HTGF exits Incapptic Connect to trade

MobileIron's unified endpoint management (UEM) platform will be able to integrate with Incapptic Connect's platform to further develop and distribute its in-house apps for businesses, according to a statement.

The statement said the deal is HTGF's 113th exit since the specialised technology investment firm's inception and the third to take place during the coronavirus pandemic. The GP sold its stake in Metoda (formerly known as PreisAnalytics) to Maxburg Capital Partners in April 2020.

The GP is currently deploying from its third fund, which held a final close in July 2018 on €316.5m.

Previous funding
HTGF invested in Incapptic in a round of seed funding in February 2017. At the time, the GP was deploying equity from its second vehicle, which held a final close in January 2013 on €301.5m.

Company
Incapptic produces software that enables businesses to publish and update internally and externally developed mobile apps. Users can distribute their apps via systems, including that of its new owner MobileIron, as well as the Apple App Store and Google Play. Its customers include Henkel and Lufthansa, according to its website.

Based in Berlin, Incapptic was founded in 2016 and has 13 employees, according to LinkedIn. It generates revenues of $3m, according to Zoominfo.

People
Incapptic Connect – Rafael Kobylinski (founder, CEO).
High-Tech Gründerfonds – Louis Heinz (investment manager).

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• Exits
• DACH
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• Trade sale
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• High-Tech Gründerfonds