Frankfurter Skyline

    WIN 400 (Germany Fund)

    “WIN 400” is a programme run by KfW Capital to support innovative fund strategies and strengthen the financing of the German innovation and venture capital ecosystem. By 2029, KfW Capital will invest up to 400 million euros in selected funds.

    • Summary of key details:
      • KfW Capital invests in innovative venture capital funds focusing on forward-looking financing solutions, thereby helping to strengthen Germany as a centre for business and innovation.
      • Potential investment priorities include, amongst others, funds focusing on security and defence technologies (SVI), DeepTech, secondary funds, and funds dedicated to business succession and the transformation of small and medium-sized enterprises.
      • For each fund investment, KfW Capital can invest up to 60 million euros and a maximum of 19.9 per cent of the fund’s total volume.
      • Co-investments require that at least 50 per cent of the fund’s total volume is provided by private investors.
      • Investments are made exclusively in funds that meet the programme’s eligibility criteria. Start-ups or growth companies cannot apply directly to KfW Capital.

    Further information and details about the Germany Fund are available at: Federal Ministry of Economic Affairs and Energy - Germany Fund and Federal Ministry of Finance - Germany Fund.