UVC Partners closes second fund with over 82 million euros

Munich, 12.04.2018. Unternehmertum Venture Capital Partners (UVC Partners) is launching its second fund with more than 82 million euros for technology-based B2B startups. With the fresh capital, UVC Partners will build on the strong performance of the first fund and invest in companies from the German-speaking countries in the areas of industrial technologies, enterprise software and mobility. The management team has received a higher interest to provide capital than could be accepted.

With the second fund, too, a broad and mixed investor base – made up of entrepreneurs, family offices, industrial companies and institutional investors such as the European Investment Fund (EIF) and the Kreditanstalt für Wiederaufbau (KfW) – is relying on the expertise of the team. The team is led by five Partners, with long experience of more than one hundred venture capital investments, exits, and also their own successful tech startups.

“We are very pleased at the trust placed in us by our fund investors. The fact that the fund was in strong demand, and is oversubscribed as a result, can be regarded as a confirmation of our investment strategy so far,” said Dr. Ingo Potthof, Managing Partner of the fund.

From FlixBus to KONUX – powerful partners for strong startups

This investor trust in the second fund is also due to the excellent performance of the first one. The portfolio includes such successful companies as FlixBus, Europe’s leading provider of long-distance bus travel, or KONUX, which offers industrial IoT solutions made up of smart sensors, intelligent data fusion and artificial intelligence; UVC Partners invested in KONUX together with one of the leading US VCs, New Enterprise Associates (NEA). The startup Carjump, whose app bundles together various car-sharing offers, has already had a first successful exit for UVC Partners with the sale to French car manufacturer Groupe PSA.

UVC Partners – Germany’s unique tech fund

What differentiates UVC Partners from other investment companies in Germany is its close connection to UnternehmerTUM, Europe’s leading innovation and business creation centre with an interdisciplinary network made up of innovative ideas, projects and prototypes. The ecosystem of UnternehmerTUM includes over one hundred industrial groups as well as startups, investors, foundation partners, and a talent pool of over 40,000 alumni.

UnternehmerTUM is currently providing valuable stimuli for startups, especially in the areas of artificial intelligence and mobility, through the initiatives “Digital Hub Mobility” and also “AppliedAI”, which is financed by Google. UVC Partners can thus provide its portfolio companies with targeted access to specialist know-how. “No other fund in Germany offers such comprehensive support and broad access to industrial partners,” emphasizes Johannes von Borries, partner of the fund. “Nevertheless, we act as an independent investor, so we have completely freedom in our investment strategy.”

Consistent expansion of investment strategy

With the second fund, the team is consistently expanding its investment strategy, and has already made five investments since the first closing in 2017. Vimcar (connected car solution for fleet owners), shyftplan (workforce management software), Blickfeld (manufacturer of LiDAR sensors for autonomous driving), 3YOURMIND (software and platform for industrial 3D printing), and FAZUA (manufacturer of an electric drive system for e-bikes) are already part of the portfolio.

With the new fund, UVC Partners will begin by typically investing between 0.5 and three million euros in early-phase B2B startups. In further rounds, a total of up to twelve million euros could be made available for successfully growing participations. UVC Partners is thus entering the seed and series A phases as a lead investor.

About Unternehmertum Venture Capital Partners

Unternehmertum Venture Capital Partners (UVC Partners) is an early-stage venture capital firm that invests specifically in technology-based startups from the German-speaking countries. Here, UVC Partners focuses on companies in the fields of industrial technologies, enterprise software and mobility. Between 0.5 and 3 million euros will be invested in each investment round, and a total of up to 12 million euros in successful participations.

Portfolio companies benefit from the extensive investment and exit experience of the management team, and from the close cooperation with UnternehmerTUM, the leading centre for innovation and business creation in Europe. With over 200 employees and more than one hundred industrial partners, UnternehmerTUM has many years of experience in establishing young companies. Through partnerships, UVC Partners can offer startups unique access to talent, customers and partners. The portfolio includes investments such as FlixBus, Carjump, KONUX, Blickfeld, 3YOURMIND and Vimcar.

Website: www.uvcpartners.com

About UnternehmerTUM

Founded in 2002 as an affiliated institute of the Technical University of Munich, UnternehmerTUM is today the largest centre for innovation and business creation in Europe – with more than 200 employees, more than 1,500 participants in lectures, seminars and programs each year, and 50 fast-growing high-tech startups. UnternehmerTUM actively identifies innovative technologies and initiates new business through systematic networking of talents, technologies, capital and customers. Here, UnternehmerTUM focuses on technology-based startups from the information and communication technology, medical technology and CleanTech sectors.

Website: www.unternehmertum.de


Dr. Ingo Potthof
Tel +49 89 18 94 69-2811

UnternehmerTUM Venture Capital Partners GmbH
Lichtenbergstr. 6
85748 Garching / Munich

Unternehmertum Venture Capital Partners appoints Benjamin Erhart as Partner

Munich-based early-stage venture capital firm UVC Partners (www.uvcpartners.com), a leading German investor for industrial technologies and smart enterprises, appoints Benjamin Erhart (35) as a new Partner. Erhart joins the Partners Ingo Potthof, Johannes von Borries, Helmut Schönenberger and Andreas Unseld. UVC Partners continues to expand its team as the firm recently announced the first closing of their second fund with a target volume of € 70-80m.

“We are excited to have Benjamin join UVC Partners to become part of what is already a well-balanced partnership. Benjamin has a broad amount of relevant experience as an investor and an impressive track record in developing and exiting companies in our focus industries,” says Ingo Potthof.

Before joining Unternehmertum Venture Capital Partners in August 2017, Benjamin Erhart was Investment Director at High-Tech Gründerfonds Management GmbH, a leading early-stage investor with over € 820m under management. He led over 50 venture capital transactions.

“We welcome Benjamin to the team and are happy that he decided to join. He brings over eight years of venture capital experience to the table. As Benjamin was part of High-Tech Gründerfonds’ journey from 50 to almost 500 investments, he has broad experience in growing and exiting tech companies with a strong personal track record. Beyond this, his experience in innovating processes within VC firms and his active role in the ecosystem make him a perfect fit for our team,” adds Johannes von Borries.

Benjamin held roles as a member of the board in industrial technology companies like Cumulocity GmbH (sold to Software AG), Synapticon GmbH, Compositence GmbH (sold to Quingdao GON Holdings), Till GmbH (sold to Krones AG) and ZIM Plant Technology GmbH (sold to YARA ASA). Moreover, Benjamin serves as a member of the Investment Board of High Tech Gründerfonds and is an active speaker at startup events. Benjamin holds an Industrial Engineering degree from Karlsruhe Institute of Technology (KIT).

Benjamin Erhart comments, “Supporting tomorrow’s market leaders and helping entrepreneurs to have a significant impact in industrial technologies is what drives me. I aim to be the entrepreneurs’ first call; being a long-term partner is how I see my role. Doing so as part of the unique UnternehmerTUM ecosystem with its capabilities to support startups from idea creation to scale and exit is an exciting opportunity.”

About Unternehmertum Venture Capital Partners
Unternehmertum Venture Capital Partners (UVC Partners) is an early-stage venture capital firm that invests in technology-based startups in Germany, Austria, and Switzerland. UVC Partners focuses on B2B business models in the areas of Industry 4.0, IoT, Manufacturing Technologies, B2B SaaS, Mobility and Smart City. Portfolio companies benefit from the extensive experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With 150 employees and more than 50 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners.