Picus Capital

Munich, Germany · Generalist
Tier 2 Industrial

Bio

Picus Capital Picus Capital has scaled rapidly: Fund II closed at €250M (hard cap, 2.5x larger than its predecessor), and total AUM across the investment group exceeds €1.5B. A recent €150M preferred equity investment from Carlyle AlpInvest (December 2025) signals institutional validation. The portfolio of 203 companies includes 6 unicorns (Personio, Deel, Clara, Enpal), 1 IPO, and 16 acquisitions, deployed from 9 offices across 20+ countries. The early-stage focus (pre-seed through Series A) sp

Industries

AI InfrastructureAI InfrastructureClimate Tech

Stages

Pre-SeedSeed

Geography

EuropeUS

Notable investments

  • Personio
  • Deel
  • Clara