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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.

Illustration Frau und Mann vor einem Bildschirm


The VC funds present themselves! KfW Capital now invests in over 100 funds.

You can find an overview of our funds here.

Illustration Capital Investments Europa-Karte

Zukunftsfonds ("Future Fund")

KfW Capital is coordinating the Zukunftsfonds ("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.

Illustration Zukunftsfonds