Investment Management: Life Sciences, Deep Tech & Impact

Profilbild Billing, Thorsten

Senior Investment Manager

Thorsten Billing

Thorsten studied law at the University of Heidelberg and has extensive experience in equity finance. He joined KfW Capital from the German-French private bank ODDO BHF where he was primarily responsible for ECM trans­actions focusing on the tech and biotech sector. Thorsten previously held positions at KfW, KfW IPEX-Bank, Commerzbank and LBBW (formerly BW-Bank).­

Investment Analyst

Justus Dries

Justus Dries has been an Investment Analyst at KfW Capital since June 2025, having completed an internship with the investor relations team. He studied Business and Economics in Tübingen and Cologne, spending time abroad at universities in Aix-en-Provence and Istanbul. He has also gained diverse experiences in strategy and public policy consulting as well as at KfW Development Bank.

Investment Analyst

Anne Kuhn

Anne Kuhn joined KfW Capital as Investment Analyst in August 2025. She holds a master’s degree in economics (M.Sc.) from the University of Mannheim, with time abroad in Dublin and Brussels. Previously, she gained four years of experience in KfW Development Bank’s North Africa division with focus on climate and resource protection projects as well as the West African VC market. Before joining KfW, she gained diverse experience in areas including entrepreneurship, research, banking and auditing.

Investment Associate

Dr Lorenz Mittermeier

Lorenz Mittermeier holds a PhD in biochemistry and performed various research projects at Ludwig Maximilian University of Munich and National University of Singapore. He received an MBA from Quantic School of Business and Technology and gained experience in the investment industry at Deka Investments and the start-up LabBench2Business. Lorenz joined KfW Capital as an Investment Analyst in September 2022 and has since been promoted to Investment Associate.

Co-Head of Investment Management

Christian Röhle

Christian has worked for KfW Capital since its foundation. Previously, he was an Advisor to the CEO of KfW. In 2012, he completed his M.Sc. Finance studies at Frankfurt School of Finance & Management, after which he was responsible for project financing in the area of renewable energy at KfW. During his studies, Christian Röhle interned with KfW Carbon Fund, Merrill Lynch and Roland Berger.

Investment Manager

Pawel Schapiro

Pawel Schapiro has extensive industry experience in the Venture Capital ecosystem. He has invested in early-stage start-ups for various VC funds for 10 years, including as a partner at a pan-European VC fund. After studying in Duisburg, Mainz and Jönköping, he gained operational startup experience at Rocket Internet. He has been working as an Investment Manager at KfW Capital since June 2024. Pawel Schapiro holds a Master's degree from Johannes Gutenberg University Mainz.

Investment Associate

Sabrina Senzel

Sabrina Senzel has already collected relevant industry experience by working at KfW Capital since 2020 and supporting the German edtech startup edyoucated during an internship. In August 2023, she graduated with a Master of Finance degree from Frankfurt School of Finance & Management while spending part of her studies at University of Victoria (Canada) and in Stanford (USA). Since then, she joined KfW Capital as a full-time investment analyst.

Senior Investment Manager

Lea Strumberger

During her economic studies (focus on finance) at Goethe University in Frankfurt and Université Paul Valéry in Montpellier, Lea gained first professional experience in the Mutual Funds Investment Team at Deutsche Bank and in Venture Capital at the Frankfurt-based Fintech Investor Finlab AG. Lea joined KfW Capital in April 2021 as an Investment Manager and has since been promoted to Senior Investment Manager. Before joining, Lea worked at the Cologne-based VC fund BitStone Capital, where she was significantly involved in building the fund from the beginning.

Investment Analyst

To My Ta

To My Ta joined KfW Capital as an Investment Analyst in August 2025. Prior to joining, she worked in the equity and funds department at KfW Development Bank, where she was mainly involved in investments in VC and PE funds in Africa. Prior to that, she worked as a consultant with a focus on ESG due diligence in the context of VC and PE transactions and gained first experience in corporate venture capital during her studies. To My holds a master’s degree in management from the University of Mannheim.

Investment Analyst

Karen Taubenberger

Karen Taubenberger holds a dual master’s degree from Nanyang Technological University in Singapore (MBA) and ESSEC Business School (Grande École). During her studies, she gained practical experience in venture capital, climate tech, and through an AI think tank. Prior, she worked in the international growth consulting practice at PwC Singapore. Since April 2025, she has been working as an Investment Analyst at KfW Capital.

Investment Analyst

Frédéric Tronnier

Since June 2025 Frédéric Tronnier is an Investment Analyst at KfW Capital. Previously, he gained experience in venture capital at HTGF in Bonn. He holds a Master's degree in business informatics from Goethe University Frankfurt and gained international experience at the University of Adelaide in Australia. As a research assistant he officially submitted his doctoral thesis at the end of 2024. His main research interests are privacy, IT security, CBDC and Generative AI.

Senior Investment Manager

Sebastian Wandtke

As a senior investment manager, the graduate in business management was previously responsible for the Supervisory Board mandates of Deutsche Post AG and Deutsche Telekom AG for the Chief Executive Officer of KfW. Before joining KfW in 2009, Sebastian worked as a fund manager and analyst at Cominvest Asset Management.