GI
German Investment Corporation
Other · Founded 1962 · Cologne, Germany
Who German Investment Corporation is.
- Historical Background
- The German Investment Corporation (DEG) was established in September 1962 in Cologne as a federally owned entity. It operates as a subsidiary of the KfW Group, Germany's state-owned development bank. Since its inception, DEG's headquarters have been in Cologne. In 2008, the corporation relocated to a new, energy-efficient office building. By 2023, its investment portfolio surpassed the EUR 10 billion mark for the first time.
- Source of Capital
- As a subsidiary of the KfW Group, DEG's underlying capital structure is backed by the Federal Republic of Germany and the German federal states. DEG primarily finances investments from its own funds, operating on a self-sustaining basis with a risk-oriented approach to its lending and investment activities.
- Allocation Strategy
- DEG functions as a development finance institution, providing long-term capital in the form of debt, mezzanine financing, and equity to private sector companies. It also makes commitments to private equity funds. The firm's geographic mandate is exclusively focused on developing and emerging-market countries across Africa, Asia, Latin America, and Eastern Europe. It invests across various sectors, with a significant portion of its portfolio in financial institutions and corporates. DEG's strategy aims to support private sector development as a means to achieve sustainable growth and improve living conditions. In 2022, the firm implemented a new objectives system that gives equal weight to financial performance and development impact, measured by its "Development Effectiveness Rating" (DERa).
The funds German Investment Corporation backs.
German Investment Corporation is a limited partner in 151 funds. 5 of them place in the Power Law Investor Ranking; those lead, best-ranked first.






































How German Investment Corporation’s fund book is spread.
The 151 funds German Investment Corporation backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters, across the 149 of 151 with a location on record.
- Rest of world 9564%
- North America 2718%
- Europe 2718%
United States 27 · Singapore 20 · India 11 · United Kingdom 10
How established those managers are
Managers grouped by how many funds they have raised — across the 62 of 151 with a fund history on record.
German Investment Corporation’s biggest exits.
Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from German Investment Corporation’s transaction record.



The companies German Investment Corporation backs directly.
German Investment Corporation holds 62 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
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Kenya17
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India14
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Tanzania11
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Indonesia8
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South Africa8
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Nigeria6
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UK5
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USA5
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Bangladesh3
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Brazil3
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Germany3
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Ghana3
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Fintech39
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Energy21
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Food19
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Health9
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Enterprise Software8
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Telecom5
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Transportation5
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Home Living3
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Marketing2
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Chemicals1
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Education1
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Fashion1
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Series B+21
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Series A12
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Seed5
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Early Growth42
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Breakout Stage31
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Late Growth30
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Mature15
Inside German Investment Corporation’s portfolio.
The 60 highest-funded portfolio companies, of 62 tracked.
Ne
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Cr
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PT
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GoWhere German Investment Corporation’s portfolio founders come from.
113 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.
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Kenya27
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India15
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Tanzania12
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United States10
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South Africa9
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United Kingdom7
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Brazil4
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Germany4
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France3
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Ghana3
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INSEAD Business School5
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Harvard Business School4
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Linköping University4
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Mines Paris - PSL University4
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Tsinghua University4
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Centrale Nantes3
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Technical University of Denmark3
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University of Cambridge3
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University of Cape Town3
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University of Nairobi3
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French Alternative Energies and Atomic Energy Commission - CEA4
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Boston Consulting Group3
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EDF3
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IB Hubs3
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KPMG3
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LiveMentor3
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Ørsted3
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ABN AMRO2
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Airlift Technologies2
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Anadolu Agency2
Other LPs.
Other LPs in the Power Law LP ranking, closest to German Investment Corporation by combined power-law score — Europe first, then the nearest worldwide.

