Aquisition of AMW by Chinese pharmaceuticals group Hybio and private equity firm Yunfeng Capital

Change of ownership at AMW: pharma specialist for drug delivery systems enters new growth stage

Warngau, 04 July 2018. The owners of AMW GmbH are entering into an agreement to sell their shares in the specialty pharma company located in Warngau along with its subsidiary Endomedica GmbH located in Halle (Saale) to a consortium led by Hybio Pharmaceutical and YF capital. The new owners intend to support the further growth of AMW, invest in the development of new products, and advance the company’s internationalization efforts. The sellers include AMW founders, healthcare investor SHS Gesellschaft für Beteiligungsmanagement, funds managed by Bayern Kapital, KfW, IBG Risikokapitalfonds II, BayBG Bayerische Beteiligungsgesellschaft and UVC Partners.

Located in Warngau, Bavaria, AMW was established in 2008 with a focus on the development, production and sale of advanced pharmaceutical formulations such as transdermal drug delivery systems and subcutaneous biodegradable sustained-release implants. Transdermal and parenteral drug delivery systems offer better treatment options in a rapidly growing field of indications in oncology, neurology, dermatology, diabetes and pain treatment. Sold products include Goserelin and Leuprorelin implants as well as Buprenorphine and Rivastigmin patches. AMW has a strong pipeline of newly developed products addressing potential billion-dollar markets.

Hybio is a leading biopharmaceutical company that focuses on research, development, manufacturing and commercialization of peptides and peptide-based drugs. YF Capital is a private equity firm started by a group of successful entrepreneurs and influential industry leaders. With the 100% acquisition of AMW, the new owners are following an international expansion strategy—adding products and a R&D pipeline to the portfolio. Synergies include the use of a global sales force, especially in the key markets of the USA and China, as well as the start of new development projects to address unmet needs. The transaction is still pending formal approval of the regulatory authorities.

“Both Hybio and YF Capital intend to maintain and accelerate the growth of the company’s current structure including the transdermal and parenteral products, business sites in Warngau and Halle (Saale), as well as the skilled employees and management team” says Dr. Albert Huang, Vice President from YF Capital, “with the capacity of a financially strong strategic partners, we do believe that AMW can proceed to the next level in the pharma business, also we strongly believe the collaboration between AMW and Hybio will be highly beneficial for both parties, addressing global market growth opportunities.”

Dr. Wilfried Fischer, managing director of AMW, adds “the commitment of the new owner to the existing product pipeline as well as the willingness to make use of the technology to start new development projects perfectly matches AMW’s long-term strategy.”

Dr. Bernhard Schirmers, founder and managing partner of SHS, comments “together with our co-investors we have backed the company for a long time and are very proud of AMW’s development. This acquisition by a strategic investor underscores the company’s excellent positioning. With the new owner, AMW can enter into the next growth stage.”

About AMW GmbH

AMW GmbH is an innovative and fast-growing specialty pharmaceuticals company headquartered in Warngau near Munich, Germany. AMW develops, produces and sells drug delivery systems with a focus on biodegradable implants and transdermal treatment systems. The company was founded in 2008 and develops solutions for use in oncology, neurology, dermatology and pain management applications.

About Hybio Pharmaceutical:

Incorporated in China, it’s a leading bio-pharmaceutical company that focuses on the research, development, production and commercialization of therapeutic peptides and peptide-based drugs. Hybio has been listed on the Shenzhen Stock Exchange since 2011. Hybio’s main products are focused on the therapeutic areas of digestive diseases, cardio-cerebrovascular diseases, diabetes, infectious diseases, and reproductive system diseases. Hybio has 13 GMP certificates from the CFDA and has invested over $100 million to establish a new finished dosage facility based in Pingshan of Shenzhen City, which includes a production line of solution injection, lyophilization powder and cartridge. Furthermore, Hybio has also built two Active Pharmaceutical Ingredient (API) lines that have passed both the US FDA and EU inspections. A new API production base of larger scale, oral sustained release tablet / capsule and biosimilar product manufacturing line are being established in Wuhan of Hubei Province. Hybio has been active in the global pharmaceutical market for over 10 years. Hybio has filed its first ANDA (Eptifibatide for Injection) on June 19, 2014 and is in the process of developing other complex generic ANDAs.Hybio has also been the peptide API supplier for many top pharmaceutical clients globally. Hybio has launched two generic peptide APIs in 8 European countries, and plans to have additional ANDAs filed and approved in the U.S. in the next few years.

About YF Capital

YF Capital established in early 2010 and named after its co-founder Mr. Jack MA (Yun), executive chairman of Alibaba Group (BABA.N), and Mr. David YU (Feng), founder of Target Media. YF Capital’s focus sectors include internet, technology, healthcare, media & entertainment, financial services, logistic and consumer. YF Capital is a private equity firm started by a group of successful entrepreneurs and influential industry leaders. The mission and vision is not only to provide capital, but also to share with the portfolio companies the experience and lessons learned, helping them to better formulate corporate strategy, optimize organizational structure and establish brand recognition.

About SHS Gesellschaft für Beteiligungsmanagement mbH

SHS Gesellschaft für Beteiligungsmanagement is based in Tübingen, Germany and invests in medical technology and life science companies with a focus on expansion financing, changes in shareholder structures and successor situations. SHS holds minority as well as majority interests. The company was founded in 1993 and has since gained extensive experience as an industry investor, which supports the growth of its portfolio companies through a network of partnerships regarding the introduction of new products, regulatory issues or entering new markets. The SHS fund’s German and international investors include the European Investment Fund, professional pension insurers, retirement funds, funds of funds, family offices, entrepreneurs and the SHS management team. The AIFM-registered company is currently investing from its fourth generation of funds, for which investors have provided 125 million euro. Equity capital of up to 20 million euro is invested. Transactions can be carried out in the mid double-digit million range together with a network of co-investors. Reinhilde Spatscheck, Dr. Bernhard Schirmers, Hubertus Leonhardt and Uwe Steinbacher are the Managing Partners at SHS.

About Bayern Kapital

Bayern Kapital GmbH, based in Landshut, was founded on the initiative of the Bavarian government in 1995. It is a wholly-owned subsidiary of the Bavarian LfA Förderbank. As the venture capital organization of the Land of Bavaria, Bayern Kapital provides equity capital financing for the founders of young innovative technology companies in Bavaria.

Presently Bayern Kapital manages eleven investment funds with a total volume of around €340 million. So far, it has invested almost €260 million in more than 250 innovative companies in the fields of technology in various sectors including life science, software & IT, medical technology, materials and new materials, nanotechnology and environmental technology.

This has helped create over 5,000 long-term jobs in sustainable companies in Bavaria.

About KfW

KfW is one of the world’s leading promotional banks. With its decades of experience, KfW is committed to improving economic, social and ecological living conditions across the globe on behalf of the Federal Republic of Germany and the federal states. To do this, it provided funds totaling €76.5 billion in 2017 alone; and of this, 43% went into measures for protecting the environment and combating climate change.

KfW does not have any branches and does not hold customer deposits. It refinances its promotional business almost entirely through the international capital markets. In 2017 KfW raised some €78 billion for this purpose. In Germany, the KfW Group is represented in Frankfurt, Berlin, Bonn and Cologne. Its network includes 80 offices and representations around the world.

About the IBG funds

The IBG funds, based in Magdeburg, are the risk capital funds of the German state of Saxony Anhalt. The IBG funds provide investment capital up to €5 million for innovative technology SMEs with long-term and above-average growth potential that are headquartered in or have a branch office in Saxony-Anhalt. The IBG funds are managed by bmp Ventures AG, Berlin and Magdeburg.

About BayBG

Through its investments, BayBG is currently strengthening the capital base of 500 Start-ups and medium-sized businesses. The BayBG is thus the one of the market leaders among medium-sized enterprise-oriented investment companies. Through its commitment, the BayBG enables the companies and start-ups to realize expansion and innovation plans, make corporate succession plans as well as optimize their capital structures.

About Unternehmertum Venture Capital Partners

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-based early-stage venture capital firm that invests in technology-based startups in Germany, Austria, and Switzerland. UVC Partners focuses on investments in the areas of industrial technologies, smart enterprises and mobility. The fund typically invests between €0.5-3 million initially and up to €12 million in total per company.

Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 180 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers and other financial partners.

fos4X closes €8.2M Series B growth financing

Internationalization, scaling and expansion of digital business

Munich, June 15, 2018 – fos4X has concluded a growth financing (Series B) of 8.2 mn Euro (USD 10 mn). Equinor, formerly Statoil, strengthens the group of shareholders

Sensor platform and digital business

Fiber optic sensor technology is the company’s nucleus from which the successful product business with its sensor platform fos4Blade was developed. fos4Blade is a modular measuring system to acquire different physical quantities of wind turbine rotor blades.

With the help of sensor data fusion, classical model-based methods and methods of machine learning, the software applications of fos4X calculate input variables for the control and operation optimization of wind turbines. These edge-computing solutions process the incoming raw data of the fos4X sensors and other system sensors on the turbine under safety-relevant conditions and feed it into the turbine control.

Starting position is profitable growth

fos4X supports all of the top 10 wind turbine manufacturers and has established fast growing series deliveries with some of them. So far, fos4X has applied for more than 100 patents around technology, sensors and applications. This makes fos4X an important driver of the digitalization of the wind energy industry.

However, the solutions are also used successfully in other industries: for instance, fiber-optic sensors are used for temperature measurement in e-mobility. Thales, Volkswagen, Daimler, Siemens, GE, Envision, Goldwind, SMS Siemag and many other international leaders in their industries are successfully using fos4X products.

With positive operating results and strong growth in the product business, the basis for further international growth and the expansion of the digital business was laid in recent years.

Equinor invests in sensor technology and digital competence

In addition to all previous investors (BayernKapital, Falk Strascheg Holding, High-Tech Gründerfonds, Unternehmertum Venture Capital Partners and Business Angels), Series B growth financing was supported by the new main investor Equinor. Equinor is a Norway based energy company with operations in more than 30 countries. As part of Equinor’s strategy to actively complement its oil and gas portfolio with profitable renewable energy sources, the company has developed a sizeable offshore wind portfolio.

Unternehmertum Venture Capital Partners invests in Innoactive

Innoactive secures €4.4 million for the expansion of its VR/AR enterprise software platform

  • VR/AR software platform from Innoactive simplifies content creation and implementation of collaborative planning, simulation and training applications
  • UVC Partners and Capnamic Ventures invest €4.4m in Series A financing round
  • With this investment, Innoactive plans to expand its technology and product development and to enlarge its development team

Munich – 4 June 2018. Innoactive, a leading provider of VR/AR software, is receiving an investment of €4.4 million. The lead investor is Unternehmertum Venture Capital Partners (UVC Partners), alongside Capnamic Ventures, two strong partners who will support Innoactive in expanding its technology and product development.

Since 2015 Innoactive has been providing virtual reality (VR) and augmented reality (AR) solutions to customers in the automotive, aerospace, pharmaceutical and retail industries, among others. The software platform Innoactive Hub simplifies the creation and use of professional VR/AR applications. With the Innoactive SDK (Software Development Kit) for Unity, applications for planning, simulation and training can be created quickly, easily and with consistently high quality. The Innoactive Hub platform enables central content management and, with its intuitive user interface, provides a central entry point for all employees to meet virtually together and improve their workplace, regardless of where they are located.

“Particularly in the areas of production and logistics, the great savings potential offered by virtual reality leads to enormous demand for VR training content. With our Innoactive Hub platform we offer an exciting solution with low entry barriers to create training content faster, use it more efficiently and roll it out company wide,” explains Daniel Seidl, founder and CEO of Innoactive.

Innoactive has helped its customers such as Volkswagen, MediaMarktSaturn, Carl Zeiss, Deutsche Bahn, Audi and Continental to reach their digital transformation milestones by using Innoactive’s VR/AR software. After the Volkswagen Group announced in 2017 that it would use Innoactive’s platform for the global implementation of collaborative VR training solutions, this year it plans to use the Innoactive Hub as the basis for training 10,000 employees in production and logistics (video).

To further strengthen the company’s strong market position, the investment will be used for technology and product development as well as for expanding international sales and enlarging the development team. On the product side, the Innoactive SDK will be equipped with additional functions that enable customers and partners to create VR training applications quickly and easily.

Christian Knott, Partner at Capnamic Ventures and Johannes von Borries, Managing Partner at UVC Partners agree that Innoactive offers a leading VR product with an enterprise-ready model. The application area of training solves a very specific problem for customers today and allows Innoactive to position itself strategically as the platform creator for virtual reality solutions. Both partners look forward to helping Innoactive continue to establish the technology in the market and cater to the specific applications of its customers.


About Innoactive
Munich-based company Innoactive develops virtual and augmented reality enterprise software. The owner-managed company serves clients in the automotive, aerospace, pharmaceutical and retail industries.The software platform Innoactive Hub simplifies the creation and use of collaborative VR/AR planning, simulation and training applications. The software platform enables central content management and, with its intuitive user interface, provides a central entry point for all employees to meet virtually together and improve their workstations, regardless of where they are located.

About Unternehmertum Venture Capital Partners
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-based early-stage venture capital firm that invests in technology-based startups in Germany, Austria, and Switzerland. UVC Partners focuses on investments in the areas of industrial technologies, smart enterprises and mobility. The fund typically invests between €0.5-3m initially and up to €12m in total per company.

Portfolio companies benefit from the extensive investment- and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 180 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners.

About Capnamic Ventures
Capnamic Ventures is one of Europe’s leading early-stage Venture Capital firms, with offices in Berlin and Cologne. The VC invests most of its funds in tech startups in the German-speaking region. Capnamic also joins forces with international co-investors. All portfolio companies are supported through Capnamic’s global network of investors and industry partners. The vast expertise of the Capnamic team includes more than 70 investments, a high turnover of successful trade sales and IPOs, as well as a strong entrepreneurial track record within the investment team. The general partners are Christian Siegele, Jörg Binnenbrücker and Olaf Jacobi.

Unternehmertum Venture Capital Partners invests in FAZUA

German e-bike drive system manufacturer FAZUA receives $ 8 million in new financing round

The Munich-based e-bike drive system manufacturer closes an $ 8 million financing round in order to support business growth and to meet the strongly increasing demand.

Lead investor Unternehmertum Venture Capital Partners is joined by existing investors High-Tech Gründerfonds, Bayern Kapital and several business angels in this financing round.

Munich – March 1st, 2018.  FAZUA GmbH, a Munich-based company founded in 2013 and provider of the innovative evationdrive system for e-bikes receives $ 8 million in a new financing round. Unternehmertum Venture Capital Partners (UVC Partners) leads the round with participation from existing investors High-Tech Gründerfonds, Bayern Kapital – with its Wachstumsfonds Bayern – and several business angels.

FAZUA will use the funding both to drive business growth forward and to meet the strongly increasing demand for the notably light e-bike drive system. Additionally, by further investing in product development, FAZUA will strengthen its technology leadership position. Due to the high demand and its growth, the company will move into a new office with larger production capacities in spring of this year. Furthermore, FAZUA will expand its team and is currently looking for candidates for quality control, production management and electronic development positions, among others.

Benjamin Erhart, Partner at Unternehmertum Venture Capital Partners, explains: “FAZUA has attained a very strong and promising market position. Within the fast-growing e-bike market, its drive system is the leader in light and very light products. An increasing number of renowned bike manufacturers are choosing the evationsystem. We are convinced that FAZUA will deliver significant added value in the coming years. We are excited to join the strong consortium of existing investors and to support the further development of the company.“

Bayern Kapital’s Managing Director, Georg Ried says: “As one of the early investors, we are particularly pleased that FAZUA has developed so positively from its initial stages. With a further investment, this time from Wachstumsfonds Bayern, we can make an important contribution to business growth.“

Yann Fiebig, Investment Manager at High-Tech Gründerfonds, is also impressed by the development of the young company: “Right from the beginning, we were convinced of the profitability and competitiveness of the product. The HTGF is proud to remain a part of this great success story.“

FAZUA’s integratable drive system allows bike manufacturers to redefine their expectations regarding the design, weight and flexibility of e-bikes: the battery and motor become almost invisible in the down tube. As a result of the system’s minimal resistance, the bike boasts a natural riding feel, especially when striving for high-performance riding. Another positive aspect has been the superb feedback in the racing bike and performance segment. The evationdrive system received a great deal of recognition so far: FAZUA won awards in three categories at the DESIGN & INNOVATION AWARD 2018 (Newcomer, MTB Components and Road).

“We are very pleased with this round of financing, which will further support FAZUA’s extremely strong market position“, says Hannes Biechele, CEO and founder of the Munich-based company, “The experience, added value and know-how of the shareholders are essential pillars for us, without which FAZUA could not operate so successfully.“


Company information FAZUA:
FAZUA, a Munich-based company founded in 2013, set itself the goal of revolutionizing the e-bike market. With the evationdrive system, the team around CEO Johannes Biechele offers a product that is specifically designed for the demands of high-performance riding and offers the natural ride feeling of a non-motorized bicycle. Notable FAZUA customers, who are selling bikes with the evationdrive system include CUBE, Focus, Bianchi, Fantic and Pinarello.

Company information Unternehmertum Venture Capital Partners:
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-based 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, Software & SaaS, Mobility and Smart City. The fund typically invests between 0.5 – 3 million Euro initially and up to 12 million Euro in total in successful startups. Portfolio companies benefit from the long-time investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 180 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. Even though being fully independent, it enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as FlixBus, Carjump, KONUX, Blickfeld, 3YOURMIND and Vimcar.

Company information High-Tech Gründerfonds:
High-Tech Gründerfonds (HTGF) is a seed investor that finances high-potential, tech-driven start-ups. With EUR 886 million in total investment volume across three funds (EUR 272 million in HTGF I, EUR 304 million in HTGF II, and a targeted volume of EUR 310 million for HTGF III) and an international network of partners, HTGF has already helped forge close to 500 start-ups since 2005.  Driven by their expertise, entrepreneurial spirit and passion, its team of experienced investment managers and start-up experts help guide the development of young companies.  HTGF’s focus is on high-tech start-ups in a range of sectors, including software, media, internet, hardware, automation, healthcare, chemicals and life sciences. To date, external investors have injected over EUR 1.5 billion into the HTGF portfolio via more than 1,200 follow-on financing rounds. HTGF has also successfully sold interests in almost 90 companies. Investors in this public-private partnership include the Federal Ministry For Economic Affairs and Energy, the KfW Banking Group, and Fraunhofer-Gesellschaft e.V., as well as the companies ALTANA, BASF, B.Braun, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik and WACKER.

Company information Bayern Kapital:
Bayern Kapital GmbH based in Landshut was founded on the initiative of the Bavarian government in 1995 wholly as a subsidiary of LfA Förderbank Bayern. Bayern Kapital, as venture capital company of the Free State of Bavaria, offers equity capital to founders of innovative high-tech companies and young innovative technology companies in Bavaria. Bayern Kapital currently manages eleven equity funds with an equity volume of around €340m. Bayern Kapital has so far invested around €260m of equity capital in more than 250 innovative technology-oriented companies from different fields including life sciences, software & IT, new materials, nanotechnology and environmental technology. As a result, over 5,000 long-term job opportunities have been created in future-oriented companies in Bavaria.

Unternehmertum Venture Capital Partners invests in 3YOURMIND

3YOURMIND Raises $12M to Take Industrial 3D Printing to the Next Level

The Berlin-based provider of solutions for additive manufacturing closes a $12 million financing round to build on strong US market entry by opening an office in New York City.

The Series A financing round was led by Unternehmertum Venture Capital Partners with participation from TRUMPF Venture, coparion and AM Ventures.

San Francisco, CA and Berlin, Germany – November 2, 2017. 3YOURMIND, a leading provider of software solutions for additive manufacturing (industrial 3D printing), announces the closing of a $12M Series A round today. The company also announces the opening of its East Coast office, based in New York City, NY.

The funds raised will be used to further expand into the US market, following the company’s successful market entry which resulted in the addition of major aerospace and engineering customers, including GKN, to its client roster. The money will also be earmarked to drive initial entry into the Asian market as well as the development of further, innovative software tools for industrial 3D printing. The market is forecasted to grow rapidly, with analysts at ARK Invest predicting it will reach $41B by 2020.

“The strong demand we are seeing from large, established businesses for our industrial 3D printing solutions confirms this is the future of high-tech manufacturing in the U.S. and globally,” says Aleksander Ciszek, 3YOURMIND’s CEO. “We are committed to shaping the production processes of digitized factories, and are delighted to have four outstanding strategic partners investing in our vision, including EOS and TRUMPF which are global leaders in the industrial 3D printing market.”

“3YOURMIND provides a missing link in the growth and development of industrial 3D printing,” says Markus Josten, Global Sales Director Disruptive Technologies & Markets at GKN. “The platform enables customers to dramatically decrease the cost and complexity of using 3D printing, and thus makes it much more accessible.”

Industrial 3D Printing Software
3YOURMIND has developed intelligent software solutions for industrial 3D printing that enable capabilities such as real-time printability analysis and the automatic optimization of 3D models. Its tailored solutions include: For enterprises, the company delivers a platform that identifies which parts are the best candidates for industrial 3D printing, and then streamlines the workflow process, enabling efficient production capacity planning across internal and external suppliers. For 3D printing service providers, the company offers a technology that enables secure and error-free access to their industrial 3D printers around the clock.

3YOURMIND’s customers include Siemens, Continental and other global technology leaders from the automotive, aerospace and engineering sectors as well as medium-sized companies and 3D printing service providers. In 2016, the company was awarded the “German Innovation Prize” and entered the elite StartX Accelerator network in Silicon Valley in 2017.

Investors
3YOURMIND’s Series A funding brings together a strong combination of well established financial investors and strategic industry partners. The round is led by Unternehmertum Venture Capital Partners (UVC Partners), an experienced investor in B2B SaaS and industrial technologies, and is joined by fellow VC coparion.

Strategic industry investors are TRUMPF Venture, the investment arm of one of the world’s leading machine tool builders and specialist for 3D printing systems and AM Ventures (AMV), sister company of EOS, the world’s leading technology provider for industrial 3D printing of metals and polymers.

Investor Support
“3YOURMIND solves an important problem in the area-wide application of 3D printing,” says Johannes von Borries, Managing Partner of lead investor UVC Partners. “3D printing has become established as a manufacturing alternative, but now it’s essential to integrate this technology efficiently into the workflow between the designer and the manufacturing process. 3YOURMIND makes that connection work.”

“TRUMPF is a leading provider of 3D printers and was one of the first companies to leverage this technology. We are not only developing our own products but are also investing in and supporting promising start-ups with our venture capital activities. The investment in 3YOURMIND underscores our conviction that digital networking is essential to the development of the industry,” says Franz Lehmann, Investment Manager of TRUMPF Venture, which is investing in early-phase high-tech start-ups.

“3YOURMIND has developed very positively since we were a lead investor in their first financing round in 2015. Very quickly, they have grown into one of the leading providers of intelligent software solutions for 3D printing. Being part of the Series A financing to support the expansion into the U.S. and Asia was an easy decision,” says Johann Oberhofer, Executive Vice President of AMV.


Company information 3YOURMIND:
3YOURMIND offers platforms to streamline industrial 3D printing for innovative companies and leading 3D services. The digital 3D workflows connect teams and production locations, optimize resource utilization and enables smart AM production decisions. The platforms provide strategic pathways to next-generation manufacturing. 3YOURMIND has experienced significant growth since its founding in 2013. The company began as a spin-off from the Technical University of Berlin. Four years later, it has over 40 employees at its headquarters in Berlin, a location in Wrocław (Poland) for CAD engineering and 3D production as well as offices in San Francisco and New York City to connect to US customers. The company’s innovative software solution has been recognized with two prestigious awards, the German Innovation Award and the formnext Startup Challenge. 3YOURMIND continues to grow as their software attracts businesses worldwide who want to speed up their adoption of industrial 3D printing.

Company information Unternehmertum Venture Capital Partners:
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-based 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, Software & 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 over 150 employees and more than 50 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. Even though being fully independent, it enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as Blickfeld, Carjump, FlixBus, KONUX and Vimcar.

Company information TRUMPF and TRUMPF Venture:
The high-technology company TRUMPF offers production solutions in the machine tool and laser sectors. It is driving digital connectivity in the manufacturing industry through consulting, platform and software offers. TRUMPF is the world technological and market leader for machine tools used for flexible sheet metal processing, and also for industrial lasers. In 2016/17, the TRUMPF Group – which has about 12,000 employees – achieved sales of 3.1 billion euros (preliminary figures). With over 70 subsidiaries, it is represented in nearly all the countries of Europe, North and South America, and Asia. It has production facilities in Germany, France, Great Britain, Italy, Austria, Switzerland, Poland, the Czech Republic, the USA, Mexico, China and Japan.
TRUMPF Venture GmbH extends the company’s comprehensive activities to promote innovation and to detect disruptive technologies at an early stage. It sees itself both as a venture capital investor and as a strategic partner for technology-oriented startups that will play a significant role in shaping the industry of the future. With a total volume of 40 million euros, TRUMPF Venture GmbH invests in innovative start-ups with a focus on seed and (pre-) Series A funding. The requirements for an investment are that the business model should be technology-based and scalable and there should be an experienced management team.

Company information coparion:
coparion provides venture capital to accelerate momentum and growth. With a current active fund of €225 million, coparion has the means to do so. coparion supports entrepreneurial vision with know-how, but without intervening in daily business operations. Thanks to in-depth experience in venture capital and in building companies, the coparion team discerns potentials and opens up new perspectives. coparion has the substance, tenacity and creativity required to mutually manage difficult situations successfully. coparion only invests with co-investors. The fund invests up to €10M per company, usually in several financing rounds of €0.5-3M each. Investment focus is on German companies in the start-up and early growth phase. coparion is based in Cologne and Berlin.

Company information AM Ventures:
AM Ventures Holding GmbH (AMV) is an independent, strategic investor focusing on Advanced Manufacturing in general and industrial 3D Printing in particular. The company was founded by Dr. Hans J. Langer, CEO of the EOS Group, in 2015. With the aim of making industrial 3D Printing a key manufacturing technology of the future, AMV funds and develops innovative start-ups which focus on industrial-3D-Printing-related hardware, software, materials or applications. AMV also establishes and operates production sites based on Additive Manufacturing for specific and mass-produced applications. Moreover, the company provides Start-ups with unique access to the technologies, expert know-how and the business network of the Langer group – such as EOS, the global technology leader in industrial 3D printing of metals and polymers and ScanLab, the technology leader for high-precision scanning systems.

Unternehmertum Venture Capital Partners invests in Blickfeld

LiDAR startup Blickfeld receives significant investment

The Munich-based automotive startup closes a $4.25 million financing round in order to speed up the development of its low-cost, high-performance solid-state LiDAR system.

Unternehmertum Venture Capital Partners, High-Tech Gründerfonds, Fluxunit – OSRAM Ventures and Tengelmann Ventures are providing a seven-digit seed investment for the LiDAR innovator.

Munich – October 23, 2017. Blickfeld has developed and demonstrated a unique light detection and ranging (LiDAR) technology that is solely based on commercial off-the-shelf and silicon components. It can be manufactured in low-cost mass fabrication and meets high automotive performance requirements. Now, the startup, founded in 2016 by Dr. Mathias Müller, Dr. Florian Petit, and Rolf Wojtech at the Technical University of Munich, is announcing a $4.27 million seed financing round today led by Unternehmertum Venture Capital Partners, High-Tech Gründerfonds, Fluxunit – OSRAM Ventures, andTengelmann Ventures.

Autonomous systems, such as self-driving cars, robots, and drones, need to ‘see’ and ‘understand’ the world around them to safely navigate and operate. Blickfeld develops LiDAR systems by using a proprietary technology that creates high-definition, three-dimensional geometric maps. In the automotive industry, LiDAR is considered one of the decisive technologies towards autonomous driving.

The startup’s focus is on bringing high-performance automotive LiDAR systems to the mass market. By using commercial off-the-shelf and silicon components, Blickfeld has developed and demonstrated a unique technology that can be produced in low-cost mass fabrication and meets the technical performance specifications required by car OEMs. This is achieved by employing a patent-pending scanner technology which merges the best of both silicon microfabrication and already established LiDAR concepts. This advanced approach closes the gap between today’s high-cost systems and the automotive mass-market needs, and thus enables safe and affordable autonomous transportation.

Blickfeld is backed by a strong consortium: Lead investor Unternehmertum Venture Capital Partners continues to position itself as a leading venture capital investor in the field of mobility after having already made investments in companies such as Europe’s leading bus company Flixbus, car-sharing solution aggregator Carjump (sold to Peugeot Renault/Groupe PSA) and connected-mobility provider Vimcar. Moreover, UVC Partners has a close connection to the recently launched Munich-based Digital Hub Mobility, a cooperation between the German government and industry players such as Audi, BMW, Daimler, IBM, Infineon and Facebook that is managed by UnternehmerTUM, Germany’s leading innovation and startup center.
High-Tech Gründerfonds (HTGF) is Europe’s most active seed-stage investor with over 450 investments. HTGF provides funding for technology-driven startups and helps them to successfully enter the market. Startups benefit from HTGF’s investment experience and expertise as well as from the access the extensive network of corporations, other investors, industry experts and managers.
Fluxunit is the corporate venture capital arm of OSRAM, an internationally leading lighting company. On the technology side, it brings deep technical expertise on the component-level (e.g for lasers or for state-of-the-art optical sensors) to the table. On the market side, Blickfeld will benefit from the access to in-depth market knowledge and to top-tier automotive customers. Furthermore, Fluxunit is able to offer strong know-how in the areas of industrialization, electronics development, quality management and intellectual property.
Tengelmann Ventures (TEV) is one of Germany’s largest venture capital funds and has invested in over 50 companies over the past five years, many of which have become global players and market leaders in their particular segment. TEV has made a couple of investments in the automotive space and is among others an investor in Uber.
Together, the investor consortium is able to support the team with connections to industry partners such as automotive OEMs and suppliers as well as with technical expertise on the component level and in the industrialization of the technology. Moreover, it is able to provide substantial follow-on investment in later rounds. “We are convinced that Blickfeld and its innovative ray-guidance technique can be an important enabler for bringing LiDAR to the vehicle mass market,” notes Dr. Ulrich Eisele, Managing Director of Fluxunit – OSRAM Ventures. “Blickfeld’s innovative technological approach, as well as the experienced founding team, provide a unique opportunity to shape the LiDAR market and – together with the strong investor consortium – to establish a key technology provider for autonomous driving,” adds Andreas Unseld, Partner at Unternehmertum Venture Capital Partners.

“We are thrilled to have concluded our seed financing round with such experienced partners. We are very much looking forward to the joint journey. The funds will be used to speed up our development and to enter first trials with automotive OEMs. We are planning to provide first systems to our OEM partners in early 2018. Our team will be expanded: We are especially looking for engineering and business talents to join our Munich-based team,” Mathias Müller, co-founder and CEO of Blickfeld, explains.


Company information Blickfeld:
Blickfeld GmbH was founded in 2016 in Munich and pursues a novel approach to building LiDAR systems for the environmental perception of autonomous machines such as autonomous vehicles. By using commercial off-the-shelf and silicon components, Blickfeld has developed and demonstrated a unique technology that can be produced in low-cost mass fabrication and meets the technical performance specifications required by car OEMs. A high resolution and sampling rate are achieved by employing a patent-pending scanner technology which merges the best of both silicon microfabrication and already established LiDAR concepts. This advanced approach closes the gap between today’s high-cost systems and the automotive mass-market needs, and thus enables safe and affordable autonomous transportation.

Company information Unternehmertum Venture Capital Partners:
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-based 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, Software & 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 over 150 employees and more than 50 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. Even though being fully independent, it enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners.

Company information High-Tech Gründerfonds:
High-Tech Gründerfonds (HTGF) is Europe’s most active seed-stage investor. With about €820 million under management, HTGF provides financing for technology-driven companies active in a wide range of fields, including robotics, IoT and energy, Medtech and Biotech, chemicals and software. The seed financing is designed to enable startups to take their ideas through prototyping and to market launch. HTGF can invest up to  €3 million in total per company in follow-on financing rounds. Furthermore, startups benefit from HTGF’s team experience and expertise as well as the extensive network of investors, experts, managers and scouts.

Company information Fluxunit – OSRAM Ventures:
OSRAM, based in Munich, is a globally leading lighting manufacturer with a history dating back about 100 years. The product portfolio includes high-tech applications based on semiconductor technology such as infrared or laser lighting. The products are used in highly diverse applications ranging from virtual reality, autonomous driving or mobile phones to smart and connected lighting solutions in buildings and cities. In automotive lighting, the company is the global market and technology leader. Based on continuing operations (excluding Ledvance), OSRAM had around 24,600 employees worldwide at the end of fiscal 2016 (September 30) and generated revenue of almost €3.8 billion in that fiscal year. The company is listed on the stock exchanges in Frankfurt and Munich (ISIN: DE000LED4000; WKN: LED 400; trading symbol: OSR).
Fluxunit is the corporate venture capital arm of OSRAM. Target of Fluxunit is to make innovative business models available for OSRAM. That is why Fluxunit forms strategic partnerships including minority stakeholdings with innovative startups.

Company information Tengelmann Ventures:
Tengelmann Ventures (TEV) is one of Germany’s leading venture capital investors and has invested in over 50 companies over the past five years, many of which have become global players and market leaders in their particular segment. TEV focuses mainly on early- and later-stage investment in technology startups, internet marketplaces, and consumer internet companies. The team funds companies worldwide in the role as lead-, co-lead or co-investor. In close cooperation with its global network of venture capitalists, professionals and consultants, Tengelmann Ventures always strives to identify promising startups and to support the development of its portfolio companies.

Unternehmertum Venture Capital Partners invests in shyftplan

E.I. – Employee Intelligence:
shyftplan raises € 3 million

The Berlin-based startup shyftplan redefines the way companies communicate with and manage their employees and announces SAP partnership.

Unternehmertum Venture Capital Partners, Senovo and coparion are investing with a participation from existing investor KIZOO Technology Capital as part of a series A financing round in the workforce management software provider.

Berlin – October 5th, 2017. “Communication and self-determination of employees are two big topics for companies that shyftplan tackles.”, says co-founder John Nitschke. “Instead of betting on AI, we’re betting on EI – employee intelligence – to make employee management more efficient and employees happier. We take on that last-mile-communication to the employee that hasn’t been digitized in companies so far.”
shyftplan already simplifies employee management and communication for customers in over 16 countries with 100,000 users and over 55 million hours planned. From Hamburg’s ice cream manufactory “Luicella’s Ice Cream”, who just came to fame in German TV show “Die Höhle der Löwen”, to internationally operating corporations, shyftplan covers the whole spectrum. “In the digitization of companies, we see a big need especially in the mobile employee digitization, that’s why we also work together with strategic partners to deliver the best possible product to our customers. Especially in the industry 4.0 and in corporations, SAP plays an important role as a partner. shyftplan is official SAP partner since the beginning of the year and cooperates on the technical as well as on the sales side with the SAP AG”, explains co-founder Jan-Martin Josten.
For their series A, the startup got Unternehmertum Venture Capital Partners (UVC Partners) as their lead investor as well as Senovo and coparion to join the investment round. Kizoo Technology Capital, who participated in the previous financing round, completed the round. In total, the founders Jan-Martin Josten and John Nitschke raised € 3 million. Besides the new funding, both founders are happy to have new, strong partners on board as for example UVC Partners’ strong contacts to big German industrial enterprises and Senovo’s expertise in the B2B SaaS space will bring an additional benefit. Alongside the extension of the team, the new capital will be used to further develop the product as well as to pursue marketing and internationalization efforts.
“Our current core product is scheduling,” says co-founder Jan-Martin Josten, “but with our features for absence management, time tracking, working time accounts, HR management and payroll, shyftplan already brings together all the important parts of employee management and communication – and that’s just the beginning.”


Company information Unternehmertum Venture Capital Partners:
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-based 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, Software & 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 over 150 employees and more than 50 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. Even though being fully independent, it enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners.

Company information Senovo:
Senovo is a Munich-based early-stage fund with a focus on B2B SaaS investments. The Senovo team believes that SaaS should be the dominant model for delivering software and is thrilled about the great market opportunities which are continuously created by the tectonic shift towards SaaS. Senovo funds outstanding entrepreneurs and teams building world-class products and generally gets involved soon after product launch.

Company information coparion:
coparion provides venture capital to accelerate momentum and growth. With a current active fund of 225 million Euros, coparion has the means to do so. coparion supports entrepreneurial vision with know-how, but without intervening in daily business operations. Thanks to in-depth experience in venture capital and in building companies, the coparion team discerns potentials and opens up new perspectives. coparion has the substance, tenacity, and creativity required to mutually manage difficult situations successfully. coparion only invests with co-investors. The fund invests up to 10 million Euros per company, usually in several financing rounds of 0.5-3 million Euros each. Investment focus is on German companies in the startup and early growth phase. coparion is based in Cologne and Berlin.

Unternehmertum Venture Capital Partners invests in Vimcar

Vimcar receives Germany’s largest connected car investment to date

The Berlin-based automotive startup scores over $5.5 million in financing, making this Germany’s highest-ever early-stage investment in the connected car industry. But that’s not all: Vimcar is now also supported by renowned investors.

Unternehmertum Venture Capital Partners and Coparion are investing as part of a series A financing round in the “digital fleet manager”. Additionally, the French Groupe Arnault joined in on the surprise success from Berlin.

Berlin – 6 April, 2017. Launched at the end of 2014 in Berlin, Vimcar has now successfully completed a Series A financing round with both new and old investors participating. Unternehmertum Venture Capital Partners – the investment branch of Munich-based UnternehmerTUM – and Coparion led the round for the connected car startup that focuses on business cars.
Unternehmertum Venture Capital Partners and UnternehmerTUM seem to continue their bet on mobility, with previous investments including Europe’s newborn bus giant Flixbus and the recent launch of the Digital Hub Mobility in Munich (in cooperation with the German government and industry partners such as Audi, BMW, Daimler and SAP). The second lead investor, Coparion, manages one of Germany’s biggest venture capital funds totalling 225 million Euros. Other investors included the French Groupe Arnault and various business angels.
The startup will use the new funds to broaden their product offering: Vimcar entered and quickly captured the market with a mileage tracking service, but now plans to automate further processes around business vehicles. Managing Director Christian Siewek: “We are focussing on companies that do not have the time or resources to manage their fleet efficiently or even at all. We are aiming at providing a digital fleet manager – a highly-integrated one-stop application – that takes over all relevant tasks in a manner that is also conscious of data privacy concerns. On top of mileage tracking we now have the funds to tackle additional topics such as fuel cards, tire management, driving licences and leasing contracts.” Vimcar has not only managed to win over large cooperation partners like Haufe Lexware (German market leaders for SMB accounting software), DATEV and Media Markt, but is also trusted by over 5,000 companies already. From a technological viewpoint, the solution is based on an aftermarket OBDII-adapter that plugs into the diagnostic port of a vehicle. An integrated SIM-card allows for real-time availability of processed car data provided to Vimcar’s own driver and fleet manager apps (available for iOS, Android, web) as well as third-party applications directly. In the future, the goal is to collect the necessary data not only through aftermarket hardware, but also directly from the cars that have a SIM-card installed and come with an API for third-party applications like Vimcar. In comparison to other fleet management software on the market, Vimcar comes with a consumer-grade user experience: very simple screens and interactions make it extremely easy to use – which seems especially interesting for the underserved SMB market with its high potential for growth.

Company information Vimcar:
Vimcar has quickly grown to be a surprising success story within the multi-billion connected car industry. The Berlin-based startup first launched a mileage tracking application at the end of 2014 which is now in use by over 5,000 companies. Vimcar was founded by Andreas Schneider, Christian Siewek and Lukas Weber, while starting capital was provided by Christophe Maire (Atlantic Labs). Maire himself founded gate5, the company which later turned into Here (Nokia) and then was sold to the automotive industry. During a research project at the University of St. Gallen (CH) on behalf of a German car manufacturer, the founders realised that the industry is facing a digital “fleet dilemma.” Almost every fleet consists of cars from different brands, meaning that a digital solution would inevitably have to work across all manufacturers – a challenge that seems hard to solve. With their OBD hardware Vimcar offers a universal add-on that can be plugged into the car´s diagnostic port regardless of the cars make. Since its launch, the startup has connected ten’s of thousands of cars and grew by approximately 300% in 2016. Among the cooperation partners are the German Association of Tax Advisors (Deutscher Steuerberaterverband), DATEV, Haufe-Lexware (German market leaders for SMB accounting software) and Media Markt (Europe’s largest electronics retailer).

Company information coparion:
coparion provides venture capital to accelerate momentum and growth. With a current active fund of 225 million Euros coparion has the means to do so. coparion supports entrepreneurial vision with know-how, but without intervening in daily business operations. Thanks to in-depth experience in venture capital and in building companies, the coparion team discerns potentials and opens up new perspectives. coparion has the substance, tenacity and creativity required to mutually manage difficult situations successfully. coparion only invests with co-investors. The fund invests up to 10 million Euros per company, usually in several financing rounds of 0.5-3 million Euros each. Investment focus is on German companies in the startup and early growth phase. coparion is based in Cologne and Berlin.

Company information Unternehmertum Venture Capital Partners:
Unternehmertum Venture Capital Partners (UVC) is an early-stage fund investing in new businesses with innovative technologies and international market potential. UVC focuses on Industrial Technologies & Smart Enterprises with a preference for B2B business models. Even though UVC is fully independent it can leverage the overall UnternehmerTUM ecosystem to support its portfolio companies. UnternehmerTUM is the largest German innovation and entrepreneurship centre and is partnering with many leading German corporates, universities as well as research institutes.