The Open Source Public LP Database

About the report

Germany's Publicly-Backed LPs

as of 2026

The public LP ecosystem is influential, unstructured and difficult to navigate. This report is the first in a series of geographic deep dives mapping publicly-backed LPs that are shaping venture.

28Public LPs
76*German HQ'd Public funds
58of 126 funds backed by German public LPs are headquartered abroad(46%)
59%*Early-stage funds(20% late-stage · 21% multi-stage)
50%*Funds backed by 2+ public LPs
53%*Funds founded since 2016
€33Bn*Collective AUM

* Figures cover Germany-headquartered funds that have received public-LP backing.

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The Open Source Public LP Database — Germany's Publicly-Backed LPs

This guide maps every government-backed institution in Germany that invests as a limited partner in third-party VC and growth funds. It is written for GPs who are actively fundraising or planning a raise, and want to understand which German public LPs are relevant, their active mandates, and how to approach them.

LP Fund Constellation

28 LPs · German government-backed limited partners

Loading constellation…
  • Publicly-backed LP
  • Quasi-public LP
  • VC fund
  • VC fund · 2+ public LPs
  • LPs or VCs not HQ'd in Germany

LP Overview

Browse all 28 German public LPs.

Publicly-Backed (20)

Federal, EU, and state-level public capital — KfW, EIF, NRW.BANK, L-Bank, Sparkassen, and more.

Quasi-public institutional (8)

Regulated public-function institutions and FoFs that channel public capital — Versorgungswerke, church pension funds, asset managers.

Contributors

Scout's public LP database is an open, collaborative project. This Germany edition was researched and edited by the Scout team, with data and review contributed by leading public institutions.

FounderFrancesca Baillieu
Lead AuthorMelina Sánchez Montañés
ResearcherAntonia Kempf
With contribution fromEIF, KfW, Landwirtschaftliche Rentenbank, and NRW Bank.
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Contact us

This is an open-source project, and we welcome your contributions. To submit a new public LP or request an amendment, please reach out at info@scout-vc.app.

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