What investment strategy does LBBW Venture Capital focus on?

LBBW Venture Capital focuses on VC strategies in the private equity space.

How many portfolio companies does LBBW Venture Capital have?

LBBW Venture Capital has 24 active portfolio companies and 2 completed exits and 1 fund tracked on GP Intel.

Where is LBBW Venture Capital headquartered?

LBBW Venture Capital is headquartered in Stuttgart, Germany.

When was LBBW Venture Capital founded?

LBBW Venture Capital was founded in 1998.

What sectors does LBBW Venture Capital invest in?

LBBW Venture Capital invests across Software, Healthcare, Financials.

What are LBBW Venture Capital's recent exits?

Recent realized exits by LBBW Venture Capital include: Meshcapade (2026) to Epic Games; Phenex (2015) to Gilead Sciences.

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LBBW Venture Capital

Stuttgart, Germany·Founded 1998·

Venture Capital

·lbbwvc.de

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.

AUM

–

Funds

vintages 1998

Portfolio

Exits

LBBW Venture Capital is a Stuttgart venture capital firm with 24 active companies and 2 exits.

SectorsSoftware Healthcare Financials

Sector breakdown

26 companies

Biotech

8 · 31%

AI/ML

2 · 8%

Data & Analytics

2 · 8%

AdTech

2 · 8%

Fintech

2 · 8%

HealthTech

2 · 8%

SaaS

1 · 4%

FoodTech

1 · 4%

Geography breakdown

3 geographies

Germany

24 · 92%

1 · 4%

Switzerland

1 · 4%

Key facts

HQStuttgart, Germany

Founded1998

Employees9+

Websitelbbwvc.de

Recent exits

LBBW Venture Capital sold Meshcapade to Epic Games in 2026 after 3 years.

LBBW Venture Capital sold Phenex to Gilead Sciences in 2015 after 10 years.

Coverage notes

1 fund tracked, 26 portfolio companies (24 active · 2 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund LBBW Venture Capital has raised, with its portfolio companies. Hand-checked from public filings.

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

LBBW VC Evergreen VehicleActive

VC199824 assets2 exits

1998 · 28yr

–

Unrealized

24 held

Company	Entry
3yourmind SaaS · Germany	2021
Acousia Therapeutics Biotech · Germany	2018
ActiTrexx Biotech · Germany	2021
Aiperia AI/ML · Germany	2024
Applyo Jena Biotech · Germany	2024
Bluu Seafood FoodTech · Germany	2023
Cedalo Data & Analytics · Germany	2022
Code Intelligence Cybersecurity · Germany	2020
CorTec MedTech · Germany	2013
Crealytics AdTech · Germany	2011
Debtvision Fintech · Germany	2018
Epignostix HealthTech · Germany	2024
Exciva Biotech · Germany	2021
Impossible Cloud Cloud Infrastructure · Germany	2024
Leon Nanodrugs Biotech · Germany	2024
LICIT Solutions Biotech · Germany	2025
Metergrid ClimateTech · Germany	2025
Oska Health HealthTech · Germany	2026
Pentaleap AdTech · US	2024
Specter Automation Construction · Germany	2023
Teralytics Data & Analytics · Switzerland	2019
Threedy Deep Tech · Germany	2024
Umlaut.bio Biotech · Germany	2024
Xavin Fintech · Germany	2018

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Meshcapade AI/ML · Germany	2023	2026	Trade Sale	Epic Games	–
Phenex Biotech · Germany	2005	2015	Trade Sale	Gilead Sciences	–

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.

Frequently asked questions

What investment strategy does LBBW Venture Capital focus on?: LBBW Venture Capital focuses on VC strategies in the private equity space.
How many portfolio companies does LBBW Venture Capital have?: LBBW Venture Capital has 24 active portfolio companies and 2 completed exits and 1 fund tracked on GP Intel.
Where is LBBW Venture Capital headquartered?: LBBW Venture Capital is headquartered in Stuttgart, Germany.
When was LBBW Venture Capital founded?: LBBW Venture Capital was founded in 1998.
What sectors does LBBW Venture Capital invest in?: LBBW Venture Capital invests across Software, Healthcare, Financials.
What are LBBW Venture Capital's recent exits?: Recent realized exits by LBBW Venture Capital include: Meshcapade (2026) to Epic Games; Phenex (2015) to Gilead Sciences.