NBR Technology leads Gestigon’s series-A

Vorwerk Direct Selling Ventures and High-Tech Gründerfonds (HTGF) also participated in the round.

The raised sum remained undisclosed, but Gestigon stated that the investors injected several million US dollars. 

The company will use the funds to grow the business, with a focus on licensing its product to corporates in the automotive, comsumer electronics and virtual reality industries. 

NBR is a joint investment vehicle of Commerbank advisory board member Fabian Kuenheim, Kuwaiti businessman Ali Alghanim and a number of business angels.

Previous funding
HTGF and regional fund Mittelständische Beteiligungsgesellschaft Schleswig-Holstein took part in Gestigon's seed round in in January 2013. The same investors were also involved in the first round of the company's series-A, which closed in December 2014, alongside one of the founding shareholders and three business angels.

Company
Lübeck-based Gestigon has developed a software for gesture recognition and control on the basis of 3D cameras, which is compatible with mobile devices and runs on all standard operating systems.

The company was founded in 2011 as a spinout from the University of Lübeck's Institute for Neuro- and Bio-informatics.

The company's founding members are Sascha Klement, Erhardt Barth and Thomas Martinetz, and the team was completed by managing director Moritz Grotthuss, who joined in 2012. Gestigon has 27 employees.

People
Torsten Löffler is an investment manager at HTGF.

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