The club was founded in 1919. Before the Second World War he played under the name Kapfenberger SC and was an important part of Styrian football. 1947 the club was new founded and got new sections (table tennis, ski and handball). During the 1950´s and 60´s Kapfenberg played in the Staatsliga A and in the 1980´s in the 2.Division. In 1997 the club, which was only a section of the SV, was dissolved from the Kapfenberger SV and became a legaly independent club. From 2002/03 to 2007/08 the club played in the Erste Liga and became Champion in the 2007/08 season.
In the season 2008/09 the club played in the Bundesliga for the first time since 41 years. In the 2009/10 season the LASK was beaten 7:2, which was the highest victory in the club history.
The club plays in the Franz-Fekete-Stadium, which was built in 1951 and named after a former mayor of Kapfenberg.