Rhineland: Investors expand TechVision Fund I to 55 million euros

Photo: Dr. Ansgar Schlei­cher Mana­ging Direc­tor Manage­ment Seed at Tech­Vi­sion Fonds in Aachen, Germany
20. May 2021

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 [1] 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 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.

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