The High-Tech Gründerfonds is launching its third fund. The investment volume per company increases to up to 3 million euros.
High-Tech Gründerfonds (HTGF) has announced the operational launch of its third fund. The fund currently has a volume of €250 million. The final closing will be increased to a target volume of €310 million, as investors from the business world have pledged their commitment.
“We bring not only capital but also the experience from over 480 seed investments, 4,000 transactions with more than 1,500 investors and almost 90 exits into every new investment,”
says Dr. Michael Brandkamp, Managing Director of High-Tech Gründerfonds,
"With the 28 large and medium-sized companies that have invested in the fund, we offer all our portfolio companies unique access to the German economy. At the same time, the third fund can respond more specifically to the needs of startups with individually tailored terms and larger volume."
Up to three million euros per company
The third fund, called “HTGF III,” can invest alone or together with partners at a freely negotiable company valuation or, as before, in the subordinated loan model. Dr. Alex von Frankenberg, Managing Director of the Fund, says:
"We offer founders individualized and tailored support and flexible financing. We can invest up to one million euros in the first financing round, either alone or jointly with other investors. A total of up to three million euros in equity capital is available per company."
The increased investment volume is intended to appeal to startups with greater financing needs. The previously mandatory equity contribution is no longer mandatory. Another new feature is that the companies in which the HTGF invests can be up to three years old. The HTGF will continue to operate nationwide, but in exceptional cases, companies not headquartered in Germany can also be financed.
