High-Tech Gründerfonds Management

About High-Tech Gründerfonds Management

High-Tech Gründerfonds (HTGF) is Germany's most prolific seed venture capital investor with more than €2.0 billion across all fund vintages as of December 2024 (€3 billion plus including the 2024 Opportunity Fund), headquartered in Bonn with additional offices in Berlin and Munich. The firm was founded in 2005 by the Federal Ministry for Economic Affairs and Energy as a public-private partnership combining BMWK, KfW Capital and approximately 45 corporate and family-office limited partners including BASF, Bosch, Bayer, Siemens and SAP. HTGF has backed 700+ portfolio companies and realised 200+ exits across its history.

Investment thesis

HTGF deploys capital through five flagship funds (HTGF I 2005 €272 million, HTGF II 2011 €304 million, HTGF III 2017 €320 million, HTGF IV 2022 approximately €494 million) plus the HTGF Opportunity Fund 2024, writing initial pre-seed and seed tickets of €800k plus up to €30 million in follow-on via the Opportunity Fund. Sector focus spans digital tech, industrial and climate and deep tech and life sciences and chemistry. Geographic deployment is concentrated on Germany (mandatory HQ or German base of operations), with the unmatched corporate-LP network giving founders direct industrial customer access throughout the post-investment phase.

Recent activity

Recent realised exits include biotech (2026) and wellness and consumer tech (2026). Recent investments include ATMOS Space Cargo (space, 2026) and Avelios (digital health, 2026). The platform continues active deployment of HTGF IV across the German early-stage technology ecosystem and the 2024 Opportunity Fund for follow-on investment. Detailed buyer names and multiple data available on Pro at €49/month.