Cevotec raises €1.75m from HTGF et al.

The startup hopes to advance its software and production system to series-production stage and realise the market entry with the fresh capital. It also plans to set up a sales and marketing team.

Bayern Kapital is a wholly owned subsidiary of the Bavarian LfA Förderbank and is the venture capital organisation of the federal state of Bavaria. It currently manages 11 investment funds with a total value of €340m. So far, it has invested €220m in 240 companies.

Company
Founded in 2015 as a spinout from Technische Universtität München, Cevotec offers a production technology for carbon composites that works with patch laminates. The company develops and sells production systems, composite design software and offers development services for prototypes and serial products.

People
Cevotec – Felix Michl, Thorsten Groene (managing directors).
High-Tech Gründerfonds – Ansgar Kirchheim (senior investment manager).

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• Topics
• Early-stage
• DACH
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• Germany
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• High-Tech Gründerfonds