What investment strategy does NBank Capital focus on?

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

How many portfolio companies does NBank Capital have?

NBank Capital has 65 active portfolio companies and 5 completed exits and 1 fund tracked on GP Intel.

Where is NBank Capital headquartered?

NBank Capital is headquartered in Hannover, Germany.

What is NBank Capital's assets under management?

NBank Capital manages approximately €163M in assets under management.

When was NBank Capital founded?

NBank Capital was founded in 2009.

What sectors does NBank Capital invest in?

NBank Capital invests across Software, Healthcare, Industrials, Energy, Consumer, TMT.

What are NBank Capital's recent exits?

Recent realized exits by NBank Capital include: Lambus GmbH (2026) to Tourlane; BlockAxs (2025) to DiliTrust; PlantBase GmbH (2022) to Pflanzenfreunde Beteiligungs GmbH; smapOne AG (2021) to Nordwind Capital.

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NBank Capital

Hannover, Germany·Founded 2009·

Venture Capital Growth Equity

·nbank-capital.de

NBank Capital Beteiligungsgesellschaft mbH is the equity-investment arm of Investitions- und Foerderbank Niedersachsen (NBank), the public development bank of the German state of Lower Saxony, and takes open and silent minority stakes in young innovative companies and SMEs based in Niedersachsen. Founded in 2009 and headquartered in Hannover, it runs a rolling mandate (NSeed, NBeteiligung, NMittelstand and NTransformation programs) of roughly EUR 163m across about 78-83 portfolio companies spanning software, life-science/medtech, energy, machinery and consumer sectors.

AUM

€163M

Funds

vintages 2009

Portfolio

Exits

NBank Capital is a Hannover venture capital firm with €163M AUM, 65 active companies and 5 exits.

SectorsSoftware Healthcare Industrials Energy Consumer TMT

Key takeaways

·5 exits in the last 5 years · consistent DPI cadence.
·Average hold across 5 realized deals: 4 years.

Sector breakdown

70 companies

Software

14 · 20%

Industrials

9 · 13%

ClimateTech

6 · 9%

MedTech

5 · 7%

Consumer

5 · 7%

Mobility

4 · 6%

Biotech

3 · 4%

Energy

3 · 4%

Key facts

HQHannover, Germany

Founded2009

Websitenbank-capital.de

Recent exits

NBank Capital sold Lambus GmbH to Tourlane in 2026 after 4 years.

NBank Capital sold BlockAxs to DiliTrust in 2025 after 4 years.

NBank Capital sold PlantBase GmbH to Pflanzenfreunde Beteiligungs GmbH in 2022 after 2 years.

NBank Capital exited verlingo GmbH in 2022 after 3 years.

Coverage notes

1 fund tracked, 70 portfolio companies (65 active · 5 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

NBank Capital BeteiligungsfondsActive

Evergreen2009€163M65 assets5 exits

Evergreen

2009 · 17yr

€163M

Unrealized

65 held

Company	Entry
4PL Intermodal GmbH Logistics · Germany	2018
Abacus Maschinenbau GmbH Industrials · Germany	2017
ALL About Midlife Germany	2026
Allogenetics GmbH Biotech · Germany	2024
angeln-in UG Software · Germany	2021
Angiolutions GmbH MedTech · Germany	2020
ArgillaTherm GmbH ClimateTech · Germany	2017
B&S Media GmbH (cruisewatch.com) Data & Analytics · Germany	2019
Biomethan Soltau GmbH Energy · Germany	2019
BIOWEG GmbH ClimateTech · Germany	2025
Bitmotec GmbH Software · Germany	2021
Buses4Future GmbH Mobility · Germany	2021
Corat Therapeutics GmbH Biotech · Germany	2020
Digital Hub Hannover GmbH IT Services · Germany	2018
Digity GmbH Germany	2024
EEO Tech GmbH ClimateTech · Germany	2021
eFulfillment GmbH E-commerce · Germany	2019
Emma GmbH Software · Germany	2021
ERASON GmbH Software · Germany	2021
exabotix finance GmbH Deep Tech · Germany	2018
FEHRMANN MaterialsX GmbH Germany	2026
Fenntec GmbH Industrials · Germany	2021
FiSens GmbH MedTech · Germany	2018
FLEXBIO Technologie GmbH Energy · Germany	2019
Flexxter GmbH SaaS · Germany	2020
Goodright GmbH (Pflegewaechter) Software · Germany	2022
HANOMAG Aluminium Solutions GmbH Industrials · Germany	2021
HepaNet GmbH MedTech · Germany	2019
Herodikos Germany	2026
HeyDo Apps GmbH Software · Germany	2019
heyGuide (formerly heyParents) Germany	2025
HINAMIC GmbH Deep Tech · Germany	2021
Horando Deutschland GmbH E-commerce · Germany	2019
Hypnetic GmbH ClimateTech · Germany	2022
IDENTYTEC GmbH & Co. KG Software · Germany	2019
Implandata Ophthalmic Products GmbH MedTech · Germany	2019
J. Schwarzer GmbH & Co. Service KG Mobility · Germany	2016
Kwiggle Bike GmbH Mobility · Germany	2020
LBR Manufacturing GmbH Germany	2025
Lignopure GmbH Germany	2024
Lilian Labs GmbH MedTech · Germany	2017
Linder GmbH Industrials · Germany	2018
Lomalab Technologies GmbH (Lomavis) Software · Germany	2022
mediaTest digital GmbH Cybersecurity · Germany	2016
NautilusLog GmbH SaaS · Germany	2020
NEXSD Automotive Innovations GmbH Mobility · Germany	2023
nya nordiska innovation GmbH Consumer · Germany	2019
OSNATECH GmbH Energy · Germany	2021
Pan Acoustics GmbH Industrials · Germany	2019
Phaeosynt GmbH Biotech · Germany	2025
Picum MT GmbH Industrials · Germany	2021
Proflexis GmbH Software · Germany	2021
reamotion GmbH Industrials · Germany	2019
Reha Klinik Sonnenhof Bad Iburg GmbH & Co. KG Healthcare · Germany	2021
Robot Food Technologies Germany GmbH Industrials · Germany	2016
Sascotec Horsepower GmbH Industrials · Germany	2024
Showerplus Entwicklungs- und Vertriebsgesellschaft mbH Consumer · Germany	2021
Skyseed GmbH ClimateTech · Germany	2025
SugarShape GmbH Consumer · Germany	2017
Sustainable Manufacturing GmbH (Recozy) Consumer · Germany	2023
tensorscope GmbH Software · Germany	2020
VANEVO GmbH ClimateTech · Germany	2020
VersaCommerce Entwicklungs- u. Betriebsgesellschaft mbH E-commerce · Germany	2021
VisioLab GmbH AI/ML · Germany	2021
VRalive GmbH Germany	2024

Realized

5 exits

Company	Entry	Exit	Type	Buyer	MOIC
BlockAxs Software · Germany	2021	2025	Trade Sale	DiliTrust	–
Lambus GmbH Software · Germany	2022	2026	Trade Sale	Tourlane	–
PlantBase GmbH Consumer · Germany	2020	2022	Secondary	Pflanzenfreunde Beteiligungs GmbH	–
smapOne AG Software · Germany	2016	2021	Secondary	Nordwind Capital	–
verlingo GmbH Software · Germany	2019	2022	–	–	–

Frequently asked questions

What investment strategy does NBank Capital focus on?: NBank Capital focuses on VC, Growth strategies in the private equity space.
How many portfolio companies does NBank Capital have?: NBank Capital has 65 active portfolio companies and 5 completed exits and 1 fund tracked on GP Intel.
Where is NBank Capital headquartered?: NBank Capital is headquartered in Hannover, Germany.
What is NBank Capital's assets under management?: NBank Capital manages approximately €163M in assets under management.
When was NBank Capital founded?: NBank Capital was founded in 2009.
What sectors does NBank Capital invest in?: NBank Capital invests across Software, Healthcare, Industrials, Energy, Consumer, TMT.
What are NBank Capital's recent exits?: Recent realized exits by NBank Capital include: Lambus GmbH (2026) to Tourlane; BlockAxs (2025) to DiliTrust; PlantBase GmbH (2022) to Pflanzenfreunde Beteiligungs GmbH; smapOne AG (2021) to Nordwind Capital.