The fourth fund of Excessive-Tech Gründerfonds has reached a last fund quantity of €493.8m
Alongside the Federal Ministry of Economics and Local weather Safety (BMWK) and KfW Capital, 45 non-public traders (corporations) participated in HTGF IV – a rise of fifty% in comparison with HTGF III that closed at €319.5m.
An preliminary life science funding has already been made, in Phialogics, which develops biologics that stability the immune response in acute and power irritation. With the brand new fund era, HTGF can now make investments much more flexibly and shortly, as some funding standards have been adjusted. Begin-ups solely must be lower than three years previous and have their headquarters in Germany or have a German everlasting subsidiary if the corporate is predicated in one other European nation. A few of HTGF’s investments in corporations working primarily in Switzerland had raised questions previously, which they most likely needed to clear up now. As well as, the fund will be capable to present extra capital per start-up in future: As much as €1m is feasible within the seed spherical, €4m in all financing rounds.
With the launch of the fourth fund, HTGF has round €1.4 bn underneath administration. By way of co-investors and quite a few follow-on financings, the entire quantity of investments has greater than quadrupled: greater than €4.5bn of capital has been invested within the HTGF portfolio by exterior traders in additional than 2,000 follow-on financing rounds up to now. Within the meantime, HTGF has exited round 160 corporations.