What stage does LBBW Venture Capital GmbH invest at?

LBBW Venture Capital GmbH invests at the Seed, Series A, Series B, Series C, Late Stage stages.

What is LBBW Venture Capital GmbH's typical check size?

LBBW Venture Capital GmbH typically writes checks of $540K – $3.2M.

Where is LBBW Venture Capital GmbH located?

LBBW Venture Capital GmbH is headquartered in Stuttgart, DE.

LBBW Venture Capital GmbH

Corporate VC

Stuttgart · Seed–Late Stage · 9 people tracked

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Investment thesis

LBBW VC backs early-stage disruptive IT and life science companies in the DACH region, participating in Seed to Series A rounds with initial tickets up to €3m. Its tech team focuses on software-driven approaches in Enterprise IT, IoT, Industry 4.0, AI/ML and Big Data & Analytics across industrial sectors. In life sciences, it invests in drug development, diagnostics, MedTech and Healthcare IT. Investing on behalf of LBBW enables a long-term perspective well suited to early innovation, supported by a team with extensive investment experience in the covered industries.

Invests inAdvanced Manufacturing AI & Machine Learning Biotech Consumer Data & Infrastructure Deep Tech Digital Health Energy Enterprise Software Hardware Healthtech IoT Medical Devices SaaS SemiconductorsAustriaEuropeGermanyStuttgartSwitzerland

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Late Stage

Check

$540K – $3.2M

Stuttgart, DE

Instruments

Equity

Founded

1998

Tracked investments

Team · 9 people

from the firm's website & public directories

Andreas von Richter· Managing Director· Stuttgart, Baden-Württemberg, Germanyin

Andreas von Richter is Managing Director at LBBW Venture Capital GmbH, where he focuses on AI, intelligent software, energy infrastructure, and defense-adjacent technologies. He brings 25 years of experience spanning R&D, strategy, technology, and venture capital, including 19 years in the VC industry and a background in aerospace engineering. At LBBW, he works to connect European founders with capital and access to the institutional industrial ecosystem.

a•••@lbbwvc.dereveal

Frank Mühlenbeck· Managing Director· Stuttgart, Baden-Württemberg, Germanyin

f•••@lbbwvc.dereveal

Caroline Lehmann· Senior Investment Manager· Heidelberg, Baden-Württemberg, Germanyin

c•••@lbbwvc.dereveal

Maximilian Naumow· Senior Investment Manager· Düsseldorf, North Rhine-Westphalia, Germanyin

Maximilian Naumow is a Senior Investment Manager at LBBW Venture Capital GmbH, focusing on deep tech and SaaS investments. He brings product and engineering experience to venture investing and explores data-driven and agentic approaches to capital deployment. He also engages in angel investing.

m•••@lbbwvc.dereveal

Patrick Herlinger· Senior Investment Manager· Stuttgart, Baden-Württemberg, Germanyin

Patrick Herlinger is a Senior Investment Manager and Authorized Officer at LBBW Venture Capital GmbH, focusing on deep technology investments. With a background in physics, he works with founders and innovators in the deep tech space.

p•••@lbbwvc.dereveal

Sandra Just· HR Manager· Esslingen, Baden-Württemberg, Germanyin

Stefanie Katheder· Transaction Managerin· Stuttgart, Baden-Württemberg, Germanyin

Leon Huck· Analyst· Germanyin

Leon Huck is an Investment Analyst at LBBW Venture Capital GmbH, the venture capital arm of Landesbank Baden-Württemberg. He evaluates investment opportunities across the DACH region, primarily in Seed to Series A funding rounds with ticket sizes from €0.5M to €3M, with a focus on Life Science, Digital Transformation, and FinTech sectors. His background includes experience in small and medium business operations, corporate environments, research, and consulting.

l•••@lbbwvc.dereveal

Markus Kazmaier· Associate· Berlin, Berlin, Germanyin

Markus Kazmaier is an Associate at LBBW Venture Capital GmbH, focusing on technology investments. He holds degrees in Mechatronics and International Project Engineering from Reutlingen University, with technical expertise spanning electrical engineering, computer science, and mechanical engineering, including experience with artificial intelligence applications.

m•••@lbbwvc.dereveal

What they invest in

from 5 of 28 portfolio companies

Biotech ×2Deep Tech ×2SaaS ×2AI & Machine Learning ×1Cleantech ×1Construction Tech ×1Cybersecurity ×1Developer Tools ×1

HQs:Germany×2

Investments · 28 tracked

founders shown can be your intro path

3YOURMIND3yourmind.comin

Acousiaacousia.com

ActiTrexx

AIPERIA

Applyo

Bluubluu.bioin

BLUU develops marine cell-based ingredients derived from cultured fish cells for personal care, health, and food applications.

BiotechDeep TechFoodTech

Dr. Sebastian Rakers(Co-Founder & Chief Executive Officer)

Cedalo

Code Intelligencecode-intelligence.comin 𝕏

Code Intelligence builds automated software security testing tools, including fuzz testing technologies, that let developers find and fix security vulnerabilities during early stages of development.

AI & Machine LearningCybersecurityDeveloper ToolsSaaS

Khaled Yakdan(Chief Product Officer & Co-Founder)

CorTec

Crealytics

Supports leading international e-commerce companies to drive retail media and performance in product advertising and paid search.

Debtvision

Epignostix

Exciva

Impossible Cloud

Kipu Quantumkipu-quantum.com

Leon Nanodrugsleon-nanodrugs.comin

LEON develops precision nanoparticle manufacturing systems powered by patented FR-JET® mixing technology, serving pharmaceutical and biotech companies transitioning from research and development to GMP production.

BiotechDeep TechMedical Devices

Licit

Meshcapade

Metergrid

Oska

Pentaleap

Phenex

specter automationspecter-automation.comin

Specter automation is a ConTech startup that builds software for digitizing construction sites, designed together with construction site users such as site managers and foremen.

Construction TechPropTechSaaSCologne, DE

tado°tado.comin 𝕏

tado° makes smart thermostats and AI-powered energy management products for home heating systems including radiators, underfloor heating, boilers, and heat pumps, plus dynamic electricity supply based on real-time prices.

CleantechEnergyIoT

Teralytics

Threedy

Umlaut.bio Life Science

Xavin

Frequently asked questions

What stage does LBBW Venture Capital GmbH invest at?: LBBW Venture Capital GmbH invests at the Seed, Series A, Series B, Series C, Late Stage stages.
What is LBBW Venture Capital GmbH's typical check size?: LBBW Venture Capital GmbH typically writes checks of $540K – $3.2M.
What sectors does LBBW Venture Capital GmbH focus on?: LBBW Venture Capital GmbH focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Consumer, Data & Infrastructure, Deep Tech, Digital Health, Energy, Enterprise Software, Hardware, Healthtech, IoT, Medical Devices, SaaS, Semiconductors.
Where is LBBW Venture Capital GmbH located?: LBBW Venture Capital GmbH is headquartered in Stuttgart, DE.

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