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

KfW Capital Award 2024 Ceremony

The winners of the KfW Capital Award 2024 in the categories Best Female Investor, Best Impact Investor and Best Emerging Manager have been chosen.

More details on the KfW Capital Award 2024 can be found in the press release.

ESG Report 2023

For the first time, KfW Capital is publishing the results of the annual ESG data survey within its own portfolio (as at 31 December 2023) as part of an ESG report.

More information about the ESG report can be found here.

The "Zukunftsfonds"

KfW Capital is the coordinator of the Zukunftsfonds, which the German Federal Government adopted in 2021. The primary aim is to enhance the funding opportunities of start-ups during the capital-intensive scale-ups phase by expanding in quantitative and qualitative terms the support architecture of the Federation.

More information about the Zukunftsfonds can be found here.