# Who Invests With Bayern Kapital: 22 Co-Investors (2026) > The 22 investors that have backed two or more of the same startups as Bayern Kapital, by kind: vc firms and government funds. Most often High-Tech Gründerfonds. Source: https://millionrounds.com/portfolio-maps/bayern-kapital-co-investors (Millionrounds; every figure on the page links to its filing or article) ## VC firms 19 - [High-Tech Gründerfonds](https://millionrounds.com/fund/high-tech-grunderfonds) - [*HG* High-Tech Gruenderfonds](https://millionrounds.com/fund/high-tech-gruenderfonds) - [HTGF High-Tech Gründerfonds](https://millionrounds.com/fund/high-tech-grunderfonds-htgf) - [UVC Partners](https://millionrounds.com/fund/uvc-partners) - [BayBG](https://millionrounds.com/fund/baybg) - [Earlybird Venture Capital](https://millionrounds.com/fund/earlybird) - [10x Founders](https://millionrounds.com/fund/10x-founders) - [Matterwave Ventures](https://millionrounds.com/fund/matterwave-ventures) - [B2venture](https://millionrounds.com/fund/b2venture) - [Heidelberg Innovation](https://millionrounds.com/fund/heidelberg-innovation) - [S-Refit](https://millionrounds.com/fund/s-refit) - [Point Nine Capital](https://millionrounds.com/fund/point-nine-capital) - [Speedinvest](https://millionrounds.com/fund/speedinvest) - [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) - [LBBW Venture Capital](https://millionrounds.com/fund/lbbw-venture-capital) - [Capnamic](https://millionrounds.com/fund/capnamic) - [Axeleo Capital](https://millionrounds.com/fund/axeleo-capital) - [*LC* Leo Capital](https://millionrounds.com/fund/leo-capital) - [Seventure Partners](https://millionrounds.com/fund/seventure-partners) ## Government funds 3 - [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) - [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) - [KfW](https://millionrounds.com/fund/kfw) ## Segment by segment ### VC firms 19 investors - [**High-Tech Gründerfonds**](https://millionrounds.com/fund/high-tech-grunderfonds) VC firm Germany 12 backed - [*HG* **High-Tech Gruenderfonds**](https://millionrounds.com/fund/high-tech-gruenderfonds) VC firm - 10 backed - [**HTGF High-Tech Gründerfonds**](https://millionrounds.com/fund/high-tech-grunderfonds-htgf) VC firm Germany 8 backed - [**UVC Partners**](https://millionrounds.com/fund/uvc-partners) VC firm Germany 7 backed - [**BayBG**](https://millionrounds.com/fund/baybg) VC firm Germany 5 backed - [**Earlybird Venture Capital**](https://millionrounds.com/fund/earlybird) VC firm Germany 3 backed - [**10x Founders**](https://millionrounds.com/fund/10x-founders) VC firm Germany 3 backed - [**Matterwave Ventures**](https://millionrounds.com/fund/matterwave-ventures) VC firm Germany 3 backed ### Government funds 3 investors - [**EIC Accelerator**](https://millionrounds.com/fund/eic-accelerator) Government fund European Union 7 backed - [**European Investment Bank**](https://millionrounds.com/fund/european-investment-bank) Government fund Luxembourg 5 backed - [**KfW**](https://millionrounds.com/fund/kfw) Government fund Germany 2 backed **How this map is made.** Every investor here has backed two or more of the same startups as Bayern Kapital, in rounds we track. Grouped by kind, each ranked by how many startups it shares with Bayern Kapital. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Portfolio map **Bayern Kapital portfolio map** 66 startups · $1.9B](https://millionrounds.com/portfolio-maps/bayern-kapital-portfolio-map)[Sector portfolio **Bayern Kapital's AI portfolio** 12 startups · $86M](https://millionrounds.com/portfolio-maps/bayern-kapital-ai-portfolio)[Co-investors **Who invests with IBB Ventures** 20 co-investors](https://millionrounds.com/portfolio-maps/ibb-ventures-co-investors)[Co-investors **Who invests with Y Combinator** 1,812 co-investors](https://millionrounds.com/portfolio-maps/y-combinator-co-investors)[Co-investors **Who invests with 500 Global** 996 co-investors](https://millionrounds.com/portfolio-maps/500-startups-co-investors)[Co-investors **Who invests with Techstars** 991 co-investors](https://millionrounds.com/portfolio-maps/techstars-co-investors) ## Raising from investors like Bayern Kapital? Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports. [Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)