Dräger, a Lübeck, Germany-based provider of medical and safety technology solutions, is investing in HTGF III, the third fund launched by High-Tech Gründerfonds.
The company joined the German Federal Ministry for Economic Affairs and Energy, the KfW banking group, Fraunhofer-Gesellschaft e.V. and a range of established corporate investors from all industries having already invested in the seed-stage investor which invests in high-tech startups and offers partners early access to startups and technological trends.
In April 2017, Dräger acquired a majority stake in bentekk GmbH, a Hamburg-based startup that received seed financing from HTGF.
Founded in 1889, Dräger is a provider of medical and safety technology solutions. The company generated revenues of more than €2.5 billion in 2016, has over 13,000 employees and operations around the world.