# MIG Capital

MIG Capital is a Private Equity based in Munich, Germany.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Munich, Germany
- **Region:** Europe
- **Address:** Ismaninger Straße 102, D-81675 Munich, Germany
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** www.mig.ag
- **LinkedIn:** https://www.linkedin.com/company/mig-capital-ag

## Regulatory record

- **Reports private funds:** No

## About

MIG Verwaltungs AG is a private equity firm based in Munich, Germany. It focuses on Venture Capital investments. The firm oversees approximately $1.3 billion in assets, with a team of 9 staff members, including 9 investment professionals.

## Sectors

- Life Sciences
- Deep Tech
- Digital Health
- Advanced Computing
- AI/ML
- Robotics & Automation
- Energy Transition & Renewables
- Medical Technology
- Enterprise Software

## People

- Michael Motschmann — Managing Partner
- Kristian Schmidt-Garve, LL.M. — Managing Partner

## Questions

### What makes MIG Capital's fund structure different from other venture firms?

MIG Capital raises all of its funds from private retail investors rather than institutional limited partners, making it the only retail venture capital investor in Germany. Its funds are publicly accessible, so individuals — not pension funds or endowments — provide all committed capital. This structure requires compliance with retail-investor regulations, which shapes the firm's governance and reporting.

### Which sectors does MIG Capital focus on?

MIG Capital invests in life sciences and deep tech. Specific sectors include bio-pharmaceutical therapeutics, medical technology, digital health, advanced computing, industrial IoT, new materials, and energy. The firm largely avoids traditional consumer internet, fintech, and enterprise SaaS unless they fall under its deep-tech mandate.

### Who makes investment decisions at MIG Capital?

Managing Partners Michael Motschmann and Kristian Schmidt-Garve lead the investment team. The firm's broader team includes partners with backgrounds in biology, physics, engineering, and law, reflecting the technical depth required for its life-science and deep-tech portfolio.

### Does MIG Capital lead rounds or only participate alongside other VCs?

MIG Capital both leads and participates in syndicated rounds. In 2024, it led a €63 million Series A into biotech SciRhom alongside a consortium, and in 2025 it led a €50 million Series A into Look Up. The firm also co-invests in rounds where other venture managers take the lead.

### What is MIG Capital's geographic focus?

The firm invests predominantly in Europe, with a concentration on German-speaking markets. Its website states it invests in innovative ideas 'mostly in Europe.' Portfolio company headquarters and the firm's sole office in Munich reinforce this regional emphasis.

### How large is MIG Capital?

MIG Capital reports total investments exceeding €750 million and a portfolio value of approximately 1.2 billion euros. It does not disclose its assets under management. The firm's team page lists more than 15 professionals, including managing partners, partners, and operating staff.

### What is MIG Capital's typical check size?

Initial commitments range from €1 million to €10 million, with €3 million to €5 million reserved for follow-on investments. The firm writes these checks from its retail-funded vehicles, targeting early-stage and growth-stage companies in deep tech and life sciences.

## Related profiles

- [Migrate Ventures](https://altss.com/profile/migrate-ventures)
- [MIH Climate Impact Capital](https://altss.com/profile/mih-capital-management)

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Last updated: 2026-06-03T20:00:00.000Z

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