High-Tech Gründerfonds: new EUR 400 million seed fund HTGF IV
Bonn — High-Tech Gründerfonds (HTGF) launches its fourth fund and already reaches a committed volume of more than EUR 400 million with the first closing. More than EUR 130 million of this amount comes from private investors who participate in HTGF’s fourth fund alongside the Federal Ministry of Economics and Climate Protection (BMWK) and KfW Capital. The result clearly exceeds expectations.
As a public-private partnership, HTGF is thus taking the successful cooperation between public and private fund investors into the next generation: The second closing will take place this year and thus much faster than with the predecessor fund. 40 companies from a wide range of industries are participating in HTGF IV; medium-sized companies are particularly well represented, along with numerous large companies and family offices.
The new fund is an early-stage fund for innovative, technology-oriented companies that are no more than three years old. With its early-stage financing, it supports young companies in the digital tech, industrial tech, life sciences and chemicals sectors. In the process, the analysis and selection methods will be geared even more closely to the aspect of sustainability. The prerequisites for funding are promising research results, an innovative technological basis and a promising market situation. In addition to providing support on financing issues, HTGF also assists young companies with its network as well as its technological and business know-how.
POELLATH advisedHTGF during the launch of the fund on all contractual, regulatory and tax aspects of fund structuring, contractual documentation and distribution as well as on investor negotiations with the following Berlin team:
Tarek Mardini, LL.M. (UConn) (Partner, Lead, Private Funds)
Ronald Buge (Partner, Private Funds)
Dr. Jan Schulz, LL.M. (London) (Senior Associate, Private Funds)
Antonia Nabavi (Associate, Private Funds)
Melissa Rödel (Research Associate, Private Funds)