TUM-affiliated UVC Partners has raised a third fund from limited partners including Lanxess to invest in industrial technologies, business-to-business software and mobility.
UVC Partners, the Germany-based venture capital firm affiliated with Technical University of Munich (TUM), unveiled its €150m ($178m) third fund on Tuesday backed by limited partners including specialty chemicals company Lanxess.
The co-founders of mobility services provider Flixbus also invested in the fund, as have a range of unnamed institutional investors, family offices, corporates and family businesses.
UVC Partners maintains a close relationship with UnternehmerTUM, the centre for innovation and business creation of TUM. The two entities share…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
