Internship Early-Stage Investment Team (f/d/m) (Fall 2025)

HV Capital is one of the leading early-stage and growth investors in Europe. With nine fund generations in 25 years and €2.8 bn in managed assets, HV Capital is one of the continent's most active investors. The investment team has many years of experience in identifying European startups with great potential for success. In addition to international success stories like Zalando, Delivery Hero, Sumup, and Depop, innovation leaders such as Enpal, Flixbus, Sennder, and Isar Aerospace are also part of the portfolio. HV Capital has invested in around 225 internet and technology companies, supporting startups with ticket sizes ranging from €0.5 to €60m. It is one of Europe's few venture capital firms that can finance startups through all growth phases. HV Capital has a team of more than 40 investment and operations professionals who provide a variety of perspectives and expertise across the venture capital landscape.

We are hiring one Early Investment intern in Munich: the position will start in Fall 2025. (Applications for the Spring cohort will open after August 5th)

What Will You Work On?

• Uncovering and Researching Potential Investments: You will investigate industry trends, gather relevant company data from media sources, and conduct thorough market research.

• Analysis and Hypothesis Development: You will demonstrate your financial acumen by developing financial models, analysing business plans, and creating investment hypotheses.

• Collaboration with Investment Managers: You will be involved in our deal flow, preparing for and attending meetings with potential portfolio companies, and assisting with portfolio management.

• Crafting Reports and Presentations: You will simplify complex data into clear presentations and reports for our investment team and management.

• Contributing to Our Knowledge Base: You will research specific topics to enhance our internal knowledge database and your learning.

• Relevant Experience: We welcome previous internships or work experience, esp. in top-tier consulting or startups - however, this is not a strict requirement as we value your analytical skills, ambition and inquisitiveness.

• Educational Background: You are currently pursuing or have completed a Master’s degree — or are in the final stages of a Bachelor’s or between degrees. Strong academic performance is valued, but not a strict requirement.

• An Enthusiastic Learner: We value intellectual curiosity, strategic mindset and a passion for startups

• Analytical Savvy: Demonstrate your ability to analyse complex information, draw conclusions, and make recommendations.

• Communication and Synthesis Skills: Can you simplify complex data into clear insights? Strong written and verbal communication skills are essential.

• Independent and Driven: We support an autonomous work environment where quick productivity and independence are critical.

• Language and Skills Proficiency: Proficiency in English is essential, while a working knowledge of German is beneficial. Strong skills in Microsoft Excel and PowerPoint are necessary.

Applications will close at the end of the day on August 5th.

Why Should You Join Us?   

In recent years, HV has nurtured over 80 interns, many of whom have launched their careers within our ecosystem. We are passionate about sharing our knowledge and cultivating future industry leaders.

We recognise that venture capital can seem like a "closed shop," and we are dedicated to changing this perception. Our selection process is designed to be inclusive, placing more emphasis on your responses to our screening questions than on your CV. Additionally, we use cognitive ability tests to give you an opportunity to showcase your skills.