High-Tech Gründerfonds Launches Second Fund

High-Tech Gründerfonds II has launched with a volume of €288.5m.

The German government is the main investor with €220m, followed by KfW with €40m, and twelve companies including Altana, BASF, Bosch, B. Braun Melsungen, Carl Zeiss, CeWe, Daimler, Deutsche Post DHL, Deutsche Telekom, Qiagen, RWE Innogy, and Tengelmann.

Following the investment strategy of the first fund set up in 2005, HTGF II provides venture capital financing of up to €500k to high-tech companies in search of capital, helping them turn research projects into viable businesses.

According to a written statement, Fund I has made approximately 250 investments creating over 2,300 jobs and attracting €335m from mostly private sources for follow-up financing, twice as much as High-Tech Gründerfonds invested itself.



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