GHARAGE Ventures Fund I

About GHARAGE Ventures Fund I

Berlin and Singapore-based fund anchored by Gebr. Heinemann. €40M Fund I targets ~30 seed to Series A investments in travel retail, airport operations, logistics, and AI-enabled commerce.

Investment Focus

Location / RegionGermany

Funding StageSeed

Industry Focus

Ai Ml

Supply Chain

Travel Tech

Investor Signals Profile

active

Sweet Spot

B2B founders digitizing airport retail, duty-free, or travel supply chain in Europe or Southeast Asia

travel-retail-tech

airport-infrastructure

B2B-enterprise

logistics-automation

AI-operations

Bullish Signals

€40M Fund I already has portfolio companies and six-year operating historyblog

Gebr. Heinemann anchor LP provides immediate commercial pilot access across 100+ countriesblog

$100B+ travel retail market still running on 1990s legacy infrastructureblog

Dual Berlin-Singapore hub captures Europe and fastest-growing APAC aviation marketblog

Bridges startup output to global industry leader needsexternal

Ecosystem access pitch: unparalleled global industry networkwebsite

Dual value prop: founder advantage + LP tech resiliencewebsite

Deep operational expertise bridges startups to industry leaderswebsite

Contrarian Signals

30 portfolio companies across two continents risks thin team bandwidthblog

Fund rejects consumer travel apps — strictly enterprise infrastructure onlyblog

Highly niche thesis limits addressable deal flow outside travel retail verticalblog

Founder Do's

Target airports, duty-free operators, inflight retailers or airport logistics as primary customer

Emphasize automation, reconciliation, or digital infrastructure use cases

Leverage Heinemann network angle — show fit with operator ecosystem

Position as enterprise infrastructure play, not consumer travel app

Highlight Southeast Asia or European travel retail traction or relevance

Founder Don'ts

Pitch consumer-facing travel booking or accommodation products

Approach without a clear B2B enterprise operator customer in mind

Ignore the cross-border logistics or supply chain complexity of travel retail

Key GPs & Partners

Lennard Niemann

Managing Partner

ex-founderthesis-drivenhands-on

Darren Soh

Co-Founder / Partner

thesis-drivencommunity-builder

Kilian von Berlichingen

Co-Founder / Partner

thesis-drivenhands-on

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Fund Overview

Fund Size€40M

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Website

Key People

Lennard Niemann, Darren Soh

Lennard NiemannManaging Partner

Darren SohCo-Founder / Partner

Kilian von BerlichingenCo-Founder / Partner