Seed-stage investor High-Tech Gründerfonds (HTGF) held the second closing of its third venture capital fund, HTGF III, at €316.5m.
Investors in this public-private partnership include the Federal Ministry For Economic Affairs and Energy, the KfW Banking Group, and Fraunhofer-Gesellschaft e.V., as well as the companies ALTANA, BASF, Bayer AG, B.Braun, Boehringer Ingelheim, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG.
Since autumn 2017, HTGF III has invested up to €3m and more in exceptional cases in high-tech startups, which are up to three years old, on freely negotiable conditions. The fund is active nationwide but companies based outside of Germany can also be financed in exceptional cases.
Based in Bonn/Berlin, High-Tech Gründerfonds is a seed investor that finances high-potential, tech-driven startups with €892.5m in total investment volume across three funds (€272m in HTGF I, €304m in HTGF II, and a targeted volume of €316.5m for HTGF III) and an international network of partners. Since 20015, the firm has invested in close to 500 start-ups focusing on a range of sectors, including software, media, internet, hardware, automation, health care, chemicals and life sciences.