LBBW Venture Capital
LBBW Venture Capital is the Stuttgart-based corporate venture arm of Landesbank Baden-Wuerttemberg, founded in 1998 to invest directly and early-stage from the bank's balance sheet in DACH startups across digital transformation, life science and fintech.
Key facts
Recent exits
Coverage notes
1 fund tracked, 26 portfolio companies (24 active · 2 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
26 companiesFunds & portfolio
Every fund LBBW Venture Capital has raised, with its portfolio companies. Hand-checked from public filings.
LBBW VC Evergreen VehicleVCActive1998 · 28yr24 active · 2 realized
Unrealized
24 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| SaaS |  Germany | 2021 | |
| Biotech | Germany | 2018 | |
| Biotech | Germany | 2021 | |
| AI/ML | Germany | 2024 | |
| Biotech | Germany | 2024 | |
| FoodTech | Germany | 2023 | |
| Software | Germany | 2022 | |
| Cybersecurity | Germany | 2020 | |
| MedTech | Germany | 2013 | |
| AdTech | Germany | 2011 | |
| Fintech | Germany | 2018 | |
| HealthTech | Germany | 2024 | |
| Biotech | Germany | 2021 | |
| Cloud Infrastructure | Germany | 2024 | |
| Biotech | Germany | 2024 | |
| Biotech | Germany | 2025 | |
| Energy | Germany | 2025 | |
| HealthTech | Germany | 2026 | |
| AdTech |  US | 2024 | |
| Construction | Germany | 2023 | |
| Data & Analytics |  Switzerland | 2019 | |
| Software | Germany | 2024 | |
| Biotech | Germany | 2024 | |
| Fintech | Germany | 2018 |
Germany· Entry 2021Germany· Entry 2018Germany· Entry 2021Germany· Entry 2024Germany· Entry 2024Germany· Entry 2023Germany· Entry 2022Germany· Entry 2020Germany· Entry 2013Germany· Entry 2011Germany· Entry 2018Germany· Entry 2024Germany· Entry 2021Germany· Entry 2024Germany· Entry 2024Germany· Entry 2025Germany· Entry 2025Germany· Entry 2026US· Entry 2024Germany· Entry 2023Switzerland· Entry 2019Germany· Entry 2024Germany· Entry 2024Germany· Entry 2018Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| AI/ML | Germany | 2023 | 2026 | Trade Sale | – | ||
| Biotech | Germany | 2005 | 2015 | Trade Sale | – |
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About LBBW Venture Capital
LBBW Venture Capital is the corporate venture subsidiary of Landesbank Baden-Württemberg (LBBW) with an evergreen balance-sheet mandate (~€150-200 million deployed proxy via 85 plus portfolio companies at typical €0.5-5 million tickets), headquartered in Stuttgart. The firm was founded in 1998 as a wholly-owned corporate-VC subsidiary of LBBW (German Landesbank) operating an evergreen balance-sheet model.
Investment thesis
LBBW Venture Capital deploys capital through an evergreen balance-sheet vehicle (no discrete fund vintages publicly disclosed), targeting late-seed to Series B equity tickets of €0.5-5 million (up to €3 million initial) as a long-hold investor leveraging the parent bank's commercial banking relationships. Sector focus spans deep and B2B tech, enterprise IT, IoT and Industry 4.0, AI and ML and data, fintech and life science and healthtech (medtech, diagnostics). Geographic deployment is DACH-focused (Germany, Austria, Switzerland) with primary concentration in Baden-Württemberg and Bavaria. The Landesbank-backed evergreen capital enables patient holds in deep tech and life science.
Recent activity
Recent realised exits include software and enterprise (2024). Recent acquisitions include construction-tech (2025), industrial bio and life science (2025), AI and knowledge-tech (2025) and aerospace and deep-tech (2024). The platform continues active deployment across the DACH deep-tech and life science ecosystem. Detailed buyer names and multiple data available on Pro at €29/month.
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Germany·€1.4BGet the full picture on LBBW Venture Capital.
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