High-Tech Gründerfonds launches second fund

The start-up investor has been active since 2005 with its first €272m fund. During its investment period, ending this year, High-Tech Gründerfonds I has made approximately 250 investments in young technology firms. HTGF has also managed to raise €335m from private sources for follow-up financing of its portfolio companies.

Investors
The German government is a cornerstone investor in the second fund, providing €220m, while KfW injects a further €40m. Among the private investors are Altana, Deutsche Telekom, B. Braun Melsungen, Deutsche Post, DHL, BASF, QIAGEN, RWE Innogy, CeWe and Tengelmann. Bosch, Daimler and Carl Zeiss which backed the High-Tech Gründerfonds I will also invest in the second fund.

Investments
The management team of Gründerfonds II will continue the strategy of HTGF's first fund and invest in start-up companies in the technology sector. As a first step, HTGF provides €500,000 of venture capital to the company and supports the management team in the first one to two years of its founding phase.

People
Michael Brandkamp is managing director at High-Tech Gründerfonds.

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