Germany's High-Tech Gruenderfonds invests in augmented reality startup Bitstars.
Corporate and government-backed venture fund High-Tech Gruenderfonds (HTGF) has invested an undisclosed amount in Germany-based augmented reality start-up Bitstars. The technology, which allows users to develop their own augmented reality applications, as developed at RWTH Aachen University. –
Separately, PS Biotech, another spin-off of RWTH Aachen and also from the DWI Leibniz Institute for Interactive Materials, and Codetrails, a spin-off of TU Darmstadt for Java software developers, have raised undisclosed amounts from HTGF.
In the spring of 2013, PS raised its seed round from HTGF to finance the market entry of the Feed Plate tool serving the field of industrial biotechnology.
Meanwhile, HTGF has exited its stake in Till to Krones, a manufacturer of beverage filling and packaging technology, which acquired a 51% stake. Started in 2011, Till develops systems for direct digital decoration of containers. Its remaining 49% are held by the company’s founders.
Editor’s note: A version of this article was first published by our sister title, Global Corporate Venturing.
