High-Tech Gründerfonds backs OakLabs
High-Tech Gründerfonds has invested in German biotech company Oaklabs.
The seed funding will be used to develop OakLabs' DNA marker product for commercial use.
Company
OakLabs is a biotechnology company that develops DNA markers for plant breeding. The DNA markers can recognize characteristics that are important for taste to make breeding more effective. The product is expected to enter the market in summer 2012.
The company was founded in by Martina Schad and Jim Kallarackal in 2011. It is based in Hennigsdorf, outside Berlin.
People
Kay Balster, investment manager, led the deal on behalf of High-Tech Gründerfonds
More on DACH
Dataciders sponsor Auctus mulls sale via Houlihan Lokey
German GP first acquired the local IT services group in May 2019 via Auctus V, a 2019-vintage
Bregal eyes local deal origination with new Swiss office
GP's third fund is completing its investment period, with fourth fund registered
Newly launched Utopia Capital aims to deploy EUR 10m-plus by 2028
Angel investor Christian Schroeder's new investment vehicle will support early-stage tech companies addressing humanitarian issues
Germany's DFL to collect NBOs for EUR 3bn media rights stake
Large-cap sponsors including Advent, Blackstone, Bridgepoint, CVC, EQT and KKR expected to bid today
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds