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Government-backed FundNo direct investingLAST VERIFIED Oct 2026 · 12 SOURCES

Investitionsbank Schleswig-Holstein (IB.SH)

State development bank wholly owned by Land Schleswig-Holstein

Also known as IB.SH, Investitionsbank Schleswig-Holstein

Kiel-based state development bank of Schleswig-Holstein; provides public equity to start-ups and SMEs through funds such as Innovationsfonds SH, run with MBG Schleswig-Holstein.

Not to be confused with IBG Beteiligungsgesellschaft Sachsen-Anhalt, nor with the Investitionsbankgesetz (IBG) that governs IB.SH.

HEADQUARTERS
Kiel, Germany
FOUNDED
2003
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
2 people

FOCUS

STAGES
Pre-SeedSeedGrowth
ASSET MIX
Venture capitalPrivate equity
GEOGRAPHY
Germany

WHAT IT IS

Government-backed Fund. Public money — a state or EU-backed vehicle investing on behalf of taxpayers, often with policy goals.

ABOUT

Investitionsbank Schleswig-Holstein (IB.SH) is the central development institute of the Land Schleswig-Holstein, an Anstalt des öffentlichen Rechts independent since 1 June 2003, wholly owned by the Land, with a BaFin banking licence and a balance sheet above EUR 20bn. Most of its business is loans and grants, but together with the Land, the EU (EFRE) and MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein it provides equity through the Innovationsfonds SH (EUR 50m, launched 2023), InnoGrowth SH, the Beteiligungsfonds Mittelstand SH and the Mittelstandsfonds Schleswig-Holstein. The programmes are provided through MBG Schleswig-Holstein.

INVESTMENT THESIS

Public equity for start-ups, innovative SMEs, business successions and established Mittelstand companies with a seat or site in Schleswig-Holstein; restructurings and refinancing of bank debt are excluded.

PORTFOLIO (2)

  • BalticMaterials (via Innovationsfonds SH)
    Climate & Energy
  • ANT AG (via Innovationsfonds SH)
    Industrial & Manufacturing

TEAM

  • Erk Westermann-Lammers
    Chairman of the Management Board (Vorsitzender des Vorstandes) · source
  • Dr. Michael Adamska
    Member of the Management Board · source

LINKS

FAQ

Investitionsbank Schleswig-Holstein (IB.SH) is a government-backed fund based in Kiel, Germany, founded in 2003.

Investitionsbank Schleswig-Holstein (IB.SH) does not primarily invest directly in private companies. It also commits capital to third-party funds as an LP.

Investitionsbank Schleswig-Holstein (IB.SH) invests at Pre-Seed, Seed and Growth stages in Industrial & Manufacturing, Climate & Energy and Software & SaaS.

Investitionsbank Schleswig-Holstein (IB.SH)'s stated ticket size is €50K–€1M.

Key people at Investitionsbank Schleswig-Holstein (IB.SH) include Erk Westermann-Lammers (Chairman of the Management Board (Vorsitzender des Vorstandes)) and Dr. Michael Adamska (Member of the Management Board).

Investitionsbank Schleswig-Holstein (IB.SH)'s investments include BalticMaterials (via Innovationsfonds SH) and ANT AG (via Innovationsfonds SH).

Investitionsbank Schleswig-Holstein (IB.SH) states that it accepts submissions through its official contact page.

No. Investitionsbank Schleswig-Holstein (IB.SH) invests its own capital and does not raise money from outside investors.