# Who Invests With High-Tech Gründerfonds: 19 Co-Investors (2026) > The 19 investors that have backed two or more of the same startups as High-Tech Gründerfonds, by kind: vc firms and government funds. Source: https://millionrounds.com/portfolio-maps/high-tech-grunderfonds-co-investors (Millionrounds; every figure on the page links to its filing or article) ## VC firms 16 - [*HG* High-Tech Gruenderfonds](https://millionrounds.com/fund/high-tech-gruenderfonds) - [HTGF High-Tech Gründerfonds](https://millionrounds.com/fund/high-tech-grunderfonds-htgf) - [BayBG](https://millionrounds.com/fund/baybg) - [TGFS Technologiegründerfonds Sachsen](https://millionrounds.com/fund/tgfs-technologiegrunderfonds-sachsen) - [Alstin Capital](https://millionrounds.com/fund/alstin-capital) - [LBBW Venture Capital](https://millionrounds.com/fund/lbbw-venture-capital) - [*TT* TGFS - Technologiegruenderfonds Sachsen](https://millionrounds.com/fund/tgfs-technologiegruenderfonds-sachsen) - [Earlybird Venture Capital](https://millionrounds.com/fund/earlybird) - [nrw.bank](https://millionrounds.com/fund/nrw-bank) - [S-Refit](https://millionrounds.com/fund/s-refit) - [Deutsche Telekom Strategic Investments](https://millionrounds.com/fund/deutsche-telekom-strategic-investments-2) - [Draper Associates](https://millionrounds.com/fund/draper-associates) - [Holtzbrinck Ventures](https://millionrounds.com/fund/holtzbrinck-ventures) - [Mountain Partners](https://millionrounds.com/fund/mountain-partners) - [eCAPITAL entrepreneurial Partners AG](https://millionrounds.com/fund/ecapital-entrepreneurial-partners-ag) - [Wellington Partners](https://millionrounds.com/fund/wellington-partners) ## Government funds 3 - [Bayern Kapital](https://millionrounds.com/fund/bayern-kapital) - [KfW](https://millionrounds.com/fund/kfw) - [IBB Ventures](https://millionrounds.com/fund/ibb-ventures) ## Segment by segment ### VC firms 16 investors - [*HG* **High-Tech Gruenderfonds**](https://millionrounds.com/fund/high-tech-gruenderfonds) VC firm - 27 backed - [**HTGF High-Tech Gründerfonds**](https://millionrounds.com/fund/high-tech-grunderfonds-htgf) VC firm Germany 11 backed - [**BayBG**](https://millionrounds.com/fund/baybg) VC firm Germany 4 backed - [**TGFS Technologiegründerfonds Sachsen**](https://millionrounds.com/fund/tgfs-technologiegrunderfonds-sachsen) Investment firm Germany 3 backed - [**Alstin Capital**](https://millionrounds.com/fund/alstin-capital) VC firm Germany 3 backed - [**LBBW Venture Capital**](https://millionrounds.com/fund/lbbw-venture-capital) VC firm Germany 3 backed - [*TT* **TGFS - Technologiegruenderfonds Sachsen**](https://millionrounds.com/fund/tgfs-technologiegruenderfonds-sachsen) VC firm - 2 backed - [**Earlybird Venture Capital**](https://millionrounds.com/fund/earlybird) VC firm Germany 2 backed ### Government funds 3 investors - [**Bayern Kapital**](https://millionrounds.com/fund/bayern-kapital) Government fund Germany 12 backed - [**KfW**](https://millionrounds.com/fund/kfw) Government fund Germany 5 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 Gründerfonds, in rounds we track. Grouped by kind, each ranked by how many startups it shares with High-Tech Gründerfonds. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Portfolio map **High-Tech Gründerfonds portfolio map** 39 startups · $368M](https://millionrounds.com/portfolio-maps/high-tech-grunderfonds-portfolio-map)[Co-investors **Who invests with Global Founders Capital** 197 co-investors](https://millionrounds.com/portfolio-maps/global-founders-capital-co-investors)[Co-investors **Who invests with HV Capital** 85 co-investors](https://millionrounds.com/portfolio-maps/hv-capital-co-investors)[Co-investors **Who invests with Cherry Ventures** 77 co-investors](https://millionrounds.com/portfolio-maps/cherry-ventures-co-investors)[Co-investors **Who invests with Earlybird Venture Capital** 74 co-investors](https://millionrounds.com/portfolio-maps/earlybird-co-investors)[Co-investors **Who invests with Point Nine Capital** 70 co-investors](https://millionrounds.com/portfolio-maps/point-nine-capital-co-investors) ## Raising from investors like High-Tech Gründerfonds? 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)