High-tech Grunderfonds

High-Tech Grunderfonds (HTGF ) is one of Germany's most prominent and active seed-stage venture capital firms, headquartered in Bonn, North Rhine-Westphalia, Germany (the row's ''Grunderfonds'' without umlaut is the Anglicised spelling of the German ''Grunderfonds,'' meaning ''Founders' Fund''). HTGF was established in 2005 as a public-private partnership between the German Federal Ministry for Economic Affairs and Climate Action (Bundesministerium fur Wirtschaft und Klimaschutz, BMWK), the state-owned KfW development bank, and a consortium of major German industrial corporations including Altana, BASF, Bayer, Robert Bosch, BGG, Boehringer Ingelheim, Carl Zeiss, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Wacker Chemie, RWE, SAP, Siemens, Vector Informatik, and many others. HTGF invests at seed and pre-seed stages in German and broader European technology start-ups across information technology / SaaS, healthcare and life sciences, digital health, industrial technology, chemistry and advanced materials, clean-tech and energy-transition, and adjacent deep-technology sectors, with a typical initial investment of approximately EUR 800,000 per company and follow-on reserves up to EUR 4 million per portfolio company. HTGF has raised multiple flagship funds (Fund I EUR 272 million in 2005, Fund II EUR 304 million in 2011, Fund III EUR 316 million in 2017, Fund IV EUR 493.8 million in 2022, and Opportunity Fund for follow-on investing) with aggregate AUM of approximately EUR 2 billion+ and more than 800 portfolio-company investments producing 200+ exits to date aEUR" making HTGF one of Europe's most prolific seed-stage investors.