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Bonn, Germany-based High-Tech Gründerfonds (HTGF) announced on Tuesday, February 28, that it has closed its fourth fund, HTGF IV, at €493.8M, making it the largest fund of HTGF to date.
Dr. Alex von Frankenberg, Managing Director of the High-Tech Gründerfonds, says, “Despite the extremely difficult environment, we are proud to have significantly increased the number of private investors in HTGF IV.”
“The investor base of the HTGF IV reflects the strengths of the German economy: In addition to the majority of hidden champions, selected large corporations, the Fraunhofer Society and, for the first time, five family offices are investors in the HTGF IV,” he adds.
High-Tech Gründerfonds collected €319.5M for its third fund.