BayernKapital closes second Bavarian Growth Fund

The firm's first Bavarian Growth Fund held a final close in March 2015. The fund had a volume of €100m, but with additional co-investments from Bavarian founders, the fund aimed to reach a total volume of €200m. The fund has exceeded this target and has made investments totalling €300m. The vehicle deployed equity tickets of €2-9m, making growth investments in Bavarian technology-backed companies.

Weitnauer Rechtsanwälte Partnerschaft provided legal advice.

Investors
BayernKapital is a wholly owned subsidiary of LfA Förderbank Bayern and is therefore backed solely by the bank.

Investments
The fund will invest in growth financing rounds and must participate alongside one or more private investors. The fund will deploy equity tickets of €2-8m, but can go up to €10m. The fund has not yet made any investments, but has a number of deals in the pipeline.

Investments from the GP's first fund include autonomous machine sensor developer Blickfeld, and ProGlove, which develops a glove fitted with integrated scanners and sensors.

People
BayernKapital – Roman Huber (managing director).

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