POELLATH advises High-Tech Gründerfonds (HTGF) on successful fundraising for new EUR 400 million seed fund (HTGF IV)
More than EUR 130 million of this amount will be provided by private investors, who are investing in HTGF’s fourth fund alongside the German Federal Ministry for Economic Affairs and Climate Action, and KfW Capital. The volume of commitments secured has exceeded expectations by far.
Operating as a public-private partnership, HTGF is ushering in the next generation of successful collaboration between public and private fund investors: Second closing is set to take place before the end of the year, and thus much faster than the previous funds. Forty companies from an extremely wide range of industries are investing in HTGF IV, including medium-sized “Mittelstand” firms in particular, along with numerous major companies and family offices.
The new fund is an early-stage fund for innovative, technology-oriented companies that are no more than three years old. The new fund will provide early-stage financing to support young companies active in the areas of digital tech, industrial tech, life sciences and chemicals. The analysis and selection methods employed will be geared even more strongly towards the aspect of sustainability. The prerequisites for financing are successful research results, an innovative technological basis and a promising market situation. In addition to providing support on financing issues, HTGF also assists young companies with its network and its technological and business know-how.
POELLATH advised HTGF on all contractual, regulatory and tax aspects of the fund structuring; contractual documentation, and marketing as well as on negotiations with investors with the following Berlin-based team:
- Tarek Mardini (partner, lead, private funds)
- Ronald Buge (partner, private funds)
- Dr. Jan Schulz (senior associate, private funds)
- Antonia Nabavi (associate, private funds)
- Melissa Rödel (research assistant, private funds)
