LBBW VC

LBBW Venture Capital GmbH is the investment arm of Landesbank Baden-Württemberg, established in 1998 and located in Stuttgart, Germany. The firm specializes in financing early to late-stage growth companies, particularly in the sectors of industrial technologies, information technology, software, telecommunications, innovative services, and life sciences. LBBW VC primarily targets investments in Southern Germany but is open to opportunities throughout Germany, Austria, and Switzerland. It typically invests between €0.5 million and €1.5 million per company, with the potential to contribute up to €5 million across multiple financing rounds. The firm takes an active role in its investments, often seeking advisory or supervisory board positions for larger stakes. LBBW VC has a strong international track record, having invested in over 60 companies, and typically exits investments within two to five years through trade sales or initial public offerings. The team boasts a history that includes two IPOs and the backing of one unicorn.

Julian Hebler

Investment Manager, Digital Transformation

Patrick Herlinger

Investment Manager, Digital Transformation

Andreas von Richter

Managing Partner

Past deals in DACH

Metergrid

Seed Round in 2025
Metergrid develops software as a service for decentralized energy systems and provides an automated cloud platform to enable solar projects. It focuses on tenant electricity, enabling owners of multi-family and commercial properties to supply tenants with locally generated photovoltaic electricity. The company covers profitability analysis, project design and implementation, and billing software and hardware, supporting the transition to solar energy and offering end-to-end energy services for property owners and operators. By integrating project management with energy services, Metergrid aims to reduce electricity costs, improve property value, and advance a decentralized, sustainable energy future.

AIPERIA

Series A in 2024
AIPERIA is a German-based company that specializes in providing a software-as-a-service (SaaS) solution aimed at enhancing sustainability in the fresh food supply chain. The company has developed an artificial intelligence-driven platform that facilitates end-to-end demand planning for suppliers and retailers. This platform allows for integrated and fully automated planning processes, ensuring that food production aligns closely with actual demand. By enabling suppliers to accurately forecast and deliver only the necessary quantities to retailers, AIPERIA contributes to reducing food waste and promoting more sustainable practices in the food retail sector.

Threedy

Series A in 2024
Threedy GmbH is a German company founded in 2020, specializing in high-performance visual computing solutions through its instant3Dhub platform. The platform is designed to support visualization, virtual reality, and augmented reality applications, primarily targeting the automotive, aerospace, and energy sectors. Threedy's technology allows for the seamless integration of large data sets with business data and sensors, facilitating a wide range of applications across different devices. Its features include a 3D streaming architecture and built-in 3D Spaces, which enable users to share context and data links effectively. By leveraging 3D data models, Threedy aims to drive digital innovation in products, services, and business processes, ultimately simplifying operations and reducing costs for its clients.

Exciva

Series A in 2021
Founded in 2015, Exciva is a German biopharmaceutical company headquartered in Heidelberg. It focuses on developing targeted drug rescue programs to create symptomatic treatments and disease-modifying therapies for various indications.

tado°

Secondary Market in 2018
tado° GmbH is a technology company based in Munich, Germany, with an additional office in London, United Kingdom. Founded in 2010, it specializes in developing and marketing innovative home climate control systems that enhance the efficiency of heating and cooling in residential and small business environments. The company's products integrate a hardware-software combination that leverages real-time data on resident behavior, weather forecasts, and building characteristics to optimize climate management. tado° sells its solutions through both retail outlets and online platforms, effectively bringing Internet of Things technology to the cleantech market.

Acousia Therapeutics

Series B in 2018
Acousia Therapeutics GmbH is a biotechnology company based in Tübingen, Germany, focused on developing innovative treatments for hearing loss. Established in 2012, the company specializes in identifying small molecules that can be applied locally to protect or restore hearing function. Acousia's approach centers on stimulating the regeneration of sensory hair cells in the inner ear, which are crucial for hearing. This regenerative capability is achieved by leveraging supporting cells that can replace lost hair cells. The company's therapeutic candidates aim to address hearing loss caused by various factors, such as noise exposure, ototoxic medication, and sudden deafness, and also hold potential for treating age-related hearing decline.

otego

Seed Round in 2018
otego GmbH is a German company founded in 2016 and headquartered in Karlsruhe. It specializes in the development of thermoelectric generators (TEGs) that provide independent energy solutions for wireless sensors and actuators. By converting heat directly into electric power through temperature differences, otego's technology is applicable in various fields, including the Internet of Things, waste heat recovery, and Industry 4.0. The company emerged as a spin-off from the Karlsruhe Institute of Technology and is driven by a diverse team comprising physicians, a chemist, and a business engineer, all dedicated to advancing and commercializing its innovative technology.

Crealytics

Series C in 2017
Crealytics is a performance marketing agency focused exclusively on the retail sector. With over 150 employees and offices in London, New York, and Berlin, they offer global paid search campaigns across 150 markets and 20 languages. Crealytics challenges conventional digital advertising practices by integrating marketing with merchandising and pricing policies to maximize profitability and customer lifetime value.

amcure

Series B in 2016
amcure is a clinical-stage biopharmaceutical company focused on developing peptide-based compounds for treating highly metastatic forms of squamous cancer. Founded in 2012 as a spin-off from the Karlsruhe Institute of Technology, amcure leverages its expertise in CD44 target biology to inhibit the CD44v6 co-receptor, which plays a crucial role in several relevant receptor tyrosine kinase pathways. Its lead compound, AMC303, entered clinical development for solid tumors in late 2016.

Enoware

Seed Round in 2015
Enoware specializes in mobile sensor systems designed for the geothermal energy sector. The company offers a miniaturized geothermal measuring capsule that enhances the efficiency and quality of geothermal probes. Its technology allows users to access vital environmental data through an online portal and smartphone application, facilitating system monitoring, optimization, and operational safety. With over 300,000 geothermal probes currently in operation in Germany and an annual addition of 20,000 new systems, Enoware is positioned to expand its customer base and contribute to the growing demand for sustainable energy solutions.

amcure

Series A in 2014
amcure is a clinical-stage biopharmaceutical company focused on developing peptide-based compounds for treating highly metastatic forms of squamous cancer. Founded in 2012 as a spin-off from the Karlsruhe Institute of Technology, amcure leverages its expertise in CD44 target biology to inhibit the CD44v6 co-receptor, which plays a crucial role in several relevant receptor tyrosine kinase pathways. Its lead compound, AMC303, entered clinical development for solid tumors in late 2016.

Crealytics

Series B in 2014
Crealytics is a performance marketing agency focused exclusively on the retail sector. With over 150 employees and offices in London, New York, and Berlin, they offer global paid search campaigns across 150 markets and 20 languages. Crealytics challenges conventional digital advertising practices by integrating marketing with merchandising and pricing policies to maximize profitability and customer lifetime value.

PressMatrix

Series A in 2013
PressMatrix GmbH is a Berlin-based technology startup specializing in digital publishing services tailored for magazines, books, journals, and various customer documents. Founded in 2009 and initially known as bblabs UG, the company rebranded to PressMatrix GmbH in January 2011. Its offerings include a comprehensive publishing solution that features subscription services, mobile applications, and a platform for cross-channel distribution. PressMatrix serves a diverse clientele, including well-known publishers and agencies such as Georg Thieme Verlag and Carry-On Publishing GmbH. The company is dedicated to helping publishers effectively deliver their content on tablets and mobile devices, ensuring impactful engagement with their audiences.

Crealytics

Venture Round in 2013
Crealytics is a performance marketing agency focused exclusively on the retail sector. With over 150 employees and offices in London, New York, and Berlin, they offer global paid search campaigns across 150 markets and 20 languages. Crealytics challenges conventional digital advertising practices by integrating marketing with merchandising and pricing policies to maximize profitability and customer lifetime value.

Tocario

Seed Round in 2012
Tocario GmbH is a cloud IT company based in Stuttgart, Germany, founded in 2011. It specializes in developing a hosted virtual desktop solution that provides an automated, self-service platform for IT professionals to manage desktop infrastructure efficiently. Tocario offers its services as a fully automated Desktop-as-a-Service (DaaS) solution, catering to European end customers and white-label partners, as well as providing enterprise licenses to public and private cloud service providers. Its technology addresses various business needs by enhancing agility and reducing complexity, allowing users to deploy virtual desktop workplaces securely and without upfront investments. The solution is designed to function across all desktop devices and applications, even in low bandwidth scenarios. Recognized for its innovation in digital workspaces, Tocario has been acknowledged by industry analysts and partners, including NetApp and IBM, which positions it as a notable player in the evolving landscape of digital workspace solutions.

avandeo

Venture Round in 2012
avandeo, a Munich, Germany- and Shanghai, China-based startup that operates an online destination for designer furniture and home accessories.

CargoGuard

Venture Round in 2011
CargoGuard GmbH is a company based in Merseburg, Germany, founded in 2007, that specializes in security and transparency solutions for logistics. It develops advanced systems designed to protect valuable goods, high-end products, and sensitive documents from risks such as loss, theft, and manipulation during transportation and storage. CargoGuard offers a range of services including portable tracking, secure monitoring of valuables, fixed tracking, and Internet-of-Things-Lock solutions. Their cloud-based security monitoring system enhances the safeguarding of valuable goods across the intermodal supply chain, serving a diverse clientele that includes cash and valuables transport companies, logistics providers, automotive industries, and various sectors in manufacturing and insurance. By integrating locking and sealing functions with GPS tracking and condition monitoring, CargoGuard enables businesses to effectively manage and secure their valuable transports worldwide.

Crealytics

Venture Round in 2011
Crealytics is a performance marketing agency focused exclusively on the retail sector. With over 150 employees and offices in London, New York, and Berlin, they offer global paid search campaigns across 150 markets and 20 languages. Crealytics challenges conventional digital advertising practices by integrating marketing with merchandising and pricing policies to maximize profitability and customer lifetime value.

Oxid eSales

Venture Round in 2008
OXID eSales AG is a prominent provider of multi-channel e-commerce solutions based in Freiburg, Germany, with an additional office in Halle. Founded in 2003, the company specializes in developing open-source shopping cart software, notably the OXID eShop platform. This platform caters to both B2B and B2C markets, offering scalable and customizable solutions that enhance online shopping experiences. OXID eSales serves a diverse clientele, including major brands like Lekkerland, Strenesse, Intersport, Gravis, and Deutsche Post, who benefit from the company’s extensive network of certified solution partners and dedicated support teams. The company's offerings also include the OXID eFire e-commerce intelligence platform, which streamlines online marketing, payment services, and intelligent search through a unified user interface. With a focus on innovation and quality, OXID eSales positions itself as a reliable partner for medium-sized businesses seeking to digitalize their sales processes and expand their market reach.
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