TagCompaniesShare
Healthcare4248.8%
Electronics2124.4%
Frontier Technology and Sustainability1214%
Life Science1112.8%

Shared portfolio with other corporate VCs

21 companies on the M Ventures portfolio page also appear on the portfolio page of at least one other firm in this directory. Matched by company name across the firms' own lists.

FirmSharedCompanies in common
Pfizer Ventures5FoRx Therapeutics, Enara Bio, Storm Therapeutics, TRIMTECH Therapeutics, TwoStep Therapeutics
Applied Ventures3Metalenz, Electroninks, Lumiode
Intel Capital3Metalenz, ChEmpower, UNISERS
Koch Disruptive Technologies2Celestial AI, Polaris Electro-Optics
TDK Ventures2Metalenz, NovoLINC
Novartis Venture Fund2FoRx Therapeutics, NRG Therapeutics
Qualcomm Ventures2Medisafe, Wiliot
Sanofi Ventures2Medisafe, Nucleai
AMD Ventures1Celestial AI
Samsung Catalyst Fund1Celestial AI
Hitachi Ventures1NovoLINC
NTT DOCOMO Ventures1Wiliot

Companies backed by the most corporate VCs

Every company on the M Ventures list

86 companies, as listed on the firm's own website: 67 active, 19 exited.S3 Read the firm's list.

Active 67

  • Abselion
  • Actithera
  • Altoida
  • Anavo
  • Anjuna Security
  • Artios
  • Asceneuron
  • Astraveus
  • beeOLED
  • Biolinq
  • CellFE
  • ChEmpower
  • Concerto Biosciences
  • Corvic AI
  • Cyllene Therapeutics
  • DISCO Pharmaceuticals
  • DNA SCRIPT
  • Electroninks
  • Enara Bio
  • Ferroelectric Memory GmbH
  • Formo
  • FoRx Therapeutics
  • Future Fertility
  • Genopore
  • IKAS
  • Iktos
  • ImmuneBridge
  • iOmx Therapeutics
  • iOnctura
  • IonKraft
  • Kivu Bioscience
  • LabGenius
  • Lightcast
  • Lucidean
  • Medisafe
  • MemryX
  • Metalenz
  • Mosa Meat
  • Multitude
  • NanoSyrinx
  • NeoLogic
  • Neurable
  • Nouscom
  • NovoLINC
  • NRG Therapeutics
  • Nucleai
  • Nucleome
  • Outrun Therapeutics
  • Pacific Light & Hologram
  • PictorLabs
  • Plexium
  • Polaris Electro-Optics
  • PxE
  • Quintessent
  • Remepy
  • ReproNovo
  • Rewind
  • ribometrix
  • SEEQC
  • Storm Therapeutics
  • SynSense
  • Theolytics
  • Thintronics
  • TRIMTECH Therapeutics
  • TwoStep Therapeutics
  • UNISERS
  • Wiliot

Exited 19

  • Akili
  • Ambrx
  • Calypso Biotech
  • Celestial AI
  • EpiTherapeutics
  • F-Star Therapeutics
  • Forendo Pharma
  • Galecto Biotech
  • Immunitas
  • Immunorizon
  • Lumiode
  • ObsEva
  • Padlock Therapeutics
  • Prexton Therapeutics
  • Progyny
  • Synaffix BV
  • TIGNIS
  • Translate Bio
  • x.ilio Therapeutics

Fund vehicles

VehicleSizeYearNoteSource
M Ventures allocation (new investment by Merck KGaA)EUR 600M2021Dec 2021 release: EUR 600 millionS13
Healthcare-only allocation at earlier stageEUR 150MJavier Rodriguez bio: increased from EUR 150m Healthcare-only allocation to diversified EUR 600mS6

Recent rounds

DateCompanyRoundAmountLed by the firmSource
2026-09-16Polaris Electro-OpticsSeries BUSD 50MNoS4
2026-09-10TwoStep TherapeuticsSeries AUSD 62.5MNoS4
2026-07-07Cyllene TherapeuticsSeries CEUR 33MYesS4
2025-07-09ActitheraSeries AUSD 75.5MNoS14

History

  1. Inception of M Ventures.S1
  2. Hakan Goker joins M Ventures.S7
  3. Electronics, Frontier Tech and Sustainability and Life Science funds incepted.S6
  4. Merck KGaA expands M Ventures with a new EUR 600 million investment (8 Dec 2021).S13
  5. Javier Rodriguez becomes head of the Technology team.S6

Where sources disagree

  • Portfolio count: 86 company cards on the portfolio page (S3) vs 100+ total investments (home page) (S1) vs more than 100 companies (Javier Rodriguez bio) (S6). Page cards versus stated totals.S3S1S6

Official pages

Read the firm's own pages for current information.

Sources

  1. S1M Ventures homeFirm
  2. S2M Ventures teamFirm
  3. S3M Ventures portfolio (category and exit filters)Firm
  4. S4M Ventures news archive (2015 to 2026)Firm
  5. S5M Ventures contact (offices)Firm
  6. S6M Ventures: Javier Rodriguez bioFirm
  7. S7M Ventures: Hakan Goker bioFirm
  8. S8M Ventures: Bauke Anninga bioFirm
  9. S9M Ventures: Christian Patze bioFirm
  10. S10M Ventures: Christian Uhrich bioFirm
  11. S13M Ventures: Merck KGaA expands M Ventures with a new EUR 600 million investment (Dec 2021)Firm
  12. S14M Ventures: Actithera raises USD 75.5M Series AFirm

Disclaimer and corrections

Not affiliated. This page is not affiliated with, endorsed by or sponsored by M Ventures or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.

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