What investment strategy does MIG Capital focus on?

MIG Capital focuses on VC, Growth strategies in the private equity space.

How many portfolio companies does MIG Capital have?

MIG Capital has 31 active portfolio companies and 12 completed exits and 6 funds tracked on GP Intel.

Where is MIG Capital headquartered?

MIG Capital is headquartered in Munich, Germany.

What is MIG Capital's assets under management?

MIG Capital manages approximately €1.3B in assets under management.

When was MIG Capital founded?

MIG Capital was founded in 2004.

What sectors does MIG Capital invest in?

MIG Capital invests across Healthcare, TMT, Industrials, Software, Energy.

What are MIG Capital's recent exits?

Recent realized exits by MIG Capital include: German Bionic (2025) to Archimedes Partners; Advanced Medical Balloons (2025) to Stryker; Biocrates (2025) to Bruker Corporation; Cynora (2022) to Samsung Display; Immatics (2020) to ARYA Sciences Acquisition Corp.; Immatics (2020) to Athos; Siltectra (2018) to Infineon Technologies; Ganymed Pharmaceuticals (2016) to Astellas Pharma.

Home/GPs/MIG Capital

DetailCard

MIG Capital

Munich, Germany·Founded 2004·

Venture Capital Growth Equity

·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

vintages 2007–2024

Portfolio

Exits

MIG Capital is a Munich venture capital firm with €1.3B AUM, 31 active companies and 12 exits.

SectorsHealthcare TMT Industrials Software Energy

Key takeaways

·5 exits in the last 5 years · consistent DPI cadence.
·Average hold across 12 realized deals: 9 years.
·Top sector focus: Biotech (37% of portfolio).
·Fund cadence: ~3Y between vintages · last raise 2024.

Sector breakdown

43 companies

Biotech

16 · 37%

Deep Tech

10 · 23%

MedTech

5 · 12%

Industrials

3 · 7%

HealthTech

2 · 5%

Logistics

1 · 2%

ClimateTech

1 · 2%

Aerospace & Defence

1 · 2%

Geography breakdown

7 geographies

Germany

31 · 72%

France

5 · 12%

Netherlands

2 · 5%

Austria

2 · 5%

1 · 2%

Finland

1 · 2%

Denmark

1 · 2%

Key facts

HQMunich, Germany

Founded2004

Employees20+

Websitemig.ag

Recent exits

MIG Capital sold German Bionic to Archimedes Partners in 2025 after 5 years.

MIG Capital sold Advanced Medical Balloons to Stryker in 2025 after 10 years.

MIG Capital sold Biocrates to Bruker Corporation in 2025 after 6 years.

MIG Capital sold Cynora to Samsung Display in 2022 after 10 years.

Coverage notes

6 funds tracked, 43 portfolio companies (31 active · 12 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

Fund

Strategy

Vintage

Size

Assets

Exits

MIG Fonds 18

VC2024€100M3 assets

2024 · 2yr

€100M

–

Unrealized

3 held

Company	Entry
CoreMedic MedTech · Germany	2025
NcodiN Deep Tech · France	2025
TIBEAY Biosciences Biotech · Netherlands	2026

MIG Fonds 17Active

Evergreen20227 assets1 exits

Evergreen

2022 · 4yr

–

Unrealized

7 held

Company	Entry
ASTRA Therapeutics Biotech · Germany	2025
GlassPoint ClimateTech · US	2024
HawkCell MedTech · France	2024
IQM Quantum Computers Deep Tech · Finland	2019
Look Up Space Aerospace & Defence · France	2023
SciRhom Biotech · Germany	2024
TALPA Solutions Data & Analytics · Germany	2023

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
German Bionic Logistics · Germany	2020	2025	Secondary	Archimedes Partners	–

MIG Fonds 16Active

Evergreen2019€148M12 assets2 exits

Evergreen

2019 · 7yr

€148M

Unrealized

12 held

Company	Entry
Hypros HealthTech · Germany	2018
Inbolt Deep Tech · France	2022
Innatera Deep Tech · Netherlands	2020
iOmx Therapeutics Biotech · Germany	2021
Kewazo Construction · 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

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Advanced Medical Balloons MedTech · Germany	2015	2025	Trade Sale	Stryker	–
Biocrates Biotech · Austria	2019	2025	Trade Sale	Bruker Corporation	–

MIG Fonds 15Active

Evergreen20153 assets2 exits

Evergreen

2015 · 11yr

–

Unrealized

3 held

Company	Entry
GWA Hygiene HealthTech · Germany	2018
Konux Mobility · Germany	2016
NavVis Deep Tech · Germany	2014

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Cynora Deep Tech · Germany	2012	2022	Trade Sale	Samsung Display	–
Siltectra Deep Tech · Germany	2011	2018	Trade Sale	Infineon Technologies	–

MIG Fonds 8Active

Evergreen20090 assets3 exits

Evergreen

2009 · 17yr

–

Realized

3 exits

Company	Entry	Exit	Type	Buyer	MOIC
BioNTech Biotech · Germany	2008	2021	IPO	–	–
Immatics Biotech · Germany	2010	2020	IPO	ARYA Sciences Acquisition Corp.	–
NFON Telecom · Germany	2009	2018	IPO	–	–

MIG Fonds 5Active

Evergreen20076 assets4 exits

Evergreen

2007 · 19yr

–

Unrealized

6 held

Company	Entry
advanceCOR Biotech · Germany	2012
AFFiRiS Biotech · Austria	2006
AmSilk Biotech · Germany	2008
instrAction Deep Tech · Germany	2008
Isarna Therapeutics Biotech · Germany	2005
Od-os MedTech · Germany	2008

Realized

4 exits

Company	Entry	Exit	Type	Buyer	MOIC
BRAIN Biotech Biotech · Germany	2006	2016	IPO	–	–
Ganymed Pharmaceuticals Biotech · Germany	2007	2016	Trade Sale	Astellas Pharma	–
Immatics Biotech · Germany	2010	2020	IPO	Athos	–
SuppreMol Biotech · Germany	2007	2015	Trade Sale	Baxter International	–

Frequently asked questions

What investment strategy does MIG Capital focus on?: MIG Capital focuses on VC, Growth strategies in the private equity space.
How many portfolio companies does MIG Capital have?: MIG Capital has 31 active portfolio companies and 12 completed exits and 6 funds tracked on GP Intel.
Where is MIG Capital headquartered?: MIG Capital is headquartered in Munich, Germany.
What is MIG Capital's assets under management?: MIG Capital manages approximately €1.3B in assets under management.
When was MIG Capital founded?: MIG Capital was founded in 2004.
What sectors does MIG Capital invest in?: MIG Capital invests across Healthcare, TMT, Industrials, Software, Energy.
What are MIG Capital's recent exits?: Recent realized exits by MIG Capital include: German Bionic (2025) to Archimedes Partners; Advanced Medical Balloons (2025) to Stryker; Biocrates (2025) to Bruker Corporation; Cynora (2022) to Samsung Display; Immatics (2020) to ARYA Sciences Acquisition Corp.; Immatics (2020) to Athos; Siltectra (2018) to Infineon Technologies; Ganymed Pharmaceuticals (2016) to Astellas Pharma.