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NRW.BANK

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

#3,315 Investor rankamong investors on Dealroom

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

Website ↗LinkedIn ↗X / Twitter ↗
94 Portfolio companies+116% in 5 years
136 Investments
Jun 2026 Last investment
01 · 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; those lead, best-ranked first.

Cherry Ventures
Germany
#206 Power Law
b2venture
Switzerland
#213 Power Law
Project A
Germany
#467 Power Law
Ananda Impact Ventures
Germany
Bay City Capital
United States
Bright Capital
Germany
Capital Management Partners
Capnamic Ventures
Germany
Claret Capital Partners
United Kingdom
Creathor Ventures
Germany
Cusp Capital
Germany
Deutsche Beteiligungs
Germany
02 · Knowledge graph
News amber raises €7M Series A to scale sovereign enterprise AI Aug 17, 2026 News JUPUS raises €13M Series A to scale its AI assistant for law firms Jun 23, 2026 News BISON Polymers raises €27M to reshore nitrile glove production to Germany May 28, 2026
03 · 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. Germany96
  2. Belgium1
  3. Netherlands1
  4. Switzerland1
  5. UK1
  6. USA1
By sectorCount
  1. Health33
  2. Enterprise Software22
  3. Energy12
  4. Fintech7
  5. Semiconductors7
  6. Marketing5
  7. Real Estate4
  8. Transportation4
  9. Engineering and Manufacturing Equipment3
  10. Food3
  11. Jobs Recruitment3
  12. Security3
By stage enteredCount
  1. Seed47
  2. Series A31
  3. Series B+15
By growth stageCount
  1. Early Growth67
  2. Breakout Stage27
  3. Late Growth5
  4. Mature2
04 · 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
Prothea Technologies
Health
$24M
Azeti Networks
Telecom
$16M
Hemovent
Health
$135M
Semalytix
Health
$25M
saperatec
Energy
$9.6M
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
05 · Portfolio founders

Where NRW.BANK’s portfolio founders come from.

147 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.

LocationCount
  1. Germany128
  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
06 · Similar investors

Similar investors.

Peers the API surfaces as most similar by portfolio shape, with Dealroom investor rank and portfolio scale.

HTGF
Venture Capital · Bonn
#681 rank 578 companies $28B portfolio
Bpifrance
Sovereign Wealth Fund · Maisons-Alfort
#94 rank 1,363 companies $165B portfolio
Plug and Play
Venture Capital · Sunnyvale
#410 rank 1,576 companies $290B portfolio
Y Combinator
Accelerator · San Francisco
#62 rank 7,127 companies $1.9T portfolio
Eurazeo
Private Equity · Paris
#97 rank 375 companies $159B portfolio
Alumni Ventures
Venture Capital · Manchester
#185 rank 802 companies $203B portfolio
Techstars
Accelerator · New York City
#855 rank 2,278 companies $249B portfolio
Speedinvest
Venture Capital · Vienna
#442 rank 339 companies $31B portfolio