UnternehmerTUM Venture holds €34m close for second fund

The fund has a target of €70m and held a first close on €34m in January. This is a marked increase from the GP's first fund, UnternehmerTUM-Fonds, which raised €25m at final close in August 2013.

Investors
According to a press release, the new fund's LP base includes family offices and corporates. The GP's previous fund was backed by 21 LPs, according to unquote" data, including individual investors such as Heinz Dürr and Jürgen Großmann, as well as corporations and institutional investors such as the European Investment Fund and the Max Planck Foundation.

Investments
Like its predecessor, the fund will target technology-driven startups in the DACH region. It will provide series-A and seed capital to companies in the areas of Industry 4.0, the Internet-of-Things, B2B software, mobility, and smart-city technology. Initial investments are capped at €2m, but up to a total of €8m can be deployed per business in further financing rounds. The fund aims to build a portfolio of 15-20 companies.

People
UnternehmerTUM Venture Capital – Ingo Potthof (managing partner); Johannes von Borries (managing partner).

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

• Topics
• Funds
• Venture
• DACH
• Technology
• Germany
• Venture