Bayern Kapital

Focus

STAGES

Pre-SeedSeedSeries ASeries BGrowth

SECTORS

Deep TechSoftware & SaaSBiotech & Life SciencesHealthTechClimate & EnergyIndustrial & ManufacturingSpaceArtificial Intelligence

ASSET MIX

Venture capitalDirect investments

GEOGRAPHY

Germany

Investment arms & vehicles

• Seedfonds Bayern
  Seed fund for young Bavarian tech companies up to 24 months old; tickets up to €750k
• Bayern Kapital Innovationsfonds
  Early-stage fund for Bavarian tech companies from founding; tickets up to €2.5M (up to €8M with EU STEP money)
• Bayern Kapital Innovationsfonds EFRE II
  EFRE-funded early-stage fund for tech companies in Bavaria's EFRE regions; tickets up to €3M
• Wachstumsfonds Bayern
  Growth fund for companies after a Series A, mostly alongside private investors; tickets €2–10M
• ScaleUp-Fonds Bayern
  €200M fund for capital-intensive, fast-growing tech companies; tickets €10–25M
• Wachstums- und ScaleUp-Fonds
  €500M later-stage fund, the largest and newest; tickets up to €50M

Overview

Bayern Kapital GmbH has been the venture capital investor of the Free State of Bavaria since 1995 and is a wholly owned subsidiary of LfA Förderbank Bayern, based in Landshut. It manages about €1.3bn across several funds, from the Seedfonds Bayern to the €500M Wachstums- und ScaleUp-Fonds, and says it has financed more than 380 Bavarian high-tech startups, with about 120 active portfolio companies. It always invests as a co-investor alongside private investors on pari-passu terms, as a minority shareholder, with holding periods of usually five to ten years.

Investment thesis

Bavarian high-tech and deep-tech startups and scaleups with scalable product businesses (biotech and life sciences, medtech, software and IT, environmental and nanotechnology, materials), from pre-seed to growth and exit, always alongside private co-investors.

PORTFOLIO (161)

• 36ZEROVision
• 4screen
• abaut GmbH
• adnymics GmbH
  Exited
• ADVANOVA GmbH
• Akhetonics
• AlfaDocs
• All3DP
• Altruja
  Exited
• Amplifold
• AMW
  Exited
• apaleo
• AppNavi
• Aves
• Bilendo GmbH
• Böhner-EH GmbH
  Exited
• BOX ID Systems
• Caire
• casavi
• CatalYm
• Cevotec GmbH
  Exited
• ChargeX
• ChromoTek
  Exited
• Cliniserve
• Cobrainer
• commercetools
  Exited
• Conntac
• Constellr
• COREDINATE
  Exited
• Corimmun
  Exited
• CPTx
• Crealytics
• Cunesoft GmbH
  Exited
• DeepDrive
• deepeye Medical
• Delicious Data
• DRIMCO GmbH
• driveblocks
• Dynamic Biosensors
  Exited
• Easy-Tutor
• Ebenbuild
• EcoG
• EGYM
• eKidz.eu
• emax digital
• encosa
• Enmacc
• EOS
  Exited
• Erium
• Ewigbyte
• ExB Labs
• Exergy3
• ExoMatter
• EXTEND3D
  Exited
• EyeSense GmbH
  Exited
• famPLUS
• Fazua
  Exited
• Filics
• Flowsight
• fos4X
  Exited
• FTAPI
  Exited
• Gastfreund
• GeneArt AG
  Exited
• GME German Medical Engineering
  Exited
• GNA Biosolutions
  Exited
• hema.to
• HiveMQ
• Hololight
• iATROS
  Exited
• Immunic Therapeutics
• inContAlert
• Insempra
• IQM Quantum Computers
• Isar Aerospace
• knowis AG
• leadtributor
• Limata
• LUMA Vision
• Maple Aviation GmbH
• Marvel Fusion
• mbiomics
• MC Sciences
• Medineering GmbH
  Exited
• memtime
• Metoda
  Exited
• Micromet
  Exited
• Morphosys
  Exited
• multimmune
• Multiphoton Optics
  Exited
• munevo
• Munich Quantum Instruments
• Nanda Technologies
  Exited
• NanoStruct
• Nature Robots
• NeoPredics AG
• Neuramancer AI
• Noxon
• NUCLIDIUM AG
• Numares HEALTH
• OCELL
• oculai
• ondeso
  Exited
• OroraTech
• parcelLab
  Exited
• PartSpace
• Pelicad
• Photonics Healthcare
  Exited
• Picture Framing GmbH (Mozaik)
• Planet A Foods
• Planqc
• Plixos
  Exited
• ProGlove
  Exited
• Propertybase
  Exited
• Proxima Fusion
• Pulsetrain
• Qbilon
  Exited
• Quantum Systems
• QuantumDiamonds GmbH
• Reflex Aerospace
• reINVENT
  Exited
• riskmethods
  Exited
• Ryte
  Exited
• SciRhom
• Scompler Technologies
• Secfix
• sewts
• SimScale
• SIRION Biotech
  Exited
• Smart Reporting
• SmartAIs
• smartbax
• SPiNE
• StrategyBridgeAI
• Sunhill technologies GmbH
  Exited
• SuppreMol GmbH
  Exited
• Symphera
• T-Curx
• tado°
• The Electric Car Scheme
• The Exploration Company
• Thermosome GmbH
• THEVA Dünnschichttechnik GmbH
  Exited
• Tidely GmbH
• tiramizoo
  Exited
• TM3
  Exited
• TNI Medical
  Exited
• traplinked GmbH
• TRiCares
• Tubulis
  Exited
• Twogee Biotech
• ubiMaster
• Vanatec
  Exited
• Vantis
• VEACT
  Exited
• Vectoflow
• virtonomy.io
• VITAS
• workerbase
• WorkerHero
• XO Life
• Subra
  Climate & Energy · since 2026

People

• Monika Steger
  Managing Director · source
• Markus Mrachacz
  Managing Director · source
• Dr. Sabine Jarothe
  Chair of the Supervisory Board · source
• Bernd Schafberger
  Head of Venture Capital Investments, Prokurist · source
• Bernhard Köhler
  Investment Director and Prokurist · source
• Ariel Golan
  Investment Director · source
• Benjamin Schwiewagner
  Investment Director · source
• Dr. Nathalie Weitemeyer
  Director Life Science and Senior Investment Manager · source
• Klaus Löschner
  Team Lead and Prokurist · source
• Madeleine Guggenheim
  Head of Marketing, Communications & Relations · source
• Martin Redl
  Investment Director · source
• Simon Kreitmair
  Investment Director · source
• Stefan Engl
  Head of Finance and Administration, Prokurist · source
• Thomas Hutter
  Chief Risk Officer and Prokurist · source
• Wolfgang Dengler
  Head of Venture Capital Investments, Prokurist · source
• Wolfgang Härtl
  Investment Director · source
• Andreas Huber
  Senior Investment Manager · source
• Brigitte Linseis
  Senior Investment Manager · source
• Ahmet Bayram
  Investment Manager · source
• Bettina Grotz
  Investment Manager · source
• Christoph Wirth
  Senior Investment Manager · source
• Franz Salzer
  Senior Investment Manager · source
• Franz Wocheslander
  Senior Investment Manager · source
• Dominik Neumüller
  Investor Relations Manager · source
• Florian Ebel
  Investment Manager · source
• Florian Zeidler
  Investment Manager · source
• Lisa Liu
  Senior Investment Manager · source
• Franziska Pfeiffer
  Investment Manager · source
• Katerina Straub
  Head of Controlling · source
• Markus Porsch
  Investment Manager · source
• Mathias Matusek
  Investment Manager · source
• Matthias Buchinger
  Investment Manager · source
• Matthias Wolf
  Investment Manager · source
• Regina Graßl
  Senior Investment Manager · source
• Thomas Manitta
  Senior Investment Manager · source
• Sarah Gscheider
  Investment Manager · source
• Stefan Aumer
  Investment Manager · source
• Dr. Vanessa Luzak
  Investment Manager · source

Links

• Website
• Official contact page

Frequently asked questions