TRUMPF Venture partners with Unternehmertum Venture Capital
TRUMPF Venture participates in the Unternehmertum Venture Capital's second fund, which has made 70 million euros available to finance start-ups
TRUMPF bolsters UVC’s 70 million-euro second fund with an investment of 5 million euros. The fund finances start-ups in the areas of Industrial Technologies and Smart Enterprises. In January, the early-stage financier successfully concluded its first closing with 34 million euros. Other UVC stakeholders include family offices, companies and industry groups.
“We see the partnership with UVC as an important building block to expand our venture capital activities. Coupling our industry experience with the expertise of UVC’s team lays the foundation for a successful collaboration. Expanding our network gives us a broader perspective on areas within and outside our own realm,” says Christof Siebert, head of technology and innovation management at TRUMPF.
The new UVC fund II plans to set up a portfolio of 15 to 20 high-growth companies from the German speaking region in the areas of Industry 4.0 and IoT, B2B software (SaaS), mobility and Smart City. UVC steps in as lead investor primarily in the seed and series A phase, typically investing up to 3 million euros at first. In further funding rounds, UVC can invest a total of up to 8 million euros per start-up.
Digital photographs in print-ready resolution are available to illustrate this press release. They may only be used for editorial purposes. Use is free of charge when credit is given as “Photo: TRUMPF”. Graphic editing – except for dropping out the main motive – is prohibited.
TRUMPF Venture participates in the Unternehmertum Venture Capital's second fund, which has made 70 million euros available to finance start-ups
TRUMPF bolsters UVC’s 70 million-euro second fund with an investment of 5 million euros. The fund finances start-ups in the areas of Industrial Technologies and Smart Enterprises. In January, the early-stage financier successfully concluded its first closing with 34 million euros. Other UVC stakeholders include family offices, companies and industry groups.
“We see the partnership with UVC as an important building block to expand our venture capital activities. Coupling our industry experience with the expertise of UVC’s team lays the foundation for a successful collaboration. Expanding our network gives us a broader perspective on areas within and outside our own realm,” says Christof Siebert, head of technology and innovation management at TRUMPF.
The new UVC fund II plans to set up a portfolio of 15 to 20 high-growth companies from the German speaking region in the areas of Industry 4.0 and IoT, B2B software (SaaS), mobility and Smart City. UVC steps in as lead investor primarily in the seed and series A phase, typically investing up to 3 million euros at first. In further funding rounds, UVC can invest a total of up to 8 million euros per start-up.
Digital photographs in print-ready resolution are available to illustrate this press release. They may only be used for editorial purposes. Use is free of charge when credit is given as “Photo: TRUMPF”. Graphic editing – except for dropping out the main motive – is prohibited.