# Top 50 Hardware Startup Investors in Germany in June 2026

## HTGF (High-Tech Gruenderfonds)
- Type: VC Fund
- Location: Bonn, Nordrhein-Westfalen, Germany
- Relevant deals: 75
- Stages: Seed, Series A
- Focus: Software, Biotechnology, Information Technology

High-Tech Grunderfonds finances startups with growth potential. Its team of investment managers supports young companies with expertise, entrepreneurial spirit, and passion. The company focuses in the fields of digital tech, industrial tech, life sciences, chemistry, and related business areas. It also focuses on financial services in varioussectors.

## Bayern Kapital
- Type: VC Fund
- Location: Landshut, Bayern, Germany
- Relevant deals: 34
- Stages: Seed, Series A
- Focus: Software, Health Care, Information Technology

Bayern Kapital (founded at the end of 1995) is a wholly owned subsidiary of the LfA Foerderbank Bayern (Bavaria‘s development bank). Bayern Kapital’s objective is to finance research and development as well as the market launch of new products, product diversifications, and expansion of the market share.The requesting company has to be located inBavaria. Industries are e. g. IT/software, life sciences, new materials, micro-systems and environmental technologies.Bayern Kapital and its funds have invested in more than 250 companies and currently manages funds to the value of EUR 340 m. The five investing funds currently managed by Bayern Kapital are Seedfonds Bayern, Clusterfonds Start-Up!, Innovationsfonds, Innovationsfonds EFRE and Wachstumsfonds Bayern.

## TGFS - Technologiegründerfonds Sachsen
- Type: VC Fund
- Location: Leipzig, Sachsen, Germany
- Relevant deals: 32
- Stages: Seed, Series A
- Focus: Software, Information Technology, Manufacturing

TGFS - Technologiegruenderfonds Sachsen is an early stage VC fund targeting high tech startups with strong growth potential. The fund invests into ventures located in Saxony/Germany, Europe's leading semiconductor cluster. The team has invested into more than 120 companies so far, including more than 40 investments from the currentfund.

## UVC Partners
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 21
- Stages: Series A, Seed, Series B
- Focus: Software, Information Technology, SaaS

UVC Partners is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of enterprise software, industrial technologies, and mobility. The fund typically invests between € 0.5 - 10m initially and up to € 20m in total per company.

## bmp Ventures
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 17
- Stages: Seed, Series A
- Focus: Software, Information Technology, Manufacturing

bmp Ventures is an innovative Venture Capital Company from Berlin.
Since 1997 we’ve been investing Smart Money in Early Stage and Growth Startups. We finance ingenious business models with outstanding teams, who build fast-growing and sustainably profitable enterprises.

## KfW
- Type: VC Fund
- Location: Frankfurt, Hessen, Germany
- Relevant deals: 17
- Stages: Series A, Series B
- Focus: Biotechnology, Software, Health Care

KfW gives impetus to economic, social and ecological development worldwide. As a promotional bank under the ownership of the Federal Republic and the Länder (federal states), it offers support to encourage sustainable improvement in economic, social, ecological living and business conditions, among others in the areas of small and medium-sizedenterprise, entrepreneurialship, environmental protection, housing, infrastructure, education finance, project and export finance, and development cooperation.

## Earlybird Venture Capital
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 16
- Stages: Series A, Seed, Series B
- Focus: Software, Information Technology, Artificial Intelligence

Founded in 1997, Earlybird is a pan-European VC investor backing tech-enabled companies and investing in their growth and development. Funds include Earlybird, Earlybird Health, Growth Opportunities.

## NRW.BANK
- Type: VC Fund
- Location: Düsseldorf, Nordrhein-Westfalen, Germany
- Relevant deals: 15
- Stages: Seed, Series A, Series B
- Focus: Information Technology, Software, Biotechnology

NRW.BANK is the development bank for the state of North Rhine-Westphalia. It supports its owner – the state of North Rhine-Westphalia – in fulfilling its tasks, notably in the fields of structural, economic, social and housing policy. NRW.BANK pools the promotion and development programmes of the state of North Rhine-Westphalia, the FederalRepublic of Germany and the European Union and combines them with its own equity and debt products and advisory services. It offers the full range of financial products in three areas “Economy”, “Housing”, and “Infrastructure/Municipalities”. NRW.BANK operates in a competitively neutral manner as a partner of banks and savings banks.

## Atlantic
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 15
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Health Care, Financial Services

Atlantic Labs supports and invests in mission-driven founders working on transformative technology ventures.&nbsp;<br><br>We partner with founders early, providing the capital, tools and network necessary to growing their companies and accompanying them on their entrepreneurial journey. We are currently active in areas including Digital Health, Future of Work, Machine Learning, Decentralized Networks, Mobility and Industrial Applications.

## EnBW New Ventures
- Type: VC Fund
- Location: Karlsruhe, Baden-Wurttemberg, Germany
- Relevant deals: 15
- Stages: Series A, Seed, Series B
- Focus: Software, Artificial Intelligence, Power Grid

We support entrepreneurs to develop new solutions for a sustainable future - people, planet, profit - by leveraging our financially driven VC setup with the reach and skills of our corporate investor EnBW. 

## BayBG Venture Capital
- Type: VC Fund
- Location: München, Bayern, Germany
- Relevant deals: 14
- Stages: Series A, Series B
- Focus: Software, Information Technology, Health Care

Innovative post-revenue startups with first customers trust us as highly reliable investors. We have been an active player in the venture capital market for over 25 years. Due to our evergreen approach, we offer institutional venture capital without the limitations of the usual fund structure.  Predominantly we invest straight equity. Additionally,we can offer venture debt to mature startups close to break-even in order to avoid further dilution for founders. Being a private investment company we act as both lead investor or co-investor. We can also fulfill the private lead investor role for public investors like Bayern Kapital. Together we are increasing YOUR company's value.

## FTTF
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 13
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Artificial Intelligence, Manufacturing

Deep Tech Start-Ups without a proven use case have hard times raising capital in early stages. We help to overcome this financing gap.

## Vsquared Ventures
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 13
- Stages: Seed, Series A
- Focus: Artificial Intelligence, Semiconductor, Manufacturing

Vsquared Ventures invests in early-stage deep-tech companies that are tackling society's most pressing challenges, with a focus on quantum and novel computing, green energy, robotics, AI/ML, new space, synthetic biology, and healthcare. It is committed to a partnership and will go to any length to help accelerate and scale vision,unlocking all seemingly impossible possibilities.

## coparion
- Type: VC Fund
- Location: Cologne, Nordrhein-Westfalen, Germany
- Relevant deals: 13
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, FinTech

Coparion provides venture capital to accelerate momentum and growth. With a currently active fund of EUR 275 million, Coparion has the means to do so.Coparion supports entrepreneurial vision with know-how, but without intervening in daily business operations. Thanks to in-depth experience in venture capital and in building companies, the Coparionteam discerns potential and opens up new perspectives. Coparion has the substance, tenacity, and creativity required to mutually manage difficult situations successfully.Coparion only invests with co-investors. The fund invests up to EUR 15M per company, usually in several financing rounds of EUR 0.5-8M each. The investment focus is on German companies in the start-up and early growth phases. Coparion is based in Cologne and Berlin.

## Capnamic
- Type: VC Fund
- Location: Cologne, Nordrhein-Westfalen, Germany
- Relevant deals: 12
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Information Technology

Capnamic is a Venture Capital firm supporting ambitious founders in the German-speaking regions. Our focus is on the early stages, from (Pre-)Seed to Series A.

## MIG Capital
- Type: VC Fund
- Location: München, Bayern, Germany
- Relevant deals: 12
- Stages: Series A, Series B
- Focus: Biotechnology, Health Care, Therapeutics

MIG Capital is one of the leading German VC Investors. We invest in European Deep Tech and Life Sciences from early to late stage (Seed, Series A, and beyond). We use investments to shape a better tomorrow, today. Our team currently manages 17 MIG public venture capital funds regulated by BaFin, the German financial markets authority. These fundsoperate with more than EUR 1.2 billion capital committed by >60,000 private investors across Germany and Austria.Today, our portfolio consists of 30 companies.

## Target Partners
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 11
- Stages: Series A, Series B, Series C
- Focus: Software, SaaS, Enterprise Software

Target Partners is a German venture capital firm that invests in early-stage technology companies.
With 300 million Euro under management, Target Partners is one of the leading venture capital investors in Germany.The partners of Target Partners have years of collective experience as successful managers, entrepreneurs and venture capitalinvestors in Europe and the USA. They founded or led companies their selves, developed or sold technology products their selves. They have seen numerous companies through to IPO and beyond. They understand the challenges an entrepreneur faces and that the road to success often isn't simple and straight.Both in Europe and the USA Target Partners has a large network in industry and venture capital. They open doors for you to customers, business partners, experienced managers and financial markets. They support you in business development, in international expansion, in closing OEM or distribution contracts, and in acquisition decisions. In addition, several dozen European and US entrepreneurs and top managers, as well as a number of US venture capitalists, have personally invested in their funds and thus have a particularly strong interest in your company's success.

## Enjoyventure Management
- Type: VC Fund
- Location: Düsseldorf, Nordrhein-Westfalen, Germany
- Relevant deals: 11
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, E-Commerce

The EnjoyVenture Management is a private equity company that focuses its investments on the seed and early-stage companies.

## HV Capital
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 10
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Software, Internet

We support exceptional founders in building market leading digital companies.

## IFB Innovationsstarter
- Type: VC Fund
- Location: Hamburg, Hamburg, Germany
- Relevant deals: 10
- Stages: Seed, Grant
- Focus: Software, SaaS, Artificial Intelligence

The IFB Innovationsstarter is an innovation funding and investment company of the City of Hamburg providing grants and investments.

## Cherry Ventures
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 10
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Financial Services

Cherry Ventures is an early-stage venture capital firm led by a team of entrepreneurs with experience building fast-scaling companies such as Zalando and Spotify. The firm backs Europe's boldest founders, usually as their first institutional investor, and supports them in everything from their go-to-market strategy and the scaling of theirbusinesses. Cherry Ventures has previously invested in the seed stage of over 50 companies across Europe, including FlixBus, Auto1 Group, Infarm, Rows, Forto, and TourRadar. Cherry Ventures is based in Berlin and invests across Europe with operations in London, Paris, and Stockholm.

## b2venture
- Type: VC Fund
- Location: Saint Gallen, Sankt Gallen, Switzerland
- Relevant deals: 9
- Stages: Series A, Seed, Series B
- Focus: Software, Health Care, Information Technology

B2venture is a venture capital firm focused on early-stage investments in digital and industrial technology companies. B2venture invests EUR 100m+ per year in high-growth companies with ticket sizes from EUR 0.25m to 3.5m.

## bm-t beteiligungsmanagement thuringen
- Type: VC Fund
- Location: Erfurt, Thuringen, Germany
- Relevant deals: 9
- Stages: Seed, Series A
- Focus: Software, Information Technology, Health Care

bm|t supports innovative and growth-oriented companies in Thuringia with equity investments and venture capital.

## Picus Capital
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 9
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, Software, FinTech

Picus Capital is an early-stage technology investment firm with a long-term investment philosophy. We work together with daring technology companies to build successful, global companies challenging the status quo and shaping tomorrow.

## Brandenburg Kapital
- Type: VC Fund
- Location: Potsdam, Brandenburg, Germany
- Relevant deals: 9
- Stages: Seed, Series A
- Focus: Software, Information Technology, Health Care

With a track record of over 20 years in venture capital and experience from more than 200 investments in numerous companies BFB Brandenburg Kapital GmbH (BFB) is the most active equity investor in Brandenburg. BFB invests in fast-growing technology-orientated companies throughout the whole life-cycle. Target sectors are ICT/Digital Economy,Life Science, MedTech, Proptech, Industrial Applications. BFB invests in companies based in or with facilities in Brandenburg. The current VC fund is financed by the European Regional Development Fund (ERDF) an Investitionsbank des Landes Brandenburg (ILB).

## IBB Ventures
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 9
- Stages: Seed, Series A
- Focus: Software, Health Care, SaaS

Pre-Seed to Series A for Berlin-based founders. Where 30 years of expertise, capital and execution power meet.

## First Momentum Ventures
- Type: VC Fund
- Location: Karlsruhe, Baden-Wurttemberg, Germany
- Relevant deals: 8
- Stages: Pre-Seed, Seed
- Focus: Software, Artificial Intelligence, Information Technology

Pre-Seed B2B Tech VC - Engineers at heart, investors by choice

## redalpine
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 8
- Stages: Seed, Series A, Series B
- Focus: Biotechnology, Health Care, Software

redalpine is a thesis-driven vc with deep expertise in software and science. since 2006. we believe in the power of big ideas and in empowering game changers. we don't just invest, we co-create a better tomorrow. together with you.

## Future Energy Ventures
- Type: VC Fund
- Location: Essen, Nordrhein-Westfalen, Germany
- Relevant deals: 8
- Stages: Seed, Series A
- Focus: Software, Energy, Information Technology

Future Energy Ventures is a unique venture capital fund that brings together corporate partners and world-class start-ups to shape the future energy landscape. Future Energy Ventures invests in digital and digitally enabled technologies and business models that have the potential to redefine the future energy landscape.From its operational hubsin Germany, Israel and Silicon Valley, Future Energy Ventures looks for both investments and scaling opportunities for its portfolio globally and new investment opportunities.Future Energy Ventures is the venture capital investment and collaboration platform of E.ON, one of Europe’s largest operators of energy networks and energy-related infrastructure.

## BlueYard Capital
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 8
- Stages: Seed, Series A
- Focus: Software, Biotechnology, Internet

BlueYard backs founders building the interconnected elements that can become the fabric of our future.

## Global Founders Capital
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 8
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, Software, FinTech

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

## Balderton Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 7
- Stages: Series A, Series B, Series C
- Focus: Software, Financial Services, Artificial Intelligence

In the two decades since our founding, we have worked with hundreds of extraordinary European founders, and have raised eight funds totalling more than $3bn.

## eCAPITAL ENTREPRENEURIAL PARTNERS
- Type: VC Fund
- Location: Münster, Nordrhein-Westfalen, Germany
- Relevant deals: 7
- Stages: Series A, Series B
- Focus: Information Technology, Software, Manufacturing

eCAPITAL is a venture capital investor that provides early to growth stage funding to technology and deep tech companies.

## Crane Venture Partners
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Crane is a London based VC firm investing and building seed and early stage intelligent enterprise and deep technology businesses across Europe. Our strategy is to support founders in building and executing their go-to-market strategy.

## Senovo
- Type: VC Fund
- Location: München, Bayern, Germany
- Relevant deals: 6
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, Information Technology

Senovo is an early-stage VC funding global B2B SaaS category-leaders from Europe in Seed or Series A fundraising rounds. The fund invests into enterprise software startups in the areas of process optimization, industry 4.0 and data-enabled solution. The investor supports tech entrepreneurs in scaling marketing, sales, organisation, finance and KPIs.

## La Famiglia
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Artificial Intelligence

We are an early-stage venture capital fund backing the best tech entrepreneurs across Europe and the US

## APEX Ventures
- Type: VC Fund
- Location: Vienna, Wien, Austria
- Relevant deals: 6
- Stages: Seed, Series A, Pre-Seed
- Focus: Artificial Intelligence, Software, Health Care

APEX Ventures is a deep-tech and medical-focused venture capital firm.

## L-Bank
- Type: VC Fund
- Location: Karlsruhe, Baden-Wurttemberg, Germany
- Relevant deals: 6
- Stages: Pre-Seed, Series A
- Focus: Software, Information Technology, Manufacturing

The L-Bank is committed to ensuring a high-performing economy, a high quality of life and a secure future. For individuals who want to gainfully employ their strengths or need support to develop them. For businesses that create jobs through their commitment and for communities seeking to improve the quality of their inhabitants' lives. Inshort: for Baden-Württemberg.

## Matterwave Ventures
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

We empower early-stage hardware and software companies to reshape industrial value chains and become global leaders.

## Fluxunit - Osram Ventures
- Type: VC Fund
- Location: München, Bayern, Germany
- Relevant deals: 6
- Stages: Series A, Seed
- Focus: Software, 3D Technology, Manufacturing

Looking for venture capital? We are the Munich based corporate VC arm of ams OSRAM and invest in startups in photonics, opto-electronic and sensing.

## Born2Grow
- Type: VC Fund
- Location: Heilbronn, Baden-Wurttemberg, Germany
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: Software, Medical, Health Care

Born2Grow is a german venture fund focusing on early stage investments. They invest up to 500k€ in innovative business models. They are based in Heilbronn in Baden-Wuerttemberg. Born2Grow focus on investments lies within the MedTech, BioTech, FinTech area as well as some other online industries

## Angel Invest
- Type: VC Fund
- Location: Frankfurt, Hessen, Germany
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Artificial Intelligence, SaaS

Angel Invest is one of Europe's most active angel funds

## IBG Beteiligungsgesellschaft Sachsen-Anhalt
- Type: VC Fund
- Location: Magdeburg-rothensee, Sachsen-Anhalt, Germany
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Software, Electronics, Manufacturing

IBG Beteiligungsgesellschaft Sachsen-Anhalt is a venture capital firm makes investments in territories such as Germany and Denmark.

## TEV Ventures
- Type: VC Fund
- Location: Essen, Nordrhein-Westfalen, Germany
- Relevant deals: 6
- Stages: Series A, Seed
- Focus: E-Commerce, Internet, Fashion

Cusp Capital is a venture capital firm focused on European software and technology. The fund invests in early-stage companies on the cusp of redefining their industries by channeling new socioeconomic and technological paradigms.

## AM Ventures
- Type: VC Fund
- Location: Starnberg, Bayern, Germany
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: 3D Printing, Manufacturing, Software

We back trailblazing entrepreneurs who transform the world with industrial 3D printing.

## Verve Ventures
- Type: VC Fund
- Location: Zug, Zug, Switzerland
- Relevant deals: 6
- Stages: Series A, Seed, Series B
- Focus: Health Care, Software, Biotechnology

Verve Ventures has invested in more than 140 science and technology startups. We support visionary and resilient entrepreneurs from day one and are a reliable partner for the entire journey. We typically invest EUR 1-3m in early as well as later stage rounds of European high tech startups.

## LBBW VC
- Type: VC Fund
- Location: Stuttgart, Baden-Wurttemberg, Germany
- Relevant deals: 6
- Stages: Series A, Seed, Series B
- Focus: Software, Biotechnology, Health Care

We help brilliant teams with a strong moat to establish visionary market leaders.

## Robin Capital
- Type: VC Fund
- Location: Hamburg, Hamburg, Germany
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Artificial Intelligence, SaaS

Robin Capital focuses on software and technology solutions that address meaningful problems but am vertical agnostic.

## Christian Dahlen
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Analytics, Information Technology

Christian Dahlen is a business angel. He provides expert capital and venture advice to B2B SW startups in Silicon Valley and in Germany. He is a member of the Band of Angels, Silicon Valley's oldest seed funding organization. Christian was a VP at SAP  and held various roles in business strategy and operations. Prior to SAP, he was theGeneral Manager for the Internet and phone business of Kabel Deutschland (KDG), Germany's largest cable operator. He joined KDG from Excite@Home, and before that was with McKinsey & Co.

## Project A Ventures
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 5
- Stages: Seed, Series A, Series B
- Focus: Software, E-Commerce, Information Technology

Project A is an early-stage venture capital firm, combining financial and operational support for technology companies. In addition to $1bn in assets under management, Project A provides its portfolio companies with a wide range of operational support services. This includes more than 100 experts from key areas such as software engineering,business intelligence, marketing, and recruiting. The portfolio includes companies such as Trade Republic, sennder, KRY, Catawiki, WorldRemit, Spryker, and Voi.