Equity participation

ERP VC Fund Investments and ERP/Future Fund Growth Facility

With the support of the ERP Special Fund and the Future Fund, KfW Capital invests in European venture capital and venture debt funds with a focus on Germany. Applications can be submitted at any time.

Business Financing Energy Efficiency & Renewable Energies Consulting Climate Action

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Grant criteria

Application Deadline: Ongoing
Application level: Complex
Region: Germany (nationwide)
Funding amount: Maximum €25,000,000 per fund investment (up to €50,000,000 for late-stage funds, combined up to €75,000,000)

Funding objective

The goal is to improve the venture capital supply for technology-oriented start-ups and high-growth young companies in Germany and to close the capital supply gap in the start-up and growth phases.

Eligible to apply

  • Companies

Funding requirements

  • Fund domicile in Europe or Germany
  • Minimum fund volume of EUR 50,000,000
  • Majority private investor base without a single majority stake
  • Independent, private fund management with relevant experience and track record
  • Clear investment and exit strategies
  • Show more

Documents required for application

  1. Current pitch deck including management, investment strategy, track record, and commitment in Germany

Evaluation criteria

  • At least EUR 50 million fund volume
  • Majority private investor base without majority stake
  • Independent, private fund management
  • Relevant experience and track record
  • ESG/sustainability concept
  • Clear investment and exit strategies

Description

ERP VC Fund Investments and ERP/Future Fund Growth Facility target European venture capital and venture debt funds with a special focus on technology-oriented start-ups and high-growth young companies in Germany. Funding is provided through an equity participation from the ERP Special Fund and the Federal Future Fund to strengthen the venture capital supply and close the capital gap during the start-up and growth phases. Approved nationwide, the program particularly supports projects in the areas of corporate financing, energy efficiency and renewable energies, as well as climate protection. Applications can be submitted on an ongoing basis, enabling flexible financing planning for fund managers.

Eligible applicants are funds based in Europe or Germany aiming for a minimum volume of €50 million and having a predominantly private investor base without a dominant majority stake. Key criteria include an independent, private management team with a proven track record, clear investment and exit strategies, as well as an ESG/sustainability concept. The participation amount is up to €25 million per fund investment, up to €50 million for late-stage funds, and up to €75 million in combination of both programs. As proof, a current pitch deck including management, investment strategy, track record, and commitment in Germany must be submitted. Selection follows a detailed due diligence process based on the stated criteria to ensure targeted and sustainable support of innovative funds.

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