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KfW Capital

KfW Capital

GeneralistFrankfurt, GermanyActiveWebsite
Stage FocusSeed, Series A, Series B+
GeographyEurope
TypeGovernment
Last Activity2025
Industry Focus
Industries
AI InfrastructureBiotechClimate Tech
Technical BenchLimited
Investor TypeGovernment Fund
ExposureSome DeepTech Investments
Bio

KfW Capital is a 100% subsidiary of KfW Group, Germany's state development bank, operating as the country's largest fund-of-funds operator with €2.5B-plus committed to 150-plus VC funds. These funds in turn support 2,800-plus startups indirectly, making KfW Capital arguably the single most important institutional investor in the German startup ecosystem.

The €1B Wachstumsfonds Deutschland (Growth...

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