€1M+ valuation from day 1. Let's build 💪
Why we are co-investing in the Startup BW Pre-Seed program
We want to invest in ambitious teams as early as possible. and we mean it: We don’t need to wait for your MVP, initial revenue, or first customers. We believe that entrepreneurs should have the freedom to focus on building instead of raising funds or worrying about their living expenses.
That is why back teams who are looking for a co-investor for Start-up BW Pre-Seed program.
Why settle for one Business Angel when you can have dozens of entrepreneurs and family businesses backing you?
We are fast: You'll hear from us within 3 weeks after your application.
A Simple Deal: We don’t want you to lose time in lengthy contract discussions, so we keep our standard deal for BW Pre-Seed simple and straightforward and don't change the conditions from L-Bank.
Who we have backed previously
FAQs
If you have any questions, please check the official BW Pre-Seeed website.
No, you don’t. You just need a clear idea and the right team.
Mätch VC is an early-stage venture capital firm based in Stuttgart. We invest across Europe in pre-seed and seed rounds, co-investing through the Start-up BW Pre-Seed program and also writing independent checks of up to €1 million. Our €48 million fund is backed by a unique network of 70 family businesses, founders, and industry leaders. We’re highly selective—not just in the startups we back, but also in who we accept as LPs. Our investors aren’t the usual suspects. They’re entrepreneurs and operators who bring real value to the table: • Mittelstand family businesses like Trumpf, Mapal Dr. Kress, and Bauder • Founders of sevDesk, Diconium, and Vialytics • Industry veterans from companies like Würth, VW, Haniel, and Liebherr Together, we back bold teams building the next generation of European tech leaders.
Yes, but not through the BW Pre-Seed program. For anything larger, contact us directly.
We review every application and get back to you within two weeks. You’ll hear from us whether we want to dig deeper or pass. Keep your submission clear, honest, and to the point. No buzzwords.
Click the CTA at the top. Keep it concise and skip the fluff.
No. We back strong teams with deep domain expertise and a clear vision — even if the product doesn't exist yet.
Yes. If it's not scalable, it's not a fit.
Boring GPT wrappers, chemistry, medtech, or anything that lacks vision or differentiation. If the TAM is less than 1 billion.
We rank them like this: 1. B2B software 2. B2G software 3. B2B hardware We don't invest in B2C.
No. You don't need any of that. If you already have it, great — but it's not required.
Yes. We're not a venture builder, incubator, or accelerator. You need to know what you're building and why it matters.
We invest in ambitious founders targeting markets above €1 billion. Our focus is B2B tech, deep tech, novel AI, and aerospace.
The loan is interest-free for 2 years, extendable to 5. Repayment only happens if your startup succeeds. In that case, L-Bank and we may convert our shares into equity.
Your startup must: • Be a GmbH, UG, or AG in Baden-Württemberg • Be under 5 years old and profit-free • Be growth-oriented and innovative • Be a micro or small business • Have no major equity funding yet
Yes. Your company must be registered in Baden-Württemberg to qualify. If you're based elsewhere in Europe and raise up to €1 million, we can still invest directly. Reach out through our site.
You receive €200,000: • €160,000 from L-Bank as a convertible loan • €40,000 from us as your co-investor In some cases, the total can go up to €400,000.
Start-up BW Pre-Seed is a funding program by the state of Baden-Württemberg that supports early-stage startups before product, revenue, or traction.
BW Pre-Seed isn't for you? Mätch VC still is!
If you like what you see but your business doesn't fit with the BW Pre-Seed program don't worry. Our scope goes from Seed to Series A. We back 🇪🇺 teams with fund I (€48M) up to Series A rounds. Our initial tickets go up to €1M, with flexibility for exceptional cases. We’re drawn to teams solving highly technical challenges and/or addressing societal issues that fit to our network.
Fore more info take a look at our website.
