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    Home/Investor Database/Government & Public Investors
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    Government & public investors

    Government-backed funds and public investment bodies provide non-dilutive and co-investment capital for startups. Browse verified public investors on CAPLINK.

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    Investor types
    9
    Funding rounds covered
    194
    Countries represented

    Government & Public Investors database

    74 investors matched for Government & Public Investors. Sign up to unlock contact details and full profiles.

    Investor
    Albanian-American Enterprise Fund
    The Albanian-American Enterprise Fund (AAEF) is a U.S. corporation established under the SEED Act of 1989 to promote private sector development in Albania. It has since transitioned its mission to its legacy organization, the Albanian-American Development Foundation (AADF).
    Alberta Enterprise Corporation
    Alberta Enterprise Corporation (AEC) is a government-backed venture capital fund of funds focused on fostering the technology industry in Alberta by investing in VC funds that support local entrepreneurs.
    Algerian Startup Fund
    Created in October 2020, Algerian Startup Fund (ASF), is an investment capital company, our mission is to develop the entrepreneurial and innovation ecosystem in Algeria by offering financing services that meet the needs of startups
    Almi Invest logo
    Almi Invest
    Almi Invest is a Swedish government-owned venture capital firm that provides financing through loans and equity to small and medium-sized enterprises. It operates regional funds and a specialized GreenTech fund, focusing on innovative startups in sectors like AI, AgTech, and sustainable technology.
    ANII logo
    ANII
    The National Agency for Research and Innovation (ANII) is a government agency that promotes research and application of new knowledge to productive and social reality of the country. ANII available to the public funding for research projects, scholarships national and international graduate programs and incentive programs for innovativeentrepreneurship and culture, both in the private and public sectors.ANII developed the National Research System, a program of national economic researchers categorized based on a strict evaluation system incentives. He also created the Portal Timbo, which allows free access to all kinds of scientific publications worldwide for all Uruguayans.
    Apposite Healthcare Growth I
    Apposite Healthcare Growth I is a fund investing to support the growth of health technology companies, primarily in the UK. It aims to address the shortage of scale-up capital for UK life sciences companies approaching a growth inflection.
    AWS Gründerfonds logo
    AWS Gründerfonds
    aws Founders Fund (Gründungsfonds) is a venture capital firm investing in high-growth technology companies with global ambitions. As a subsidiary of Austria Wirtschaftsservice Gesellschaft mbH, it manages €140M and supports startups from early stages through exit.
    Beijing CGP Investment Co, Ltd. logo
    Beijing CGP Investment Co, Ltd.
    Beijing CGP Investment (盛世投资) is a leading Chinese equity fund-of-funds (FOF) and government guidance fund management institution. The firm specializes in FOF management, secondary funds (S funds), and managing government-backed investment vehicles across various sectors in China.
    Ben Franklin Technology Partners of Southeastern Pennsylvania, Investment Arm
    Ben Franklin Technology Partners of Southeastern Pennsylvania, Investment Arm is a venture capital firm specializing in growth, seed/startup and early venture. The firm seeks to invest in healthcare including biopharmaceutical, medical devices, diagnostics, biomaterials, and more. IT sector including Software solutions for modern innovation: SaaS, AdTech and fintech. It also invests in environmental, energy, education and other civic technologies. It seeks to invest in Southeastern Pennsylvania, within Philadelphia, Bucks, Delaware, Chester, and Montgomery counties. It seeks to invest in companies having equity investment between $50,000 ($ 0.05 million) and $500,000 ($ 0.5 million). Through multiple rounds of investment, up to $1 million within each company. Ben Franklin Technology Partners of Southeastern Pennsylvania, Investment Arm was founded in 1982 and is based in Philadelphia, Pennsylvania with an additional office in Philadelphia, Pennsylvania.
    Best Horizon logo
    Best Horizon
    Best Horizon is an investment firm that helps startups grow worldwide, utilizing EU financing and co-financed projects to support business development.
    Big Society Capital (BSC) logo
    Big Society Capital (BSC)
    Big Society Capital improves the lives of people in the UK by connecting social investment to charities and social enterprises. We know that investment can help charities and social enterprises achieve more. We believe the greatest chance to improve lives comes when investors and enterprises are both motivated by social mission.
    BM H Beteiligungs-Managementgesellschaft Hessen mbH logo
    BM H Beteiligungs-Managementgesellschaft Hessen mbH
    BM H Beteiligungs-Managementgesellschaft Hessen mbH operates as an investment arm of Landesbank Hessen-Thüringen Girozentrale. It invests, through its funds, in companies based in the German State of Hesse. The firm seeks to invest in seed/start-up, early-stage, venture stages, innovation and growth financing of small and medium sized companies. It prefers to invests in Software & IT, Life Sciences, Mechanical and Plant Engineering, Industrial Goods, Professional Services, and E-Commerce. It prefers to invest in small and medium sized companies with a maximum sales of €75 million ($100.53 million) with up to 500 employees and with a maximum enterprise value of €50 million ($72.43 million). It provides primarily mezzanine capital, but will also consider private equity or venture capital investments. Investments range from €5,000 ($5,882.58) to €3 million ($3.52 million) for up to 12 years. BM H Beteiligungs-Managementgesellschaft Hessen mbH was founded in 2001 and is based in Wiesbaden, Germany.
    BOM Brabant Ventures logo
    BOM Brabant Ventures
    The Brabant Development Agency (BOM) works together with entrepreneurs to create a future-proof Brabant economy. We share knowledge, develop networks, and provide capital to innovative Brabant companies and sustainable energy projects. We also encourage forward-looking international companies to settle in Brabant and assist companies already based in Brabant to extend their reach abroad. Our goals include further economic growth, increased employment, solutions to social issues, and a leading role for Brabant on the world stage. BOM Brabant Ventures With the help of its unique knowledge and capital, BOM uses the Brabant Ventures label to focus on the accelerated and future-proof growth of ambitious Brabant startups and scaleups in the High-Tech Systems and Software, Agri-food, Life Sciences & Health, Maintenance, Supply Chain, and Bio-based Economy top industries. BOM International Trade Under the International Trade label BOM assists Brabant companies to make the best possible use of their opportunities on international markets and to increase their growth. BOM Foreign Investments Under its Foreign Investments label BOM aids foreign companies in the High-Tech, Life Sciences & Health, Supply Chain, Agri-food, Chemicals, and Aerospace industries to make best use of the opportunities offered by Brabant as a base for operations. BOM Renewable Energy Under its Renewable Energy label BOM provides knowledge, capital and access to its network to develop and invest in renewable energy projects.
    Business Finland logo
    Business Finland
    Business Finland is a Finnish public operator and government agency that provides innovation funding, internationalization services, and promotes investment in Finland. It focuses on accelerating sustainable growth for startups, SMEs, and research organizations.
    Capital Financière agricole Inc. logo
    Capital Financière agricole Inc.
    Capital Financière agricole Inc. is a venture capital and private equity arm of La Financière agricole du Québec specializing in investments in startups, mezzanine, mid venture, late venture, emerging growth, turnarounds, middle market, mature, industry consolidation, Innovation, plant building or expansion, recapitalization, buyout, and growth capital transactions. It does not buy back the interest of existing partners. The firm seeks to invest in all sectors related to agriculture, including public and private agricultural and agri-food sector, primarily in food processing and commercialization projects; prepared and preserved foods; agricultural biotechnology; agricultural consulting services; agricultural machinery and equipment; machinery distribution, social organizations, agriculture industry software; and fertilizers and agricultural chemicals. It invests in companies with farm operators as associates, either as partners, suppliers or clients and whose projects are in agricultural production including products and services upstream and downstream agricultural production projects like marketing associations, processing or commercialization involving the agricultural sector or regional development, agriculture-based nutraceuticals and functional foods, agro-tourism excluding projects only comprising activities related to accommodations and the restaurant business, and biotechnologies at the commercialization stage in partnership with other funding bodies. Special attention is given to projects involving the production of food products and to initiatives targeting distribution networks for local specialty products and locally processed products. It could invest in competing companies and business recovery. The firm prefers to invest in companies based in the province of Quebec only. It prefers to make an equity investment between CAD0.2 million ($0.19 million) and CAD3 million ($2.32million). It backs investment projects between CAD0.5 million ($0.49 million) and CAD10 million ($9.78million), with investment per enterprise ranging between CAD0.2 million ($0.19 million) and CAD2 million ($1.96 million), and initial round of financing will be under CAD1 million ($0.98 million) and not exceeding CAD0.6 million ($0.59 million) for startup companies. It will be able to reinvest up to CAD3 million ($2.93 million) over the life of its portfolio companies. The firm prefers to invest in clients incorporated under the legal forms of joint-stock company, limited partnership, general partnership, or cooperative. For each of its portfolio companies, it seeks an active participation in the activities of either the board of directors as a director or observer or the management committee as a member. The firm participates in the form of capital stock or limited partnership shares, debentures which are not guaranteed loans, convertible to capital stock or not with possibility of an option to purchase shares. It seeks to take participating shares with voting of 10% to 30% with a maximum of 49%, and may also take preferred shares. The firm may co-invest with other investors. It typically holds its investments for seven to ten years after investment in startups and five to eight years in companies that are operational. The firm's source of capital is government money. Capital Financière agricole Inc. was founded in the spring of 2002 and is based in Lévis, Canada.
    CAS Venture Capital Management Co., Ltd. logo
    CAS Venture Capital Management Co., Ltd.
    CAS Venture Capital Management Co., Ltd. (CASVC) was established in 2017 by Chinese Academy of Sciences Holdings Co., Ltd. to support technological innovation and achieve capital appreciation through market mechanisms and science-led investment.
    CDP Venture Capital
    FOR OVERALL AND SUSTAINABLE GROWTH OF ITALIAN VENTURE CAPITAL We use direct and indirect investments to promote the development of all players in the innovation chain. We enable companies, investors and start-ups to foster new opportunities for growth and development. We support the creation of Programmes of Acceleration and Technology Transfer Hubs across the region, in the form of co-investment, for overall market growth. MISSION CDP Venture Capital – Fondo Nazionale Innovazione aims to make Venture Capital a strategic pillar to Italy's economic growth and innovation, creating the conditions for a comprehensive and sustainable growth of the Italian Venture Capital ecosystem. CDP VENTURE CAPITAL AIMS TO: Expand both direct and indirect investments, overseeing existing funds while encouraging the emergence of new funds to support startups at all stages of their growth cycle. Develop the community by bringing together companies, investors and startups for exchange of ideas and pursue new opportunities. Foster the evolution of the Venture Capital system by working in synergy with national agencies and institutions that support startups and by creating a network with key players at the international level. Foster the evolution of the Venture Capital system by working in synergy with national agencies and institutions that support startups and by creating a network with key players at the international level. CDP Equity is a holding company of Cassa Depositi e Prestiti Group, that was created to boost the Italian economy by investing risk capital in companies of strategic national interest.
    China Reform Securities Capital Co., Ltd. logo
    China Reform Securities Capital Co., Ltd.
    China Reform Securities Capital (Guoxin Guozheng Investment) is a state-owned financial enterprise focused on fund management, supporting national strategies and state-owned enterprise reform through investments in strategic emerging industries like new energy, materials, and high-end manufacturing.
    Cradle Fund Sdn Bdh logo
    Cradle Fund Sdn Bdh
    Cradle Fund Sdn Bhd is Malaysia's focal point agency for the early-stage startup ecosystem. Established in 2003 under the Ministry of Finance, it provides funding, commercialisation support, and value-added services to high-calibre technology entrepreneurs through programs like CIP Spark and CIP Sprint.
    Development Finance Institute Canada (DFIC) Inc. logo
    Development Finance Institute Canada (DFIC) Inc.
    Development Finance Institute Canada (DFIC) Inc. is a private equity and venture debt firm specializing in emerging growth markets. The firm seeks to invest through growth capital. The firm prefers to invest in green growth (renewable energy, energy infrastructure, energy efficiency, water supply, water management, waste management, wastewater management, bio refinery products, green industrial production, etc.), agribusiness value chain, agriculture and forestry and financial services. The firm has a geographic focus on Latin America, the Caribbean, the Indo-Pacific and Sub-Saharan Africa. Development Finance Institute Canada (DFIC) Inc. was founded in 2018 and is based in Montreal, Canada with an additional office in Montreal, Canada and Singapore, Singapore.
    E8 Angels logo
    E8 Angels
    E8 is a non-profit membership organization of private accredited impact investors focused on early-stage cleantech companies that increase the sustainability and health of our planet.
    Egyptian-American Enterprise Fund logo
    Egyptian-American Enterprise Fund
    The Egyptian-American Enterprise Fund (EAEF) is a private investment fund established by the U.S. Congress to promote the development of the Egyptian private sector through long-term investment.
    Ekarpen Private Equity, S.A. logo
    Ekarpen Private Equity, S.A.
    Ekarpen Private Equity, S.A. is a venture capital and private equity firm specializing in investments in earlier stages of projects; growth; family continuity; expansion; industry consolidation; setting up joint ventures; and leveraged buyouts in medium, mature, and large companies. It does not invest in builders, real estate, and financial firms. The firm prefers to invest in private companies whose main activities, assets or head offices are based in Basque Country. It typically invests in between €10 million ($14.67 million) and €40 million ($58.68 million) in companies having operations valued between €25 million ($32.20 million) and €400 million ($515.19 million) which can be raised in leveraged buyouts, and also invests €5 million ($6.44 million) in small sized projects. The firm preferably makes investments by means of capital increase but there is also the chance of resorting to convertible loan stock, or even a mixed type of investment. It typically divests its investments over a period of six to eight years. The firm contributes financial resources to companies through loan stock; by acquiring large non-majority stakes; or by buying minority shares including 10 to 40 percent of the capital stock with voting rights. The firm was formerly known as Ekarpen, SPE, S.A. Ekarpen Private Equity, S.A. was founded on July 28, 2008 and is based in Bilbao, Spain.
    FICCI Investment Arm logo
    FICCI Investment Arm
    Established in 1927, FICCI is the largest and oldest apex business organisation in India. Its history is closely interwoven with India's struggle for independence, its industrialization, and its emergence as one of the most rapidly growing global economies.
    Finance Yorkshire Investments Ltd. logo
    Finance Yorkshire Investments Ltd.
    Finance Yorkshire Investments Ltd. is a venture capital firm specializing in seedcorn finance, business loans, and equity linked investments. It invests in start-ups, early-stage, and expansions in almost all sectors. The firm seeks to invest in Yorkshire and Humber regions with a focus on businesses based or moving to areas within Yorkshire, North Lincolnshire and North East Lincolnshire. It typically invests between £0.015 million ($0.023 million) and £2 million ($3.17 million). The firm, through seedcorn funding, aims to back pre-revenue and early-stage technology-based ventures. It seeks to provide investment up to £0.78 million ($1.23 million) over the lifetime of its portfolio companies. The firm prefers to take a significant minority stake in the ordinary shareholding. It targets its exit between three and six years. The firm provides loans ranging from £0.015 million ($0.023 million) to £0.050 ($0.079 million) for early stage businesses; £0.015 million ($0.023 million) to £75,000 ($0.12 million) for established businesses and from £0.015 million ($0.023 million) to £150,000 ($0.23 million) for established and profitable businesses. It typically provides loans to manufacturing or service sector businesses. The firm provides equity linked investments and joint equity linked packages from £100,000 ($0.15 million) to £2 million ($3.17 million) and mezzanine loans, with equity options or redemption premiums, from £100,000 ($0.15 million) to £1 million ($1.58 million). It targets to exit these investments within 5 years. The firm often works alongside other finance providers such as banks, and other lenders. Finance Yorkshire was founded on March 12, 2010 and is based in Barnsley, United Kingdom.
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    Understanding Government & Public Investors investors

    Government and public investors include sovereign wealth funds, national development banks, public pension funds, and government-backed innovation agencies that deploy capital to advance economic or policy objectives. Unlike purely commercial investors, they evaluate deals through a dual lens of financial return and public interest outcomes such as job creation, national security, or industrial competitiveness. They typically operate through formal application processes, investment committees, and legislative mandates that define eligible sectors, geographies, and company stages. Their decision-making cycles are often longer than private capital sources, but their funding can be substantial, patient, and strategically influential.

    How to approach Government & Public Investors investors

    • Research the specific mandate and eligible criteria of each government fund before initiating any contact.
    • Prepare documentation that clearly articulates economic impact alongside commercial viability and growth projections.
    • Engage early with program officers or relationship managers rather than submitting cold applications.
    • Align your pitch with stated national or regional priorities such as climate, defense, or advanced manufacturing.

    Which startups fit Government & Public Investors best

    • Startups operating in strategically important sectors like deep tech, clean energy, defense, or critical infrastructure.
    • Companies at growth or late stages with demonstrated traction and scalable business models.
    • Founders building in underserved regions or addressing market failures that private capital typically avoids.
    • Startups with the operational capacity to meet compliance, reporting, and audit requirements.

    Benefits of Government & Public Investors investors

    • Access to patient, long-duration capital that does not pressure founders toward premature exits.
    • Credibility and legitimacy that can attract co-investors and open doors to enterprise customers.
    • Non-dilutive grant programs or loans often available alongside equity instruments.
    • Network access to regulatory bodies, procurement pipelines, and national research institutions.

    Risks and tradeoffs

    • Lengthy approval processes can delay funding by months or even years compared to private alternatives.
    • Strict compliance and reporting obligations consume significant management time and internal resources.
    • Investment decisions may shift with changes in administration, policy priorities, or budget cycles.
    • Founders may face restrictions on equity sales, use of funds, or international expansion tied to mandates.

    Largest Government & Public Investors investors by AUM

    Ranked by publicly reported assets under management. Only investors with a disclosed AUM figure appear in this list.

    #InvestorAUM
    1
    SFPI-FPIM logo
    SFPI-FPIM
    $14.8B
    2
    Scaleup Europe Fund logo
    Scaleup Europe Fund
    $5.4B
    3
    CDP Venture Capital
    $5.1B
    4
    China Reform Securities Capital Co., Ltd. logo
    China Reform Securities Capital Co., Ltd.
    $4.4B
    5
    Invest-NL logo
    Invest-NL
    $1.5B
    6
    Nanshan SEI Investment logo
    Nanshan SEI Investment
    $1.4B
    7
    Big Society Capital (BSC) logo
    Big Society Capital (BSC)
    $1.3B
    8
    Limburgse Reconversie Maatschappij logo
    Limburgse Reconversie Maatschappij
    $1.1B
    9
    BOM Brabant Ventures logo
    BOM Brabant Ventures
    $1.0B
    10
    AWS Gründerfonds logo
    AWS Gründerfonds
    $140M

    Government & Public Investors investors — frequently asked questions

    What are government and public investors and how do they differ from traditional VCs?
    Government and public investors include agencies, sovereign wealth funds, development finance institutions, and publicly funded venture programs that deploy capital to achieve economic or policy goals alongside financial returns. Unlike traditional VCs, they often prioritize job creation, regional development, or strategic sectors. Their decision-making is slower and more bureaucratic, but they can offer patient capital with less pressure for rapid exits.
    What check sizes and startup stages do government and public investors typically target?
    Check sizes vary widely depending on the program and country, ranging from small grants under fifty thousand dollars to multi-million dollar equity investments. Many programs focus on early and seed-stage companies, though development banks and sovereign funds may engage at growth stages. Grant programs often require no equity dilution, while equity-based public funds typically take minority stakes.
    What do government and public investors look for when evaluating startups?
    They generally prioritize startups that align with specific policy mandates such as clean energy, healthcare, deep tech, or underserved communities. Demonstrating local economic impact, job creation potential, and regional relevance matters significantly. Strong technical credibility, a clear commercialization path, and compliance with program eligibility criteria are essential, often more so than traction metrics that private VCs emphasize.
    How should founders approach and apply to government funding programs?
    Start by identifying programs relevant to your sector, geography, and stage through official government portals or regional innovation agencies. Applications are typically formal, document-heavy, and deadline-driven, so allow significant lead time. Attending informational webinars, connecting with program officers, and reviewing funded project examples can sharpen your application. Hiring a grants consultant is common and often worth the cost for larger programs.
    What are the honest tradeoffs of taking government or public investor funding?
    The main drawbacks include slow processes, extensive reporting requirements, and restrictions on how funds can be used. Some programs require matching private capital or impose hiring or location obligations. However, the benefits include non-dilutive capital in grant form, validation that attracts private investors, and access to government networks. Public funding can also come with reputational credibility, especially in regulated or deep tech industries.

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