KfW Capital

KfW Capital promotes prospects for innovation and growth: As 100% subsidiary of KfW Group we invest in German and European venture capital (VC) and venture debt funds, thereby strengthening their capital base. Our aim is to improve access to capital for innovative technology-oriented growth companies in Germany through financially strong funds. Our commitment is long-term oriented and focussed:

Our investment focus

The ERP Special Fund

KfW Capital by the support of the Federal Government’s ERP Special Fund, which is based on the “Marshall Plan Aid” for the reconstruction and development of the German economy, the European Recovery Program (ERP). The subsidy programs from the ERP Special Fund include low-interest loans and investments. Today they belong to the most important instruments for the promotion of economic development in Germany.

More about ERP Special Fund (in German)

Latest news

The "Zukunftsfonds"

The Federal Government's Zukunftsfonds, which is celebrating its third anniversary this spring, already comprises nine building blocks for strengthening the VC ecosystem. We asked key players about its importance.

The voices and further information about the Zukunftsfonds can be found here.

The year 2023 in numbers

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.

More details and numbers in our press release about the year 2023.

Final Closing "Wachstumsfonds Deutschland"

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.

More information on the Wachstumsfonds Deutschland can be found here.