SAP AG, considered as the most successful German “start-up” of the last 40 years, has invested an undisclosed sum in High-Tech Gründerfonds II.
Started in October 2011 with a volume of €288.5m in the first closing, the High-Tech Gründerfonds II provides German innovative technology companies with seed financing of up to €500k and up to €1,5m in subsequent rounds. It also actively supports entrepreneurs.
This commitment increases the number of industrial backers to 14. In addition to SAP, investors in HTGF II include the Federal Ministry of Economics and Technology, the KfW Banking Group, as well as thirteen industrial groups of ALTANA, BASF, B. Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Qiagen, RWE Innogy, Tengelmann and Carl Zeiss.
FinSMEs
06/09/2012