Latest News: Mountain Alliance AG further expands portfolio in the Defence Tech sector with investment in MindGuard AG
Latest News: Mountain Alliance AG further expands portfolio in the Defence Tech sector with investment in MindGuard AG
A German Venture Capital company
Strategic investment in digital growth companies - built to generate long-term value, not just hold stakes. We back scalable tech businesses and help turn potential into performance.
Our Portfolio
Our Portfolio
"We invest in companies
that shape the world of tomorrow."

Dr. Hans Ulrich Tetzner
Manegement Board
"We invest in companies
that shape the world of tomorrow."

Dr. Hans Ulrich Tetzner
Manegement Board
"We invest in companies
that shape the world of tomorrow."

Dr. Hans Ulrich Tetzner
Manegement Board
"We invest in companies
that shape the world of tomorrow."

Dr. Hans Ulrich Tetzner
Manegement Board
We provide access to digital value creation through a listed, evergreen vehicle — with a strategic focus on Defense Tech.

Dr. Hans Ulrich Tetzner
Management

Dr. Hans Ulrich Tetzner
Details

Dr. Hans Ulrich Tetzner
Management

Dr. Hans Ulrich Tetzner
Details

Dr. Hans Ulrich Tetzner
Management

Dr. Hans Ulrich Tetzner
Details

Dr. Hans Ulrich Tetzner
Management

Dr. Hans Ulrich Tetzner
Details

Dr. Cornelius Boersch
Chairman

Dr. Cornelius Boersch
Details

Dr. Cornelius Boersch
Chairman

Dr. Cornelius Boersch
Details

Dr. Cornelius Boersch
Chairman

Dr. Cornelius Boersch
Details

Dr. Cornelius Boersch
Chairman

Dr. Cornelius Boersch
Details

Daniel Wild
Vice Chairman

Daniel Wild
Details

Daniel Wild
Vice Chairman

Daniel Wild
Details

Daniel Wild
Vice Chairman

Daniel Wild
Details

Daniel Wild
Vice Chairman

Daniel Wild
Details

Daniel S. Wenzel
Board Member

Daniel S. Wenzel
Details

Daniel S. Wenzel
Board Member

Daniel S. Wenzel
Details

Daniel S. Wenzel
Board Member

Daniel S. Wenzel
Details

Daniel S. Wenzel
Board Member

Daniel S. Wenzel
Details
Investment
Approach
We facilitate public investors’ participation in European Tech value creation
Our Venture Capital Approach
Our Venture Capital Approach
Our Venture Capital Approach
Our Venture Capital Approach


Reduced Risk
Investment in existing, well-diversified, comparatively mature portfolio
Investment in "blind pool" of (early stage) assets
Cost
Efficient
Reduced OPEX through dividends / profit transfer from fully consolidated companies
2% Management fee + 20% carried interest
Flexible
Individual shareholding volume and timespan
At least 8+2(+x) years until fund liquidation and minimum ticket size
Convenient
Listed share on Xetra, Frankfurt, Munich
Time consuming KYC / QIB process


Many value Creators in One Share
Value Creators in
One Share
Many value
Creators in One Share
One share of Mountain Alliance contains years of investment expertise and a well diversified portfolio of technology driven disruptors
We back our most promising companies with all our resources
What we
invest in
01
Disruption
We invest in digital, disruptive and scalable businesses driven by passionate teams
02
Growth
We invest in growth companies
that generate significant revenues
03
Profitability
We invest in companies following a visible and credible path to profitability
04
Maturity
We invest in companies with an exit horizon of 4-6 years
01
Disruption
We invest in digital, disruptive and scalable businesses driven by passionate teams
02
Growth
We invest in growth companies
that generate significant revenues
03
Profitability
We invest in companies following a visible and credible path to profitability
04
Maturity
We invest in companies with an exit horizon of 4-6 years
01
Disruption
We invest in digital, disruptive and scalable businesses driven by passionate teams
02
Growth
We invest in growth companies
that generate significant revenues
03
Profitability
We invest in companies following a visible and credible path to profitability
04
Maturity
We invest in companies with an exit horizon of 4-6 years
01
Disruption
We invest in digital, disruptive and scalable businesses driven by passionate teams
02
Growth
We invest in growth companies
that generate significant revenues
03
Profitability
We invest in companies following a visible and credible path to profitability
04
Maturity
We invest in companies with an exit horizon of 4-6 years
How we
invest
How we
invest
01
Discipline
We pursue accretive acquisitions by buying portfolios to discount to NAV
02
Network
We leverage the Mountain Partners and Mountain Alliance network to access to a large number of interesting portfolios
03
Diversification
We invest in portfolios which contain companies that we already hold shares in rather than single assets
04
Synergy
We actively seek targets that can be accelerated with existing service companies
01
Discipline
We pursue accretive acquisitions by buying portfolios to discount to NAV
02
Network
We leverage the Mountain Partners and Mountain Alliance network to access to a large number of interesting portfolios
03
Diversification
We invest in portfolios which contain companies that we already hold shares in rather than single assets
04
Synergy
We actively seek targets that can be accelerated with existing service companies
01
Discipline
We pursue accretive acquisitions by buying portfolios to discount to NAV
02
Network
We leverage the Mountain Partners and Mountain Alliance network to access to a large number of interesting portfolios
03
Diversification
We invest in portfolios which contain companies that we already hold shares in rather than single assets
04
Synergy
We actively seek targets that can be accelerated with existing service companies
01
Discipline
We pursue accretive acquisitions by buying portfolios to discount to NAV
02
Network
We leverage the Mountain Partners and Mountain Alliance network to access to a large number of interesting portfolios
03
Diversification
We invest in portfolios which contain companies that we already hold shares in rather than single assets
04
Synergy
We actively seek targets that can be accelerated with existing service companies
Share Price Development
ECF chart by TradingView
Share Information
Share Information
01
ISIN
DE000A12UK08
WKN
A12UK0
Tickersymbol
ECF
Share category
Registered shares
Industry
Information technology
Total number of shares
7’569’205
Share capital
EUR 7’569’205,00
Shareholder structure
Mountain Partners AG (47.9%)
Roots Capital (8.3%)
Reitham Equity GmbH (7.5%)
PEN GmbH (7.4%)
Tiburon Unternehmensaufbau GmbH (4.0%)
Stock exchange listing
m:access (Freiverkehr) at Börse München
Basic Board (Open Market) at Frankfurter Wertpapierbörse
Specialist
Baader Bank AG
Emission expert
Small & Mid Cap Investmentbank AG
Designated Sponsor
BankM AG
01
ISIN
DE000A12UK08
WKN
A12UK0
Tickersymbol
ECF
Share category
Registered shares
Industry
Information technology
Total number of shares
7’569’205
Share capital
EUR 7’569’205,00
Shareholder structure
Mountain Partners AG (47.9%)
Roots Capital (8.3%)
Reitham Equity GmbH (7.5%)
PEN GmbH (7.4%)
Tiburon Unternehmensaufbau GmbH (4.0%)
Stock exchange listing
m:access (Freiverkehr) at Börse München
Basic Board (Open Market) at Frankfurter Wertpapierbörse
Specialist
Baader Bank AG
Emission expert
Small & Mid Cap Investmentbank AG
Designated Sponsor
BankM AG
01
ISIN
DE000A12UK08
WKN
A12UK0
Tickersymbol
ECF
Share category
Registered shares
Industry
Information technology
Total number of shares
7’569’205
Share capital
EUR 7’569’205,00
Shareholder structure
Mountain Partners AG (47.9%)
Roots Capital (8.3%)
Reitham Equity GmbH (7.5%)
PEN GmbH (7.4%)
Tiburon Unternehmensaufbau GmbH (4.0%)
Stock exchange listing
m:access (Freiverkehr) at Börse München
Basic Board (Open Market) at Frankfurter Wertpapierbörse
Specialist
Baader Bank AG
Emission expert
Small & Mid Cap Investmentbank AG
Designated Sponsor
BankM AG
01
ISIN
DE000A12UK08
WKN
A12UK0
Tickersymbol
ECF
Share category
Registered shares
Industry
Information technology
Total number of shares
7’569’205
Share capital
EUR 7’569’205,00
Shareholder structure
Mountain Partners AG (47.9%)
Roots Capital (8.3%)
Reitham Equity GmbH (7.5%)
PEN GmbH (7.4%)
Tiburon Unternehmensaufbau GmbH (4.0%)
Stock exchange listing
m:access (Freiverkehr) at Börse München
Basic Board (Open Market) at Frankfurter Wertpapierbörse
Specialist
Baader Bank AG
Emission expert
Small & Mid Cap Investmentbank AG
Designated Sponsor
BankM AG
Performance



Company Presentation
Company Presentation
22/06/2025
22/06/2025
Financial
Calendar

Publication Annual Report 2025
May 2026

Publication Annual Report 2025
May 2026

Publication Annual Report 2025
May 2026

Publication Annual Report 2025
May 2026
Equityforum Spring Conference
May 12-14th 2025
Frankfurt / Main
Equityforum Spring Conference
May 12-14th 2025
Frankfurt / Main
Equityforum Spring Conference
May 12-14th 2025
Frankfurt / Main
Equityforum Spring Conference
May 12-14th 2025
Frankfurt / Main

Annual General Meeting
July 2025

Annual General Meeting
July 2025

Annual General Meeting
July 2025

Annual General Meeting
July 2025

Publication Half - Year Report 2026
September 26th 2026

Publication Half - Year Report 2026
September 26th 2026

Publication Half - Year Report 2026
September 26th 2026

Publication Half - Year Report 2026
September 26th 2026
Hamburger Investorentag
August 27-28th 2025
Hamburg
Hamburger Investorentag
August 27-28th 2025
Hamburg
Hamburger Investorentag
August 27-28th 2025
Hamburg
Hamburger Investorentag
August 27-28th 2025
Hamburg

German Equity Forum
November 24-26th 2025
Frankfurt / Main

German Equity Forum
November 24-26th 2025
Frankfurt / Main

German Equity Forum
November 24-26th 2025
Frankfurt / Main

German Equity Forum
November 24-26th 2025
Frankfurt / Main
We focus on
Growth financing
We invest in companies
that shape the world of tomorrow.
Let´s go
Let´s go
Let´s go
Let´s go


Early
stage
We do not invest early stage
Growth
We support your expansion
and internationalization
Flexible
We back our winners all the
way to IPO or exit
Secondary
We prefer to acquire entire portfolios
We offer strategic, operational and financial support
Public market access
We establish our assets’ brands at public investors
Flexibility
We are not tied to fund life cycles. We provide capital synchronized with our companies’ developments
Entrepre-neurial experience
We founded companies ourselves and guided them (some of them) all the way to IPO
Digital business services
Our companies get preferred access to our digital business services
What we
invest in
01
Disruption
We invest in digital, disruptive and scalable businesses driven by passionate teams
02
Growth
We invest in growth companies
that generate significant revenues
03
Profitability
We invest in companies following a visible and credible path to profitability
04
Maturity
We invest in companies with an exit horizon of 4-6 years
01
Disruption
We invest in digital, disruptive and scalable businesses driven by passionate teams
02
Growth
We invest in growth companies
that generate significant revenues
03
Profitability
We invest in companies following a visible and credible path to profitability
04
Maturity
We invest in companies with an exit horizon of 4-6 years
01
Disruption
We invest in digital, disruptive and scalable businesses driven by passionate teams
02
Growth
We invest in growth companies
that generate significant revenues
03
Profitability
We invest in companies following a visible and credible path to profitability
04
Maturity
We invest in companies with an exit horizon of 4-6 years
01
Disruption
We invest in digital, disruptive and scalable businesses driven by passionate teams
02
Growth
We invest in growth companies
that generate significant revenues
03
Profitability
We invest in companies following a visible and credible path to profitability
04
Maturity
We invest in companies with an exit horizon of 4-6 years


















