MIG Capital
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
33
Exits
10
SectorsHealthcareTMTIndustrialsSoftwareEnergy
Key facts
Recent exits
German Bionic
Industrials · 2025 · 5yr hold
Advanced Medical Balloons
MedTech · 2025 · 10yr hold
Biocrates
Biotech · 2025 · 6yr hold
Cynora
Deep Tech · 2022 · 10yr hold
Coverage notes
6 funds tracked, 43 portfolio companies (33 active · 10 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund MIG Capital has raised, with its portfolio companies. Hand-checked from public filings.
6 funds
MIG Fonds 18VC2024 · 2yr€100M3 active
Unrealized
3 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| CoreMedic | MedTech | Germany | 2025 |
| NcodiN | Deep Tech | France | 2025 |
| TIBEAY Biosciences | Biotech | Netherlands | 2026 |
CoreMedicActive
MedTechGermany· Entry 2025
NcodiNActive
Deep TechFrance· Entry 2025
TIBEAY BiosciencesActive
BiotechNetherlands· Entry 2026
MIG Fonds 17Evergreen2022 · 4yr7 active · 1 realized
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| ASTRA Therapeutics | Biotech | Germany | 2025 |
| GlassPoint | Energy | United States | 2024 |
| HawkCell | MedTech | France | 2024 |
| IQM Quantum Computers | Deep Tech | Finland | 2019 |
| Look Up Space | Deep Tech | France | 2023 |
| SciRhom | Biotech | Germany | 2024 |
| TALPA Solutions | Software | Germany | 2023 |
ASTRA TherapeuticsActive
BiotechGermany· Entry 2025
GlassPointActive
EnergyUnited States· Entry 2024
HawkCellActive
MedTechFrance· Entry 2024
IQM Quantum ComputersActive
Deep TechFinland· Entry 2019
Look Up SpaceActive
Deep TechFrance· Entry 2023
SciRhomActive
BiotechGermany· Entry 2024
TALPA SolutionsActive
SoftwareGermany· Entry 2023
Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| German Bionic | Industrials | Germany | 2020 | 2025 | Secondary | – | – |
MIG Fonds 16Evergreen2019 · 7yr12 active · 2 realized
Unrealized
12 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Hypros | Industrials | Germany | 2018 |
| Inbolt | Deep Tech | France | 2022 |
| Innatera | Deep Tech | Netherlands | 2020 |
| iOmx Therapeutics | Biotech | Germany | 2021 |
| KEWAZO | Industrials | Germany | 2018 |
| Liva Healthcare | Industrials | Denmark | 2019 |
| mbiomics | Biotech | Germany | 2023 |
| Mimi Hearing Technologies | Industrials | Germany | 2021 |
| NeraCare | MedTech | Germany | 2020 |
| November | Deep Tech | Germany | 2018 |
| Temedica | Industrials | Germany | 2020 |
| Zadient Technologies | Deep Tech | France | 2021 |
HyprosActive
IndustrialsGermany· Entry 2018
InboltActive
Deep TechFrance· Entry 2022
InnateraActive
Deep TechNetherlands· Entry 2020
iOmx TherapeuticsActive
BiotechGermany· Entry 2021
KEWAZOActive
IndustrialsGermany· Entry 2018
Liva HealthcareActive
IndustrialsDenmark· Entry 2019
mbiomicsActive
BiotechGermany· Entry 2023
IndustrialsGermany· Entry 2021
NeraCareActive
MedTechGermany· Entry 2020
NovemberActive
Deep TechGermany· Entry 2018
TemedicaActive
IndustrialsGermany· Entry 2020
Zadient TechnologiesActive
Deep TechFrance· Entry 2021
Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Advanced Medical Balloons | MedTech | Germany | 2015 | 2025 | Trade Sale | – | |
| Biocrates | Biotech | Austria | 2019 | 2025 | Trade Sale | – |
MIG Fonds 15Evergreen2015 · 11yr3 active · 2 realized
Unrealized
3 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| GWA Hygiene | HealthTech | Germany | 2018 |
| KONUX | Industrials | Germany | 2016 |
| NavVis | Deep Tech | Germany | 2014 |
GWA HygieneActive
HealthTechGermany· Entry 2018
KONUXActive
IndustrialsGermany· Entry 2016
NavVisActive
Deep TechGermany· Entry 2014
MIG Fonds 8Evergreen2009 · 17yr1 active · 2 realized
MIG Fonds 5Evergreen2007 · 19yr7 active · 3 realized
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| advanceCOR | Biotech | Germany | 2012 |
| AFFiRiS | Biotech | Austria | 2006 |
| AmSilk | Biotech | Germany | 2008 |
| Immatics | Biotech | Germany | 2010 |
| instrAction | Deep Tech | Germany | 2008 |
| Isarna Therapeutics | Biotech | Germany | 2005 |
| OD-OS | MedTech | Germany | 2008 |
advanceCORActive
BiotechGermany· Entry 2012
AFFiRiSActive
BiotechAustria· Entry 2006
AmSilkActive
BiotechGermany· Entry 2008
ImmaticsActive
BiotechGermany· Entry 2010
instrActionActive
Deep TechGermany· Entry 2008
Isarna TherapeuticsActive
BiotechGermany· Entry 2005
OD-OSActive
MedTechGermany· Entry 2008
Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| BRAIN Biotech | Biotech | Germany | 2006 | 2016 | IPO | – | – |
| Ganymed Pharmaceuticals | Biotech | Germany | 2007 | 2016 | Trade Sale | – | |
| SuppreMol | Biotech | Germany | 2007 | 2015 | Trade Sale | – |
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