HTGF backs siOptica

The firm will use the fresh capital to enter the market. It develops privacy solutions for ATMs and other payment terminals, such as a filter that reduces the brightness loss when shielding the PIN input on an ATM.

siOptica aims to achieve a market share of 10-15% within the next four to five years in the area of payment terminals and ATMs.

It is HTGF's third investment this month, having backed Roombeats, a marketing and image-based content provider, with €500,000 at the beginning of this week. The venture capital firm also backed exelonix, a provider of internet-based assistance systems for elderly people, at the beginning of August.

Company
siOptica was founded this year in Jena, Thuringia. The firm offers technologies in the field of secrecy filters, screening data from unauthorised views. It develops filters that can be used in the banking, retail and payment sector, logistics and secure access, data security as well as consumer electronics.

People
Guillem Sague is an investment manager at HTGF. Markus Klippstein is CEO of siOptica.

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• Topics
• DACH
• Early-stage
• Technology
• Germany
• High-Tech Gründerfonds