SHS invests in Betterguards

Previous investors BFB Brandenburg Kapital, a subsidiary of Brandenburg Förderbank ILB, and Die BrückenKöpfe also participated in this financing round.

This is SHS's third investment from its SHS V fund, which held its first close in July 2018 on €90m and has a target of €150m. The firm expects to hold a final close for the fund in the coming months.

The fresh capital will be used to automate and expand production at the company's factory in Brandenburg.

Previous funding
In 2015, BFB Brandenburg Kapital led a seed funding round for Betterguards, with participation from two business angels.

Company
Based in Berlin and Brandenburg, Betterguards develops and produces technology for manufacturers in the sports equipment, orthopaedic technology and occupational safety sectors. The company was founded in 2014 and employs 14 permanent employees and 25 interns.

People
SHS Gesellschaft für Beteiligungsmanagement – Cornelius Maas (senior investment manager).
Betterguards – Vinzenz Bichler (founder, CEO).

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• Topics
• Expansion
• DACH
• Healthcare
• healthcare
• Germany