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Investment focus

KfW Capital is an institutional investor that invests across phases and sectors in venture capital and venture debt funds with a German focus. These funds invest at least the capital contributed by KfW Capital in young, technology-oriented companies that develop innovative ideas, create jobs and secure the basis for future prosperity and growth in Germany and Europe.

Investment programmes

KfW Capital invests in VC funds through various programmes with the support of the ERP Special Fund, the Future Fund and KfW. Here you will find an overview of our investment criteria.


The VC funds present themselves! Here you will find an overview of the VC funds in which we are invested.

Future Fund

KfW Capital is coordinating the Future Fund on behalf of the Federal Government, which will grow to ten billion euros and raise growth financing in Germany to a new level.