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Nordwind Growth

Nordwind Growth

Munich, Germany·Founded 2012··nordwindgrowth.de

Nordwind Growth, formerly Nordwind Capital, is a Munich-based growth and small-mid buyout investor founded in 2012 that backs high-growth technology companies in Germany, Austria and Switzerland. It historically invested deal-by-deal in majority buyouts alongside entrepreneurs and industrial families before raising its first institutional vehicle, the EUR 145 million NC Growth Fund I, which closed near its hard cap in November 2023. The firm writes equity tickets of roughly EUR 10-40 million per transaction across software, hardware, technology-enabled services, media and e-commerce, and manages around EUR 500 million in aggregate.

AUM
€500M
Funds
1
vintages 2022
Portfolio
10
Exits
1

Key facts

HQMunich, Germany
Founded2012
Employees9+

Recent exits

Saal Digital
Saal Digital
Consumer2019 · 5yr hold

Coverage notes

1 fund tracked, 11 portfolio companies (10 active · 1 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

11 companies
Software
4 · 36%
SaaS
3 · 27%
Consumer
2 · 18%
Industrials
1 · 9%
Deep Tech
1 · 9%

Funds & portfolio

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

1 fund
NC Growth Fund IGrowth
2022 · 4yr€145M10 active · 1 realized

Unrealized

10 held
IndustrialsGermany· Entry 2025
aimpowerActive
SoftwareGermany· Entry 2023
DriveLock
DriveLockActive
SoftwareGermany· Entry 2015
EnpulsionActive
Deep TechAustria· Entry 2026
Pimcore
PimcoreActive
SoftwareAustria· Entry 2022
Productsup
ProductsupActive
SaaSGermany· Entry 2017
smapOne
smapOneActive
SaaSGermany· Entry 2021
Stackfield
StackfieldActive
SaaSGermany· Entry 2024
trbo
trboActive
SoftwareGermany· Entry 2020
You Mawo
You MawoActive
ConsumerGermany· Entry 2025

Realized

1 exit
Saal Digital
Saal DigitalExited 2019
ConsumerGermany· Entry 2014
Secondaryto
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Last updated July 2026 · Sourced from public filings · Report an issue