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Alstin Capital

MunichALSTIN-CAPITAL
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Dossier Summary

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Classification
Slugalstin-capital
HQMunich
Stage FocusSeries A focused B2B software investor targeting €2-7M in…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

Alstin is the B2B software fund equivalent of a well-connected sales veteran who actually knows how to scale companies post-investment. Maschmeyer's AWD background gives them real operational chops in building enterprise sales machines, not just writing checks. Their €175M Fund III oversubscription and 90% LP retention speaks to actual returns, not just marketing. The team genuinely shows up at every relevant European SaaS conference and seems to know the ecosystem inside out. However, this is very much Maschmeyer's show - he's the brand and the deal flow. The focus on DACH region means they understand local market dynamics but may lack Silicon Valley-style growth mentality for truly global scaling.

KEY TAKEAWAYS
  • Best for: B2B SaaS founders who want genuine sales/marketing expertise, not just money
  • Watch out for: Heavy dependence on Maschmeyer's personal brand and network
  • Known for: Actually helping portfolio companies build enterprise sales operations post-investment
Investment Thesis

Alstin Capital focuses on B2B software companies that can leverage significant market opportunities and become market leaders. They believe in backing founders with expertise in scaling companies through sales, marketing, and international expansion strategies.

Stage & Sector Focus

Series A focused B2B software investor targeting €2-7M initial investments in European companies, with follow-on capacity up to €15M. Real portfolio shows strong focus on fintech, insurtech, regtech, cybersecurity, and enterprise software across DACH region and broader Europe.

Notable Portfolio
Klarna (unicorn/IPO)BlacklaneRazor Group (unicorn)UsercentricsPliantDeskbirdNect
Key Partners
Carsten Maschmeyer
Managing Partner & Founder

Serial entrepreneur who built and sold AWD (Europe's largest independent financial services firm) to Swiss Life for significant exit. Known for hands-on sales expertise and strong network from his financial services background. Also runs seed + speed Ventures and appears as investor on German TV shows.

Sophie Tribius
Principal

Active at SaaS conferences and industry events, appears to be Alstin's go-to person for SaaS deals and market intelligence. Regularly represents the fund at major European startup events like ARRtist Summit and SaaStock.

Andreas Schenk
Principal

Former Venture Partner at Seventure Partners and Investment Manager at Enjoyventure Management. Brings institutional VC experience to the team and handles international expansion, frequently traveling to startup hubs across Europe.

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