Newsroom

On 18 December, the Germany Fund ("Deutschlandfonds") was presented at a press conference in Berlin by the Federal Minister of Finance, Lars Klingbeil; the Federal Minister for Economic Affairs, Katherina Reiche; and Stefan Wintels, the Chairman of the Board of Managing Directors and the Supervisory Board of KfW Capital. This includes the venture capital pillar.

Despite facing challenges, the German venture capital ecosystem remained stable in 2025, supported by high-quality start-ups and VC funds. KfW Capital played a key role in driving forward the ecosystem through VC academies and an ESG training programme.

In 2023, KfW Capital was a reliable partner of the VC ecosystem and was able to provide more support for start-ups and innovative technology companies in a challenging environment.

The Wachstumsfonds Deutschland has slightly surpassed its EUR 1 billion target volume, making it one of the largest funds of funds in Europe and thus strengthening the VC ecosystem sustainably.

As Austria prepares to launch the rot-weiß-rot Dachfonds, a fund-of-funds aimed at strengthening the local innovation and VC landscape, it’s worth looking to successful models abroad, such as KfW Capital in Germany.

KfW Capital is expected to start investing in exceptional technology start-ups from key innovation and transformation areas together with VC funds from its portfolio in the first half of the year. In an interview with Bloomberg, Jörg Goschin, CEO of KfW Capital, explains further details about this programme.

KfW Capital is awarding two partial scholarships for women ("KfW Capital Fellowships Women in VC"), each worth EUR 5,000 for the education program "Certified Private Equity Analyst" (CPEA) conducted by BVK and TU Munich.

KfW Capital presents KfW Capital Awards "Best Female Investor" and "Best Impact Investor" for the first time