FSH leads €2.3m series-B for fos4X

Previous investors Bayern Kapital, High-Tech Gründerfonds (HTGF), UnternehmerTUM-Fonds and Dr Schulze Holding supplied the remaining funding.

This investment marks the third influx of equity into fos4X, following two earlier funding rounds by Bayern Kapital, HTGF and UnternehmerTUM-Fonds.

The first was a seed financing round in 2012. In 2013, the three firms came together again for a series-A funding round alongside business angel Gisbert Schulze.

The company will dedicate the latest funding round to the launch of products including fos4Blade BID and fos4Blade ALR. These developments take place as fos4X reported revenues had doubled for the third year in a row.

Falk Strascheg Holding's portfolio features other investments in high-tech companies including a €3.3m early-stage deal for DirectPhotonics Industries.

Company
Founded in 2010 by Thorbjörn Buck, Lars Hoffmann, Mathias Mueller and Rolf Wojtech, fos4X is a spin-off from the Technical University of Munich. Its main product is a fibre-optic sensor used to measure wind force on the rotor blades of wind turbines. The company has also developed a range of products employed to measure the power of pantographs on trains.

People
HTGF was represented by investment manager Guillem Sagué. Lars Hoffman is managing director at fos4X.

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