KfW Capital

Overview

Wholly-owned subsidiary of KfW Group, Germany's state-owned development bank, established in 2018 as a fund-of-funds investing in German and European venture capital and venture debt funds. Backed by the German Federal Government's ERP Special Fund and Future Fund to improve capital access for innovative technology and growth companies. As of KfW Group's FY2025 reporting, KfW Capital had committed roughly EUR 2.9 billion across 153 VC funds.

Key Facts

Type

Fund of Funds

Geography focus

Germany and wider Europe