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MIG Capital

MIG Capital

Munich, Germany·Founded 2004··mig.ag

MIG Capital is a Munich-based venture capital manager that invests in early and growth-stage deeptech and life-sciences companies across German-speaking Europe through its sequential retail MIG Fonds (MIG Fonds 1 to 18), managing roughly 1.3 billion euros for private investors. It is best known as an early backer of BioNTech and has floated or sold companies including BioNTech, Immatics, BRAIN, NFON and Siltectra.

AUM
€1.3B
Funds
6
vintages 2007–2024
Portfolio
31
Exits
12

Key facts

HQMunich, Germany
Founded2004
Employees20+
Websitemig.ag

Recent exits

German Bionic
German Bionic
Industrials2025 · 5yr hold
Advanced Medical Balloons
MedTech2025 · 10yr hold
Biocrates
Biocrates
Biotech2025 · 6yr hold
Cynora
Deep Tech2022 · 10yr hold

Coverage notes

6 funds tracked, 43 portfolio companies (31 active · 12 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

43 companies
Biotech
16 · 37%
Deep Tech
11 · 26%
Industrials
7 · 16%
MedTech
5 · 12%
Energy
1 · 2%
Software
1 · 2%
HealthTech
1 · 2%
Telecom
1 · 2%

Funds & portfolio

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

6 funds
MIG Fonds 18VC
2024 · 2yr€100M3 active

Unrealized

3 held
CoreMedic
CoreMedicActive
MedTechGermany· Entry 2025
NcodiNActive
Deep TechFrance· Entry 2025
BiotechNetherlands· Entry 2026
MIG Fonds 17EvergreenActive
2022 · 4yr7 active · 1 realized

Unrealized

7 held
BiotechGermany· Entry 2025
GlassPointActive
EnergyUS· Entry 2024
HawkCellActive
MedTechFrance· Entry 2024
Deep TechFinland· Entry 2019
Deep TechFrance· Entry 2023
SciRhomActive
BiotechGermany· Entry 2024
SoftwareGermany· Entry 2023

Realized

1 exit
German Bionic
German BionicExited 2025
IndustrialsGermany· Entry 2020
Secondaryto
MIG Fonds 16EvergreenActive
2019 · 7yr€148M12 active · 2 realized

Unrealized

12 held
HyprosActive
IndustrialsGermany· Entry 2018
Inbolt
InboltActive
Deep TechFrance· Entry 2022
Innatera
InnateraActive
Deep TechNetherlands· Entry 2020
BiotechGermany· Entry 2021
KEWAZO
KewazoActive
IndustrialsGermany· Entry 2018
IndustrialsDenmark· Entry 2019
mbiomics
mbiomicsActive
BiotechGermany· Entry 2023
IndustrialsGermany· Entry 2021
NeraCareActive
MedTechGermany· Entry 2020
NovemberActive
Deep TechGermany· Entry 2018
Temedica
TemedicaActive
IndustrialsGermany· Entry 2020
Deep TechFrance· Entry 2021

Realized

2 exits
MedTechGermany· Entry 2015
Trade Saleto
Biocrates
BiocratesExited 2025
BiotechAustria· Entry 2019
Trade Saleto
MIG Fonds 15EvergreenActive
2015 · 11yr3 active · 2 realized

Unrealized

3 held
GWA HygieneActive
HealthTechGermany· Entry 2018
KONUX
KonuxActive
IndustrialsGermany· Entry 2016
NavVis
NavVisActive
Deep TechGermany· Entry 2014

Realized

2 exits
CynoraExited 2022
Deep TechGermany· Entry 2012
Trade Saleto
SiltectraExited 2018
Deep TechGermany· Entry 2011
Trade Saleto
MIG Fonds 8EvergreenActive
2009 · 17yr0 active · 3 realized

Realized

3 exits
BioNTech
BioNTechExited 2021
BiotechGermany· Entry 2008
IPO
Immatics
ImmaticsExited 2020
BiotechGermany· Entry 2010
IPOto
NFONExited 2018
TelecomGermany· Entry 2009
IPO
MIG Fonds 5EvergreenActive
2007 · 19yr6 active · 4 realized

Unrealized

6 held
advanceCORActive
BiotechGermany· Entry 2012
AFFiRiS
AFFiRiSActive
BiotechAustria· Entry 2006
AmSilkActive
BiotechGermany· Entry 2008
instrAction
instrActionActive
Deep TechGermany· Entry 2008
BiotechGermany· Entry 2005
OD-OS
Od-osActive
MedTechGermany· Entry 2008

Realized

4 exits
BRAIN Biotech
BRAIN BiotechExited 2016
BiotechGermany· Entry 2006
IPO
BiotechGermany· Entry 2007
Trade Saleto
Immatics
ImmaticsExited 2020
BiotechGermany· Entry 2010
IPO
SuppreMolExited 2015
BiotechGermany· Entry 2007
Trade Saleto
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Last updated August 2026 · Sourced from public filings · Report an issue