BACKING
BAVARIA’S
BEST
STARTUPS

Realiable. Long-term. Flexible.

Innovative startups with first customers trust us as highly reliable investors. We have been an active player in the venture capital market for over 25 years. Due to our evergreen approach, we offer institutional venture capital without the limitations of the usual fund structure.


Being a private investment company we act as both lead investor or co-investor.

We can also fulfill the private lead investor role for public investors like Bayern Kapital.

Together we are increasing YOUR company’s value.

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Track record

80+

Startups funded

200+ m €

invested capital

17

IPO/Trade Sales

30+

portfolio companies

Our portfolio

Reflecting the diversity and strength of Bavaria’s startup ecosystem.

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How we invest

late seed to series B

stages

1-5 Mio. EUR

initial investment

up to 10 Mio. EUR

per company

lead-/co-investor

role

Our support

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strong network

We give you access to the support network we have developed over decades. This includes numerous startups, VCs, family offices, business angels, consultants, banks, our shareholders, and the public sector.

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extensive experience

Our team of highly experienced investment professionals supports you as advisors and sparring partners based on practical experiences from over 80 startup investments with all their highs and lows.

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part of BayBG

We can help you leverage the longstanding expertise and network of one of the most renowned midcap investment companies. BayBG has a 50-year record of success and a portfolio of numerous active companies. www.baybg.de

Our team

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Lukas Biberacher

Senior Investment Manager

Venture Capital

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Veronika von Dehn

Investment Manager

Venture Capital

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Dr. Alois Ganter

Investment Manager

Venture Capital

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Dr. Marcus Gulder

Head of Venture Capital

Venture Capital

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Andreas Heubl

Senior Investment Manager

Venture Capital

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Margit Kammerer

Team Assistant

Venture Capital

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Marcus Kreft

Investment Manager Start-up Shield Bayern

Venture Capital

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Alexander Ullmann

Senior Investment Manager

Venture Capital

Succesful exits

We guide our portfolio companies to the ideal exit to private equity growth investors such as Corsair Capital, to strategic buyers like Siemens or even to an IPO — leveraging our expertise, capital, and network to ensure our shared success.

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News

Stay informed about BayBG Venture Capital.

Shimadzu Corporation acquires majority stake in deep-tech startup Plasmion

16 April 2026

Japanese provider of analytical instruments acquires 75% of shares; founders remain significantly invested.

Read more

€40 million financing enables merger of Theva and Subra

22 April 2026

A €40 million Series A financing enables the merger of Theva and Subra, creating a new European player in high-temperature superconductivity focused on next-generation energy systems and strategic infrastructure.

Read more

SPiNE secures €3 million to scale digital energy infrastructure

16 April 2026

SPiNE secures €3 million to scale its digital infrastructure platform for the energy transition. BayBG Venture Capital leads the round together with Energie 360°.

Read more

Our shareholders

BayBG Venture Capital is supported by a broad group of shareholders to ensure its independence. Our shareholders
include well-known banks, insurance companies and businesses from Bavaria, which together create a stable foundation for our investments. This broad base ensures reliability, regional roots and long-term support for Bavarian SMEs and Startups.

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