Bayern Kapital

About Bayern Kapital

Bayern Kapital is Bavaria's most active state-backed venture capital firm with €1.3 billion of participation volume (€340 million directly managed funds) as of December 2024, headquartered in Landshut (Bavaria). The firm was founded in 1995 as the state-backed VC arm of the Free State of Bavaria via LfA Förderbank Bayern, operating as a public VC company fully owned by LfA Förderbank Bayern. Bayern Kapital has built a 30-year track record with 320 plus investments and 3 unicorns (IQM, Quantum Systems, EGYM).

Investment thesis

Bayern Kapital deploys capital through approximately 10 active funds including Bayern Kapital Innovationsfonds, Bayerischer Wachstumsfonds I and II, ScaleUp-Fonds Bayern and Bayern Kapital Innovativ, targeting multi-stage anchor investments from pre-seed through scale-up with ticket sizes of €250k-50 million per company and long-term multi-round commitment. Sector focus spans deep tech, life sciences, AI, climate tech, SaaS, new space and quantum technology. Geographic deployment is anchored in Bavaria with broader Germany expansion.

Recent activity

Recent realised exits include fitness tech (2026), quantum computing hardware (2025), biopharma (2024) and defense and aerospace tech (2024). Recent acquisitions include aerospace and earth observation (February 2026), aerospace and simulation (January 2026) and quantum computing follow-on (September 2025). The platform continues active deployment across the Bavarian and broader German deep-tech ecosystem. Detailed buyer names and multiple data available on Pro at €29/month.