Bitstone Capital

Profile

Bitstone Capital is a Cologne-based venture capital firm focused on investing in innovative and sustainable technology companies in the construction and real estate sectors. Established by founders Kai Panitzki, a former media executive with expertise in finance and communications, and Manfred Heid, who has a background in private equity, the team offers deep industry knowledge and a strong network to support portfolio companies. Bitstone Capital sets itself apart with its commitment to catalyzing growth through its extensive experience in both company building and the traditional real estate market.

They specialize in Real Estate Technology and Construction Technology (PropTech and ConTech), focusing on sub-sectors such as digitalization of construction processes, efficient building operations, real estate financing and transaction platforms, and climate solutions aimed at reducing greenhouse gas emissions. Their investment typically ranges from early-stage rounds to Series B, with check sizes generally falling between $1-5 million. To date, Bitstone Capital has successfully managed two funds under its own name and is currently promoting a new fund through Realyze Ventures.

Notable investments by Bitstone Capital include Okibo - robotics for construction, Optiml - AI for construction sectors, and Alcemy - advanced cement technology. Other significant portfolio companies comprise PlanCraft, Node Energy, and Green Fusion. These collaborations reflect Bitstone's strategic involvement in driving technological advancement in its core sectors.