Backing AI-native
companies
that matter.

FSR invests in and supports exceptional founders building AI-native Service, Software and Infrastructure companies in Europe.

Get in touch Our approach
FSR

What we do

Invest
Pre-Seed to Seed

We back exceptional founders with capital and conviction at the earliest stages.

Build
Hands-on support

We work alongside founders to solve real problems and create lasting value.

Scale
Long-term perspective

We stay the course — focused on sustainable growth and enduring companies.

Our Focus

Complex markets.
Real impact.
Enduring companies.

We prefer complex markets over easy ones.

Markets
Large, growing & complex
B2B-first, regulated industries
Technology
Fit for a mature AI environment
AI-native, not AI-bolted-on
Founders
Ambitious and resilient
Operators with skin in the game
Investment Focus

Our
Investment
Focus

Investment Stage
Pre-Seed & Seed
Earliest conviction bets
Role
Lead & Co-Investor
Conviction drives the role
Geography
Europe
DACH focus, pan-European reach

Portfolio

We partner with outstanding teams building the future of software and infrastructure.

View all
fi
Fincite
Wealthtech

Leading Software for Advisors and Wealth Managers.

Founded✓ Exit to Harvest
Co
Companyon
B2B SaaS

Controlling Platform for the German Mittelstand.

Investor
MH
Metalshub
B2B Marketplace

Marketplace & Software for Trading of Metals.

Investor
EG
Evergreen
Fintech

Full-fledged B2C Asset Manager & Robo Advisor with B2B.

Investor
Ca
Captiq
Fintech

Digital lending platform for real estate investment.

Investor
TFS
TraFinScout
Fintech

Connecting SMEs with trade finance and alternative lending.

Investor
Gi
Goio Data
Data & AI

AI-powered data intelligence for financial institutions.

Investor
LV
LeanVal
Valuation Tech

Automated valuation software for funds and asset managers.

Investor
Ia
Ianua
Proptech

Real estate transaction platform for institutional investors.

Investor
TIIB
TIIB
Fintech

Digital banking infrastructure for regulated financial products.

Investor
iVC
inVenture
Venture Capital

Fund of Funds democratizing VC access for private investors.

Co-Founded
+ More

Company Deep Dives

Behind each investment is a compelling model and a team building in a complex market.

WealthTech  ·  Founded & Exited

Fincite → Harvest

Fincite built the leading modular software platform for wealth advisors, private banks and family offices — digitizing the full advisory process from client onboarding to MiFID-compliant reporting. Acquired by Harvest, creating one of Europe's leading WealthTech groups.

300+
Financial institutions
Modular
SaaS architecture
Exit
Acquired by Harvest
Visit Fincite
What made it special
Modular SaaS architecture — banks adopt individual components, dramatically lowering the barrier to digital transformation.
The market insight
European banks spending billions on legacy wealth systems. A modern SaaS layer replaces it at a fraction of the cost.
FSR role
Founded by Ralf Heim. FSR involved from day one through to successful exit to Harvest, Europe's WealthTech leader.
Venture Capital  ·  Co-Founded

inVenture Capital

inVenture is a Fund of Funds giving private investors access to Europe's best VC funds — previously reserved for institutional LPs. Through a 100% digital platform, investors gain diversified exposure to top-tier funds like Project A, Earlybird and EQT Ventures.

25+
VC Funds accessible
100%
Digital LP process
<3min
To qualify
Visit inVenture
What made it special
First fully digital LP experience for VC fund-of-funds in Germany — turning an opaque asset class transparent and accessible.
The market insight
HNWIs follow startup news daily but cannot access the deals. inVenture creates the infrastructure to change that at scale.
FSR role
Co-founded by the FSR team. Active board involvement in platform development, regulatory structure and investor relations.
B2B SaaS  ·  Investor

Companyon

Companyon is the modern controlling and financial planning platform for German SMEs. Where Excel breaks down, Companyon delivers: automated P&L, live budget vs. actual, liquidity forecasting and bank-ready reporting — connected to DATEV with zero implementation cost.

3.5M
SME market DE
DATEV
Native integration
SaaS
Cloud-native
Visit Companyon
What made it special
Plug-and-play DATEV integration with zero implementation cost — instant time-to-value for any SME CFO or tax advisor.
The market insight
3.5M German SMEs run finances on Excel. The CFO stack for large enterprises needs a native SME alternative.
FSR role
Early investor. FSR supported go-to-market through accounting and advisory firm channels across Germany.
B2B Marketplace  ·  Investor

Metalshub

Metalshub is the leading digital platform for procurement and trading of metals globally. In an industry still dominated by phone calls and spreadsheets, Metalshub introduces transparent price discovery, digital auctions, contract management and real-time inventory — covering steel, aluminum and specialty metals.

$1T+
Addressable market
Global
Buyer & seller network
3-in-1
Procure/Sell/Toll
Visit Metalshub
What made it special
Combined marketplace + SaaS for buyers and sellers — creating a data network effect as more transactions migrate to the platform.
The market insight
Metals trading is one of the last major commodity markets without a dominant digital layer. First-mover advantage is enormous.
FSR role
Early investor. FSR supported international expansion and development of the SaaS layer alongside the marketplace.

The Founders

Operators, builders and investors. United by a passion for technology and exceptional companies.

Ralf Heim
Ralf Heim
Founder, Investor

Serial entrepreneur and co-founder of fincite, the leading European wealth management software platform acquired by Harvest. Focused on building and scaling AI-native software companies in regulated industries.

Friedhelm Schmitt
Friedhelm Schmitt
Founder, Investor

Seasoned finance executive with deep expertise in strategy, capital markets and value creation. Focused on building lasting partnerships and sustainable business models across European markets.

Stefan Post
Stefan Post
Founder, Investor

Technology entrepreneur with proven expertise in scaling products and organizations. Focused on execution excellence and building engineering-led businesses that compound over time.