Bayern Kapital

Bayern Kapital is a public venture capital firm founded in 1995 and headquartered in Landshut, Bavaria, Germany. It is a wholly owned subsidiary of LfA Förderbank Bayern, the Bavarian state development bank. The firm invests exclusively in innovative, technology-oriented start-ups and scale-ups based in Bavaria, covering sectors including high-tech, deep tech, life sciences, software & IT, medical technology, materials, nanotechnology, AI, climate tech, and space. With approximately €1.3 billion under management and over 380 portfolio companies financed since inception, Bayern Kapital operates as an anchor co-investor — always investing alongside private investors on a pari-passu basis and taking only minority stakes. Investment tickets range from €250,000 to €50 million per company, spanning pre-seed through growth and scale-up stages across multiple rounds. The firm targets long-term investment horizons of up to eight to ten years. Founders can contact the team directly via the website; no formal online application portal is listed.