LBBW Venture Capital
Wholly owned venture capital subsidiary investing on behalf of Landesbank Baden-Württemberg (LBBW)
Also known as LBBW Venture Capital GmbH, LBBW VC, LBBW Ventures
LBBW's venture subsidiary (Stuttgart, since 1998): seed to Series A tickets up to €3m in DACH IT, life-science and fintech start-ups, investing on behalf of LBBW.
Early-stage venture unit of Landesbank Baden-Württemberg; not to be confused with its sister company Süd Beteiligungen (SüdBG), LBBW's Mittelstand private-equity subsidiary.
- HEADQUARTERS
- Stuttgart, Germany
- FOUNDED
- 1998
- AUM
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 9 people
Focus
- STAGES
- SeedSeries A
- SECTORS
- Software & SaaSArtificial IntelligenceDeep TechBiotech & Life SciencesHealthTechFintechClimate & EnergyIndustrial & Manufacturing
- ASSET MIX
- Venture capital
- GEOGRAPHY
- GermanyAustriaSwitzerland
Overview
LBBW Venture Capital GmbH was founded in 1998 as an independent subsidiary of Landesbank Baden-Württemberg and is based in Stuttgart. It invests on behalf of LBBW in early-stage IT, life-science and fintech companies in the DACH region, from seed to Series A, with initial tickets of up to €3 million. The team says it has invested in more than 60 companies. Managing directors are Andreas von Richter and Frank Mühlenbeck.
Investment thesis
Invests in early-stage disruptive IT and life-science companies in the DACH region from seed to Series A: software-driven approaches in enterprise IT, IoT, Industry 4.0, AI/ML, big data and analytics across industrial sectors (mobility, manufacturing, energy, cleantech); drug development, diagnostics, medtech and healthcare IT; and fintech. Investing on behalf of LBBW allows a long-term view.
PORTFOLIO (25)
- 3yourmindSoftware & SaaS
- Acousia TherapeuticsBiotech & Life Sciences
- ActiTrexxBiotech & Life Sciences
- AIPERIAArtificial Intelligence
- Applyo JenaBiotech & Life Sciences
- Bluu SeafoodFood & Agriculture
- CedaloSoftware & SaaS
- CorTecHealthTech
- DebtvisionFintech
- EpignostixHealthTech
- ExcivaBiotech & Life Sciences
- Impossible CloudSoftware & SaaS
- Kipu QuantumDeep Tech
- Leon NanodrugsBiotech & Life Sciences
- LICIT SolutionsBiotech & Life Sciences
- MeshcapadeArtificial Intelligence · Exited
- MetergridClimate & Energy
- Oska HealthHealthTech
- PentaleapDeep Tech
- PhenexBiotech & Life Sciences · Exited
- Specter AutomationSoftware & SaaS
- TadoClimate & Energy
- ThreedySoftware & SaaS
- Umlaut.bioBiotech & Life Sciences
- XavinFintech
People
- Andreas von RichterManaging Director · source
- Frank MühlenbeckManaging Director · source
- Caroline LehmannSenior Investment Manager · source
- Patrick HerlingerSenior Investment Manager · source
- Maximilian NaumowSenior Investment Manager · source
- Markus KazmaierAssociate · source
- Stefanie KathederTransaction Manager · source
- Leon HuckAnalyst · source
- Sandra JustHR Manager · source
Links
Frequently asked questions
LBBW Venture Capital is a corporate venture arm based in Stuttgart, Germany, founded in 1998.
Yes. LBBW Venture Capital invests its own capital in private companies.
LBBW Venture Capital invests at Seed and Series A stages in Software & SaaS, Artificial Intelligence, Deep Tech, Biotech & Life Sciences, HealthTech, Fintech, Climate & Energy and Industrial & Manufacturing.
LBBW Venture Capital's stated ticket size is Up to €3M.
Key people at LBBW Venture Capital include Andreas von Richter (Managing Director), Frank Mühlenbeck (Managing Director), Caroline Lehmann (Senior Investment Manager) and Patrick Herlinger (Senior Investment Manager).
LBBW Venture Capital's investments include 3yourmind, Acousia Therapeutics, ActiTrexx, AIPERIA, Applyo Jena, Bluu Seafood, Cedalo and CorTec, among others.
The most recent publicly reported investment by LBBW Venture Capital is Blockbrain (Series A (existing investor, follow-on)), announced in Feb 2026.
LBBW Venture Capital states that it accepts submissions through its official contact page.
No. LBBW Venture Capital invests its own capital and does not raise money from outside investors.