# Top 50 Hardware VC (Venture Capital) Funds in Germany in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| High-Tech Grunderfonds | 55 | Germany, Switzerland, United States | Seed, Series A | Software, Information Technology, Biotechnology |
| TGFS - Technologiegründerfonds Sachsen | 30 | Germany, United States | Seed, Series A | Software, Information Technology, Manufacturing |
| Bayern Kapital | 23 | Germany, United States, Finland | Seed, Series A | Software, Information Technology, Health Care |
| KfW | 17 | Germany, India, Kenya | Series A, Series B | Biotechnology, Software, Health Care |
| UVC Partners | 17 | Germany, Switzerland, Denmark | Seed, Series A, Series B | Software, Information Technology, Artificial Intelligence |
| EnBW New Ventures | 14 | Germany, Austria, France | Series A, Seed | Software, Power Grid, Renewable Energy |
| BayBG Venture Capital | 13 | Germany, Italy, United States | Series A, Series B | Software, Information Technology, Health Care |
| bmp Ventures | 13 | Germany, United States, Austria | Seed, Series A | Information Technology, Software, Manufacturing |
| coparion | 12 | Germany, Switzerland, United States | Series A, Seed, Series B | Software, SaaS, FinTech |
| Earlybird Venture Capital | 12 | Germany, United States, United Kingdom | Series A, Seed, Series B | Software, Information Technology, Health Care |
| Atlantic Labs | 12 | Germany, Switzerland, United States | Seed, Series A, Pre-Seed | Health Care, Software, Information Technology |
| MIG Capital | 11 | Germany, Austria, Canada | Series A, Series B | Biotechnology, Health Care, Pharmaceutical |
| Target Partners | 11 | Germany, United States, Switzerland | Series A, Series B, Series C | Software, Enterprise Software, SaaS |
| Enjoyventure Management | 11 | Germany, Portugal, United States | Seed, Series A | Software, Information Technology, E-Commerce |
| FTTF | 11 | Germany, Switzerland | Pre-Seed, Seed, Series A | Software, Artificial Intelligence, Manufacturing |
| Capnamic Ventures | 10 | Germany, United States, Switzerland | Seed, Series A, Series B | Software, Information Technology, SaaS |
| NRW.BANK | 10 | Germany, United States | Seed, Series A, Series B | Biotechnology, Software, Health Care |
| b2venture (formerly btov Partners) | 9 | Germany, Switzerland, United Kingdom | Series A, Seed, Series B | Software, Health Care, Information Technology |
| Cherry Ventures | 9 | Germany, United Kingdom, United States | Seed, Series A, Series B | Software, FinTech, Information Technology |
| IFB Innovationsstarter | 8 | Germany, United States | Seed, Grant | Software, SaaS, Artificial Intelligence |
| Picus Capital | 8 | Germany, United States, United Kingdom | Seed, Series A, Pre-Seed | Financial Services, FinTech, Software |
| Global Founders Capital | 8 | United States, Germany, United Kingdom | Seed, Series A, Pre-Seed | Financial Services, Software, FinTech |
| bm-t beteiligungsmanagement thuringen | 8 | Germany, United States | Seed, Series A | Software, Information Technology, Health Care |
| Future Energy Ventures | 7 | Germany, Israel, United States | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Brandenburg Kapital | 7 | Germany, United Kingdom | Seed, Series A | Software, Information Technology, Health Care |
| Wellington Partners | 7 | Germany, United States, United Kingdom | Series A, Series B | Health Care, Biotechnology, Medical |
| eCAPITAL ENTREPRENEURIAL PARTNERS | 6 | Germany, United States, Italy | Series A, Series B | Information Technology, Software, Manufacturing |
| SPDG | 6 | Belgium, France, Germany | Series B, Seed, Series A | Consumer Electronics, Automotive, Autonomous Vehicles |
| Senovo | 6 | Germany, Sweden, Austria | Series A, Seed, Series B | Software, SaaS, Information Technology |
| TEV Ventures | 6 | Germany, Australia, United States | Series A, Seed | E-Commerce, Internet, Fashion |
| HV Capital | 6 | Germany, United Kingdom, United States | Series A, Seed, Series B | E-Commerce, Internet, Software |
| Born2Grow | 6 | Germany, United States | Seed, Series A, Series B | Software, Health Care, Medical Device |
| La Famiglia | 6 | Germany, United States, France | Seed, Series A, Series B | Software, Artificial Intelligence, SaaS |
| Target Global | 5 | Germany, Israel, United Kingdom | Series A, Seed, Series B | FinTech, Financial Services, Software |
| Hasso Plattner Ventures | 5 | Germany, United States, South Africa | Series A, Seed | Software, Information Technology, Internet |
| Balderton Capital | 5 | United Kingdom, United States, Germany | Series A, Series B, Series C | Software, FinTech, Financial Services |
| AM Ventures | 5 | Germany, Switzerland, United States | Series A, Seed, Series B | 3D Printing, Advanced Materials, Software |
| IBB Ventures | 5 | Germany, United States, United Kingdom | Seed, Series A | Software, Health Care, Internet |
| Unger Group | 5 | Germany | Seed, Series A | B2B, Real Time, Blockchain |
| SquareOne | 5 | Germany, United States, Poland | Seed, Series A | Software, SaaS, E-Commerce |
| TUDAG | 5 | Germany | Seed, Pre-Seed, Series C | Electronics, Manufacturing, Biotechnology |
| Creathor Ventures | 5 | Germany, Switzerland, United States | Series A, Series B | Software, Health Care, Biotechnology |
| IBG Beteiligungsgesellschaft Sachsen-Anhalt | 5 | Germany, Austria | Seed, Series A | Electronics, Software, Medical Device |
| Crane Venture Partners | 5 | United Kingdom, Germany, United States | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| BlueYard Capital | 5 | United States, Germany, France | Seed, Series A | Software, Cryptocurrency, Internet |
| WestTech Ventures | 5 | Germany, United States, France | Seed, Series A | Software, Internet, Information Technology |
| Neuhaus Partners | 5 | Germany, Spain, Israel | Series A, Series B | Software, Information Technology, Internet |
| Fluxunit - Osram Ventures | 5 | Germany, United States, United Kingdom | Series A, Seed | Software, Manufacturing, Agriculture |
| Hannover Beteiligungsfonds | 5 | Germany | Seed, Series A | Mobile, Apps, Information Technology |
| Verve Ventures | 5 | Switzerland, Germany, France | Series A, Seed, Series B | Health Care, Software, Biotechnology |

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