MBG Baden-Württemberg Venture Capital
Next Generation DeepTech.
We invest in the technological core of tomorrow. Backed by over 25 years of VC experience and a deep network across the German “Mittelstand”.
€ 71m
AuM
31
active investments
700+
SMEs in our network
>20
exits
Our Approach
This Is How We Do Venture Capital
We invest capital, expertise, and our network in founders who set out to revolutionize their industry. As a bridge between established companies and startups, we think long-term and act as a reliable partner to our portfolio companies.
Investment Strategy
Focused and Long-Term
Targeted investments in key technology sectors, paired with hands-on support throughout the entire company lifecycle.
Network Advantage
proprietary and direct
Close to where innovative deal flow originates, with excellent “Mittelstand” access for our portfolio companies.
Track Record
proven and successful
Investment expertise and VC experience spanning over 25 years, with successful exits to global market leaders.
Investment Focus
We Find Tomorrow's Gamechangers
True gamechangers need real technological substance and a well-defined business model. We believe there's no better place in Europe than Germany, and Baden-Württemberg in particular, for a tech startup to become a gamechanger.
Region: Germany, with a focus on Baden-Württemberg
Phase: Seed and Series A
Sector: B2B tech, with a focus on:
Industrial Tech
incl. advanced manufacturing, robotics, sensor technology, edge AI, logistics & supply chain, climate & energy
Digital Tech
incl. AI/ML, B2B software, cybersecurity, fintech, insurtech
MedTech & Life Science
incl. surgical robotics, precision diagnostics
Defense & Space
incl. dual-use technologies, autonomous systems, critical infrastructure, space tech
Our Funds
Start-up BW – Capital for B2B Tech Companies
Under the Start-up BW umbrella brand, MBG Baden-Württemberg launches VC funds for B2B startups to finance their growth. Through these funds, we provide equity capital across a wide range of future-oriented sectors, acting as either lead or co-investor.
Start-up BW Seed Fund
Seed (up to 3 years after founding)
Limited Partner: State of Baden-Württemberg
Investment size: € 250k to € 1m
Classification: “public,” i.e., at least 30% private co-financing
Start-up BW Innovation Fund
Series A
Limited Partners: State of BW, banks, insurers, foundations
Investment size: € 1m to € 3m
Classification: “private”
Team Venture Capital
Experience That Makes the Difference
Deeply rooted in the industrial “Mittelstand”. Proven in global exits. Over 100 years of combined VC experience. Our investment and fund managers form a multidisciplinary, execution-focused team that speaks the language of founders and understands the demands of industry.
Connect With Startups
Share events with teams
Portfolio
Successful Together
Networking Platform
Become Part of Our Network
We warmly invite you to join our free networking platform, whether you're a B2B startup or an established company (SME/corporate).
On the platform, startups have the opportunity to present themselves. Behind the scenes, a systematic matching process connects established companies and startups based on their individual profiles.
The profiles of established companies are not public and are only visible to matched partners. Both startups and established companies retain full control over whether and how they engage with suggested partners.
Bring your company on board, we look forward to having you!
(The platform is exclusively open to innovative B2B startups and established companies.)
Who We Are
MBG Baden-Württemberg
MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg GmbH has been one of Germany's leading private equity providers for over 50 years and a strong partner to the “Mittelstand”. Beyond that, it supports growth and innovation projects, business succession, and new company formation. As a fund manager, MBG BW manages several funds on behalf of institutional investors such as banks, insurers, foundations, and public institutions, investing in growth-oriented startups.
Connect With Startups
Share events with teams
Join today!
Looking for Fresh Capital?
Send us your pitch deck and we'll get back to you!