LBBW Venture Capital

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.