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High-Tech Gründerfonds (HTGF) logo

High-Tech Gründerfonds (HTGF)

DEOtherDeep TechAI/MLClimateHealthtechBio/PharmaB2B SaaSCybersecurityEnterpriseOther

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Investment thesis

HTGF is Germany's largest and most active early-stage investor, backing tech founders at the pre-seed and seed stage with an initial sweet spot of €800k+, and up to €8m per company across seed funds, plus up to €30m in follow-on growth rounds via its Opportunity Fund. The firm operates as a public–private partnership — with the German Federal Ministry for Economic Affairs, KfW Capital, and 45 industrial LPs — and focuses on three verticals: Industrial, Climate & Deep Tech; Life Sciences & Chemistry; and Digital Tech. Rather than chasing trends, HTGF uses a technology-first thesis, investing in teams with deep technical insight and scalable innovation, with the explicit mission to strengthen Germany's technological backbone and create international market leaders. With over €2 billion AUM across its fund generations, HTGF acts as lead investor and leverages its national and international co-investor network to support portfolio companies from first cheque all the way to exit or IPO.

Notable quotes

Back then, it was seen as a public vehicle. The expectation was that the fund might lose money, 50 per cent research, 50 per cent loss. In reality, we've proven that early-stage investing can be both impactful and financially successful. We now have around 30 per cent private capital and 70 per cent public. There's a misconception that public money limits us. It doesn't. We can invest alone, set prices, and act like a normal VC.

Dr. Achim Plum · Tech.eu – 'HTGF: Where public mandate meets venture discipline' · 2026-01-15

No two days are alike here. I have been part of the HTGF team since 2008 and part of the management team since 2023. I believe there is hardly another field that is as inspiring and varied as venture capital, where you learn so much about the power of world-changing technologies, entrepreneurship and the success factors of startups. It is a privilege to work with founders whose ideas have the potential to change the world.

Romy Schnelle · HTGF website – Team page

At some point, I felt that if you really want to change something, you need to be in the startup world — more risk-taking. So I switched to HTGF and started in the digital tech team. I built a portfolio of around 15 companies, most of which I've exited. The portfolio ranged from IT security to e-commerce, depending on what was popular at the time.

Dr. Tanja Emmerling · Tech.eu – 'HTGF: Where public mandate meets venture discipline' · 2026-01-15

Recent investments

CompanyRoundSizeDate
Proxima FusionSeed2023
ATMOS Space CargoSeries A$28m2025-04
TubulisSeed2020
EGYMSeed2011
InstagridSeed2018
VMRaySeed2014
SimScaleSeed2012
Avelios MedicalSeed2021
IonKraftSeed$4m2024-11
PlancraftSeed2022

Frequent co-investors

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