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Investor profile

NRW.BANK

Private Equity, Venture Capital · Founded 2002 · Düsseldorf, Germany

Public development bank of the State of North Rhine-Westphalia in Germany

94 portfolio companies Private Equity, Venture Capital · $877M invested · 136 investments · Investor rank #3,297 · Last investment 6/2026
Portfolio companies 94 ↑ 114% 5y
Decacorns 0
Thoroughbreds 2
Fund commitments

The funds NRW.BANK backs.

NRW.BANK is a limited partner in 47 funds. 3 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.

Portfolio analysis

Where NRW.BANK’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 94 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. Germany90
  2. Belgium1
  3. Switzerland1
  4. UK1
  5. USA1
By sectorCount
  1. Health31
  2. Enterprise Software21
  3. Energy11
  4. Semiconductors7
  5. Fintech5
  6. Marketing5
  7. Real Estate4
  8. Transportation4
  9. Food3
  10. Jobs Recruitment3
  11. Security3
  12. Education2
By stage enteredCount
  1. Seed47
  2. Series A31
  3. Series B+14
By growth stageCount
  1. Early Growth64
  2. Breakout Stage25
  3. Late Growth5
Portfolio market map

Inside NRW.BANK’s portfolio.

The 60 highest-funded portfolio companies, of 94 tracked.

Nuclidium
Health
$476M
Emergence Therapeutics
Health
$383M
Resolve
Health
$284M
eleQtron
Semiconductors
$251M
DISCO Pharmaceuticals
Health
$158M
Chronext
Fashion
$155M
OLEDWorks
Energy
$1.3M
DIREVO Biotech AG
Energy
$32M
Abalos Therapeutics
Health
$143M
Compeon
Fintech
$83M
CryoTherapeutics
Health
$68M
unu
Transportation
$79M
VMRay
Security
$75M
Sphingotec
Health
$22M
Black Semiconductor
Semiconductors
$113M
Protagen
Health
$5.4M
Rigontec
Health
$510M
VYTAL
Food
$35M
octonomy
Marketing
$80M
Talpa solutions
Enterprise Software
$66M
JUPUS
Legal
$57M
Innolume
Energy
$38M
CEVEC Pharmaceuticals
Health
$20M
Masterplan
Education
$22M
LIDROTEC
Semiconductors
$51M
Azeti Networks
Telecom
$16M
Hemovent
Health
$135M
Semalytix
Health
$25M
saperatec
Energy
$9.6M
Prothea Technologies
Health
$53M
Cellbox Solutions
Health
$33M
VALUEDESK
Enterprise Software
$22M
AYOXXA
Health
$10M
clockin
Enterprise Software
$44M
Aifora
Marketing
$31M
Refoxy Pharma
Health
$40M
iDEL Therapeutics
Health
$40M
ShopCo
Enterprise Software
$30M
Gemesys
Semiconductors
$38M
Co-reactive
Energy
$29M
EINHUNDERT
Real Estate
$29M
Personal MedSystems
Health
$22M
NonWoTecc Medical
Health
$31M
Simfy
Music
$28M
ScrapBees
Energy
$18M
Refined Laser Systems
Health
$12M
Lumoview Building Analytics
Real Estate
$13M
Personal MedSystems
Health
Frontastic
Marketing
$7.9M
ECO2GROW
Energy
$18M
Ubirch
Security
$4.4M
OMMM
Enterprise Software
$16M
Detechgene
Health
$14M
Bomedus
Health
$11M
Elixion Medical
Health
$6.2M
maesn
Enterprise Software
$10M
BioThrust
Health
Taxy.io
Fintech
$4.4M
Alteva
Energy
$7.5M
Certif-ID
Education
$7.0M
Portfolio founders

Where NRW.BANK’s portfolio founders come from.

146 founders across the 94 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.

LocationCount
  1. Germany127
  2. United States7
  3. United Kingdom4
  4. Spain2
  5. Italy1
  6. Netherlands1
  7. Switzerland1
UniversityCount
  1. RWTH Aachen University22
  2. University of Cologne13
  3. WHU Otto Beisheim School of Management9
  4. University of Bonn6
  5. Ruhr University Bochum5
  6. Technical University Munich5
  7. Bielefeld University4
  8. University of Düsseldorf4
  9. FH Aachen3
  10. Harvard University3
Previous companyCount
  1. Boston Consulting Group7
  2. EY6
  3. adesso5
  4. German Aerospace Center5
  5. Siemens4
  6. Trivago4
  7. Audi3
  8. Bertelsmann3
  9. Deutsche Telekom3
  10. QuestBack3
Figures on this page are sourced live from the Dealroom next-gen API, joined with Dealroom’s cap-table dataset (estimated holdings) and the Power Law Investor Ranking. News in “Featured in” is drawn from Dealroom’s own coverage — the stories that name this investor, not only those it is the subject of. Market sentiment is omitted until the API exposes it.