Investors / Germany / KfW Capital
KfW Capital
Investor · Frankfurt am Main, Germany · Europe
KfW Capital is a wholly owned subsidiary of KfW Bankengruppe that invests in German and European venture capital and venture debt funds, strengthening their capital base. It aims to give technology-oriented growth companies in Germany better access to capital through financially strong funds.
Invests inFintechHealthcare & BiotechAI & Machine Learning
In its own wordsventure capitalventure debtfund of fundstechnologygrowthsustainability
Your fit with KfW Capital
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsKfW Capital lists 89 checked portfolio companies on its own site and is named in 13 funding rounds. Its most frequent entry is Series A, 43% of the companies with a known first round. Its largest themes are Fintech (35%), Healthcare & Biotech (18%) and AI & Machine Learning (15%). 53% of its companies are based in Germany. It invests most often alongside CDP Venture Capital, Brabant Development Agency (BOM) and Mojo Capital.
Counts come from funding rounds that name KfW Capital, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not KfW Capital's whole history. Rounds on record name 12 companies; its own site lists 89. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 0% |
| Series A | 43% |
| Series B | 29% |
| Growth | 29% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 2 | 0 |
| '26 | 11 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 94th | 89 companies |
| Recent activity | 95th | 11 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 55th | 2% of companies confirmed by a round |
| Sector focus | 65th | 35% in its largest sector |
| Reach | 98th | 13 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Fintech | 35% | 12% |
| Healthcare & Biotech | 18% | 15% |
| AI & Machine Learning | 15% | 18% |
| Enterprise Software | 6% | 8% |
| Climate & Energy | 5% | 1% |
| Industrial & Manufacturing | 5% | 7% |
| Space & Defense | 4% | 3% |
| Food & Agriculture | 4% | 3% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| CDP Venture Capital | 6 |
| Brabant Development Agency (BOM) | 5 |
| Mojo Capital | 5 |
| Top Tier Capital Partners | 4 |
| Balderton Capital | 3 |
| Cisco Investments | 3 |
| HV Capital | 3 |
| UVC Partners | 3 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers8697%
- No longer answers00%
- Points to another company33%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with CDP Venture Capital
Compare KfW Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Funds
as stated on its siteRecent portfolio activity
when companies last raised with KfW Capital| Date | Company | Stage |
|---|---|---|
| 30 Sept 2026 | Debt | |
| 29 Sept 2026 | Series B | |
| 15 Sept 2026 | Series C+ | |
| 7 Jul 2026 | Series A | |
| 6 Jul 2026 | Debt | |
| 9 Jun 2026 | Series C+ | |
| 11 Mar 2026 | Round | |
| 11 Mar 2026 | Round |
Round details for KfW Capital
Amounts, full round histories and every co-investor in KfW Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
89 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| 13books Capital invests in financial technology companies | Fintech | Portfolio page | ||
| 415 Capital is a specialist venture capital firm dedicated to investing in breakthrough and life-saving medical innovation. | Healthcare & Biotech | Portfolio page | ||
| The company backs AI founders with global ambition from day one | AI & Machine LearningFintech | Portfolio page | ||
| The company invests in startups at Series A and beyond | Fintech | Portfolio page | ||
| Aenu invests in climate tech founders and provides additional support to help them scale their businesses. | FintechClimate & Energy | Portfolio page | ||
| Ananda Impact Ventures partners with visionary founders who dare to challenge limits, shaping a future that’s better for people and planet alike. | Industrial & ManufacturingHealthcare & Biotech | Portfolio page | ||
| Andercore supplies industrial materials to infrastructure, energy, and construction companies across Europe. | Industrial & ManufacturingE-commerce & Marketplaces | Feb 2026Series B · 2 rounds | Funding round | |
| Apex Ventures backs the most ambitious deep tech founders as they turn scientific insight and engineering excellence into category-defining companies. | Space & DefenseFintech | Portfolio page | ||
| Apollo Health Ventures is a transatlantic early stage Venture Capital firm actively co-founding and investing in transformative healthcare companies targeting age-related diseases and aging itself. | Healthcare & Biotech | Portfolio page | ||
| Aqua Spark invests in solutions for the aquaculture industry, including fish farms, feed mills, and hatcheries. | Food & Agriculture | Mar 2026Round | Funding round | |
| The company provides investment capital for long-term entrepreneurial partnerships | FintechHealthcare & Biotech | Portfolio page | ||
| The company invests in and supports various technology startups | AI & Machine LearningIndustrial & Manufacturing | Portfolio page | ||
| BioGeneration Ventures is a venture capital firm that provides seed investment for early-stage life sciences companies in Europe. | Healthcare & Biotech | Portfolio page | ||
| BiomedVC invests in and supports biotech startups developing innovative therapeutics for high-unmet medical needs. | Healthcare & Biotech | Portfolio page | ||
| The company invests in financial services across Europe. | FintechFintech | Portfolio page | ||
| Bootstrap Europe provides non-dilutive funding to technology businesses to help them grow | Fintech | Portfolio page | ||
| Capnamic invests in tech made in Germany and supports it on its way into the world. | FintechEnterprise Software | Portfolio page | ||
| The company invests in early-stage software businesses across Europe. | Fintech | Portfolio page | ||
| Cherry Ventures invests in founders of companies, particularly in the European startup scene | FintechAI & Machine Learning | Portfolio page | ||
| Cipio Partners provides growth capital and minority buyouts for European technology companies | FintechHealthcare & Biotech | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- kfw-capital.de
- Last read
- 5 Nov 2026
- Watching since
- 6 Nov 2026
- Rounds since
- 1 Apr 2025
- Companies checked
- 89
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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