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High-Tech Gründerfonds Management GmbH. (10/19/17). "Press Release: Venture Capital. RWE Generation Invests in HTGF III".

Organisations Organisation High-Tech Gründerfonds III (HTGF III)
  Group High-Tech Gründerfonds (HTGF) (Group)
  Organisation 2 RWE Generation SE
  Group RWE (Group)
Products Product High-Tech Gründerfonds III (HTGF III)
  Product 2 power generation
Index term Index term High-Tech Gründerfonds–RWE: investment, 201710 investment 7-digit € of RWE Generation SE in HTGF III Fund
Persons Person Hanau, Götz (RWE 201710 Head of Strategy + Innovation at RWE Generation SE)
  Person 2 von Frankenberg, Alex (High-Tech Gründer Gründerfonds 201209 Managing Director)

RWE Generation SE has announced a strategic investment in High-Tech Gründerfonds’ third fund, HTGF III, which is launching with a planned volume of over EUR 300 million.

High-Tech Gründerfonds (HTGF) is Germany’s most active seed stage investor. It provides financing for young, innovative technology-driven start-ups and actively supports them in implementing their business ideas.

“Through this investment, we are seeking to gain access to innovative start-ups and monitor technological trends across various industries,” explains Götz Hanau, Head of Strategy & Innovation at RWE Generation. As part of the endeavour, RWE’s focus is on energy and digital applications. Coinciding with the company’s investment, RWE will also provide input in the investor committees for hardware, automation, energy and industrial software, and for IT, software, telecommunications and e-commerce. RWE Generation SE is investing a seven-figure sum in the fund.

“If individual start-ups are a good fit for us, we will explore collaborations as well as investments in individual cases,” Hanau says.

“We are delighted that, in RWE Generation, we have not only secured an investor with a great deal of interest in a broad range of companies in HTGF’s portfolio and deal flow – but also one with a lot of energy-specific expertise and networks. The close collaboration will prove to be highly beneficial, not just for portfolio companies, but for RWE Generation as well,” explains Dr. Alex von Frankenberg, Managing Director of High-Tech Gründerfonds.

About RWE Generation SE

Based in Essen, RWE Generation SE is in charge of RWE Group’s conventional power generation business. The company benefits from the combined expertise of almost 16,000 employees in Germany, Hungary, the UK, the Netherlands and Turkey. Together, they operate power stations with a total installed capacity of more than 40 gigawatts. These coal, nuclear, gas and hydropower plants along with their firm and flexible capacities contribute to maintaining energy security in the pan-European grid, which is seeing a steady rise in input from renewable energy sources.

For more information on RWE Generation SE, see

For enquiries, please contact:
Olaf Winter
RWE Power AG
T +49 (0) 201 12-44773
M +49 (0) 152 09295371

About High-Tech Gründerfonds

High-Tech Gründerfonds (HTGF) is Germany’s most active seed stage investor. With roughly EUR 820 million under management in three funds, HTGF provides financing for young, innovative technology-driven companies and actively supports them in implementing their business ideas. The company is active in a wide range of fields. The focus of its three investment teams is on hardware-related engineering, life science, chemicals and material science, as well as software and the internet. Investors in this public-private partnership include the German Federal Ministry of Economics and Energy, the KfW Banking Group and renowned corporate investors.

High-Tech Gründerfonds Management GmbH
Stefanie Zillikens
Schlegelstraße 2
53113 Bonn
+49 228 823001-00

Record changed: 2017-10-30


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