LP profile · Fund of fund
KfW Capital
KfW Capital is a fund of fund headquartered in Germany (Europe). Ranked #197 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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).
Major Events
- No information available.
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.