Germany-based seed stage venture capital firm High-Tech Gründerfonds recently received a €3m investment for its Fund III.
The fund, which last year closed at €316.5m, was reopened to enable the entry of the founders of Cologne-based Fond Of. Its volume now totals €319.5m.
The makers of FOND OF will open their new Growth Accelerator, the xdeck, at the beginning of 2020 in their new building project, “The Ship in Cologne”. As an initiative by founders for founders, the xdeck is aiming to address responsible and strong start-up teams from the consumer, commerce and digital sectors.
On xdeck, they will receive support in implementing their business models and imparting knowledge in all relevant issues that are encountered during the growth phase.
Fond Of is a platform for personal growth, development of potentials and innovation. The founders, Oliver Steinki, Florian Michajlezko and Sven-Oliver Pink, started 2010 with the mission to disrupt the market for school bags with their first brand ergobag.
The product universe now includes a total of seven kids-, lifestyle- and business-backpack brands as well as a fashion label.
The founders of Fond Of GmbH are developers of the new building project The Ship. It is being built in Cologne-Ehrenfeld and will provide space for around 500 people on a gross floor area of over 13,000 sqm. Completion is scheduled for the first quarter of 2020.
The 275 Fond Of employees and the founders’ Growth Accelerator, the xdeck, will move into the building in addition to other innovative companies.