The Financial Infrastructure Enabling Vsquared To Invest In Deep Tech At Scale

When Patrick Hümmer joined Vsquared in early 2023, the Munich-based VC firm was just entering a pivotal phase. Known for backing founders who engineer the seemingly impossible, Vsquared focuses on new computing & sensing, AI & next-gen software, energy transition, new space, robotics & manufacturing, and tech-bio. 

What it needed was to scale its financial infrastructure so that it could keep pace with funds’ growth.

From Banker to Founder to Deep-Tech CFO

Before Vsquared, Patrick built his career in banking and corporate finance—and even founded a cap-table and financial analysis company. His background prepared him to scale the firm’s financial backbone.

I came in to elevate the groundwork - foundational finance, fund structuring, regulatory compliance - to the needed structure for the growing fund and now I’m focused on scaling strategic operations as Vsquared further evolves,

he explains, reflecting on the journey at  the fund.

Building a Finance Platform for Frontier Ventures

By mid-2023, Patrick had defined a modular, tech-powered stack. A future-ready financial ecosystem now includes:

• Vestlane for LP onboarding, KYC/AML, digital subscriptions, and unified investor data
• Integrated LP portal and fund-accounting systems
• Audit trails, cap tables, and structured reporting frameworks

These systems manage complex capital structures—several Funds, SPVs, pan-European LPs, cross-border regulatory requirements—all while enabling agility.

Vestlane: The LP Data Backbone

Patrick highlights Vestlane’s impact:

From collecting investor data, generating subscription documents, to compliant ID workflows—Vestlane gave us a real-time, audit‑ready single source of truth.

Familiarity among LPs meant reduced onboarding friction—and the platform continues to support fundraising, due diligence, and post-close compliance.

A Record-Breaking Second Fund

Just months later, Vsquared closed Fund II in June 2024—raising €214 million, well above its €165M target. This became the largest early-stage deep-tech fund in Europe, bringing total AUM to ~€450M. The fund backs ~40 companies with ticket sizes from €500k–€5M, intentionally reserving significant capacity for follow‑on rounds.

Investing Where Others See Risk

Vsquared stays true to its thesis: invest early in technologies validated in the lab—like new computing, biotech, robotics, energy, AI and space—that are ready for their scaling journey to become global market leaders and industry disruptors. While R&D timelines may vary, success is often rapid once these breakthrough technologies reach market, and Patrick’s finance framework ensures the firm is ready for that scale.

Portfolio highlights include Isar Aerospace, IQM Quantum, Zama, Neura Robotics, Cylib, The Exploration Company, Synthara, ConstellR, and more. 

Scaling for Europe—and Beyond

Headquartered in Munich and investments across Europe and the globe, Vsquared is entering a new phase. 

Patrick notes the challenge:

As our funds, SPVs, and portfolio grow significantly, we need systems that scale—across borders, with clean audit trails and full compliance.

Thanks to Vestlane and the broader finance stack, Vsquared can engage LPs across the world seamlessly and maintain regulatory rigor—without sacrificing speed.

The Power of Aligned Infrastructure

Vsquared’s success illustrates a critical insight: deep-tech VC demands bespoke, scalable finance systems. When technology is ambitious, the infrastructure must be too. By combining institutional-grade tools with his own financial leadership, Patrick has played a key role in supporting Vsquared’s growth by aligning its financial infrastructure with the evolving scale of the fund.