Fond Of’s co-founders have put $3.5m into High-Tech Gründerfonds’ third fund, bringing its total to $375m and adding to commitments from limited partners including Fraunhofer Society.
Germany-based public-private partnership High-Tech Gründerfonds (HTGF) secured an additional €3m ($3.5m) for its third fund on Tuesday from the co-founders of backpack and fashion label Fond Of to close the vehicle at $375m.
The fund was specifically reopened for Fond Of’s co-founders.
HTGF in turn joined the XDeck, an accelerator program set up by Fond Of that will welcome its first cohort in 2020 at a purpose-built facility in Cologne called the Ship. The accelerator will focus on…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
