
HTGF et al. invest in Cuciniale
High-tech Gründerfonds (HTGF) and business angels consortium BAC1 have backed start-up Cuciniale GmbH with an undisclosed sum.
The investment has funded the company's development of its intelligent cooking technology from prototype stage to impending market launch.
The system is to be applied to a variety of products which seek to revolutionise home-cooking, according to the GP.
Company
Cuciniale GmbH was founded at the end of 2011 in Lindau, on Lake Constance. It develops and markets intelligent cooking assistance systems for the consumer goods market.
Founding members are Prof Dr Tobias Flämig, Prof Dr Michael Greiner, Hannes Ackfeld and Holger Henke.
People
Michael Strzyz has led the deal as investment manager at High-Tech Gründerfonds. Hans-Peter Ilgner is a business angel from the Frankfurt-Rhine-Main region and spokesperson for BAC 1.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater