Semi-Public Tech VC Closes at over EUR 400 Million

June 2022

The fourth edition of High-Tech Gründerfonds (HTGF – High Tech Founders Fund) has concluded its first closing with a pledged volume of EUR 420 million. More than 130 million of the money, which is  aimed at innovative tech companies no more than three years old, comes from 40 private investors – with the rest being put up by the German Ministry for Economic Affairs and Climate Action and the government’s economic development bank KfW.

The closing represents a record level for HTGF investments of this kind.

“In light of the threat of economic crisis, it’s a positive sign that we could collect more money than ever from so many investors,” HTGF head Alex von Frankenburg told business newspaper Handelsblatt.

A second closing is expected later this year.

“For years, the High-Tech Gründerfonds has shown what successful cooperation between public and private venture capital can look like,” said the Ministry’s commission for the digital economy and start-ups Anna Christmann. “We are placing our bets on successful founders whose new business models and business skills will make a pivotal contribution to innovation in Germany and Europe.”

The managing directors of the HTGF, Alex von Frankenberg (left) and Guido Schlitzer © HTGF