High-Tech Gründerfonds, a Bonn, Germany-based early stage venture capital firm, closed its fourth fund, HTGF IV, at €493.8M.
Alongside the Federal Ministry for Economic Affairs and Climate Action (BMWK) and KfW Capital, 45 private companies have invested in the fund. The majority of the private investors are either market-leading medium-sized companies or hidden champions. A number of corporations and family offices are also among the backers.
The new fund will invest in startups who have been founded in the last three years. They must either be headquartered in Germany or, if they are based elsewhere in Europe, have business premises in Germany. The vehicle will also be able to make more capital available for each startup in future. Up to €1m can be invested in the seed round. In total, HTGF will thus be able to invest up to €4m in a startup across all financing rounds.
The first investments have already been made in:
- Reflex Aerospace (individual and high-performance satellites),
- Phialogics (biologics that rebalance the immune response in acute and chronic inflammation), and
- VisioLab (AI-based check-out solutions).
Led by Dr. Alex von Frankenberg, and Guido Schlitzer, HTGF invests in technology startups in the fields of digital tech, industrial tech, life sciences and chemistry. The firm has supported more than 690 startups and sold shares in more than 160 companies since its foundation.
FinSMEs
28/02/2023