HTGF III raises target and tweaks investment terms

The fund is now operational and will begin making its first investment decisions this week.

HTGF announced the first close of its latest vehicle on €245m in May 2017 and has a current volume of €250m. At this stage, the target was €300m and the VC planned to make the first investments from the vehicle in Q4.

The VC firm says that due to the high proportion of private investors in the fund (30%) it is able to offer a more flexible investment approach. It will invest on its own or with partners either with a freely negotiable company valuation or with the subordinated loan model.

HTGF II made initial investments of €500,000 but the new vehicle will provide initial investments of €1m with up to €3m per company available. HTGF says this increase is aimed at startups in all areas with higher financing needs from the beginning.

It will continue to focus primarily on German companies but now has flexibility to back companies headquartered outside of Germany in exceptional cases.

Additional fund investments and investors will be announced before the end of the year.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Venture
• DACH
• Technology
• Germany
• High-Tech Gründerfonds
• Venture