# nrw.bank: portfolio, investments and team

> nrw.bank is a vc firm based in Germany. 30 investments on record, 3 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# nrw.bank

Last cheque observed Oct 2026; 30 cheques on record.

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Deploying now VC firm

Series A Series B Venture Energy Pharmaceutical Biotechnology

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Deploying now

**75%** of best year **3** **cheques in 12 months**, 30 on record

Since the last cheque **10** days **00** hrs **00** min **00** sec

Median round **$16M** Rounds led **0 of 30** Exits **1 from the portfolio** Mostly in **Germany, 86%**

Pitch nrw.bank

## nrw.bank highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Series A and Series B: 64% of its rounds
- 03 1 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Energy Pharmaceutical Biotechnology
- **Based in:** Düsseldorf, Germany
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **30 appearances**

- **2026** 3 rounds
- **Oct** **[Cellbox Solutions](https://millionrounds.com/company/cellbox-solutions)** Series A · DE · Google News search **Undisclosed** With 4 others
- **Sept** **[syte](https://millionrounds.com/company/syte)** Series A · DE · EU-Startups **$10M** With 5 others
- **Jun** **[EleQtron](https://millionrounds.com/company/eleqtron)** Series A · DE · Ventureburn **$67M** With 8 others
- **2025** 4 rounds
- **Aug** **[everwave](https://millionrounds.com/company/everwave)** Growth · DE · Silicon Canals **Undisclosed** With 5 others
- **Jul** **[Nuclidium](https://millionrounds.com/company/nuclidium)** Series B · CH · DTCF DeepTech & Climate Fonds **$99M** With 11 others
- **Apr** **[eeden](https://millionrounds.com/company/eeden)** Series A · DE · Silicon Canals **$21M** With 5 others
- **Mar** **[Vytal](https://millionrounds.com/company/vytal)** Growth · DE · Silicon Canals **$16M** With 7 others
- **2019** 1 round
- **Oct** **[Abalos Technologies](https://millionrounds.com/company/abalos-technologies)** Series A · DE · FinSMEs **$13M** With 3 others
- **2018** 1 round
- **Oct** **[Unu](https://millionrounds.com/company/unu)** DE · TechCrunch **$12M** With 3 others
- **2015** 3 rounds
- **Nov** **[Bomedus](https://millionrounds.com/company/bomedus)** Series B · US **$2.7M** With 4 others
- **Nov** **[CHRONEXT](https://millionrounds.com/company/chronext)** Series B · CH **$5.3M** With 6 others
- **Mar** **[Rigontec GmbH](https://millionrounds.com/company/rigontec-gmbh)** Series A **$5.2M** With 5 others
- **2014** 4 rounds
- **Nov** **[CHRONEXT](https://millionrounds.com/company/chronext)** Series A · CH **Undisclosed** With 5 others
- **Oct** **[Rigontec GmbH](https://millionrounds.com/company/rigontec-gmbh)** Series A · DE **$12M** With 3 others
- **Jul** **[AYOXXA Biosystems](https://millionrounds.com/company/ayoxxa-biosystems)** Series B · DE **$12M** With 5 others
- **May** **[CryoTherapeutics](https://millionrounds.com/company/cryotherapeutics)** Series A · DE **$4.9M** With 2 others
- **2013** 2 rounds
- **Jun** **[evocatal](https://millionrounds.com/company/evocatal)** Series B · DE · finsmes.com **$4.5M** With 6 others
- **Mar** **[saperatec](https://millionrounds.com/company/saperatec)** Seed · DE · finsmes.com **$4.3M** With 2 others
- **2011** 3 rounds
- **Jul** **[CEVEC Pharmaceuticals](https://millionrounds.com/company/cevec-pharmaceuticals)** Venture · DE · finsmes.com **$8.6M** With 2 others
- **Jun** **[NonWoTecc Medical](https://millionrounds.com/company/nonwotecc-medical)** Series B · DE · finsmes.com **$10M** With 2 others
- **Feb** **[Luxury Fashion Trade](https://millionrounds.com/company/luxury-fashion-trade)** Venture · DE · finsmes.com **$2.0M** With 2 others
- **2010** 5 rounds
- **Sept** **[Protagen](https://millionrounds.com/company/protagen)** Series B · DE · genomeweb.com **$13M** With 1 other
- **May** **[simfy](https://millionrounds.com/company/simfy)** Venture · DE **$8.8M** With 2 others
- **Apr** **[DIREVO Industrial Biotechnology](https://millionrounds.com/company/direvo-industrial-biotechnology)** Series D · DE · onbiovc.com **$8.1M** With 1 other
- **Feb** **[CEVEC Pharmaceuticals](https://millionrounds.com/company/cevec-pharmaceuticals)** Series B · DE · onbiovc.com **$5.4M** With 2 others
- **Feb** **[DIREVO Industrial Biotechnology](https://millionrounds.com/company/direvo-industrial-biotechnology)** Venture · DE · direvo.com **$8.3M** With 1 other
- **2008** 1 round
- **Aug** **[Innolume](https://millionrounds.com/company/innolume)** Series C · DE · innolume.com **$13M** With 4 others
- **2007** 1 round
- **Oct** **[DIREVO Industrial Biotechnology](https://millionrounds.com/company/direvo-industrial-biotechnology)** Series C · DE · direvo.com **$17M** With 6 others
- **2006** 2 rounds
- **Jul** **[Scienion](https://millionrounds.com/company/scienion)** Venture · DE · scienion.de **$5.6M** With 3 others
- **Jun** **[Innolume](https://millionrounds.com/company/innolume)** Series B · DE **$9.0M** With 4 others

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 **7** 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.

Funds they back

## 1 fund commitment on record

- **Managers:** 1

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Vireo Ventures 1 fund](https://millionrounds.com/fund/vireo-ventures)

Most recent commitments

- [Vireo Ventures Electrification Fund I](https://millionrounds.com/fund/vireo-ventures)

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[DIREVO Industrial Biotechnology](https://millionrounds.com/company/direvo-industrial-biotechnology)** Bought by Bayer HealthCare **$297M** Sept 2008

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

## The cheque

Series A Series B Venture

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

Led 0 of 30 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Oct 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series A *9*
- Series B *9*
- Venture *5*
- Series C *2*
- Growth *2*
- Seed *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [High-Tech Gruenderfonds](https://millionrounds.com/fund/high-tech-gruenderfonds) 5
- [KfW](https://millionrounds.com/fund/kfw) 5
- [HTGF High-Tech Gründerfonds](https://millionrounds.com/fund/high-tech-grunderfonds-htgf) 4
- [S-Venture Capital...](https://millionrounds.com/fund/s-venture-capital) 4
- [Wellington Partners](https://millionrounds.com/fund/wellington-partners) 4
- [Boehringer Ingelheim Venture Fund](https://millionrounds.com/fund/boehringer-ingelheim-venture-fund) 3

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## Who they invest alongside

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

[**High-Tech Gruenderfonds** VC firm **5** rounds together](https://millionrounds.com/fund/high-tech-gruenderfonds)[**KfW** Government **5** rounds together](https://millionrounds.com/fund/kfw)[**HTGF High-Tech Gründerfonds** VC firm **4** rounds together](https://millionrounds.com/fund/high-tech-grunderfonds-htgf)[**S-Venture Capital...** VC firm **4** rounds together](https://millionrounds.com/fund/s-venture-capital)[**Wellington Partners** VC firm **4** rounds together](https://millionrounds.com/fund/wellington-partners)[**Boehringer Ingelheim Venture Fund** Corporate VC **3** rounds together](https://millionrounds.com/fund/boehringer-ingelheim-venture-fund)[**Creathor Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/creathor-ventures)[**High-Tech Gründerfonds** VC firm **3** rounds together](https://millionrounds.com/fund/high-tech-grunderfonds)[**Peppermint Financial Partners** Growth equity **3** rounds together](https://millionrounds.com/fund/peppermint-financial-partners)[**TVM Capital** Private equity **3** rounds together](https://millionrounds.com/fund/tvm-capital-life-science)[**Capnamic Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/capnamic-ventures)[**EIC Accelerator** Government **2** rounds together](https://millionrounds.com/fund/eic-accelerator)

## Recently backed

The latest companies nrw.bank put money into.

[**Cellbox Solutions** Oct 2026](https://millionrounds.com/company/cellbox-solutions)[**EleQtron** $67M · Jun 2026](https://millionrounds.com/company/eleqtron)[**eeden** $21M · Apr 2025](https://millionrounds.com/company/eeden)[**Unu** $12M · Oct 2018](https://millionrounds.com/company/unu)

## Quick answers about nrw.bank

### What does nrw.bank invest in?

nrw.bank invests most often at Series A and Series B (64% of the rounds on record), in sectors such as Energy, Pharmaceutical and Biotechnology.

### How active is nrw.bank?

30 investments on record, 3 of them in the last 12 months. The most recent was in Oct 2026.

### What has nrw.bank invested in recently?

Its most recent investments on record: Cellbox Solutions (Series A, Oct 2026), syte (Series A, Sept 2026) and EleQtron (Series A, Jun 2026).

### How big are nrw.bank's cheques?

The median round it joins is $16M.

### Does nrw.bank lead rounds?

Rarely, if at all: none of its 30 investments on record names it as the lead.

### Where does nrw.bank invest?

Most of the companies it backs are in Germany (86%) and Switzerland (10%).

### Is nrw.bank investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does nrw.bank invest alongside?

Most often High-Tech Gruenderfonds (5 rounds together), KfW (5 rounds together) and HTGF High-Tech Gründerfonds (4 rounds together).

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