# BW Capital Partners

> BW Capital Partners is a VC fund in Chicago backing Aerospace, Blockchain and Open Source. See 2 investments, check sizes, portfolio. Updated Sep 2026.

- Type: VC Fund
- Location: Chicago, United States
- Total investments: 2
- Last investment: Sep 2026
- Lead investor: 50%
- Fund size: $3.4M
- Last fund: Jul 2026
- Last updated: Sep 2026
- Website: http://www.bwcapitalpartners.com

BW Capital Partners is a VC fund in Chicago focused on Aerospace and Blockchain. BW Capital Partners invests in growth companies which are led by strong management teams. We look to partner with founders and management to facilitate growth through organic means as well as through thoughtful and diligent acquisition strategies. We generally source opportunities through our network of industry contacts and typically avoidshopped transactions. We have access to capital from our relationship with a $2 billion+ Chicago family office as well as from our investor network that has invested in deals with us over the years. Our investment outlook can be different than the traditional private equity firm model due to our family office model, where we can have a longer investment horizon.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Aerospace | 1 | 50% |
| Blockchain | 1 | 50% |
| Open Source | 1 | 50% |
| Manufacturing | 1 | 50% |
| Cyber Security | 1 | 50% |

7 industries tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Germany | 1 | 50% |
| United States | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| HyImpulse Technologies | HyImpulse develops dedicated sub-orbital and orbital launch services using hybrid propulsion-based launch vehicles. Their SR75 is a single stage sounding rocket using a hybrid rocket engine to deliver institutional and commercial experiments into a micro gravity environment during a suborbital flight. | $57.9M | Series A | Sep 02, 2026 | https://hyimpulse.de/en |
| SpiderOak | SpiderOak develops a technology that eliminates entire categories of cyberattacks. It addresses the compliance, security, and usability needs of today’s environments to enable teams to complete their mission without having to make compromises. The company's products leverage a unique combination of Zero-Trust encryption and private Blockchain,delivering solutions with a level of confidentiality, integrity, and availability unavailable until today. | $3.5M | Series A | May 14, 2015 | https://spideroak.com |

2 of 2 investments shown.

## Co-investors
- Ace Capital Partners — VC Fund, 1 deal together
- [Bayern Kapital](https://shizune.co/investors/profile/bayern-kapital) — VC Fund, 1 deal together
- [Campus Founders](https://shizune.co/investors/profile/campus-founders) — VC Fund, 1 deal together
- [DRW Venture Capital](https://shizune.co/investors/profile/drw-venture-capital) — VC Fund, 1 deal together
- German Aerospace Center Careers (DLR) — VC Fund, 1 deal together
- [Join Capital](https://shizune.co/investors/profile/join-capital) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does BW Capital Partners invest in?

BW Capital Partners invests primarily in Aerospace, Blockchain and Open Source startups, most often at Series A stage. Most of the 2 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did BW Capital Partners last invest?

The most recent investment recorded for BW Capital Partners closed in Sep 2026. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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