UnternehmerTUM leads €6.5m funding round for Fazua

Early-stage investors High-Tech Gründerfonds (HTGF) and Bayern Kapital also took part in the financing.

The fresh capital will be used to meet increasing demand for Fazua products as well as invest in further product development.

Fazua will also expand the team, starting with hiring for quality control, production management and electronic development positions.

Previous funding
HTGF and Bayern Kapital led a seed round for Fazua in February 2014. Both investors returned in March 2017 to lead a syndicate of five private investors to provide Fazua with an extra €3m.

Company
Fazua was founded in 2013 in Munich. The company produces the Evation drive system, a product that is specifically designed for the demands of high-performance riding and aims to offer the natural ride feeling of a non-motorised bicycle. Clients using the drive system include Cube, Focus, Bianchi, Fantic and Pinarello.

People
UnternehmerTUM Venture Capital Partners – Benjamin Erhart (partner).
Bayern Kapital – Georg Ried (managing director).
High-Tech Gründerfonds – Yann Fiebig (investment manager).
Fazua – Johannes Biechele (CEO).

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• Topics
• Expansion
• DACH
• Industrials
• Germany
• High-Tech Gründerfonds
• Venture