Bonn-based public-private venture capital investment firm High-Tech Gründerfonds (HTGF) has unveiled its fourth fund with over €400 million in commitments to fund early-stage startups in Germany.
This remains the biggest fund unveiled by the company until now.
Forty private investors participated in the HTGF IV fund, alongside the German Federal Ministry for Economic Affairs and Climate Action (BMWK), and KfW Capital.
Bolstering Germany’s position as a business hub, the new fund will provide early-stage financing to 40 young German startups that are no more than three years old.
Key focus areas include digital tech, industrial tech, life sciences, and chemicals with special attention to sustainability.
According to the company, the second closing of the fund is set to take place before the end of the year.
Founded in 2005, the early-stage seed investor connects corporations, medium-sized firms, and family-run companies with high potential high-tech startups in the country.
As of now, it has provided financing for over 670 startups and sold more than 150 companies, including a billion-euro exit and four IPOs.
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