Investor profile
LBBW Venture Capital GmbH
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LBBW VC was founded in 1998 as an independent subsidiary of Landesbank Baden-Württemberg and invests in early-stage disruptive IT and life science companies in the DACH region, participating in financings from Seed to Series A with initial ticket sizes of up to €3m. The tech team focuses on software-driven approaches within Enterprise IT, IoT, Industry 4.0, AI/ML, and Big Data & Analytics across industrial sectors including mobility, manufacturing, energy, and cleantech. In life sciences, LBBW VC backs drug development, diagnostics, MedTech, and Healthcare IT from pre-clinical stages onwards. Investing on behalf of LBBW enables a long-term perspective especially suited to early-stage innovation, and the firm leverages its institutional heritage to give startups unique access to the European industrial ecosystem.
Notable quotes
“Blockbrain bietet eine der stärksten Technologien im Bereich KI und Datenschutz – flexibel, präzise und gemacht für komplexe Fragen.”
“At LBBW Venture Capital, we don't just provide capital; we act as a commercial bridge. We leverage our institutional heritage to give startups unique access to the European industrial ecosystem, while maintaining the agile, performance-driven DNA of a classic venture fund.”
“Apart from long-term financial support for its portfolio companies, the team offers special commercial support by active introductions to LBBW's fast corporate client network, pitch sessions with potential commercial clients or direct applications within the bank itself.”
Team
Caroline Lehmann
Senior Investment Manager
Markus Kazmaier
Associate
Maximilian Naumow
Senior Investment Manager
Patrick Herlinger
Senior Investment Manager
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Oska Health | Seed | $13m | 2026-02-26 |
| Blockbrain | Series A | $21m | 2026-02-12 |
| Exciva | Series B | $59m | 2026-01-20 |
| Specter Automation | Seed | $5m | 2025-03-26 |
| Threedy | Series A | $13m | 2024-02-09 |
| Impossible Cloud | Seed | $11m | 2024-02-09 |
| BLUU Seafood | Series A | $26m | 2023-11-07 |
| Code Intelligence | Other | $14m | 2022-06-01 |
| 3YOURMIND | Series A | $30m | 2021-04-20 |
| Tado | Series A | — | — |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| High-Tech Gründerfonds (HTGF) | 10 |
| Andera Partners | 3 |
| Calm/Storm Ventures | 2 |
| CARMA Fund | 2 |
| Logan Capital AG | 2 |
| Aurum Impact | 2 |
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