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

Boost for Climate Tech Start-ups

Good news at the end of the year: The Green Transition Facility that was introduced in June 2023 with a term of 24 months is already fully invested after one and a half years. KfW Capital has fully invested the EUR 100 million provided by KfW in seven VC climate-tech funds that finance start-ups and fast-growth enterprises in Germany with a focus on “ecological change”.

2024: The Year in Retrospect

The team at KfW Capital will continue pursuing its goals in 2025 – driving important topics to further develop the VC ecosystem, including the further mobilisation of private capital. For now, we farewell 2024 with our annual retrospective, wishing you and your families a very happy holiday season and a good start to a happy, successful and hopefully peaceful 2025!

Growth Fund Germany strengthens the VC ecosystem

Around one year after its final closing, the Wachstumsfonds Deutschland (‘Growth Fund Germany’) has already committed more than half its target volume, EUR 567 million, to 29 venture capital (VC) funds (as at 30 November 2024).

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