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LBBW Venture Capital GmbH (LBBW VC) was established in 1998 as an independent subsidiary of Landesbank Baden-Württemberg, headquartered in Stuttgart, Germany. The firm specializes in early-stage investments, particularly in disruptive IT and life sciences sectors. LBBW VC has built a reputation for supporting innovative companies that leverage technology and scientific advancements to transform their respective industries.
Currently, LBBW VC manages a portfolio of over 85 companies, with a strong emphasis on the DACH region. The firm has a long-standing history of investing in early-stage ventures, with a focus on sectors such as AI, healthcare, fintech, energy, and biotech. The backing of Landesbank Baden-Württemberg provides LBBW VC with significant resources and credibility, enhancing its ability to support portfolio companies.
Over the years, LBBW VC has achieved notable milestones, including successful exits such as Phenex, a company in the life sciences sector. The firm continues to actively engage in the startup ecosystem, providing not only financial support but also strategic guidance and access to a robust network of corporate banking clients.
LBBW Venture Capital focuses on early-stage investments, specifically from Seed to Series A, with initial ticket sizes ranging from €500,000 to €3 million. The firm targets several key sectors, including Digital Transformation, Life Sciences, and Financial Technology. Within Digital Transformation, LBBW VC seeks software-driven innovations in areas such as Enterprise IT, IoT, Industry 4.0, AI/ML, and Big Data & Analytics. In the Life Sciences sector, the firm invests in drug development, diagnostics, MedTech, and Healthcare IT.
In Financial Technology, LBBW VC supports entrepreneurs who are optimizing or disrupting processes within the financial sector. The firm’s investment strategy is characterized by a strong preference for software-driven approaches that enhance operational efficiencies. LBBW VC's geographic focus is primarily on the DACH region, allowing them to leverage their extensive network and banking expertise to identify and support promising startups.
LBBW Venture Capital has invested in over 85 companies across various sectors, showcasing a commitment to supporting innovative solutions in technology and healthcare. Notable portfolio companies include:
Andreas von Richter: Managing Director with extensive experience in venture capital and investment management. He has a strong background in supporting early-stage companies in the DACH region.
Frank Mühlenbeck: Managing Director who specializes in identifying and nurturing innovative startups. He has a proven track record in the venture capital space.
Caroline Lehmann: Senior Investment Manager with expertise in life sciences and healthcare investments. She has been instrumental in building LBBW VC's portfolio in these sectors.
Patrick Herlinger: Senior Investment Manager focused on fintech and digital transformation. He brings valuable insights into the financial technology landscape.
Maximilian Naumow: Senior Investment Manager with a background in technology investments. He plays a key role in evaluating potential portfolio companies.
Markus Kazmaier: Associate who supports the investment team in deal sourcing and due diligence processes.
Stefanie Katheder: Transaction Manager responsible for managing investment processes and ensuring compliance with regulatory standards.
Leon Huck: Analyst who conducts market research and analysis to support investment decisions.
Sandra Just: HR Manager overseeing talent acquisition and organizational development within LBBW VC.
To pitch to LBBW Venture Capital, founders should visit their website at lbbwvc.de or send an email to future@lbbwvc.de. It is recommended to include a comprehensive pitch deck that outlines the business model, market analysis, and financial projections. Founders should expect a response within a few weeks, and warm introductions are preferred but not mandatory.
As of March 2026, LBBW Venture Capital has made significant strides in the startup ecosystem, actively investing in various sectors including fintech, life sciences, and digital transformation. The firm continues to expand its portfolio, with over 85 investments to date.
Notable recent activity includes the successful exit of Phenex, a company in the life sciences sector, which highlights LBBW VC's ability to identify and support high-potential startups. The firm remains committed to its investment strategy, focusing on early-stage financing and leveraging its banking background to provide strategic support to portfolio companies.
What are LBBW Venture Capital's investment criteria?
LBBW Venture Capital invests in early-stage companies from Seed to Series A, focusing on sectors such as Digital Transformation, Life Sciences, and Financial Technology. They prefer software-driven innovations that optimize processes within these fields.
How can I apply or pitch to LBBW Venture Capital?
Founders can pitch their ideas by visiting the LBBW VC website at lbbwvc.de or by emailing their proposals to future@lbbwvc.de. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes LBBW Venture Capital different from other investors?
LBBW Venture Capital benefits from the backing of Landesbank Baden-Württemberg, one of Germany's largest banks. This relationship provides portfolio companies with access to a strong network of corporate banking clients and strategic guidance, which is not typically available from independent venture capital firms.
What is the geographic scope of LBBW Venture Capital's investments?
The firm primarily focuses on the DACH region, which includes Germany, Austria, and Switzerland. This geographic focus allows them to leverage local market knowledge and connections.
What is LBBW Venture Capital's post-investment involvement like?
LBBW Venture Capital actively supports its portfolio companies through strategic guidance, access to banking resources, and connections to potential clients and partners within the DACH region.
What is the typical fund size and check size for LBBW Venture Capital?
The firm typically invests between €500,000 and €3 million in early-stage companies, with a focus on providing sufficient capital to support growth and development.
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