Germany’s Federal Ministry for Economic Affairs and Energy last week launched fundraising efforts for High-Tech Gründerfonds (HTGF) III with a target size of €300m ($338m).
HTGF is a public-private seed-stage venture capital fund that counts the ministry as its cornerstone investor. It was established in 2005 and focuses on domestic startups less than a year old.
The fund provides up to €600,000 at seed stage and up to €2m in total for each portfolio company, though this will change with…
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