The Germany’s Federal Minister for Economic Affairs, KfW and the European Investment Fund recently launched a new €225m venture capital fund.
Managed via a separate company headed by an experienced management team including Christian Stein, David Zimmer, Carten Gellermann, and Isabelle Canu, the “coparion” co-investment fund will invest in young technology-oriented companies with a permanent establishment in Germany which are no more than ten years old and which are developing new products, processes or services or introducing them to the market.
As a co-investment fund, it will co-invest with private-sector lead investors at the same commercial conditions.
Stakes of up to €10m are possible per company.
There are no sectoral restrictions/requirements.
The duration of the vehicle is 10 years.