State of Bavaria
Overview
The State of Bavaria is the government of the German federal state of Bavaria which acts as an investor to strengthen the local economy. It provides funding through various entities, including the Bavarian Ministry of Economic Affairs, which issues grants, and specialized financial bodies like LfA Förderbank Bayern and its venture capital arm, Bayern Kapital, which offer loans and equity investments to support startups and technology companies.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Proxima Fusion | Jul 2026 | Early Funding | Lead |
| Isar Aerospace | Jun 2024 | Series C Extension | - |
| Hydrogenious LOHC Technologies | Jul 2024 | Grant | Co-investor |
| DeepDrive | Mar 2023 | Series A | Co-investor |
| OXO Earth Technologies | Jun 2025 | Pre Seed | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is State of Bavaria based?
State of Bavaria is headquartered in Munich, Germany.
When was State of Bavaria founded?
State of Bavaria was founded in 1946.
How many portfolio companies does State of Bavaria have?
State of Bavaria has 12 portfolio companies in Caplight's dataset.
What are some companies in State of Bavaria's portfolio?
Portfolio companies visible on Caplight include Proxima Fusion, Isar Aerospace, Hydrogenious LOHC Technologies, DeepDrive, OXO Earth Technologies.
What was State of Bavaria's most recent investment shown here?
State of Bavaria's most recent investment in this portfolio sample was in Proxima Fusion in 2026.
What sectors does State of Bavaria focus on?
State of Bavaria focuses on Healthcare & Life Sciences, Frontier & Industrial Tech, Consumer & Commerce, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Energy & Sustainability, Consumer & Commerce, Frontier & Industrial Tech, Frontier & Industrial Tech, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Frontier & Industrial Tech, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Real Estate & PropTech, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Mobility, Transportation & Logistics.
What company stages does State of Bavaria focus on?
State of Bavaria typically invests at the MultiStage stage.
What is State of Bavaria's AUM?
State of Bavaria's assets under management are estimated between $750.0M and $800.0M.