henQ

henQ invests in B2B software companies led by European founders, with initial tickets up to €10M. It targets seed and Series A rounds and makes roughly two new investments per year. The firm states a preference for companies in unglamorous markets or with atypical business models, and emphasises low dilution and founder autonomy rather than board control. henQ 5 is expected to back 8-12 companies over a five-year deployment period.

€67.57M (henQ 5 first close, November 2025, against a €90M target) AUM 68/100 Power Score™ - Founded Amsterdam, Netherlands
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Signature Exit

Mendix (acquired by Siemens, 2018)

Key Partners & Leadership

Partner
Partner
Partner
Principal

Firm Timeline

2018
Portfolio company Mendix acquired by Siemens for over $700M.
2020
Announced henQ 4 with a €70M first close.
2025
Announced henQ 5 with a €67.57M first close against a €90M target.