September 2026
Largest PE & VC Public Companies in Germany
Benchmark revenue and EBITDA valuation multiples for public comps like
Rocket Internet, Deutsche Beteiligungs, Deutsche Balaton, Sparta Invest and Scherzer.
 | Rocket Internet SE is a Germany-based company which provides software solutions. The company identifies internet and mobile business models and builds these either independently or invests in already existing companies. The company targets mainly new, underserved or untapped markets, in which new companies will be scaled to market leadership positions. It is focused on online business models to satisfy consumer needs across eCommerce, marketplace and financial technology sectors. Rocket Internet has flexible and scalable technology platform, which enables realizing several new projects per year in its five target regions Europe, Africa and Middle-East, Asia-Pacific, Russia and Commonwealth of the Independent States and Latin America. | -- | -- | $2.1B | $2.1B | 15.4x | 1.7x | ||
| Deutsche Beteiligungs AG is a private capital provider for mid-sized companies in the DACH region and Italy, operating two segments. The Fund Investment Services segment advises private equity funds the company initiates and debt funds managed by its subsidiary, ELF Capital. The Private Markets Investments segment uses the company’s capital to invest in private equity and debt in portfolio companies. It offers tailored equity and debt financing, including senior secured loans and flexible credit, supporting companies through growth and ownership changes. The focus is on established companies with scalable business models in IT services, industrial technology, energy, healthcare, and others. Management and services are based in Frankfurt, with offices in Milan and Luxembourg. | PE & VC+1 | $24 | -17% | $426M | $655M | 4.7x | 14.5x | |
| Deutsche Balaton AG is an investment company. The company's activities were divided into the segments Asset Management and Beta Systems. The Asset management segment focus of the investment activities of the Deutsche Balaton Group in the reporting period is on listed and unlisted company investments with a predominantly medium to long-term investment horizon, and The Beta Systems segment has been developing high-quality software products and solutions for the secure and efficient processing of large amounts of data, which support companies with complex IT structures in automating, securing and traceable their IT-supported business processes, and the company generated majority of its revenue from the Beta Systems segment. | $3,480 | +39% | $363M | $310M | 2.5x | 1.8x | ||
| Sparta Invest AG is a private equity firm based in Heidelberg. Its investment focus is on shares of small and medium-sized companies in Germany and abroad. Investments are generally made according to the principles of value investing with the goal of achieving a positive long-term overall return. | $30 | +36% | $145M | $96M | 29.4x | (13.2x) | ||
| Scherzer & Co AG is an investment company. The company's investments are security-oriented and opportunity-oriented which aims to build up the company's assets over the long term for shareholders. | $3 | +16% | $83M | $33M | 5.3x | 6.6x | ||
| GBK Beteiligungen AG is a investment company. The company provides capital for German companies. | $7 | +4% | $47M | $33M | 67.7x | 32.3x | ||
| Elbstein AG is an investment company. The company makes equity investments in smaller and medium-sized listed companies from the German linguistic area. | -- | -- | $36M | $37M | (45.8x) | - | ||
| Mountain Alliance AG engages in the e-commerce services and brands business in Germany. It offers a range of services along the e-commerce value chain from online marketing to Web development and logistics primarily to third-party customers. The company operates online shops for specific brands, offers Internet and television advertising and fulfillment services, and other services. Ecommerce Alliance operates in Germany and elsewhere in Europe. | $3 | +14% | $24M | $24M | 99.9x | (48.8x) | ||
| Private Assets SE & Co KGaA is a Hamburg-based investment company that specializes in corporate investments in special situations. It invests in companies with open succession issues, corporate spin-offs, and medium-sized companies that are currently underperforming. | $5 | +77% | $23M | $52M | 0.3x | 4.9x | ||
| Tokentus Investment AG invests in blockchain companies and also uses their know-how and their network to help these companies achieve breakthroughs and success. | PE & VC+1 | $1 | -46% | $7M | $6M | 218.1x | (3.0x) | |
| Deutsche Effecten- und Wechsel- Beteiligungsges AG is a Germany-based listed investment company that specializes in the selection, acquisition, development, and sale of tech companies. It focuses on asset management and companies whose technologies and business models have an impact on the future development of the financial industry. The company supports its portfolio companies with capital, expertise in corporate development, and its extensive network of experts. | $3 | -45% | $4M | $23M | - | (4.5x) | ||
| Finchain Capital Partners AG is an investment company. It focuses on investments in seed and series A and B company phases, as well as in investment phases that have above-average growth potential in the field of fintech, blockchain, and related technologies. | $3 | -6% | $4M | $4M | - | - | ||
| Coinix GmbH & Co KGaA is an investment company based in Hamburg, It invests in cryptocurrency and blockchain technology. | PE & VC+1 | $1 | -45% | $3M | $3M | 637.4x | (911.9x) | |
| Fonterelli GmbH & Co KGaA is an investment company and invests across industries in both unlisted and listed companies. The business model is the acquisition of investments and generating revenue in the form of dividends, interest, and sales of shares. It acquires structured investments for clients. | $1 | -3% | $2M | $488K | 2.0x | (1.6x) | ||
| Strategie Kapital AG invests sustainably in e-commerce. Its main focus is on companies with a focus on early-stage financial and financial services with a sharp strategic focus. | -- | -- | $661K | $640K | - | - | ||
| Dessixx AG is a German investment company for the global healthcare and wellness sector. The company focuses on early-stage investments in the healthcare and wellness sector. | -- | -- | $318K | $123K | ||||
| Auden AG invests in selected start-up ventures within its local region. It offers family offices, and institutional and private investors to participate in investment opportunities in a high-potential market. | $0 | -- | $6K | ($125K) | ||||
| Median | $3 | +0% | $23M | $24M | 10.3x | (1.6x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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