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SeedCapital Dortmund

SeedCapital Dortmund

Dortmund, Germany·Founded 2006··seedcapital-dortmund.de

SeedCapital Dortmund is a seed-stage venture capital investor managed by the equity arm of Sparkasse Dortmund and backed by Sparkasse Dortmund, NRW.BANK and private investors, providing open minority equity of up to 500,000 euros to early-stage technology startups in the Dortmund region. It has run three closed-end fund generations since 2006, typically co-investing with High-Tech Gruenderfonds and the KfW ERP-Startfonds, and its investment team later spun out to form VORN.

AUM
Funds
2
vintages 2006–2013
Portfolio
2
Exits
5

Key facts

HQDortmund, Germany
Founded2006

Recent exits

Kairos
HealthTech2021 · 11yr hold
Volterion
Volterion
ClimateTech2019 · 2yr hold
ShopCo Technologies
E-commerce2018 · 3yr hold
Comnovo
Industrials2017 · 3yr hold

Coverage notes

2 funds tracked, 7 portfolio companies (2 active · 5 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

7 companies
Industrials
1 · 14%
MedTech
1 · 14%
E-commerce
1 · 14%
ClimateTech
1 · 14%
Business Services
1 · 14%
HealthTech
1 · 14%
Software
1 · 14%

Funds & portfolio

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

2 funds
SeedCapital Dortmund IIVCHarvesting
2013 · 13yr1 active · 3 realized

Unrealized

1 held
MedTechGermany· Entry 2014

Realized

3 exits
ComnovoExited 2017
IndustrialsGermany· Entry 2014
Trade Saleto
ShopCo TechnologiesExited 2018
E-commerceGermany· Entry 2015
Trade Saleto
Volterion
VolterionExited 2019
ClimateTechGermany· Entry 2017
Trade Saleto
SeedCapital Dortmund IVCHarvesting
2006 · 20yr1 active · 2 realized

Unrealized

1 held
Clickworker
ClickworkerActive
Business ServicesGermany· Entry 2009

Realized

2 exits
KairosExited 2021
HealthTechGermany· Entry 2010
Trade Saleto
Process RelationsExited 2014
SoftwareGermany· Entry 2007
Trade Saleto
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About SeedCapital Dortmund

SeedCapital Dortmund is a regional seed-stage venture fund based in Dortmund, North Rhine-Westphalia, Germany, established in the mid-2000s and managed in association with Sparkasse Dortmund. It is structured as a series of closed-end limited partnership fund vehicles spanning Fonds I, II and III, with limited partners including Sparkasse Dortmund, the development bank NRW.Bank and private investors. Assets under management are not publicly disclosed, with per-fund volumes modest given the seed mandate. The firm operates as a genuine regional investment company making minority equity investments, with an active portfolio of roughly 7 to 14 holdings across its fund generations.

Investment thesis

SeedCapital Dortmund backs young innovative high-tech startups in the Dortmund economic region at the seed stage, financing the path from idea through prototyping to market launch. It invests up to €500,000 initially, with follow-on financing taking total exposure up to roughly €1.5 million per company, taking minority stakes. Sector focus spans medtech, IT, foodtech, biotech, logistics and energy. Geography is tightly regional, focused on Dortmund and the surrounding North Rhine-Westphalia area. The value-creation lever leans on proximity to local innovation infrastructure including the Dortmund technology and biomedicine centres, plus syndication alongside NRW.Bank co-investment programmes.

Recent activity

SeedCapital Dortmund deploys across medtech, IT, foodtech, biotech, logistics and energy startups in the Dortmund region, with recent activity including software and IT backings. Public exit detail is limited given the firm's small regional scale, with sources referencing a small number of realised exits. The fund remains active across multiple fund generations, continuing to deploy seed capital into regional high-tech startups. Detailed buyer names and multiple data available on Pro at €29/month.

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Last updated March 2026 · Sourced from public filings · Report an issue