Xcout IntelWho invested in Germany in 2026
Of the 766 German investors we track, 253 backed at least one startup between 1 Jan 2026 and 6 Nov 2026. Not a logo wall: every investor here is on the map because a funding round this year names it, and every startup links to that round’s source.
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Where they invest from
Circle area = German investors in that city that backed a startup in 2026.
| City | Investors | Startups backed |
|---|---|---|
| BerlinCherry Ventures, Picus, Earlybird | 82 | 218 |
| MunichUVC Partners, HV Capital, Hitachi Ventures | 56 | 122 |
| FrankfurtHeliad, KfW Capital, Aurum Impact | 19 | 31 |
| StuttgartBosch Ventures, Start-up BW Seed Fund, Campus Founders Ventures | 9 | 17 |
| CologneCapnamic, xdeck Ventures, Campus Capital by STS Ventures | 8 | 9 |
| BonnHTGF, DeveloPPP Ventures, Dr Hans Riegel Holding | 7 | 30 |
| DüsseldorfNRW.BANK, Henkel Ventures, Statkraft Ventures | 6 | 11 |
| DresdenSächsische Beteiligungsgesellschaft, Technologiegründerfonds Sachsen, Mittelständische Beteiligungsgesellschaft Sachsen (MBG) | 4 | 4 |
| HamburgDeutsche Telekom Capital Partners, Evotec SE, Hanse Ventures | 3 | 10 |
| PotsdamBrandenburg Kapital, Hasso Plattner Ventures, HPI Seed Fund | 3 | 3 |
| Biberach an der RißKreissparkasse Biberach Venture Capital Fund, Sparkasse Biberach | 2 | 2 |
| DarmstadtMerck, Merck GHI | 2 | 2 |
| EssenFuture Energy Ventures, RWE | 2 | 6 |
| GüterslohBertelsmann Healthcare, Bertelsmann Investments | 2 | 4 |
Where the money went
The rounds German investors joined in 2026, by where the startup is based. Dollars are whole rounds, not the German investors’ share of them: a $100M round with one German investor among ten counts as $100M.
A startup’s country is where it is headquartered as far as we know it. English-language funding news is the most plentiful, so rounds outside Germany are easier for us to see than small German ones, and the German share is likely higher than shown.
The most active German investors in 2026
Ranked by startups backed: one per investor and startup, from a round this year that names the investor. “Led” counts rounds whose reporting names it as a lead. The bar splits each investor’s startups by where they are based; the rounds shown are its largest.
- +22 more startups19 Germany0 US7 elsewhere
- +12 more startups8 Germany3 US5 elsewhere
- +11 more startups13 Germany0 US2 elsewhere
- +10 more startups5 Germany2 US7 elsewhere
- 5Bayern KapitalLandshut · Venture capital14startups2led+10 more startups12 Germany0 US2 elsewhere
- +8 more startups3 Germany6 US3 elsewhere
- +6 more startups4 Germany3 US3 elsewhere
- +5 more startups0 Germany6 US3 elsewhere
- +5 more startups3 Germany1 US5 elsewhere
- 10Bosch VenturesStuttgart · Corporate9startups—led+5 more startups0 Germany4 US5 elsewhere
- 11Tiny VCBerlin · Venture capital8startups—led+4 more startups0 Germany1 US7 elsewhere
- +3 more startups2 Germany3 US2 elsewhere
- +3 more startups3 Germany0 US4 elsewhere
- +3 more startups0 Germany3 US4 elsewhere
- 15Vanagon VenturesBerlin · Venture capital7startups2led+3 more startups4 Germany0 US3 elsewhere
- +3 more startups1 Germany1 US5 elsewhere
- +3 more startups1 Germany5 US1 elsewhere
- 18EWORMunich · Venture capital7startups—led+3 more startups1 Germany0 US6 elsewhere
- +2 more startups1 Germany2 US3 elsewhere
- +2 more startups0 Germany0 US6 elsewhere
Ranks 21 to 40
213 more German investors backed at least one startup this year.
German startups with the most German backers
German startups whose 2026 rounds name the most German investors.
Burda Principal Investments, Cherry Ventures, East X Ventures, KfW Capital, RWE, SPRIND
NavVisBayBG, Cipio Partners, Digital+ Partners, MIG Capital, Target Partners, Yttrium
Allianz, Aurum Impact, Extantia, KfW Capital, Possible Ventures, UVC Partners
Apex Capital, HTGF, Lennertz Co., Mätch VC, MBG Baden-Württemberg
Athos Capital, Deutsche Telekom Capital Partners, Earlybird, HV Capital, Primepulse
one.fiveDr Hans Riegel Holding, Green Generation Fund, Planet A Ventures, Revent, Symbia VC
Cellbox SolutionsBaltic Business Angels Invest GmbH, Companisto, Fraunhofer Venture, NRW.BANK
Alpine Space Ventures, Bayern Kapital, Fraunhofer Technologie-Transfer Fonds, Vsquared Ventures
HV Capital, Picus, SevenVentures, UVC Partners
Beurer, BONVENTURE, Dieter von Holtzbrinck Ventures, DvH Ventures
Bayern Kapital, Campus Founders Ventures, German Aerospace Center (DLR), Join Capital
PrimogeneWhat they back
Startups backed, by sector
Only startups we have placed in a sector are counted; many early-stage companies are not placed yet.
Who the active investors are
- Venture capital17067%
- Corporate4116%
- Government125%
- Family office73%
- Private equity62%
- Other typesBank 4, Development bank 4, Other 3, Institutional 3, Angel 2, Accelerator 1177%
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How we count
Which investors
Investors whose profile places their headquarters in Germany: venture firms, corporates, government funds, banks and family offices. Names are matched to one firm across spellings (HTGF and High-Tech Gründerfonds are one investor; a firm’s named sub-fund is counted under it).
Which rounds
Funding rounds announced since 1 January 2026, after merging articles about the same round, without debt, fund raises, investment vehicles and unverified single-source megarounds. A round we have judged to belong to a different company of the same name is dropped.
What it is not
Not a count of deals and not a full portfolio: a round whose reporting names no investors is invisible here, so investors in quieter, smaller rounds are undercounted. Checked by hand on samples; corrections are welcome.
Cite as
Xcout Intel, Who invested in Germany in 2026, edition 6 Nov 2026. Data: intel.xcout.app/insights/germany-investors?edition=2026-11-06.
Quoting these figures
Free to quote, chart and report on, with attribution: Source: Xcout Intel Who invested in Germany in 2026 (intel.xcout.app/insights/germany-investors). Reproducing a chart or table needs a link back to this page. Full terms are on the attribution page; how the data is collected is on the methodology page.
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