News from 2026-01-08 / KfW Research

KfW Venture Capital Dashboard Q4 2025

The German market for venture capital exhibited a sideways movement in 2025 against the backdrop of high overall economic uncertainty. In total, EUR 7.2 billion was invested in German start-ups (2024: EUR 7.5 billion; 2023: EUR 7.1 billion). The final quarter was the year’s second strongest with a deal volume of EUR 2 billion.

KfW Venture Capital Dashboard Q4 2025

Press release

Further information in our Dossier Venture Capital

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