media + more venture Beteiligungs and METRO GROUP invest in High-Tech Gruenderfonds II

media + more venture Beteiligungs GmbH & Co. KG, and METRO GROUP invested in High-Tech Gruenderfonds II.

media + more venture Beteiligungs GmbH & Co. KG is a consortium of three publishers including Badisches Pressehaus GmbH & Co. KG, the Druck & Medien Heilbronn GmbH, and Rhein Main GmbH & Co. KG (VRM). METRO GROUP is an international retail and wholesale company.

These commitments brought the total amount under management by HTGF II to €301,5m, of which €41,5m was raised from 17 private investors (ALTANA, BASF, B. Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss).

High-Tech Gruenderfonds II, a public-private partnership between the Federal Ministry of Economics and Technology, the KfW Banking Group and the 17 firms, provides newly-founded high-tech companies with venture capital of up to €500k in the form of seed financing, with potential further investments of up to €1,5m each at later stages.



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