# MIG Capital: portfolio, investments and team

> MIG Capital is a vc firm based in Germany. 23 investments on record, 1 in the last 12 months, latest Nov 2025. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/mig-capital (Millionrounds; every figure on the page links to its filing or article)

Germany · [Investor](https://millionrounds.com/investors)

# MIG Capital

Last cheque observed Nov 2025; 23 cheques on record.

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VC firm Deploying now

Seed Series A Series B Life Sciences Deep Tech

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 23 on record

Since the last cheque **350** days **00** hrs **00** min **00** sec

Median round **$16M** Rounds led **1 of 23** Sole investor **5 rounds** Exits **3 from the portfolio** Mostly in **Germany, 78%**

Pitch MIG Capital

## MIG Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Venture and Series A: 61% of its rounds
- 03 Sole investor in 5 rounds, median $11M
- 04 3 exits from the portfolio

## What they do

> Ein Venture-Capital-Unternehmen aus München From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Life Sciences Deep Tech
- **Based in:** Munich, Germany
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **23 appearances**

- **2025** 1 round
- **Nov** **[NcodiN](https://millionrounds.com/company/ncodin)** Seed · FR · Silicon Canals **$18M** *Led*
- **2019** 1 round
- **Feb** **[KONUX](https://millionrounds.com/company/konux)** Series B · DE · EU-Startups **$13M** With 3 others
- **2014** 1 round
- **Jan** **[Isarna Therapeutics GmbH](https://millionrounds.com/company/isarna-therapeutics-gmbh)** DE **$18M** With 1 other
- **2013** 1 round
- **May** **[SuppreMol](https://millionrounds.com/company/suppremol)** Series D · DE · pevc.dowjones.com **$12M** With 3 others
- **2011** 4 rounds
- **Nov** **[AFFiRiS](https://millionrounds.com/company/affiris)** Venture · AT · finsmes.com **$34M** Sole investor
- **Sept** **[IDENT Technology](https://millionrounds.com/company/ident-technology)** DE · finsmes.com **Undisclosed** With 2 others
- **Jul** **[Antisense Pharma](https://millionrounds.com/company/antisense-pharma)** Venture · DE · finsmes.com **$11M** Sole investor
- **Jul** **[Isarna Therapeutics GmbH](https://millionrounds.com/company/isarna-therapeutics-gmbh)** Venture · DE **$11M** Sole investor
- **2010** 6 rounds
- **Dec** **[SuppreMol](https://millionrounds.com/company/suppremol)** Series C · DE · finsmes.com **$21M** With 5 others
- **Apr** **[IDENT Technology](https://millionrounds.com/company/ident-technology)** Venture · DE **$338K** Sole investor
- **Apr** **[Antisense Pharma](https://millionrounds.com/company/antisense-pharma)** Series E · DE · onbiovc.com **$18M** With 1 other
- **Apr** **[Isarna Therapeutics GmbH](https://millionrounds.com/company/isarna-therapeutics-gmbh)** Series E · DE **$18M** With 1 other
- **Mar** **[Biocrates Life Sciences](https://millionrounds.com/company/biocrates-life-sciences)** Venture · AT · invest-iq.com **$1.6M** With 1 other
- **Feb** **[PDC Biotech](https://millionrounds.com/company/pdc-biotech)** Series A · AT · onbiovc.com **$5.5M** With 1 other
- **2009** 2 rounds
- **Aug** **[Protagen](https://millionrounds.com/company/protagen)** Venture · DE · protagen.de **$5.3M** With 2 others
- **May** **[Sovicell](https://millionrounds.com/company/sovicell)** DE **Undisclosed** With 1 other
- **2008** 4 rounds
- **Sept** **[Corimmun](https://millionrounds.com/company/corimmun)** Series A · DE **$7.2M** With 1 other
- **Aug** **[Protagen](https://millionrounds.com/company/protagen)** Venture · DE **Undisclosed** With 2 others
- **Jul** **[SuppreMol](https://millionrounds.com/company/suppremol)** Series B · DE **$25M** With 5 others
- **Jan** **[Protagen](https://millionrounds.com/company/protagen)** Venture · DE · protagen.de **$1.5M** With 2 others
- **2007** 1 round
- **Mar** **[Sovicell](https://millionrounds.com/company/sovicell)** Series D · DE **$1.2M** With 1 other
- **2006** 2 rounds
- **Jun** **[Biocrates Life Sciences](https://millionrounds.com/company/biocrates-life-sciences)** Series A · AT **$6.3M** Sole investor
- **May** **[Protagen](https://millionrounds.com/company/protagen)** Series B · DE · protagen.de **$4.2M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **17** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **3 in all**

**[SuppreMol](https://millionrounds.com/company/suppremol)** Bought by Baxter International **Undisclosed** Mar 2015

**[Corimmun](https://millionrounds.com/company/corimmun)** Bought by Janssen, Pharmaceutical Company Of Johnson & Johnson **Undisclosed** Jun 2012

**[IDENT Technology](https://millionrounds.com/company/ident-technology)** Bought by Microchip **Undisclosed** May 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A Series B

Median round joined **$16M** the round, not its cheque Alone, median **$11M**

Led 1 of 23 rounds **4%**

- **Sole investor:** 5 rounds
- **Last cheque:** Nov 2025
- **Exits:** 3 from the portfolio

Rounds by stage said on their site

- Venture *8*
- Series A said *3*
- Series B said *3*
- Series D *2*
- Series E *2*
- Seed said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [KfW](https://millionrounds.com/fund/kfw) 3
- [S-Venture Capital...](https://millionrounds.com/fund/s-venture-capital) 3
- [Santo Holding](https://millionrounds.com/fund/santo-holding) 3
- [Alfred Wieder AG](https://millionrounds.com/fund/alfred-wieder-ag) 2
- [Bayern Kapital](https://millionrounds.com/fund/bayern-kapital) 2
- [BioMedPartners](https://millionrounds.com/fund/biomedpartners) 2

**Pitching MIG Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as MIG Capital. A count of rooms they were both in, not a relationship either has claimed.

[**KfW** Government **3** rounds together](https://millionrounds.com/fund/kfw)[**S-Venture Capital...** VC firm **3** rounds together](https://millionrounds.com/fund/s-venture-capital)[**Santo Holding** Growth equity **3** rounds together](https://millionrounds.com/fund/santo-holding)[**Alfred Wieder AG** Growth equity **2** rounds together](https://millionrounds.com/fund/alfred-wieder-ag)[**Bayern Kapital** Government **2** rounds together](https://millionrounds.com/fund/bayern-kapital)[**BioMedPartners** Private equity **2** rounds together](https://millionrounds.com/fund/biomedpartners)[**FCP Biotech Holding** VC firm **2** rounds together](https://millionrounds.com/fund/fcp-biotech-holding)[**Global Asset Fund** VC firm **2** rounds together](https://millionrounds.com/fund/global-asset-fund)[**KfW Bankengruppe** Investment firm **2** rounds together](https://millionrounds.com/fund/kfw-bankengruppe)

## Recently backed

The latest companies MIG Capital put money into.

[**NcodiN** $18M · Nov 2025](https://millionrounds.com/company/ncodin)[**KONUX** $13M · Feb 2019](https://millionrounds.com/company/konux)

## Quick answers about MIG Capital

### What does MIG Capital invest in?

MIG Capital invests most often at Venture and Series A (61% of the rounds on record), in sectors such as Life Sciences and Deep Tech.

### How active is MIG Capital?

23 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Nov 2025.

### What has MIG Capital invested in recently?

Its most recent investments on record: NcodiN (Seed, Nov 2025) and KONUX (Series B, Feb 2019).

### How big are MIG Capital's cheques?

The median round it joins is $16M.

### Does MIG Capital lead rounds?

Sometimes: it led 1 of its 23 investments on record (4%).

### Where does MIG Capital invest?

Most of the companies it backs are in Germany (78%) and Austria (17%).

### Is MIG Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does MIG Capital invest alongside?

Most often KfW (3 rounds together), S-Venture Capital... (3 rounds together) and Santo Holding (3 rounds together).

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