Rhineland: Investors expand TechVision Fund I to 55 million euros
Aachen — The TechVision Fund I (TVF) will be increased by another 15 million euros. This means that the fund, which belongs to the S‑UBG Group, now has a total of 55 million euros in venture capital available for start-up financing in the Aachen region and the Lower Rhine area. TVF’s existing investors  are joined by Sparkasse Neuss, Stadtmarken GmbH and Moderner Baubedarf GmbH as financially strong private investors from Aachen. “We are pleased to be able to support and further develop innovative start-up teams from the western Rhineland even more strongly through more capital and new investors,” says Bernhard Kugel, CEO of S‑UBG AG and managing director of the TechVision Fund.
Geographical expansion of financing activities
“With TechVision Fund I, in addition to seed investments, we also aim to participate in subsequent financing rounds, Series A and B, of existing and new portfolio companies,” Kugel emphasized. The venture capital fund specializes in financing start-ups with a distinct opportunity/risk profile. “As a new investor, we want to be a reliable financial partner for start-ups in the greater Neuss area as well. For all our down-to-earthness, we are very open to new products and technologies,” says Marcus Longerich, Deputy Board Member of Sparkasse Neuss. “Together with the other capital providers, we have made it our goal to further promote start-up activities in our region. We also want to support the structural change that is necessary because of the planned energy turnaround.”
Norbert Hermanns, Managing Director of Aachener Stadtmarken GmbH, adds: “Thanks to the diverse research landscape in the western Rhineland, the region is predestined to produce forward-looking ideas. However, in order to make these marketable, innovative young entrepreneurs need appropriate financial resources.” Manuel Nadenau, Managing Director of Moderner Baubedarf GmbH, also sees the potential: “An exciting new task lies ahead of us and we are pleased to be able to bring a breath of fresh air to the start-up scene together with the other investors by supporting young and innovative founders from the region.”
Success stories made in the Rhineland
To date, the Seed Fonds Aachen and the TechVision Fonds have supported over 20 start-ups with capital, strategic knowledge and S‑UBG’s extensive network — including taxy.io GmbH, a start-up dedicated to providing the basis for automated B2B tax advice using artificially intelligent software. In TVF’s portfolio since 2019, the young company has already been able to grow rapidly through two rounds of financing and further expand its offering in terms of industry and geography. The TechVision Fund portfolio also includes the Düsseldorf-based software developer talent::digital and the mobility platform MOQO — these start-ups have also achieved entrepreneurial milestones through individual financing models. In the health and bioscience sector, the investment enabled the companies PL BioScience and Protembis to further develop their products and bring them to market maturity.