Frankfurt Skyline

    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 programs

    KfW Capital invests in VC funds via various programs with the support of the ERP Special Fund, the Zukunftsfonds and KfW.


    The VC funds present themselves! KfW Capital is now invested in more than 100 funds with more than EUR 1.9 billion.


    KfW Capital is coordinating the Zukunftsfonds on behalf of the Federal Government, which will invest EUR 10 billion until 2030.