High-Tech Gründerfonds
VC Profile: HTGF optimistic on seed stage opportunities as exit environment toughens
German seed investor secured almost EUR 500m for its fourth and biggest fund to date at a time when VC funding is slowing down
VC fundraising sinks further with lowest Q1 in a decade
Eight European firms secured just over EUR 2bn in commitments in Q1 2023 as continuing uncertainty suppresses LPsт risk appetite, but fundraising pipeline looks promising
High-Tech Gründerfonds holds first close for fourth seed fund
German investor aims for second close later this year after receiving over EUR 400m in commitments
High-Tech Gründerfonds to launch fourth seed fund
Fund expects to launch its official fundraising process in September 2021, subject to BaFin approval
HTGF, Neuhaus Partners sell stakes in Next Kraftwerke
Shell acquires the virtual power plants operator one month buying VC-backed Ubitricity
VCs in €28m round for eGym
Bayern Kapital, NGP Capital, Highland and HPE back the fitness startup, according to Handelsblatt
Accel leads $21m round for Taxdoo
Series-A for the online retail VAT software is also backed by Visionaries Club, 20VC and HTGF
Octopus, BGF lead $24m round for Orbex
Existing investors High-Tech GrУМnderfonds, Heartcore Capital and Elecnor also participated
Kurma, Sunstone lead CHF 20m round for Synendos Therapeutics
Investors including HTGF also backed the central nervous system disorder therapy developer
HTGF et al. lead €2m round for All3DP
Company intends to launch an international financing round, which is scheduled for 2021
HTGF, Evonik exit Synoste to trade
Deal is HTGF's 11th exit during the coronavirus pandemic, and comes seven years after the VC first invested in the company
HTGF, Bayern Kapital exit ChromoTek to trade
VCs invested in the nanobodies developer in 2010; ChromoTek has been sold to a US-based market peer
HTGF, WestTech sell Semknox to trade
Sale of its stake in the AI-backed product search software platform is HTGF's eighth exit of 2020
BioMed Partners and HTGF lead €10.7m round for Tubulis
Seventure Partners, Coparion, Bayern Kapital and Occident also back the pharmaceutical company
VCs exit Inventorum to Shore
HTGF and Vogel Ventures have previously backed cash management software Inventorum
HTGF backs funding round for NovaPump
Allßequitz backing for the heart pump developer also comes from Beteiligungsmanagement Thüringen
HTGF appoints new managing director
GP announced the appointment of Guido Schlitzer at its Family Day, which brought together VCs and startups online
Six Fintech Ventures leads €4.3m round for PXL Vision
Also participating in the round were High-Tech Gründerfonds, ZKB, Arab Bank and two business angels
BayBG backs round for EverReal
Seed round extension follows the first round in November 2019, backed by HTGF and Seed X
Insight Partners et al. back €27m series-C for SimScale
Engineering simulation software provider was also backed by a number of existing investors
Bayern Kapital, HTGF, Occident exit Cunesoft
Buyer is healthcare software provider Phlexglobal, a portfolio company of Vitruvian
Brandkamp leaves HTGF to establish new fund
Brandkamp will join the new European Circular Bioeconomy Fund, focusing on sustainable investments
HTGF exits Grandcentrix to Vodafone
Exit follows HTGF's initial investment in the Internet-of-Things company in 2010
HTGF et al. in €2.3m round for HQS Quantum Simulations
HQS will use the capital to develop its partnerships in the chemical industry