Phoenix Contact Innovation Ventures invests in two Venture Capital funds
Continuing with its investing activities Phoenix Contact Innovation Ventures participates in the first closing of the third fund from High-Tech Gründerfonds. Furthermore, Phoenix Contact confirms its commitment with the East Westphalia region by co-founding and investing in the new Technologiefonds OWL.
- Phoenix Contact Innovation Ventures’ first investments in Venture Capital funds
- Technologiefonds OWL to strengthen innovation and leverage startup potential in the region
Blomberg, Germany – Phoenix Contact Innovation Ventures announces its participation in the first closing of the third High-Tech Gründerfonds fund (HTGF III). This first closing with a volume of EUR 245M includes investments from 26 private companies from the industry and business world and from public entities like the Federal Ministry for Economic Affairs and Energy (BMWi) and the KfW.
The High-Tech Gründerfonds (HTGF) is one of the most active and leading seed stage investor in Germany, providing financial support to technology ventures. Startups benefit from a large network of investors and experts and can get direct access to funds investors. On the other side, corporates involved in the fund obtain access to new technologies and disrupting business models.
As of May 11, 2017, Phoenix Contact Innovation Ventures started and invested in the new regional Venture Capital fund Technologiefonds OWL in cooperation with NRW.BANK, Sparkasse Paderborn-Detmold and EnjoyVenture Management GmbH.
After a first closing the fund has a volume of approx. EUR 13M and aims to invest up to EUR 1.5M per startup. The fund has a regional focus on East Westphalia (Ostwestfalen) and invests in technology-oriented startups from the IT, Software and Industry 4.0 sector.
Technologiefonds OWL is managed by EnjoyVenture Management GmbH, a specialized fund manager with strong track record in high-tech investments, especially in regional areas.
With these investments Phoenix Contact wants to strengthen its support and regional commitment in order to empower startups “Made in Germany”.
For more information please contact:
PHOENIX CONTACT Innovation Ventures
32825 Blomberg, Germany
Tel.: +49 5235 341423
Fax: +49 5235 343888
About PHOENIX CONTACT Innovation Ventures GmbH
PHOENIX CONTACT Innovation Ventures is the global corporate venture capital company of the PHOENIX CONTACT Group, a global manufacturer and supplier of components and systems for electrical connection and industrial automation technology. The venture capital company invests in startups with business models that are related to electrical connection technology, industrial digitization, automation and control technology, and associated markets.