Seed–Late Stage
Investment thesis
KfW is a German promotional and development bank whose activities include international project and export financing (KfW IPEX-Bank), development finance in developing and emerging countries (KfW Entwicklungsbank), and advising and financing companies investing in developing countries (DEG).
Source: firm website, verified Aug 3, 2026.
What they invest in
from 5 of 5 portfolio companiesAI & Machine Learning ×3Biotech ×2Digital Health ×2Healthtech ×2Medical Devices ×2B2B Marketplaces ×1Construction Tech ×1Deep Tech ×1
HQs:Germany×4United States×1
Investments · 5 tracked
founders shown can be your intro pathAcousia Therapeutics develops small-molecule drug candidates with a dual mode of action for treating acute and chronic sensorineural hearing loss (SNHL), targeting outer hair cells in the inner ear to preserve and enhance natural hearing.
BiotechDigital HealthHealthtechMedical DevicesTübingen, DE
Hubert Löwenheim(Founder / Board Member)
Co-investorsBoehringer Ingelheim Venture FundCreathor VenturesLBBW Venture Capital GmbHEsperante Ventures
Andercore is a B2B materials procurement platform serving construction and infrastructure companies across Europe with sourcing, quoting, and delivery of building materials and systems from multiple suppliers.
AI & Machine LearningB2B MarketplacesConstruction TechEnergyLogistics & Supply ChainNew MaterialsBerlin, DE
Co-investorsInven CapitalProject A VenturesAtomico
Humedics develops LiMAx, a breath analysis technology for rapid and precise measurement of liver function, enabling doctors to make tailored treatment decisions at the bedside.
BiotechDigital HealthHealthtechMedical DevicesBerlin, DE
Karsten Heyne(Co-founder)inMartin Stockmann(Co-founder)Chalom Sayada(CEO / Managing Director)
Co-investorsVesalius Biocapital Partners
Anara is an AI platform designed for scientific research that searches document libraries and the web, summarizes findings with automatic citations, and helps researchers write with verified sources.
AI & Machine LearningDeep TechEnterprise SoftwareFuture of WorkSaaSSan Francisco, US
Naveed Janmohamed(Founder)in
Co-investorsRebel FundTRAC (Third Round Analytics Capital)Transpose Platform ManagementY Combinator
Cleverciti provides AI-based parking intelligence systems that detect available parking spaces in real time and offer drivers turn-by-turn guidance, using occupancy and payment data.
AI & Machine LearningIoTMobility & TransportationPropTechMunich, DE
Co-investorsEnBW New Ventures GmbHThe Westly Group
Portfolio news
latest coverage across their companiesAnara · dxbstart.com · Jun 9, 2026
Frequently asked questions
- What stage does KfW invest at?
- KfW invests at the Seed, Late Stage stages.
- What sectors does KfW focus on?
- KfW focuses on Impact & Social Good.
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