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Bayern Kapital is the venture capital company of the Free State of Bavaria, established in 1995 as a wholly owned subsidiary of LfA Förderbank Bayern. It provides equity financing to innovative, technology-oriented start-ups and scale-ups in Bavaria and across Germany, with ticket sizes ranging from EUR 250,000 to EUR 50 million per company.
Deal activity increased 47% year-over-year (25 deals in the last 12 months). Average disclosed round size is $47.6M (across 38 rounds with reported amounts).
Portfolio
122
Fund Size
$237M
Top Stage
Series A
Last 12 Mo
25
Team
Bernhard Köhler
Investment Director und Prokurist
Artem Kolyada
Application Manager
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
165 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| QQuantum Diamonds | Unknown | — | Jul 2026 |
| QQUANTUMDIAMONDS GMBH | Unknown | — | Jul 2026 |
 QuantumDiamonds | Unknown | — | Jul 2026 |
 NUCLIDIUM AG | Unknown | — | May 2026 |
 Exergy3 | Seed | — | Apr 2026 |
 Nature Robots | Seed | $4.2M | Mar 2026 |
 Neuramancer AI Solutions | Pre-Seed | — | Mar 2026 |
 NOXON | Seed | — | Mar 2026 |
 Constellr | Series A | — | Feb 2026 |
 driveblocks | Seed | — | Feb 2026 |
| CCONSTELLR GMBH | Series A | — | Feb 2026 |
 Twogee Biotech | Seed | $2.3M | Jan 2026 |
 EWIGBYTE | Pre-Seed | — | Jan 2026 |
 Proxima | Unknown | — | Jan 2026 |
 PROXIMA FUSION GMBH | Seed | — | Jan 2026 |
| QQUANTUMDIAMONDS GMBH | Unknown | — | Jan 2026 |
 Neuramancer | Pre-Seed | — | Jan 2026 |
| HHyImpulse Technologies | Series A | — | Jan 2026 |
| TTwogee | Seed | — | Jan 2026 |
 T-CURX | Series A | — | Dec 2025 |
 Amplifold | Seed | — | Dec 2025 |
 Ecog | Series B | — | Nov 2025 |
 Reflex Aerospace | Series A | — | Nov 2025 |
| HHyImpulse Technologies | Series A | — | Oct 2025 |
 Tubulis | Series C | — | Oct 2025 |
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Top Co-Investors
High-Tech Gründerfonds52 shared
UnternehmerTUM17 shared
European Innovation Council (EIC)15 shared
UVC Partners10 shared
Earlybird Venture Capital9 shared
World Fund9 shared
Andera Partners8 shared
Seventure Partners8 shared
First Momentum Ventures8 shared
Cherry Ventures8 shared
Wellington Management7 shared
b2venture6 shared
EQT Ventures6 shared
Vanagon Ventures6 shared
Creator Fund6 shared
IQ Capital6 shared
coparion6 shared
Tengelmann Ventures5 shared
Vsquared Ventures5 shared
Last updated: 7 October 2026