# Who Invests With High-Tech Gruenderfonds: 20 Co-Investors (2026) > The 20 investors that have backed two or more of the same startups as High-Tech Gruenderfonds, by kind: vc firms and government funds. Source: https://millionrounds.com/portfolio-maps/high-tech-gruenderfonds-co-investors (Millionrounds; every figure on the page links to its filing or article) ## VC firms 15 - [High-Tech Gründerfonds](https://millionrounds.com/fund/high-tech-grunderfonds) - [HTGF High-Tech Gründerfonds](https://millionrounds.com/fund/high-tech-grunderfonds-htgf) - [LBBW Venture Capital](https://millionrounds.com/fund/lbbw-venture-capital) - [nrw.bank](https://millionrounds.com/fund/nrw-bank) - [*KB* KfW Bankengruppe](https://millionrounds.com/fund/kfw-bankengruppe) - [eCAPITAL entrepreneurial Partners AG](https://millionrounds.com/fund/ecapital-entrepreneurial-partners-ag) - [S-Refit](https://millionrounds.com/fund/s-refit) - [*TT* TGFS - Technologiegruenderfonds Sachsen](https://millionrounds.com/fund/tgfs-technologiegruenderfonds-sachsen) - [Mangrove Capital Partners](https://millionrounds.com/fund/mangrove-capital-partners) - [Highland Europe](https://millionrounds.com/fund/highland-europe) - [BayBG](https://millionrounds.com/fund/baybg) - [Mountain Partners](https://millionrounds.com/fund/mountain-partners) - [Wellington Partners](https://millionrounds.com/fund/wellington-partners) - [German Startups Group](https://millionrounds.com/fund/german-startups-group) - [TGFS Technologiegründerfonds Sachsen](https://millionrounds.com/fund/tgfs-technologiegrunderfonds-sachsen) ## Government funds 5 - [Bayern Kapital](https://millionrounds.com/fund/bayern-kapital) - [KfW](https://millionrounds.com/fund/kfw) - [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) - [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) - [IBB Ventures](https://millionrounds.com/fund/ibb-ventures) ## Segment by segment ### VC firms 15 investors - [**High-Tech Gründerfonds**](https://millionrounds.com/fund/high-tech-grunderfonds) VC firm Germany 27 backed - [**HTGF High-Tech Gründerfonds**](https://millionrounds.com/fund/high-tech-grunderfonds-htgf) VC firm Germany 15 backed - [**LBBW Venture Capital**](https://millionrounds.com/fund/lbbw-venture-capital) VC firm Germany 4 backed - [**nrw.bank**](https://millionrounds.com/fund/nrw-bank) VC firm Germany 3 backed - [*KB* **KfW Bankengruppe**](https://millionrounds.com/fund/kfw-bankengruppe) Investment firm - 2 backed - [**eCAPITAL entrepreneurial Partners AG**](https://millionrounds.com/fund/ecapital-entrepreneurial-partners-ag) VC firm Germany 2 backed - [**S-Refit**](https://millionrounds.com/fund/s-refit) VC firm Germany 2 backed - [*TT* **TGFS - Technologiegruenderfonds Sachsen**](https://millionrounds.com/fund/tgfs-technologiegruenderfonds-sachsen) VC firm - 2 backed ### Government funds 5 investors - [**Bayern Kapital**](https://millionrounds.com/fund/bayern-kapital) Government fund Germany 10 backed - [**KfW**](https://millionrounds.com/fund/kfw) Government fund Germany 3 backed - [**EIC Accelerator**](https://millionrounds.com/fund/eic-accelerator) Government fund European Union 2 backed - [**European Investment Bank**](https://millionrounds.com/fund/european-investment-bank) Government fund Luxembourg 2 backed - [**IBB Ventures**](https://millionrounds.com/fund/ibb-ventures) Government fund Germany 2 backed **How this map is made.** Every investor here has backed two or more of the same startups as High-Tech Gruenderfonds, in rounds we track. Grouped by kind, each ranked by how many startups it shares with High-Tech Gruenderfonds. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Portfolio map **High-Tech Gruenderfonds portfolio map** 35 startups · $196M](https://millionrounds.com/portfolio-maps/high-tech-gruenderfonds-portfolio-map)[Sector portfolio **High-Tech Gruenderfonds' Biotech portfolio** 11 startups · $103M](https://millionrounds.com/portfolio-maps/high-tech-gruenderfonds-biotech-portfolio)[Co-investors **Who invests with Joshua Schachter** 111 co-investors](https://millionrounds.com/portfolio-maps/joshua-schachter-co-investors)[Co-investors **Who invests with Start Fund** 109 co-investors](https://millionrounds.com/portfolio-maps/start-fund-co-investors)[Co-investors **Who invests with Guillermo Rauch** 63 co-investors](https://millionrounds.com/portfolio-maps/guillermo-rauch-co-investors)[Co-investors **Who invests with TEEC Angel Fund** 60 co-investors](https://millionrounds.com/portfolio-maps/teec-angel-fund-co-investors) ## Raising from investors like High-Tech Gruenderfonds? 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)