Oct 3, 2026 · 16 min · 10 segments
Hamburg-based Uplift Ventures, backed by intralogistics group Jungheinrich, launched a few weeks ago its inaugural €100M fund for European deep tech. It will back up to 20 late-Seed and Series A…
Christian NoskeGuestHostHostAnd I'm just curious in terms of the dynamic of a CVC, right? So I think your background is mainly as well in the CVC field.
So how the fund is set up, being independent from its backer, Jung Heinrich, and how does that work when you invest in a company? I mean, I'm assuming it has to have a fit for the main LP behind it, right? So it has to have solutions that can be applied.
But is that basically a deal breaker? It essentially needs to be fitting into the business or...
So Jungheinrich really has a long-term view on this and they're not looking at us as somebody that would close gaps or find solutions just to, we have this problem, please find us something.
I started with BMW iVentures 15 years ago and we went through that kind of growing up from very much on the balance sheet to then independent fund.
It's independent decision making, Luxembourg based fund, carry all the things.
So I did the same then for Renault, Nissan, Mitsubishi, 3LP fund, again, carry and all the things that you have to have to be really on the same page with a founder.
Not so much because we want to be then financially incentivized, but more the founder needs to feel that if he loses, we lose.
A fund with a carrier and all the things that you have to have to be well operating.
It does not need to get business unit buy-in or any of the other traps that make us slow.
And I'm just curious in terms of the dynamic of a CVC, right? So I think your background is mainly as well in the CVC field.
So how the fund is set up, being independent from its backer, Jung Heinrich, and how does that work when you invest in a company? I mean, I'm assuming it has to have a fit for the main LP behind it, right? So it has to have solutions that can be applied.
But is that basically a deal breaker? It essentially needs to be fitting into the business or...
So Jungheinrich really has a long-term view on this and they're not looking at us as somebody that would close gaps or find solutions just to, we have this problem, please find us something.
I started with BMW iVentures 15 years ago and we went through that kind of growing up from very much on the balance sheet to then independent fund.
It's independent decision making, Luxembourg based fund, carry all the things.
So I did the same then for Renault, Nissan, Mitsubishi, 3LP fund, again, carry and all the things that you have to have to be really on the same page with a founder.
Not so much because we want to be then financially incentivized, but more the founder needs to feel that if he loses, we lose.
A fund with a carrier and all the things that you have to have to be well operating.
It does not need to get business unit buy-in or any of the other traps that make us slow.
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