— Generations Fund

We empower consumer focused and enabling companies to create a more sustainable future

Megatrends in the FMCG industry


Good for the planet

Organic & Buy Natural

Good for you


Good for trust & convenience

Transparent value chain

Good for your consciousness

We see a massive innovation by smaller companies. Large incumbents are not able to address shifting trends due to a lack in flexibility, talent, and willingness to take risks. They prefer to acquire already proven business models.

Our focus

We invest in early stage consumer facing and enabling technology companies across Europe & Israel. Our initial ticket size ranges from € 0.1m – 0.5m, targeting Pre-Seed to Series A investments.


Meet the team

Christof Wahl

Founding Partner

Christof looks back to a long career in the tech sector, both from an operational and an investing perspective. After graduating from TU Munich he started working at Siemens, ultimately becoming president of Siemens Carrier Networks in the early 2000s. After its buy-out from Deutsche Telekom by Apax Partners, Goldman Sachs and Providence Equity, Christof became CEO at Kabeldeutschland. In 2007 he raised his own Private Equity Fund called Management Capital Holding targeting buy-outs in media companies across Europe. From 2015 until 2018 Christof was COO and CDO at ProsiebenSat1 Group responsible for their digital investment activities. Prior to founding G-Fund, he spent three years as CDO at Upfield, a multi-billion dollar buyout of KKR from Unilever. When not working, Christof is traveling to Costa Rica or Greece lifting his soul with Yoga or meditation.

Konstantin Urban

Founding Partner

“Tino” is an entrepreneur and seasoned VC investor who founded Holtzbrinck Ventures (now HV Capital) in the early 2000s. After notable investments and exits in companies such as Zalando, Parship and bol.com he went on founding his own company in 2010. The e-commerce start-up for baby and children’s products, called windeln.de, was listed on the Frankfurt Stock Exchange only five years after its foundation. In 2019 Tino became Partner and Managing Director at BCG Digital Ventures where he focused on founding consumer start-ups for large corporations. Next to his role at G-Fund, he is on the board of 42CAP and Jack Russel Consulting. During his freetime Tino loves to play a Fantasy Football Game with his friends, which he invented and subsequently sold to Kicker Magazine and analyse tech stocks.

Sebastian Wahl

Founding Partner

Sebastian is a scientist at heart who, together with Carl-Philipp, founded his own direct-to-consumer startup in the microbiome space. The company, mybacs, was one of the first investments by our Generations Fund. He studied pharmaceutical sciences at ETH Zurich focusing his research on the human microbiome. After graduating he started to work at FOGPharma in Boston, participating in the development of a new cancer treatment. Prior to founding mybacs he held positions at BCG, Strategy& and Life Sciences Partners, a VC targeting life science investments. Sebastian is a passionate traveler and mediocre chess player.

Carl-Philipp von Polheim

Founding Partner

“Phil” is a heartfelt founder with a background in finance. Along with Sebastian, he founded mybacs, a direct-to-consumer microbiome startup. Among others G-Fund is an investor at mybacs. He holds a bachelor’s degree from European Business School, Oestrich-Winkel and a master’s degree from ESCP Europe. Phil worked in private equity at AUCTUS Capital Partners and conducted tech M&A transactions at the US investment bank Drake Star Partners. Afterwards he commenced his entrepreneurial career as an entrepreneur in residence for FinCompare, a German FinTech startup. When not at his desk, Phil loves a good glass of red wine with his friends. He is a strong supporter of FC Bayern Munich.