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