HZG Group launches Euro 60 million Additive Manufacturing Tech Fund
Coburg / Munich — Venture capital investor group HZG launches its first venture capital fund, the HZG Additive Manufacturing Tech Fund, with a volume of EUR 60 million. The fund’s investor base includes experienced entrepreneurs and investors, as well as major family offices. POELLATH advised HZG Group on the launch of the HZG Additive Manufacturing Tech Fund.
Based in Coburg, Bavaria, HZG Group is comprised of venture capital investments, business angel investments and its own research and development center with a clear focus on the field of additive manufacturing (3D printing). The company’s investment focus is on early-stage investments in innovative start-ups in the DACH region. The investment focus is on all areas of additive manufacturing and related industrial fields: from machines and processes to applications and services in the context of Industry 4.0, such as machine learning, robotics, automation, Internet of Things (IoT) and AI applications. In the future, two to three investments per year are planned.
The founders and managing partners of HZG Group, Kerstin Herzog and Frank Carsten Herzog, look back on more than 20 years of experience in 3D printing and, in addition to their know-how and understanding of the industry, complement the equity investment with a corresponding network and their passion for technology.
Additive manufacturing is becoming increasingly important in more and more industries. Just under half of German companies expect to manufacture end products additively as early as 2022, according to management consultants EY.
POELLATH advisedHZG Group on all contractual and regulatory aspects of fund structuring and distribution during the launch of the fund as well as on investor negotiations with the following Berlin team:
Dr. Philip Schwarz van Berk, LL.M. (London) (Partner, Private Funds)
Katharina Schröter (Associate, Private Funds)
Dennis Fordan (Associate, Private Funds)