UnternehmerTUM closes first fund on €25m

UnternehmerTUM-Fonds reached a first close on €12m in July 2011. The vehicle met its initial target of €25m.

Investors
The fund was backed by individual investors such as Heinz Dürr and Jürgen Großmann, by corporations such as Solvia and institutional investors such as the European Investment Fund, Robert Bosch Venture Capital, Max-Planck-Foundation and Werner Reichenberger Stiftung.

Overall, 21 LPs invested in the fund.

Investments
UnternehmerTUM has invested in four start-ups via this vehicle since first close.

The firm backed fibre-optic measurement business fos4X in a seed financing round in May 2012 and in a further series-A round in August this year.

The venture capital house is aiming to hold a total of 15 portfolio companies by 2016.

UnternehmerTUM backs German start-up companies in the information and communication, medical technology and cleantech sectors. The firm focuses on university and research institute spin-offs.

UnternehmerTUM typically invests up to €500,000 in seed rounds and up to €3m in each company overall.

People
Helmut Schönenberger manages UnternehmerTUM-Fonds. Susanne Klatten is UnternehmerTUM's CEO.

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