S-UBG invests in Lunovu

Lunovu aims to use the fresh capital to bolster its growth plans and invest in its product development.

S-UBG works in partnership with German savings bank Sparkasse to provide growth and venture capital to companies in the Aachen, Krefeld and Mönchengladbach regions via TechVision Fonds I, a €40m fund established in 2018. The vehicle is backed by investors including NRW Bank, Kreissparkasse Heinsberg, Stadtsparkasse Mönchengladbach, Nomainvest, DSA Invest, and the Sparkassen of Aachen, Krefeld and Düren.

The fund also backs series-A and series-B rounds. S-UBG generally takes minority stakes, but also backs MBOs and succession solutions for SMEs.

Company
Linovu is based in Herzogenrath and was founded in 2013. The company produces laser machine systems for laser metal deposition, used in 3D metal printing and industrial production. It employs 16 people and reported profit of almost €11m in 2018, according to Northdata.

People
S-UBG – Harald Heidemann (CEO).
Lunovu – Oliver Steffens, Lars Boeske, Rainer Beccard (managing partners).

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• Topics
• Expansion
• DACH
• Industrials
• Venture
• Germany