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European venture capital firm btov Partners has announced the closure of its €80 million fund aimed for potential tech startups in Europe.
The new btov Industrial Technologies Fund is a consolidated exertion by LfA Förderbank Bayern, NRW.BANK, InnovFin Equity, European Union under Horizon 2020 Financial Instruments & EFSI, European Investment Fund and the core management team.
btov – a pioneer in VC management in Europe
Founded in 2000, btov Partners is one of the premier venture capital firms in Europe. It facilitates private, corporate and institutional investors with efficient capital investment solution. With offices in St.Gallen, Berlin, Munich and Luxembourg, btov is managing about €420 million in institutional funds, partner funds and direct investments of private investors.
Industry 4.0 is on focus
btov Partners is committed to innovations by supporting promising startups across Europe. The new btov Industrial Technologies Fund is intended for startups dealing with AI-driven industrial optimisation, cyber-physical security, smart energy, electronics & photonics, medtech and quantum technologies.
Christian Reitberger, partner at btov said:
We usually invest €1-3 million as lead or co-lead investor in Seed, Series A, possibly also Series B rounds and reserve significant further capital for subsequent rounds. We like to understand the underlying IP and favor cross-domain innovations, such as bringing maturing technologies to new industrial applications. For example, the application of new quantum technologies for sensor technology, the use of new computer architectures for hybrid high-performance computing, generative algorithms for design automation or photonic integration for medical technologies.
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