MRRPhysical AI
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INV Venture capital

Black Forest Ventures

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Family-backed early-stage VC with German industrial heritage providing patient capital for deep tech in advanced manufacturing, industrials, AI, and the physical world; operates via a single-LP structure.

HeadquartersThe Woodlands, US

Portfolio2 companies

Cited round volume$63M

Cited rounds3

01

Physical AI portfolio

Round-by-round participation

AgtonomyRobot maker · registered · corporate

2025-10-28Series B$18MSource

2024-10-16Series A$33MSource

Anyware RoboticsRobot maker · registered · corporate

2025-03-13Seed$12MSource

02

Source ledger

3 unique public sources

Agtonomy Secures $18 Million Series B to Accelerate Physical AI Adoption in Off-Road IndustriesAgtonomy · retrieved 2026-07-05

Agtonomy Closes $32.8M Series A to Accelerate AI-Driven Automation in Agriculture and Expand into Autonomous Industrial EquipmentYahoo Finance / AccessNewswire · retrieved 2026-07-05

Anyware Robotics Secures $12M Seed Funding, Deploys Pixmo CommerciallyPR Newswire · retrieved 2026-07-05