KfW Capital

KfW Capital KfW Capital is a 100% subsidiary of KfW Group, Germany's state development bank, operating as the country's largest fund-of-funds operator with €2.5B-plus committed to 150-plus VC funds. These funds in turn support 2,800-plus startups indirectly, making KfW Capital arguably the single most important institutional investor in the German startup ecosystem. The €1B Wachstumsfonds Deutschland (Growth Fund Germany) is one of Europe's largest VC fund-of-funds. In the past year alone, €425M