High-Tech Gründerfonds (HTGF), a German state and corporate-backed seed investor, has added two limited partners to take its second fund to more than €300m ($400m).
The latest commitments from local retailer Metro Group and Media + More Venture, a consortium of three German-language publishers, takes HTGF’s second fund to €301.5m.
The fund has 17 corporate limited partners that have committed an aggregate €41.5m with the remainder provided in a public-private partnership with the Federal Ministry of Economics and Technology and the KFW Banking Group.
The other corporate investors are Altana, BASF, B Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss.
Media + More brings together three publishers: Badisches Pressehaus, publisher of Badische Zeitung, the Druck & Medien Heilbronn and Rhein Main, which produces Allgemeine Zeitung. The consortium committed €3m.
Tilmann Distelbarth, publisher of the Heilbronner Stimme, said: “While the…
