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August 02, 2006
German Fund Seeds 8 Firms In 4 Weeks
Some VCs we know pan investments made by quasi-state backed funds, which is an attitude they might regret, if you ask us. We're looking at the latest investments by Germany's High-Tech Gründerfonds in Bonn (roughly translates as the High Tech Founders' Fund), and we'd say that at least some of them are worth looking at a little more closely.
The recently established fund draws down capital from the state, but also BASF, Deutsche Telekom, and Siemens, and it has been steadily publishing news about its latest investments (about €0.5M each) since mid-June. Some of the startups also received co-investments from early stage VCs and some famous founders. See our list below.
Scylab Media Makes A Handy Device That Can "See" Objects In The Path Of The Visually Impaired
- GILUPI GmbH, Berlin makes Nanosensors for pregnancy tests (co-investors private)
- m2p-labs GmbH, Aachen, Tools for biotech firms (co-investor Gesellschaft für innovative Beteiligungen mbH, Aachen)
- mimoOn GmbH, Duisburg makes newfangled antennas for mobile Internet access at xDSL speeds (co-investor enjoyventure Management GmbH, Düsseldorf)
- netCCM GmbH, Berlin Tools for developers of enterprise software (co-investors Humboldt Innovation GmbH and Stephan Schambach - famous founder of Intershop)
- PublicSolution GmbH, Dresden, Interactive electronic board games
- Product Value Systems AG, Dresden makes business software for product management. (Co-investors included IBG Beteiligungsgesellschaft Sachsen-Anhalt mbH and the PVS GbR, a group of investors managed by Dr.Arno Morenz and Vanessa Masing, Berlin)
- Scylab medic GmbH, Leipzig, develop sensor technology for use by the blind ( co-investor IVC Management GmbH, Aachen)
- Vanatec GmbH, München, Development tools for database developers (co-investor Seedfonds Bayern)
Read - High-Tech Gründerfonds meldet 8 Beteiligungen (vc on target)
Posted on August 2, 2006 12:49 PM | Posted to Early stage | News And Updates | Permalink
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