KfW Capital (Impact Facility)

Germany

Pre Seed

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.

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

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

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

Founder Don'ts

Don't pitch directly — invests in funds

Don't expect short-term deployment

Don't skip German/EU market relevance

Key GPs & Partners

Stefan Wintels

Supervisory Board Chair (KfW Capital); KfW CEO

state-backedinstitutionalstrategic

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Fund Overview

Fund Size€200M

Saves0

Website

Key People

Co, Jörg Goschin

Stefan WintelsSupervisory Board Chair (KfW Capital); KfW CEO

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