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S‑UBG: Second Closing at EUR 40 million of TechVision Fund I

10. Febru­ary 2020

Frank­furt a. Main — Tech­Vi­sion Fonds I has doubled its subscrip­tion capi­tal to appro­xi­mately EUR 40 million after real­lo­ca­tion of the fund compa­red to the first closing. P+P Pöllath + Part­ners advi­sed the fund mana­ger, which is part of the S‑UBG Group, on all legal issues regar­ding fund struc­ture and distribution.

Tech­Vi­sion Fonds I is a venture capi­tal fund with an invest­ment focus on tech­no­logy compa­nies in the Aachen, Krefeld and Mönchen­glad­bach regi­ons. Origi­nally desi­gned for seed invest­ments, the Tech­Vi­sion Fund (form­erly Seed Fonds III Aachen & Mönchen­glad­bach) now aims to parti­ci­pate in subse­quent finan­cing rounds of exis­ting port­fo­lio compa­nies as well as a geogra­phi­cal expan­sion beyond the econo­mic region of Aachen, in addi­tion to early-stage investments.

The gene­ral part­ner led by the manage­ment team of the S‑UBG Group is FM Fonds-Mana­ge­­ment für die Region Aachen Betei­li­gungs GmbH. S‑UBG is a leading part­ner in provi­ding equity capi­tal for estab­lis­hed medium-sized compa­nies as well as young, tech­­no­­logy-orien­­ted start-ups. As an asso­cia­tion of regio­nal savings banks, S‑UBG can look back on more than 30 years of expe­ri­ence in the field of equity capi­tal. With Tech­Vi­sion Fonds I, the fund manage­ment company mana­ges the third genera­tion of its seed and early stage funds specia­li­zing in regio­nal companies.

P+P Pöllath + Part­ners advi­sed the fund mana­ger compre­hen­si­vely on all contrac­tual, tax and regu­la­tory aspects of the fund struc­tu­ring as well as the distri­bu­tion with the following cross-loca­­tion private funds team.
Dr. Andreas Rodin, Photo (Part­ner, Private Funds/Tax Law, Frank­furt am Main)
— Jan Phil­ipp Neidel, LL.M. (UConn) (Senior Asso­ciate, Private Funds/Tax Law/Venture Capi­tal, Berlin), Dr. Simon Scha­chin­ger (Asso­ciate, Private Funds/Tax Law/Venture Capi­tal, Berlin)

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