btov Partners, a European venture capital firm, held the second closing its new Industrial Technologies Fund, at €80m.
This sum has been raised from the firm’s private investor network, which includes many successful entrepreneurs and executives from industry, from strategic investors, family offices, foundations, a number of banks, LfA Förderbank Bayern, NRW.BANK, the European Investment Fund – and the management team itself. Conversations with additional investors are already underway to further increase the fund volume over the coming months.
Led by Benedikt Kronberger, Dr. Christian Reitberger, Dr. Christian Schütz, and Robert Gallenberger, the fund will invest in European startups that develop innovative software and hardware for industrial applications.
In details, the fund invests in:
– robotics and autonomous agents,
– AI for industrial process optimisation,
– industry 4.0, and IIoT (Industrial Internet of Things),
– cyberphysical security,
– electronics and photonics,
– disruptive and resource-efficient production technologies such as additive manufacturing, power generation and storage, as well as
– medical and quantum technologies.
The team has complementary academic backgrounds covering engineering and science as well as business administration. Professional experiences range from automotive production, management consulting, M&A advisory to founding & managing businesses. The four partners have personal connections to many leading European technology centers and research institutions and have invested in spinouts out of CERN, TU Eindhoven, TU Munich, KU Leuven/imec and many other centers of excellence.
The firm is based in St.Gallen, Switzerland, Berlin and Munich, Germany and Luxemburg.