BayBG buys minority stake in impacore

The fresh capital will be used to increase impacore's global expansion, with a special focus on strengthening its position in the US and Asian market.

The investment in impacore is BayBG's fifth deal so far this year.

In February, the Bavarian venture capital house backed technology firm crealytics, alongside High-Tech Gründerfonds (HTGF), Bayern Kapital, LBBW Venture Capital and Mountain Super Angel, in an estimated €5m funding round.

BayBG then joined HTGF and Bayern Kapital in a €1m series-A round for German laser and light systems provider German Medical Engineering.

In August, BayBG backed two start-ups, the messenger service tiramizoo and supplier of packaging for medical products puracon.

Company
impacore is an IT company that provides performance-rating services of consultants and professional service providers to international companies. 

The business was founded in 2010 and is based in Munich. It currently operates in Europe, the US, Asia and Australia.

People
Alexander Ullmann is BayBG's investment manager and led the deal. Marcus Gulder is responsible for BayBG's venture capital activities. Marcus Hülshoff is impacore's CEO. Antje Völker, Martin Dürr and Winfried Thom are impacore's managing directors.

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• Topics
• DACH
• Support services
• Early-stage
• Germany
• Bayerische Beteiligungsgesellschaft mbH (BayBG)