High-Tech Gründerfonds (HTGF), Germany’s largest and most active seed stage investor, announced the first closing of its third fund, High-Tech Gründerfonds III, at €245m.
In addition to public partners like the Federal Ministry for Economic Affairs and Energy (BMWi), KfW, and Fraunhofer-Gesellschaft e.V. investors include 26 companies from the industry and business world including ALTANA, BASF, B.Braun, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Drillisch AG, EVONIK, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik, and WACKER.
From fall 2017, HTGF III will invest up to €3m in each company and in exceptional cases even more venture capital.
The new fund, which continues the story of the first two funds with almost 500 investments and a total of 75 exits, has a target volume of €300m to ensure support up to 40 startups every year. The focus has been broadened with Fonds III backing startups up to the age of three.