Lebenheim is a European private investment house. We back founders and real assets where our operating background gives us a perspective that capital alone cannot buy.
We concentrate where we see durable, long term asymmetry. Not because we have to. Because that is the only way to add genuine value to what we back.
Education, healthcare, legal, financial services. Industries built on human labour at scale are being structurally repriced by AI. The companies that will capture this shift are not purely AI native. They are operators who understand the workflow, the customer, and the unit economics deeply enough to rebuild them with AI at the core.
Lebenheim invests in both: founders building AI first service businesses, and operators transforming existing ones. Having scaled large service operations across Europe, we know how to tell the difference between genuine transformation and automation layered onto a broken process.
Rate cycles, chronic undersupply, and demographic tailwinds continue to create disciplined entry points across European residential, commercial, and purpose built student accommodation. Most capital in these markets is either too impatient or too passive to add real value.
Lebenheim sources off-market, underwrites conservatively, and focuses on assets where returns are driven by active management rather than market direction. Our track record of owning and operating real estate across Europe gives us a read on deals that numbers alone do not reveal.
We do not run a portfolio of fifty names. We take deliberate, concentrated positions — and the depth of our involvement in each one is the point.
We have built and restructured businesses, managed P&Ls, and scaled operations across twelve countries. That experience shapes how we evaluate opportunities — and how we support the people running them.
Italy, Spain, Nordics, Baltics, Benelux. We have operated across these markets — which means we understand regulatory environments, hiring dynamics, and economic cycles in a way that informs how we underwrite.
We welcome aligned co-investors into select transactions. We are deliberate about who we bring in — because the quality of the partnership matters as much as the quality of the asset.
We are not optimising for a fundraising cycle. We hold assets and relationships over years — and that patience, in both venture and real estate, is a structural advantage that shapes every decision we make.
| Proptee.io | Proptech · SaaS | Fractional real estate investment platform enabling retail investors to access institutional-grade property returns through a regulated digital marketplace. | Lead Investor |
| Molin.ai | AI · Productivity | AI powered workflow automation for operational teams — enabling businesses to scale output without scaling headcount. | Advisor & Board |
| getHale.it | HealthTech | Digital health platform improving access to preventive care through technology-enabled screening, triage, and patient engagement. | Angel Investor |
Income generating assets in urban markets. Value add acquisition and strategic repositioning — building portfolios with structural appreciation independent of market timing.
Office and commercial positions selected for structural demand dynamics. Value creation through active management — not passive exposure to market appreciation.
Purpose-built student accommodation in high-demand university cities. Structural undersupply and defensive demand create a compelling long term return profile across cycles.
Lorenzo Torquati is the founder and principal of Lebenheim. An Italian entrepreneur and investor with over 15 years across corporate restructuring, M&A, executive leadership, and multi-asset investment — he brings to every capital decision the instincts of an operator who has run the businesses, not just studied them.
Most recently CEO and CFO of Northsun Education Group, scaling Berlitz operations across 12 European countries from a loss-making position to €25M+ in revenues and a successful institutional exit in 2025. Prior roles as CFO and GM across Italy, Spain, and China.
We keep our calendar deliberately open. One new conversation a week — with a founder building something real, or an investor looking to deploy alongside us.