Point Nine Capital

Point Nine Capital has established itself as one of Europe's most respected early-stage venture capital firms, building a reputation for identifying and nurturing B2B software companies that achieve significant scale. Founded in Berlin by Christoph Janz and other experienced operators, the firm has consistently focused on the intersection of software-as-a-service and marketplace businesses, developing deep domain expertise that has translated into strong portfolio performance. The firm's investment approach centers on companies with proven product-market fit and early revenue traction, typically investing between €250K and €5M in initial rounds. Point Nine's portfolio includes notable successes like Typeform, the form-building platform that grew to serve millions of users globally, and Delivery Hero, which became one of Europe's largest food delivery platforms before going public. Other significant investments include Algolia, the search-as-a-service platform, and Zendesk competitor Intercom, demonstrating the firm's ability to spot category-defining B2B software companies early. The firm operates with a lean partnership structure that allows for deep engagement with portfolio companies, providing not just capital but operational expertise in areas like go-to-market strategy, international expansion, and talent acquisition. Point Nine's geographic positioning in Berlin has proven strategic, allowing the firm to access both European and international deal flow while maintaining lower operational costs than traditional venture hubs like London or Silicon Valley. The firm has evolved its investment thesis over multiple funds, gradually moving upmarket while maintaining its core focus on B2B software and marketplaces. Point Nine's reputation for founder-friendly terms and long-term partnership approach has made it a preferred early investor for European entrepreneurs, while its track record has attracted limited partners seeking exposure to European venture opportunities. The firm's analytical approach to investment evaluation, including its public sharing of SaaS metrics and benchmarks, has contributed to its thought leadership position in the European venture ecosystem.