High-Tech Gründerfonds raises €245m

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High-Tech Gründerfonds has raised €245 million in a first close for its Hightech Grunderfonds IIl. The Bonn-headquartered firm has set a €300 million target and began fundraising in 2017.

Investors that committed to Hightech Grunderfonds IIl include the Beteiligungs GmbH, QIAGEN and SAP.

The fund will target seed stage opportunities in technology sectors in Germany.