KC
KfW Capital
Fund of fund · Founded 2018 · Frankfurt, Germany
Who KfW Capital is.
- Historical Background
- KfW Capital was established in 2018 as a wholly-owned subsidiary of the KfW Group, a German state-owned investment and development bank. It was created to improve the supply of venture and growth capital for technology companies in Germany and Europe by investing in venture capital funds.
- Source of Capital
- As a subsidiary of KfW Group, its funding activities are supported by its parent, which raises capital on international markets. KfW Capital's investments are made with the support of the ERP Special Fund and the German Federal Government's "Future Fund" (Zukunftsfonds).
- Allocation Strategy
- The firm's primary focus is on venture capital as an asset class, investing in both venture capital and venture debt funds. It invests in funds with a presence in Germany that, in turn, finance young, technology-oriented companies. The geographic focus for these funds is Germany and Europe. KfW Capital's strategy is to strengthen the capital base of VC funds, thereby indirectly providing growth capital to startups and helping to attract new investor groups to the venture capital asset class.
The funds KfW Capital backs.
KfW Capital is a limited partner in 85 funds. 11 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
How KfW Capital’s fund book is spread.
The 85 funds KfW Capital backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- Europe 8499%
- North America 11%
Germany 43 · United Kingdom 11 · France 9 · Netherlands 8
How established those managers are
Managers grouped by how many funds they have raised — across the 83 of 85 with a fund history on record.
The companies KfW Capital backs directly.
KfW Capital holds 3 companies directly, separate from the funds it commits to as a limited partner.
Where KfW Capital’s portfolio founders come from.
10 founders across the 3 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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Germany10
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Massachusetts Institute of Technology2
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Technical University Munich2
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Hochschule Esslingen1
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NürtingenGeislingen University of Applied Science1
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Technical University Berlin1
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Technical University of Vienna1
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Tsinghua University1
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University of Cambridge1
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University of Heidelberg1
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University of Sussex1
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Max Planck Institute for Plasma Physics3
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Massachusetts Institute of Technology2
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Bearing Point1
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Caltech Entrepreneurs Forum1
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Caltech, California Institute of Technology1
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Centre for Social Investment (CSI)1
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Commerzbank1
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Deutsche Bank1
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EPFL Swiss Federal Polytechnic School of Lausanne1
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Euro-fusion1
Other LPs.
Other funds of funds in the Power Law LP ranking, closest to KfW Capital by combined power-law score — Europe first, then the nearest worldwide.
Key people at KfW Capital.
