The corporate-backed fund has profitably divested stakes in transmission electron microscopy company Kontem and LED lighting product maker LEDexchange.
High-Tech Gruenderfonds (HTGF), a German state and corporate-backed early-stage investment firm, has sold its stakes in two portfolio companies.
Kontem, a spin-off of the Max Planck Society and its affiliated research centre Caesar, which develops electron microscopes, was taken over by microscopy technology company FEI Company, while HTGF sold its stake in energy savings company LEDexchange at a profit to an undisclosed private investor during the course of LEDexchange’s latest financing round.
HTGF invested in LEDexchange in 2012 before further…
