HTGF leads seed round for DeviceTrust

According to a statement, the company will use HTGF's investment to undertake product development and marketing activity across the DACH region.

Financial details of the transaction remain undisclosed, though the GP invests €500,000-2m in Germany-based technology companies with revenues of up to €10m. The firm also considers co-investments and targets a holding period of around seven years.

The deal is the fifth German investment made by HTGF since the beginning of August. Other deals have included WhatsBroadcast, Flynex, Rodos Biotarget and Zimmer Biotech.

Company
Founded in 2016 and headquartered in Berlin, DeviceTrust develops software that enables companies to implement flexible and mobile workplaces. It is designed to fulfill security, compliance and regulatory requirements. The company's customers primarily operate in the healthcare and automotive sectors.

People
High-Tech Gründerfonds – Tanja Emmerling (senior investment manager).
DeviceTrust – Sascha Goeckel (CEO).

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