# NRW.BANK

> NRW.BANK is a VC fund backing Information Technology and Software. See 131 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Düsseldorf, Germany
- Total investments: 131
- Last investment: Jun 2026
- Lead investor: 21%
- Last fund: Jan 2023
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/nrw.bank/
- X (Twitter): https://www.twitter.com/nrwbank
- Website: http://www.nrwbank.de
- Facebook: https://www.facebook.com/pg/NRWBANK-153162571441564/

NRW.BANK is a VC fund in Düsseldorf focused on Information Technology and Software. 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.

## Contacts

5 contacts available for NRW.BANK. Shizune tracks 7 team members at NRW.BANK. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/nrw-bank?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $219k–$7.7M |
| Series A | $3.8M–$36M |
| Series B | $3.8M–$71M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Information Technology | 16 | 12% |
| Software | 15 | 11% |
| Biotechnology | 13 | 10% |
| Health Care | 12 | 9% |
| Medical | 9 | 7% |

134 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 24 | 18% |
| Series A | 18 | 14% |
| Series B | 15 | 11% |
| Pre-Seed | 14 | 11% |
| Funding Round | 14 | 11% |

11 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Germany | 74 | 56% |
| United States | 2 | 2% |
| France | 1 | 1% |
| Switzerland | 1 | 1% |
| United Kingdom | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Aristotelis Nastos | Head of Life Sciences & Cleantech | 3 | https://shizune.co/investors/profile/dr-aristotelis-nastos |
| Claas Heise | Executive Director | 0 | https://shizune.co/investors/profile/claas-heise |
| Dietrich Suhlrie | Member of the Managing Board | 0 | https://shizune.co/investors/profile/dietrich-suhlrie |
| Eckhard Forst | Chairman of the Managing Board | 0 | https://shizune.co/investors/profile/eckhard-forst |
| Gabriele Pantring | Member of the Managing Board | 0 | https://shizune.co/investors/profile/gabriele-pantring |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ENTRYZERO | ENTRYZERO is a cybersecurity startup that develops an AI-powered software platform specializing in Threat Exposure Management,the company helps organizations continuously monitor their digital attack surface from a hacker’s perspective to identify and mitigatevulnerabilities automatically. |  | Seed | Jun 25, 2026 |  |
| Nuclidium | NUCLIDIUM is a clinical-stage radiopharmaceutical company that develops novel radionuclide PET tracers for precision diagnostics. Using copper isotopes, Copper-61 for diagnostics and Copper-67 for therapeutics, the company is creating a differentiated platform with the potential to overcome existing limitations in radiotheranostics. | $33.6M | Series B | May 28, 2026 |  |
| eleQtron | eleQtron creates and operates quantum computers based on trapped ions, radio frequency control, and Magnetic Gradient Induced Coupling (MAGIC). It also puts forward novel ideas for scalable quantum processors based on RF-controlled trapped ions. eleQtron will run MAGIC quantum computers and provide quantum computing performance on a subscriptionbasis. | $66.6M | Series A | May 05, 2026 |  |
| odacova | Odacova is a SaaS company that provides individualized nutrition for corporate cafeterias and employee eating, utilizing web, Android, and iOS platforms. |  | Seed | Apr 28, 2026 |  |
| BioThrust | BioThrust develops customized gassing solutions for bioreactors. |  | Pre-Seed | Apr 23, 2026 |  |
| Cellbox Solutions | Cellbox Solutions is a young technology company that focuses on innovative logistic solutions for the global BioMed industry. | $4.1M | Series A | Mar 05, 2026 |  |
| Pheno-Inspect | Pheno-Inspect is a German AgTech startup focused on AI-driven precision agriculture, particularly plant phenotyping and crop monitoring via image analysis from drones, smartphones, and satellites. The company develops the Plant-Analyzer platform to automate complex tasks like measuring plant traits, detecting weeds or diseases, generatingprescription maps, and enabling data-driven agronomy at the single-plant level. Their vision emphasizes sustainable farming through scalable, self-adapting computer vision models that standardize phenotyping for breeding, research, and field operations. |  | Seed | Feb 04, 2026 |  |
| Co-reactive | Co-reactive is a ClimateTech startup that provides decarbonization of the construction industry at scale. Co-reactive works with suppliers of CO₂ and raw materials, manufacturers of cement and concrete, and certification bodies throughout the value chain to scale from pilot plants to large industrial units in the range of 100–300 kilotons. Feedback | $7.7M | Seed | Jan 27, 2026 |  |
| DISCO Pharmaceuticals | DISCO Pharmaceuticals is a firm that specializes in large-scale surfaceome unlocking of cancer cells. | $42.3M | Seed | Dec 11, 2025 |  |
| maesn | Integration-as-Service Provider based on IPaaS | $2.6M | Seed | Nov 04, 2025 |  |

10 of 131 investments shown.

## Co-investors
- [Capnamic](https://shizune.co/investors/profile/capnamic-ventures) — VC Fund, 11 deals together
- [HTGF (High-Tech Gruenderfonds)](https://shizune.co/investors/profile/high-tech-gr%C3%BCnderfonds) — VC Fund, 11 deals together
- [KfW](https://shizune.co/investors/profile/kfw) — VC Fund, 8 deals together
- [Capacura](https://shizune.co/investors/profile/capacura) — VC Fund, 7 deals together
- [Gruenderfonds Ruhr](https://shizune.co/investors/profile/gruenderfonds-ruhr) — VC Fund, 7 deals together
- [Wellington Partners](https://shizune.co/investors/profile/wellington-partners) — VC Fund, 7 deals together

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## FAQ

### What does NRW.BANK invest in?

NRW.BANK invests primarily in Information Technology, Software and Biotechnology startups, most often at Seed and Series A stage. Most of the 131 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is NRW.BANK's check size?

NRW.BANK typically joins rounds of $219k–$7.7M at Seed, $3.8M–$36M at Series A and $3.8M–$71M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds NRW.BANK participates in.

### How do I contact NRW.BANK?

Public channels for NRW.BANK include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at NRW.BANK?

The team at NRW.BANK includes Aristotelis Nastos (Head of Life Sciences & Cleantech), Claas Heise (Executive Director) and Dietrich Suhlrie (Member of the Managing Board), among 7 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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