AIBiotech & Life SciencesClimate & EnergyData & AnalyticsEnterprise SoftwareFintechHardware & SemiconductorsHealthcareManufacturingMobility & Transportation
LBBW VC is an independent subsidiary of Landesbank Baden-Württemberg, founded in 1998 and based in Stuttgart. It invests in early-stage disruptive IT and life science companies across the DACH region, with initial ticket sizes ranging from €500,000 to €3 million.
Their most common stage is series-a (42% of deals). Average disclosed round size is $18.0M (across 7 rounds with reported amounts).
Portfolio
19
Fund Size
—
Top Stage
Series A
Last 12 Mo
1
Team
FM
Frank Mühlenbeck
Managing Director
MK
Markus Kazmaier
Associate
LF
Leon Felix Huck
Investment Analyst
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
24 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Exciva | Series B | — | Jan 2026 |
| Exciva | Series B | $59M | Jan 2025 |
| HHeidelberg Epignostix | Seed | — | Jul 2024 |
 Epignostix | Seed | — | Jul 2024 |
 Aiperia | Series A | — | Apr 2024 |
 Threedy | Series A | $10.4M | Feb 2024 |
 Bluu | Series A | — | Jun 2023 |
 Bluu Seafood | Series A | — | Jan 2023 |
 Code Intelligence | Series A | $12M | Jun 2022 |
| Exciva | Series A | — | Oct 2021 |
 3yourmind | Series A | $12.4M | Apr 2021 |
| Exciva | Seed | — | Jan 2021 |
| 3yourmind | Unknown | $5.5M | Sep 2020 |
 Teralytics | Unknown | $17.5M | Jan 2019 |
 Crealytics | Series C | $9.3M | Mar 2017 |
 ActiTrexx | Series A | — | Jan 2016 |
 PressMatrix | Series A | — | Jan 2013 |
| Crealytics | Growth | — | Jan 2011 |
| SSloning BioTechnology | Series E | — | Jan 2007 |
 specter automation | Unknown | — | — |
 Acousia Therapeutics | Series B | — | — |
 Acousia | Series B | — | — |
 Specter | Seed | — | — |
 Metergrid | Series A | — | — |
Top Co-Investors
High-Tech Gründerfonds8 shared
Andera Partners4 shared
Carma Fund3 shared
Norrsken VC2 shared
Delivery Hero Ventures2 shared
Sparkfood2 shared
Delivery Hero2 shared
Manta Ray Ventures2 shared
EQT Life Sciences2 shared
Fountain Healthcare Partners2 shared
Mosaic Ventures2 shared
Gimv2 shared
LifeArc Ventures2 shared
Verve Ventures2 shared
xDeck2 shared
TechVision Fonds2 shared
Almaz Capital2 shared
KfW2 shared
Creathor Ventures2 shared
Last updated: 20 October 2026