Fund profile / Germany

KfW Capital (Impact Facility)

Geography: Germany
Stage: Pre-Seed
Fund size: €200M
Focus: AI/ML and Climate & Sustainability
Signals: Published

N°01 / About

About KfW Capital (Impact Facility)

KfW Capital (Impact Facility) is a venture capital firm based in Germany, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionGermany

Funding StagePre-Seed

Industry Focus

AI/ML

Climate & Sustainability

Investor Signals Profile

active

Sweet Spot

VC fund managers focused on German/European tech growth

fund-of-funds

German & European VC

venture debt

tech growth

public-private capital

sustainability

ecosystem development

Bullish Signals

150+ VC funds, 2800+ startups supportedexternal

Wachstumsfonds II: €1B target volumeexternal

100% KfW-backed, state-guaranteed capitalexternal

New Deutschlandfonds VC pillar launchedexternal

ERP Marshall Plan funds backing investmentsexternal

KfW Capital Award 2026 — ecosystem builderexternal

One of largest European VC investorsexternal

Deutschlandfonds backed by two federal ministerswebsite

Active fundraising underway — Wachstumsfonds IIwebsite

Deutschlandfonds Dec 2025 launch — early winswebsite

€1.5B additional capital for startups/scale-upswebsite

Private & state capital blend for diversificationwebsite

Deutschlandfonds H1 2025 success — visible early winswebsite

ERP special assets fund backing institutional programswebsite

VC-Investor aus Verantwortung — responsible investor ethoswebsite

Wachstumsfonds II combines private+state capital blendwebsite

ERP heritage: Marshall Plan reconstruction legacy fundwebsite

Sustainability & ecosystem development core mandatewebsite

ESG-Report 2025 sharpens VC sustainability focuswebsite

WIN 400 program expanding mid-market accesswebsite

Wachstumsfonds II: €1B established VC manager focuswebsite

Contrarian Signals

No direct startup investmentsexternal

Government-driven, slower decision cyclesexternal

Access via fund managers onlyexternal

Founder Do's

Target VC funds, not direct startups

Focus on German/European tech growth

Align with long-term capital strategy

Show scalable, innovation-driven model

Engage via established VC fund managers

Emphasize sustainability & ESG alignment

Founder Don'ts

Don't pitch directly — invests in funds

Don't expect short-term deployment

Don't skip German/EU market relevance

34 signals on KfW Capital (Impact Facility)

21 bullish · 3 contrarian · 6 pitch do's · 3 don'ts · 1 GP profile, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€200M

Saves1

Website

People

Key People

Co, Jörg Goschin

Stefan WintelsSupervisory Board Chair (KfW Capital); KfW CEO

N°04 / See also

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