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Government-backed FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 15 SOURCES

SBG Sächsische Beteiligungsgesellschaft

Subsidiary ('Ein Unternehmen der') of Sächsische Aufbaubank – Förderbank (SAB)

Also known as SBG – Sächsische Beteiligungsgesellschaft mbH, SBG Sachsen

Dresden public investment company of the Sächsische Aufbaubank; open and silent stakes in Saxon start-ups and SMEs for founding, innovation, growth, transformation and succession.

Public investment company of the Sächsische Aufbaubank (Dresden); not to be confused with the MBG Sachsen (Mittelständische Beteiligungsgesellschaft Sachsen) or with TGFS / CFH Management (Leipzig).

HEADQUARTERS
Dresden, Germany
FOUNDED
1997
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
4 people

Focus

STAGES
Pre-SeedSeedSeries AGrowthBuyout
SECTORS
Industrial & ManufacturingHealthTechBiotech & Life SciencesConsumer & E-commerceFood & AgricultureDeep Tech
ASSET MIX
Direct investmentsVenture capital
GEOGRAPHY
Germany

Overview

SBG – Sächsische Beteiligungsgesellschaft mbH is a Dresden-based company of the Sächsische Aufbaubank – Förderbank (SAB), Saxony's development bank, and has been active since 1997. It strengthens the equity of independent Saxon Mittelstand companies with open and silent participations across the life cycle: start-up financing for university competition winners under the StartupLab Sachsen programme, Innovationskapital Sachsen for innovative start-ups and SMEs alongside a private lead investor, and growth, transformation and succession participations. It reports a participation volume of €216.5m as of 31 December 2025.

Investment thesis

Partner of the group-independent Saxon Mittelstand: StartupLab Sachsen start-up stakes for winners of the TU Dresden, TU Chemnitz and Universität Leipzig founder competitions; Innovationskapital Sachsen (silent and/or open minority stakes, usually €1m–€5m, up to 70% of a round of €2m+ led by an experienced private investor on equal terms); growth, transformation and succession participations usually €300k–€1m, terms up to 10 years.

PORTFOLIO (22)

People

  • Frank Tappert
    Managing Director (Geschäftsführer) · source
  • Torsten Kühne
    Managing Director (Geschäftsführer) · source
  • Steven Münzner
    Investment Manager (Beteiligungsmanager) · source
  • Frank Däderich
    Investment Manager (Beteiligungsmanager) · source

Links

Frequently asked questions

SBG Sächsische Beteiligungsgesellschaft is a government-backed fund based in Dresden, Germany, founded in 1997.

Yes. SBG Sächsische Beteiligungsgesellschaft invests its own capital in private companies.

SBG Sächsische Beteiligungsgesellschaft invests at Pre-Seed, Seed, Series A, Growth and Buyout stages in Industrial & Manufacturing, HealthTech, Biotech & Life Sciences, Consumer & E-commerce, Food & Agriculture and Deep Tech.

SBG Sächsische Beteiligungsgesellschaft's stated ticket size is Up to €5M.

Key people at SBG Sächsische Beteiligungsgesellschaft include Frank Tappert (Managing Director (Geschäftsführer)), Torsten Kühne (Managing Director (Geschäftsführer)), Steven Münzner (Investment Manager (Beteiligungsmanager)) and Frank Däderich (Investment Manager (Beteiligungsmanager)).

SBG Sächsische Beteiligungsgesellschaft's investments include Brockmann Klima, Bäckerei Bärenhecke, Freizeitpark Plohn, gecko two, ILKAZELL, Knack-Frisch, Ligenium and novajet, among others.

The most recent publicly reported investment by SBG Sächsische Beteiligungsgesellschaft is Diamics GmbH, announced in Aug 2026.

SBG Sächsische Beteiligungsgesellschaft states that it accepts submissions through its official contact page.

No. SBG Sächsische Beteiligungsgesellschaft invests its own capital and does not raise money from outside investors.