G+D Ventures

G+D Ventures is the corporate venture capital arm of Giesecke+Devrient, a global security technology company. Active since 2018 and based in Munich, Germany, the firm was founded by experienced venture capitalists and has established a 50 million euro co-investment vehicle with the European Investment Bank and G+D, dedicated to early-stage European TrustTech startups across the EU-27. The team includes partners Assaf Shamia, formerly of Carmel Ventures and Viola Group and previously at Siemens VC, and Dr. Michael Hochholzer, who has been active in venture capital since 2001 and was formerly Managing Partner at Siemens VC and investment manager at Infineon Ventures and Baytech VC. TrustTech, the firm's proprietary investment category, extends the traditional definition of cybersecurity to include technologies across four layers: digital infrastructure including cybersecurity, secure data collaboration, and privacy-preserving techniques; identity including KYC, authentication, and identification; regulatory technology including anti-money laundering and anti-fraud; and ethical AI including deepfake detection and fake news detection. The firm invests at seed and Series A, leading rounds, and has made 17 investments. Named portfolio companies include Blockbrain, an AI knowledge management company that raised a 17.5 million euro Series A; Roseman Labs, a secure data collaboration company backed in September 2025; FNA, a financial network analytics company focused on CBDC simulation; and Tremau. Notable exits include IDnow, an identity verification company acquired by Corsair Capital in one of the largest German fintech exits, and Brighter AI, a data anonymization company acquired by Milestone Systems in April 2025. G+D Ventures also publishes the European TrustTech Report, an annual assessment of the sector that reinforces the firm's position as an authoritative voice in the emerging digital trust ecosystem. This thought leadership, combined with G+D's operational expertise in secure communications and identity technology, gives portfolio companies access to both capital and deep industry credibility.