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Alex von Frankenberg (High-Tech Gründerfonds Management GmbH)

von Frankenberg, Alex (High-Tech Gründer Gründerfonds 201209 Managing Director)

 

Organisation Organisation High-Tech Gründerfonds Management GmbH
  Group High-Tech Gründerfonds (HTGF) (Group)
Product Product venture capital
     

High-Tech Gründerfonds Management GmbH. (9/4/12). "Press Release: SAP Invests into High-Tech Gründerfonds II". Bonn.

SAP AG, worldwide market leader for company software, has participated in High-Tech Gründerfonds II, thus increasing the number of industrial investors to 14 companies. In doing so, SAP AG, the most successful German "start-up" of the last 40 years, demonstrates its commitment to the German start-up community.

The High-Tech Gründerfonds II started in October 2011 with a volume of 288.5 million EUR in the first closing. With that it provides innovative technology companies, in addition to an active support, a seed financing of up to 500,000 EUR as risk capital and can also invest up to 1,5 million EUR per company in subsequent rounds.

"With the commitment of the SAP AG in the HTGF II the company sends a very positive signal into the seed market, especially for the boom in the case of software start-ups in Germany", says Dr. Alex von Frankenberg, managing director of High-Tech Gründerfonds, and he adds: "With the participation of SAP AG we intend to increase the amount of successful high-growth companies in the software business, thus producing further world market leaders in the long run". A commitment is useful for both, the investors as well as the portfolio companies of HTGF, says von Frankenberg: "On the one hand the cooperation with young technology companies enables groups to get access to extraordinary innovation, and on the other hand enables our portfolio companies to provide further support in developing the company."

Dr. Jörg Sievert, Managing Director SAP Ventures, summarizes the commitment of SAP AG as investor as follows: "We are looking forward to supporting the High Tech Gründerfonds. Initiatives of this type are exactly what Germany needs in order to become even more attractive as High Tech location in the future." For SAP there is a further practical value, says Sievert: "We can imagine to cooperate with some companies of the portfolio of the HTGF, amongst other things concerning the application of our extremely powerful data bank HANA."


Information on SAP

As market leader for company software SAP AG supports companies of any size and field of business to operate their business at a profit, to adjust continuously and to grow sustainably. From the back office to the boardroom, from the warehouse to the shelf, from the desktop to the mobile terminal - SAP puts people and organisations into a position to cooperate more efficiently and to use business information more effectively than the competitor. More than 195,000 customers (including customers of SuccessFactors) rely on SAP applications and services in order to better achieve their business objectives. For further information please visit www.sap.de.

For press photos and TV material in high resolution please visit our platform www.sap.com/photos. There you find up-to-date broadcast-enabled TV footage material as well as pictures concerning SAP for direct download. Videos concerning SAP topics from all over the world are to be found at www.sap-tv.com. You are also free to integrate the films from that page into your own publications and websites.


About High-Tech Gründerfonds

High-Tech Gruenderfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gruenderfonds invests EUR 500,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Technology, the KfW Banking Group, as well as thirteen industrial groups of ALTANA, BASF, B. Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss. High-Tech Gruenderfonds has about EUR 565,5 million under management in two funds (EUR 272 million HTGF I, EUR 293,5 million HTGF II).


Press Contact:

High-Tech Gründerfonds Management GmbH
Stefanie Zillikens - Marketing & Communications Manager
Schlegelstraße 2 - 53113 Bonn
Tel: +49 228 823001-07 - Fax: +49 228 823000-50
s.zillikens@htgf.de
www.high-tech-gruenderfonds.de

   
Record changed: 2018-05-30

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